In This Guide, We List The Best Brokers That Accept Wire Transfer Deposits In 2022.
The Best Wire Transfer Forex Brokers in 2022 List
Here’s a list and short descriptions of our best Neteller forex brokers according to our research.
- XTB – Best Overall, Best For Range Of Offerings
- IC Markets – Best Forex Broker For Beginners London
- AvaTrade – Best Forex Broker For Advanced Traders
- FP Markets – Best Forex Broker For Low Costs
- Swissquote – Best Forex Broker For U.S. Traders
- Plus500 – Best Forex Broker For Trading Experiences
- FXTM – Best Prepaid Wire Transfer Overall
- EToro – Best Multi-Currency Solution
- TMGM – Best Wire Transfer For European Traders
- OctaFx – Best Wire Transfer For Travelers
1. XTB - Best Overall, Best For Range Of Offerings
Next On Our List Of The Best Forex Brokers That Accept Wire Transfer Is XTB, One Of The Largest And Most Regulated CFD Brokers Globally. Aside From Forex, XTB Supports Other Top Global Markets And More Than 2,000 Tradable Assets Thanks To Almost 20 Years Of Market Operations.
XTB Is Also Among The Best NDD Forex Brokers That Has Access From Some Of The Largest Liquidity Providers. Its Clients Have Up To 1 Million Euros, Sterlings, Or Australian Dollars In Insurance To Keep Investments Safe. Additionally, The XTB Customer Support Team Operates 24 Hours A Day And 5 Days A Week.
One Of The Areas Where XTB Shines The Most Is In Its Proprietary Platforms, XStation For Desktop And XStation Mobile For Smartphones. As Both MT4 And MetaTrader 5 (MT5) Aren’t The Most Straightforward Platforms To Use Especially For Beginners, XStation Is An Easy-to-use Platform With A Simple And Intuitive Design.
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 Pairs | 48 pairs |
| Max Leverage | 1:500 leverage |
| Pricing | 0% commission |
| Spread for USD/EUR | From 0.1 pips |
| Mastercard Deposit Fee | 1% |
| Trading Platforms | Proprietary platform |
2. FP Markets - Best Forex Broker For Low Costs
FP Markets Is Considered Average-risk, With An Overall Trust Score Of 86 Out Of 99. FP Markets Is Not Publicly Traded, Does Not Operate A Bank, And Is Authorised By One Tier-1 Regulator (High Trust), Two Tier-2 Regulators (Average Trust), And Zero Tier-3 Regulators (Low Trust).
FP Markets Is A Well-regulated Broker With Good Trading Environment Suitable For Beginners And Experienced Traders Too, The Points To Admit Are Low Pricing, Good Trading Proposal With Selection Of Platforms And ECN Trading Environment Also Excellent Trading Education.
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 Pairs | 60 pairs |
| Max Leverage | 500:1 leverage |
| Pricing | $3.00 commission per |
| Spread for USD/EUR | 1.2 pips |
| Mastercard Deposit Fee | None |
| Trading Platforms | Metatrader 4,Metatrader 5,Social Trading And WebTrader |
3. AvaTrade - Best Forex Broker For Advanced Traders
The Last Platform That We’ll Be Covering From The Best Wire 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 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.
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 Pairs | 55 pairs |
| Max Leverage | 1:400 for retail accounts |
| Pricing | 0% commission |
| Spread for USD/EUR | 0.9 pips |
| Neteller Deposit Fee | None |
| Trading Platforms | Proprietary App, MT4, MT5, WebTrader |
4. IC Markets - Best Forex Broker For Beginners London
IC Markets Has Low Forex Fees. The Account Opening Process Is Easy And Fast, While Depositing And Withdrawals Are Free And User-friendly. On The Downside, IC Markets Has A Limited Product Portfolio, Offering Only CFDs And Forex. The Live Chat Service Is Slow And The Answers Are Irrelevant.
Furthermore, The Broker's Platforms Are Well-known For Their Ultra-low Latency Order Execution. IC Markets Is Connected To Two Equinix Data Centers In London And New York, Delivering Exceptionally Reliable And Secure Connectivity For Its Traders.
IC Markets Is An ASIC And CySEC Regulated Forex Broker With Solid Forex Trading Platforms, Low Spreads And High Leverage. The Broker Is A Solid Choice For Traders Looking For Low Fees Using The MetaTrader 4 Or 5 Platforms.
| Forex Pairs | Over 61 pairs |
| Max Leverage | Up to 1:500 leverage |
| Pricing | $3.5 per lot per side for Raw Spread account, 0% commission for Standard account |
| Spread for USD/EUR | From 0 pips for Raw Spread account;From 0.6 pips for Standard account |
| Mastercard Deposit Fee | None |
| Trading Platforms | WebTrader, MT4, MT5, cTrader. ZuluTrade |
Best Wire Transfer Forex Brokers Compared
Below is a table summary to help you compare the best Wire Transfer Forex Brokers.
