After having byfx account registration, you need to fund your account in order to start trading. Publish BYFX Floor Deposit Instructions The following will help you to handle it easier and faster.
Before proceeding to fund your account, you need to verify the account. This is an extremely important step in ensuring the security of your trading account. Providing name and account number information also helps make deposits and withdrawals accurate and compliant with anti-money laundering and fraud laws.
Here are the steps to follow to fund your account.
Step 1: Verify your bank account information
Once you have a trading account on BYFX, you log in and verify your bank account before making a deposit/withdrawal. On your account overview screen, select “Upload bank information”.
Then click the “Add” button to add your banking information.
Next, you need to fill in your bank card information in the form.
Upload a verification document, such as a bank statement, passbook or ATM card.
Observation:
- The documents must contain information about the name of the bank account holder and the bank account number. Submitted document types must be .jpeg, .jpg, .png, .pdf.
- Banking information must be issued by a valid financial institution.
- The account displayed in the bank information will be the account you will use to deposit and withdraw money in the future.
- The account will not be displayed on the deposit and withdrawal page for transactions and you will not be able to transfer if your bank information is incomplete.
- The maximum size of each uploaded document file is 5 MB.
- If you have any questions or encounter issues during the account verification process, please contact the BYFX team for timely advice and support.
Step 2: Instructions for depositing BYFX
BYFX is in the ranking of reputable Forex brokers, so it supports many payment methods. At BYFX, you can top up through various channels such as domestic bank transfer, bank transfer, credit card and e-wallets.
In particular, the top-up method by domestic bank transfer, e-wallet or credit card will be faster and simpler than bank transfer.
The following are specific deposit methods that you can refer to.
Instructions for depositing BYFX with domestic bank transfer
To be able to deposit using this method, you must ensure that the bank account registered with the exchange is verified. Also, you must enable the online payment feature on your bank account in order to transfer money.
You click on the deposit item, the information form will pop up and you just need to fill in the information as per the instructions.
In the currency field, select VND and select the bank to open the account, which is the bank where you registered your BYFX account information.
Log into your online bank account to start making a deposit.
After depositing, enter the confirmation code that the system sends you by text message. The transaction status will be updated when the exchange system receives the money.
After making a deposit using Internet Banking, take a screenshot of the successful transaction or receipt.
You return to the customer portal, select “Account Information” and click “Attachment” to upload a screenshot of the successful transaction or receipt and press the “Submit” button.
You have completed the steps to deposit money at BYFX by domestic bank transfer.
Top up your account with a credit card (Visa/MasterCard/American Express)
This deposit form is quite simple and doesn't take much time from the customer. As with Domestic Bank Transfer, you need to register your bank account information and verify it before you start depositing.
After logging into the exchange, you select “Deposit by credit card” and fill in the necessary information and you are done.
Top up via E-Wallet
This is considered to be the fastest and simplest deposit method as the money will be transferred directly from the e-wallet to the Exchange wallet when you make a deposit and the withdrawal process will also be very fast, not taking too long and with complicated procedures. To deposit with this method, you need to have one of the e-wallets such as Ngan Luong, Paypal, Skrill, Neteller.
See how to deposit through specific wallets.
recharge via bank
You can transfer funds from your Ngan Luong account to your BYFX Ngan Luong account. This amount will be credited to the BYFX trading account after the exchange completes the approval process. Deposit requests will be processed within one business day of the transfer.
The minimum deposit required is 100 USD. The minimum deposit amount per transaction is 2,000 VND and the maximum amount per transaction is 100,000,000 VND.
The specific steps for depositing money by bank account are as follows:
Log into your Ngan Luong account and complete the deposit from your Ngan Luong account to your Ngan Luong account at BYFX. Go to the deposit section and fill in the required information in the form.
You need to attach a snapshot of the successful transfer.
Please note that order processing time may extend to the next business day if orders are shipped after the requested time. BYFX may refuse to credit funds to a trading account if the funds are being transferred by a third party and the cost of such transfers shall be borne solely by you.
Deposit via Skrill
For Skrill deposits, the minimum deposit required is 100 USD with a deposit fee of 1,45%. Depending on your account verification, the maximum deposit per transaction varies between USD 135 and USD 25,000 per month.
To fund your account with Skrill, fill in the withdrawal instructions form and click the “Submit” button. You then log into your Skrill account and complete the deposit procedure. You can also view the status of your trades by logging into your Skrill account or on the BYFX website. If the status is “pending approval”, your request has been submitted. If the status is “Approved”, you can login to your trading platform to confirm the deposited amount.
Top up by Paypal
Transferring money from your Paypal account to your BYFX Paypal account. With this method, the minimum deposit amount required will be 11 USD.
To make a deposit via Paypal, log into your Paypal account and complete the money transfer procedure. Then send the payment to the address [email protected]. Then enter the deposit amount and click “Continue and that’s it”. Similar to how to deposit using the above methods, you need to take a screenshot of the successful transfer after transferring money from your Paypal account to BYFX Paypal account.
Then log into your BYFX account and choose to deposit via Paypal e-wallet.
Fill in the required information on the deposit form and upload the deposit verification document.
See also: The easiest way to withdraw exness money
Conclusion
Above are the instructions for depositing BYFX. After depositing funds to your account, you can now start your trades, test strategies and execute trades.
You can see more articles on deposit instructions for other scholarships here: