The amount of funds you receive in your account is different from the amount you have deposited might be because of additional fees or charges imposed by your payment provider/bank or conversion loss from one currency to another currency.
If your trading account and deposit are denominated in a different currency, the funds or deposits will be converted as per our Gemforex exchange rate or the exchange rates of our payment provider.
Any deposit made on the weekends/ public holidays will be processed based on each payment method’s standard processing times.
Unfortunately, we do not accept any deposits from any third parties. Please take note that the sender’s name needs to match the registered name on the account in Gemforex.
No, all internal transfers are free of charge.
If the two accounts have different currency, the funds will be converted according to Gemforex conversion rates on the day the funds are transferred to another account.
Yes, you can! Please contact our customer support team to adjust/ zero out the negative balance on your account.
Gemforex performs the diligence practice of anti-money laundering, we do not offer the option to move any funds to another broker at the moment. All the funds will be sent back to the source of deposit via the same deposit method.
The method of withdrawals must be the payment method used to deposit.
Your initial deposit must be sent back to the source of deposit.
We take the safety of our client funds very seriously. All client monies are kept separately from corporate funds and managed in compliance with client money legislation.
Every financial services regulator has their own distinct set of laws, regulations, and client money protections that they put into effect. This ensures that client funds cannot be used for any other purpose.
Please have in mind that the limits are set by our payment providers. Each payment method offers different limits.
Please feel free to find the minimum and maximum limits for each payment method on the Account Funding & Withdrawals page.
GemForex offers various payment methods for the convenience of our clients in each country, including credit and debit cards, local bank transfer and local payment solutions. *Cash deposits are not acceptable.
Some methods are only available to residents of certain countries.
Please see Account Funding & Withdrawals page for more information.
Login to your Client Area, select Withdraw funds from the right menu.
All withdrawals are processed within two working days. If you wish to withdraw from an account, where you have open position(s), please note that 20% of your free margin needs to stay in the account in order to keep the position(s) open.
Withdrawal fees
We do not charge any withdrawal fees, but please be aware that you might be charged by your own bank or payment service provider.
Third-party withdrawals
We follow strict Anti-money Laundering Regulations. Thus, we are not able to withdraw/send funds to third parties. The same applies to deposits, we can only receive money from the account holder.
Funding your account is easy, all you have to do is login to your Client Area and select Deposit Funds from the side menu.
Funding fees
We do not charge any fees for deposits.
However, there may be charges that we cannot control, such as fees by your bank, or the payment service provider (i.e. Visa, MasterCard, etc.).
Third-party funding
We follow strict Anti-money Laundering Regulations. Thus, we are not able to receive payments from third parties. The same applies to withdrawals, we can only send money back to the depositing person/account.
