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Get Your Profits Easily: Best Forex Brokers with Fast Withdrawals for 2023

The Best Forex Brokers for 2024

HF Markets Group Review

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HF Markets, also known as HF Markets Group, is a prominent brokerage firm offering comprehensive trading services in the Forex market. With a global presence and a commitment to transparency and customer satisfaction, HF Markets has established itself as a trusted name in the industry.

FxPro Review

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FxPro is a prominent name in the world of online forex brokerage, recognized for offering a wide array of trading services to clients globally. Founded in 2006, FXPro has established itself as a leading player in the forex market, catering to both retail and institutional traders.

OctaFX Review

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OctaFX is a well-recognized online Forex broker that has carved a niche for itself in the competitive world of Forex trading. Since its inception in 2011, OctaFX has been committed to providing a high-quality trading environment designed to cater to the needs of traders globally.

Exness Review

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Exness is a globally recognized brokerage firm that offers online trading services. Founded in 2008, Exness has grown rapidly to become one of the largest and most trusted Forex brokers in the industry. With a focus on innovation, transparency, and client satisfaction, Exness strives to provide traders with the tools and resources they need to succeed in the financial markets.

FXTM Review

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FXTM, also known as ForexTime, is a leading online brokerage firm specializing in Forex and CFD trading. With a global presence and a commitment to innovation and client satisfaction, FXTM has established itself as a trusted name in the financial industry. The broker offers a wide range of trading instruments, advanced trading platforms, and competitive trading conditions.

XM Review

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XM is a well-established online brokerage firm offering trading services in the foreign exchange market. With a strong commitment to providing transparent and reliable trading solutions, XM has become a popular choice among traders worldwide.

FXCC Review

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FX Central Clearing Ltd., commonly known as FXCC, stands as a distinguished online brokerage, excelling in Forex and CFD trading. Its dedication to transparency, integrity, and ensuring client satisfaction has garnered a commendable reputation within the financial sector. FXCC provides an array of trading instruments, cutting-edge trading platforms, and favorable trading conditions.

IronFX Review

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IronFX stands out as a distinguished online brokerage firm in the Forex trading sector. Launched in 2010, IronFX has rapidly climbed the ranks to become a prominent figure in the industry, offering traders a broad spectrum of financial instruments, sophisticated trading platforms, and favorable trading conditions.

HF Markets Group Review

HF Markets Review

HF Markets was founded in 2010 and has since grown into one of the leading Forex brokers worldwide. The company's journey began with a vision to provide retail and institutional clients with access to a wide range of financial markets and innovative trading tools. Over the years, HF Markets has expanded its offerings and enhanced its services to meet the evolving needs of traders in today's dynamic market environment. HF Markets operates under the strict regulatory oversight of multiple regulatory authorities, ensuring compliance with international standards and the protection of client funds. The broker is regulated by reputable bodies such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Services Commission (FSC) in Mauritius. These regulatory licenses demonstrate HF Markets' commitment to maintaining the highest standards of integrity and transparency in its operations. The headquarters of HF Markets is located in Cyprus. Additionally, the broker has regional offices in various countries, including the UK and Dubai, reflecting its global presence and commitment to serving clients worldwide.

Pros of HF Markets

Cons of HF Markets

Trading Platforms and Trading Conditions: HF Markets offers access to a range of advanced trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available for desktop, web, and mobile devices. These platforms provide traders with advanced charting tools, technical indicators, and automated trading capabilities, enabling them to execute trades efficiently and effectively. The trading conditions at HF Markets include competitive spreads starting from as low as 0.0 pips, with variable or fixed spread options available. The broker offers leverage of up to 1:1000, allowing traders to amplify their trading capital. Additionally, HF Markets imposes minimal commission fees, making trading cost-effective for clients.

In summary, HF Markets stands out as a reputable and trustworthy brokerage firm with a strong track record in the Forex market. With its regulatory compliance, diverse range of trading instruments, advanced trading platforms, competitive trading conditions, and comprehensive educational resources, HF Markets offers a compelling option for both novice and experienced traders. Despite minor drawbacks such as inactivity fees and limited availability of certain services, HF Markets' overall reputation for reliability, transparency, and trustworthiness makes it a top choice for traders seeking a reputable broker in the Forex market.

  Detailed Rating & Review     Trader's reviews
FXPro Review

FXPro Review

The broker is known for its client-centric approach, offering access to a vast range of markets, including forex, futures, spot indices, shares, spot metals, and energies. FXPro's journey began over a decade ago with a vision to democratize trading by providing transparent and fair access to financial markets. This vision was underpinned by a commitment to offering superior trading conditions, advanced technology, and exceptional client service. Over the years, FXPro has expanded its operations globally, serving clients in more than 170 countries. The brokerage has gained a reputation for reliability, innovation, and excellence. It has received numerous awards and accolades from financial institutions and publications, acknowledging its service quality, technological advancements, and contribution to the trading industry. FXPro's dedication to transparency and client protection is evident in its choice of regulatory compliance and operational conduct. FXPro was founded in 2006 by a group of financial experts who aimed to create a brokerage that prioritized the trader's needs. Over the years, it has evolved from a small broker into a global entity, continually enhancing its product offerings and technological infrastructure to meet the dynamic needs of traders.

