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Summary of Overseas Forex Deposit and Withdrawal Methods | Recommended Banks and Explanations of Low-Fees and Fast Procedures

Posted by: MoneyChat Editorial Department

When starting out with overseas forex trading, the first thing many people stumble upon is choosing a deposit and withdrawal method

"Which method is the fastest?"

"What's a way to do it without paying fees?"

"Which method do you recommend?"

Many people probably have questions like these

This article will introduce all the major deposit and withdrawal methods available for overseas forex trading

This guide provides detailed explanations of fees, processing times, and supported brokers for each deposit and withdrawal method, so even those who are already trading can use it to save costs and time

Contents

List of deposit and withdrawal methods available for overseas forex trading

The following six methods are the most common deposit and withdrawal methods used in overseas forex trading

  1. Domestic bank transfer
  2. Bitwallet
  3. STICPAY
  4. credit card
  5. Cryptocurrency
  6. International bank transfer

By supporting multiple deposit and withdrawal methods, overseas forex brokers enable traders in various countries to comfortably transfer funds according to their remittance circumstances and purposes

Domestic bank transfer

Domestic bank transfer

Domestic bank transfers are a deposit and withdrawal method for overseas forex trading that can be used in the same way as bank transfers used in everyday life

Although overseas forex brokers are located outside of Japan, the system works such that by transferring funds to a bank account designated by a "remittance agent partnered with the overseas forex broker," the same amount will be reflected in your overseas forex account .

Compared to other deposit and withdrawal methods for overseas forex trading, this method is characterized by its simple procedures and ease of use, making it suitable even for beginners

Overseas FX brokers that support domestic bank transfers | Fees and processing times

The following overseas forex brokers support deposits and withdrawals via domestic bank transfers

Overseas FX brokers that accept deposits via domestic bank transfers
Overseas Forex BrokersDeposit feeReflection time
Axifree~7 business days
AXIORYfree~30 minutes
Exdefinefree~20 minutes
FXGTfree~20 minutes
FxProfree3-5 business days
HFMfree~1 hour
IS6FXfree~15 minutes
JadeFOREXfree1-3 business days
MONAXAfree~1 business day
MYFXMarketsfree~1 business day
StarTraderfree30 minutes to 1 hour
ThreeTraderfree~20 minutes
TitanFXfree~1 business day
Vantage Tradingfree~2 business days
XMTrading1,500 yen *Free for deposits of 10,000 yen or more~1 hour
XS.comfree~1 hour
BigBoss1,000 yen (Free for deposits of 50,000 yen or more)~1 business day
MiltonMarketsfree~1 business day
Domestic bank transfer deposit fees and processing time
Overseas FX brokers that support withdrawals via domestic bank transfers
Overseas Forex BrokersWithdrawal feesReflection time
Axifree1-3 business days
AXIORY1,000 yen (Free for deposits of 20,000 yen or more)~1 business day
Exdefinefree1-3 business days
FXGTfree~5 business days
FxProfree1-5 business days
HFMfree1-3 business days
IS6FXfree1-3 business days
JadeFOREXfree2-5 business days
MONAXAfreeImmediately
MYFXMarkets2,000 yen1-3 business days
StarTraderfree~1 business day
ThreeTraderfree1-3 business days
TitanFXfree2-3 business days
Vantage Tradingfree3-5 business days
XMTrading2,500 yen *Free for withdrawals of 400,000 yen or more2-5 business days
XS.comfree~1 business day
BigBoss2,000 yen2-5 business days
MiltonMarketsfree3-5 business days
Withdrawal fees and processing times for domestic bank transfers

Most overseas forex brokers popular among Japanese traders support deposits and withdrawals via domestic bank transfers

In most cases, deposits and withdrawals via domestic bank transfers with overseas forex brokers are free of charge

Furthermore, some brokers offer fast payment processing, with withdrawals processed in as little as one business day

Bitwallet

Bitwallet

Bitwallet is a popular online wallet among overseas forex traders

When depositing funds into an overseas forex account, you will need a Bitwallet account and funds to deposit into that account

Since transfers between Bitwallet accounts are reflected instantly, it's convenient for situations where you want to move funds between overseas forex brokers via Bitwallet

