Note:
International transfers usually take a few days to complete (depending on the country), while domestic wire transfers are processed the same day.
The Best Forex Brokers that Accept Wire Transfer Cards in 2024
Updated: May 02, 2024
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The best Forex broker accepting wire transfers - RoboForex
Top wire transfers Forex brokers are:
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RoboForex - Best for all traders because of low minimums, vast selection of platforms and accounts
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IC Markets - Best for active traders due to ultra-low latency trading servers and broad asset selection for frequent traders
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Exness - Best for Narrow spreads, which pays off in provided copy-trading services
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FxPro - Best for Negative Balance Protection, important for traders of any level
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VantageFX - Best for Bonus policy, with generous sign-up bonuses and other reward programs
Depositing and withdrawing funds from a Forex account can be stressful using a tedious payment method. However, the features of a reputable broker include stress-free deposit and withdrawal methods. So registering with a wire transfer Forex broker can save you from the challenges that come with funding a trading account.
Bank wire transfers are among the best payment methods traders can rely on when depositing or withdrawing funds from a trading account. In addition to being affordable, it circumvents some of the limitations on transaction size imposed on other forms of payment. After examining numerous bank transfer Forex brokers globally, TU's experts present traders with the best wire transfer Forex brokers list. Continue reading to discover them.
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How long do wire transfers take?
Domestic wire transfers typically arrive within 1-2 business days, while international wires may take 3-5 business days for completion.
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Is there a fee for wire transfers?
While most brokers do not charge wiring fees, your bank and intermediary banks may each levy small fees for processing the transfer.
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What details are needed for a wire transfer?
You'll need the full account numbers and routing numbers or BIC/SWIFT codes of the receiving broker to initiate a wire transfer.
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Can I wire withdraw from my Forex broker?
Yes, once deposited via wire transfer you can usually withdraw funds by wiring them back to your personal bank account.
The best Forex brokers that accept wire transfer: Comparison
| Broker | Wire transfer Support | Minimum Deposit | Other Payment Options | Best For | |
|---|---|---|---|---|---|
YES |
$10 |
SEPA, Bank transfer, Skrill, AdvCash, Perfect Money, Neteller, AstraPay, NganLuong Wallet, JCB. |
All traders |
||
YES |
$200 |
Bank cards, e-wallets: PayPal, Neteller, Union Pay, BPay, POLI, Rapidpay, Klarna, Vietnamese Internet Banking |
Trading Speed |
||
YES |
$10 |
Bank cards, Neteller, Skrill, Perfect Money, Webmoney, Tether, USD Coin, internal transfers |
For Narrow spreads |
||
YES |
$100 |
ACH transfer, wire transfer |
Negative Balance Protection |
||
YES |
$200 |
ACH transfer, wire transfer |
Fantabulous bonus policy |
||
YES |
$100 |
Skrill, Perfect Money, EasaPay, Neteller, MIR, bank cards, Ethereum, Litecoin, Bitcoin, Tether (USDT), UZCard, HUMO |
Forex bonuses |
||
YES |
$25 |
Bank cards, Skrill, Neteller, Bitcoin, cryptocurrency, instant bank transfer, local banks, e-wallets |
Tight spreads |
||
YES |
100 EUR |
Electronic payment systems, Internet banking, bank transfers |
Usability |
The best Forex brokers accepting wire transfers in 2024
Wire transfers are undoubtedly among the simplest ways to pay, despite the availability of other widely accepted payment methods. Let's quickly glance at the best bank transfer Forex brokers and their features, including the pros and cons of using this funding option.
RoboForex - Best for all traders
RoboForex is a Forex broker that integrates modern technology and services that favor all levels of traders. Trading platforms and tools are readily available, allowing traders to have the best trading experience. They integrate top platforms like MT4, MT5, cTrader, R WebTrader, and R StocksTrader. There is also a copy trading service, a demo account, and training resources to assist inexperienced traders.
RoboForex is also the first on the list of wire transfer Forex brokers. Below are the features and benefits of choosing this bank transfer Forex broker.
Extra features
Minimum deposit: $10
Minimum withdrawal: $10 - $10,000
Deposit fee: 0%
Withdrawal fee: 1.5%
Processing time:
• Deposit - 1 - 5 bank days
• Withdrawal - 1 - 5 bank days
👍 Pros
• It is a more convenient method to deposit funds into your RoboForex account.
• Payments can be made using the local currency.
• They integrate an extremely high level of security.
👎 Cons
• There may be higher international wire transfer fees.
IC Markets - Best for active traders
IC Market is another wire transfer Forex broker renowned for providing traders with top trading tools and services. This broker offers traders different sophisticated trading platforms like MT4 and MT5 and over 2,100 trading assets. Inexperienced traders can practice Forex trading with the demo account and educational resources available.