FXPro is heavily regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of The Bahamas (SCB). These regulatory frameworks ensure that FXPro operates within strict guidelines, offering a secure and transparent trading environment for its clients. FXPro's headquarters is located in London, UK, with additional offices in Cyprus, Monaco, and the Bahamas. This global presence not only underscores its commitment to being close to its clients but also its capacity to offer localized support and services across different regions.

Pros of FXPro

Cons of FXPro

Trading Platforms and Conditions. FXPro offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and the FXPro Trading Platform. Each platform comes with its own set of features, including advanced charting tools, automated trading capabilities, and a user-friendly interface. The trading conditions at FXPro are competitive, with tight spreads, no commissions on MT4 and MT5 platforms, and a commission-based structure on cTrader. The broker provides leverage up to 1:500, depending on the client's knowledge and experience.

FXPro stands out as a broker of choice for traders seeking a reliable, regulated, and reputable online forex broker. Its commitment to providing a secure trading environment, combined with competitive trading conditions, advanced technology, and dedicated customer support, makes it a compelling option for traders of all levels. The broker's strong regulatory framework and global presence further solidify its reputation as a trustworthy and transparent broker in the forex market. Whether you're a novice trader or an experienced professional, FXPro offers a trading experience that is both enriching and secure, making it a top consideration for anyone looking to engage in online trading.

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Octa Review

Octa Review

The broker is renowned for its client-centric approach, offering a range of financial instruments, cutting-edge technology, and a platform for both novice and experienced traders to excel. With a strong emphasis on reliability, transparency, and innovation, Octa has managed to attract a significant client base by offering competitive spreads, low latency execution, and minimal slippage. This focus on delivering an optimal trading experience is complemented by their dedication to customer service, providing traders with extensive educational resources, market analysis, and 24/5 customer support. Founded in 2011, OctaFX set out with the aim of creating a trading environment that was both inclusive and conducive to the success of traders at all levels. Over the years, it has significantly expanded its service offerings and global reach, continually adapting to the evolving needs of the Forex market and its participants. The company's growth trajectory is marked by a series of strategic developments, including the introduction of new trading instruments, platform enhancements, and a focus on sustainable trading practices. Octa operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with stringent EU financial regulations. This regulatory framework mandates strict adherence to financial standards, including client fund protection, transparency, and fair trading practices. Traders can thus engage with Octa with confidence, knowing they are dealing with a broker that is held to high regulatory standards. The broker's main operational headquarters are located in Cyprus, a strategic choice given the country's status as a key financial hub within the European Union. This location not only facilitates regulatory compliance but also positions Octa to effectively serve a diverse international clientele.

Pros of Octa

Cons of Octa

Octa supports MetaTrader 4, MetaTrader 5, and its proprietary Octa Trading App. These platforms are equipped with advanced charting tools, automated trading features, and are accessible on desktop and mobile devices. Trading conditions include leverage up to 1:500, spreads starting from 0.2 pips, and a transparent commission structure that ensures traders have clear insights into their trading costs. Octa stands out as a reputable Forex broker offering a secure, innovative, and user-friendly trading environment. Its commitment to regulatory compliance, combined with competitive trading conditions and exceptional customer support, makes it an attractive option for traders seeking a reliable and efficient brokerage. The broker's emphasis on education and market analysis further supports its clients in making informed trading decisions.

In choosing Octa, traders align themselves with a broker that values transparency, integrity, and the success of its clients. Despite some limitations in product offerings and geographical availability, Octa's reputation and trust within the trading community continue to grow, underpinned by its dedication to providing superior trading experiences. For those seeking a partner in the Forex market, Octa represents a compelling choice, distinguished by its commitment to excellence and the continuous enhancement of its services to meet the evolving needs of its clientele.

  Detailed Rating & Review     Trader's reviews
Exness Review

Exness Review

Established in 2008 by a cadre of financial experts, Exness embarked on a mission to transform the online trading landscape. From its outset, Exness has seen remarkable growth, broadening both its customer base and global footprint. Through relentless technological investment and a dedication to superior service, Exness has risen to prominence in the Forex trading sphere. Operating under stringent regulatory oversight, Exness is committed to upholding international standards and safeguarding client assets. The firm is licensed by esteemed regulatory entities, including the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission (FSC) in Seychelles. These accreditations underline Exness's adherence to the highest ethical and operational standards. With its main office situated in Limassol, Cyprus, Exness also maintains regional branches in key locations such as the UK, Singapore, and Cyprus. This global network underscores its dedication to offering comprehensive services to clients across the globe.

Advantages of Trading with Exness

Limitations of Exness

Trading Infrastructure and Conditions: Exness offers a suite of sophisticated trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), suitable for various devices. These platforms boast advanced charting options, numerous technical indicators, and automated trading features, enabling traders to conduct their transactions both efficiently and effectively. Trading terms at Exness are characterized by highly competitive spreads from as low as 0.0 pips, offering both variable and fixed spread configurations. The brokerage provides leverage up to 1:2000, allowing for significant trading capital amplification. Furthermore, Exness's trading framework is designed to be cost-effective, thanks to its minimal commission charges.

