We found 11 online brokers that are appropriate for Trading Bank Transfer.
Deposit payments are accepted across various channels in Forex trading and bank or wire transfers is one of the oldest methods and a much reliable one.
Bank transfer brokers are easily available both online and offline. They readily welcome and encourage the payment channels.
Making payments through bank transfer brokers is easy and needs no presentation as for decades traders have been accustomed to it, even though several innovative payment solutions have been introduced in recent years.
To make wire transfer hassle-free and compete with more advanced methods, can all be arranged via online or telephone.
There is no need to visit a branch for this purpose. Bank transfer brokers usually assist clients on how to arrange the payment without such a visit.
Initially, a Forex account requires uploading a small capital known as an opening balance and this is what is required to start trading.
If the fund is to be deposited via wire transfer, a form will need to be completed with fields such as the name of the bank, country, bank account number, IBAN code and BIC code.
The last part is to specify the amount to be uploaded and thereafter authorizing the transaction. It takes some time to reflect the relevant funds in to the Forex account.
Some traders may have difficulties with the wire transfer process online initially. Firstly, navigate the portal and find the payments related section.
Specify here the amount to be deposited and thereafter choose your bank name from the option of choices.
Online banking credentials will be asked like username and password. This will lead to logging into the online banking account.
Lastly, complete the form and then confirm the transaction. The entire process normally takes a few minutes.
Retrieving profit from the Forex account to the bank is as easy as depositing funds from the bank account to the Forex account. The process is similar, convenient, and hassle-free.
. Firstly, log into the trading account and find the withdrawal section. Next, choose the bank where the fund needs to be transferred. Picking the correct currency is important here.
In most of the cases, the bank transfer brokers process the withdrawal request within 24 hours. Once the fund is issued, it may take 3 to 5 business days to reflect in the bank account.
It is important to submit the related information correctly in the form. Any mistake may increase the waiting period for retrieving the profit. Furthermore, sometimes inconsistency in banking details may lead to additional fees.
Note that funds cannot be retrieved if the name in the Forex trading account is not the same as mentioned in the bank account.
Many traders prefer dealing with bank transfer brokers as wire transfer as a more secure and reliable mode of making payments.
The chance of becoming a victim of fraud or unscrupulous practice is less compared to other modes of payments in the Forex industry. Wire transfer is the best method for traders who transfer funds in volume.
Wire transfer is a simple payment method. Both deposits and withdrawals are not complicated.
The first and top disadvantages is its fee structure. It can be high compared to most of the payment solutions. Some traders feel a good portion of the profit is eaten up as several bank transfer brokers impose commission if a withdrawal is made to a bank account.
The second and most important disadvantage to note is the delay in withdrawal. The cash out process comparatively takes a longer time. The fund could take more than five business days to reflect in the bank account.
Most traders look to other payment solutions because of the cost of the transactions. The fees and charges differ from one bank to another. Hence, it is advised to check the fee structure from the bank before initiating any transaction.
In some cases, the traders need to pay an extra commission to brokers to retrieve profit to the bank account. It is better to get acquainted with all these in advance, before departing with a percentage of profit.
Some bank transfer brokers set limits for retrieving profit from the Forex account to bank account. It can be $100 in most cases.
Bank transfer brokers have been in the Forex industry for decades and the banking payment method is one of the oldest secure and protected solutions.
Lately, certain new features have been introduced to make the process more convenient and traders now do not need to visit the bank for this purpose.
The deposits and withdrawals are easier and it would be a good idea to complete the form carefully on the portal of the bank transfer brokers. Any mistakes could make this process lengthy.
We have conducted extensive research and analysis on over multiple data points on Bank Transfer Brokers to present you with a comprehensive guide that can help you find the most suitable Bank Transfer Brokers. Below we shortlist what we think are the best Bank Transfer brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Bank Transfer Brokers.
Selecting a reliable and reputable online Bank Transfer trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Bank Transfer more confidently.
Selecting the right online Bank Transfer trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Bank Transfer trading, it's essential to compare the different options available to you. Our Bank Transfer brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Bank Transfer broker that best suits your needs and preferences for Bank Transfer. Our Bank Transfer broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Bank Transfer Brokers.
Compare Bank Transfer brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Bank Transfer broker, it's crucial to compare several factors to choose the right one for your Bank Transfer needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Bank Transfer brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Bank Transfer brokers that accept Bank Transfer clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with nordfx |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
You can compare Bank Transfer Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Bank Transfer Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Bank Transfer brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.