Forex deposit methods
***provided that you have submitted all relevant documentation requested by FXTM (if any) by that same business day.
Top-3 forex bonuses
Moreover and as in regards to CC withdrawals specifically, the funds will be posted to your bank account within 3-5 business days of being processed by us. Should you encounter any delays after the provided time-frame please contact us in order to investigate it. When an account has been deemed inactive (no trading activity) for a period of 6 months, we will apply an inactivity fee of 5 EUR/ USD/ GBP.
Deposits & withdrawals
At FXTM, making deposits and withdrawals is simple and straight forward and hardly takes up any of your time. We are constantly striving to offer you even more deposit and withdrawal options and to make the process even easier. If you have any queries just contact our client support team.
Credit cards | deposit method | currency | fees / commission | processing time | deposit funds |
---|---|---|---|---|---|
visa | EUR, USD, GBP | no commission | 2 hours | fund | |
mastercard | EUR, USD, GBP | no commission | 2 hours | fund | |
maestro | EUR, USD, GBP | no commission | 2 hours | fund |
E-wallets | deposit method | currency | fees / commission | processing time | deposit funds |
---|---|---|---|---|---|
paypal | GBP , USD , EUR | no commission | instant | fund | |
VIP skrill / moneybookers | EUR, USD, GBP, PLN, CZK | no commission | 2 hours | fund | |
VIP neteller | EUR, INR, USD, GBP, PLN, NGN | no commission | 2 hours | fund | |
western union quick pay | USD | no commission | 24 - 48 hours** | fund | |
dotpay | PLN , EUR | no commission | 2 hours | fund |
credit cards | withdrawal method | currency | fees / commission | processing time | withdrawal funds |
---|---|---|---|---|---|
visa | EUR, USD, GBP | 2 EUR/ 3 USD/ 2 GBP | same business day*** | withdrawal | |
mastercard | EUR, USD, GBP | 2 EUR/ 3 USD/ 2 GBP | same business day*** | withdrawal | |
maestro | EUR, USD, GBP | 2 GBP/ 3 USD/ 2 EUR | same business day*** | withdrawal |
E-wallets | withdrawal method | currency | fees / commission | processing time | withdrawal funds |
---|---|---|---|---|---|
paypal | GBP, USD, EUR | 2% | same business day*** | withdrawal | |
VIP skrill / moneybookers | EUR, USD, GBP, PLN, CZK | no commission | same business day*** | withdrawal | |
VIP neteller | EUR, INR, USD, GBP, PLN, NGN | no commission | same business day*** | withdrawal |
When an account has been deemed inactive (no trading activity) for a period of 6 months, we will apply an inactivity fee of 5 EUR/ USD/ GBP.
Please note that a processing delay may occur for your transaction in case of a request for additional information or evidence as part of FXTM's due diligence & regulatory procedures. FXTM is not liable for transactional delays in case such information and/or evidence is not received on time.
In case of no trading activity, or if any form of abuse is found relating to the reimbursement policy, FXTM reserves the right to reclaim any reimbursement fees. If you request to withdraw your funds after no trading activity, FXTM reserves the right to charge you the equivalent amount of any banking fees incurred, or 3% of the total withdrawal amount.
** your deposit may take up to 5 business days in the unlikely case that forextime is unable to verify your information or your funds have not yet been received to the forextime account.
***provided that you have submitted all relevant documentation requested by FXTM (if any) by that same business day. Moreover and as in regards to CC withdrawals specifically, the funds will be posted to your bank account within 3-5 business days of being processed by us. Should you encounter any delays after the provided time-frame please contact us in order to investigate it.
All back office transfers are processed during standard business hours, i.E. 08:00-18:00 GMT+2 (GMT+3 DST), mon-fri.
For further regulatory information as regards the payment service providers please click here.
For information about transfers between your trading accounts please visit our internal transfers page.
Policies & regulation
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.
Forex.Com minimum deposit
All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.
Forex.Com minimum deposit amount
The minimum deposit at forex.Com is $100.
