Funding FAQs
- How can I fund my account?
- What is the minimum/maximum amount I can deposit?
- Can I fund with a personal or business cheque?
- How are my funds protected?
- What is third-party funding?
- Can I use multiple payment sources 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?
- My card deposit has been declined. What should I do?
- 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?
- Can I transfer funds between multiple trading accounts?
How can I fund my account?
You can securely fund your account by logging into MyAccount and visiting the funding page. FOREX.com cannot accept deposits from third parties. Please note that you may experience longer processing times if the name on the originating account does not match your FOREX.com account.
There are two easy ways to fund your account:
Credit/Debit Card
You can deposit a maximum of $10,000 (or currency equivalent) per transaction and funds will typically be available immediately for trading, but can take up to 24 hours. The minimum transaction for card deposits is $100 per transaction. We accept Visa and MasterCard. Please be aware that all card transactions are automatically converted to the base currency of your trading account. FOREX.com does not charge fees for incoming card deposits. If you deposit funds from abroad, you may be charged a cross-border fee or currency conversion fee by your issuing bank.
Wire Transfer
There is no minimum or maximum deposit amount for wire transfers. Wire transfers may take up to 1-2 business days for domestic wires and 2-5 days for international wires before they are available for trading. We accept wires in USD and CAD. FOREX.com does not charge fees for incoming wires. However, your bank may charge a service fee. Wire transfers that involve a bank outside of the US may require an intermediary US bank. US intermediary banks may charge a transaction fee.
What is the minimum/maximum amount I can deposit?
You can deposit a minimum of $100 per transaction if funding by credit or debit card. However, we recommend a minimum $2,500 to allow you more flexibility and better risk management when trading your account.
You can deposit a maximum of $10,000 per transaction if you are funding by credit or debit card. Wire transfers have no restriction on transaction size.
Can I fund with a personal or business cheque?
Currently, we are not accepting personal or business cheques.
How are my funds protected?
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.
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 multiple payment sources to fund my account?
Yes, you are free to use multiple sources at any time to fund your account.
Keep in mind, if you have deposited funds using multiple methods you must exhaust the total deposit amounts based in the following order:
- Credit/Debit Card
- Wire
Excess funds may be withdrawn via wire. In the event you add a new bank account to withdraw excess funds, FOREX.com will require evidence of the account by uploading a bank statement.
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 similar 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
My card deposit has been declined. What should I do?
Your bank may decline your transaction for several reasons. These may include:
- Insufficient funds
- Incorrect expiry date
- Incorrect CVC number (the 3-digit security code on the back of your card)
- Invalid card number
- Outdated address details
- Suspected fraudulent transaction
To resolve this, you will need to contact your card issuer.
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.
Can I transfer funds between multiple trading accounts?
Fund transfers are available between linked trading accounts. If you have multiple accounts, they should be automatically linked inside MyAccount. To initiate a transfer, go to the Funding section of MyAccount and follow the instructions. Processing is typically done instantly, but in some cases it may take up to two business days to process your request.