Exness stands out as a reliable and distinguished brokerage in the Forex arena, attributed to its regulatory integrity, cutting-edge trading platforms, beneficial trading conditions, and extensive educational resources. While it faces minor limitations like restricted service availability in certain areas, Exness's steadfast reputation for trust, transparency, and excellence positions it as an attractive broker choice for traders at all levels of experience.

  Detailed Rating & Review     Trader's reviews
FXTM Review

FXTM Review

FXTM was founded in 2011 by a team of financial professionals with extensive experience in the Forex industry. Since its inception, the company has grown rapidly, expanding its client base and geographic reach. FXTM has received numerous awards and accolades for its excellent service and commitment to excellence, solidifying its reputation as a leading brokerage firm in the Forex market. FXTM operates under the regulatory supervision of multiple reputable authorities, ensuring compliance with international standards and the protection of client funds. The broker is regulated by regulatory bodies such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Services Commission (FSC) in Mauritius. These regulatory licenses demonstrate FXTM's commitment to maintaining the highest standards of integrity and transparency in its operations. FXTM's headquarters are located in Limassol, Cyprus. Additionally, the broker has regional offices in various countries, including the UK, South Africa, and Nigeria, reflecting its global presence and commitment to serving clients worldwide.

Pros of FXTM Forex Broker

Cons of FXTM Forex Broker

FXTM provides access to a range of advanced trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available for desktop, web, and mobile devices. These platforms offer advanced charting tools, technical indicators, and automated trading capabilities, enabling traders to execute trades efficiently and effectively. The trading conditions at FXTM include competitive spreads starting from as low as 0.1 pips, with variable or fixed spread options available. The broker offers leverage of up to 1:1000, allowing traders to amplify their trading capital. Additionally, FXTM imposes minimal commission fees, making trading cost-effective for clients.

FXTM is a reputable and trustworthy brokerage firm with a strong track record in the Forex market. With its regulatory compliance, advanced trading platforms, competitive trading conditions, and comprehensive educational resources, FXTM offers a compelling option for both novice and experienced traders. Despite minor drawbacks such as limited availability of certain services, FXTM's overall reputation for reliability, transparency, and trustworthiness makes it a top choice for traders seeking a reputable broker in the Forex market.

  Detailed Rating & Review     Trader's reviews
XM Review

XM Review

Established in 2009, XM has carved a niche for itself in the competitive Forex trading landscape. Over the years, the firm has witnessed substantial growth, amassing a broad clientele thanks to its commitment to outstanding customer service and superior trading execution. XM has adapted its offerings to align with the evolving demands of traders, maintaining its position as a leading entity in the sector. XM stands out for its stringent compliance with international regulatory standards, safeguarding client investments. It is authorized and regulated by several esteemed bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC). These accreditations underscore XM's dedication to upholding the utmost in operational integrity and transparency. The primary operations hub of XM is situated in Limassol, Cyprus, with additional regional offices across the UK, Australia, and Greece. This widespread presence highlights XM's commitment to offering tailored services to its international customer base.

Advantages of Trading with XM

Challenges of Trading with XM

Trading Infrastructure and Conditions: XM offers access to an array of advanced trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), compatible with desktop, web, and mobile usage. These platforms are equipped with sophisticated charting utilities, a range of technical indicators, and automation capabilities, ensuring efficient and effective trade management. XM's trading conditions are characterized by highly competitive spreads as low as 0.0 pips, alongside both variable and fixed spread options. The broker provides leverage up to 1:888, enabling significant capital augmentation. Furthermore, XM's trading model is designed to be cost-efficient, featuring minimal commission fees.

XM stands as a reputable and reliable broker within the Forex market, distinguished by its adherence to regulatory standards, advanced trading platforms, favorable trading conditions, and extensive educational resources. While it faces minor limitations such as the regional unavailability of certain offerings, XM's reputation for dependability, transparency, and excellence positions it as a preferred choice for both beginner and seasoned traders in search of a credible Forex trading partner.

  Detailed Rating & Review     Trader's reviews
FXCC Review

FXCC Review

Established in 2010, FXCC is a relatively fresh entrant in the Forex marketplace. Despite its brief history, the firm has rapidly distinguished itself through premium service quality and a steadfast commitment to excellence. The founders, who boast a wealth of experience in financial markets, aimed to establish a brokerage that foregrounds client interests and delivers an unmatched trading experience. FXCC is subject to the regulation of esteemed authorities, adhering to global standards and safeguarding client investments. It is regulated by entities including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa, highlighting its adherence to the utmost standards of integrity and transparency. The main office of FXCC is situated in Limassol, Cyprus, with additional regional offices, such as in South Africa, underscoring its international outreach and dedication to catering to clients across the globe.

Advantages of Trading with FXCC

Limitations of Trading with FXCC

FXCC grants access to leading trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), compatible with desktop, web, and mobile usage. These platforms are equipped with advanced charting tools, technical indicators, and options for automated trading, facilitating efficient and strategic trade execution. The trading conditions at FXCC feature highly competitive spreads from as low as 0.0 pips, with choices between variable or fixed spreads. The broker also offers leverage up to 1:500, enabling significant amplification of trading capital, while maintaining low commission fees to ensure cost-effective trading.

