Forex Brokers Accepting Wire Transfers

Written by Zornitsa Stefanova
Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.
, | Updated: May 14, 2024

When choosing an online broker for your trading sessions, there are several factors that can help you decide. The availability of certain payment methods and the overall payment process are definitely among the factors to help you pick a brand. With wire transfers payments are processed in a fast and secure manner, offering traders a simple way to handle all of their broker payments.

Below, you will discover a list of top brokers allowing their customers to fund their accounts via wire transfers and withdraw their money using the same method. All brokers you see on our list are licensed by top-tier regulators and offer the best trading conditions online.

1eToro
Rating: 4.2 ⭐
51% of retail investor accounts lose money
2Fusion Markets
Rating: 4.6 ⭐
74-89% of retail CFD accounts lose money
3AvaTrade
Rating: 4.5 ⭐
76% of retail investor accounts lose money
4Pepperstone
Rating: 4.5 ⭐
75.5% of retail investor accounts lose money
5FP Markets
Rating: 4.8 ⭐
73.85% of retail CFD accounts lose money
6IG
Rating: 4.1 ⭐
70% of retail client accounts lose money
7Plus500
Rating: 4.1 ⭐
80% of retail investor accounts lose money
8FxPro
Rating: 3.9 ⭐
74% of retail investor accounts lose money
9Iron FX
Rating: N/A ⭐
67.62% of retail investor accounts lose money
10XM Group
Rating: 2.7 ⭐
72.82% of retail investor accounts lose money

Top 10 Brokers Accepting Wire Transfers

  1. You can always trust that eToro will handle your money with extra care and will help you enjoy a superb trading experience online. The brand is well-known for its social trading community, making it a great broker for both newbies and expert traders. When it comes to funding one’s account, eToro will allow its customers to choose from a wide range of methods, including bank cards, e-wallets, and bank transfers. Those who wish to transfer bigger amounts can make use of wire transfers, funding their trading accounts in a secure manner and using the same secure option for their withdrawals.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
  2. You will find that Fusion Markets is one of the best destinations for your trading, providing its customers with easy access to global markets at a very competitive cost. Thanks to a wide selection of trading platforms, the broker enables smooth trading of forex, metals, indices, crypto, and other assets. Most of the deposit methods available to Fusion Markets’ clients will impose no fees, making their payments extra cost-effective. Among options like credit/debit cards, e-wallets, and even crypto wallets, one can also find wire transfers, offering bigger transaction volumes and secure money transfers.

    Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
  3. Trading is always easy and smooth when you entrust AvaTrade with your investments. With numerous instruments to trade, the broker caters to the preferences of a wide range of traders. You can choose from several popular trading platforms and trade at home or even on the go, using your smartphone. Payments are easy to manage, allowing traders to choose from options like credit/debit cards, e-wallets, and bank wires. If you wish to deposit into your account via a wire transfer, do keep in mind that it may take a few business days until your funds appear in your AvaTrade account.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  4. Pepperstone is definitely one of the best retail brokers you can find online. With more than 1,200 instruments to trade and tight spreads, this broker can offer some of the most competitive trading conditions for both beginners and professional traders. Funding your Pepperstone account is as easy as pie, allowing you to pick from several fast, secure, and easy-to-use methods. Wire transfers are also accepted but traders must keep in mind that this option has slower processing speed, with international bank wire transfers often taking between 2 and 5 business days to be processed.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  5. Another reputable broker on our list is FP Markets, which is a well-rounded brand with extensive experience in the global trading market. Offering the most popular trading platform options and various products like CFDs on forex, metals, indices, stocks, and other assets, FP Markets is a great option for your trading sessions. If you want to top up your trading balance or withdraw the money you had earned through trading, you can resort to different methods like bank cards, e-wallets, and wire transfers. One thing to keep in mind is that wire transfers do offer higher-volume transactions but tend to be slower to process.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.23% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  6. 6. IG

    If you are looking for a trustworthy broker brand, we recommend joining IG. Founded in 1974, this broker is a veteran in the trading sector, catering to the needs of every type of trader. With multiple trading platforms, IG gives its clients access to more than 17,000 products to trade. As for the funding part of everyone’s trading journey, IG has made sure that every trader will be able to pick from a list of convenient payment solutions, including wire transfers. Depositing and withdrawing money through wire transfers ensures the safety of your funds, allowing you to handle transactions with significantly higher volumes.

    CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
  7. You can be sure that Plus500 is the right place for your trading experiences, offering you the convenience of investing and trading over 2,800 instruments. Regulated by top-tier authorities, Plus500 offers a fair and safe trading experience to all of its clients. Depositing into your trading account is a seamless process, with broker’s customers having multiple payment solutions to choose from. Wire transfers are also available as a deposit option, enabling higher-volume transactions. Whenever you wish to withdraw your money, you can also resort to this option, receiving your money in an extremely secure manner.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  8. Proving to be one of the best retail brokers, FxPro welcomes traders from 173 countries, offering them some of the best trading conditions online. Covering markets like forex, metals, indices, stocks, crypto, and energy commodities, FxPro allows traders to get the best value for their trades thanks to tight spreads and extremely low commission rates. Funding your FxPro account is a smooth process, giving you the opportunity to choose from several options, including wire transfers. Both deposits and withdrawals via wire transfers are processed safely, allowing you to resort to the services of the bank you know and trust. It should be noted, however, that this may not be the fastest payment solution you can resort to.

    Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  9. You will be able to trade a vast variety of instruments once you join IronFX – one of the best retail brokers online. Founded in 2010, the company has been operating for more than a decade, catering to the preferences of both newbies and expert traders. Thanks to some of the most popular trading platforms, traders will have access to numerous products spread across categories like forex, metals, indices, commodities, futures, and shares. To further improve the trading experience, the broker supports a wide range of payment solutions, with wire transfers also being available for both deposits and withdrawals.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  10. Trading is always smooth, fair, and extremely secure if you are placing orders as an XM client. This is a trustworthy broker with extensive experience in the trading field, offering its customers competitive prices, low spreads, and very reasonable commission rates. Traders can choose from a wide range of methods for their deposits, including wire transfers for investors who prefer to trade higher volumes. Whenever they are ready to withdraw their money, traders can also choose to cash out their funds via wire transfers, which usually take between 2 and 5 business days to be fully processed.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to Deposit via Wire Transfers?

If you have made sure you can use wire transfers as your payment solution at your preferred online broker, you will have no issue handling your payments using this method. Once you are signed into your account with the broker you have registered with, head to the wallet section of your profile and select the Deposit option. Depending on the broker’s payment policy, there might be a specific minimum limit for your wire transfer deposits. Pick the trading platform account you would like to deposit your money into and enter the amount of the deposit. Select Wire Transfer from the list of available solutions and proceed with the depositing process.

You will be redirected to a page giving all banking details of the broker that you need to provide either directly to your bank in person or copy to your online banking account. Once you are done, you can confirm the payment and the funds will be deposited into your trading account within three to seven business days. To speed up the depositing process, you may provide your trading account number on the bank wire form you submit with your banking institution when sending money to your trading balance.

Do Traders Need to Go Through the KYC Process Before Using Wire Transfers?

Depending on the regulations the broker abides by, you might be required to go through a KYC process before you can make any payments to your trading account. In some cases, traders are asked to complete the KYC verification during the registration process but it is also possible that you may be required to verify your identity only after you request your first withdrawal. Either way, KYC is a requirement imposed by most top-tier financial regulators to ensure brokers are compliant with anti-money laundering (AML) and anti-terrorist financing practices.

When you initiate your very first payment via wire transfer, you may be asked to provide a screenshot of the ABA number your bank has issued to your account. The screenshot usually can be uploaded in .doc, .jpg, or .pdf format. That way, you can verify your bank account details and use wire transfers for your future transactions.

How to Withdraw Using Wire Transfer

If you have already saved your bank account details, you can use wire transfers to withdraw money from your trading account. The whole process is simple and very similar to depositing via wire transfers. You will need to head to the Withdrawal section of your wallet with the broker you trade with. Choose wire transfer as your cash-out method and click on the bank account you have already saved.

The next step is to enter the amount you would like to withdraw and proceed with the payout. Make sure all withdrawal details are correct and confirm the transaction to your bank account. Once you have submitted a withdrawal request, the broker’s team handling payments will review it and once the withdrawal is approved, the money will appear in your bank account within a few business days. You should keep in mind that many brokers may set up higher withdrawal minimums for wire transfers and there might be a fee attached to the payout sum. Before you initiate a withdrawal, we suggest checking the limits and surcharges that may apply to your wire transfer withdrawals.

Alternative Payment Solutions to Use for Trading Deposits and Withdrawals

While wire transfers are a suitable option for higher-volume transfers, they may often incur higher transactional fees. If you plan to withdraw smaller amounts or you simply wish to enjoy faster deposits and withdrawals, you may want to try different payment solutions.

Credit and debit cards, mostly issued by Maestro and Visa, are commonly accepted at trustworthy brokers. This solution allows traders to instantly top up their accounts and withdraw their money in a timely and convenient manner. Another great alternative is using an e-wallet, often available for both deposits and withdrawals.

Depending on your country of residence, you may have access to different e-wallet services. The best part about this type of banking method is that you can instantly top up your trading account and often enjoy same-day withdrawals. E-wallets can be funded via a wide range of methods and you are not providing any type of sensitive banking information to the company you trade with.