The safety dossier

Home / Reviews / iFOREX / Deposits and withdrawals

Getting your money out of iFOREX

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

Regulation: British Virgin Islands FSC (SIBA/L/13/1060); CySEC (143/11) through European group entity. How iFOREX is regulated

Facts last checked . Read the full iFOREX review.

Deposits and withdrawals

Deposit methods
Credit/debit cards, bank wire transfer and alternative/regional payment solutions
Withdrawal methods
Bank transfer, cards and supported original funding methods
Deposit time
Cards/electronic payments generally instant; bank wires several business days
Withdrawal time
Usually processed within a few business days
Minimum withdrawal
$20
Local payment methods
Country-specific alternative payment solutions and local bank transfers

What this means

Withdrawals are stated at Usually processed within a few business days, against Cards/electronic payments generally instant; bank wires several 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, cards and supported 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 $20 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Questions about iFOREX deposits and withdrawals

How do you withdraw from iFOREX?

Withdrawals from iFOREX are made by bank transfer, cards and supported 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 iFOREX withdrawal take?

iFOREX records withdrawal times of usually processed within a few business days. 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 iFOREX?

The minimum withdrawal at iFOREX is $20.

Deposits and withdrawals at brokers under the same regulator

More about iFOREX