Here is an all-in-one explanation for everything you need to know about FXCM withdrawal methods and fees, also how to solve FXCM withdrawal problems.
FXCM is one of the best online forex brokers in the world. Although it has lost much in the aftermath of the 2015 SNB Black Thursday incident, FXCM still reigns supreme as traders' favorite due to many reasons. Small initial deposit requirements, popular Trading Station, and many others.
Are you interested to join FXCM? One of the more important steps in online trading is getting to know every process needed to get your money back, a.k.a. how to withdraw your fund from your broker.
You have to make sure that your broker's withdrawal method could be accessed from your country. You also have to know how to handle any glitches that may happen in the future. So, here's an all-in-one explanation for everything you need to know about FXCM withdrawal methods, fees, and more.
How do I withdraw money from FXCM?
FXCM offers a range of funding and withdrawal methods for their clients, but it may differ for each domain. FXCM.com offers withdrawal through debit card and bank wire. While FXCM EU provides more options, including:
- Credit or Debit Card
- Bank Wires
- SEPA (only for EUR-denominated account and EU-resident bank account)
- BACS (only for GBP-denominated account and UK-resident bank account)
A variety of withdrawal options via Neteller and other online payment processors may also available through each client's MyFXCM. See your client area after you registered.
Alpari International is one of the largest forex brands. They always try to work hard to make sure traders make the best trading and investment decisions. Established on 24th December 1998, Alpari has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia's history.
During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).
This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.
The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.
Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.
A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.
Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.
Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.
This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.
Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.
For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.
Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.
All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.
It is important to note that not all FXCM withdrawal methods may be available for you. Accounts funded via credit or debit card will be required to receive withdrawals via the exact same credit or debit card.
To withdraw your money from FXCM, first log into MyFXCM. Click on "Withdraw Funds", then create your withdrawal request by filling in the online form. You have to select your preferred withdrawal method, provide details of your bank account and other requirements depending on your preferred method, then submit it.
How long will it take for FXCM to process my withdrawal?
FXCM will process withdrawal requests within 3-4 business days. However, it could take several more days for the funds to arrive at your bank account. Your chosen payment method may determine how fast your money arrives.
Withdrawal through debit/credit card could be instantaneous. But it may also take up to one billing cycle to post back the principal amount (deposit amount) to the debit/credit card used for funding.
Domestic bank wires take about one to two business days, while international bank wires take about three to five business days. You can track the status of your online withdrawal through MyFXCM.
How much does FXCM charge for withdrawal fees?
FXCM withdrawal fees via debit/credit cards are zero dollars. However, other payment methods may charge you a certain amount of fees. The fees may also change from time to time.
According to the latest FXCM EU rate card, bank wire fees vary for each region. For example, domestic bank wire fees within France are USD25 while international bank wire fees (for receiving accounts outside France) are USD40.
How to solve FXCM withdrawal problems?
If you experience any unusual delay, contact FXCM support desk as soon as possible. Make use of live web chat, email, or international free phone numbers as shown on FXCM's official website. There are many possible reasons why your withdrawal is delayed, and you may be able to solve it just as soon as you know why it happens.
If you fail to communicate with FXCM and your problem extends for weeks, then you may consider contacting the regulator who supposed to oversee the company in your region. Read more about FXCM review and regulation here.