Free deposits and withdrawals
We like to keep things simple. That’s why we won’t charge you for depositing or withdrawing funds from your VEXI account*.
*You may be subject to charges from your bank.
Deposits and withdrawals
Depending on your method of deposit, you may be charged a fee by the sending bank for depositing and withdrawing funds into your VEXI Corporation trading account.
Bank wire transfer
We don’t charge a fee for accepting wire transfer deposits. But your bank may charge a service fee for depositing funds into your account. Intermediary banks may also deduct fees, resulting in a smaller incoming amount.
Debit card and ACH
We don’t charge a fee for accepting deposits via debit card and ACH bank transfers. But your bank may charge a service fee when you deposit funds by debit card or ACH.
Our financing fees
We apply a holding/duration charge or credit for positions kept open over time. These are calculated in relation to positions maintained continuously.
Inactivity fees
An inactivity fee is a monthly charge of 20 USD that is levied on your account if there has been no trading activity for a period of 12 months. Please note, inactivity fees will not be charged when there is an open position.
When inactivity fees are due, they are levied first on your sub-account with the smallest balance and continue to be debited from sub-accounts until a maximum of 20 USD per client has been debited each month. The amount claimed is converted to each sub-account’s home currency.
Inactivity fees will be applied to inactive accounts on the third last weekday of each month.
Levying of inactivity fees will not result in a negative balance on any of your accounts.
다음 조건 중 하나가 충족될 때까지 계정에 요금이 청구됩니다.
If you have resumed trading after inactivity fees have been levied, you can request a rebate of up to three months’ worth of the inactivity fees based on how many months you have been charged. If you would like to deposit funds into your account and continue to trade, please refer to our 'How to fund your account' FAQ.
Currency conversion fees
On your forex accounts, when you trade an instrument in a currency that is different from your account currency, the realised profit or loss and any associated adjustments will be converted to the currency of your account at our prevailing currency exchange rate. This conversion rate is calculated by applying a 1.0% mark-up or mark-down (depending on whether a debit or credit is to be applied to your account) to the mid price (buy + sell price divided in half) at the time of conversion. Please note, this fee applies only on v20 (Forex) accounts, it does not apply on MT5 spot crypto accounts.
See an example of how currency conversion is calculated in our FAQs section below.
자주 묻는 질문과 답변
To initiate your first deposit into your VEXI trading account, simply log in to ‘manage funds’ using your VEXI account details. You can deposit funds using a debit card, bank wire transfer and automated clearing house (ACH).
당사의 세이프 하버 funding and withdrawals page for more information.
You can withdraw funds from your VEXI account via debit card and bank wire transfer. Funds can be withdrawn by logging in to ‘manage funds’ using your VEXI Trade account details. Remember: withdrawals are subject to our hierarchy rule. If you have deposited funds using multiple methods, you must exhaust the total deposit amounts first by debit card, and then followed by bank wire transfer. Find out more about how you can withdraw funds from your account.
포렉스에 대한 당사의 자금 조달 요율은 기본 유동성 공급자의 톰 넥스트 스왑 요율과 관리 수수료의 혼합으로 구성됩니다.
Trading products denominated in a currency that is different from your Account's Home currency will incur home currency conversion fees that reflect the cost of actual cash settlements.
We charge a fee equal to 1.0% of the relevant mid-market exchange rate at the time of conversion.
Home currency conversion fees are applicable when a trade/transaction is in an Instrument with a Quote currency other than your Account’s Home currency. Home currency conversion fees are applied to any realised profits and losses, adjustments, fees and charges that are denominated in a currency that differs from your Account’s Home currency.
You can see the currency conversion rates that have been applied to your cash balance postings to your Account in your Transaction History report under the CONVERSION RATE column.
The following Formula and Example show how amounts are converted for settlement (aka cash posting) in your Account’s Home currency:
Formula
Mid Conversion price = (Top of Book Bid price + Top of Book Ask price) / 2
Bid Conversion Rate = Mid Conversion price * (1 - x%)
Ask Conversion Rate = Mid Conversion price * (1 + x%)
where x% = Currency Conversion Fee (e.g., 1.0%)
Examples
Example 1
Let’s assume you have an Account denominated in USD as the Home currency. You open a long position of 10,000 EUR/GBP at 0.88500 and close it at 0.89500. You generate a profit of 100 GBP.
Let’s assume the Top of Book GBP/USD prices are:
| Bid | Ask |
|---|---|
| 1.29530 | 1.29550 |
To convert the 100 GBP of profit to USD, we need to use a GBP/USD exchange rate that includes the currency conversion fee applied for the settlement of actual cash amounts.
Mid Conversion price = (1.29530 + 1.29550) / 2 = 1.29540
Bid Conversion Rate = 1.29540 * (1 - 0.01) = 1.282446
Ask Conversion Rate = 1.29540 * (1 + 0.01) = 1.308354
In this case, the profit is a positive GBP amount that must be ‘sold’ to convert to a USD settled cash amount, so a Bid Conversion Rate is used (a loss would be a negative GBP amount that must be ‘bought’ to convert to a USD settled cash amount, so an Ask Conversion Rate would be used):
Profit in USD credited to your Account = 100 GBP * 1.282446= 128.24 USD
Note: If you had instead opened a short position of 10,000 EUR/GBP at 0.88500 and closed it at 0.89500, you would have generated a loss of 100 GBP. In which case, the loss in USD debited from your Account would have been 130.84 USD (= 100 GBP * 1.308354).
Example 2
Let’s assume you have an Account denominated in GBP as the Home currency. You open a long position of 10,000 EUR/USD at 1.08500 and close it at 1.09500. You generate a profit of 100 USD.
Let’s assume the Top of Book GBP/USD prices are:
| Bid | Ask |
|---|---|
| 1.29530 | 1.29550 |
Mid Conversion price = (1.29530 + 1.29550) / 2 = 1.29540
But, here we need an extra step compared to Example 1 because we need the number of USD units per 1 unit of GBP, not the number of USD units per 1 unit of GBP. So we need to invert the mid price from market quoting convention terms.
Mid Conversion price = 1 / 1.29540 = 0.771962328238382
Bid Conversion Rate = 0.771962328238382 * ( 1 - 0.01) = 0.764242704955998
Ask Conversion Rate = 0.771962328238382 * (1 + 0.01) = 0.779681951520766
In this case, the profit is a positive USD amount that must be ‘sold’ to convert to a GBP settled cash amount, so a Bid Conversion Rate is used (a loss would be a negative USD amount that must be ‘bought’ to convert to a GBP settled cash amount, so an Ask Conversion Rate would be used):
Profit in GBP credited to your Account = 100 USD * 0.764242704955998 = 76.42 GBP
Note: If you had instead opened a short position of 10,000 EUR/USD at 1.08500 and closed it at 1.09500, you would have generated a loss of 100 USD. In which case, the loss in GBP debited from your Account would have been 77.97 GBP (= 100 USD * 0.779681951520766).
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With over 25 years of experience, VEXI offers leading tools, powerful platforms and transparent pricing.
What are financing fees?
Financing fees can affect your cost of trading, so it's important to understand how financing works.
Standard and Elite Trader accounts
Our two accounts offer two pricing options and 24-hour support.
Depositing and withdrawing funds
It is simple and straightforward to deposit and withdraw funds to and from your account.