Local Bank Transfer (LATAM, Malaysia, Indonesia) FAQs

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. Please check…

What is Local Bank Transfer (LATAM, Malaysia, Indonesia)?

Local Bank Transfer facilitates payments via online banking. Local Bank Transfer is available in Peru, Costa Rica, Argentina, Chile, Colombia, Ecuador,…

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

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…

Why did my Local Bank Transfer fail?

Transactions may fail due to several reasons, such as: -    Payment validation is incomplete. -    The online banking service of your…

Are there deposit limitations for Local Bank Transfer?

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…

Can I withdraw through Local Bank Transfer?

Unfortunately withdrawals are not available through Local Bank Transfer at this time. Please login to MyFXCM and choose an alternative withdrawal method. …

What currency can I deposit through Local Bank Transfer?

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…

Can I use Local Bank Transfer to fund my corporate trading account?

Yes, however the corporate bank account name must match the corporate name with FXCM. …

Can I complete my Local Bank Transfer in a bank branch?

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…

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 two days of receipt on business days.  …