Check the following comparison table to see how forex.Com stacks up against similar brokers when it comes to minimum deposits:
forex.Com | oanda | IG | |
---|---|---|---|
minimum deposit | $100 | $0 | $0 |
They expect to deposit 100 of your account currency but they advise to have at least 1000 units of your account currency
The minimum deposit means that you will first need to transfer this amount to your brokerage account from your bank account in order to start trading. It is sometimes called an initial deposit or funding.
Beyond the required minimum deposit, there are a couple of other factors to consider when you are about to open an account at forex.Com. Here are the main pros and cons when it comes to depositing at forex.Com:
Pros | cons |
---|---|
• credit/debit card deposit | none |
• no deposit fee | |
• several account base currencies |
Visit broker
79% of retail CFD accounts lose money
Why does forex.Com require a minimum deposit?
Online brokers sometimes require a minimum deposit in order to cover their initial costs associated with creating a new account and to ensure their profitability. The higher the amount you deposited, the higher the chance for you to trade more and generate bigger profits for the broker.
In some cases, the very high minimum deposit (like the £1 million amount at the VIP account of saxo bank) is there to differentiate the level of services they offer you.
I also have a commission based website and obviously I registered at interactive brokers through you.
Especially the easy to understand fees table was great!
Forex.Com minimum deposit
forex.Com deposit fees and deposit methods
Forex.Com does not charge a deposit fee. This is great because the broker won't deduct anything from your deposits and you only have to calculate with the costs charged by the bank / third-party you send the money with. If you want to know more about forex.Com fees, check out the fee chapter of our forex.Com review.
While there is no deposit fee at forex.Com, the available deposit methods are also important for you. See how forex.Com deposit methods compare with similar online brokers:
forex.Com | oanda | IG | |
---|---|---|---|
bank transfer | yes | yes | yes |
credit/debit card | yes | yes | yes |
electronic wallets | yes | yes | yes |
The average transfer times for the different methods are:
- Wire transfer: 2-3 days
- Credit / debit card and online wallets: instant or a few hours
A minor issue with depositing money to forex.Com is that based on our experience it's not user-friendly compared to similar brokers. This means either that the interface is not user-friendly or that figuring out where and how you have to make the transfer is a bit complicated.
Find out more about depositing to forex.Com on their official website:
Visit broker
79% of retail CFD accounts lose money
Forex.Com minimum deposit
deposit currencies
Each trading account has a base currency, which means that the broker will hold your deposited money in that currency. At some brokers, you can also have more trading accounts with different base currencies. For example, at IG, it is possible to have both EUR and USD-based accounts.
Why does this matter? A currency conversion fee will be charged if you deposit in a different currency than the base currency of the target trading account. It's likely not a big deal but something you should be aware of.
Some online brokers offer trading accounts only in the major currencies (i.E. USD, GBP, EUR and sometimes JPY) and some support a lot more than that.
forex.Com | oanda | IG | |
---|---|---|---|
number of base currencies | 6 | 9 | 6 |
Forex.Com supports the major currencies like USD, GBP and EUR, but does not support minor currencies. If you would deposit in a major currency anyway, then the online broker won't have to convert it. However, if you use a minor currency that is not supported, forex.Com will convert your deposits and you will be charged a currency conversion fee.
A convenient way to save on the currency conversion fee if you wish to fund your brokerage account from a less common currency (or just a currency different from your existing bank account) can be to open a multi-currency digital bank account. At revolut or transferwise the account opening only takes a few minutes after which you can upload your existing currency into your new account, exchange it in-app at great rates, then deposit it into your brokerage account for free or cheap.
Want to stay in the loop?
Sign up to get notifications about new brokerchooser articles right into your mailbox.
Forex.Com minimum deposit
steps of sending the minimum deposit
The specific process of sending your minimum deposit to forex.Com might vary slightly from the following, but generally the process involves the following steps:
Step 1: open your broker account
At most brokers, you can open your trading account online. To open an account, you have to provide your personal details, like your date of birth or employment status, and there is also usually a test about your financial knowledge. The last step of the account opening is the verification of your identity and residency. For this verification you usually have to upload a copy of your ID card and a document that validates your proof of residence, for example, a bank statement.
