- يوليو 12, 2021
- Posted by: ForexTradeOn
- Category: Forex.com
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Pros |
Cons |
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Introduction
Forex.com is a forex and CFD broker that’s originally owned by StoneX Group. It’s founded in 2001 in New York, USA. and have customers from over 140 countries around the world. Forex.com is also regulated by top-tier financial authorities, including FCA, the Financial Conduct Authority in the UK. The broker has over 4,500 trading instruments including forex, CFDs and commodities. With a minimum deposit of $100, Forex.com becomes one of the best choices to start trading with.
Account Currencies
The Forex.com account has only 3 currency options which are EUR, USD, and GBP.
Notes:
- You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.
- If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.
Deposit
Forex.com supports depositing using different methods such that:
- Credit/ Debit cards
- Neteller
- Skrill
- Wire Transfers
Fees
Forex.com charges no deposit fees on all funding options including bank transfers. Please, note that your bank may charge you with additional fees on wire transfers.
Time
All funding options occur immediately, except for the bank wire transfers that may take 1 to 2 business days.
Forex.com Deposit
|
Method |
Fees |
Time |
Minimum Deposit Amount |
Maximum Deposit Amount |
Accepted Currencies |
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Credit/ Debit Card |
No Fees |
Immediate |
$100 or currency equivalent |
$10,000 or currency equivalent |
USD, EUR, GBP |
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Wire Transfers |
No Fees |
1 – 2 Business days |
No minimum |
– |
USD, EUR, GBP |
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Neteller/ Skrill |
No Fees |
Immediate |
$100 or currency equivalent |
– |
USD, EUR, GBP |
How to deposit in your account?
You can deposit money into your account by logging in to MyAccount and visiting the Funding page.
Withdrawal
You can withdraw from Forex.com using:
- Credit/ Debit cards
- Neteller
- Skrill
- Wire Transfers
Forex.com withdrawal methods and fees
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Forex.com |
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Bank Transfers |
Yes |
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Credit cards |
Yes |
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Electronic wallet |
Yes |
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Fee |
$0 |
Fees
Forex.com charges $0 fees on withdrawals using any withdrawal option. Please note that the minimum withdrawal amount is 100 of your account’s base currency, or the remaining amount if less than 100.
Time
The withdrawal time for each option is as the table shows below.
Withdrawal – Fees and Time
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Method |
Fees |
Time |
Minimum Withdrawal Amount |
Maximum Withdrawal Amount |
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Credit/ Debit Cards |
$0 |
within 24 hours |
100 (base currency) |
$50K or transaction up to the amount funded |
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Wire Transfers |
$0 (note that your bank may charge you with additional fees) |
from 1 – 2 business days |
100 (base currency) |
Unlimited, once cards deposits are refunded |
How to withdraw your money from Forex.com?
You can go to ‘MyAccount’ then withdraw your earnings easily..
Note:
For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.
FAQs
- Does Forex.com give a bonus?
- Yes, Forex.com offers a welcome %20 bonus of the first deposited amount up to $5,000 in the first 14 days.
- Where is my money held?
- Your money is held with top-tier banks and Forex.com ensures that your money remains segregated from the assets of the bank
- Does Forex.com offer a swap-free account option?
- es, FOREX.com offers swap-free accounts in certain circumstances.
- How can I fund my account?
- You can easily fund your account by logging in to MyAccount and visiting the Funding page.
- Can I fund with a personal check or business check?
- Unfortunately, Forex.com does not accept checks as a funding method at this time.
- Does FOREX.com accept Western Union or PayPal?
- No, it doesn’t.
- How are metals traded?
- Gold and silver are traded as spot while copper, palladium and platinum are traded as CFD futures.