Forex withdrawal time

Top forex bonuses

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

Forex withdrawal time

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When withdrawing part of funds, it is not necessary to close open positions, however, the withdrawn amount can't exceed than the free margin.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.

Forex withdrawal time

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.

Withdrawals

How do I withdraw funds from my account?

To withdraw funds, log into the trading platform and click “add funds” and then select the “withdraw funds” option. Funds must be withdrawn to the originating source of deposit.

Excess funds may be withdrawn by bank transfer or wire transfer.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

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.

How much can I withdraw in one time?

The minimum withdrawal amount is $100, or all your available account balance (whichever is lower).

You can withdraw a maximum of $25,000 per transaction if you are funding by bank transfer, and $50,000 with debit card. Wire transfers have no restriction on transaction size.

How do I withdraw excess funds to a new bank?

In order to facilitate a withdraw of excess funds to a new bank, we’ll need to confirm your bank account information. To do this, you will need to provide us with a bank statement that clearly shows the full name on the account. You can upload a copy of the statement by logging into the platform and accessing myaccount.

How will bank transfer withdrawals be processed?

Bank transfer withdrawals may be up to the amount of total deposits plus any excess funds. There is a $25,000 per transaction limit on bank transfers. Bank transfer may take up to 24 hours to process. No fee.

How will debit card withdrawals be processed?

Debit card withdrawals is limited to the amount of total deposits. There is a $50,000 per transaction limit on debit card transfers. Bank transfer may take up to 24 hours to process. No fee.

How will wire withdrawals be processed?

Wire withdrawals may be up to the amount of total deposits plus any excess funds.

Wire transfer may take up to two business with the US and five business days. A $25 fee is charged within the US, $40 for international wires (including canada). There are no fees for withdrawals greater than $10,000. 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.

Please be aware that fees may be applied by the receiving bank that involve a bank outside of the US and require an intermediary US bank. Intermediary banks may charge an additional transaction fee.

How will paper check withdrawal be processed?

Currently, we are not processing personal or business checks.

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 for 5 business days after the deposit date.

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.

Why is my card withdrawal request being processed partially or in installments?

Because we are required to return deposited funds to their source, this is typically due to the requested amount being larger than your previous deposit(s). For example: let’s say you deposited $100 and then $200 using your card, and then requested a $300 withdrawal. In most cases, our system will automatically refund the two transactions you had made, therefore you will not see a single transaction of $300, but instead two transactions totaling $300 ($100 and $200). Keep in mind that once this is completed on our side, your card-issuing bank and processor (visa or mastercard) may not necessarily process and post all transactions at the same time.

THE SECRETS OF HOTFOREX WITHDRAWAL SYSTEM

BRKV - it is never an easy job for traders to select a nice broker to work with because it has a significant impact on their trading success. In order to help you save your precious time but still have a good result while finding a brokerage, we will review hotforex broker (especially hotforex withdrawal system) in this article, one of the top tier brokerage in the forex world.

The conditions for hotforex withdrawal

Withdrawal conditions

Withdrawals are available from mywallet only. To withdraw funds from your trading account, you can proceed with an internal transfer to mywallet. Go to hotforex.Com/deposit-withdraw/withdrawal-options hotforex will not be responsible for any errors made by the account holder. In order to complete the withdrawal request, you must fill out all fields just like the picture below.

Then, pay attention to each hotforex withdrawal option's condition as below:

Withdrawal options	accepted currency	minimum amount	fees	time
VISA	USD, EUR	$5	none	2 - 10 days
mastercard	USD, EUR	$5	none	2 - 10 days
maestro	USD, EUR	$5	none	2 - 10 days
american express	USD, EUR	$5	none	2 - 10 days
HF mastercard	USD, EUR	$5	none	instantly
neteller	USD, EUR	$5	none	instantly
skrill	USD, EUR	$5	none	instantly
bank transfer	any	$150	depends	2 - 10 days

Other notes

In the first 6 months, you have to withdrawal the same way you deposit. If you deposit via your VISA card, you have to withdraw money back to that VISA card. If you use multiple deposit methods, the amount you can withdraw is based on the ratio between the amounts you deposited. For example, if you deposit $50 via VISA and $100 via skrill, you can withdraw only a third of your balance to your VISA card. The rest has to be withdrawn to your skrill account.