If you don't know which broker is suitable for you, use our broker selector tool.
Step 2: make the deposit
First you have to sign in to your already opened trading account and find the depositing interface. After this, you select one of the deposit methods the broker supports, enter the deposit amount and make the deposit.
The deposit methods can be one or more of the following:
- Bank transfer (sometimes called wire transfer): you have to add your bank account number in the deposit interface. The bank account has to be in your name. After this, you need to start a bank transfer from your bank. The broker will give you a reference number that you'll have to enter as a comment in your transaction. This will allow them to identify your deposit.
- Credit or debit cards: just as with a normal online purchase, you are required to enter the regular card details. However, unlike any other online purchase, it's required to use a card that's in your name. In some cases, like with IC markets, you'll also need to verify your card by scanning it and sending it to the broker. This is yet another anti-money laundering measure on their end. Card payment is usually the preferred and most convenient way of depositing. On the other hand, some brokers define a cap for card deposits, so for a larger amount you might have to use the bank transfer.
- Online wallets like paypal, skrill, neteller, etc.: it works just like any other online purchase. The interface of the wallet will pop up where you'll have to enter your credentials (username and password) and carry out your transaction.
Step 3: review your transaction
Depending on the method you chose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm the receipt of the deposit.
Visit broker
79% of retail CFD accounts lose money
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.
Forex deposit methods
Paxforex offers easy and secure facilities to perform fast online deposits and withdrawals. We support multiple currencies and a wide range of deposit/withdrawal methods such as bank transfers, credit/debit cards, webmoney, perfect money.
We have made the procedures of funds deposit and withdrawal as simple as it gets.
To deposit funds on the forex trading account you should:
Login to mypaxforex.
Go to page
"deposit/ withdrawal".
Fill deposit forex form
according to the instructions.
All transfers via electronic payment systems are automatic. Transferred funds become available for trading at once.
Bank transfers are made within 24 hours from the moment of receipt of funds to the bank account of the company.
Deposit methods | deposit time | min deposit | fees | |
neteller | 1 hour | 10 USD | 3.2% -3.7% + $0.29 min 1$ | deposit |
bank transfer | 3 - 5 working days | 100 USD | bank commission | deposit |
credit / debit cards | 1 hour | 15 USD | up to $299 3.75%-8.5% +$0.5 (depends on the country) |
Through mypaxforex, our simple and secure online facility, you are able to manage and execute your deposits and withdrawals.
Paxforex supports deposits and withdrawals in all the major currencies and accepts a variety of different payment options including bank wires, credit/debit cards, webmoney, perfect money. By listening to you, and evaluating your needs we are constantly researching and assessing new deposit methods to add to your options.
What is the minimum deposit amount?
Forex minimum deposit allows to open a trading forex account with paxforex and it is $10 or the equivalent amount in your base currency.
Are there any fees?
Paxforex broker does not apply any deposit fees, all fees are made by card processor or by electronic payment systems.
How do I deposit forex? Is it easy?
Just login to mypaxforex and you will see a variety of forex deposit methods for you to use. If you require help in deciding which method to use then you can 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.
Are my funds secured?
Your funds are held in segregated accounts, specially designated as “clients accounts”, with a number of investment grade european banks which are closely monitored. Paxforex has similar capital adequacy requirements to banks.
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.
Funding
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.
What is the minimum/maximum amount I can deposit?
You can deposit a minimum of $100 per transaction if funding by bank transfer or debit card. However, we recommend a minimum $2,500 to allow you more flexibility and better risk management when trading your account.
You can deposit a maximum of $10,000 per transaction if you are funding by bank transfer or debit card. Wire transfers have no restriction on transaction size.
Can I fund with a personal check or business check?
Currently, we are not accepting personal or business checks.
