You can withdraw funds from your FXCM trading account to your debit card. Log in to your MyFXCM account, or watch this video to see detailed
FXCM offers several methods of withdrawal for the convenience of our clients. Withdrawing funds from your FXCM trading account via one of these methods can be done in a few easy steps. From the homepage of the FXCM website, hover over Log In, and click My Account. You will be routed to the MyFXCM login page. Log in using the same ID and password used to access the Trading Station. It is important that you do not copy and paste your login information. Doing so may cause extra spaces or unwanted characters to be included.
Once logged in, click on Withdraw Funds. The available withdrawal options will be displayed in the Withdraw Method section. These options are determined based on the location of your bank. It is important to note, in order to receive funds via credit or debit card, you must have previously deposited funds into your FXCM trading account using your credit or debit card. In addition, funds cannot be returned to a credit or debit card that you have not used to fund your account.
Credit or debit card deposits made to FXCM are processed as a purchase on the card. Therefore, withdrawals to that card are processed as a refund. For this reason, the amount withdrawn via credit or debit card cannot exceed the original amount deposited. Profit may be returned to you via one of our other withdrawal methods. Select the "Withdrawal by Credit or Debit Card" option, then click continue. Ensure that the account number listed is the account from which you want to withdraw funds. Then enter your desired withdrawal amount.
If you are withdrawing the full balance of your account, you may specify whether or not you would like to close your account. If you choose to keep your account open, you may redeposit funds into that account up to six months after the full balance was withdrawn. If you choose to close your account, you will be required to submit a new application to reopen your trading account with FXCM in the future. If you would like to provide a reason for your withdrawal or any additional banking instructions, you may do so in the spaces provided.
Next, re-enter your password for security reasons. Then, press Continue. You will be given the opportunity to review your withdrawal before submitting it to be processed. Take a quick moment to review the information to ensure everything has been entered correctly. Once verified, click Submit. Once your withdrawal has been submitted, you will be shown a Withdrawal Confirmation page. You may select to print and/or save the confirmation page for your records.
If you do not wish to print and/or save a copy of your withdrawal request, click Done. Once your credit card withdrawal has been submitted, please allow three to five business days for the funds to be reflected on your card. Some credit card vendors may not post the refund to your account until the next billing cycle. If you have any questions regarding your withdrawal, please refer to the FAQs located under the Support tab of our main website. If you are unable to find the answer to your question in the FAQs, feel free to contact our office at any time.