Most broker-related issues stem from their withdrawal process, as many negative reviews detail. While up to 90% of retail traders never reach the withdrawal phase due to trading losses, profitable traders need a trustworthy broker with reliable execution and fast withdrawal times. Forex.com reports a retail loss rate of 72.00%, which ranks toward the lower end of the spectrum. It is also a trusted online broker that honors withdrawal requests.
Our in-depth Forex.com minimum withdrawal review covers everything traders should know, including withdrawal methods, processing times, and fees. Find out how you can withdraw from Forex.com and learn why traders trust the Forex.com withdrawal process. Read more about Forex.com in our up to date Forex.com broker review.
How to Withdraw from Forex.com?
Withdrawing funds from your broker should be as simple as depositing, and financial transactions function similarly to online banking. Traders at Forex.com will make all deposits and withdrawals from the secure back office. While the process follows well-established industry standards, there are notable differences in available withdrawal methods, internal processing times, fees, and supported currencies. All Forex.com traders may use bank wires or credit/debit cards. Some traders get Skrill, Neteller, or PayPal, dependent on their geographic location and regulatory environment. The Forex.com withdrawal screen will only list the ones available to clients.
Among the essential aspects of brokers for withdrawals are their trustworthiness, where Forex.com ranks high, internal processing times, which are a bit slow at Forex.com, and withdrawal fees, where Forex.com does not levy internal costs, but a 0.50% currency conversion charge may apply. Forex.com supports the USD, EUR, CAD, JPY, CHF, AUD, and GBP as withdrawal currencies, but it depends on the payment processor. A currency conversion fee applies if the account base currency differs from the withdrawal currency, for example, requesting a EUR withdrawal from a US Dollar base account.
The Forex.com minimum withdrawal amount is $100 or a currency equivalent unless the trading account has less capital. Internal processing times are between one to two business days, making Forex.com one of the slower withdrawal brokers, but execution for verified accounts is guaranteed. Traders may have to wait three to ten business days to receive their funds, depending on their payment processor and geographic location.
Forex.com Withdrawal Option | Availability |
|---|---|
Bank wires | Yes |
Credit/debit cards | Yes |
e-wallets | Yes |
Cryptocurrencies | No |
Internal withdrawal fees | No (third-party and currency conversion fees may apply) |
Steps for Requesting the Forex.com Minimum Withdrawal
The secure back office of Forex.com handles all financial transactions, including any Forex.com minimum withdrawal. The name of the payment processor account must match the name of the Forex.com trading account per global AML regulations. Only verified trading accounts may request withdrawals. Traders must withdraw the initial deposit via the deposit method and excess capital via bank wires.
Below are the Forex.com withdrawal steps:
1. Log into the Forex.com back office using your username and password.
2. From the web-based trading platform, click on “Add Funds” followed by “Withdraw.”
3. Select your payment processor and specify the withdrawal amount (ensure you have sufficient free margin to cover your Forex.com withdrawal and consider the $100 minimum withdrawal amount).
4. Forex.com may conduct a security check and ask for additional information, which could prolong the withdrawal process. Fully verified accounts that use the same payment processors as their deposit should experience no delay.
5. Internal processing times at Forex.com are one to two business days. Depending on the payment processor and geographic location, traders may have to wait three to ten business days for funds to arrive. Traders will receive a notification from Forex.com upon completion of the withdrawal request, and the payment processor also sends a message once the funds reach the account.
Forex.com Withdrawal Methods – How to Withdraw Your Money
All traders may use bank wires and credit/debit cards. Some countries allow Skrill, Neteller, or PayPal, but availability remains geographically restricted. The secure back office will only list the payment processors traders may use, and only verified accounts may request a withdrawal from Forex.com.
Forex.com supports the following withdrawal options:
- Bank wires (domestic and international)
- Credit/debit cards
- Skrill (geographically restricted)
- Neteller (geographically restricted)
- PayPal (geographically restricted)
The Forex.com minimum withdrawal is $100 or a currency equivalent unless traders have less capital in their Forex.com account types.
Withdrawal Methods - Which Payment Methods are Available for the Withdrawal?
The withdrawal methods depend on the geographic location of traders. Everyone may use bank wires or credit/debit cards if they have verified their Forex.com account in compliance with AML/KYC regulations. Some traders get e-wallet payment processors Skrill, Neteller, or PayPal. The secure Forex.com back office will only list the payment processors clients may use, and Forex.com asks traders to withdraw their funds via the deposit method, at least for the deposit amount. For example, if a trader made a $2,500 deposit via credit card ABC, they must withdraw $2,500 to that card. Forex.com will send any excess amount via bank wire.
Forex.com Withdrawal Fees
Deposits at brokers are usually free of costs, but withdrawals may incur third-party payment processing costs, especially bank wires. Forex.com does not levy internal fees, but a currency conversion fee of 0.50% may apply.
Traders who plan to use their Forex.com withdrawal for follow-on transactions, like paying bills or general consumption, should also check payment processor fees to the final destination of funds. It will provide a complete cost picture and allow traders to calculate the most suitable and cost-efficient option.