In conclusion, FXCC emerges as a credible and dependable brokerage firm in the Forex domain, characterized by its regulatory compliance, sophisticated trading platforms, advantageous trading conditions, and proactive customer support. Although relatively newer in comparison to some established brokers, FXCC's dedication to excellence and client satisfaction positions it as an appealing choice for traders in search of a reputable trading partner.

  Detailed Rating & Review     Trader's reviews
IronFX Review

IronFX Review

IronFX stands out as a distinguished online brokerage firm in the Forex trading sector. Launched in 2010, IronFX has rapidly climbed the ranks to become a prominent figure in the industry, offering traders a broad spectrum of financial instruments, sophisticated trading platforms, and favorable trading conditions. Dedicated to excellence and client satisfaction, IronFX has built a reputable standing among traders globally. Initiated in 2010 by a team of seasoned financial experts, IronFX has shown remarkable growth and expansion since its establishment. Attracting a vast clientele, the firm is celebrated for its superior services. The founders of IronFX set out to merge state-of-the-art technology with personalized customer care to address the varied demands of traders. IronFX is subject to the oversight of several esteemed regulatory bodies, affirming its adherence to international norms and the safeguarding of client assets. It is regulated by authorities including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC). These endorsements reinforce IronFX's dedication to upholding the utmost standards of integrity and openness. Headquartered in Limassol, Cyprus, IronFX also maintains regional offices in key locations such as the UK, Australia, and South Africa. This underscores its global outreach and its pledge to cater to a worldwide clientele.

Advantages of IronFX

Challenges of IronFX

IronFX offers a suite of advanced trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), compatible with desktop, web, and mobile. These platforms feature sophisticated charting options, numerous technical indicators, and functionalities for automated trading, facilitating efficient and effective trade executions. IronFX's trading conditions are highly competitive, with spreads starting as low as 0.0 pips and the choice between variable or fixed spreads. The brokerage provides leverage up to 1:1000, enhancing traders' ability to increase their trading capital. Furthermore, IronFX's trading framework is designed to be cost-efficient, with minimal commission charges.

IronFX is a reputable and reliable brokerage firm with a commendable history in the Forex market. It stands as a strong candidate for traders in search of a dependable brokerage, thanks to its regulatory compliance, advanced trading platforms, favorable trading conditions, and extensive educational resources. While there are minor issues like the complex account verification process and regional restrictions on services, IronFX's reputation for dependability, transparency, and integrity positions it as a preferred choice for traders aiming to partner with a trustworthy brokerage.

  Detailed Rating & Review     Trader's reviews

Forex Guides about the Best Forex Brokers

Written by Senior Market Analyst Feng Zhou Feng Zhou, edited by Senior Market Analyst Stephane Dubois Stephane Dubois

You must agree that getting a good night's sleep is easier when you know that if anything happens, you can get money from your Forex account without a delay. Paying an unexpectedly large bill, buying a birthday present at the last moment, or lending a friend a helping financial hand - you never know when you are going to need an extra few hundred, or thousand, bucks or euros, or pounds, whichever currency you use to pay taxes.

In this article, we at Forex Rating are going to reveal The Best 10 Forex brokers with the fastest withdrawals. All of them have many instant or same-day withdrawal options for customers with verified accounts. So if you don't want to spend days nervously refreshing your account balance, consider signing up or switching to one of the brokers from the list below - they are the best in the industry, that's for sure.

Get Your Profits Easily: Best  Forex Brokers with Fast Withdrawals for 2023

The advantages of having an account with the Forex broker that allows fast withdrawals - there’s a lot of them 

Seeing the hard-earned profits from trading foreign currencies arriving swiftly in your checking account or electronic wallet is one of the greatest pleasures of this tough profession. No one in a sane mind would want to wait for a long time for pay day; for the money that a market player can re-invest, use to pay the bills, or spend on life's pleasures right away. Such is the reason from Captain Obvious for opting for a Forex broker that ensures fast withdrawals, the most apparent one that doesn't even need a separate paragraph. But dealing with a non-delaying trading services provider has other advantages worth mentioning.

Scammer alert

In our experience, serious and trustworthy Forex brokers never put a spoke in the trader's wheel when it comes to funds withdrawal. On the contrary, such brokers rarely disrupt the flow of funds in and out of respective platforms without a solid reason like non-compliance with the anti-money laundering (AML) requirements. It's in their interest to ensure the best user experience, which lies partially in the ability to receive profits promptly. Fast withdrawal is an integral part of their customer retention strategies.

On the other hand, brokers with ill repute, which is another way of saying "scammers," often lure naive Forex greenhorns with something like a four-figure deposit bonus. Everything might be going fine: an unsuspecting trader could be making profits and dreaming of nice things to buy until he or she tries to withdraw the money; that's when the real quest begins. We know the examples when such brokers have deliberately limited the withdrawable sums or even arbitrarily blocked the accounts. The topic of Forex scams is too extensive to be crammed into one subchapter, but here are a few tips on how to avoid being caught on the hook of scammers:

Fast withdrawals mean more opportunities for making a profit

By now, it should become obvious that quick, preferably same-day, withdrawal from a broker's account gives more control over your investment capital. Also, it could be a decisive factor when trying to seize a "hot" investment opportunity. Let's say that you've got a tip about a cryptocurrency that's about to have a massive rally, but your broker doesn't offer access to this market.

