How to withdraw from forex

If you funded your account with a non-USD deposit: FOREX.Com will convert your US dollar account balance back to the currency you initially deposited and wire your funds back to the originating bank account.

Top-3 forex bonuses

A fee of US$40 will be assessed. If you funded your account with US dollars: there is no fee for withdrawal requests via check. Withdrawal requests via wire transfer will incur a $25 fee for wires within the united states, and $40 fee for international wires (including canada).

How to withdraw from forex

The painful beginning is over and you have finished reading all the basics of forex trading. You are sick and tired of the demo account, the nightmares where you speak only with forex terminology become more frequent and you are ready for the big jump – trading for real money. So how to trade with real money and how to make sure your funding is safe? More importantly, how do you receive the profit money you make?

Many forex beginners may be slightly confused about forex brokers withdrawal methods and brokerage deposit options. So let's review the process of withdrawal once and for all.

Most forex brokers generally accept deposits by credit card, wire transfer and, in some cases, checks. However many forex traders don’t feel safe using their credit card online and giving in to the possibility of endangering their saving account! What has become rather popular now is depositing and withdrawing money from your forex broker with alternative online payment methods such as neteller, skrill, paypal, e-bullion and others.

Most forex traders trust these online payment systems and prefer using them instead of credit card. That’s because money can be sent immediately and securely to and from your forex broker. All of these payment options used by forex brokers may actually protect your money better than it would protect during any other similar online financial transaction.

Each forex broker has different policies, terms and conditions. Many brokers allow you to withdraw your profits via the same payment method you used to deposit, but sometimes you won’t be able to withdraw until a certain amount of money is reached and/or the bonus requirements are met. Also, while most forex brokers do not charge any extra fees, it is common for some brokers to charge transaction fees when it comes to withdrawal.

Here is an example taken from forex.Com broker withdrawal requirements:

If you funded your account with US dollars: there is no fee for withdrawal requests via check. Withdrawal requests via wire transfer will incur a $25 fee for wires within the united states, and $40 fee for international wires (including canada).

Most withdrawal processes are easy and fast, which requires filling in the online form. Some forex brokers, however, request filling the withdrawal form, printing it out, sign and sending it by fax or email. The waiting period varies from 24 hours to several weeks, depending on forex broker policies, which must be reviewed and fully comprehended.

I strongly suggest reading terms and conditions of your selected broker before you make a deposit. If you can’t find the details about withdrawal in terms and conditions, try reading frequently asked questions on the broker’s website. And if that doesn’t help, contact your forex broker via email, online chat or phone and make sure to find the answers to these questions:

1. What are the available payment methods?

2. Are there transaction fees? If so, what are they?

3. What is the withdrawal process?

4. How long does it take to receive the money?

5. What is the minimum amount required to make a withdrawal?

6. How does bonus affect the withdrawal policy?

And always remember that troubles arise from misunderstanding. Make sure that you have a clear vision of what lies ahead before you make a plunge!

How to withdraw from forex

All withdrawal requests are processed daily from 9:00 to 18:00 server time (GMT+2). Withdrawals are not executed on weekends and holidays. If withdrawal request was sent after 18:00 (GMT+2) of the current day, then it'll be transferred to the next working day. Funds withdrawals are available only to account holders. Money transfer to third parties is forbidden. Paxforex reserves the right to identify payee.
When withdrawing part of funds, it is not necessary to close open positions, however, the withdrawn amount can't exceed than the free margin. Paxforex does not bear responsibility for any losses caused by lack of money on your forex account. You should control margin requirements for open positions for yourself to minimize risk.

What is the minimum withdraw forex amount?

The minimum withdrawal is 10 USD or the equivalent amount in your base currency.

Are there any fees?

Paxforex does not charge any fees for the external transfer of funds from your forex account except for credit/debit card deposits, for which a 5.5% (min 10 USD) charge is applied to cover a portion of the total charges made by the card processors involved in the transactions. For all other withdrawal methods we do not apply fees. Please note that you may be charged for transferring funds using an external method unrelated to paxforex.

