Withdrawals FAQs
- How do I withdraw funds from my account?
- How will my withdrawal be processed?
- How much can I withdraw at one time?
- How do I withdraw excess funds to a new bank?
- How will debit card withdrawals be processed?
- How will wire withdrawals be processed?
- What if I have open positions when I submit a withdrawal or transfer request?
- Why is my card withdrawal request being processed partially or in installments?
How do I withdraw funds from my account?
To withdraw funds, log into MyAccount.
Excess funds may be withdrawn by wire transfer. In the event you added a new bank account to withdraw excess funds, FOREX.com will require evidence of the account by uploading a bank statement.
How will my withdrawal be processed?
Deposited funds must be returned to the originating source. 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Excess funds may be withdrawn via wire.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.
How much can I withdraw at one time?
The minimum withdrawal amount is $100, or all your available account balance (whichever is lower).
You can withdraw a maximum of $50,000 per transaction if you are funding by credit/debit card.
How do I withdraw excess funds to a new bank?
In order to facilitate a withdrawal of excess funds to a new bank, we’ll need to confirm your bank account information. To do this, you will need to provide us with a bank statement that clearly shows the full name on the account. You can upload a copy of the statement by logging into MyAccount and proceeding to Document Upload.
How will card withdrawals be processed?
Credit/debit card withdrawals are limited to the amount of total net deposits, with a per transaction limit of $50,000. Processing by FOREX.com is typically immediate, but the receiving bank may take up to 48 business hours to process. No fee.
How will wire withdrawals be processed?
Wire transfers may take up to two business days to process. Processing time only reflects the time it takes FOREX.com to complete the withdrawal request during normal business hours. Your bank may take additional time to credit the funds to your account.
Please be aware that fees may be applied by the receiving bank that involve a bank outside of the US and require an intermediary US bank. Intermediary banks may charge an additional transaction fee.
What if I have open positions when I submit a withdrawal or transfer 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.
Why is my card withdrawal request being processed partially or in installments?
Because we are required to return deposited funds to their source, this is typically due to the requested amount being larger than your previous deposit(s). For example: Let’s say you deposited $100 and then $200 using your card, and then requested a $300 withdrawal. In most cases, our system will automatically refund the two transactions you had made, therefore you will not see a single transaction of $300, but instead two transactions totaling $300 ($100 and $200). Keep in mind that once this is completed on our side, your card-issuing bank and processor (Visa or Mastercard) may not necessarily process and post all transactions at the same time. Additionally, if multiple debit cards were used to make two or more deposits, the newest deposit(s) will be returned first.