The fees charged for your withdrawal are regulated by the payment gateway vendor. None of that money will be transfered to hotforex.

You have to indentify your information if you want to make withdrawals.

About hotforex

Hotforex is a forex trading services broker that has aligned with many liquidity providers to accommodate any kind of trader. They give access to a wide variety of instruments like currencies, indices… the famous MT4 trading platform is used in their services, you can download it to do your trades or you can try any operating system that enables web-based to work. The company’s spreads are very tight, and it is a rule to attract more clients, furthermore, you can look for higher leverage compare to other intermediaries, applied to all accounts from hotforex micro account to hotforex VIP account. One important thing to take note is that hotforex has very special customer service. The support team can work in many languages and there is always staffs to help you. We must admit that this is one of the most significant client support brokerage.

Exclusive features of trading with hotforex

The reason we should collaborate with hotforex lies on their unique traits that we have listed below for you:

Having been formed in 2010 in mauritius, hotforex has undergone about 10 years of operation.

The cysec regulations and FSCA licenses are applied to hotforex. Plus, it is regulated by DFSA, FCA, and FSA.

Many accounts in global banks will hold your money if you work with hotforex. So, safety is guaranteed.

With over 140 asset selections in 20 markets to choose from: metals, energies, cfds or dealing forex pairs.

Access to the MT4 platform through any operating system with web-based support.

A great amount of accounts gives out advantages for traders: auto, hfcopy, premium, micro, fix, and VIP.

Several accounts with special zero spread for special requirements: zero accounts and “swap-free islamic” account. Besides, HL markets client has a unique PAMM account.

A bunch of deposit/withdrawal methods is assisted.

Hotforex support service works 24 hours every trading day and they can use 27 languages.

Hotforex spreads & leverage

Spreads of hotforex is tight compared to other intermediaries in the forex world. It also provides the fixed spread account for automated traders and scalpers which has the spread just the same as the spread of interbank. The leverage is another thing to take into account. It depends on what account you are using. For instance, the rate of micro account is 1:500, 1:400 for premium and 1:300 for VIP. Traders in the EU region have the biggest leverage at 1:30.

Hotforex premium trader features

Here are some exclusive trading features that you can only find on hotforex platform:

TRADE TERMINAL: professional trading matching and analysis tool.

MINI TERMINAL: designed for traders who want to focus on a specific market which will display profit-taking orders in pips, calculate the size of trading lots compared to a certain amount, in addition mini terminal allows you to place orders quickly through the small windows below, without necessarily opening the trading terminal.

CONNECT: it provides message boards and calendar of economic events and information related to deposit, training materials, or webinar registration provided by hotforex.

SENTIMENT TRADER: market sentiment data taken directly from FX blue labs helps traders see how many people are trading a currency pair.

SESSION MAP: gives you a quick overview of the market through time zones, and also displays an overview of price movements during the current or previous session.

ALARM MANAGER: A personal trading assistant that informs you of various information from account issues, prices, trading psychology to technical indicators .

EXCEL RTD: put real-time account, coupon and price data into excel.

MARKET MANAGER: provides full control of the logo tracking list and all account and order activity; all this information is provided through a very compact window but can summarize the entire price movement.

CORRELATION MATRIX (correlation matrix): provides market information across different time periods, helping to determine the strong or weak low or highest correlation quickly.

CORRELATION TRADER: allows correlation between two symbols, two price charts when placed side by side, along with the current open position and profit for each symbol.

TICK CHART TRADER: displays a variety of stick chart types updated as the selling or buying prices change. The tool also allows super-fast entry using single clicks or keyboard shortcuts.

Customer support

Experienced client support can help you out with up to 27 languages and it is available 24 hours all trading days through email, skype, phone or live chat. The site is created to bring you many educational materials so that you can learn more about the forex market and actually begin your career.