They use secure payment methods like wire transfers to increase the excitement of the Forex trading experience for traders. Below are some features to expect from this wire transfer Forex broker.
Extra features
Minimum deposit: $200
Minimum withdrawal: -
Deposit fee: $0
Withdrawal fee: $0
Processing time: 2-5 Business Days
👍 Pros
• At IC Markets, deposits and withdrawals are free of additional fees.
• This bank transfer Forex broker accepts top currencies like USD, EUR, GBP, NZD, CHF, AUD, CAD, and JPY.
• There is no minimum withdrawal amount.
👎 Cons
• Depending on the amount, bank fees may apply when making deposits or withdrawals.
Exness - Best for Narrow spreads
Exness is another top wire transfer Forex broker where traders can trade currency pairs safely. As a reputable broker, Exness offers traders top trading platforms like MT4, MT5, Web Terminal, mobile platforms, and Exness Trade Terminal.
There are options for copy trading, a demo account, training materials, and safe payment methods. Bank transfers, which are a convenient method to fund a trading account, are available. Below are the features of this wire transfer Forex broker.
Extra features
Minimum deposit: $10
Minimum withdrawal: $250
Deposit fee: $0
Withdrawal fee: $0
Processing time:
• Deposits - Instant, but can take up to 30 minutes
• Withdrawals: 7 - 10 business days
👍 Pros
• The wire transfer payment method on Exness is a secure way to fund your trading account.
• Exness supports 80 different currencies, so there are no fees for deposits or withdrawals, and the majority of traders can avoid currency conversion fees.
• If manual verification is required, the finance department responds to all requests within 24 hours.
👎 Cons
• Depending on the amount, there might be bank charges for deposits or withdrawals.
FxPro - Best for Negative Balance Protection
FxPro is among the most highly secure wire transfer Forex brokers. With their advantageous trading services that cater to traders of various experience levels, they are also ahead of other CFD Forex brokers. FxPro offers traders a free demo account with top trading platforms like cTrader, MT4, MT5, and Edge.
Additionally, FxPro has a library of technical analysis Forex courses to help traders become great traders in a short time. Traders can fund their accounts using the wire transfer option after registering with FXPro.
Extra features
Minimum deposit: $100
Minimum withdrawal: $100
Deposit fee: $0
Withdrawal fee: $0
Processing time: 3-5 Business Days
👍 Pros
• The payment method is quick and easy.
• Processing deposits or withdrawals are free of commission fees at FxPro.
• Every deposit and withdrawal procedure goes through rigorous security checks.
👎 Cons
• In contrast to other payment methods, bank transfer deposits and withdrawals can take some time.
VantageFX - Best for Fantabulous bonus policy
VantageFX integrates excellent trading tools, a demo account, and educational materials, making them a top Forex broker. And it includes MT4, MT5, and WebTrader trading platforms with different payment methods. A wire transfer is among the top payment methods you can use on FxPro. This reputable broker offers zero-commission deposit and withdrawal options.
Below are some of the features of this wire transfer Forex broker.
Extra features
Minimum deposit: $200
Minimum withdrawal: -
Deposit fee: $0
Withdrawal fee: $0
Processing time: Transfers between UK banks using SEPA and GBP take just 24 hours, while transfers using international bank wires take three to five business days.
👍 Pros
• A wire transfer on VantageFX is secure.
• VantageFX is among the wire transfer Forex brokers with prompt deposit processing.
• Utilizing VantageFX's wire transfer option carries no internal fees.
👎 Cons
• VantageFX does not charge a fee, but the sending and correspondent banks may, based on their fee schedules.
AMarkets - Best for bonuses
AMarkets is a popular Forex broker because of the qualitative trading tools and services it offers traders. Among these are a copy trading service, a demo account, MT4 and MT5 trading platforms, and different payment methods.
AMarkets is a top wire transfer Forex broker that places a premium on offering outstanding customer service. Below are some of the features of this bank transfer Forex broker.
Extra features
Minimum deposit: $100
Minimum withdrawal: -
Deposit fee: $0
Withdrawal fee: The local payment agent decides the fees
Processing time: 1-3 business days
👍 Pros
• AMarkets is among the wire transfer Forex brokers with the best funding process and user interface.
• They compensate for deposit commissions and fees.
• The customer service gives extensive attention to traders facing funding challenges using wire transfers.
👎 Cons
• The trader's local bank might charge for place charges for transactions it authorizes or completes.
OctaFX - Best for Tight spreads
OctaFX is among the best Forex brokers, with easy account setup and no registration fees or commissions. This trader integrates a low-cost MetaTrader platform with a social copy-trading platform and a demo account. Traders have access to the best learning tools, videos from the Forex Academy, and several payment methods like wire transfers.