Deposits and withdrawals between overseas forex brokers and Bitwallet are generally free of charge

however,Bitwallet will charge separate deposit and withdrawal feesI will

Bitwallet deposit and withdrawal fees and estimated deposit times
itemDeposit feeWithdrawal feesReceipt fee
credit cardDepending on the card brand, the deposit amount is 8% to 8.5%-Deposit: Instant
Withdrawal: Other withdrawal methods
Domestic bank transferfree389 yen to 777 yenDeposits: Instant to 1 business day
Withdrawals: Same day to 3 business days
International bank transfer-2,400 yen to 4,800 yen + 1% of the withdrawal amountDeposits: 3 days to 1 week
Withdrawals: 3 days to 1 week
Bitwallet deposit and withdrawal fees and estimated deposit times

Overseas forex brokers that support Bitwallet | Fees and processing times

The following overseas forex brokers support deposits and withdrawals via Bitwallet:

Overseas forex brokers that accept Bitwallet deposits
Overseas Forex BrokersDeposit feeReflection time
AxifreeImmediately
ExdefinefreeImmediately
FXGTfreeImmediately
FxProfree~10 minutes
HFMfree~1 business day
MYFXMarketsfreeImmediately
StarTraderfreeImmediately
ThreeTraderfreeImmediately
TitanFXfreeImmediately
Vantage Tradingfree~1 business day
XMTradingfreeImmediately
XS.comfree~45 minutes
BigBossfreeImmediately
MiltonMarketsfreeImmediately
Bitwallet deposit fees and processing time
Overseas FX brokers that support Bitwallet withdrawals
Overseas Forex BrokersWithdrawal feesReflection time
AxifreeImmediately
Exdefinefree~1 business day
FXGTfree~2 business days
FxProfree~10 minutes
HFMfree~1 business day
MYFXMarketsfree1-2 business days
StarTraderfree~1 business day
ThreeTraderfree1-3 business days
TitanFXfreeImmediately
Vantage Tradingfree3-5 business days
XMTradingfreeImmediately
XS.comfree~45 minutes
BigBossfree~5 business days
MiltonMarketsfree3-5 business days
Withdrawal fees and processing times via Bitwallet

Many overseas forex brokers support deposits and withdrawals via Bitwallet

Furthermore, deposit and withdrawal fees between overseas forex brokers and Bitwallet are generally free

Therefore, if you are using an overseas forex broker that charges a withdrawal fee of 1,000 yen or more via domestic bank transfer, or if withdrawals are made via international bank transfer, using Bitwallet can save you on fees and the time it takes for the funds to arrive.

STICPAY

STICPAY is an online wallet, just like Bitwallet

A relatively large number of overseas forex brokers support deposits and withdrawals via STICPAY. Using STICPAY for overseas forex trading is basically the same as using Bitwallet

However, STICPAY supports deposits and withdrawals using cryptocurrencySTICPAY withdrawal fees are higher than BitwalletThat is the difference

STICPAY deposit and withdrawal fees and estimated arrival time
itemDeposit and withdrawal feesWithdrawal feesEstimated time for receiving payment
credit card3.85% of the deposit amount-Deposits: Instant to 30 minutes
Withdrawals: Other withdrawal methods
Domestic bank transfer2.9% of the deposit amount
*A 500 yen fee will be added to the above for withdrawals of less than 10,000 yen.
2.5% of the withdrawal amount + 800 yenDeposits: Instant to 1 business day
Withdrawals: 1 to 2 business days
Cryptocurrency1% of the deposit amount1.3-5% of the withdrawal amountDeposits: Instant to 30 minutes
Withdrawals: Instant to 30 minutes
STICPAY deposit and withdrawal fees and estimated arrival time

Overseas Forex brokers that support STICPAY | Fees and processing times

STICPAY

The following overseas forex brokers support deposits and withdrawals via STICPAY

Overseas FX brokers that accept STICPAY deposits
Overseas Forex BrokersDeposit feeReflection time
AXIORYfreeImmediately
ExdefinefreeImmediately
FXGTfreeImmediately
FxProfree~10 minutes
MONAXAfreeImmediately
StarTraderfreeImmediately
TitanFXfreeImmediately
XMTradingfreeImmediately
XS.comfree~1 hour
STICPAY deposit fees and processing time
Overseas FX brokers that support STICPAY withdrawals

Overseas Forex BrokersWithdrawal feesReflection time
AXIORY1,000 yen
(Free for deposits of 20,000 yen or more)
Immediately
Exdefinefree~1 business day
FXGTfree~2 business days
FxProfree~10 minutes
MONAXAfreeImmediately
StarTraderfree~1 business day
TitanFXfreeImmediately
XMTradingfreeImmediately
XS.comfree~30 minutes
STICPAY withdrawal fees and processing time

While not as widespread as Bitwallet, STICPAY is used by a relatively large number of overseas forex brokers for deposits and withdrawals

Generally, there are no fees for deposits and withdrawals between STICPAY and overseas forex brokers

However, with AXIORY only, a flat withdrawal fee of approximately 1,000 yen is charged for withdrawals of less than 20,000 yen

credit card

credit card

Credit cards (debit cards) are the fastest way to deposit funds into an overseas forex account.