How are my funds protected?
All customer deposits are kept separate from our own operating funds and distributed across a global network of custodian banks. Every bank we use holds an investment-grade rating and is monitored as per the guidelines set by the risk committee of GAIN's board of directors.
What is third-party funding?
A third party is considered to be anyone who is not an owner of the account.
For the purposes of a funding or withdrawal transaction, the name(s) on the FOREX.Com trading account must be an exact match with the name(s) on the account of the other financial institution.
Can I use multiple payment sources to fund my account?
Yes, you are free to use multiple sources at any time to fund your account.
Keep in mind, 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
- Paper check
Excess funds may be withdrawn via bank transfer, wire or paper check. 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.
What should I do if the card I used to fund my account is closed, lost, stolen or not available for withdrawal?
In accordance with our anti-money-laundering policy, we are legally obligated to verify the status of the original funding account before we can process a withdrawal of funds to another source.
In the event that the original funding account is no longer available, you will need to provide us with evidence of its status, such as an account statement or relative document issued by your bank. Documentation must include the following:
- Name of the account holder (must match name on FOREX.Com account)
- Last four digits of account number and/or payment to FOREX.Com
- Language noting the status change of your account
My deposit has been declined. What should I do?
Your bank may decline your transaction for several reasons. These may include:
- Insufficient funds
- Incorrect expiry date
- Incorrect CVC number (the 3-digit security code on the back of your card)
- Invalid card number
- Out-of-date address details
- Suspected fraudulent transaction
To resolve this, you will need to contact your card issuer.
Does FOREX.Com accept western union or paypal?
No, we do not accept payments through western union or paypal.
How will a card deposit appear on my bank statement?
When you deposit funds into your FOREX.Com via a card, it will appear as a purchase.
Why is the amount posted in my account less than the amount I wired?
Your deposit may be reduced by a service fee charged by your bank. FOREX.Com does not charge incoming wire fees.
I funded my account by bank transfer. Why don't I see this amount available for withdrawal or transfer?
Funds deposited by bank transfer are not available for withdrawal until 5 business days after the deposit date.
Can I transfer funds between multiple trading accounts?
Fund transfers are available between linked trading accounts. To link accounts, click the 'link your trading account' button in the summary section of myaccount and follow the instructions. Please allow up to two business days to process your request. You will receive an email with additional instructions once the accounts are linked.
After the accounts are linked, you can click the transfer button in the funding section of myaccount to transfer funds between them.
Why do I need to verify my debit card?
It is our responsibility to adhere to anti-money laundering rules and regulation. For the security of our customers and to reduce fraud, we verify the ownership of debt cards prior to use.
How can I verify my debit card?
The easiest way to validate a debit card is to upload a redacted image of your debt card.
Your debit card image must be redacted and must be limited to the following:
- Cardholder name
- Last four digits of your card number
Some ways to redact information:
- Simply place your finger over the first 12 numbers of the card
- Use opaque tape or paper to cover the first 12 numbers of your card number before taking a picture of your debit card
- Print the image and use a black sharpie to cross out first 12 numbers of your debit card, or
- Use a photo editing application or software to hide the first 12 numbers of your debit card
Debit card images that are not redacted will not be accepted
How long does it take to verify a debit card?
Once you have uploaded your document(s), we will verify them as soon as possible. It may take up to 48 hours to verify your document(s).
Deposit and withdrawal
Choose the most comfortable payment method!
Frequently asked questions
Can I make a deposit in my national currency?
Yes, you can. In this case, the deposit amount will be converted into USD/EUR according to the current official exchange rate on the day of the deposit execution.
How can I deposit funds into my account?
- Open the deposit within the finances section in your personal area .
- Choose the preferred deposit method, select offline or online payment, and click the deposit button.
- Select the account you wish to deposit funds into and enter the deposit amount.
- Confirm your deposit details on the next page.
The FBS payment method is quick and simple. However, note that your payment provider may ask you for some additional steps.
What payment methods can I use to add funds to my account?
FBS offers different funding methods, including numerous electronic payment systems, credit and debit cards, bank wire transfers, and exchangers. There are no deposit fees or commissions charged by FBS for any deposits into the trading accounts.
What is the minimum deposit amount?
FBS minimum deposit varies depending on the trading account you choose. Cent account has the smallest initial deposit from $1, while the minimum deposit required to open the ECN account is $1000.
How do I deposit funds into my metatrader account?
Metatrader and FBS accounts synchronize, so you do not need any additional steps to transfer funds from FBS directly to metatrader. Just log into metatrader, following the next steps:
- Download metatrader 4 or metatrader 5.
- Enter your metatrader login and password that you have received during the registration at FBS. If you didn't save your data, get new login and password in your personal area .
- Install and open metatrader and fill in the pop-up window with login details.
- Done! You are logged into metatrader with your FBS account, and you can start trading using the funds you have deposited.
How long does it take to process a deposit/withdrawal request?
Deposits via electronic payment systems are processed instantly. Deposit requests via other payment systems are processed within 1-2 hours during FBS financial dept.
Business hours: from monday to friday. The maximum time of processing a deposit/withdrawal request via an electronic payment system is 48 hours since the moment of its creation. Bank wire transfers take up to 5-7 bank business days to process.
How can I make a deposit and withdraw funds?
You can fund your account in your personal area, via “financial operations” section, choosing any of the available payment systems. Withdrawal from a trading account can be executed in your personal area via the same payment system that was used for depositing. In case the account was funded via various methods, withdrawal is executed via the same methods in the ratio according to the deposited sums.
FBS at social media
Contact us
- Zopim
- Fb-msg
- Viber
- Line
- Telegram
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.
Funding and withdrawals
How do I fund my account?
You can easily fund your account via credit card, debit card, or wire transfer by logging in to myaccount and visiting the funding page.
Credit or debit card
Min per transaction* | max per transaction | accepted currencies | type | typical processing time | fees** |
---|---|---|---|---|---|
$100 or currency equivalent | $10,000 or currency equivalent | USD, EUR, GBP | visa | immediate | none |
Wire transfer
min per transaction* | max per transaction | accepted currencies | typical processing time | fees** |
---|---|---|---|---|
none | none | USD, EUR, GBP | up to 1-2 business days | none |
*the minimum initial deposit is $100 or currency equivalent. We recommend that you maintain an adequate excess margin balance above your required margin. Maintaining low excess margin levels in your account may prohibit you from trading certain products or lead to undesired liquidations resulting from an adverse market move.
**FOREX.Com does not charge incoming deposit fees. However, your bank may charge a service fee.
Can I fund with a personal check or business check?
No, FOREX.Com does not accept checks as a funding method at this time.
How is my money protected?
We understand that the safety of their funds is of utmost importance to all our clients, so we make funds security a top priority.
Please note that in accordance with CIMA regulation in cayman, FOREX.Com strictly adheres to CIMA client money rules requiring that all client funds be segregated and separately accounted for to protect our client’s assets. As such, FOREX.Com has trust letters in place with all depositories that hold client assets and we perform a daily client segregated funds calculation to ensure all client assets are adequately segregated.
In the unlikely event of a default, all client assets would be protected and the segregated clients would have creditor priority over any and all claims. In addition, FOREX.Com maintains significant excess capital in excess of regulatory requirements, actively reviews and monitors counterparty risk and is governed by a risk committee comprised of senior management members.
What is third-party funding?
A third party is considered to be anyone who is not an owner of the account.
For the purposes of a funding or withdrawal transaction, the name(s) on the FOREX.Com trading account must be an exact match with the name(s) on the account of the other financial institution.
Can I use more than one card to fund my account?
Yes, you may use multiple cards to fund your account. Keep in mind that withdrawals are processed to the original funding methods. Therefore, a single withdrawal request may be processed via multiple cards.
What should I do if the card I used to fund my account is closed, lost, stolen or not available for withdrawal?
