How to withdraw funds from the FXCM foreign exchange trading platform?

Step 1: Log in to FXCM Personal Backend

Step 2: Click to withdraw

Step 3: Select the withdrawal method

Step 4: If you have already set the withdrawal bank information, you can directly withdraw money in the next step. If you want to withdraw money for the first time, you need to edit the personal information of the withdrawal bank here.

Step 5: Submit after editing, and then the system will return to the withdrawal method interface in the previous step.

Step 6: Confirm the information and click to continue with the withdrawal.

Under normal circumstances, it will arrive within three working days. If there is a delay during holidays, just wait patiently.

How long does it take for foreign exchange to arrive?

Under normal circumstances, the time for foreign exchange payment to arrive is within 24 hours, unless it takes 1-3 days under special circumstances. In any place, regardless of whether it is a major market for foreign exchange exchange, general small-amount cash transactions and check cashing are almost entirely monopolized by banks. The main business of the bank's foreign exchange department is to transfer customer assets from commercial transactions to financial transactions. As with the conversion of liabilities from one currency to another, this conversion can be done as a spot transaction or a forward transaction.

1. Foreign exchange withdrawal methods

There are three main methods, namely wire transfer withdrawal, UnionPay withdrawal and credit card withdrawal. Choose different foreign exchange withdrawal methods, and the arrival time will be different.

Foreign exchange wire transfer withdrawal: Foreign exchange wire transfer withdrawal is the most troublesome and time-consuming method. The wire transfer withdrawal dealer will directly transfer money to a domestic bank through the bank. After the account is received, the investor needs to arrive. The bank handles the deposit. Foreign exchange wire transfer withdrawals usually take 5 to 7 working days to arrive in your account.

Forex UnionPay gold withdrawal: Foreign exchange UnionPay gold withdrawal is the fastest and most convenient way to withdraw money. The funds are directly transferred to the investor's UnionPay account through UnionPay. Foreign exchange UnionPay withdrawals will usually arrive in your account the next day, and no later than three working days. And there are no handling fees.

Withdrawal by foreign exchange credit card: Withdrawal by foreign exchange credit card is equivalent to a refund for credit card purchases, and the funds are directly refunded to our credit card limit. When using a credit card to withdraw money, you must ensure that the foreign exchange deposit is also made through a credit card. Foreign exchange credit card withdrawals usually require a repayment cycle to arrive in your account, usually about three working days. There is no handling fee.

2. Which bank can open a foreign exchange account?

Open a foreign exchange account. Basically all commercial banks can open a foreign exchange account, such as: Bank of China, ICBC, China Construction Bank, Bank of Communications, China Merchants Bank, etc. Many people will choose a bank with a low middle price, so that they can make more short-term differences. Foreign exchange speculation by banks, especially foreign exchange margin trading, is the most common.

Foreign exchange account opening process:

1. Apply for import and export rights: Before a company opens a foreign exchange account, it needs to apply for import and export rights. The most important thing is the enterprise's income and expenditure directory. Only after the import and export rights and other relevant procedures have been completed, the bank will accept the company to open a foreign exchange account.

2. Make an appointment with a foreign exchange account manager: Opening a foreign exchange account is not done at an ordinary public window. You usually need to make an appointment with a foreign exchange account manager first. After making an appointment, the bank will arrange for an account manager to handle the procedures with you.

3. Select currency: One currency corresponds to a foreign exchange account. Before a company opens a foreign exchange account, it needs to decide which currency to open? The currencies that many people open include US dollars, pounds, euros, etc. This depends on the business needs of the company.

4. Submit information: After selecting the currency, bring the company’s common documents (business license, etc.), import and export documents (operator registration, etc.), as well as the official seal, and go to the bank to open a foreign exchange account. .

5. Bank review: After receiving the information, the bank will review the company's information. If there is any missing information, the bank will notify company personnel to complete it.

6. Open an account after receiving foreign exchange: If the company does not have foreign exchange receipts and payments when opening an account, usually the bank will not help you open a foreign exchange account immediately. It will only help you when you receive and pay foreign exchange for the first time. You open a foreign exchange account.

How long does it take for Bank of China’s foreign exchange to arrive?

If you handle cross-border remittances through Bank of China’s counter channels: After Bank of China accepts the personal international remittance business, it will send it to the bank on the same day (working day). When sending a remittance telegram abroad, foreign banks (including remittance banks) should take the next one or two working days into account (the time difference factor must be taken into account. For example, for the United States, the remittance sent by the domestic Bank of China on June 16th should be The remittance will be processed on the night of June 17, Beijing time). Under normal circumstances, it takes three to five working days for the remittance to arrive (be sure to consider the holidays of the place of remittance and the place of remittance. For example, an outbound remittance processed on Saturday must not be remitted until Monday. If the remittance is sent to the destination on Monday, It is a holiday in the country or region, and the payment date will be further postponed). The final payment time mainly depends on whether the remittance information provided by the customer meets the relevant requirements of the country of remittance (for example: anti-++ regulations, whether there are necessary automatic processing information, etc.). At the same time, the deposit time also depends on the processing speed of the remittance bank.

Electronic channels: If you submit a ++ cross-border remittance transaction and the transaction information is correct, Bank of China will complete the transaction review and remit the payment before the next working day. ++The arrival time of cross-border remittance depends on the processing process of the transaction by the intermediary bank (if any) and the beneficiary bank of the remittance. If the intermediary bank/recipient bank processes the transaction in a timely and smooth manner, the remittance can be remitted to the payee within 24 hours. Account, due to transaction verification, non-working hours of the intermediary bank/receiving bank, etc., the time for remittance to the payee's account may be extended. It usually takes 3 to 7 working days for the remittance to be remitted to the payee's account.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

Can I ask about credit card deposits and withdrawals?

If you use a credit card to withdraw money, it is very inconvenient. If you use a credit card, you will be charged a handling fee when you withdraw money. It is better to withdraw money to a debit card. That's best

How many days does international foreign exchange withdrawal take?

1-2 working days.

Generally speaking, it is normal for platforms to conservatively say that it takes 1-2 working days for withdrawals. If the withdrawal processing speed is fast, it will usually arrive in your account within a few hours.

There are three ways to withdraw money, namely wire transfer, credit card and UnionPay card.

When will metatrader4 withdrawals arrive?

1-3 working days.

Take the FXCM platform as an example. FXCM supports three withdrawal methods, namely wire transfer withdrawal, credit card withdrawal and UnionPay RMB withdrawal. If traders use wire transfer to withdraw funds, it will take about 3 working days to arrive. If you withdraw money by credit card, it will not take more than five working days to arrive in your account. UnionPay RMB withdrawal is the fastest way to withdraw money. It will arrive in your account in 1-2 working days, usually within 1 working day.

General platforms conservatively say that it takes 1-3 working days for withdrawals to be relatively normal. If the withdrawal processing speed is fast, it can arrive in your account in a few hours.

That’s it for the introduction of credit card withdrawals.