Below are the Forex.com withdrawal fees for each withdrawal method (excluding third-party costs and currency conversion fees):
- Bank wires - $0, the Forex.com minimum withdrawal is $100 or a currency equivalent, no maximum
- Credit/debit cards - $0, the Forex.com minimum withdrawal is $100 or a currency equivalent, a maximum between $10,000 and $99,999 per transaction (dependent on the geographic location of traders)
- Skrill - $0, the Forex.com minimum withdrawal is $100 or a currency equivalent, a maximum of $10,000 per transaction
- Neteller- $0, the Forex.com minimum withdrawal is $100 or a currency equivalent, a maximum of $10,000 per transaction
- PayPal - $0, the Forex.com minimum withdrawal is $100 or a currency equivalent, a maximum of $50,000 per transaction
The average withdrawal time for the Forex.com withdrawal methods (excluding third-party payment processor times, which range between instant and ten business days):
- Bank wires - Up to 48 hours
- Credit/debit cards - Up to 24 hours
- Skrill - Up to 24 hours
- Neteller - Up to 24 hours
- PayPal - Up to 24 hours
Forex.com supports the following withdrawal currencies:
- Bank wires - USD, EUR, CAD, JPY, CHF, AUD, GBP
- Credit/debit cards - USD, EUR, CAD, JPY, CHF, AUD, GBP
- Skrill - USD, EUR, GBP
- Neteller - USD, EUR, GBP
- PayPal - USD, EUR, GBP
Noteworthy:
- Traders will pay a 0.50% currency conversion fee if applicable.
- The US Dollar, Euro, British Pound, Swiss Franc, Polish Zloty, and Hungarian Forint are the available Forex.com account base currencies.
Withdrawal Time - How Long Does it Take for the Withdrawal?
Forex.com notes internal processing times between one and two business days, making it one of the slower brokers, but traders can rest assured that Forex.com will process their withdrawal requests. It can take three to ten business days for traders to receive their funds, which depends on their payment processor and geographic location. Bank wires take the longest time, followed by credit/debit cards, but e-wallets usually have instant to near-instant execution time once Forex.com releases funds.
Withdrawal Issues and Delays in Payment
Forex.com only allows verified accounts to withdraw but may conduct additional security checks and verifications. This explains the above-average processing time, which can delay withdrawals, and in some cases, issues may arise.
Some of the most common Forex.com withdrawal issues and delays in payment are:
- Internal processing times between one to two business days for Forex.com to authorize a payment (delay)
- Three to ten business days for funds to arrive (delay)
- Clients request a withdrawal to a different payment processor than for the deposit (delay)
- Incomplete or outdated Forex.com account verification (issue)
- Insufficient free margin (issue)
- Mismatch of the name on the payment processor and the name on the Forex.com trading account (issue)
- Minimum and maximum withdrawal limits for some payment processors (issue)
- Unauthorized account activity (issue)
Forex.com Minimum Withdrawal Bottom Line
The Forex.com minimum withdrawal amount is $100 or a currency equivalent unless traders have less capital in their Forex.com trading account. There are no internal withdrawal fees at Forex.com except for a 0.50% currency conversion cost where applicable, but traders must consider potential third-party payment processing charges. Internal processing times are one to two business days. Traders may have to wait three to ten business days to receive their funds, depending on their payment processor and geographic location.
Bank wires and credit/debit cards, the slowest withdrawal methods that incur the highest fees, are available to all traders. Skrill, Neteller, and PayPal are geographically restricted but have instant to near-instant processing times and the lowest transaction fees. The Forex.com back office will only list the withdrawal methods available to traders, who must withdraw the deposit amount to the same payment processor used for the deposit. Forex.com processes profit capital via bank wires, and the name of the Forex.com account and the payment processors must match. While Forex.com is slower than many competitors in withdrawal processing for the sake of security, it is a trusted broker guaranteed to honor withdrawal requests for verified clients. The Forex.com withdrawal methods include bank wires and credit/debit cards. Skrill, Neteller, and PayPal are available but remain geographically restricted. The Forex.com back office will list all withdrawal methods you can use. The Forex.com minimum withdrawal is $100 or a currency equivalent unless traders have less capital in their Forex.com trading account. To withdraw all your money from Forex.com, you must close all positions and have a cash-only balance in their Forex.com account. You can then request a withdrawal up to the deposit amount to the payment processor used for the deposit and excess funds via bank wire. For example, if you made a $2,500 deposit via credit card ABC and wish to withdraw $3,000, you must place two withdrawal requests. The first is $2,500 to credit card ABC and the second for $500 to their bank account. Withdrawal processing times at Forex.com are one to two business days, but traders may have to wait up to ten business days to receive their funds. It depends on their geographic location and payment processor, where banks are the slowest, followed by credit/debit cards. Skrill, Neteller, and PayPal have instant to near-instant processing times once Forex.com completes a withdrawal request, but their availability is geographically restricted. Forex.com does not charge internal withdrawal fees except a 0.50% currency conversion where applicable. Traders must also consider potential third-party payment processing costs. Forex.com allows verified traders to withdraw and is a trustworthy broker, but processing times are slower than the industry average.FAQs
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