Conclusion

For the past few years, hotforex has become one of the best forex brokers and it is agreed by many traders. It is because of the competing spreads and leverage, dealing platform for all operating systems, adaptive fees for EA enthusiasts and scalpers, and very good client support team. Therefore, we believe hotforex can meet all your demands and help you in your trading forex road.

Mario draghi

Hey, I’m mario draghi. I’m a writer currently resided in thailand. For my forex experience, I have been working with brokers and trading for 5 years. Hope that you'll enjoy my articles about all forex-related matters.

South asian airlines are about to launch blockhain payment

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.

How to redact your debt card image?

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).

Forex brokers with best money withdrawal options in 2021

The best and most exciting thing about forex trading is, of course, to withdraw your profit from the forex broker. Say you have been trading, made a considerable amount of profit and now you want to spend your profit. In order to be able to do it, first you have to get your money back from the broker. To withdraw money from your forex account is very straightforward in general but does require you to take few steps.

Forex brokers with best money withdrawal options

Forex.Com

Forex.Com is owned and operated by an industry giant; GAIN capital holdings who has been around for more than 20 years. Forex.Com is registered and regulated by CFTC, NFA and CIMA. The broker accepts clients from the US. Investors can deposit and withdraw funds by credit card, bank card and wire transfer. Digital wallets are going to be available soon.

Money withdrawal options: credit card, bank card, wire transfer

XM

XM puts more than ten methods of deposit and withdrawal under disposal of its clients. In addition to international bank transfer and credit card which has become industry standards as deposit and withdrawal methods, XM clients can use various other methods. Those methods include neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort and western union. One important detail which makes XM even more favorable is that the broker covers international wire transfer commission of its own part which considerably reduces the withdrawal cost.

Money withdrawal options: wire transfer, credit card, neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort, western union

Fxpro

Regulated by FCA,cysec and SCB, fxpro is headquarted in london and one of the most prominent forex brokers in the industry. Traders who open an account at fxpro can withdraw and deposit funds through credit card, international bank transfer (SWIFT), paypal, skrill, neteller and china unionpay.

Money withdrawal options: wire transfer, credit card, paypal, skrill, neteller, unionpay

Hotforex

Established in 2010 and headquartered in cyprus, hotforex is an award winning forex broker that offers a wide range of account types and trading instruments. The broker is pursuing a policy of providing the most convenient and advantageous trading conditions for the traders. You can deposit money in hotforex using credit or debit cards and bank wire transfers. Apart from that hotforex also accepts skrill, neteller, fasapay, sofort, mybitwallet, ideal and webmoney.

Money withdrawal options: wire transfer, credit card, skrill, neteller, fasapay, sofort, ideal, webmoney, bitcoin

Exness

Exness was founded in 2008 in russia and has grown into one of the most popular forex brokers in europe since then. The company is regulated by cysec in cyprus and FCA in UK. Having a wide array of payment methods, transacting money on this brokerage platform is pretty easy and quick.

Money withdrawal options: wire transfer, credit card, skrill, neteller, webmoney, perfect money, sticpay, jeton wallet

Choose the withdrawal option

When it comes to withdraw your profit from forex brokers, the methods are not scarce including credit card, wire transfer, paypal, neteller, skrill, western union, bitcoin to name a few.

I usually go with wire transfer when withdrawing my profit. Nevertheless it comes with some caveats. Wire transfer is recommended if only you are going to withdraw an amount over a thousand. Otherwise the bank transfer fees are going to eat up your hard earned profit. Bear in mind that when you choose to get your money back through wire transfer, you are going to get double charged (once by the bank in where your forex broker is located and again by your local bank). The fees could range from $50 to $100 in total. The certain amount completely depends on the bank the broker is working with and your local bank. International wire transfer fees charged by some US banks are explained in this article.

My second favorite option to withdraw funds from forex account is credit card. Again there are some caveats. Some forex brokers don’t allow you to withdraw more than what you deposited with the same credit card. When you deposit $1000 to your forex account using credit card, you can only withdraw an amount up to $1000 by the same card. So you will have to choose another withdrawal method to transfer your profit.

