Banking system with FXOpen is very detailed. Everything is well explained in a special section of their website.
They support bank wire transfers that have minimum deposit limit of $25. These deposits are processed within 3 days.
Local transfer is a method available in Malaysia, China, Indonesia, and Thailand. There are no limitations, and the transfer takes as long as traditional bank wire.
Netbanx is a payment method available only to Chinese traders. Minimum deposit is CNY10.
Credit cards – MasterCard, Visa, Visa Electron, Maestro, Discover, JCB and others.
E Wallets – Skrill, Neteller, WebMoney, QIWI, PerfectMoney, SorexPay, YandexMoney, FasaPay, IntellectMoney, RBK Money.
Prepaid cards are available as well.
Cryptocurrencies can be used for depositing in case of Bitcoin, Litecoin, Ethereum, Tether, and Emercoin.
Minimum withdrawals are as follows:
- Bank wire – $100
- Credit card – $10
- Bitcoin – 0.01BTC
- Litecoin – 0.1 LTC
- eWallets – from $1
FXOpen also charges some fees that won’t make many traders happy.
Bank Wire Fees – Depending on the currency of transfer: 45 USD, 1500 RUB, 30 EUR, 25 GBP, 30 CHF, 30 AUD, 3000 JPY for withdrawals; plus possible additional fees for depositing.
Credit Cards: 2.29%+0.22 for deposits, and 2% (min 6.5 EUR or 7.5 USD) or 2.5% + RUB 50 for a withdrawal
UnionPay: 3.5% + 2 CNY for deposit, and 10 CNY (RMB) for a withdrawal
Ewallets – fees may vary depending on the service provider
Cryptos – usually involves a withdrawal fee only
FXOpen is owned by FXOpen Markets Limited, registered in Nevis under the company No. C 42235.