Dormant accounts are those which have had previous activity and have:• No performed activity for a period of six consecutive months; or• Dropped to zero balance for a period of six consecutive months.
In order to ensure compliance with industry best practices and guidance, FXCM must have systems and controls in place to deal with dormant accounts or relationships, to be able to identify future reactivation and unauthorized use.
Transactions may fail due to several reasons, such as: - Payment validation is incomplete. - The online banking service of your bank account has not yet been activated. Please contact your bank for activation. - There are…
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After completing the deposit steps in MyFXCM, you will be redirected to log into your online banking account to authorize the payment and the requirements may vary by bank.
FXCM doesn’t apply any deposit limitations, however our local partners and/or your bank might apply limits. Please log in to your account in MyFXCM and select Local Bank Transfer in order to check for limits. Please read your bank’s online…
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Funds will typically be credited into your trading account within two days of receipt on business days.
FXCM has waived the transaction fee charged by the service provider for each transaction. However your bank may charge you for service fee. Please check with your bank as fees may vary.
Unfortunately withdrawals are not available through Local Bank Transfer at this time. Please login to MyFXCM and choose an alternative withdrawal method.
Local Bank Transfer will be received by FXCM in USD and the local currency equivalent amount will be debited from your bank account. If your FXCM account is not USD denominated, the transaction will be automatically converted to the base…
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Yes, however the corporate bank account name must match the corporate name with FXCM.
Yes, after you login to your account in MyFXCM and go to the Deposit section, you will see which local banks are offering the Offline Transfer option. If your bank offers it, you will have to follow the steps and…
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Local Bank Transfer facilitates payments via online banking. Local Bank Transfer is available in Peru, Costa Rica, Argentina, Chile, Colombia, Ecuador, Malaysia, Indonesia. Please login into MyFXCM with your live account username and password to see which local banks we…
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