Since the payment is made using your regular shopping credit limit, rather than a cash advance, the funds are deposited into your overseas FX account in the same way as when you make online purchases

On the other hand, when withdrawing funds, the transaction is processed as a cancellation (refund) of the credit card payment, which can take up to three months depending on the card company.

Overseas Forex Brokers that Accept Credit Cards | Fees and Processing Times

The following overseas forex brokers accept deposits and withdrawals via credit card

Overseas forex brokers that accept credit card deposits
Overseas Forex BrokersDeposit feeReflection time
AXIORYfreeImmediately
ExdefinefreeImmediately
FXGTfreeImmediately
FxProfree~10 minutes
HFMfreeImmediately
MONAXAfreeImmediately
MYFXMarkets2.5% of the deposit amountImmediately
StarTraderfreeImmediately
TitanFXfreeImmediately
Vantage Tradingfree~1 business day
XMTradingfreeImmediately
XS.comfreeImmediately
BigBossfreeImmediately
Credit card deposit fees and processing time

Credit card deposit fees are generally free at all overseas forex brokers

Withdrawals are also free of charge, but the deposit will be processed by the card company as a cancellation or refund

Please note that the processing time for this payment cancellation varies depending on the credit card company you are using, and it may take some time

Please note that you will need to use a different withdrawal method to withdraw any profits

Cryptocurrency

Cryptocurrency

In recent years, the number of overseas forex brokers that support deposits and withdrawals using cryptocurrency has been increasing

By depositing funds from your wallet or cryptocurrency exchange account to the designated remittance address of the overseas forex broker, you can receive the funds within approximately 30 minutes to an hour

Withdrawals vary among overseas forex brokers; some allow withdrawals to the same wallet used for deposits, while others require withdrawals of profits in fiat currency.

Overseas Forex Brokers that Support Cryptocurrencies | Fees and Processing Times

The following overseas forex brokers support deposits and withdrawals using cryptocurrency

Overseas forex brokers that accept cryptocurrency deposits
Overseas Forex BrokersDeposit feeReflection time
Axifree~15 minutes
ExdefinefreeImmediately
FXGTfree~30 minutes
FxProfree~10 minutes
HFMfree~3 business days
IS6FXfree~30 minutes
JadeFOREXfree~1 business day
MONAXAfree~15 minutes
MYFXMarketsfree~1 business day
StarTraderfree~1 business day
ThreeTraderfreeImmediately
TitanFXfreeImmediately
Vantage Tradingfree~1 hour
XMTradingfree~1 hour
XS.comfree~30 minutes
Cryptocurrency deposit fees and processing time
Overseas forex brokers that support cryptocurrency withdrawals
Overseas Forex BrokersWithdrawal feesReflection time
Axifree~15 minutes
Exdefinefree~1 hour
FXGTfree~2 business days
FxProfree~10 minutes
HFMfree~3 business days
IS6FXfree1-3 business days
JadeFOREXfree~1 business day
MONAXAfree~1 business day
MYFXMarkets3.5–30 USDT1-2 business days
StarTraderfreeImmediately
ThreeTraderfree1-3 business days
TitanFXfree~1 business day
Vantage Tradingfree3-5 business days
XMTradingfreeImmediately
XS.comfree~30 minutes
Cryptocurrency withdrawal fees and processing times

The number of overseas forex brokers that support deposits and withdrawals using cryptocurrency has increased considerably

Generally, overseas forex brokers do not charge fees for cryptocurrency deposits or withdrawals

However, due to the nature of cryptocurrencies, a separate transaction processing fee will be charged as a blockchain usage fee

Also, please note that the number of days it takes for the funds to be credited depends on the consensus algorithm used by the blockchain and the level of transaction congestion

International bank transfer

International bank transfer

Overseas bank transfers are a deposit and withdrawal method that is often used with overseas forex brokers that do not support Japanese

Unlike regular bank transfers, this method incurs a minimum fee of 2,500 yen depending on the financial institution, and takes approximately 3 to 1 week for the funds to arrive.

