All withdrawal requests are processed daily from 9:00 to 18:00 Server time (GMT+2). Withdrawals are not executed on weekends and holidays. If withdrawal request was sent after 18:00 (GMT+2) of the current day, then it'll be transferred to the next working day. Funds withdrawals are available only to account holders. Money transfer to third parties is forbidden. PaxForex reserves the right to identify payee.
When withdrawing part of funds, it is not necessary to close open positions, however, the withdrawn amount can't exceed than the free margin. PaxForex does not bear responsibility for any losses caused by lack of money on your Forex account. You should control margin requirements for open positions for yourself to minimize risk.
The minimum withdrawal is 10 USD or the equivalent amount in your base currency.
PaxForex does not charge any fees for the external transfer of funds from your forex account except for credit/debit card deposits, for which a 5.5% (min 10 USD) charge is applied to cover a portion of the total charges made by the card processors involved in the transactions. For all other withdrawal methods we do not apply fees. Please note that you may be charged for transferring funds using an external method unrelated to PaxForex.
Just login to myPaxForex and you will see a variety of Forex withdrawal methods for you to use. If you require help in deciding which method to use, contact our customer support team by email, phone or live chat; they are available 24/5!
Yes, PaxForex ensures safety, security, and reliability at all times. Using advanced encryption technology to ensure privacy and security over the Internet. All communication is encrypted using SSL technology (Secure Socket Layer). Passwords are encoded; making sure that only you know your password. All personal information is completely confidential; we do not share your information with any third parties.
| Withdrawal Methods | Withdrawal Time | Min Withdrawal | Fees |
| Bank Transfer | Processed within 1 business day, however takes 4 to 7 business days for the funds to be credited to your bank account, depending on your Bank | 100 USD | Bank commission |
| Credit/ debit cards | Processed by us within 1 business day but you receive the funds to your account in 5 to 15 business days depending on your Credit Card provider | 15 USD | 5,5% (Min 10 USD) |
| Skrill (Moneybookers) | 1 Working Day | 10 USD | from 1% up to 3,9% + 0,35 USD |
| Neteller | 1 Working Day | 10 USD | 0% |
| WebMoney | 1 Working Day | 10 USD | 0.8% |
| Perfect Money | 1 Working Day | 10 USD | 2.5% |
| QIWI | 1 Working Day | 10 USD | 1% |
| Uphold | 1 Working Day | 10 USD | 0% |
Goods and services, offered by us as a Merchant are not provided on order or by request of a person or entity, running WebMoney Transfer System. We hereby act as an independent entity providing services and making independent decisions on pricing and offers. Entities, running WebMoney Transfer System do not receive any commission, interest fees or any other awards/refunds for the provided goods or services and are not liable for our activities.
Verification, performed by WebMoney Transfer System only confirms the accuracy of our contact details and proves our identity. Verification is performed by our own free will and doesn't mean or show our connection to the commercial activity of WebMoney Transfer System Operators.