How do I withdraw? Is it easy?

Just login to mypaxforex and you will see a variety of forex withdrawal methods for you to use. If you require help in deciding which method to use, contact our customer support team by email, phone or live chat; they are available 24/5!

Are my transactions safe?

Yes, paxforex ensures safety, security, and reliability at all times. Using advanced encryption technology to ensure privacy and security over the internet. All communication is encrypted using SSL technology (secure socket layer). Passwords are encoded; making sure that only you know your password. All personal information is completely confidential; we do not share your information with any third parties.

Withdrawal methods	withdrawal time	min withdrawal	fees
bank transfer	processed within 1 business day, however takes 4 to 7 business days for the funds to be credited to your bank account, depending on your bank	100 USD	bank commission
credit/ debit cards	processed by us within 1 business day but you receive the funds to your account in 5 to 15 business days depending on your credit card provider	15 USD	5,5% (min 10 USD)
skrill (moneybookers)	1 working day	10 USD	from 1% up to 3,9% + 0,35 USD
neteller	1 working day	10 USD	0%
webmoney	1 working day	10 USD	0.8%
perfect money	1 working day	10 USD	2.5%
QIWI	1 working day	10 USD	1%
fasapay	1 working day	10 USD	0.5%
uphold	1 working day	10 USD	0%

Disclaimer (waiver of liability)

Goods and services, offered by us as a merchant are not provided on order or by request of a person or entity, running webmoney transfer system. We hereby act as an independent entity providing services and making independent decisions on pricing and offers. Entities, running webmoney transfer system do not receive any commission, interest fees or any other awards/refunds for the provided goods or services and are not liable for our activities.

Verification, performed by webmoney transfer system only confirms the accuracy of our contact details and proves our identity. Verification is performed by our own free will and doesn't mean or show our connection to the commercial activity of webmoney transfer system operators.

XM deposit and withdrawal methods in 2021

In our xm.Com broker review, we described the basic features and offers of this famous forex broker. In this article, we will analyze only deposit and withdrawal options.
XM is one of the leading foreign exchange (forex) brokers globally, and millions of traders worldwide are using XM for forex trading. Many of these forex traders are investing large amounts of money for forex trading. They would like to find out the XM deposit and withdrawal methods to make a decision accordingly. One of the factors affecting the choice of the deposit or withdrawal method is the country in which the trader is residing. Some payment/withdrawal methods are popular in each country due to several factors, and the trader will usually use that method since the fees will be less. Unless specified, the currencies for the deposit and withdrawal methods are USD, EUR, GBP, CHF, HUF, PLN, AUD.

XM deposit and withdrawal methods are online payment methods that XM forex broker allows for traders. XM.Com deposit and withdrawal methods are credit card, debit card, neteller, skrill, unionpay, bank wire. XM withdrawal options for partners are skrill, neteller, and bank wire.

XM offers payment options for traders, such as:

VISA

VISA electron

Mastercard

Maestro

Diners club international

Unionpay

XM card

Skrill

Neteller

Web money

Bank wire

The minimum deposit for an XM account is $5 for MICRO and STANDARD forex trading accounts, $50 for ULTRA LOW trading accounts, $10 000 for SHARES accounts.XM minimum withdrawal value is $5 for MICRO and STANDARD forex trading accounts, $50 for ULTRA LOW trading accounts, while for SHARES accounts is $10 000. The minimum deposit value for the XM account and minimum withdrawal for the XM account is related to the type of order and not the payment method. Skrill withdrawal option is one of the most used payment methods, and the minimum deposit for skrill (withdrawal too) is based on account types.

XM deposit methods

How to deposit the XM account? There are several XM deposit options:

XM credit/debit card

XM accepts deposits using credit and debit cards from visa, visa electron, mastercard, maestro. The minimum deposit amount is $5, and the amount is immediately credited to the user’s forex account. There are no fees for using this deposit method. Since most people have a debit or credit card, this deposit method is widely preferred. However, most credit and debit cards have a limit, so the amount which can be deposited is also limited.

