Forex.com Deposit and Withdrawal In Detail | $0 Fees

Pros

Cons

  • Various deposit and withdrawal options
  • Free withdrawals
  • No deposit fees
  • Few account base currencies

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

Credit/ Debit Card

No Fees

Immediate

$100 or currency equivalent

$10,000 or currency equivalent

USD, EUR, GBP

Wire Transfers

No Fees

1 – 2 Business days

No minimum

USD, EUR, GBP

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

 

Forex.com

Bank Transfers

Yes

Credit cards

Yes

Electronic wallet

Yes

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

Method

Fees

Time

Minimum Withdrawal Amount

Maximum Withdrawal Amount

Credit/ Debit Cards

$0

within 24 hours

100

(base currency)

$50K or transaction up to the amount funded

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

  1. 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.
  1. 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
  1. Does Forex.com offer a swap-free account option?
  • es, FOREX.com offers swap-free accounts in certain circumstances.
  1. How can I fund my account?
  • You can easily fund your account by logging in to MyAccount and visiting the Funding page.
  1. Can I fund with a personal check or business check?
  • Unfortunately, Forex.com does not accept checks as a funding method at this time.
  1. Does FOREX.com accept Western Union or PayPal?
  • No, it doesn’t.
  1. How are metals traded?
  • Gold and silver are traded as spot while copper, palladium and platinum are traded as CFD futures.

 



Leave a Reply