The best Forex brokers offering instant withdrawal options to clients, according to our research, are:
- Pepperstone
- eToro
- IC Markets
- FP Markets
- HFM
- FBS
- FxPro
- ActivTrades
- Vantage
- Axiory
To compile this list we have taken into consideration a number of factors including:
- The trustworthiness of the broker
- The withdrawal processing speed
- The withdrawal methods allowed
- The commissions charged per withdrawal
Keep in mind that the payment method chosen for the deposit will be the same the forex broker will require for the withdrawal.
So, if you decide that easy and fast withdrawals are your priority, you should select the deposit method accordingly.
What are the best forex brokers for instant withdrawals?
Below our curated list and review of the best forex brokers with instant withdrawals, offering insights into their standout features and attributes.
Pepperstone
Pepperstone provides fast withdrawals via credit/debit cards and eWallets. Pepperstone uses PayPal, Neteller, and Skrill. Pepperstone processes bank wire withdrawals in 3-5 days, ensuring no withdrawal fees.
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About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- Pepperstone provides fast withdrawals for retail investor accounts through credit and debit cards, as well as with eWallets such as PayPal, Neteller, and Skrill.
- Bank wire withdrawals may take up to 3-5 days to reach your account.
- Pepperstone, like many brokers, doesn’t charge withdrawal fees.
- With Pepperstone you can withdraw in AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, or HKD depending on your location.
- Pepperstone accounts can be opened with $200.
- At Pepperstone, over 60 forex pairs are provided with spreads from 0 pips.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,09 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
eToro
eToro enables instant withdrawals with eToro Money Wallet. eToro uses PayPal, Neteller, Skrill, Trustly, and iDEAL for fast withdrawals within 2 business days. eToro charges a $5 withdrawal fee.
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About eToro
eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.
eToro Features
The features of eToro are listed below.
- Withdrawals with eToro Money (eToro Wallet) are instant.
- Other withdrawal methods at eToro may take up to 10 business days.
- For a faster withdrawal of about 2 business days with eToro you must choose a withdrawal option of PayPal, Neteller, Skrill, Trustly or iDEAL.
- 5 USD flat fee for withdrawals.
- The eToro account is in USD, so you may get charged a conversion fee for withdrawals if your bank account is not in USD.
- eToro Money withdrawals do not charge conversion fees.
- The eToro minimum deposit depends on your location, and it goes from $50 until $10.000.
- 45+ forex pairs are provided by eToro with spreads from 1 pips.
eToro Pros and Cons
Advantages of eToro
The advantages of eToro are listed below.
- Great copy trading and social trading features
- Wide range of asset classes
- It allows to buy fractional stocks from $10
Disadvantages of eToro
The disadvantages of eToro are listed below.
- The eToro spreads can be high
- Offers only USD accounts
- Transferring cryptocurrencies to other platforms can be hard
IC Markets
IC Markets offers instant withdrawals through eWallets like Skrill, Neteller, and PayPal. IC Markets processes other withdrawals in 2-5 business days.
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About IC Markets
IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.
IC Markets Features
The features of IC Markets are listed below.
- IC Markets is one of the brokers with instant withdrawals but you must choose from eWallets such as Skrill, Neteller, and Paypal.
- Other withdrawal options at IC take between 2 and 5 business days to get processed.
- You can withdraw in AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF.
- Clients can open an IC Markets account with $200.
- IC Markets offers 60+ forex pairs with spreads as low as 0 pips.
IC Markets Pros and Cons
Advantages of IC Markets
The advantages of IC Markets are listed below.
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
Disadvantages of IC Markets
The disadvantages of IC Markets are listed below.
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
FP Markets
FP Markets supports instant withdrawals with over 20 methods and processes most within 1 business day. FP Markets ensures no withdrawal fees in most cases.
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About FP Markets
FP Markets is an Australian-based global forex and CFD broker founded in 2005. FP Markets offers trading on over 10,000 instruments including forex, stocks, indices, commodities, and cryptocurrencies. FP Markets provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FP Markets is regulated by multiple authorities including ASIC, CySEC, and FSA. FP Markets is known for tight spreads, fast execution, and extensive educational resources. The FP Markets CEO is Craig Allison.
FP Markets Features
The features of FP Markets are listed below.
- FP Markets is a well-regulated broker offering over 20 withdrawal methods, and most of them process withdrawals within 1 working day.
- FP Markets doesn’t charge withdrawal fees on most withdrawal methods, including wire transfers.
- Many currencies are available depending on the method and your location, like USD, EUR, GBP, CHF, HKD, JPY, NZD, SGD, PLN, AED among the others.
