We will thoroughly explain overseas FX iForex withdrawal methods, fees, and reflection days. Although it takes a little more time than other overseas FX brokers, the withdrawal process is smooth. We will also introduce rules and precautions that you should check before making a withdrawal, so please refer to them.
There are 3 types of iFOREX withdrawal methods
There are three ways to withdraw money from iFOREX. The minimum withdrawal amount is $100 (10,000 yen) for each, but the time it takes to reflect the funds and the fees vary. Bank transfers incur a fee of 2,000 yen. There is no upper limit on the amount. We will explain the broker’s withdrawal method using images. The time it takes for funds to arrive is normal compared to other companies. Customers should check the following details. Bank transfers and bitwallet are available, and fees are low, so we recommend them. It depends on where you are, but the number of days is not too long and it doesn’t take that long.
| Reflection time | commission | Minimum withdrawal amount | |
| bank transfer | 3-10 business days | 2,000 yen | $100 |
| credit/debit card | 1 business day to 1 month | free | $100 |
| bitwallet | 3-5 business days | free | $100 |
To make a withdrawal, first log in to the iFOREX member page. Once you have logged in to the member page, click on “Withdrawal” from the “three lines” on the home page and proceed to the withdrawal page. You will receive the money after you have made the necessary steps. Please note that there are cases where domestic card companies will reject your withdrawal. If you have any problems, please check the terms of use.
Source : https://www.iforex.jpn.com/
A list of different withdrawal methods will be displayed, allowing users to specify and select their preferred method. From here, I will explain each method individually.
Source : https://www.iforex.jpn.com/
For each remittance, you will need to sign and send a withdrawal request form from the administration. You can upload the withdrawal request form by fax to +81-3-6385-7610, by email to cs-jp@iforex.com, or even to My Page. You can do this by going to My Page’s Account tab → “Upload Documents”. It may be troublesome for first-time users, but the same contact will be used for withdrawals.
bank transfer
If you apply for a withdrawal via bank transfer, it will be reflected in about 3 to 10 business days. If the withdrawal amount is less than 100,000 yen, a 2,000 yen fee will be charged. A SWIFT code is required, so depending on where you live, you may not be able to do so, which could be a risk. Once the withdrawal procedure is complete, you will receive an email from iFOREX with a withdrawal request form attached. Once printed and signed, scan and send the document.
| Bank name | Enter bank name |
| account number | Enter account number |
| Branch code | Enter branch code |
| SWIFT | Enter SWIFT code |
| Transferee name | Enter the name of the recipient |
| Country | enter country |
| bank address | Enter bank address |
Credit/debit card withdrawal
Withdrawals made by credit card or debit card will be issued in the form of a refund due to cancellation of the deposit. This means that you can only withdraw up to the amount you deposited. However, there are no withdrawal fees, so this is the best withdrawal method if you want to keep costs down. Once the withdrawal procedure is complete, you will receive an email from iFOREX with a withdrawal request form attached. Print and sign the withdrawal request form, then scan and send the document. Please fill in the form below in Roman letters.
| Bank name | Enter “Credit Card/Debit Card” |
| Transferee name | Enter card holder name |
| Country | enter country |
bitwallet withdrawal
Bitwallet withdrawals are attractive because they are reflected in 3 to 5 business days. There is no upper limit on the withdrawal amount. When the withdrawal menu appears, enter the withdrawal amount and click “Continue”. A screen for entering bank information will be displayed as the withdrawal destination, but please enter your bitwallet account information. Once the withdrawal procedure is complete, you will receive an email from iFOREX with a withdrawal request form attached. Please print out the withdrawal request form, sign in the appropriate areas, and send.
| Bank name | Enter “bitwallet” |
| account number | Enter your bitwallet account email address |
Is there a withdrawal refusal from the FX company?
Is there a possibility that a withdrawal will be rejected from an FX company? Yes. There are withdrawal rules for the following items, and if these are not met, the withdrawal will be rejected, so be careful. There are bank transfers and bitwallet, and the fees are low, so I recommend them. It depends on where you are, but the number of days is not too long and it doesn’t take that long.
Confirmation documents must be submitted
When making your first withdrawal from iFOREX, you must submit documents to activate your registered account. You will need two pieces of identification: a photo ID (driver’s license, passport, My Number card) and an address confirmation document (electricity, gas, water bill, bank statement, mobile phone bill). After completing these steps, you can withdraw money.
You can withdraw money to your credit card up to the amount you deposited.
The amount that can be withdrawn using a credit/debit card is limited to the amount deposited. Once you make a profit, you can only withdraw it by other means than by card.
Can’t withdraw money to some banks
Withdrawals cannot be made to some banks. Because a SWIFT code is required. Banks that do not support international remittances cannot be used for iFOREX withdrawals.
A handwritten signature is required on the withdrawal request form.
When withdrawing money from iFOREX, a withdrawal request form must be issued and signed by hand. You need to issue a withdrawal request form, scan it with a printer, convert it to PDF, and submit it.
Causes and solutions for not being able to withdraw money
If you make a withdrawal request on iFOREX and it is not reflected, there may be one of the following problems. If you are unsure, the operator will provide support by phone, etc. Be sure to check the data in advance. A reliable company will usually respond quickly to charges and withdrawals. If you follow the specific procedures accurately from both sides on the official website, you will be able to receive even large amounts in a certain period of time, so that’s the key point.
The name of the withdrawal destination is different from iFOREX
The holder or recipient must be the person in question. No third party representation is allowed. If the name of the bank or card you specify for withdrawal is different from iFOREX, you will not be able to withdraw money.
Banks that do not support
iForex requires bank accounts to support SWIFT codes. Withdrawals cannot be made to any other bank. In Japan, Shinsei Bank, Sony Bank, Seven Bank, Japan Post Bank, etc. do not support this service.
It takes time to reflect
In fact, withdrawals cannot be made instantly. It takes at least a few days. It is also available from banks such as Rakuten Bank, and the number of days may be slow in some cases. If you wait a few days, it should be reflected without being rejected.
violation
If you violate the rules, your account may be frozen. In this case, your only option is to negotiate with the support center. iForex prohibits scalping and automatic trading (EA), so restrictions are quite strict. It is also impossible to hold multiple accounts or fraudulent transactions aimed at rate errors. There are more restrictions than other companies (tradeview, threetrader, bigboss).
Bonus withdrawal
Bonus cannot be withdrawn. Bonuses can only be used as credits and margin. Also, once the bonus is withdrawn, it will disappear according to the percentage.
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