Though I haven’t used so far, other popular methods are digital wallets like neteller, skrill, paypal. Forex brokers don’t charge extra fees to withdraw money by digital wallets however those services apply their own fees when you want to transfer money from the wallet to your bank account.

Submit your withdrawal request

After you decided the best transfer option for you, you have to submit your withdrawal request. Forex brokers used to demand clients to print out a withdrawal form then fill, sign and forward it to the broker by mail or e-mail.

However nowadays you don’t have to go through this cumbersome process. Majority of the forex brokers provide clients with a username and password for the client portal where they can submit their money withdrawal request in just seconds.

Just log in to the client portal, navigate to the money withdrawal section, fill the online form and click the submit button. Congratulations!

An important caveat is that some forex brokers do not require clients to verify their account till to the point they wish to withdraw funds from their account. If this is the case for the broker that you are trading with, you will need to verify your forex trading account by loading proof documents for ID and address. However, you will have always the chance to verify your account upon registration in case you do not want to worry about the last minute rush.

Wait until your fund is transferred to your bank account / credit card / digital wallet

It ranges between one to three business days depending on the forex broker and withdrawal option you used. Wire transfer and credit card transfers could take up to three business days. Though I remember several times that I received the funds same day when I used wire transfer as the transfer option. The commission and fees are not fixed for wire transfer. Since there are three banks involved at a wire transfer transaction, it is hard to know the exact amount that is going to be charged as commission. However, based on my experience, I can say that it should range between $30 and $100.

Digital wallets such as skrill and neteller has a different commission and time schedule. First time you incur any commission is the moment you withdraw funds from your trading account. The rate changes between %3 and %2 of the amount you like to withdraw. It takes fews days between the time that money leaves your trading account and arrives at your digital wallet. Second time you will get charged is the moment you transfer the money from your skrill account to your bank account. That is another %3 – %2 commission.

Wire transfer is my preferred withdrawal and deposit method. I use digital wallets only if wire transfer is not among the methods offered by the forex broker. Credit card is fast and more reasonable than any other withdrawal and deposit method. Nevertheless, I shall kindly point out that in the case you choosed credit card as a withdrawal method, you can only withdraw the amount you deposited by the same credit card. Therefore, you will have to use another method in order to be able to withdraw your profit.

Warning! Fair forex is an offshore company! Your deposit may be at risk.

RECOMMENDED FOREX BROKERS

Fair forex (fairforexfx.Com) might seem to possess some potential, however there are certain obvious limitation that stop t from succeeding. Read on to find out more.

The only evidence of a registration is an address in st. Vincent and the grenadines, but we assure you that fair forex is not regulated there because of the fact that this country does not regulate the forex market. And even if a company is registered there it does not connote that it is regulated in any way. Since we could not find any proof of a license we must conclude that fair forex is UNLICENSED.

We did not open an account because the captcha only gave us errors, even though we wrote exactly what was required of us. However, we did open a demo account.

Note that while opening an account we saw a section wanting an “agent reference number”. This is a reference to a very popular scam that unregulated brokers ensue. Users that have provided real contact details via phishing adds, or similar methods of retaining contact info. Should users provide a real phone number they will be, without a doubt, called by the broker’s representative whose one and only goal is to push you to make an initial deposit by providing yo with a reference number. Perhaps that is the only way to register a live account? Anyway after a first deposit is done the first stage of the scam is complete- the pitchers have won themselves a hefty commission. After the pitchers are done with you, the retainers, or so called “personal account managers” will charm and manipulate you into funding your account with much larger sums of money ($10 000…), because, as they will claim, that is the only for you to profit in the tens of thousands. From there you money will be forever lost.

Continuing with the trading conditions taken from the demo account, even though opening a demo account, we still had no access to a trading platform. The website gives us a spread of 0.8 pips on overage for the standard account. As mentioned, we do not trust this.

The leverage is capped at 1:400.

The tradeable assets allegedly are forex pairs, indices, crypto, and commodities.

The languages are limited only to english.

The missing MT5 platform might have something to do with the aforementioned scam, where the trader must be contacted in order to be presented with proper trading instrument, that, however, serve only as intensives to deposit more.