Therefore, with the exception of overseas forex brokers that do not support other deposit and withdrawal methods, there is basically no need to use international bank transfers

Overseas FX brokers that support international bank transfers | Fees and processing times

The following overseas forex brokers support deposits and withdrawals via international bank transfers

Overseas FX brokers that accept international bank transfers for deposits
Overseas Forex BrokersDeposit feeReflection time
MONAXAIt varies depending on the financial institution2-5 business days
MYFXMarketsfree1-3 business days
ThreeTraderfree1-3 business days
TitanFXfree1-3 business days
XS.comfree1-7 business days
International bank transfer deposit fees and processing time
Overseas FX brokers that support withdrawals via international bank transfer
Overseas Forex BrokersWithdrawal feesReflection time
AXIORY1,500 yen
(Free for deposits of 20,000 yen or more)
3-20 business days
FxProfree~5 business days
MONAXAIt varies depending on the financial institution2-5 business days
MYFXMarketsfree1-3 business days
ThreeTraderfree1-3 business days
TitanFXfree2-3 business days
XS.comfree1-7 business days
Withdrawal fees and processing times for international bank transfers

Even outside of the overseas forex brokers that specifically support deposits and withdrawals via international bank transfers, international bank transfers are generally used by many brokers

In the case of overseas forex brokers that operate under a financial license that allows them to accept Japanese residents, even if they do not offer Japanese language support, the funds will generally be used for international bank transfers or cryptocurrency deposits and withdrawals

Recommended deposit and withdrawal methods for overseas forex trading

Beginners in overseas forex trading may be wondering, "There are so many deposit and withdrawal methods, which one should I use?"

In conclusion, the following three methods are recommended for depositing and withdrawing funds from overseas forex brokers

With overseas forex trading, you can choose from these three deposit and withdrawal methods depending on your needs, allowing you to use the service with the lowest fees and fastest processing times

Easiest to use | Domestic bank transfer

The first recommended deposit and withdrawal method for overseas forex trading is "domestic bank transfer"

Domestic bank transfers are the easiest and most convenient method, and we recommend them to all overseas forex traders who want to easily deposit and withdraw funds from their overseas forex accounts 

Using domestic bank transfers with overseas forex brokers is a recommended deposit and withdrawal method because "all transactions, both deposits and withdrawals, can be handled entirely through the same bank."

  • Many overseas forex brokers allow withdrawals using the same method as the deposit
  • Ultimately, the profits will be withdrawn to the bank
  • Domestic bank transfers are often designated as the method for withdrawing profits

Many major brokers, such as XMTrading, only allow profit withdrawals via domestic bank transfer

Therefore, if you use domestic bank transfer for deposits, you can withdraw your profits as well in a single lump sum to your bank account when you withdraw funds

Even with overseas forex brokers that support domestic bank transfers, be aware that withdrawals exceeding a certain amount may require an international bank transfer

Want to deposit money as quickly as possible? | Credit Card/Debit Card

The second recommended deposit and withdrawal method for overseas forex trading is "credit card/debit card"

If you need to deposit trading funds into an overseas forex account as quickly as possible, credit or debit cards are the fastest way to receive the money

However, when withdrawing funds, the deposit amount is refunded (payment canceled) to the same card, which means that depending on the card company, it may take up to a month for the process to be completed

If you want to deposit funds as quickly as possible, we recommend using a credit or debit card

Using multiple overseas forex brokers | Bitwallet

The third recommended deposit and withdrawal method for overseas forex trading is "Bitwallet"

Using Bitwallet for deposits and withdrawals is recommended if you use multiple overseas forex brokers

Bitwallet, which is used by many overseas forex brokers for deposits and withdrawals, allows for smooth transfers of funds between accounts at different companies

For example, if you want to transfer trading funds from company A to company B's account, you can withdraw from company A to Bitwallet and then deposit from Bitwallet to company B. This process is free of charge and the funds are reflected instantly

Overseas Forex Deposit and Withdrawal Rules

Overseas forex brokers have the following deposit and withdrawal rules in place

Failure to follow these deposit and withdrawal rules may result in errors or delays in receiving your funds, so please be sure to check them carefully

Use a method that matches the account name

For deposits and withdrawals with overseas forex brokers, the account used for the transfer and the account with the overseas forex broker must be in the same name

Transfers made under a third party's name cannot be used for deposits and withdrawals with overseas forex brokers

