Funding and Withdrawals

You can easily fund your account via credit card, debit card, wire transfer or cheque by logging in to MyAccount and visiting the Funding page.

Credit/Debit Card

Wire Transfer

Cheque

*We encourage a minimum initial deposit is $2500 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.

FOREX.com accepts paper cheques drawn on CAD or USD accounts only.

Funds sent via personal or business cheque take 5-10 business days (from date of receipt) to clear and be credited to client's trading account, according to our banking partner's posted schedule. This can vary depending on the bank and province of issue. Cheques from foreign banks may take several weeks to clear.

Please make all cheques payable to FOREX.com.

Mail cheques to: 
CAD
GAIN Capital - FOREX.com Canada Ltd.
C/O TX4035C
PO Box 4590, Station A
Toronto, Ontario M5W 7B1

USD
GAIN Capital - FOREX.com Canada Ltd.
C/O TX4035U
PO Box 4590, Station A
Toronto, Ontario M5W 7B1

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.

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.

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.

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

No, we do not accept payments through Western Union or Paypal.

When you deposit funds into your FOREX.com via a card, it will appear as a purchase.

Your deposit may be reduced by a service fee charged by your bank. FOREX.com does not charge incoming wire fees.

You can request a withdrawal of funds via MyAccount.

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.

Deposited funds must be returned to the originating funding source in the following order:

1. Credit/Debit Cards
2. Wire Transfer

Excess funds may be withdrawn via Bank Transfer or Cheque.

Withdrawals

Credit/Debit Card

Please contact client services to initiate this 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.