| Forex Brokers | Forex Pairs | Max Leverage | Pricing | Spread for EUR/USD | Wire Transfer Deposit Fee | Trading Platforms |
|---|---|---|---|---|---|---|
| XTB | 48 pairs | 1:500 leverage | 0% commission | From 0.1 pips | 1% | Proprietary platform |
| IC Markets | Over 61 pairs | Up to 1:500 leverage | $3.5 per lot per side for Raw Spread account, 0% commission for Standard account | From 0 pips for Raw Spread account;From 0.6 pips for Standard account | None | WebTrader, MT4, MT5, cTrader. ZuluTrade |
| AvaTrade | 55 pairs | 1:400 for retail accounts | 0% commission | 0.9 pips | None | Proprietary App, MT4, MT5, WebTrader |
| FP Markets | 60 pairs | 500:1 leverage | $3.00 commission per | 1.2 pips | None | Metatrader 4,Metatrader 5,Social Trading And WebTrader |
| Swissquote | 78 Forex Pairs | 1:100 leverage | Start trading from CHF 1.50 and EUR 1.00 | 0.8 Pips | None | Advance Trader, Metatrader 4, Metatrader 5 |
| Plus500 | 71 pairs | 1:300 leverage | 0.00051 | 0.00037 | None | Web Terminal |
| FXTM | 27 pairs | 1:2000 leverage | 0.4 – 2 USD per lot for Advantage accounts, 0% commission for Micro and Advantage Plus accounts | From 0.0 pips for ECN Prime account; From 1.5 pips for Mirco and Advantage Plus accounts | None | MT4, MT5, Webtrader |
| eToro | 49 pairs | 1:30 for retail clients | 0% commission | 1 pip | None | Proprietary platform |
| TMGM | 7 Forex Pairs | 1:500 leverage | Edge Account: $3.50 Commission Per Lot Per Trade Plus Spread Cost | 0.0 Pips | None | Metatrader 4, IRESS |
| OctaFx | 35 currency pairs | 1:500 leverage | 10,000 USD | 0.6 Pips | None | Metatrader 4, Metatrader 5 |
What is Wire Transfer?
In Forex, The Wire Transfer System Is A Means Of Transaction In Which Trading Capital Is Sent From A Local Bank Account To The Forex Broker’s Segregated Bank Account To Fund The Trader’s Trading Account. It Is Also The Way In Which Any Profits Or Capital Withdrawn Is Channeled From The Broker’s Segregated Account To The Trader’s Bank Account.
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 Wire Transfer Forex Broker
Why Use Wire Transfer As Your Deposit/Withdrawal Method
There Are Countries Which Are Still Restricted From Using Certain Aspects Of The International Payment System. These Countries Are Therefore Barred From Transacting With Credit/debit Cards Or E-wallets On Forex Brokerage Platforms. For Traders Resident In These Countries, The Bank Wire Transfer Is The Only Way To Conduct Forex Transactions.
Bank Wire Transfers Are Also A Safe Method Of Transaction, As Money Only Passes From A Bank Account To Another Bank Account. A Credit Card Can Be Physically Stolen, But A Bank Account Cannot. Banks Usually Have A Robust Know Your Customer (KYC) Protocol And Collect The Physical And Biometric Details Of Their Customers. It Is Therefore Easy To Track Who Owns An Account And Where Such An Individual Is Located. This Gives Forex Brokers The Confidence To Allow The Bank Wire Transfer As A Globally Accepted Means Of Transaction In Forex.
Benefits of Choosing a Broker that Accepts Wire Transfers
What Benefits Accrue To The Trader From Choosing A Broker That Accepts Wire Transfers? Security Is A Major Benefit. It Is A Lot Harder To Steal Bank Account Details Than Credit Card Or E-wallet Details, Especially During The Transaction Process.
Funds Sent To The Broker Through A Wire Transfer Are Not Subjected To Maximum Deposit Limits.
How to Pick a Decent Broker With Wire transfer
Every Forex Broker Offers The Wire Transfer As A Transaction Method. The Greatest Issue With Wire Transfer Is The Processing Time. Wire Transfers Typically Take 2-7 Business Days. So You Need To Find A Broker That Offers A Short Processing Time. Here Is How To Speed Up The Process.
Consider The Time Zones. Process Your Wire Transfer Request A Little Before The Broker’s Business Day Starts. Use The World Clock To Know What Time This Translates To In Your Own Time Zone.
Pick A Broker That Will Initiate The Process As Soon As You Make The Withdrawal Request.
Find Out If There Are Charges That Can Be Paid To Make Your Wire Transfer Faster.
Conclusion
To Help You Find The Best Brokers That Accept Bank Wire 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.
More Forex Broker's By Payment Methods
| Payment Methods | Brokers |
| Payeer | Open Payeer Brokers |
| Paypal | Open Paypal Brokers |
| Bank Transfer | Open Bank Transfer Brokers |
More Forex Broker's That Accepts Wire Transfer
| Country | Wire Transfer Brokers |
| Belgium | Belgium Forex Brokers Accepting Wire Transfer |
| Germany | Germany Forex Brokers Accepting Wire Transfer |
| United State | United State Forex Brokers Accepting Wire Transfer |
Forex Brokers By Countries
| Country | Forex Brokers |
| Belgium | Top Forex Brokers In Belgium |
| Germany | Top Forex Brokers In Germany |
| United State | Top Forex Brokers In United State |