For example, be careful not to use a family member's credit card or request a withdrawal to someone else's online wallet, as these may be rejected

Withdrawals of funds deposited via credit card will be given top priority

Overseas forex brokers have a priority system for withdrawal requests

If you have an account that uses multiple deposit methods, the first priority is to withdraw funds deposited via credit card

For example, if you have an account that has previously received credit card deposits, and the account balance becomes 0 yen, even if you make a profit by depositing again using a different method, you will first need to withdraw (refund) the credit card deposits

Domestic bank transfers are handled through the money transfer service provider's account

When using domestic bank transfers for deposits and withdrawals with overseas forex brokers, the recipient and sender names will be those of the money transfer service provider

Domestic bank transfers are not made directly under the name of the overseas FX broker

Therefore, when a withdrawal from an overseas forex broker is received, the funds will appear under a name other than that of the overseas forex broker

You can receive a deposit bonus

Many overseas forex brokers offer deposit bonuses that provide additional trading funds

Deposit bonuses are awarded based on the deposit amount, but be sure to pay attention to the "account type" of the trading account to which you are making the deposit

This is because the account types eligible for the deposit bonus are predetermined

Check the eligible account types for each company's deposit bonus to make sure you don't miss out on receiving your bonus

Withdrawal will cause the bonus to disappear

Credits received as deposit bonuses or account opening bonuses will be forfeited upon withdrawal

Since this credit can be used as trading capital, you should be especially careful when withdrawing funds from your account while you have open positions

If your bonus (credit) expires and your trading funds decrease, there is a risk of a drop in your margin maintenance ratio and a forced stop-loss

It's recommended to withdraw funds from an account that has a bonus after closing all positions and accumulating a substantial profit

Withdrawals will be made using the same method as the deposit

Many overseas forex brokers have a rule that "withdrawals must be made using the same method as the deposit."

This is a practice adopted by overseas forex brokers that hold financial licenses, from the perspective of anti-money laundering (preventing the concealment of the origin of funds obtained through criminal activities, etc.)

For example, if you deposit 100,000 yen using a credit card and have a balance of 150,000 yen including profits in your account, you would first withdraw (refund) 100,000 yen to the credit card used for the initial deposit, and then withdraw the remaining 50,000 yen using another method

A broker that allows you to withdraw hundreds of millions of yen in overseas forex trading with peace of mind

A broker that allows you to withdraw hundreds of millions of yen in overseas forex trading with peace of mind

Here, we introduce major overseas forex brokers where you can withdraw hundreds of millions of dollars with peace of mind

Traders with large amounts of capital should choose an overseas forex broker that has a large parent company and where reports of large withdrawals can be found on social media

Exdefine

excreate
itemContent
Establishment2008
licenseMauritius Financial Services Commission (Registration No.: GB20025294),
Cyprus Securities and Exchange Commission (Registration No.: 178/12),
UK Financial Conduct Authority (Registration No.: 730729)
*Licensed by 6 other financial authorities.
Fund managementSeparation management
includes coverage up to €20,000.
Maximum leverageUnlimited
bonusnone
Japanese supportcan be
Supported deposit and withdrawal methodsDomestic bank transfers,
credit cards
, Bitwallet,
STICPAY,
cryptocurrencies
Overview of Exness

The first broker that allows you to withdraw hundreds of millions of yen from overseas forex trading with peace of mind is "Exness"

Exness is a popular overseas forex broker known for its highly transparent operations and excellent trading conditions

Exness, which operates a brokerage business in 98 countries, publishes its trading volume on a monthly basis

Our customers' monthly trading volume is approximately 1,000 trillion yen, and many traders use Exness

Numerous reports of large withdrawals from Exness can be found on social media

MoneyChat Editorial Department

Exness employs unlimited leverage, which has produced many traders who make significant profits from small amounts of capital. The fact that there are no rumors of withdrawal refusals, despite the large number of traders who make big profits from small amounts of capital, is further evidence of Exness's reliability

TitanFX

titanfx
itemContent
Establishment2014
licenseFinancial Services Commission of the Republic of Vanuatu (Registration No.: 40313)
Seychelles Financial Services Authority (Registration No.: SD138)
Mauritius Financial Services Commission (Registration No.: GB20026097)
British Virgin Islands Financial Services Commission (Registration No.: 2080481)
Fund managementSeparation management
includes coverage up to €20,000.
Maximum leverage500 times
bonusnone
Japanese supportcan be
Supported deposit and withdrawal methodsDomestic bank transfer,
credit card,
Bitwallet,
STICPAY,
cryptocurrency,
international bank transfer
Overview of TitanFX