If the MT5 was made available, users would have seen that it comes with increased time frames, more pending order types, the inclusion of an economic calendar, and so much more. The platform comes with all its predecessor’s features: eas, VPS, one click trading, level2 plugin, and many more handy functions to improve the level of trading in virtually every aspect. Overall, a superb package.

FAIR FOREX MINIMUM DEPOSIT

User can deposit via one of the following: bitcoin, credit card, paypal, wire transfer within the US (probably fake or completely illegal), zele, and demo gateway.

The minimum deposit amount is $1. Or in other words, there is no minimum funding amount.

Due to the broker’s lack of an authoritative regulation, we advise against depositing any amount whatsoever. If traders wish to invest in online forex, they will find that any FCA/cysec regulated broker will surely do. These agencies are at the top of their game, demanding a strict conduct from brokers, and requiring regular reports on their activities.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The three digit CVV code is essential to making purchases or completing transactions online. By handing this info to someone claiming to be a broker, your are exposing your savings to the biggest risk of all!

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Anydesk and teamviewer softwares are double edged. For one, you provide complete access to your computer to someone else who, essentially, takes over as the new user. This can be helpful if the person with access is a friend, colleague, or acquaintance; or it can be devastating to your private information, including bank info, if you provide entry to someone with a shady background. Hence the double edge. Note that these softwares are 100% legal meaning that your approval will be needed if someone is to tinker inside your PC.

FAIR FOREX WITHDRAWAL TIME AND FEES

The withdrawal section looks identical to the depositing ones, and there is nothing to suggest any waiting time or fees.

For this reason we turned to the terms and conditions. There the processing time is said to be 1 day. There are no withdrawal fees indicate anywhere.

ADDITIONAL FEES AND TAXES

The broker clearly charges fees, as indicated by the following clause, yet it does not disclose the amount or the specific conditions that must be met in order for the charges to ensue.

Next is a collection of multiple clauses, some of which he will not include, that indemnify the broker, and bind the user to pay for all costs associated with the enforcement of the terms and conditions.

Unlicensed brokers utilize smartly crafted tactics to keep you as invested as possible into their schemes of deception. The broker will probably refuse to return your money by constantly postponing your withdrawal. Either the broker will find a loophole in the terms and conditions that is completely made up, will firmly advise you against withdrawing, or they will ask more deposits needed if one wished to withdrawal. Scammers come up with additional fees and taxes for the sole purpose of keeping you on stand-by, and to deplete as much money from you as is possible.

ACCOUNT VERIFICATION

Traders will sooner or later realize that something is a foot. Filing for a chargeback might not be as easy as it seems if, beforehand, the user has given away a copy of his ID and proof of address to the unlicensed broker. With these in their possession the broker can easily refute any claims you might have against them.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/cysec regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The only way to recover is by filling for a charge back, and hoping it’s not too late.

If you have given a CVV code to the broker, be sure to cancel your credit card as soon as possible, because the broker will not delay with draining every cent from it.

At some point or another you might stumble upon a “recovery” agent or agency that promises to retrieve all your money back. This sounds all too good to be true, and that’s because it isn’t. Before proceeding with the recovery they will ask a payment for their services. If you chose to indulge them, they will disappear with the money without a hint of remorse.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Fair forex is a scam, there is no doubt about that. If you deposit, you will not be able to withdrawal any money back, and on top of that, you will have to pay more! Stay away!

RECOMMENDED FOREX BROKERS

FX C M is a broker to behold. There are few that are able to maintain such an institution; and that’s just what this is, an institution. Yet, F X C M cannot be all perfect. Can it?

F X C M markets limited, and all its subsidiaries, are owned by the F X C M group holding company. The holding company is based in london. The companies that form F X C M group are regulated in several different jurisdictions around the world. It takes its regulations very seriously, as you will see down below.

Forex capital markets limited (FXCM LTD) is strictly regulated by the FCA in the UK. The FCA strives to enforce strict industry standards, requires detailed reports from the company, and generally oversees that F X C M limited ’s activities are within the boundaries of the law. FXCM is a member of the investors compensation fund allowing for client compensations of up to €85 000 if the broker cannot meet its obligations to the trader.