XM electronic payment

All the electronic payment methods have no fees and a minimum deposit of $5. Neteller, skrill, and unionpay are some of the electronic payment methods. For neteller and skrill, the amount is credited to the forex account immediately, while for union pay, the deposit will be processed within 24 hours. Cash only accepts USD deposits and przelewy24 accepts PLN deposits, and the amount is instantly credited to the forex account. For bitcoin, deposits in only three currencies, USD, EUR, JPY, are accepted, and it may take up to one hour for the payment to get processed.

XM banking

For sofort banking, deposits are only accepted in eur & GBP. Though the minimum amount is $5, and there are no fees, the deposit processing time will vary depending on the country. For conventional bank transfer of deposit amount in the forex account, at least two hundred USD or equivalent will have to be deposited in the forex account at a time. The fees depend on the bank, which is used. The amount deposited in the bank account will be credited to the forex account within two to five business days.

XM withdrawal review

If a user wishes to withdraw his money from the XM account, they will have to provide the know your customer (KYC) documents, which are specified. These documents are necessary to prevent money laundering according to the various regulatory bodies’ requirements in different countries. XM has an online and offline form where the customer’s personal information and background details have to be provided. This information will help XM in providing better service to their customers.

Compared to deposits, there are fewer withdrawal methods, which are discussed below. Unless specified, the XM user will have to withdraw at least five USD at a time, and there are no fees for withdrawal. The processing time for the withdrawal request is usually 24 hours on working days if the customer has completed the KYC requirements and submitted the documents required. These documents are the identity proof and proof of address of the trader. However, the amount will be credited to the linked bank account, usually only after three to five business working days.

XM credit cards and electronic payment

Visa, visa electron credit and debit cards, maestro and mastercard credit cards can be used for withdrawing funds. Unionpay is another option for fund withdrawal. Similarly, skrill ( earlier called moneybookers) and neteller are electronic payment methods used for fund withdrawal. Bitcoin can also be used for withdrawing the money in the XM account, though funds can only be withdrawn in USD, EUR, and JPY. Usually, credit/debit card withdrawals are given top priority by XM, followed by bitcoin withdrawals and neteller/skrill (e-wallet) withdrawals.

XM bank wire transfer

Many of the forex traders are trading in large amounts, and they prefer to make bank wire transfers to withdraw their profit.

The smallest amount permitted for making a withdrawal to a bank account is two hundred dollars. The withdrawal fees will vary based on the bank selected by the trader. The amount is usually credited to the bank account two to five business days after the withdrawal request is made. XM may process the bank withdrawal requests more slowly. The longest period of XM bank wire transfer withdrawal was 5 days in my last 8 years.

XM fund safety

To keep their clients’ funds, the forex traders safe, XM takes all measures to prevent unauthorized access to their information systems. All the funds of their clients are segregated and kept with the most reputed banks worldwide. Additionally, XM is also offering negative balance protection to their clients. XM has a risk management system implemented, which will ensure that the trader’s loss will be limited to the amount deposited with XM only.

Forex trading without any deposit

Many people are interested in forex trading yet do not have the money to take the risk. However, it is still possible to get some experience in forex trading without making a deposit.

XM no deposit bonus

To encourage people who are curious about forex trading, XM offers a $30 no deposit bonus to all those who create a new account with XM. This allows the new trader to take the risk of trading without risking his own money. The amount is directly credited to the live trading account and helps the trader understand market conditions.

XM demo account

XM also allows new traders to create a demo or virtual account to trade in forex with virtual money. The trader will be given $50,000 in virtual money for each account created, which he can use to trade, become familiar with the features, and test strategies. A trader can create any number of demo accounts to practice trading. If the demo account is inactive for a long period, it will be deleted immediately.