In crypto, the pumps usually don't last more than a day or two, so fast in-and-out action is needed. In that case, only Forex brokers with instant or same-day withdrawal options will allow you to realize that opportunity to make a profit, possibly a big one. Otherwise, you could end up paying a withdrawal fee to have the funds arrive only when the crypto rally starts to lose steam or even runs its course altogether, a frustrating experience.

There is also a profit-making method called arbitrage, which remains popular among crypto enthusiasts. In simple terms, arbitrage implies moving funds quickly between exchanges or trading platforms where the price of the same asset differs in your favor. For example, the technical analysis tells you that BTC has found the local bottom and is about to have an uphill run. Your Forex broker lists this currency at $16,900, whereas another trusted exchange currently has it at $16,750.

Once again, quick withdrawal lets you move the money fast enough to acquire a good asset at a bargain price, realize the profit from the theoretical rally, and deposit more money back to the same Forex broker's account or use them at your discretion. The point is that Forex brokers with fast withdrawals make your investment capital more liquid; they allow moving it more freely and avoid wasting chances to make money. So if you are an active investor who likes to hustle and move the money around, Forex brokers with instant or same-day withdrawals present a perfect solution.  

The factors that determine the withdrawal speed

When we speak of Forex brokers with fast withdrawals, and more so of the same-day ones, it must be understood that such an attribute might not refer to all withdrawal methods at the broker’s disposal. Each withdrawal gateway has specific requirements for a transaction to take place, like the mentioned adherence to the AML rules or the passing of the Know Your Customer (KYC) procedure, which is mandatory for all trusted Forex brokers on our list. Let’s review all the factors that determine the speed of money withdrawal from the Forex account.

The reluctance to pass the KYC could turn the withdrawal process into a drag

With financial authorities being locked in an endless battle with fraudsters, who always come up with creatives ways to steal people’s money, a full identity verification when opening an account with a financial services provider, be that a Forex broker or a cryptocurrency exchange, became a common practice among responsible industry players.  

However, some brokers allow registration of minor accounts without passing the KYC, but that implies significant withdrawal limitations, both in the amount and the time. We’d like to point out that all top 10 Forex brokers on our list have strict verification demands for newcomers because that is one of the core elements of what we call a trusted broker – adherence to the AML rulers imposed by regulators.

Such a law-abiding attitude might not be liked by those who are too fixated on not sharing personal data online. But like it or not, those are the rules we all have to play by if we want to move money around as quickly as possible without risking being grabbed by the long hand of the law. The brokers that have a relaxed attitude towards KYC usually operate from offshore jurisdictions or the ones regulated by lower-tier authorities.

Needless to say that “reliable” isn’t the kind of word that best describes such brokers. Rest assured that sooner or later you’ll run into some issues when trying to withdraw the funds. At the very least, you’d have to wait for days for a transaction to complete, possibly even getting a call from your bank in the process. So it’s always better to pass the KYC to get the withdrawals cleared out much quicker than to worry about “pending” transactions.

The withdrawal method could be the difference between minutes and hours of waiting time

When speaking about Forex brokers with easy withdrawals, it’s important to understand that the speed of withdrawal may range significantly even with the same provider. The reason is obvious: different payment processing outlets have different withdrawal times. Currently, electronic and cryptocurrency wallets represent the fastest method of getting your profits from the broker’s account to your pocket. We would give preference to e-wallets like PayPal or Skrill only because popular blockchain networks like Ethereum often get congested, which reflects negatively on the processing time and transaction fees may become ridiculously high.  

Withdrawals to Visa or MasterCard are also happening rather quickly, especially if you have completed identity verification procedures and that’s not the first transaction to a given account.

Once again, the issues with withdrawals through these two global payment processing services are possible only if your Forex account isn’t properly verified, for instance, the name under which the account is registered doesn’t correspond to the name of the holder of the Visa/MasterCard banking card. In such a case, the withdrawal could be significantly delayed or canceled altogether. But if everything is in order, the withdrawal shouldn’t take more than a couple of hours.

Bank wire is the least preferred option, time-wise

In case crypto, e-wallet, or Visa doesn’t suit you, all top Forex brokers offer an option to withdraw funds via bank wire to your personal account. While being a perfectly legitimate withdrawal method, the bank transfer is definitely the slowest of all, and most likely the priciest. In our experience, same-day withdrawals via bank wire may take place only when the account holder, the broker, and the bank are in the same jurisdiction and only if the holder’s personal details are verified by the bank. Otherwise, prepare to wait for the usual 3 to 5 business days for the withdrawal to be completed. The waiting time may extend if there's a need for currency conversion by the intermediary bank; for instance, if you withdraw the money in USD but want to receive it in GBP, JPY, or CAD.

