FXTM, a Cyprus-regulated forex broker, announced it has added the Estonian Versobank as a deposit and withdrawal option for its clients.
According to the statement, clients can make deposits and withdrawals in EUR, USD, GBP and RUB. This provides convenience for clients who wish to avoid high conversion fees and handle their money in USD or RUB.
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.
The broker also offers regional payment options for clients in certain countries, like the e-payment service provider MyPay for Thai clients in Thai Baht (THB) and Baidu Pay for traders from China, Taiwan, Singapore and Hong Kong.
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.
Versobank is a leading bank in Estonia. It provides the full range of banking services for private and corporate clients.