Fxdailyreport.Com

To answer this question, you need to understand how the trading market works. Forex brokers (dealing centers or dcs) are such licensed companies that provide traders with professional services for access to trade in the international currency market. The success of work on forex depends on the right choice of a dealing center.

Therefore, you should give a preference to a reliable and experienced broker with a variety of trading instruments. The company should have a long history of completed foreign exchange transactions. But how to choose the best forex broker for withdrawal?

How to choose the best forex broker for withdrawal?

Choosing a broker for trading on exchanges should begin with collecting information about successful transactions and openness in working with clients. A reliable broker has its portfolio of deals, a large number of reviews from customers.

The simplest way is to check the published lists of traders, which are continually changing and updated. The trader with the most reviews will offer some of the safest working conditions. We also recommend paying attention to how the process of registering and depositing money with a particular broker is going.

Forex broker license

The presence of a broker license allows you to judge his conscientiousness and honesty in his approach to trading. A licensed broker is more likely to complete all transactions and also carries them with benefits not only for himself but also for the client.

But to obtain a license from well-known world communities or government agencies, a broker needs to try hard and earn a positive reputation. If you see that an unknown office located on a distant island issued the permit – you should avoid working with this broker.

Forex brokers rating

On the internet, you can find several independent from each other ratings of popular brokers. You can sort them by the number and quality of reviews, working hours, and other essential parameters. We recommend you to pay attention to the number of completed transactions, the regularity in payments to customers, and not to leverage or the promised interest.

Top 10 forex brokers

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker

In general, do your first steps in trading with the help of brokers with caution, trading on small amounts. Hence the preference in favor of traders with work experience and safe conditions.

How do brokers earn?

Usually, brokerage support in the foreign exchange market is not free. And dealing companies, like traders, have some financial interests. How do they earn? Providing comprehensive support for trader transactions, such agents get income that makes up the difference between the purchase/sale prices of traded currency pairs (spreads).

Or they receive direct payment from the trader for each trade transaction conducted. Depending on the chosen scheme of work, a brokerage company can only get commissions or have additional sources of income.

Reliable forex brokers

How to find a dealing center to which you can safely entrust your trading operations? One of the surest ways is to choose a broker on the recommendation of traders already working with them. Numerous ratings will also help ease the choice.

They publish information on the most successful and reliable forex brokers regularly. Besides, remember about such vital points as the transparency of the information provided on the dealing company activities. Check the legal documents and the availability of client support, working 24/7.

Three categories of brokers

In the modern foreign exchange market, there are three leading categories of brokers.

Classical (most expensive) intermediaries work in the full-service format. They provide clients with a full range of services – from receiving orders to legal support of accounts.

Discount dealing centers (discount broker) put the orders to the forex market. As payment for their work, they receive a monetary reward in the form of a percentage commission.

Electronic or online brokers specialize in online transactions and have been extremely popular lately.

Withdrawal process in different brokers

How to withdraw money from your trading account? Every trader should ask himself this question when signing a service agreement. Let us talk about the withdrawal process on forex.

Why does a trader come to the forex currency market? Generally, not for fun, but profit. For this purpose, you study the basics of technical analysis, try various trading strategies, and read a lot of information. Finally, you achieved the result – profit. And the most critical question arises – how to get your hard-earned money?

How to withdraw money on forex?

The problem is that many traders choose brokers to trade without getting known how to get your earnings back. Many brokers have enormous commissions, and it may be that you did not even know about them. Let’s talk in more detail about how to withdraw money from a forex broker trading account.

What to do before opening a real account

Before you open a real deposit with a chosen forex broker, you should inquire about what conditions the broker withdraws the earned profit.

As a rule, money is available for withdrawal only after passing the verification procedure.

At the same time, verification can have several levels, on each of which you will need scans or photos of identity documents. Naturally, during registration, to avoid further problems, you should indicate your real last name and first name.

It is highly advisable to do the verification procedure before depositing funds. The requirements of a forex broker regarding the quality and quantity of necessary documents can seem needlessly strict to you. In this case, nothing stops you from changing your company before starting a financial relationship with it.

