The flexibility of the deposit and withdrawal from your account is a critical factor in choosing your forex broker. The forex broker should provide reliable options for both deposits and withdrawals. So before stepping into the world of trading, it is important to learn more about the available payment solutions and the requirements. Forex accounts are used to trade foreign currencies. Traders can fund your forex accounts by a wide variety of payment methods. Forex’s most popular payment solutions are usually E-Wallets, Credit Cards, Payment Gateways, Bank Transfer, and in some cases local depositors. Eventually, payment transfer is one of the most important factors to consider before opening a trading account.
What is a Deposit Method?
A deposit method is simply a payment means that is used to deposit money into your forex trading account. Usually, the method you use for depositing money will also be used for money withdrawal. Most forex brokers provide a list of deposit and withdrawal methods they accept to fund their accounts. In 2021, the most popular payment methods in forex included digital wallets, bank cards, prepaid cards, wire transfers, and most recently bitcoin and other cryptocurrencies.
Forex traders are usually given several options by brokers to deposit funds into their trading accounts. While credit card deposits are the easiest way, digital wallets remain the most reliable way to deposit and withdraw money directly from and into your forex account. Thanks to the evolving online payment services, digital payouts have become increasingly efficient and secure. Traders can simply log in to their forex accounts in the member area at AximTrade, connect their digital wallet information and the funds will be processed instantly.
In meanwhile, some investors like to transfer funds from an existing bank account or send the funds through a wire transfer or online banking into their forex trading accounts. If you choose to use the wire transfer method, keep in mind that it will cost more fees and probably going to take a longer time until money is deposited into your account.
eWallet Forex payment methods
eWallets are the most popular forex trading deposit method and are used across all countries. The main reason for that is due to the fact eWallets are so easy to use for regular traders as well as faster and much lower cost. The most famous eWallets in the market are:
Without a doubt using digital wallets and local deposits are the best option for the traders to deposit and withdraw without hassles. While time is a highly sensitive factor for traders, the faster the process the better. Yet, traders still demand cheaper fees on transactions since usually not all traders are trading with big capital, and any extra costs for transfers will affect their investment balance. Also, safety is a huge factor as traders tend to use the digital wallet to safeguard their transactions with the broker.
How to deposit and Withdrawal funds with AximTrade?
AximTrade offers its clients a variety of funding options. First, you need to open a Forex Account with AximTrade in easy steps.
To deposit money into your AximTrade trading accounts, please follow these steps:
- Login to your Member’s Area account,
- Click Deposit from the menu,
- Select your preferred payment option,
- Proceed with the necessary steps and details based on the instructions given.
It is important to check the payment methods at Aximtrade and compare minimum deposit requirements. There is a USD1 minimum deposit amount required for Standard accounts and Bonus accounts. It is important to note that deposits aren’t allowed from any third parties due to security reasons. Payments can only be made to and from an account that has the same name as the one on your registered trading account.
You can check all payment methods from the list below:
|China Union Pay|
|Local Bank Transfer|
Withdrawals of funds with AximTrade
According to financial securities rules and to protect the funds of our clients, withdrawal of funds is only available to clients who verified profiles by uploading supporting documents and had their trading account validated. Clients can log in to their Member’s Area to upload their supporting documents (proof of identity and proof of address) and once validated they will be able to withdraw funds from their trading account.
To withdraw funds from your trading accounts, first, you need to log in to the Member’s Area, click Withdrawal from the menu, and select your preferred option accordingly and enter the amount you wish to withdraw. Proceed with the necessary steps and details based on the instructions given. The requested amount will be automatically deducted from your trading account. As per our risk management procedures, AximTrade will only process withdrawal/refunds back to the source of the original deposit.
How To Make a Deposit using Local Depositor in Your Country?
AximTrade provides local depositor solutions in several countries in order to help their clients to fund their trading accounts and withdraw their profit and capital. This solution is a reliable solution for forex traders who like to use the local currency and access financial investment without the need to conduct complex steps to set up financial payments.
In few steps learn how to locate the local depositor in your country and start funding your account.
Clients’ segregated funds from AximTrade
AximTrade accounts are following the highest financial measures in order to secure the clients’ funds. Each client’s money is deposited into a segregated client bank account. Client money is held in segregated client bank accounts in accordance with the Financial Services Commission client money rules.
Fast Deposit and Withdrawal
AximTrade offers Instant deposits and withdrawals for e-wallets which allow clients to have full control of their funds. With a wide range of local and international payment methods, AximTrade provides convenient ways to withdraw or deposit money and enables reliable conditions for traders. All transactions are trackable via the personal account and segregated accounts are set up in order to ensure that there is a clear and complete separation of Client funds from those of the company. Deposits to the trading account are sent to specifically designated accounts holding the funds of the clients securely. Internal transfers between accounts are instant as well which enables customers to control their funds 24/7.
Start Trading with AximTrade
AximTrade is a fast-growing brokerage service provider in the global markets with a highly advanced MT4 execution and Copy Trade platform. One of the core values of AximTrade is to enable forex traders with easy-to-use technology, educational resources, technical analysis, varieties of forex bonus promotions, and a highly competitive trading environment with the best trading conditions.
You can check the instructions to open a forex account with comprehensive guidelines on the benefits and trading conditions. Join now AximTrade and enhance your knowledge through a risk-free demo account. AximTrade is a fast-growing brokerage service provider in the global markets with a highly advanced MT4 execution. One of the core values of AximTrade is to enable forex traders with easy-to-use technology, educational resources, technical analysis, varieties of forex bonus promotions, and a highly competitive trading environment with the best trading conditions.