Knowledge Center

Fund Management

Deposits

How do I fund my account?

You can easily fund your account by logging in to My Account and visiting the Funding page.

We accept funds by credit or debit card, wire transfer, or Sofortbanking. For fast and easy account funding you can link a credit or debit card to your FOREX.com account through MyAccount.

Credit/Debit Card

Min per transaction** Max per transaction Accepted Currencies Type Typical Processing Time Fees
£30 or currency equivalent £10,000 USD, EUR, CAD, JPY, CHF, AUD, GBP

All credit/debit card transactions are automatically converted to the base currency of your account.
Visa, MasterCard, Maestro, JCB Within 24 hours FOREX.com does not charge any fees for incoming card deposits.

However, if you deposit funds from abroad, you may be charged a cross-border fee or currency conversion fee by your issuing bank.

Sofortbanking*

Min per transaction** Max per transaction Accepted Currencies Typical Processing Time Fees
£125 or currency equivalent £10,000 EUR, GBP, CHF Up to 1-2 business days None

Wire Transfer

Min per transaction** Max per transaction Accepted Currencies Typical Processing Time Fees
None None USD, EUR, CAD, JPY, CHF, AUD, GBP Up to 1-2 business days FOREX.com does not charge incoming wire fees.

However, your bank may charge a service fee. Wire transfers may require an intermediary bank. Intermediary banks may charge a transaction fee.


** The minimum initial deposit is £250 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.

* Sofortbanking is available in UK, Germany, Austria, Switzerland, The Netherlands, and Belgium only.
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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 method(s).  Therefore, a single withdrawal request may be processed via multiple cards.
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Do you accept Western Union or PayPal?

No, we do not accept payments through Western Union or Paypal.
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How will a deposit via a card appear on my bank statement?

When you deposit funds into your FOREX.com via a card, it is considered a purchase.
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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 anti-money laundering policy, we are legally obligated to verify the status of the account before we can process a withdrawal of funds to another source.

In the event the account is not long available, you will need to provide us with evidence of the account's 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 to the status of your account
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Why is the amount posted in my account less than the amount I wired?

Your deposit may be reduced by the service fee charged by your bank.  FOREX.com does not charge incoming wire fees.
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Can I fund with a personal check or business check?

No, FOREX.com does not accept checks as a funding method at this time.
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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.
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Transfers

Can I transfer funds between my existing accounts?

Yes, you can transfer funds between multiple accounts of the same trading platform, such as two FOREXTrader accounts.  Simply log in to MyAccount and follow the instructions.
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What if I have open positions when I submit a withdrawal 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 your open positions. It is your responsibility to ensure that the account holds enough margin to maintain open positions.
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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.
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Withdrawals

How do I withdraw funds?

You can request a withdraw of funds via MyAccount.
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What if I have open positions when I submit a withdrawal 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 your open positions. It is your responsibility to ensure that the account holds enough margin to maintain open positions.
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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 anti-money laundering policy, we are legally obligated to verify the status of the account before we can process a withdrawal of funds to another source.

In the event the account is not long available, you will need to provide us with evidence of the account's 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 to the status of your account
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How will my withdrawal be processed?

Withdrawal requests can be submitted through My Account and are processed in the order funds were received. 

Funds are returned to the originating account in the following order:
  1. Credit/Debit Card 
  2. Sofortbanking 
  3. Wire Transfer

Withdrawals

Credit/Debit Card

Processing Time Max withdrawal amount Fees
Typically with 48 hours Up to the amount funded None

Sofortbanking*

Processing Time* Max withdrawal amount Fees
Typically with 48 hours Up to the amount funded None

Wire Transfer

Processing Time Max withdrawal amount Fees
Typically with 48 hours Unlimited, once cards deposits are refunded See fees table below


*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 see the matrix below for a summary of wire transfer withdrawal fees. Please note, trading account balances over the stated threshold are entitled to five free withdrawals per month.

Wire Withdrawal Transfer Fees and Waivers

Currency Wire withdrawal fee Fee waiver threshold Free wires per month
GBP £0 n/a n/a
EUR €15 €10,000 5
USD, CHF & AUD 25 (base currency) 10,000 (base currency) 5
JPY 2000 JPY 1,000,000 JPY 5
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