Local Bank Transfer facilitates payments via online banking. If you own a bank account with one of the local Philippines banks, you may now fund your trading account with FXCM by logging into MyFXCM with your live account username and…
FXCM has waived the transaction fee charged by the service provider for each transaction. However your bank may charge you for service fee and verification fee. Please check with your bank as fee may vary.
Transactions may fail due to several reasons, such as: - You may have entered a deposit amount at bank which is different from the amount listed in payment instruction email. - Payment validation is incomplete. - The online banking service…
You will be redirected to log into your online banking account to authorize the payment and the requirements may vary by bank.
Minimum deposit amount is PHP 2,500 and maximum deposit amount is PHP 250,000. However, the transaction limits may differ based on the bank you select. Please read your bank’s online banking instructions carefully.
Local Bank Transfer will be received by FXCM in USD and the local currency (PHP) equivalent amount will be debited from your bank account.
Funds will typically be credited into your trading account within one day of receipt on business days.
Since FXCM receives a USD deposit but you are paying in local currency (PHP) from your bank account, the service provider will convert your local currency (PHP) to USD prior to sending the funds to FXCM. The deposit conversion rate…
No, withdrawal through Local Bank Transfer is currently not available. Please choose an alternative withdrawal method in MyFXCM.