The second broker that allows you to withdraw hundreds of millions of yen safely from overseas forex trading is "TitanFX"

TitanFX is an overseas forex broker that enjoys enduring popularity among overseas forex traders who prioritize a good trading environment

Operated under the regulations of the Financial Services Commission of the Republic of Vanuatu, Bitwallet has received numerous positive reviews on social media, with users praising its convenient and instant deposit and withdrawal process

Its high execution speed and narrow spreads make it ideal for scalping and day trading

MoneyChat Editorial Department

I've been a long-time user of TitanFX, and I can say that the speed at which deposits and withdrawals are processed is considerably faster than other companies. For deposits and withdrawals between Bitwallets, the funds arrive almost instantly with virtually no time lag

XMTrading

xmtrading
itemContent
Establishment2009
licenseSeychelles Financial Services Authority (Registration Number: SD010)
, Mauritius Financial Services Commission (Registration Number: GB20025835),
UK Financial Conduct Authority (Registration Number: 705428)
*Licenses also obtained from 7 other financial authorities.
Fund managementSeparate management
Maximum leverage1,000 times
bonusNew account opening bonus: equivalent to 13,000 yen
100% deposit bonus: up to $500 equivalent
20% deposit bonus: up to $10,000 equivalent
Loyalty program: Points awarded for each trade, redeemable for cashback and bonuses
Referral bonus: up to 20,000 yen equivalent per referral
Japanese supportcan be
Supported deposit and withdrawal methodsDomestic bank transfers,
credit cards
, Bitwallet,
STICPAY,
cryptocurrencies
Overview of XMTradng

The third broker that allows you to withdraw hundreds of millions of yen from overseas forex trading with peace of mind is "XMTrading"

XMTrading, the most popular among Japanese traders, is an overseas forex broker operated by the XM Group, which boasts over 10 million accounts worldwide.

We have a reputation for fast deposit and withdrawal speeds, and withdrawals via domestic bank transfer arrive as early as the next day

Furthermore, precisely because of the large number of users, reports of high-value withdrawals in the Japanese-speaking world can be found most frequently on social media

MoneyChat Editorial Department

XMTrading is a reputable overseas forex broker, and many heavy users have been loyal to it for a long time, prioritizing its reliability in withdrawals. For those who prioritize peace of mind above all else when using overseas forex brokers, it's highly recommended

AXIORY

Axiory
itemContent
Establishment2011
licenseBelize Financial Services Commission (Registration Number: 000122/8)
Fund managementTrust protection with
coverage up to €20,000.
Maximum leverage1,000 times
bonusnone
Japanese supportcan be
Supported deposit and withdrawal methodsDomestic bank transfer
STICPAY
credit card
International bank transfer
Overview of AXIORY

The fourth broker that allows you to withdraw hundreds of millions of yen safely from overseas forex trading is "AXIORY"

AXIORY is a popular overseas forex broker that employs the NDD ECN method, allowing traders to trade directly at the rates of financial institutions

Due to its high execution speed and narrow spreads, it is frequently used by advanced traders who primarily engage in large-volume trading

Therefore, many large withdrawals can be seen on social media

MoneyChat Editorial Department

AXIORY's domestic bank transfer service is compatible with Curfex, a money transfer service licensed by the Japanese Financial Services Agency. A key feature of AXIORY is that it allows for speedy deposits and withdrawals via domestic bank transfers through a reliable money transfer provider

HFM

itemContent
Establishment2010
licenseSaint Vincent and the Grenadines International Business Company (Registration No.: 22747 IBC 2015)
UK Financial Conduct Authority (Registration No.: 801701)
Dubai Financial Services Authority (Registration No.: F004885)
Fund managementSegregated waste management
liability insurance up to 5 million euros
Maximum leverage2,000 times
bonus20% Deposit Bonus: Up to ¥750,000
Loyalty Program: Earn HFM bars with every trade, redeemable for various benefits
ROFM (Interest Bonus): Earn up to 3% annual interest on excess margin
Japanese supportcan be
Supported deposit and withdrawal methodsDomestic bank transfer
Bitwallet
cryptocurrency
Overview of HFM

The fifth broker that allows you to withdraw hundreds of millions of yen safely from overseas forex trading is "HFM (HFM Markets)"