In accordance with our anti-money-laundering policy, we are legally obligated to verify the status of the original funding account before we can process a withdrawal of funds to another source.
In the event that the original funding account is no longer available, you will need to provide us with evidence of its status, such as an account statement or relative document issued by your bank. Documentation must include the following:
- Name of the account holder (must match name on FOREX.Com account)
- Last four digits of account number and/or payment to FOREX.Com
- Language noting the change of the status of your account
Does FOREX.Com accept western union or paypal?
No, we do not accept payments through western union or paypal.
How will a card deposit appear on my bank statement?
When you deposit funds into your FOREX.Com via a card, it will appear as a purchase.
Why is the amount posted in my account less than the amount I wired?
Your deposit may be reduced by a service fee charged by your bank. FOREX.Com does not charge incoming wire fees.
How do I withdraw funds from my account?
You can request a withdrawal of funds via myaccount.
The minimum withdrawal amount is 100 of your account's base currency, or the remaining amount if less than 100.
How will my withdrawal be processed?
Deposited funds must be returned to the originating funding source in the following order:
- Credit/debit cards
- Wire transfer
Excess funds may be withdrawn via bank transfer.
Withdrawals
Credit/debit card
processing time* | max withdrawal amount | fees |
---|---|---|
up to 24 hours | $50K or transaction up to the amount funded | none |
Wire transfer
processing time* | max withdrawal amount | fees |
---|---|---|
up to 48 hours | unlimited, once cards deposits are refunded | additional fees may be applied by receiving bank. |
*processing time only reflects the time it takes FOREX.Com to complete the withdrawal during normal business hours. Your bank may take additional time to credit the funds to your account.
How do I transfer funds between my existing accounts?
Please contact client services to initiate this request.
What if I have open positions when I submit a withdrawal or transfer request?
A withdrawal of funds will result in a reduction of funds available to be used for margin to maintain open positions. This may result in the liquidation of any or all of my open positions. It is your responsibility to ensure that the account holds enough margin to maintain open positions.
Guide to the most popular forex trading deposit methods
Before you open a trading account with any forex broker, one of the very first things you should review is what deposit methods they provide for funding your account. There are so many different methods for funding a forex account, but they aren’t all the same in every country. Before investing your time with a new broker, take a quick look at what deposit methods are offered and make sure they are suitable for you.
The problem with forex deposit methods
The online trading industry is considered high-risk by banks, card processors and e-wallets. Because of the high-risk status given to the industry, many reputable payment facilitators limit how many brokers they work with or choose to only cooperate with brokers based on various criteria, like where they are regulated or where their clients are based.
Because of this circumstance, it leads brokers to seek the services of less reliable and more expensive payment providers. Unfortunately, this translates to risk for the clients, that means YOU!
Unfortunately, this phenomenon requires you to be more diligent. You should know which companies your broker is cooperating with to process your payments. There are numerous processors set up and positioned as forex payment processing companies that work exclusively with high-risk industries, like brokers.
Even if your money is insured or protected by an investor compensation scheme, that doesn’t make everything risk-free. If your money isn’t in your trading account, it means you can’t trade – it means you can’t make money.
In this article, we’ll explore some of the most popular forex trading deposit methods. The objective is to familiarise you with the most convenient and reliable funding methods in the forex industry. You need to know that credible financial services companies are processing your transactions.
International wire transfer
Most forex brokers accept deposits and withdrawals via SWIFT and SEPA in various currencies. Although most brokers do offer international wire transfers as a funding method, you should pay attention to the conditions and potential costs. There are over ten thousand banks in the world, and they all have their own characteristics.
Tips for funding a forex account with an international wire transfer
- Make sure the bank account you are depositing to is in the same currency you are sending. If you send GBP to a euro bank account, expect some unfavourable conversion rates applied by the bank.
- Any deposit and withdrawal must always go to or come from a bank account that is issued in your name. If you plan on making what is known as a ‘third party transfer’ you should contact your broker in advance to check if any forms need to be filled.