- The minimum deposit requested by FP Markets top open a trading account is $100.
- 70+ forex trading pairs are available at FP Markets with spreads from 0 pips.
FP Markets Pros and Cons
Advantages of FP Markets
The advantages of FP Markets are listed below.
- Broad Instrument Offering
- Competitive Spreads
- Multiple Trading Platforms
Disadvantages of FP Markets
The disadvantages of FP Markets are listed below.
- High Fees for International Withdrawals
- Outdated Platform Design
HFM
HFM allows instant withdrawals via Skrill, Neteller, and FasaPay. HFM processes other withdrawals in 2-10 business days.
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About HFM
HFM, formerly known as HotForex, is a global multi-asset broker founded in 2010. HFM offers trading on forex, stocks, commodities, indices, and cryptocurrencies through MetaTrader and proprietary platforms. HFM is regulated by multiple authorities including FCA, CySEC, and FSCA. HFM is known for competitive spreads, fast execution, and extensive educational resources. HFM serves over 3.5 million clients worldwide. The HF Markets Group CEO is George Koumantaris.
HFM Features
The features of HFM are listed below.
- HFM offers instant withdrawals via Skrill, Neteller, and FasaPay.
- Other withdrawal methods at HFM take between 2 and 10 business days to get processed.
- Currencies: USD, EUR, NGN, JPY (availability depends on your location).
- The minimum deposit to open an HFM trading account is $0.
- The forex broker provides 45 forex trading pairs with spreads from 0 pips.
HFM Pros and Cons
Advantages of HFM
The advantages of HFM are listed below.
- High Leverage Options
- Low Minimum Deposit
- Wide Range of Trading Instruments
Disadvantages of HFM
The disadvantages of HFM are listed below.
- Higher Trading Costs
- Limited Educational Resources
FBS
FBS processes withdrawal requests in 15-20 minutes, except wire transfers in 2 days. FBS charges withdrawal commissions starting from $1.
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About FBS
FBS is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. FBS provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FBS is regulated by multiple authorities including CySEC, ASIC, and IFSC. FBS serves over 27 million clients in 150+ countries. FBS is known for low minimum deposits, extensive educational resources, and copy trading services.
FBS Features
The features of FBS are listed below.
- Generally, a withdrawal request at FBS is processed in 15-20 minutes, with the exception of wire transfers (2 business days).
- FBS does charge commissions from $1 for withdrawals.
- Currencies available include the USD, and EUR.
- The forex broker requires a minimum deposit starting from $1.
- 35 forex pairs are offered alongside spreads from 0 pips when trading with FBS.
FBS Pros and Cons
Advantages of FBS
The advantages of FBS are listed below.
- Low minimum deposit
- User-Friendly Platforms
- 90 international awards
Disadvantages of FBS
The disadvantages of FBS are listed below.
- Limited Financial Instruments
FxPro
FxPro processes all withdrawals within 1 business day. FxPro avoids charging withdrawal commissions but notes that financial institutions might impose fees.v
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About FxPro
FxPro is a global online broker founded in 2006, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. FxPro provides multiple trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Platform. FxPro is regulated by multiple authorities including FCA, CySEC, SCB, FSC and KNN. FxPro serves clients in over 170 countries and has won numerous industry awards. The FxPro CEO is Charalambos Psimolophitis.
FxPro Features
The features of FxPro are listed below.
- FxPro offers a wide range of solutions to withdraw profits and funds in general, and all withdrawals are processed within 1 business day.
- FxPro doesn’t charge commissions for withdrawals, however, your financial institution may charge them.
- Currencies available include the USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR.
- FxPro’s minimum deposit is $100.
- Over 70 FxPro forex pairs are provided with spreads as low as from 0 pips.
FxPro Pros and Cons
Advantages of FxPro
The advantages of FxPro are listed below.
- Regulated and Trusted Forex broker
- Diverse Trading Platforms
- Wide Range of Instruments
Disadvantages of FxPro
The disadvantages of FxPro are listed below.
- Inactivity Fee
- Limited Educational Resources
- No Guaranteed Stop-Loss Orders
ActivTrades
ActivTrades processes withdrawals within 1 business day. ActivTrades supports various methods without charging commissions, except wire transfers with a $9 fee.
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About ActivTrades
ActivTrades is a global online broker founded in 2001, offering trading on forex, CFDs, indices, shares, commodities, and ETFs. ActivTrades provides MetaTrader platforms and its proprietary ActivTrader platform. ActivTrades is regulated by multiple authorities including the FCA. ActivTrades serves clients in over 140 countries and is known for competitive spreads and innovative trading tools. ActivTrades recently introduced zero commission on shares and fractional trading. The ActivTrades CEO and founder is Alex Pusco.