As a rule, there are no difficulties with verification. Most forex brokers request a standard set of documents: a passport scan and the confirmation of the address of your residence. After completing the verification, you only have to choose a suitable withdrawal method.

Most companies have a bonus program. Carefully read the terms of granting this bonus. Some bonuses limit the withdrawal of profits or even make it impossible without losing the reward.

Most popular ways of withdrawal

The methods for withdrawing profits, as well as the timing of this procedure, are different for each forex broker. For example, big companies withdraw money only to a bank account. Naturally, everything goes officially, including the income tax for individuals.

Dealing centers and brokers do not limit their services only in this way but offer many more ways to get your profits – from electronic payment systems to cryptocurrency. That is why you should choose a broker that uses the withdrawal method most convenient to you.

Electronic payment systems

Most companies allow you to withdraw profits on electronic wallets of the most common payment systems. The leaders are paypal, skrill, and neteller. When choosing a payment system, be sure to check how much money you will lose when withdrawing profits. For example, neteller has a commission of 1% (no more than 11.41 USD or 10 EUR) and a fee of 1.39% of the withdrawal amount.

At the same time, pay attention to the timing. The withdrawal may take from several business hours to several business days – this will be indicated on the broker’s website and in the contract.

Withdrawal to a bank account

This method is not so popular among ordinary traders. The commission charged in this case is slightly higher than when withdrawing funds to the same card using the chain trading account – electronic payment system – bank card. It is especially true if the country of residence of the trader and the broker’s country are different. In some cases, for citizens of other states, this method is generally not available.

The timing of the withdrawal of money also decreases the popularity of this method. Unlike electronic payment systems, it can take from 1 to 7 banking days. Nevertheless, many traders with a substantial profit (several thousand dollars) use this system. For such traders, it is not the waiting time that matters, but its maximum reliability.

Forex brokers cards

The trend of issuing payment cards by brokers gains popularity. Each company names them different, but they are the same – an international mastercard. This method has many advantages. Using a mastercard, you can withdraw cash at any ATM, pay in stores, make purchases on ebay or amazon.

However, the most significant benefit is different. Brokers open their cards in the offshore zone. And the law of their native state doesn’t regulate them.. Therefore, if your profit from forex trading has reached a grandiose size, this method will be most profitable.

But there are some drawbacks. The issuance of such a card is not free, and the broker also charges a card maintenance fee. Therefore, if your profit is not too big, there is no reason for using it.

Conclusion

As you see, choosing the best forex broker for withdrawal is a quite complicated task. First of all, you should determine your needs and the most convenient withdrawal method for you. And only then you can start looking for a broker.

You have come to the foreign exchange market with serious intentions to make money. So the question of money withdrawal should interest you first of all. After all, the goal of a trader is earning, and not to deposit money on a forex broker account.

How to withdraw from forex

Many forex beginners may be slightly confused about forex brokers withdrawal methods and brokerage deposit options. So let's review the process of withdrawal once and for all.

Here is an example taken from forex.Com broker withdrawal requirements:

1. What are the available payment methods?

2. Are there transaction fees? If so, what are they?

3. What is the withdrawal process?

4. How long does it take to receive the money?

5. What is the minimum amount required to make a withdrawal?

6. How does bonus affect the withdrawal policy?

And always remember that troubles arise from misunderstanding. Make sure that you have a clear vision of what lies ahead before you make a plunge!

Deposit and withdrawal

Choose the most comfortable payment method!

Frequently asked questions

How can I withdraw money from my account?

Open the withdrawal within the finances section in your personal area .

Select the preferred payment method and click the withdraw button.

Select the FBS account you wish to withdraw funds from and fill in all the necessary fields.

Type the amount of money you want to withdraw.

Click on the confirm withdrawal button.

Please note that you must verify your account to request a withdrawal.

How long does it take to process my withdrawal?