Our methodology for selecting the top 10 Forex brokers for fast withdrawals

We are going to reiterate in every article dedicated to the best Forex brokers that our goal is not only to offer our selection of the finest firms across the industry. Forex Rating also strives to educate the reader so that he or she can make a weighted decision when, for instance, deciding to register with a new broker that we are yet to review. For that reason,we always reveal the methodology used for the selection process. Basically, it’s the sum of all factors mentioned in the upper paragraphs, but let’s make a quick recap to solidify the acquired knowledge before moving on to the actual ranking.

As always, a broker’s reputation, reliability, and track record are three crucial factors when determining whether it deserves the spot on our list. Poorly regulated Forex brokers with bad customer reviews will never find a place here. In this particular case, the preference has obviously been given to brokers with the widest range of withdrawal methods that include crypto, e-wallets, and bank transfers;

Our methodology for selecting the top 10 Forex brokers for fast withdrawals

Our methodology also includes functional testing of each broker through the registration of a base account with the subsequent attempt to withdraw deposited funds and registration of the time passed between making the withdrawal request and seeing the money land in a designated account. In our case, the said time didn’t exceed 24 hours even for the bank wire, but remember that the aforementioned factors may prolong the pending time;

Obviously, we couldn’t have ignored such a crucial factor which is the withdrawal fees, especially those that concern bank transfers as they are usually the highest. Needless to say that Forex brokers with predatory or hidden fees were ignored.

Our top 10 Forex brokers with fast and easy withdrawals


FXTM - fast and cheap withdrawals for Forex traders from developing countries

FXTMShort overview of the broker: FXTM is a trusted Forex broker that surfaced on the financial horizon in 2011. The provider quickly rose to popularity; currently, the broker reportedly has over 4 million active users. Before 2021, FXTM was regulated by the Cyprus Securities and Exchange Commission (CySEC), which allowed accepting customers from the European Economic Area (EEA). Now, the broker operates under the umbrella of the Financial Services Commission (FSC) of Mauritius which is also a top-tier financial regulator. FXTM offers the following account types: Micro, Advantage, and Advantage Plus.

Available withdrawal methods: When analyzing the ways to withdraw money from FXTM, it became apparent that the broker is focused on developing countries. The provider offers plenty of means for local bank transfers to African countries (Ghana, Nigeria, Kenya, Morocco), Latin America, Southeast Asia (Thailand, Singapore, Indonesia, Laos), and the Middle East. The processing time for most bank transfers doesn't exceed 24 hours, except for Latin America (3-4 business days). FXTM also has options to transfer the funds to credit cards: Visa, Mastercard, and Maestro - the withdrawal also takes less than a day. The Forex broker also has a host of e-wallets and crypto gateways: Skrill, Neteller, WebMoney, Qiwi, Perfect Money, and TC Pay Wallet. 

Withdrawal fees: Commission for local transfers ranges from 0.5% to 3.2%, with some outlets doing such operations on a no-commission basis. Visa/Mastercard/Maestro impose a flat fee of $3. The cost of withdrawal to crypto wallets depends on the current network fee.

Important note: FXTM imposes a monthly inactivity fee of $5 after six months of inaction. And in case you try to withdraw funds after this period, FXTM may charge 3% of the withdrawal sum.


XM - a first-rate broker with excellent withdrawal conditions

XM

Short overview of the broker: XM is a fully trusted Forex broker that opened shop in 2009 with headquarters located in Belize. It is a core part of XM Global Limited, an international company licensed by the Financial Services Commission (FSC) and regulated by the CySEC. Its key advantages, and the main reasons why XM serves more than 5 million customers from 190 countries, are the following:

The broker offers the leverage of 1:1000 for all of its accounts: Micro, Standard, Ultra Low, and Shares. The minimum deposit is as low as $5. XM offers a welcome bonus of up to $5,000.  

Available withdrawal methods: XM has an abundance of means for funds withdrawals including PayPal, Skrill, bank wire, debit/credit cards, crypto, and more. The broker adheres to the Withdrawal Priority Procedure which stipulates that it strictly processes withdrawals made only to the account of a person that made the original deposit. XM assures that it processes all withdrawal requests within 24 hours on business days, though bank wire to non-EU countries may take up to 5 days. The fastest withdrawals are made to e-wallets. There are limitations on withdrawal requests that may result in the margin level dropping below 150%.        

Withdrawal fees: The great thing about XM is that this broker covers all withdrawal fees made to e-wallets such as Skrill as well as some bank wire transfers that exceed $200. 


HF Markets - highly regulated with good withdrawal options

HF MarketsShort overview of the broker: HF Markets is a reliable Forex broker that until recently was known to the community as HotForex - the company conducted a rebranding in early 2022. It is a constituent element of an international business entity of the same name that is incorporated in St. Vincent & the Grenadines with offices in South Africa, Seychelles, and Cyprus.

HF Markets is a multi-regulated broker that is monitored by as many as seven reputable financial authorities, including CySEC, FCA of the UK, and DFSA of Dubai. Thanks to impeccable services, HF Market now boasts over 60 industry awards and a customer base of 3.5 million live accounts. It is accessible to all categories of Forex traders with the minimum deposit for Premium accounts being as low as $100. The broker ensures tight spreads from 0.1 pips and flexible leverage of up to 1:1000. 

