@

Local Bank Transfer (Philippines banks only) FAQs

What do I need in order to use Local Bank Transfer?

You will be redirected to log into your online banking account to authorize the payment and the requirements may vary by bank.  …

How long will it take for my Local Bank Transfer deposit to appear in my account?

Funds will typically be credited into your trading account within one day of receipt on business days.  …

Will I be charged a fee for currency conversion for Local Bank Transfer?

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…

Can I withdraw through Local Bank Transfer?

No, withdrawal through Local Bank Transfer is currently not available. Please choose an alternative withdrawal method in MyFXCM. …

What currency can I deposit through Local Bank Transfer?

Local Bank Transfer will be received by FXCM in USD and the local currency (PHP) equivalent amount will be debited from your bank account. …

Are there deposit limitations for Local Bank Transfer?

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.…

Why did my Local Bank Transfer fail?

Transactions may fail due to several reasons, such as:  -    You may have entered a deposit amount at bank which is different from the…

Will I be charged a transaction fee for Local Bank Transfer?

FXCM has waived the transaction fee charged by the service provider for each transaction. However your bank may charge you for service fee and…

What is Local Bank Transfer?

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…