FXTM, which is a Cyprus-regulated Forex and CFD broker, has announced that it added Bitcoin as one of the deposit options. It ought to be noted that Bitcoin is a Crypto currency. This option is made available through a partnership with BitPay, a digital currencies payment processor. This introduction of Bitcoin would provide a secure, reliable and fast payment method.
The addition of Bitcoin as payment option enables FXTM to join a growing group of Forex brokers who accept digital currencies both for deposit as well as for withdrawal. Grand Capital, Amarkets, RoboForex, FxOpen, LiteForex, FxChoice are few of the other Forex brokers who have this option.
Earlier to the introduction of Bitcoin, FXTM as part of its regular business has supported the payments in various major Fiat currencies and other exclusive options for its client base across Asia. They accept payment through more regular options like bank card, bank transfers and several other online payment systems. As part of its vision FXTM, focuses on providing localized and customized solutions to the various markets that it caters. To achieve this, they collaborate with experienced and effective partners across the Globe. FXTM has an exclusive network of various online payment system providers like Western Union, Neteller, Skrill, WebMoney, Payaza, YandexMoney, Qiwi, Dotpay, Quickpay, Alfa Click etc, who enable its online payment transactions. It has recently even added Verso bank, from Estonia as a payment option.
FXTM is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission also known as CySEC. It is allowed to provide its services across all the European Union countries. Apart from this, it also holds a license from the Financial Services Board (FSB) of South Africa. FXTM also has a London based unit but its plans around acquiring an UK license is yet to be disclosed.