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Minimum Deposit requirement and mode
Please guide me about minimum deposit limit and available modes of payment for Pakistan.
Hello azhar751, and thank you for your post! On behalf of myself and everyone here at FXCM, welcome to the forum community!
What depositing options do I have if I am a resident of Pakistan?
Your depositing options will depend on whether you are opening a standard or a micro account. Please click on the link below that corresponds to the account you are interested in for more information:
Please note that at this time we do not accept credit or debit card deposits from Pakistan, and at this time we do not have an estimated time of arrival (ETA) on when we will be accepting them. When you are depositing funds by credit or debit card at MyFXCM.com if your country of residence does not appear in the drop down menu, then that means we do not accept credit or debit cards from that country.
What other depositing options do I have?
You can also deposit funds by bank wire. Please keep in mind that the minimum deposit for bank wires to FXCM Micro accounts is $1000.
Please click here for more information about depositing funds to an FXCM Micro account by bank wire.
If you don't mind me asking, how much capital were you thinking about getting started with? I ask because standard accounts also have the functionality of trading micro lots (increments of 1K) available and offer many advantages over micro accounts.
What advantages do standard accounts have over micro accounts?
One of the advantages of having a standard account is more depositing options. Standard account clients can deposit by credit / debit card (as mentioned before some countries may not be able to however, such as Pakistan), bank wire, paper check, automated clearing house (ACH) or electric funds transfer (EFT). Some more advantages to holding a standard account include but are not limited to:
- Different account denominations.
- Different account types and platforms.
Please click here for more information on the advantages of having a standard account.
The minimum starting balance for a standard account is $2000. Please let me know if a standard account would be something of interest to you, and I will be more than happy to put you in touch with a specialist that can go over all your options. If you are looking to open a micro account, you can open one by clicking on the link below:
Please let me know when you have submitted your application and I would be more than happy to help you with the depositing process.
What can I do if I want to deposit less than $1000, but I cannot deposit by credit or debit card?
This type of situation is handled on a case by case basis. Since this involves discussing specific account information I will send you an email in order to best assist you. Thank you in advance for your time azhar751, and I look forward to being in touch with you soon.
How can I ask you a question privately if I don't want to post my question on the forum?
Here at FXCM, protecting your privacy is of the highest importance. When you have a question that includes:
*Specific Account Information
Please contact us directly by using one of the methods below.
Standard accounts are entitled to live support by phone or by chat 24 hours a day 7 days a week. Please click here to chat now!
Micro Accounts receive support exclusively through the micro support site which is Answers to top Forex Platform Questions | When will my deposit post?
How do I post questions?
If you cannot find your specific question on the site please scroll down to the portion that reads "Please Complete the Form Below"
From there please choose the type of question you would like to ask.
Once you have chosen the type of question you would like to ask please fill out all the required fields and click "Submit".
An FXCM micro representative will be more than happy to answer any questions you would like to ask.
Thank you again for your post azhar751! Please feel free to post with additional questions or contact me directly at firstname.lastname@example.org
Originally Posted by azhar751
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Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss in excess to your investment and therefore you should not invest money that you cannot afford to lose. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.