Bank Transfer Forex Brokers

Bank Transfer (Or Wire Transfer) Is A Payment Method That Allows Consumers To Transfer Money To A Bank Account Around The World. The Consumer Is Provided With A Unique Reference Number And Details Of The Bank Account Where They Can Make Their Payment.

The Best Bank Transfer Forex Brokers in 2022 List

Here’s a list and short descriptions of our best Bank Transfer forex brokers according to our research.

  1. AvaTrade – Lowest Fixed Spread Forex Broker
  2. Oanda – Metatrader Suite, Average Pricing
  3. Pepperstone – Metatrader Suite With Add-Ons
  4. FP Markets – Full Metatrader Suite, Competitive Pricing
  5. FXTM – Highest Leverage SA FX Trading Account
  6. OctaFx – Excellent Trading Tools For Metatrader
  7. EToro – Top Trading Spreads
  8. IC Markets – Best Overall For Metatrader
  9. Plus500 – Top FSCA Regulated Forex Broker For Beginners
  10. EasyMarkets – Good No Commission Forex Broker Account

1. AvaTrade - Lowest Fixed Spread Forex Broker

The Last Platform That We’ll Be Covering From The Best Bank Transfer Forex Brokers List Is AvaTrade. Released In 2006, The Multi-Asset Broker Was One Of The First Trading Platforms To Allow For Retail Clients To Engage In Forex Markets. Today, With Over 300 Thousand Registered Traders, AvaTrade Offers About 1,000 Financial Instruments Including Stocks, Commodities, Indices, And Cryptocurrencies.​

Avatrade Bank Transfer Forex Broker

AvaTrade Clients Can Trade Through MT4 And MT5 And Can Even Use Expert Advisors Or Automated Trading Bots Commonly Utilized In Forex. The Highly Trusted Broker Is Regulated Across Different Regions Such As EU, South Africa, Australia, And Japan. Top Of The Line Customer Support Is Offered In The Form Of Live Chat, Email, And Phone Contact.

Avatrade Bank Transfer

Using AvaTrade On AvaTradeGO Or WebTrader Gives Clients Access To AvaProtect, A Built-In And Exclusive Risk Management Tool That Protects Certain Investments From Losses. The App Can Be Downloaded On Google Play And The App Store. 

A Huge Benefit For New Registrants On AvaTrade Is Access To Their Education Pack Which Provides Tutorials, Daily Videos, And Webinars On How To Be A Better Trader.  Discover More Features Of AvaTrade In The Section Below.

There Are Two Account Types To Choose From With XTB: Standard And Swap Free. Both Offer 0% Commissions, Up To 1:500 Leverage, And Multi-Asset Trading. The Latter Has A Slightly Larger Minimum Spread At 0.7 Pips While The Former Starts At Just 0.5 Pips. More XTB Features And Details Can Be Found Below.

Forex Pairs55 pairs
Max Leverage1:400 for retail accounts
Pricing0% commission
Spread for USD/EUR0.9 pips
Neteller Deposit FeeNone 
Trading PlatformsProprietary App, MT4, MT5, WebTrader


2. Oanda - Metatrader Suite, Average Pricing

Oanda Offers High-Quality And Easy-to-use Trading Platforms, And Its Research Tools Are Also Powerful, With Numerous Technical Indicators And A Great API Offer. The Account Opening Process Is User-friendly And Quick. On The Downside, Oanda Has A Limited Product Portfolio, As You Can Trade Only Forex And CFDs.

Oanda Offers Two-step Login, Which Is Safer Than Using Only A Username And A Password. For Two-step Login To Work, You'll Have To Install The Google Authenticator App, Which Is A Compromise That's Easy To Live With For The Sake Of Security. To Log Into Your Account Click On The Sign In Button On The Oanda CFD + Forex Page.

Oanda Forex Broker

Oanda Is Based In The USA And Was Founded In 1996. The Longer Track Record A Broker Has, The More Proof We Have That It Has Successfully Weathered Previous Financial Crises.

