Bank Transfers
Updated:
This list features forex brokers that support bank transfers for account deposits and withdrawals.
Brokers supporting Bank Transfers
RoboForexRead review- Minimal spreads
- Fast withdrawals
Forex4youRead review- Withdrawal requests are typically processed within two hours
- Scalping is allowed
EXNESSRead review- Low spreads
- Very fast trade execution
DukascopyRead review- One of the most reliable banking brokers
- Transactions are executed very quickly
TD AmeritradeRead review- No documented advantages.
- Read review
Interactive BrokersRead review- US broker with over 40 years in the industry, founded in 1978
- Regulated by multiple top-tier authorities, including the CFTC, FCA, and ASIC
Saxo BankRead review- Wide range of tradable instruments
- Strong regulatory compliance and security measures
FXOpenRead review- No-deposit bonus up to $10 for new accounts
- Tight spreads and low commissions on ECN accounts
Grand CapitalRead review- Binary options trading available
- No-deposit bonus of up to $500 within 7 days, with profits withdrawable
BDSwissRead review- No standout advantages identified in this review.
FxviewRead review- Scalping-friendly trading conditions
- 100% deposit bonus available
IGRead review- One of the largest international forex brokers
Land-FXRead review- Regulated in the UK by the FCA and in New Zealand by the FMA
- ECN account model offers competitive pricing
AAATradeRead review- Competitive commissions
- Client funds held in Swiss banks
ICM CapitalRead review- No advantages listed.
MultiBank GroupRead review- Regulated across multiple international jurisdictions
- Low forex and CFD fees
ThinkMarketsRead review- No specific advantages are documented for ThinkMarkets.
- Read review
LCGRead review- No notable advantages are documented for this broker.
SkillingRead review- Affiliate program lets users earn by referring new traders
FXTMRead review- ECN accounts with tight spreads
- Broad range of forex pairs
- Read review
FIBOGroupRead review- Cent accounts available
- Scalping permitted
Plus500Read review- Regulated by the FCA
- Also licensed by CySEC and ASIC
AxiRead review- No specific advantages are documented for Axi.
Admiral MarketsRead review- Low spreads and reliable trading conditions
- Daily market analysis and quality forecasts
Forex.comRead review- No specific advantages are documented for this broker.
easyMarketsRead review- No notable advantages identified.
AvaTradeRead review- Regulated in multiple jurisdictions with a solid reputation
- Broad instrument range spanning currency pairs, CFDs, and cryptocurrencies
AmarketsRead review- Demo account lets you trade using virtual money
- Simple deposit and withdrawal process
FP MarketsRead review- No standout advantages identified for this broker.
CMC MarketsRead review- No differentiating advantages are identified for CMC Markets.
One RoyalRead review- No notable advantages have been identified.
ActivTradesRead review- Wide range of instruments
- Fast platform with strong industry recognition
Markets.comRead review- No specific advantages are documented for this broker.
SwissquoteRead review- No specific advantages listed.
Forex.eeRead review- No notable advantages identified.
FXCMRead review- Strong reputation as an established broker
- One account covers the full range of markets
GKFXRead review- No standout advantages identified in available reviews
IFC MarketsRead review- No advantages listed.
- Read review
ForexVoxRead review- No specific advantages identified
XTBRead review- No genuine advantage is documented in the available user feedback — the submitted comment describes an unrelated bitcoin investment scam and a referral to a third-party recovery service, not a report on XTB itself.
YadixRead review- No advantages are documented for this broker.
FXPrimusRead review- No standout advantages on record.
NordFXRead review- No specific advantages were reported for this broker.
FinamRead review- User-friendly platform for trading stocks and futures
- Wide range of tradable instruments
TIO MarketsRead review- The broker has no advantages.
FxProRead review- Withdrawals are processed quickly
- Deposits are insured
Traders TrustRead review- No standout advantages identified.
M4MarketsRead review- Solid platform choice, plus crypto deposit support.
- Well-designed account types with competitive spreads.
Blackwell GlobalRead review- No specific advantages are listed for this broker.
Rakuten SecuritiesRead review- No specific advantages are documented for this broker.
InfinoxRead review- Regulated in the UK by the FCA
- IX Social app supports social and copy trading
TeraFXRead review- No specific advantages are documented for TeraFX.
eToroRead review- Commission-free stock and ETF trading
- Social trading via CopyTrader and CopyPortfolios
BCSRead review- Very narrow spreads
- Wide choice of trading instruments, including stocks of Russian and foreign companies
City IndexRead review- No specific advantages identified in this review.
EverFXRead review- No standout advantages were identified.
PepperstoneRead review- Regulated by ASIC and FCA
- Low commissions on Forex and CFDs
CXM TradingRead review- No notable advantages identified.
AtioraRead review- No standout advantages identified in our review
FXGiantsRead review- $35 no-deposit bonus
- Demo contest with a $5,000 prize fund
TradersWayRead review- No standout advantages identified.
OrbexRead review- High liquidity from Tier 1 banks for reliable, fast trade execution.
SberbankRead review- Wide range of trading instruments, including stocks and indices, via eToro's platform
- Copy-trading tools let you mirror other traders' positions
IFS MarketsRead review- No notable advantages found.
AAAFxRead review- Zero-commission trading available
- 100% deposit bonus offered
OctaFXRead review- Regulated internationally by CySEC
- MT4 trading platform
LiteForexRead review- Regular trading contests with real cash prizes
- Low $1 minimum deposit
ACY SecuritiesRead review- No Dealing Desk (NDD) execution
- ECN/STP order model
NAGARead review- Regulated broker with copy trading and access to real stocks.