FBS financial department processes all withdrawal requests on a first-come, first-served basis. As soon as it approves your withdrawal request, we send you the funds. However, the final time required to transfer funds to your account will depend on the payment method used:

Bank wire: 7-10 business days

Credit or debit cards: 3-4 business days

E-payments: up to 30 minutes

Be aware that the minimum withdrawal amount for bank wire is $50. For all the other payment systems, it is $1.

Can I withdraw trade 100 bonus?

Trade 100 bonus is a great way to start your trading career. You cannot withdraw the bonus itself, but you can withdraw profit gained on trading with it if you fulfill the conditions required:

Trade at least 30 days.

Have more pips from profitable than losing orders.

Have at least 5 lots traded during 30 active trading days.

Fulfill the above conditions within 50 days from the moment of getting the bonus.

Is FBS a legit broker?

FBS is a legitimate forex broker regulated by the international financial services commission, license IFSC/000102/124, which makes it a trustworthy and reliable broker. FBS offers its services for more than 11 years already and has over 16 million active traders.

Contact us

Zopim

Wechat

Fb-msg

Viber

Line

The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize

The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran

Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203

For cooperation, please contact us via support@fbs.Com or +35 7251 23212.

Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy.

Fxdailyreport.Com

How to choose the best forex broker for withdrawal?

Forex broker license

Forex brokers rating

Top 10 forex brokers

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker

In general, do your first steps in trading with the help of brokers with caution, trading on small amounts. Hence the preference in favor of traders with work experience and safe conditions.

How do brokers earn?

Reliable forex brokers

Three categories of brokers

In the modern foreign exchange market, there are three leading categories of brokers.

Classical (most expensive) intermediaries work in the full-service format. They provide clients with a full range of services – from receiving orders to legal support of accounts.

Discount dealing centers (discount broker) put the orders to the forex market. As payment for their work, they receive a monetary reward in the form of a percentage commission.

Electronic or online brokers specialize in online transactions and have been extremely popular lately.

Withdrawal process in different brokers

How to withdraw money from your trading account? Every trader should ask himself this question when signing a service agreement. Let us talk about the withdrawal process on forex.

How to withdraw money on forex?

What to do before opening a real account

Before you open a real deposit with a chosen forex broker, you should inquire about what conditions the broker withdraws the earned profit.

As a rule, money is available for withdrawal only after passing the verification procedure.

Most companies have a bonus program. Carefully read the terms of granting this bonus. Some bonuses limit the withdrawal of profits or even make it impossible without losing the reward.

How to withdraw from forex

Watch our step-by-step guides on how to withdraw in our how to videos.

Please note that in order to request a withdrawal your profile must be fully verified.

Can I withdraw using a different method than the one I used to deposit?

Withdrawals must be made in proportion to the deposits according to the payment method used.

Your withdrawals must be transferred to the same card, e-wallet, bank account used for deposit.

Initial deposit – 600 USD – credit card *3333

2 nd deposit – 300 USD – skrill

Total deposited: 900 USD

Initial withdrawal – 200 USD – must be made using credit card *3333

2 nd withdrawal - 500 USD – 400 USD must be withdrawn using credit card *3333 and 100 USD must be withdrawn using skrill.

Total withdrawn: 700 USD

Please note that in some cases, credit card withdrawals can only be made within 12months of the initial deposit.

How long does it take to process my withdrawal?

All withdrawal requests are processed by our back office department within the same business day , however the time required for the funds to be transferred to your account will depend on the payment method used.

- bank wires: between 3- 5 business days. - credit/debit cards: between 3 – 10 business days. - E – wallets: within 1 business day.

What should I do if the card used to deposit was cancelled/lost?

You will need to email us an official document from the card issuer stating that the card was cancelled or lost and we will then inform you on how to proceed.

Can I still withdraw if I have open positions?

Yes, provided that you have sufficient free margin on your account to cover the withdrawal and any extra fees that may occur.

You can calculate your free margin here.

I’m withdrawing via credit/debit card, are there any more steps I should follow?

If this is your first withdrawal, you should ensure that the withdrawal is made to the same card used to make your initial deposit.