HFM supports domestic bank transfers, which complete withdrawals in 1-3 business days, and Bitwallet, which allows for instant deposits and withdrawals

The speed of their domestic bank transfer service is highly praised in customer reviews

Furthermore, since it supports Bitwallet, you can take advantage of HFM's swap-free feature to move funds from other companies during swing trading to mitigate negative swaps

MoneyChat Editorial Department

HFM is a major overseas forex broker with a solid business foundation, known for sponsoring F1 teams, among other things. Therefore, their deposit and withdrawal systems are well-established, and even large withdrawals can be made smoothly and without hassle

How to choose an overseas forex broker that allows withdrawals in the hundreds of millions of yen

You can identify overseas forex brokers that allow withdrawals in the hundreds of millions of yen based on the following six points

For security reasons, information regarding actual withdrawals in the hundreds of millions is not made public, but it is possible to assess the reliability of withdrawals based on these factors

The acquisition of a financial license can be confirmed

Overseas forex brokers that do not have withdrawal problems always hold a financial license

A financial license is proof that a company is authorized as an FX broker by financial authorities in other countries, just as a domestic FX broker is authorized by the Financial Services Agency

Obtaining a financial license indicates that the company meets the safety standards set by the authorities and that it has a sound operational structure

We have at least 10 years of operational experience

If you choose a large, established overseas forex broker with a long track record, you can expect smooth handling of large withdrawals

If a company has a large customer base and a stable operational structure that has been providing services for many years, there should be no problem even if you request a withdrawal of hundreds of millions of yen

Conversely, with newer brokers that have been established for less than a year, the risk of your withdrawal request being rejected increases significantly when attempting to withdraw hundreds of millions of yen

We have a physical office

Some overseas forex brokers may have an address that is only set up to obtain a financial license, and they may not actually have an office there

FXGT
Images from when the MoneyChat editorial team visited FXGT's headquarters office

Therefore, important to be able to verify the actual state of operations, such as whether the company has offices in other countries .

With dubious overseas forex brokers whose business operations are unclear, there's a risk that you won't be able to withdraw your principal at all, let alone hundreds of millions of yen

Customer funds are segregated, protected by trust, and have compensation systems in place

Choose an overseas forex broker that has a robust system in place for managing customer funds and also provides compensation in case of bankruptcy

Unscrupulous businesses that misuse customer deposits for their own operating funds pose a risk of being unable to withdraw funds from your account

itemContent
Separate managementA system that ensures the security of customer funds by separating and managing customer funds from the company's own funds
Trust protectionThis system ensures that customer funds are protected even in the event of bankruptcy by depositing them with a trust bank
Liability insuranceThis system ensures that in the event of bankruptcy, the insurance company will pay compensation within the limits of the coverage amount
The Financial CommissionThis is a third-party organization that resolves disputes between customers and brokers, and if the broker fails to comply with the decision, the Financial Services Commission will pay compensation
Fund protection system for overseas forex brokers

Specifically, choose an overseas forex broker that employs the system described above

With these secure fund management systems and compensation schemes in place, the risk of being unable to withdraw funds from an overseas forex broker is virtually nonexistent

There are no malicious withdrawal refusals

Avoid using overseas forex brokers that are plagued by rumors of malicious withdrawal refusals

With overseas forex brokers that refuse withdrawals for unfair reasons, even if you make a profit from trading, it's meaningless because you can't withdraw the money

Because rumors that are not true tend to circulate easily around major overseas forex brokers, it is important to verify information through reviews that include photographic evidence of what appears to be malicious withdrawal refusal

Important points regarding deposits and withdrawals in overseas forex trading

The following five points should be noted regarding deposits and withdrawals in overseas forex trading

  1. If you have a large amount of capital to invest, use multiple brokers
  2. Check the deposit and withdrawal rules
  3. Pay attention to the conditions under which the bonus will disappear
  4. Bank transfers must be processed through the member page each time
  5. Some banks do not support international bank transfers

Most problems that occur when using a reliable overseas forex broker are due to a lack of attention to these deposit and withdrawal procedures

Make sure to carefully review the important points and withdraw your earned profits smoothly

If you have a large amount of capital to invest, use multiple brokers

The first important point regarding deposits and withdrawals in overseas forex trading is to "use multiple brokers if you have a large amount of capital to invest."

