Bank Wire Forex Brokers & CFD Providers
If you're looking to deposit large sums, a bank transfer may be your only option. Compare brokers and CFD providers that accept bank wires in 1 click.
Why deposit through bank wire?
- No limit on the maximum amount you can deposit.
- Cheaper than funding through your credit card.
- Keep your credit or debit card details private.
If you're looking to deposit large sums into your online trading account, we recommend sending the funds through bank wire. Most brokers and CFD providers place no restrictions at all on the amounts you can deposit through bank wire, which makes this payment method best suited for large sums of money.
In contrast, most will either cap the amounts you can deposit through credit card between US$ 10,000 and US$ 15,000 or ask that you hold them harmless in the event of credit card fraud. In practice, a bank wire may be your only option if you are looking to deposit sums above those thresholds.
Note that your bank may restrict the amounts you can transfer on a daily or weekly basis. This may require you to break the payment up into several transactions.
Bank wire fees
Your bank, your broker's bank and any intermediary banks may charge you for the transfer. Bank charges are usually low and fixed regardless of the amount sent. Some banks charge nothing for domestic bank wires but fees are common for international payments. Please speak to your bank if you are in doubt.
HotForex (HotForex.com) will refund any bank wire fees upon presentation of your transfer receipt when you deposit over US$ 250.
In addition, your broker may also levy a charge on incoming bank wire deposits. However, this has become a relatively rare occurence and few brokers charge you for depositing money.
How long will it take?
Approximately one to two business days for domestic payments and between three to five business days for international payments.
- Related articles
- Bank Wire Forex Brokers & CFD Providers
- Credit Card Forex Brokers
- Debit Card Forex Brokers
- China UnionPay Forex Brokers
- Skrill Forex Brokers
- MoneyGram Forex Brokers
- NETELLER Forex Brokers
- paysafecard Forex Brokers
- Paypal Forex Brokers
- Perfect Money Forex Brokers
- WebMoney Forex Brokers
- Western Union Forex Brokers
Trade 45+ currency pairs, Spot Metals and Spot CFDs with market execution and no requotes. Scalping ... MoreTrade 45+ currency pairs, Spot Metals and Spot CFDs with market execution and no requotes. Scalping and all EAs allowed on MetaTrader 4 or MetaTrader 5. Available swap-free.
Risk warning ?
Trade Forex and CFDs on indices, metals and energies with a true ECN broker. Your orders are ... MoreTrade Forex and CFDs on indices, metals and energies with a true ECN broker. Your orders are forwarded onto 21 liquidity providers for lightning-fast execution. All MT4 Expert Advisors are allowed, including scalping and hedging EAs.
Trade 69 currency pairs, spot indices, energies, metals and shares on fixed spreads with instant ... MoreTrade 69 currency pairs, spot indices, energies, metals and shares on fixed spreads with instant execution. Spreads are fixed over certain time periods, but vary throughout the day. All EAs are allowed.
Risk warning ?