Available withdrawal methods: We can’t say that HF Markets has a superabundance of withdrawal gateways, but the most popular are at your disposal. Wire transfers and withdrawals to credit/debit cards may take between 2 and 10 business days, so since you are looking for instant or same-day withdrawals, e-wallets or crypto is a preferable option. Those include Skrill, Neteller, FasaPay, PayRedeem, Perfect Money, WebMoney, and BitPay. HF Market has minimum withdrawal thresholds, with the highest being $100 for wire transfers and PayRedeem. Crypto and Perfect Money have a $10 withdrawal floor, whereas other methods allow extracting even $5 from your trading account.  

Withdrawal fees: BitPay is the only withdrawal portal that sees HF Markets charging a small (1%) fee. Other withdrawals are done free of charge. In the case of a wire transfer, a correspondent or a receiving bank may impose a fee.   

Important note: HF Markets has the condition for credit/debit card withdrawals that it doesn’t process withdrawals if the requested amount is larger than the sum of the initial deposit. In this instance, the difference is going to be sent via wire transfer.


FXCC - simple but very good

FXCCShort overview of the broker: FXCC, which stands for FX Central Clearing, is inarguably one of the best ENC/STP brokers in the Forex industry. Mind you that it isn’t the kind of FX broker that overwhelms a newbie with its features and account types. Here, everything is simple and straightforward: one account type (ECN XL) combined with an MT4 trading terminal, a good selection of markets, and a decent education & research section.

FXCC holds two licenses, from the financial authorities of St. Vincent & the Grenadines and Cyprus. The former allows the provision of services to non-EU residents while the latter covers those living in the EEA countries.  

Available withdrawal methods: Apart from a standard set of withdrawal methods that includes bank wire, credit/debit card transfers, Skrill, and Neteller, FXCC conducts transfers via lesser-known services such as Sofort, Neosurf, CASHU, Netbanx Asia, and Rapid Transfer.

Withdrawal fees: Similar to most brokers on our list, FXCC doesn’t charge withdrawal fees except when a customer tries to make a withdrawal after the inactivity period for which the broker charges $5 a month. Third-party fees may apply. 

Important note: In compliance with the AML requirements, FXCC allows the withdrawal of profits only via bank wire. Sums that equal the initial deposit can be withdrawn using all available methods. 


RoboForex - fast but a bit costly withdrawals

LibertexShort overview of the broker: RoboForex is a broker with many accolades that it received in nearly 13 years of being in the business. It permits access to a broad range of markets including Forex, stocks, crypto, precious metals, and energy commodities. The provider is regulated by the FSC of Belize and participates in the Financial Commission and the Compensation Fund.  

Contrary to the previous broker, RoboForex has an array of trading platforms and accounts with various conditions to suit the needs of all foreign currency speculators: Prime, ECN, Pro, Pro Cent, and R Stocks. We’d also like to mention RoboForex’s generous affiliate program with up to 84% partner commission as well as the 20% partnership program.  

Available withdrawal methods: Unluckily for crypto people, RoboForex doesn’t offer withdrawals to crypto wallets, although you can trade crypto with this broker. Apart from that, all the usual withdrawal methods (bank wire, e-wallets, bank cards) are present. RoboForex features a whole host of Asian banks, particularly Vietnamese, which explains where its focus lies. Interesting options with regard to e-wallets include AstroPay and AdvCash.  

Withdrawal fees: Local bank transfers may cost you up to 4%. Withdrawals to SEPA accounts entail a 1.5% commission, an average fee for bank wires with RoboForex. E-wallet fees range from 0.5% (AstroPay, Perfect Money) to 1.9% (Neteller). Card withdrawals are quite costly: 2.6% plus $1.3.    

Important note: RoboForex has a special “Free Funds Withdrawal” program activated twice a month on specific dates. On those days, customers may withdraw funds free of charge through any of the mentioned gateways.


FxPro - an all-around great Forex broker (no crypto withdrawals, though)

FxProShort overview of the broker: The name FxPro is synonymous with a safe Forex broker as this financial services provider is regulated strictly by top-tier authorities: CySEC, FCA, FSCA, and SCB. Located in the heart of London, FxPro opens doors to seven major markets and ensures amazingly fast trade execution and deep liquidity. Note that FxPro is not an ECN or an STP broker - it employs a proprietary execution engine instead. Here you will find a host of trading platforms (MT4 & 5, cTrader), three account types with spreads from 0.1 to 0.1 pips, and leverage of up to 1:500. 

Available withdrawal methods: Traders can withdraw funds from FxPro Wallet which is a funds vault separated from a trading account. All generally preferred withdrawal methods are available, except for crypto. E-wallet options include UnionPay.   

Withdrawal fees: FxPro doesn’t charge withdrawal fees while executing most requests within a day. The broker requests that the deposits made via bank cards, PayPal and Skrill are fully refunded before a withdrawal takes place.