In australia, FXCM australia pty. Limited is regulated by the ASIC, or the australian securities and investments commission. The main goals of this institution are to enforce financial laws when need be, and serve the australian public and their financial lives.

In france, the company operates by being registered by the paris trade and companies register. The business goes by the name FXCM france. FXCM france is under the direct regulations of both the ACPR (autorité de C ontrôle P rudentiel et de R ésolution) and AMF (rules of conduct and principles of implementation), fighting money laundering and fraudulent activities within the financial sector in france.

The last subsidiary is FXCM south africa (PTY) LTD, as authorized by the financial services provider (FSP) and regulated by the financial sector conduct authority (FSCA). The regulatory agency aims to promote fair customer treatment, but above all else to maintain a stable financial market for the institutions under its governance.

The typical spread for EUR/USD is 1.2-1.3 pips, with the default account, while active trader account holders will be issued with a 0.1 pips spread including a commission, but more on that later in the review. Traders outside the jurisdiction of ESMA imposed rules (max, leverage 1:30 in EU and UK), are defaulted to a leverage of 1:400 on forex currency pairs and 1:200 on CFD’s.

Assets at F X C M markets limited are, by industry standards, sufficient yet with a company this size it’s surprising that there aren’t more variations. The following are the instruments of trade currently on show at F X C M markets limited: F orex currency pairs, indices, commodities and crytpo currencies.

F X C M markets limited proves its stature as a global broker by the sheer amount of supported languages: UK english, canadian english, australian english, south african english, chinese, german, french, italian, spanish, greek, filipino, indonesian, malay, vietnamese, arabic and hebrew.

The broker comes with a handful of trading platforms. Metatrader 4, ninjatrader, and zulutrade are here to satisfy, but it’s the company’s own trading station that’s publicized most.

Metatrader 4

As a leading trading platform, MT4 has become a household name. F X C M has adapted MT4 as its primary platform by offering some great features: micro lots, automated trading bots, 500 individual orders per account, VPS’s (virtual private servers), customizable trading indicators, and much more. F X C M also has included algorithm trading that helps traders get the best trading strategies using complex mathematical algorithms.

Using the classic account, the spread for EUR/USD will range from 1.2-1.3 pips, while the maximum leverage is 1:400 (1:30 for EU and UK, as imposed by ESMA)

Active trader account holders will have access to a much smaller spread of 0.2 burdened with a commission of $5 ($2.5 per side) for 1 standard lot. This rises the actual spread from 0.2 to 0.7 pips. Not a considerable change, but a change nonetheless.

Get access to your MT4 account from any phone or tablet (android/ios), as well a desktop version. There is no browser MT4 currently in operation.

Trading station

This F X C M developed by platform is highly interactive and informative. The design is smooth, and there is just about everything a trader wants out of a trading terminal. There is an abundance of chart tools, real volume indicators- to allow for more efficient trading-, automated trading strategies, and a cloud virtual storage space for accounts and chart settings, and a helpful zoom feature. Plus, there is the ability to utilize algo trading- complex mathematical equations being calculated by sophisticated systems in order to give you the best strategies.

The average spread is 1.2 pips, while leverages go as high as 1:400 (1:30 for EU and UK, as imposed by ESMA).

Holders of active trader account type (0.2 pips) will be commissioned with $5 ($2.5 per side) for every standard lot. This raises the active trader spread from 0.2 pips to 0.7 pips. Have this in mind.

The good news is that trading station can be used on a browser and as a standalone desktop software, plus it comes with mobile and tablet version too.

Ninja trader

Ninjatrader does not shy away from features, meaning that is has all that traders and brokers have come to expect from this type of platfo r m. It comes with an array of clean and customizable charts, great design choices, drawing tools and over 150 analytical tools. Traders can take advantage of ninjatrader’s automated trading interface for full automated trading strategies. Even more, algo trading will allow them to take advantage of sophisticated mathematical equations resulting in better strategies.

