Deposit of Funds
To deposit funds into your BelFx trading account, first you need to login to the Members Area, click on the ‘Funds’ option and choose ‘Deposit Funds’. Then you will be able to select your preferred payment option and you will receive clear instructions about the necessary steps and details.
The amount of time required for your funds to be credited to your trading account depends on the payment method chosen by you to make a deposit. Bank transfers may take up to 5 working days, while credit card payments and deposits done via e-wallets are usually instant.
1. BelFx does not accept any third-party deposits, which means that to make a deposit to your trading account, you have to use a credit card registered under your name and/or deposit via bank transfer from the bank account that belongs to you, and/or use an e-wallet that is open under your name.
2. If you are depositing funds in a different currency than the base currency of your trading account, the transfer amount will be converted into your account’s base currency at the BelFx prevailing exchange rate.
Withdrawal of Funds
To withdraw funds from your BelFx trading account, first you need to login to the Members Area, click on the ‘Funds’ option and choose ’Withdraw Funds’. Then, you will be able to select the amount you wish to withdraw from your trading account.
Upon receiving your withdrawal request, we will proceed with the payment either on the same day or on the next working day (depending on the time you placed your request). Please keep in mind, however, that the time needed for your funds to reach you may vary, as it depends on your selected payment method.
1. If you have any open positions at the moment you place a withdrawal request, we will proceed with this request only if the withdrawal of funds from your account does not cause the margin level to drop below 100%.
2. Withdrawals / refunds will be processed in the currency of the original deposit. In case that the account currency differs from the withdrawal/refund currency, the transfer amount will be converted into the transfer currency at the BelFx prevailing exchange rate.
Transfer fees may be charged by certain payment providers, however under no circumstance any commissions for deposits and/or withdrawals is charged by BelFx.
See table below to find more information regarding the commission charged by the payment providers:
|Payment Methods Information|
|Method||Currencies||Deposit Commission||Deposit Processing Time||Withdrawal Commission||Withdrawal Processing Time|
|EUR, USD, GBP, JPY, RUB, PLN||Up to 3%||Instant||Up to 3%||Up to 48 Business Hours||
|EUR, USD, GBP, JPY, RUB, PLN||3.9% (min $1)||Instant||2% (min $1, max $30)||Up to 48 Business Hours||
|USD||2.5% + $0.35||Instant||1%||Up to 48 Business Hours||
Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Risk Disclosure Notice