- Always use the reference number provided by your broker to help identify the transaction belongs to you. A simple step ensures your transfer doesn’t get delayed.
- Wire transfers can take a few days to process; that’s not a great solution if you are hoping to take advantage of an emerging trading opportunity.
- Because banks are highly trusted, you can usually make larger deposits via bank transfer, whereas e-wallets and cards may have limitations.
Credit/debit card
Most brokers will have a relationship with a card processing company. Typically, processors will accept cards issued by visa and mastercard. Others may accept JCB and china union pay as well. Most card processing companies offer white label solutions and work behind the scenes. Try to find out who the card processor is; it can help to decide if you really want to share your card information with that company.
Tips for funding a forex account with card
- The card you use to fund your forex account must be issued in your name.
- Withdrawals could be complicated if you funded your account with a credit or debit card. When you withdraw money, it will need to be refunded back to your card. Refunds can take several days to complete. If you made a profit, the profit would need to be withdrawn to an alternative payment method that you can verify belongs to you.
- Unregulated or offshore brokers may be cooperating with unregulated or reckless card processing companies which can themselves go out of business or be abruptly shut down by authorities. Should that happen, your broker cannot access your deposits or process your withdrawals.
- Any company processing card payments should be certified that they comply with payment card industry standards.
Fund your trading account with e-wallets
Paypal
By now, everyone knows paypal. Historically, paypal has been positioned as an e-commerce solution and steered clear from investment services and cryptocurrencies. After splitting away from ebay in 2015, paypal hadn’t really moved outside of e-commerce. However, paypal recently started to support forex brokers by allowing brokers to use their popular e-wallet as a funding method for their clients.
Skrill
Skrill is an ewallet that will be familiar to any forex trader. Thousands of online trading, betting, gaming and e-commerce companies use skrill as a funding or payment method. Skrill is regulated by the financial conduct authority in the UK and is (at least for the time being) licensed to operate throughout the EU. Skrill is owned by paysafe group which is a publicly listed company on the london stock exchange.
Neteller
Neteller will be another familiar name to forex traders. Neteller is very much like skrill; the two companies used to be competitors. However, they are both owned by the paysafe group. Many brokers offer skrill and neteller side by side. The central bank of ireland regulates neteller.
Tips for funding a forex account with an e-wallet
- If you feel like you don’t entirely trust your broker or the card processing companies they cooperate with, you can connect an e-wallet to your bank card or account to make deposits and withdrawals.
- E-wallets settle funds instantly, which means you can start trading sooner and reduce waiting for withdrawing your money.
- Some e-wallets have very high currency conversion rates, often in the region of 4% to 5%.
- Most e-wallets are multipurpose, which means you can use them for trading forex, shopping online and sending money to friends and family.
Cryptocurrencies
A lot of forex brokers offer deposits and withdrawals via cryptocurrencies. The most common cryptos that forex brokers support are bitcoin, bitcoin cash and ethereum. When you log in to your forex trading account, your broker should generate a unique wallet address for you to send coins. Your broker will assign an address to your account, and this acts as the reference number.
Tips for funding a forex account with cryptocurrencies
- A lot of forex scammers and phishing sites rely on people sending funds via cryptocurrencies as they are easy to set up, hard to trace and impossible to reverse.
- Be careful when initiating the transaction. If you send the wrong coin or enter the wrong address, not only will the transaction fail, but you could lose all of your money.
- Network fees for cryptocurrencies can be unpredictable and volatile. The cost of a transaction can be as little as a few cents and as much as several dollars or more.
Conclusion
When you choose a popular forex broker, make sure they offer account funding methods which are familiar to you. The popular forex trading deposit methods listed in this guide are well known internationally, but that doesn’t necessarily mean they are the best option for you. Many brokers also support local bank transfers in exotic currencies like thai baht, vietnamese dong, nigerian naira etc.
STP forex trading broker
Online fx trading
Currency trading
No requotes & lightning quick execution
Instantly receive a bonus of up to $20,000.
