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Deposit and Withdrawal: How to Deposit and Withdraw Funds with AximTrade?

Yasser Ahmad
aximtrade payment method deposit

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 long 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.

Depositing With Cryptocurrencies:

Forex trading has taken on a fascinating new dimension with the advent of cryptocurrency. It is now possible for you to trade Crypto anytime, anywhere with AximTrade. Through AximTrade, crypto traders and advocates can trade using USDT and BUSD for investment opportunities.

USDT and BUSD are stablecoins that are pegged to a fiat currency like the US dollar. Although USDT trades more volumes than other cryptocurrencies, it lacks cash reserves, and its reputation has been tangled in controversy. In contrast, BUSD has undergone a more rigorous auditing process and works on many different blockchains. The two currencies both provide fast transaction times with low fees.

BUSD and USDT use smart contracts that operate on blockchains instead of traditional contracts. These coins provide fast transfers worldwide anytime, anywhere, plus there’s no need to rely on banks to move funds.

TRC20-USDT, ERC20-USDT, and BEP-20 are three stable coins supported by AximTrade.

USDT (TRC20)

TRC20 (USDT-TRON) is the USDT for Tether issued on the TRON network. The currency deposit address is used for deposits and withdrawals on the TRON network. TRC20 is the protocol used by USDT-TRON (TRC20).

USDT (ERC20)

USDT-ERC20 is a version of USDT issued by Tether on the Ethereum network. Deposits and withdrawals happen on the Ethereum network, with the deposit address being an ETH address. USDT-ERC20 adheres to the ERC20 standard.

BEP-20

BEP20 is the token standard of the Binance Smart Chain. In many ways, it’s similar to Ethereum’s ERC20 standard; in other ways, it expands on it. BEP20 sets rules that all tokens created on BSC need to follow. BEP-20 aims to provide a flexible format for developers to launch diverse tokens. These could represent anything from shares in a business to dollars stored in a bank vault. 

There are several benefits to trading Forex using Cryptocurrencies. Firstly, you can be sure that it is safe – you don’t have to disclose your banking or credit card information. Second, all transactions are recorded digitally on public networks, meaning there are no banks or clearing agencies involved. The transaction costs are zero, and it sounds good, doesn’t it? It will help traders earn more money. Last but not least, the leverage is high. Brokers typically provide high leverage for crypto traders, but you should remember that high margins should also be approached with caution since they can also magnify the risk of loss.

How to Deposit and Withdraw 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: 

  1. Login to your Member’s Area account,
  2. Click Deposit from the menu,
  3. Select your preferred payment option,
  4. 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:

Neteller
Skrill
FasaPay
WeChat
AliPay
China Union Pay
MomoPay
Zalopay
UPI
Paytm
Net Banking
QuickTransfer
QR Code
USDT(TRC20)
USDT(ERC20)
BEP-20
Online Banking RUB
Online Banking KZT
Online Banking UAH
Online Banking UZS
Perfect Money
Local Bank Transfer
Local Depositor
Payment Methods at aximtrade

AximTrade Local Payment Methods & Solutions

Malaysia

Deposit:

  1. QuickTransfer – AximTrade offers 0% commissions for QuickTransfer deposits and fast processing. The minimum deposit for trading is 4 MYR.
  2. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer deposits and fast processing. The minimum deposit for trading is 4 MYR.
  3. Local Depositor – AximTrade offers 0% commissions for Local Depositor deposits and the processing time varies by LD. The minimum deposit for trading is 5 MYR.

Withdrawal:

  1. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer deposits and fast processing. The minimum withdrawal amount is 100 MYR.
  2. Local Depositor – AximTrade offers 0% commissions for Local Depositor deposits and the processing time varies by LD. The minimum withdrawal amount is 5 MYR.

China

Deposit: 

  1. WeChat – AximTrade offers 0% commissions for WeChat deposits and fast processing. The minimum deposit for trading is 500 CNY.
  2. AliPay – AximTrade offers 0% commissions for Alipay deposits and fast processing. The minimum deposit for trading is 50 CNY. 
  3. China Union Pay – AximTrade offers 0% commissions for China Union Pay deposits and fast processing. The minimum deposit for trading is 50 CNY.
  4. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer deposits and fast processing. The minimum deposit for trading is 50 CNY.

Withdrawal:

  1. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer withdrawals and offers fast processing. The minimum withdrawal amount is 50 CNY.