Oanda Publishes Its Annual Financial Statements And Is Regulated By A Top-tier Regulator. All Of These Are Great Markers Of Oanda’s Safety.

Forex Pairs70 pairs
Max Leverage1:50 for retail clients
From 0% commission
Spread for USD/EUR
From 0.7 pips
Mastercard Deposit FeeNone
Trading PlatformsProprietary, MT4, TradingView

3. Pepperstone - Metatrader Suite With Add-Ons

Pepperstone Is The Next Best Neteller Forex Broker Due To Fast And Reliable Trading Speeds, Low Costs, And Offering Multiple Ways To Trade. Founded In 2010, Pepperstone Is A Multi-Regulated Platform That Supports Trading Of Over 60 Different Forex Pairs.

Aside From Offering Some Of The Most Niche And Exotic Pairs, Pepperstone Also Has Integrations With Multiple Trading Platforms. More Than The Typical MT4 And MT5 Platforms, The Neteller Broker Uses TradingView, CTrader, And The Social Trading Platform DupliTrade.

Pepperstone Bank Transfer

One Of Pepperstone’s Strongest Features Is Trading Through Spread Bets. In Fact, The Broker Is One Of The Best Spread Betting Platforms. Spread Betting Is A Derivatives-Based Trading Method That Lets Clients From The UK And Ireland Trade Tax Free. Since Traders Who Use Spread Betting Do Not Own The Underlying Asset, They Are Also Exempt From Stamp Duty Fees.

Razor Or Low Spread Accounts On Pepperstone Have A Commission Per Lot Of Just $3.5 And The Maximum Leverage Available Is 1:200 For Retail Clients. Read Our Pepperstone Review To Better Understand The Benefits Of Spread Betting With The Broker. Other Key Features And Details Can Be Found Below.

Forex PairsOver 60 pairs
Max Leverage1:200 for retail clients
Pricing$3.5 per lot for raw accounts, 0% for standard account
Spread for USD/EURFrom 0 pips
Neteller Deposit FeeNone
Trading PlatformsTradingView, cTrader, MT4, MT5


4. FP Markets - Full Metatrader Suite, Competitive Pricing

FP Markets Is Considered Safe Because It Has A Long Track Record And Is Regulated By The Top-Tier ASIC. Disclaimer: CFDs Are Complex Instruments And Come With A High Risk Of Losing Money Rapidly Due To Leverage. 75.31% Of Retail Investor Accounts Lose Money When Trading CFDs With This Provider.

Founded In 2005, FP Markets Is Regulated In One Tier-1 Jurisdiction And One Tier-2 Jurisdiction, Making It A Safe Broker (Average-Risk) For Trading Forex And CFDs. FP Markets Offers The MetaTrader Suite, Along With Ultra-Competitive Spreads Available By Way Of Its Commission-Based Raw ECN Account.

FP Markets Is The Lowest Spread Forex Broker In November 2022 And Is Considered Safe With Both ASIC And CySEC Regulations. Our FP Markets Review Found The Broker Has A Great Range Of Forex Trading Platforms, A Wide Range Of CFD Markets And Instruments As Well As The Fastest Execution Speeds.

Forex Pairs60 pairs
Max Leverage500:1 leverage
Pricing$3.00 commission per
Spread for USD/EUR1.2 pips
Mastercard Deposit FeeNone
Trading PlatformsMetatrader 4,Metatrader 5,Social Trading And WebTrader


Best Bank Transfer Forex Brokers Compared​

Below is a table summary to help you compare the best Bank Transfer Forex Brokers.