- Copy trading is well executed, and customer support is responsive and reliable.
Squared FinancialRead review- No standout advantages are documented for this broker
FondexRead review- No specific advantages are documented for this broker.
NSBrokerRead review- No advantages have been identified for this broker.
TradeViewRead review- No specific advantages are documented for TradeView.
ErranteRead review- No specific advantages are noted for this broker.
Swiss MarketsRead review- STP execution with narrow spreads
- Quick, simple account opening and verification
TickmillRead review- Regulated by the UK's FCA
- Fast withdrawal processing
FXDDRead review- No standout advantages identified
TMGMRead review- No specific advantages listed.
House of BorseRead review- No advantages are documented for this broker.
TenkoFXRead review- No documented advantages.
LeoPrimeRead review- No notable advantages are documented for this broker.
- Read review
ClickTradesRead review- No differentiating advantages are identified for ClickTrades.
ADSSRead review- No advantages identified
PF DerivativesRead review- No specific advantages identified from available information
AccentForexRead review- No standout advantages are documented for this broker.
DarwinexRead review- No standout advantages are documented for this broker.
Blueberry MarketsRead review- The broker has no advantages.
WeltradeRead review- High-speed trade execution
- Welcome bonus of $50 with promo code BONUS50
FXFlatRead review- Based in France
- Up to €500,000 guaranteed on deposits
Arum CapitalRead review- No documented advantages are available for this broker.
Your triomarketsRead review- Wide range of tradable instruments
- Fully regulated, pure STP broker
AmegaRead review- $40 no-deposit bonus for new clients
- In-house PAMM account service for passive income
PhillipCapital UKRead review- No advantages identified
FirewoodFXRead review- No specific advantages reported
- Read review
101investingRead review- No standout advantages identified.
EquitiRead review- No specific advantages are noted for this broker.
InstaForexRead review- Large selection of trading instruments
- Bitcoin trading available
UFXRead review- No specific advantages are documented for UFX.
Scandinavian Capital MarketsRead review- Regulated ECN broker (Finansinspektionen, Sweden)
- Choice of cTrader, Currenex, and MetaTrader 4 platforms
Trade360Read review- No significant advantages identified.
AxioryRead review- No specific advantages are documented for Axiory.
PaxForexRead review- No distinct advantages noted
AlvexoRead review- No standout advantages identified for this broker.
AdroFxRead review- Accepts cryptocurrency account funding
AlpariRead review- Cash-prize contests and promotions
- 17 years operating in the market
FxPigRead review- No standout advantages on record.
Trade NationRead review- No specific advantages listed.
Anzo CapitalRead review- Fast deposits and withdrawals
- Responsive customer support
FXGMRead review- Regulated by CySEC (Cyprus) and FSCA (South Africa)
- Loss protection on your first ten trades
OtkritieRead review- Solid choice for stock-market trading
BCRRead review- No specific advantages are documented for this broker.
World ForexRead review- No advantages identified.
LQDFXRead review- No meaningful advantages identified.
Advanced MarketsRead review- MAM terminal for managed accounts
BrokereoRead review- No standout advantages identified.
ETFinanceRead review- Regulated by CySEC (Cyprus Securities and Exchange Commission)
LMFXRead review- No advantages identified
TradeATFRead review- Wide range of tradable instruments
- No charges on withdrawals
HugoFXRead review- No advantages are documented for this broker.
EagleFXRead review- No notable advantages identified.
ABinvestingRead review- No advantages identified
NTFXRead review- Regulated by CySEC.
- Standard, unremarkable trading terms.
VTB24Read review- No meaningful advantages identified for traders.
XMRead review- No genuine advantages stand out — recent user reports flag XM as a scam operation.
A bank transfer moves funds directly between your personal bank account and your broker's account, and is one of the most widely accepted ways to fund and withdraw from a forex trading account. It is generally secure, but slower than card or e-wallet payments and can involve extra fees or currency conversion costs.
How bank transfers work for forex deposits and withdrawals
To deposit, you send funds electronically from your bank account to the broker's account, using the reference details on your trading account. Withdrawals reverse the flow: the broker sends funds from its account back to your registered bank account.
Advantages and drawbacks
- Processing time: bank transfers can take several business days to clear, unlike instant card or e-wallet deposits.
- Fees: the sending bank, the receiving bank, or both may charge a transfer fee that reduces the amount reaching your trading account.
- Currency conversion: if your bank account and trading account use different currencies, the exchange rate applied during the transfer affects the final amount.
- Cross-border checks: international transfers can be subject to extra compliance checks that add delay.
Bank transfers vs other payment methods
| Feature | Bank Transfer | Credit Card | E-Wallet | Cryptocurrency |
|---|---|---|---|---|
| Security | High | High | Medium | Variable |
| Processing time | Slow (days) | Fast | Fast | Fast |
| Fees | Variable | Low to medium | Low | Low to none |
| Currency conversion | Bank rates | Card issuer rates | Platform rates | Market rates |
Choosing a broker for bank transfers
Bank transfer terms differ between brokers: processing time, minimum transfer amount, and who absorbs the fees all vary. Check a broker's payment page for its specific bank transfer terms before funding an account, and confirm the receiving account details directly with the broker to avoid sending funds to the wrong destination.