- How do I fund my account?
- How do I fund my account with Neteller/Skrill?
- Can I fund with a personal check or business check?
- 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 account is closed, lost, stolen or not available for withdrawal?
- Does FOREX.com accept Western Union or PayPal?
- How will a card deposit appear on my bank statement?
- Why is the amount posted in my account less than the amount I wired?
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|
|Min per transaction*||Max per transaction||Accepted Currencies||Typical Processing Time||Fees**|
|None||None||USD, EUR, GBP||Up to 1-2 business days||None|
Neteller or Skrill
|Min per transaction||Max per transaction||Accepted Currencies||Typical Processing Time||Fees|
|$100 or currency equivalent||$10,000||USD, EUR, GBP***||Immediate||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.
*** currency conversion rates will apply when funding or withdrawing from your Neteller and Skrill e-wallets.
How do I fund my account with Neteller/Skrill?
To fund your account, you will need to have an active ewallet with Neteller or Skrill – you can open your account here:
You will find the options to fund with your e-wallets through the MyAccount portal.
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 status change 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 account 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.