Cyprus-regulated forex broker FXTM has enabled clients in Thailand to withdraw or deposit funds from their trading accounts using e-payment service provider MyPay. Transfers via the new payment option are available in Thai Baht (THB).
Withdrawals will be automatically converted from any of the base account currencies supported by FXTM (USD, GBP or EUR) into THB at the current conversion rates.
“This new addition to FXTM’s ever-growing list of withdrawal options directly reflects our commitment to being the global broker with a local touch, delivering a superior trading experience to clients across the globe,” the broker said in a statement.
MyPay is one of the leading payment terminals in Thailand. It provides more than 700 terminals for e-payments across the country. It also has a MyPay Mobi, a mobile application for money transfer, bill payment, e-shopping, and expenses monitoring.
FXTM also supports other major payment systems, including bank cards Visa, MasterCard, Maestro and China UnionPay, as well as bank transfers and several online payment systems – Neteller, Skrill, WebMoney, Qiwi, Payza, Yandex.Money, Dotpay, Wester Union Quick Pay, and Alfa-Click.
FXTM is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to provide its services in all EU countries. The broker also holds a license from the Financial Services Board (FSB) of South Africa. It has also set up a London-based unit, but it has provided no information at the time as to whether it plans to acquire a UK license.