Vantage - no fees and big upper limits 

VantageShort review of the broker: Vantage is a top Forex broker that has been on our radar for more than a decade, providing excellent services and keeping its operations fully transparent and free of controversy. This broker facilitates access to over 1,000 CFD instruments across numerous markets, including bonds and soft commodities. The highly acclaimed Forex broker is regulated by the Australian Securities and Investment Commission (ASIC), along with authorities of Vanuatu and the Cayman Islands. Vantage has a lot of trading accounts and platforms to choose from and spreads that don’t exceed 1.6 pips. The minimum deposit is $50, allowing you to trade with a leverage of up to 1:500.  

Available withdrawal methods: Bank wire, card transfers, e-wallets, and crypto - all are available with Vantage. Transaction limits dictate that you can’t withdraw more than $14,000 via bank transfer. However, e-wallets like Neteller and Sticpay allow large withdrawals: $500,000 and $300,000, respectively, one of the highest upper limits across the industry.   

Withdrawal fees: Vantage doesn’t impose withdrawal fees, but do keep in mind the intermediary transfer fees. 

Important note: Residents of Canada can’t withdraw funds to credit cards because of the NAB restrictions. 


AMarkets - for those who want to withdraw profits in crypto

VantageShort overview of the broker: AMarkets is a long-established Forex broker that is concentrated on providing services to traders from regions like Eurasia, Africa, and Southeast Asia. It holds the license from the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and adheres to the rules of the Financial Commission.  We have been monitoring this broker since its emergence in the industry in 2007, and AMarkets has given no reason to doubt its trustworthiness. Traders have MT4 & 5 at their disposal where they can trade various markets with a leverage of up to 1:3000, and with spreads as low as 0.3 pips.

Available withdrawal methods: Those who don’t like withdrawing funds using bank wires will surely like AMarkets as it offers a breadth of crypto and e-wallet options. In fact, bank transfers aren’t made available, along with withdrawals to Visa cards - only Mastercard and Uzcard. As for crypto, you can withdraw using USDT, BTC, LTC, and ETH; the list of e-wallets includes AdvCash, FasaPay, and TopChange apart from the standard options like Skrill and Neteller. All withdrawals are finalized within 24 hours.  

Withdrawal fees: Mastercard withdrawals are quite expensive (2.5%). The best-preferred crypto method is USDT (TRC-20) with a 0.5% fee, plus $1. Withdrawals via Neteller cost 2% of the amount; the only no-fee option here is TopChange. 


ActivTrades – not many options, but withdrawals are always fast

VantageShort overview of the broker: ActivTrades is the second oldest broker on our list as it was established back in 2001 when the Forex industry was entering the digital age. Over the years, ActivTrades has evolved from an aspiring business entity into a globally recognized broker with over 45 industry awards. Here you can trade seven different asset classes using a wide range of instruments, particularly CFDs. The great thing about ActivTrades is that this FX broker has a strong policy on the protection of client funds. It provides enhanced insurance up to $1 million and ring-fences clients’ funds from that of the company through segregated accounts in top UK banks. ActivTrades is a multi-regulated broker (FCA, CSSF, SCB) that is regularly audited by PricewaterhouseCoopers (PwC).

Withdrawal options: ActivTrades doesn’t offer a lot of withdrawal options, but the broker assures that all requests are finalized on the same day. These options include bank transfer, credit/debit cards, and three e-wallets: Neteller, Skrill, and AstroPay.

Withdrawal fees: With the exception of bank transfers, all withdrawals are free of charge. For bank transfers, you have to pay a flat fee of £9.


Libertex – the best broker for e-wallet withdrawals

LibertexShort overview of the broker: Libertex is a real old-timer of a broker that has its history dating back to 1997, the days of dial-up Internet. In the decades that passed, Libertex built itself a reputation as a stellar CFDs broker with more than 40 awards. Over 3 million customers log into their Libertex accounts to trade 250+ assets, foreign currencies included, using Metatrader 4 & 5.

Libertex offers two account types: Portfolio and CFD, the former intended for long-term investors, and the latter – for active traders. The CFD account allows for trading with a leverage of up to 1:999, depending on the asset. The broker doesn’t take a commission for trades and doesn’t charge an inactivity fee.

Withdrawal options: Despite the fact that Libertex provides means for doing crypto mining, it doesn’t have crypto wallets among withdrawal options. Those available are bank wire, debit/credit card (Visa only), and electronic wallets (Skrill, Neteller, PayPal). Withdrawals to e-wallets are instant; others may take up to 5 business days. 

Withdrawal fees: Operations through Skrill and PayPal take place on a no-commission basis; withdrawals to Neteller are subject to a 1% fee. Card withdrawals cost 1 EUR for a maximum of 10,000 EUR. For bank transfers, you’d have to pay a 0.5% commission but no more than 10 EUR.  


Bottom line

As you can see, finding the Forex broker that ensures fast withdrawals isn't at all. With the development of modern financial technologies, transferring your money from the trading account to your account could, and should, take less time than making a cup of coffee. That is unless you are doing a wire transfer which still takes some time. Nowadays, the provision of channels for instant or same-day withdrawals is a must for any trusted Forex broker. The fees, of course, remain the only division point in that matter. But even on our list, there are at least three top Forex brokers that provide no-commission withdrawal options, mostly to electronic wallets. 


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