ActivTrades Features
The features of ActivTrades are listed below.
- Withdrawals at ActivTrades are processed within 1 business day.
- At ActivTrades you can withdraw funds via bank transfer, credit/debit card (VISA), Neteller, Skrill, and AstroPay.
- Generally speaking, ActivTrades doesn’t charge commissions during the withdrawal process with the exception of wire transfers (9$ commission).
- Currencies available include CHF, GBP, USD, and EUR. Availability may depend on your location.
- ActivTrades clients are not required to make a minimum deposit.
- There are 45+ forex pairs offered by ActivTrades with spreads from 0.5 pips.
ActivTrades Pros and Cons
Advantages of ActivTrades
The advantages of ActivTrades are listed below.
- Low Trading Costs
- User-Friendly Platforms
- Regulatory Compliance
Disadvantages of ActivTrades
The disadvantages of ActivTrades are listed below.
- Limited Product Range
- Withdrawal Fees
Vantage
Vantage processes withdrawals within 1 business day; cards may take 5 days. Vantage charges fees for Neteller (2%) and Skrill (1%).
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About Vantage
Vantage is a global multi-asset broker founded in 2009, offering trading on forex, CFDs, commodities, indices, shares, and cryptocurrencies. Vantage provides MetaTrader 4, MetaTrader 5, and proprietary platforms. Vantage is regulated by multiple authorities including ASIC, FCA, and CIMA. Vantage is known for fast execution, competitive spreads, and extensive educational resources. Vantage serves over 3 million registered users worldwide. The Vantage CEO is David Shayer.
Vantage Features
The features of Vantage are listed below.
- Withdrawals at Vantage take 1 business day to get processed. However, withdrawal with credit or debit cards may take up to 5 business days.
- Vantage doesn’t charge fees on withdrawals with the exception of Neteller and Skrill.
- Neteller withdrawals at Vantage charge a 2% fee on withdrawals capped at $30, while Skrill charges a 1% fee.
- Currencies available depending on your location include USD, EUR, GBP, AUD, SGDS, CAD, NZD, JPY, HKD, and PLN.
- Vantage requires a minimum deposit of $50 when trading forex or other markets.
- 40+ forex pairs can be traded through a brokerage account with Vantage and spreads are as low as from 0 pips.
Vantage Pros and Cons
Advantages of Vantage
The advantages of Vantage are listed below.
- Competitive spreads and low commissions
- Strong range of asset classes
Disadvantages of Vantage
The disadvantages of Vantage are listed below.
- Not available to US traders
- Customer service could be improved
Axiory
Axiory provides instant withdrawals, except for bank transfers in 3-10 days. Axiory charges no withdrawal fees.
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About Axiory
Axiory is a global online broker founded in 2012, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Axiory provides MetaTrader 4, MetaTrader 5, and cTrader platforms. Axiory is regulated by the International Financial Services Commission (IFSC) of Belize. Axiory is known for competitive spreads, fast execution, and extensive educational resources. Axiory offers various account types including ECN accounts. The CEO of Axiory is Roberto d’Ambrosio.
Axiory Features
The features of Axiory are listed below.
- Axiory is one of the brokers with instant withdrawals facilitated with the exception of the bank transfer withdrawal process which takes up 3-10 working days.
- Instant withdrawals, however, are not available if the selected currency is EUR or USD.
- Axiory doesn’t charge fees on withdrawals.
- $10 is the minimum deposit requested by Axiory.
- Axiory enables more than 60 pairs for trading in the forex market with spreads from 0.2 pips.
Axiory Pros and Cons
Advantages of Axiory
The advantages of Axiory are listed below.
- Competitive Spreads
- Diverse Account Types
- Robust Educational Resources
Disadvantages of Axiory
The disadvantages of Axiory are listed below.
- Limited Regulation
- High Inactivity Fees
- Withdrawal Fees
How to choose the best broker for withdrawals
Naturally, you want to choose a trustworthy forex broker. Easy withdrawal though is also a major point to consider.
With that said, it is important to always stick with regulated forex brokers in order to make sure you will be able to withdraw funds not only quickly, but safely.
Scam forex brokers tend to hold your profits and eventually block you from withdrawing. This will not happen with a reliable broker who is well-regulated.
Pay attention to withdrawal commissions as they can vary based on the payment method selected and on the broker.
Again, a reliable broker will most likely have more attractive fee structures.
How to withdraw money instantly from your forex account
Finding brokers with instant withdrawals can be a big plus for many traders. There are a few steps to take first though before making any instant withdrawal.
