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Getting your money out of FXCM

If a broker ever fails, the questions are how your money was held and how fast it could come back. This is how FXCM handles withdrawals today.

Regulation: FCA (217689); ASIC (AFSL 309763); CySEC (392/20); FSCA (FSP 46534). How FXCM is regulated

Facts last checked . Read the full FXCM review.

Deposits and withdrawals

Deposit methods
Visa, Mastercard, bank transfer, Skrill, Neteller and regional electronic payment methods
Withdrawal methods
Bank transfer, credit/debit card, Skrill, Neteller and applicable original funding methods
Deposit time
Cards/e-wallets generally instant; bank wire typically 1-5 business days
Withdrawal time
Usually processed within 1-2 business days; settlement depends on method
Minimum withdrawal
$50 for bank wire; lower/no minimum for some electronic methods
Local payment methods
Jurisdiction-specific bank transfer and electronic payment methods

What this means

Withdrawals are stated at Usually processed within 1-2 business days; settlement depends on method, against Cards/e-wallets generally instant; bank wire typically 1-5 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, credit/debit card, skrill, neteller and applicable original funding methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $50 for bank wire; lower/no minimum for some electronic methods - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Questions about FXCM deposits and withdrawals

How do you withdraw from FXCM?

Withdrawals from FXCM are made by bank transfer, credit/debit card, Skrill, Neteller and applicable original funding methods. Most brokers return money by the method it arrived by, so the deposit method decides the withdrawal method.

How long does a FXCM withdrawal take?

FXCM records withdrawal times of usually processed within 1-2 business days; settlement depends on method. The broker's processing time and the bank's or card issuer's time are separate, and the published figure is usually the broker's.

Is there a minimum withdrawal at FXCM?

The minimum withdrawal at FXCM is $50 for bank wire; lower/no minimum for some electronic methods.

Deposits and withdrawals at brokers under the same regulator

More about FXCM