You can withdraw funds by ACH, BACS, EFT or SEPA, depending on where you live. Log in to MyFXCM to find details on how to withdraw directly to your bank, or watch this video for step-by-step instructions.
FXCM offers several methods of withdrawal for the convenience of our clients. Withdrawing funds from you 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 you 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 withdrawal method section. These options are determined based on the location of your bank.
If you have a US-dollar-denominated account and your bank is located in the United States, you will have the option to withdraw funds via ACH. If you have a pound-denominated account and your bank is located in the United Kingdom, you will have the option to withdraw funds via BACS. If you have an Aussie-dollar-denominated account and your bank is located in Australia, you will have the option to withdraw via EFT. Finally if you have a euro-denominated account and your back is located within the European Union, you will have the option to withdraw funds via CIPA. Funds withdrawn via any of these methods are processed identical to a wire withdrawal. Except there are no fees. For our example we will use the ACH option. Select Withdrawal by ACH. Then click Continue. You will be given the opportunity to verify the banking information FXCM has on file for your account.
If any of the information shown in this window is incorrect, it is important that you update it. Please note, banking information is required to withdraw funds via ACH, BAX, EFT or CIPA. If there was currently no banking information on file for you, please take a moment to provide your information here. All updates made here will be automatically reflected on your account. Once you have verified your banking information, 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. Re-enter your password for security reasons, then click 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's been added 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 withdrawal has been submitted please allow three to five business days for the funds to be reflected in your bank account. 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.