For advanced traders with substantial capital, dividing their funds and using multiple overseas forex brokers offers the following advantages:

  • Reduce the delay and processing time for large withdrawals
  • Maximum leverage limit based on account balance
  • Even if the FX broker goes bankrupt, you will still have your funds

When you have a large amount of investment capital, there is little benefit in depositing it all into a single account

With overseas forex trading, you can avoid the maximum leverage limit by diversifying your funds across multiple accounts, and you can also avoid the extra procedures involved in large withdrawals

Check the deposit and withdrawal rules

The second important point regarding deposits and withdrawals in overseas forex trading is to "check the deposit and withdrawal rules."

If you violate the deposit and withdrawal rules, even deposits and withdrawals from a trustworthy overseas forex broker will not be processed smoothly

Therefore, it's a good idea to check the deposit and withdrawal rules of each overseas forex broker in advance

Pay attention to the conditions under which the bonus will disappear

The third point to note regarding deposits and withdrawals in overseas forex trading is "pay attention to the conditions under which bonuses expire."

If you are using a bonus campaign, be sure to check the conditions for bonus forfeiture upon withdrawal

This is because the credits received as a bonus will be forfeited upon withdrawal

If your credit runs out, your trading funds will change, and if you have open positions, there is a risk of being forced to close your position

Bank transfers must be processed through the member page each time

The fourth important point regarding deposits and withdrawals in overseas forex trading is that "bank transfers must be processed through the member page each time."

If you are making a deposit via bank transfer, do not make any deposits to the previously designated account without prior authorization

This is because the recipient of the bank transfer will change

When making a deposit via bank transfer, always make sure to complete the deposit procedure through the overseas forex broker's member page and transfer the funds to the designated bank account

Some banks do not support international bank transfers

The fifth point to note regarding deposits and withdrawals in overseas forex trading is that "some banks do not support international bank transfers."

Deposits and withdrawals via international bank transfer require a bank account with a dedicated SWIFT code

Banks without a SWIFT code do not support international bank transfers and therefore cannot be used for deposits and withdrawals from overseas forex brokers

Frequently Asked Questions about Deposits and Withdrawals in Overseas Forex Transactions

What deposit and withdrawal methods are available with overseas forex brokers?

Many overseas forex brokers offer the following deposit and withdrawal methods:

  • Domestic bank transfer
  • Credit card / Debit card
  • Online wallets such as Bitwallet and STICPAY
  • Cryptocurrencies (Bitcoin, USDT, etc.)
  • International bank transfer

Do deposits and withdrawals have to be done using the same method?

Yes, many companies require withdrawals to be made using the same method and in the same amount as the deposit, for "money laundering prevention" purposes

In many cases, there are other options available for profit-making

Where should I send the money for a domestic bank transfer?

The funds will be transferred to the account of a domestic money transfer service provider that the overseas forex broker has partnered with

Since the bank transfer information is updated regularly, it is important to make the payment exactly as instructed on the member page

How long does it take to withdraw funds from an overseas forex broker?

The time it takes to withdraw funds varies depending on the overseas forex broker, but generally, the estimated time for receiving funds for each withdrawal method is as follows:

  • Domestic bank transfer: 1-3 business days
  • Credit card: Up to 30 days
  • Online wallet: Instant to 1 business day
  • Cryptocurrency: Instant to 1 business day
  • International bank transfer: 3-7 business days

Are there withdrawal fees for overseas forex trading?

Withdrawal fees charged by overseas forex brokers are often free

However, withdrawals below a certain amount may incur a transfer fee. Furthermore, any fees incurred by the receiving online wallet or bank are the user's responsibility

What should I be careful about regarding the name used when making deposits and withdrawals?

Deposits and withdrawals must be made under the same name as the account holder

Deposits and withdrawals using the names of family members or third parties are generally prohibited

If I receive a deposit bonus, are there any restrictions on withdrawals?

No, there are generally no restrictions on withdrawing profits

However, since any bonuses received will be forfeited upon withdrawal, be sure to pay attention to fluctuations in your margin maintenance ratio while holding positions

What are some things to be aware of when depositing or withdrawing funds using cryptocurrency?

While cryptocurrency deposits and withdrawals offer fast transaction speeds and relatively low fees, they carry the risk of price fluctuations. Be extremely careful when sending funds to the wrong address, as you may lose your funds entirely

Is it okay to withdraw large sums of money (millions to hundreds of millions of yen) from overseas forex trading accounts?

Some brokers offer large withdrawal options, but you may be required to withdraw in installments or resubmit your identity verification documents

It is important to choose a reliable broker and to check the withdrawal limits and procedures in advance

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