Whether you use bank transfer, credit card, or e-wallet, deposit and withdrawal in FxGrow is free of charge. Learn the step-by-step guide in this article.
The ease of accessing money should be one of your top priorities when it comes to choosing a broker. This shows that they are capable of keeping your money safe and gives you the freedom to manage your funds at any time.
Since 2008, FxGrow has been providing trading services for traders in more than 100 countries worldwide. Regulated by CySEC, the broker offers a variety of asset classes, along with unparalleled trading conditions and bonus programs. FxGrow caters to the needs of many traders, from complete beginners to experts who have years of successful trading journey behind them.
In terms of deposit and withdrawal, there are several funding methods offered by FxGrow.
💳Payment Methods | 💰Commissions & Fees | 💲Minimum Deposit | 🕒Processing Time |
Visa | Varies between 1.9% and 2.9% | 1 USD | Automatic |
Mastercard | Varies between 1.9% and 2.9% | 1 USD | Automatic |
Neteller | Free | 1 USD | Automatic |
Skrill | Free | 1 USD | Automatic |
Bank Wire | Free | 100 USD | 2-5 working days |
FxGrow does not charge any deposit/withdrawal fees, but the payment providers may charge according to their fee structure. The available base currencies are USD and EUR. Payments in any other currency apart from the base currency will be subjected to conversion fees.
How to Deposit Money in FxGrow
The minimum deposit in FxGrow is 100 USD for the basic Micro and Standard ECN account. Meanwhile, the minimum deposit for the ECN-Plus and ECN-Elite accounts are 1000 USD and 100,000 USD respectively.
After you have registered with the broker, follow these steps to make a deposit:
- Open FxGrow's official website and then hover to the "Tools" tab at the top of the screen.
- Select "Deposits/Withdrawals" from the drop-down menu. This will lead you to the account funding page.
- Next, click the "Make a Deposit" button on the right side of the screen to fund your account.
- Enter your registered email address and password to log in to your FxGrow account.
- Decide which payment method you'd like to use to make a deposit. Be sure to check the conditions of each option before choosing.
- Insert the deposit amount and finish the transaction.
- Now you just have to wait for the funds to reflect on your FxGrow trading account. If the estimated time has passed and your money still hasn't showed up in your balance, contact customer service for help.
Guide to Withdraw Funds from FxGrow
FxGrow clients can make a withdrawal request at any time according to the broker's withdrawal policies. Here are the easy steps to make a withdrawal from FxGrow:
- Open FxGrow's official website and then hover your cursor to the "Tools" tab at the top of the screen.
- Select "Deposits/Withdrawals" from the drop-down menu. This will lead you to the account funding page.
- Next, click the "Make a Withdrawal" button on the right side of the screen to create a withdrawal request.
- Enter your registered email address and password to log in to your FxGrow account.
- Decide which payment method you'd like to use. Remember that the deposited amount must be withdrawn to its original source using the same initial deposit method.
- Insert the withdrawal amount and finish the transaction. The broker will process your request every day on work days from 9:00 AM to 6:PM server time.
It is worth mentioning that FxGrow does not accept payments from third parties. So, you can only withdraw to your own bank account/credit card. The recipient's name must match with the name on your registered profile.
Bottom Line
While often overlooked, deposits and withdrawals are actually very important in trading. Without making a deposit, you won't be able to make any real trades on the platform. And if you can't withdraw and use the money for other purposes, what is the point of gaining profits?
Thankfully, making deposits and withdrawals in FxGrow is pretty simple as shown in the article above. You can manage your funds at any time using your favorite payment system. Just remember that you need to upload verification documents first in order to access this feature.
FxGrow is a trustworthy broker with over 10 years of experience in the field. It provides a wide range of funding methods along with no deposit fees and low spreads. Known for its advanced technology, this broker is currently located in Cyprus and has obtained licenses from CySEC and VFSC.