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Neither MEXEM or its agent bank charges for electronic deposits of any currency other than MXN. If you are being charged it is likely because your bank is using the services of a correspondent bank to effect cross-border transfers.
Read MoreMEXEM offers US ACH transfers initiated at MEXEM. It allows automatic funds deposit from a US bank to MEXEM using the bank's ABA number and account number. Verification of each instruction is required. MEXEM doesn't support ACH transfers initiated at your bank. More info on our website's Funding Reference page.
Read MoreThe Insured Bank Deposit Sweep Program allocates your cash across multiple FDIC-insured banks for full protection. A $750,000 deposit is split: $250,000 held at MEXEM, $500,000 spread across three banks. This system allows coverage up to $2,750,000 ($5,250,000 joint accounts). More details on MEXEM's website.
Read MoreLog into Client Portal to submit a withdrawal request. Go to Transfer & Pay, Transfer Funds, then Withdraw Funds. Select Currency, Method, and Amount. To wire funds to another broker, select Financial Institution and enter account details. Correspondent bank details needed for foreign currency withdrawal.
Read MoreIn general, it is possible to withdraw funds to any bank or brokerage account in the same name as the MEXEM account holder...
Read MoreClients can deposit from joint bank accounts using methods in the "Transfer & Pay, Transfer Funds" menu in Client Portal/Account Management. Specific payment instructions will appear during the process. Confirm any restrictions with your bank.
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All investments involve risks, including the possible loss of capital.
www.support.mexem.com is a website owned and operated by MEXEM Ltd. MEXEM Ltd is a European broker regulated by CySEC, license No. 325/17.
Read our Forms & Disclosures.
Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.
