Open Account FAQ

For multiple deposits from different sources, it depends on the deposit amount as there are investors who abuse the system where they treat MoneyForex as digital currency exchanger. Traders are not allow to deposit using one source and withdrawal using different sources other than bank wire transfer. Our system is very efficient where we can track all incoming deposits. For example, if a trader deposits $5000 via e-bullion and $1000 via credit card, he/she can only withdraw $5000 plus the profit via e-bullion and $1000 plus the profit via credit card or bank wire for both. Bank wire is the default method for withdrawing. MoneyForex reserved the right to fund withdrawal via Bank wire other than using money processors. For bank wire transfer, MoneyForex do not charge any fee. The Bank will charge a minimum wire transfer fee of $40 and up depending on the destination and wire amount.


Does this mean I can withdraw fund via wire transfer if my deposit is via money processors such as credit card, e-bullion?

Yes except for Credit Card depositors. Account holders who deposit via Credit Card can withdraw fund by only funding it back to the Credit Card account unless the deposit is made for more than 180 days. The reason for 180 days is because of the security rules with Credit Card company. Any deposit that is less than 180 days has to withdraw via funding back to credit card unless management approval. The 180 days period does not apply to e-bullion depositors.


Is MoneyForex Trading system adhering to Islamic Shariah Law?

Yes. MoneyForex offers Islamic Forex and CFDs trading account upon request. The account will be set up as interest free and Forex & CFDs trading account. Please notify us during submitting of your application so that we will place your account under the Islamic Shariah Law account. Please click here for Islamic Forex Trading complete information.

For standard cost of carry or premium charges, please click here.

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