I’m withdrawing via E-wallet, are there any more steps I should follow?

If your e-wallet has already been verified, your withdrawal will be processed automatically.

If you are withdrawing using webmoney, please follow the steps here.

I’m withdrawing via bank-wire, are there any more steps I should follow?

In order to withdraw you will need to verify your bank account by uploading bank statement showing:

- account holder’s name (this should match the name used during registration). - account number.

I’m withdrawing via china union pay, are there any more steps I should follow?

If this is your first withdrawal, you should ensure that the withdrawal payment is made to the same bank account used to make your initial deposit.

You will also need to provide the following via upload or email:

- bank name - bank account number - province and city - your name (this should be written in chinese characters)

How can I cancel my withdrawal request?

You can cancel your request in myfxtm in the ‘transaction history’ tab under the ‘my money’ section by clicking ‘cancel’.

Making a withdrawal

How can I withdraw funds from my account?

Go the withdraw page within the ‘my money’ section in myfxtm.

Select the payment method and click ‘withdraw’.

Select the myfxtm account or wallet you wish to withdraw funds from and complete the necessary fields.

Select a reason for withdrawal and enter the PIN that was to you via email or SMS and click ‘submit’.

Watch our step-by-step guides on how to withdraw in our how to videos.

Please note that in order to request a withdrawal your profile must be fully verified.

Can I withdraw using a different method than the one I used to deposit?

Withdrawals must be made in proportion to the deposits according to the payment method used.

Your withdrawals must be transferred to the same card, e-wallet, bank account used for deposit.

Initial deposit – 600 USD – credit card *3333

2 nd deposit – 300 USD – skrill

Total deposited: 900 USD

Initial withdrawal – 200 USD – must be made using credit card *3333

2 nd withdrawal - 500 USD – 400 USD must be withdrawn using credit card *3333 and 100 USD must be withdrawn using skrill.

Total withdrawn: 700 USD

Please note that in some cases, credit card withdrawals can only be made within 12months of the initial deposit.

How long does it take to process my withdrawal?

- bank wires: between 3- 5 business days. - credit/debit cards: between 3 – 10 business days. - E – wallets: within 1 business day.

What should I do if the card used to deposit was cancelled/lost?

You will need to email us an official document from the card issuer stating that the card was cancelled or lost and we will then inform you on how to proceed.

Can I still withdraw if I have open positions?

Yes, provided that you have sufficient free margin on your account to cover the withdrawal and any extra fees that may occur.

You can calculate your free margin here.

I’m withdrawing via credit/debit card, are there any more steps I should follow?

If this is your first withdrawal, you should ensure that the withdrawal is made to the same card used to make your initial deposit.

I’m withdrawing via E-wallet, are there any more steps I should follow?

If your e-wallet has already been verified, your withdrawal will be processed automatically.

If you are withdrawing using webmoney, please follow the steps here.

I’m withdrawing via bank-wire, are there any more steps I should follow?

In order to withdraw you will need to verify your bank account by uploading bank statement showing:

- account holder’s name (this should match the name used during registration). - account number.

I’m withdrawing via china union pay, are there any more steps I should follow?

If this is your first withdrawal, you should ensure that the withdrawal payment is made to the same bank account used to make your initial deposit.

You will also need to provide the following via upload or email:

- bank name - bank account number - province and city - your name (this should be written in chinese characters)

How can I cancel my withdrawal request?

You can cancel your request in myfxtm in the ‘transaction history’ tab under the ‘my money’ section by clicking ‘cancel’.

Policies & regulation

FXTM brand is authorized and regulated in various jurisdictions.

Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614. The company is also registered with the financial conduct authority of the UK with number 600475.

Forextime (www.Forextime.Com/uk) is authorised and regulated by the financial conduct authority with license number 777911.