Vietnam

Deposit:

  1. MomoPay – AximTrade offers 0% commissions for MomoPay deposits and fast processing. The minimum deposit for trading is 100,000 VND.
  2. Zalopay – AximTrade offers 0% commissions for ZaloPay deposits and fast processing. The minimum deposit for trading is 100,000 VND.
  3. QuickTransfer – AximTrade offers 0% commissions for QuickTransfer deposits and fast processing. The minimum deposit for trading is 25,000 VND.
  4. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer deposits and fast processing. The minimum deposit for trading is 100,000 VND.

Withdrawal:

  1.  Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer withdrawals and fast processing. The minimum withdrawal amount is 100,000 VND.

Middle East

Deposit:

  1. E-Wallets – Traders from the Middle East can deposit their funds to trading accounts with the help of e-wallets like Neteller and Skrill. AximTrade takes 0% commissions.
  2. Crypto – Traders from the Middle East can deposit their funds to trading accounts with the help of USDT(TRC20), USDT(ERC20), and BEP-20. Different commissions apply. AximTrade takes 0% commissions.
  3. Perfect Money – Traders from the Middle East can deposit their funds into trading accounts with the help of the Perfect Money payment system. 
  4. Local Depositor – AximTrade offers 0% commissions for Local Depositor deposits and the processing time varies by LD. AximTrade takes 0% commissions.

Withdrawal:

  1. Local Depositor – Traders from the Middle East can withdraw their profits through Local Depositor and the processing time varies by LD. Local Depositor is available in Egypt, Turkey, Palestine, Iraq, Syria, Yemen, Tunisia, Alegria, Morocco, and UAE. AximTrade takes 0% commissions.

India

Deposit:

  1. UPI – AximTrade offers 0% commissions for UPI deposits and fast processing. The minimum deposit for trading is 100 INR.
  2. Paytm – AximTrade offers 0% commissions for Paytm deposits and fast processing. The minimum deposit for trading is 100 INR.
  3. Net Banking – AximTrade offers 0% commissions for Net Banking deposits and fast processing. The minimum deposit for trading is 100 INR.
  4.  Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer withdrawals and fast processing. The minimum withdrawal amount is 100 INR.

Withdrawal:

  1. Withdrawal INR – AximTrade offers 0% commissions for INR withdrawals and fast processing. The minimum withdrawal amount is 100 INR.

Indonesia

Deposit:

  1. FasaPay – AximTrade offers 0% commissions for FasaPay deposits and fast processing. The minimum deposit for trading is 100,000 IDR.
  2. QuickTransfer – AximTrade offers 0% commissions for QuickTransfer deposits and fast processing. The minimum deposit for trading is 30,000 IDR.
  3. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer deposits and fast processing. The minimum deposit for trading is 100,000 IDR.
  4. Local Depositor – AximTrade offers 0% commissions for Local Depositor deposits and the processing time varies by LD. The minimum deposit for trading is 14,500 IDR.

Withdrawal:

  1. FasaPay – AximTrade offers 0% commissions for FasaPay withdrawals and fast processing. The minimum withdrawal amount is 90,000 IDR.
  2. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer withdrawals and fast processing. The minimum withdrawal amount is 100,000 IDR.
  3. Local Depositor – AximTrade offers 0% commissions for Local Depositor withdrawals and the processing time varies by LD. The minimum withdrawal amount is 14,500 IDR.

Thailand

Deposit:

  1. QuickTransfer – AximTrade offers 0% commissions for QuickTransfer deposits and fast processing. The minimum deposit for trading is 50 THB.
  2. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer deposits and fast processing. The minimum deposit for trading is 50 THB.
  3. QR Code: AximTrade offers 0% commissions for QR Code deposits and fast processing. The minimum deposit for trading is 50 THB.

Withdrawal:

  1. Local Bank Transfer – AximTrade offers 0% commissions for Local Bank Transfer withdrawals and fast processing. The minimum withdrawal amount is 500 THB.

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?

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 a 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 Fast 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 offers comprehensive brokerage services on global markets with MT4 execution and Copy Trade platforms. There are comprehensive instructions on how to open a forex account that explain everything from the benefits to the trading conditions. Take advantage of our risk-free demo account and enrich your knowledge of AximTrade. With highly advanced MT4 execution, AximTrade is a fast-growing brokerage service provider in the international markets.

At AximTrade, we commit ourselves to providing easy-to-use technology, education, technical analysis, a variety of forex bonus promotions, and a highly competitive trading environment that offers the best trading conditions possible.

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