I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
GEMFOREX

GEMFOREX Deposit Methods | Fees and Conditions

I will explain how to deposit into GEMFOREX account.

If you haven’t opened a GEMFOREX account yet, please open an account by referring to my article.

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GEMFOERX Deposit Methods

The following deposit methods are available on GEMFOREX.

Available deposit methods vary depending on your country of residence.

The explanations from here on are based on the ones available in Thailand where I live.

Actually it seems GEMFOREX offers a lot of deposit method, but in my case, when I logged in, some methods is saying that it’s under maintenance.

Please visit the official website to know which deposit methods are available in your country.

MethodFeesProcessing Time
Credit/Debit CardNo FeesInstantly
bitcoinNo Fees1 – 10 min
EthereumNo Fees1 – 10 min
Perfect MoneyNo FeesInstantly
PAYEERNo FeesInstantly
STICKPAYNo FeesInstantly
gemforex deposit methods 1
gemforex deposit methods 2

Restrictions on withdrawal by deposit method

There are the following restrictions.
From a money laundering perspective, this is almost same for any forex broker.

  • If you deposit with a credit card, you can withdraw up to the deposit amount.
  • For credit cards, there may be further restrictions depending on the card company.

If you deposit with a credit card, the maximum withdrawal amount is the deposit amount.
In other words, if you make a profit, you can only withdraw the profit by bank transfer.

Although it is a restriction by the credit card company, for example, you may not be able to withdraw money after a certain period of time (several months).
This is because in the case of credit card withdrawal, it will be refunded (withdrawn) by canceling the deposit.
For the same reason, credit card withdrawals may take long time.

   Official Site   

How to Deposit into GEMFOREX Account

From here, I will explain the specific deposit method using my account.

Only the main ones will be explained.
PerfectMoney, PAYEER and STICKPAY have almost the same flow.

As mentioned above, the available deposit methods vary depending on the country or region where you live, but here I will explain the following major deposit methods.

  • Credit/Debit Card
  • Bitcoin
  • STICKPAY

Log in to GEMFOREX User MyPage

First, log in from GEMFOREX top page and show MyPage.

Click “Deposit”

gemforex member site
gemforex deposit methods list

Deposit by Credit/Debit Card

Here, I will explain using a VISA card.
The same flow applies to other cards such as Mastercard and JCB.

Select “Credit Card Payments”

gemforex deposit by credit card

Notes for Credit Card Deposit

There are restrictions on the number of credit card deposits and the maximum amount.
Please check it.

gemforex credit card deposit

Enter Credit Card Information

Enter your contact information, deposit amount, and credit card information to use for deposit.

If you click “Confirm Payment, the payment will be processed after the card information is collated.

gemforex  input credit card information

Deposit by Bitcoin

Click “Bitcoin Settlement”

gemforex bitcoin deposit

Generate Bitcoin Address

Only the first time, request the generation of a Bitcoin address linked to each your GEMFOREX account.

It will take five minute to finish generating address.

Confirm Deposit Address and Deposit

If the address has already been generated, the following screen will be displayed.

The Bitcoin destination address and QR code linked with each account will be displayed.

The address will be different for each account, so be careful not to make a mistake in the deposit account.

Please use this address or QR code to send money from your bitcoin wallet.

gemforex bitcoin address

Deposit by STICKPAY

Select “STICKPAY Settlement”

gemforex stickpay deposit

Enter the Deposit Amount

gemforex stickpay deposit 2

STICKPAY Login

Log in to your STICKPAY account and process the remittance.

gemforex stickpay login

Summary

I explained how to deposit GEMFOREX.

A general notes with forex brokers is that deposit methods are changed sometimes.
Also, as mentioned above, the available deposit methods differ depending on the country or region where you live, so please check the official website to confirm it.

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   Official Site   

ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].