Forex BrokersForex PairsMax LeveragePricingSpread for EUR/USDBank Transfer Deposit FeeTrading Platforms
AvaTrade55 pairs1:400 for retail accounts0% commission0.9 pipsNoneProprietary App, MT4, MT5, WebTrader
Oanda70 pairs1:50 for retail clientsFrom 0% commissionFrom 0.7 pipsNoneProprietary, MT4, TradingView
PepperstoneOver 60 pairs1:200 for retail clients$3.5 per lot for raw accounts, 0% for standard accountFrom 0 pipsNoneTradingView, cTrader, MT4, MT5
FP Markets60 pairs500:1 leverage$3.00 commission per1.2 pipsNoneMetatrader 4,Metatrader 5,Social Trading And WebTrader
FXTM27 pairs1:2000 leverage0.4 – 2 USD per lot for Advantage accounts, 0% commission for Micro and Advantage Plus accountsFrom 0.0 pips for ECN Prime account; From 1.5 pips for Mirco and Advantage Plus accountsNoneMT4, MT5, Webtrader
OctaFx35 currency pairs1:500 leverage10,000 USD0.6 PipsNoneMetatrader 4, Metatrader 5
EToro49 pairs1:30 for retail clients0% commission1 pipNoneProprietary platform
IC MarketsOver 61 pairsUp to 1:500 leverage$3.5 per lot per side for Raw Spread account, 0% commission for Standard accountFrom 0 pips for Raw Spread account;From 0.6 pips for Standard accountNoneWebTrader, MT4, MT5, cTrader. ZuluTrade
Plus50071 pairs1:300 leverage0.000510.00037NoneWeb Terminal
EasyMarkets62 pairs1:30-0.3 pipsNoneMobile Apps,TradingView,MetaTrader4 And MetaTrader5

What is Bank Transfer?

A Bank Transfer Is A Way To Send Money From One Bank Account To Another. It’s Usually A Great Option To Send Funds Because Transferring Any Money From Your Bank Account Typically Is Free. An Electronic Transfer Is Also Fast And Much Safer Than Paying In Or Withdrawing Cash, And You Only Need Some Bank Account Details.

It’s A Great Way To Send Money To People With Little Or No Transfer Fees For Domestic Transfers Or A Direct Deposit. And As Long As You Have Sufficient Funds, The Transfer Of Money Can Be Done From A Mobile Device Or An Online Platform. You Can Also Transfer In Person If You Need To.

Withdrawals Can Be Made In A Variety Of Ways And Vary In Fees. Some Of The Options Include:
• Bank Transfer
• Credit Cards
• Paypal

Benefits of Using a Bank Transfer Forex Broker

Bank Transfer Forex Broker

How Long Does The Transfer Process Take

When You First Make A Transfer To A New Person, It Can Take Up To Two Hours To Be Processed. However, Since Faster Payments Have Come Into Force, Most Transfers Are Processed Immediately, Making It A Great Way To Get Money To Where It Is Needed The Most.

Are Bank Transfer Safe

A Bank Transfer Itself Is Safe. Bank Transfers Are Almost Always Manually Initiated, And As Direct Transfers Between Two Banks, There Are No Intermediaries Involved Other Than The Clearing House, Making Them Less Susceptible To Fraud.

Bank Transfer Lack Consumer Protection

The Reason Traditional Bank Transfer Methods Are Targeted By Fraudsters Is That They Lack Consumer Protection. Banks Cannot Just Reverse A Bank Transfer In The Same Way As They Can Reverse Other Types Of Transactions, Such As Direct Debits.

The Direct Debit Guarantee Provides Consumers With Strong Protections To Safeguard Against Unauthorised Debits. Direct Debit Has These In-built Consumer Protections Because It Is A Regulated Payment Collection Scheme. Bank Transfers, By Contrast, Are Manual Actions Often Completed On Mobile Banking Apps And Therefore Have No Protections.


To Help You Find The Best Brokers That Accept Bank Transfer For Both Funding And Withdrawing From Your Trading Account Check Out The List That We Have Compiled. It Is Built On Knowledge We’ve Gleaned From Our Ongoing Research Into The Best Brokers And Also From The User Reviews We Receive From Traders That Have Used These Brokers.

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