In fact, OctaFX is among the best wire transfer Forex brokers. Below are features of the wire transfer payment method on OctaFX.
Extra features
Minimum deposit: $25
Minimum withdrawal: -
Deposit fee: $0
Withdrawal fee: $0
Processing time: Bank transfers typically take 1-3 hours, but on uncommon occasions, they can take up to one business day.
👍 Pros
• For deposits or withdrawals, OctaFX does not charge any commission.
• In the Forex trading industry, OctaFX conversion rates are among the best.
• Within 1 to 3 hours of receiving them, OctaFX processes each withdrawal request.
👎 Cons
• Although OctaFX does not impose internal withdrawal fees, traders should be aware of third-party costs like conversion fees imposed by outside parties.
Libertex - Best for usability
Libertex is a CySEC-regulated broker that beginner traders need to have the best Forex experience. With a user-friendly platform and over 300 tradable assets, this broker emerges as the broker offering excellent trading services. The stock and CFD broker integrates a trading web platform and trading instruments like cryptocurrencies, commodity futures, metals, etc.
Libertex is also among the best wire transfer Forex brokers and offers other safe payment methods. Below are some of the popular features of using the wire transfer method.
Extra features
Minimum deposit: $100
Minimum withdrawal: $10
Deposit fee: $0
Withdrawal fee: $0
Processing time: From 2 to 5 working days
👍 Pros
• Using a bank wire to transfer money directly from a bank account to a Libertex account is safe and easy.
• Following receipt of payment confirmation, your deposit will be processed immediately.
• There are no additional fees, such as deposit fees, because deposits and withdrawals are free.
👎 Cons
• There might not be any funds processed on weekends and official holidays.
What is a wire transfer?
A wire transfer refers to the transmission of money electronically, with the sender providing all the details to authenticate the transfer. The sender's bank is the intermediary in wire transfer transactions. This type of payment method is a top option in Forex trading as it offers a straightforward option to deposit or withdraw funds with a virtual bank.
The process requires a trader to provide their bank account details to the broker. Information shared includes account numbers, routing numbers, and other relevant information.
Should I choose wire transfer Forex brokers?
Yes, traders should consider wire transfer Forex brokers. This is because wire transfers are a secure payment option, and only reputable brokers and top European banks integrate this payment method. Below are the benefits of choosing wire transfer Forex brokers.
👍 Pros of using Forex wire transfer brokers
• Top wire transfer Forex brokers have no deposit or withdrawal limits.
• Since some banks offer multi-currency accounts, currency conversion fees are exempt.
• It is a safer way to transfer money and has no geographical restrictions.
• Maximum security since these banks implement strict AML/KYC protocols.
👎 Cons of using Forex wire transfer brokers
• A bank account and a Forex trading account with a wire transfer Forex broker are prerequisites for the trader.
• Additionally, only verified traders are allowed to conduct financial transactions through regulated bank wire brokers.
• The most expensive and sluggish way to send money is through bank wires.
How to choose a broker with a wire transfer?
Before signing up with a wire transfer Forex broker, it is important to determine if the broker is regulated and offers advantageous trading terms.
Consider the conditions for making a deposit and withdrawing funds and the processing times. Also, look up the supported account base currencies and exchange rates. Additionally, traders must confirm whether the broker provides free wire transfers or reimburses wire fees after a certain transaction threshold.
Depositing and withdrawing money with a wire transfer
Instructions for making a wire transfer deposit
1
Be sure to log in after creating an account.
2
Then select "deposit."
3
Select the wire transfer payment method.
4
Obtain and input the broker's bank details.
5
Confirm the transaction and hit the deposit button. For the money to be credited to your trading account, it typically takes 2 to 5 business days.
How to withdraw money using a wire transfer Forex brokers
1
Log into your Forex account.
2
Choose the withdrawal option and enter the information for your bank account.
3
Choose the currency and withdrawal amount.
4
You will receive a verification code by email or text. Enter it.
5
Wait patiently while the funds are deposited into your bank account.
Glossary for novice traders
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1
Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
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2
Wire transfer
A wire transfer is a method of electronic funds transfer in which money is sent from one bank or financial institution to another, typically across international or domestic boundaries. It involves the sender providing their bank with specific instructions, including the recipient's bank details and the amount to be transferred, and the funds are then electronically moved from the sender's account to the recipient's account.
-
3
Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
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4
Extra
Xetra is a German Stock Exchange trading system that the Frankfurt Stock Exchange operates. Deutsche Börse is the parent company of the Frankfurt Stock Exchange.
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5
Forex Trading
Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly.
Team that worked on the article
Peter Emmanuel Chijioke
Contributor
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson
Developmental English Editor
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Cryptocurrency and stock expert
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).