From start-to-finish educational courses
Funds held in fully segregated accounts
SPREADS
SECURITY OF FUNDS
Our customers funds are held in segregated accounts in top-tier european banks. In the unlikely event LQDFX was ever to enter liquidation, our clients funds are secure.
BALANCE PROTECTION
In the event where the market may be volatile and cause a traders balance to enter into negative territory, LQDFX alongside it's liquidity providers will ensure the trader is fully covered.
LQDFX offers a variety of programs in which our partners can benefit from, all of which can be obtained depending on the partners experience, portfolio size and know-how in the forex market.
- INTRODUCING BROKERS
- FUND MANAGERS
- REGIONAL PARTNERS
BECOME A PARTNER
LQDFX now offers a fully-transparent, easy to track and very achievable bonus program. Deposit to your account and instantly receive a bonus of up to $20,000.
- $250 MIN. DEPOSIT
- INSTANT CREDIT
- WITHDRAWABLE
READ MORE
For traders that are new to the market and are looking to become a professional FX trader, LQDFX has the tools to help you succeed; E-books, trading courses & video tutorials are all available.
- BEGINNERS COURSE
- TRADING TOOLS
- TRADING STRATEGIES
READ MORE
Trust company complex, ajeltake road, ajeltake island, majuro, marshall islands MH96960. Financial services provided by LQD limited.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
Risk warning: trading leveraged products such as forex, may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Please read the full risk disclosure
so, let's see, what we have: at FXTM we accept credit cards, e-wallets, and bank wire to make deposits and withdrawals convenient. | FXTM EU at forex deposit methods
Contents of the article
- Top-3 forex bonuses
- Deposits & withdrawals
- Forex.Com minimum deposit
- Forex.Com minimum deposit amount
- Forex.Com minimum deposit forex.Com deposit...
- Forex.Com minimum deposit deposit currencies
- Forex.Com minimum deposit steps of sending...
- XM deposit and withdrawal methods in 2021
- Forex deposit methods
- To deposit funds on the forex trading account you...
- What is the minimum deposit amount?
- Are there any fees?
- How do I deposit forex? Is it easy?
- Are my transactions safe?
- Are my funds secured?
- To deposit funds on the forex trading account you...
- Funding
- How can I fund my account?
- What is the minimum/maximum amount I can deposit?
- Can I fund with a personal check or business...
- How are my funds protected?
- What is third-party funding?
- Can I use multiple payment sources to fund my...
- What should I do if the card I used to fund my...
- My deposit has been declined. What should I do?
- Does FOREX.Com accept western union or paypal?
- How will a card deposit appear on my bank...
- Why is the amount posted in my account less than...
- I funded my account by bank transfer. Why don't I...
- Can I transfer funds between multiple trading...
- Why do I need to verify my debit card?
- How can I verify my debit card?
- How to redact your debt card image?
- How long does it take to verify a debit card?
- Deposit and withdrawal
- Frequently asked questions
- Can I make a deposit in my national currency?
- How can I deposit funds into my account?
- What payment methods can I use to add funds to my...
- What is the minimum deposit amount?
- How do I deposit funds into my metatrader account?
- How long does it take to process a...
- How can I make a deposit and withdraw funds?
- FBS at social media
- Contact us
- Data collection notice
- Funding and withdrawals
- How do I fund my account?
- Can I fund with a personal check or business...
- How is my money protected?
- What is third-party funding?
- Can I use more than one card to fund my account?
- What should I do if the card I used to fund my...
- Does FOREX.Com accept western union or paypal?
- How will a card deposit appear on my bank...
- Why is the amount posted in my account less than...
- How do I withdraw funds from my account?
- How will my withdrawal be processed?
- How do I transfer funds between my existing...
- What if I have open positions when I submit a...
- Guide to the most popular forex trading deposit...
- The problem with forex deposit methods
- International wire transfer
- Credit/debit card
- Fund your trading account with e-wallets
- Cryptocurrencies
- Conclusion
- STP forex trading broker
- Online fx trading