Exinity limited (www.Forextime.Com) is regulated by the financial services commission of the republic of mauritius with an investment dealer license bearing license number C113012295.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Regional restrictions: FXTM brand does not provide services to residents of the USA, mauritius, japan, canada, haiti, suriname, the democratic republic of korea, puerto rico, brazil, the occupied area of cyprus and hong kong. Find out more in the regulations section of our faqs.

Popular faqs

How do I open an account with FOREX.Com?

You can apply for an account with FOREX.Com online. Start your application now.

I forgot my username or password. How do I retrieve them?

If you forgot your username, please contact us for assistance. If you forgot your password, please click here and fill in your username and email. You’ll then receive an email with a link to reset your password.

What information do I need when opening an account?

We will need you to provide us with your name, address and tax ID number to establish your identity. Typically, we can verify your identity instantly. For more information, see our account documents faqs .

How much money do I need to open an account?

The minimum initial deposit required is at least 100 of your selected base currency. However, we recommend you deposit at least 2,500 to allow you more flexibility and better risk management when trading your account.

How can I fund my account?

You can securely fund your account by logging in to myaccount and visiting the funding page. Forex.Com cannot accept deposits from third parties. Please note that you may experience longer processing times if the name on the originating account does not match your FOREX.Com account.

There are three easy ways to fund your account:

Bank transfer (ACH) – recommended

You can transfer a maximum of $10,000 or currency equivalent per transaction and funds will typically be available immediately for trading. The minimum transaction for bank transfers is $100 per transaction. We accept USD, no fee for bank transfers.

Wire transfer

There is no minimum or maximum deposit amount for wire transfers. Wire transfers may take up to 1-2 business days for domestic wires and 2-5 days for international wires before they are available for trading. We accept USD, EUR, CAD, JPY, CHF, AUD and GBP. FOREX.Com does not charge fees for income wires. However, your bank may charge a service fee. Wire transfers that involve a bank outside of the US may require an intermediary US bank. US intermediary banks may charge a transaction fee.

Debit card

Debit cards must be verified before use. You can deposit a maximum of $10,000 (or currency equivalent) per transaction and funds will typically be available immediately for trading. The minimum transaction for bank transfers is $100 per transaction. We accept visa and mastercard in USD, GBP and EUR. However, please be aware that all debit card transactions are automatically converted to USD. FOREX.Com does not charge fees for incoming card deposits. If you deposit funds from abroad, you may be charged a cross-border fee or currency conversion fee by your issuing bank.

Personal or business check

Currently, we are not accepting personal or business checks.

How will my withdrawal be processed?

Deposited funds must be returned to the originating source. If you have deposited funds using multiple methods, you must exhaust the total deposit amounts based in the following order:

Bank transfer

Debit card

Wire

Excess funds may be withdrawn via bank transfer or wire. In the event you add a new bank account to withdraw excess funds, FOREX.Com will require evidence of the account by uploading a bank statement.

Can I renew my demo account?

Demo accounts last for 30 days after sign up. Afterward, you will not be able to log in using the demo account credentials. Demo renewals are not available at this time. If you have further questions, pleasecontact us.

How do I download FOREX.Com's desktop platform?

Click here to download the advanced FOREX.Com desktop application.

How do I download metatrader 4?

Click here to download the FOREX.Com metatrader 4 platform.

Please remove any previous versions of the metatrader software from your PC prior to installation in order to ensure proper function of the platform.

How can I access my monthly/annual statement?

You may access your account statements securely via the trading platform. Simply login to webtrader and select the icon in the top right corner of your screen and then select "statements and contracts".

An annual statement can be accessed by selecting december, search and then downloading the statement dated "31/12"

Metatraders: you may access statements and annual report by logging onto the platform and selecting account history in the terminal window, select custom period and generating the report.

So, let's see, what we have: the painful beginning is over and you have finished reading all the basics of forex trading. You are sick and tired of the demo account, the nightmares where you speak only with forex terminology become more frequent and you are ready for the big jump – trading for real money. So how to trade with real money and how to make sure your funding is safe? More importantly, how do you receive the profit money you make? At how to withdraw from forex