Ninjatrader spread average s about 1.2 pips for EUR/USD, and 0. 7 pips for active trade account holders (commission included ). The leverage can be as high as 1:40 0, and 1:30 in the EU and UK because of ESMA requirements .

A t the time of writing this review ninjatrader comes only as a desktop version , meaning no phone, tablet or browser forms are supported.

Zulutrader

Zulutrader is essentially an online platform for copying more advanced traders, and in so doing traders can build their own portfolios . With hundreds of different signal providers , zulutrade has introduced a sorting feature that will make things easier when the time for choosing has come. At their end, signal providers get compensated by 0.5 pips when a lot is traded using their strategy, i.E they are motivated to provide good strategies .

Z ulutrader is available fo r tablets and smartphones. Get the desktop version as well, or if that’s not your thing there is a web based version as well.

FXCM MINIMUM DEPOSIT

(the website is vague when it comes down to deposit and withdrawal information)

T he minimum deposit is 50 in all currencies.

The funds in an account will be one from the following: GBP, USD, EUR, CHF

Clients of F X C M can deposit using a number of common methods: debit and credit cards, bank wire, skrill, neteller, union pay.

It takes around 1 business day to make a deposit via credit or debit card, skrill or neteller. For bank wire it’s usually 1-5 working days.

T here are no deposit fees.

FXCM WITHDRAWAL TIME AND FEES

Withdrawal methods are limited to say the least when compared to other global brokers: credit or debit card, bank wire , skrill.

Usually skrill withdrawals are instant. Bank wire can take up to 5 business days, while credit/debit cards can take up to a billing cycle. As always, once the withdrawal request has been processed by the firm it’s up to the payment system to transfer the money to your personal account in the time they need to do so.

The only withdrawal charge, by the broker, is a $40 fee when using bank wire. By using all other methods, traders can be eligible for a payment system charge.

BOTTOM LINE

For a broker of this stature there are certain limitations that raise questions. The small number of deposit/withdrawal methods for instance, or the small number of account types. Yet we are impressed by the volume of features and options this broker gives us. We recommend it to all.

Brokers with fast withdrawals

Are there brokers with fast withdrawal an experiment, for the fastest withdrawals, read our review.

What distinguish a reliable broker from the "kitchen"? Right, a quick withdrawal. You did a good job and deserve to your money received into a bank account as soon as possible. When a broker starts to hinder the withdrawal of your funds, offering to send additional documents or scan of credit card, this is direct evidence that there is "kitchen". Of course, you need to keep in mind that verification of your documents is a prerequisite for any reliable broker. But when the verification has already been passed, and the broker requires all new and new documents, then it is just an excuse for you not to pay your hard-earned money.

Forex brokers with fast money withdrawal 2021

We have prepared for you TOP brokers with fast withdrawal. For the purity of the experiment, we took brokers with withdrawal to online payment systems. The withdrawal was carried out three times at the same time on all brokers participating in the experiment at different hours and days of the week, excluding weekends. We do not recommend you to order a withdrawal on weekends and holidays, as finance departments of the brokers and banks through which payments are made, only work on weekdays. As a result, we obtained the following results:

Roboforex. First place in our ranking of brokers with fast withdrawal is roboforex ( reviews ) – on if you took about 1-3 minutes, and as representatives of a broker, applications for withdrawals are processed, even at night and on weekends. In addition, roboforex offers two days per month to withdraw funds without a fee. Also, roboforex in 2021 supports withdrawals through bitcoin and ETH, the withdrawal speed is few hours;

Freshforex. In second place freshforex – withdrawal is carried out within 5-10 minutes without commissions;

Forex4you. Withdrawal with the broker forex4you takes about 20-30 minutes;

Amarkets. Another broker amarkets with fast money withdrawal – from a few minutes to an hour;

Alpari. The average withdrawal time in alpari takes from several minutes to 6 hours. The first withdrawal will call you on the cell phone to clarify the amount of output, then processing of applications will be faster.

So, let's see, what we have: how do I withdraw money funds from my account? To spend your profits, you must withdraw them from your forex brokerage account. This process is usually straightforward but does require a few steps. At forex withdrawal time