Withdrawal of money from PaxForex
To withdraw funds, you must:
- Log into myPaxForex .
- Go to the "Deposit / Withdrawal" page.
- Fill in the forex withdrawal form according to the instructions.
All withdrawal requests will be processed daily from 9: 00-18: 00 Server time (GMT + 2).
Withdrawals will not be performed on weekends and holidays. If the withdrawal request was sent after 18:00 (GMT + 2) on the current day, then it will be transferred to the next business day.
Withdrawals of funds are only available to account holders. Transferring money to third parties is prohibited. PaxForex reserves the right to identify a beneficiary.
When withdrawing part of the funds, it is not necessary to close the open positions, however, the amount withdrawn cannot exceed the free margin;
PaxForex does not take responsibility for any losses caused by the lack of money in your Forex account. You must control margin requirements for open positions yourself to minimize risk.
What is the minimum withdrawal amount?
The minimum initial deposit to open a forex account with PaxForex is $ 10 or the equivalent amount in your base currency.
Is there a fee?
PaxForex does not charge any fees for the external transfer of funds from your forex account except for credit / debit card deposits, for which a 2.5% fee is applied to cover a portion of the total charges made by card processors involved in the transactions. For all other withdrawal methods that do not apply fees. Please note that you may be charged for transferring funds via an external method related to PaxForex.
How do I withdraw? Is easy?
Just login to myPaxForex and you will see a variety of forex withdrawal methods for you to use. If you need help deciding which method to use, contact our customer support team via email, phone or live chat; they are available 24/5!
Are my transactions secure?
Yes, PaxForex guarantees safety, security and reliability at all times. Using advanced encryption technology to ensure privacy and security on the Internet. All communication is encrypted using SSL (Secure Socket Layer) technology. Passwords are encrypted; making sure that only you know your password. All personal information is completely confidential; do not share your information with third parties.
- Withdrawal Time: Instant execution between 9: 00-18: 00 Server time (GMT + 2) (Monday - Friday)
- Withdrawal Fees: PaxForex does not apply deposit fees, all fees are paid by electronic payment systems. | Withdrawal Methods | Withdrawal Time | Min Withdrawal | Fees |
| Credit/ debit cards | Processed by us within 1 business day but you receive the funds to your account in 5 to 15 business days depending on your Credit Card provider | 15 USD | 5,5% (Min 10 USD) |
-->| Skrill / Neteller (Moneybookers) | 1 Working Day | 10 USD | from 1% up to 3,9% + 0,35 USD |
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