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].
iFOREX

iFOREX Deposit Methods | Fees and Conditions

I will explain how to deposit into iFOREX account.

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

iFOREX | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes!...

\Just 3 minutes!!/
Open an Account

iFOREX Deposit Methods

When you visit the official website, select the country on the upper right the country you live in.

Then, the deposit methods available in your country will be displayed.

MethodFeesProcessing Time
Credit/Debit CardNo FeesInstantly
NETELLERNo FeesInstantly
SkrillNo FeesInstantly
BitcoinNo FeesInstantly
International Bank TransferNo Fees *13-5 Business Days
Online Banking
(Domestic Bank Transfer)
No FeesInstantly *2

*1: iFOREX does not collect fees, but it does collect fees from the sending bank.

*2:It depends on your country of residence. Online banking in Thailand is very convenient and we can make an instant deposit.

iFOREX deposit methods 1
iFOREX deposit methods 2
iFOREX deposit methods 3

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This is because in the case of credit card withdrawal, it will be refunded (withdrawn) by canceling the deposit.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   

Depos to iFOREX is also convenient from iFOREX mobile app!

After this, I will explain the specific deposit procedure from the iFOREX website, but in fact you can also deposit from the iFOREX mobile app.

Moreover, it is easy to operate and very convenient.

The introduction of the iFOREX app and the deposit method are summarized in a separate article, so please refer to it as well.

iFOREX Mobile App | Easy to Use!!Founded in 1997, iFOREX is a pioneer of online forex broker, and is a very popular broker due to the abundance of products and low fees. iFOREX does not offer MetaTrader (MT4 / MT5) and offers its own trading platform. The mobile app is very easy to use. I will explain how to install, deposit and trade....

How to Deposit into iFOREX Account

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

Only the main ones will be explained.
NETELLER 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
  • NETELLER
  • Bitcoin
  • International Bank Transfer
  • Online Banking (Domestic Bank Transfer)

Log in to iFOREX Member Page

まず、iFOREXのトップページからログインし、会員ページを表示します。

First, log in from iFOREX top page into member page.

Click “Funds” -> “Deposit Funds”

iFOREX member page

Deposit by Credit/Debit Card

Select “Credit/Debit Card”

iFOREX credit card deposit

Notes for Credit/Debit Card Deposit

If you deposit with a credit card, the withdrawal amount is up to the deposit amount.

Also, you can only withdraw with the same card.

Enter Card Information and Deposit Amount

Enter the credit card information used for deposit, deposit amount, and currency.

After entering, click “Deposit & continue”.
The card information will be verified, and if there are no problems, the deposit process will be completed.

iFOREX credit card deposit, enter card information

Deposit by NETELLER

Select “NETELLER”

iFOREX NETELLER deposit

Enter the Deposit Amount

Enter the deposit currency and deposit amount.

After entering, click “Continue”.

iFOREX NETELLER deposit, enter amount


Send Money from NETELLER to iFOREX

You will be automatically redirected to the NETELLER homepage.

You can send money from your NETELLER account to iFOREX.

iFOREX NETELLER deposit, send money from neteller

Deposit by Bitcoin

Select “Bitcoin”

iFOREX bitcoin deposit

Enter the Deposit Amount

iFOREX bitcoin deposit, enter amount

Confirm Destination Address and Send Money

The bitcoin address of the remittance destination is displayed.
This address is linked to your iFOREX account.

Scan the QR code and send money from your crypto wallet.

iFOREX bitcoin deposit, do bitcoin payment

Deposit by International Bank Transfer

Select “International bank/wire transfer”

iFOREX international bank deposit

Enter the Deposit Amount

iFOREX international bank deposit, enter amount

Confirm Bank Account and Do Payment

The receive bank account will be displayed, so make a note of it and make a deposit at bank counter or internet banking.

Please email iFOREX Support with a screenshot or evidence of the transfer after the transfer as described on the screen.

iFOREX international bank deposit, do payment

Deposit by Domestic Bank Transfer

This is case of Thailand, just for your information.

I guess iFOREX probably offers domestic bank transfer service in your country, because iFOREX has quite long history as global forex broker and iFOREX provide its service all over the world.

Select “International bank/wire transfer”

iFOREX domestic bank deposit

Enter the Deposit Amount

iFOREX domestic bank deposit, enter amount

Select Local Bank and Do Payment by Online Banking

iFOREX domestic bank deposit, dp payment

Summary

I explained how to deposit iFOREX.

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.

\Just 3 minutes!!/
Open an Account

   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].