PIX and Bank account transfer is an inter-bank payment system in Brazil that allows you to make a deposit to your FXTM account in your local currency and receive a withdrawal in the same currency into your bank account. Covered in this article:
|
|
Deposit |
Withdrawal |
|---|---|---|
|
Currency: |
BRL |
BRL |
|
Fees / Commission: |
No commission |
No commission |
|
Processing time: |
Up to 30 minutes |
1 business day |
|
Minimum amount per transaction: |
60 BRL |
55`000 BRL |
|
Maximum amount per transaction: |
60 BRL |
55`000 BRL |
A flat $3 commission will be charged for any deposit or withdrawal below $30 or equivalent. However, deposits or withdrawals equal to or exceeding $30 will not be subject to this fee. More information here: Low transaction fee: 3$ commission on transactions below 30$
Steps to Deposit
- Log in to your MyFXTM dashboard and navigate to 'My Money' > 'Deposit Funds' > enter the Deposit amount and click the orange "Deposit" button next to 'PIX and Bank account transfer'.
- Select the trading account or wallet you wish to deposit funds into and enter the amount.
- Input your CPF (Brazilian Individual Taxpayer Registry) number linked to your bank account.
-
Recheck details and click 'Submit'. You will be redirected to the provider's page.
- Select the bank and scan the QR code to complete the transaction.
- The Transaction record will appear on the Transaction History page.
PIX Bank Account Transfer Verification
After making your deposit, please upload the transaction receipt by going to Dashboard > My Documents > Verify Payment. Completing this step will help ensure that any future withdrawals are processed quickly and without delays.
Make sure your transaction receipt includes the following details:
- Your CPF number
- Your full name
Steps to Withdraw
- Log in to your MyFXTM dashboard and navigate to 'My Money' > 'Withdraw Funds' > enter the Deposit amount and click the orange "Withdraw" button next to 'PIX and Bank account transfer'.
- Select the trading account or wallet to select trading account/wallet, currency, input amount, input the CPF number.
- Click receive the PIN and confirm the transaction by entering the received PIN into the field, then click the 'Submit' button.
- Withdrawal requests will appear on the Transaction History page in your Dashboard and will settle in your bank account within the Processing time specified above.