Before withdrawing the money you need to have your identity confirmed.
Follow the KYC procedure of the broker. Here you have to:
- Provide a proof of address
- Provide a proof of identity
- Provide answers to some questions about your trading knowledge
This helps to prevent money laundering. All regulated brokers will have this procedure.
The withdrawal method has to match the method of depositing funds, so you should use the appropriate deposit method from the beginning.
There are usually many withdrawal options, but the fastest and easiest way to withdraw money from a forex broker tends to be eWallets such as PayPal, Skrill, or Neteller. These electronic payment systems may not be instant withdrawals, but are pretty fast.
These methods, though, charge higher than average fees compared to other deposit methods. One method that charges virtually zero fees are wire transfers, however they are far from being instant withdrawals and can take up to 7 business days to process.
Credit and debit cards are the middle ground between the 2, however withdrawals are not that easy since you can withdraw only what you have deposited. Plus, withdrawals are generally slower than other methods.
WITHDRAWAL METHODPROCESSING TIMECOMMISSIONSWire Transfr WithdrawalsUp to 7 business daysGenerally freeCard WithdrawalsUp to 5 business daysGenerally freeeWallets WithdrawalsWithin 1 business dayGenerally 1%
Can you withdraw money to a different bank account?
Whether you are dealing with one of the instant withdrawals brokers or not, one of the big questions to pop up is related to withdrawing money to a different bank account.
This can only be done if the account is in your name and has been verified by the broker. It also depends on a number of other factors.
Card deposits: can be requested by wire transfer or other withdrawal methods only if the destination of the money is the card that made the deposit. Before you can change your withdrawal method, you have first to withdraw the amount of money you have deposited. You can withdraw the profits with other withdrawal methods.
Deposits in general: it is not possible to withdraw money with a different account than the one that made the deposit, unless the trader proves to the broker that the account is in his or her name (usually with a deposit or by providing a bank statement)
Deposit with two accounts: it is possible to withdraw money with one or the other, however, first the amount initially deposited must be withdrawn with each.
What can impact withdrawal times at trading brokers?
Forex brokers with instant withdrawals may change their offering depending on a number of factors. In fact, instant withdrawals may not be available or be impacted by:
- The geographic area of the trader
- The currency chosen for withdrawal
- The type of account chosen for withdrawal
Some geopolitically problematic countries (countries at war, countries with high corruption or criminal activities, countries where money laundering is more prevelant) may experience withdrawal delays because banks and the broker must perform additional checks before sending the money.
Typically, deposits in EUR, USD, GBP, AUD, and JPY are processed fairly quickly because banks often have immediate availability of these currencies.
Withdrawals, on the other hand, in less “common” currencies such as CAD (Canadian Dollar) or ZAR (South African Rand) could lead to longer waits.
In addition, withdrawing in crypto may require a longer time.
Your bank account is also important. If you are using a checking account to withdraw the money, the withdrawal times are generally short.
However, on a savings account (such as an ISA account), the time might be longer.
Is KYC required by forex brokers to withdraw money?
The KYC process is required by all brokers in order to perform any deposit or withdrawal transaction within the account.
In fact, the KYC process is required at the time of opening a real account
There are some cases where KYC is not required for deposit, such as eToro which does not require it for deposits below $2250.
However, KYC is required for withdrawals and to deposit higher amounts.
Once the KYC is completed you will always be able to withdraw money from your account.
When is it possible to withdraw money from the forex account?
You will be able to withdraw the money any time, immediately after depositing it, if the broker is regulated and you have completed the KYC procedure.
However, there are “types” of funds that you will not be able to withdraw, which include the following:
- Money that is still invested
- Money that covers your margin
- Deposit bonus money
- Virtual amounts in the demo account
For example, if you have a total of $1000 in your account, but $700 of that is committed to open positions, you can withdraw $300 of that (if you are not using leverage).
If you are using leverage, you will also need to consider margin.
If you have $1000 in the account, $300 is committed, and the broker requires you to have at least 50% margin (i.e., $150), that means you can withdraw $550 at most ($1000 – $450).
Deposit bonuses generally cannot be withdrawn under any circumstances.
The only case in which you can withdraw this “free” money provided by the broker at account opening is in case you meet the T&Cs of the bonus itself (usually by generating some trading volume).
However, if you open a trade with the bonus and earn money, this money can be withdrawn.
Demo accounts are test accounts with virtual currency. The currency does not actually exist, and it is an account used to simulate a real account.
It is for practice. The currency therefore cannot be withdrawn because it is virtual.