I will explain how to deposit into GEMFOREX account.
If you haven’t opened a GEMFOREX account yet, please open an account by referring to my article.
＼Just 3 minutes!!／
GEMFOERX Deposit Methods
The following deposit methods are available on GEMFOREX.
Available deposit methods vary depending on your country of residence.
The explanations from here on are based on the ones available in Thailand where I live.
Actually it seems GEMFOREX offers a lot of deposit method, but in my case, when I logged in, some methods is saying that it’s under maintenance.
Please visit the official website to know which deposit methods are available in your country.
| Method | Fees | Processing Time |
|---|---|---|
| Credit/Debit Card | No Fees | Instantly |
| bitcoin | No Fees | 1 – 10 min |
| Ethereum | No Fees | 1 – 10 min |
| Perfect Money | No Fees | Instantly |
| PAYEER | No Fees | Instantly |
| STICKPAY | No Fees | Instantly |
Restrictions on withdrawal by deposit method
There are the following restrictions.
From a money laundering perspective, this is almost same for any forex broker.
- If you deposit with a credit card, you can withdraw up to the deposit amount.
- For credit cards, there may be further restrictions depending on the card company.
If you deposit with a credit card, the maximum withdrawal amount is the deposit amount.
In other words, if you make a profit, you can only withdraw the profit by bank transfer.
Although it is a restriction by the credit card company, for example, you may not be able to withdraw money after a certain period of time (several months).
This is because in the case of credit card withdrawal, it will be refunded (withdrawn) by canceling the deposit.
For the same reason, credit card withdrawals may take long time.
How to Deposit into GEMFOREX Account
From here, I will explain the specific deposit method using my account.
Only the main ones will be explained.
PerfectMoney, PAYEER and STICKPAY have almost the same flow.
As mentioned above, the available deposit methods vary depending on the country or region where you live, but here I will explain the following major deposit methods.
- Credit/Debit Card
- Bitcoin
- STICKPAY
Log in to GEMFOREX User MyPage
First, log in from GEMFOREX top page and show MyPage.
Click “Deposit”
Deposit by Credit/Debit Card
Here, I will explain using a VISA card.
The same flow applies to other cards such as Mastercard and JCB.
Select “Credit Card Payments”
Notes for Credit Card Deposit
There are restrictions on the number of credit card deposits and the maximum amount.
Please check it.
Enter Credit Card Information
Enter your contact information, deposit amount, and credit card information to use for deposit.
If you click “Confirm Payment, the payment will be processed after the card information is collated.
Deposit by Bitcoin
Click “Bitcoin Settlement”
Generate Bitcoin Address
Only the first time, request the generation of a Bitcoin address linked to each your GEMFOREX account.
It will take five minute to finish generating address.
Confirm Deposit Address and Deposit
If the address has already been generated, the following screen will be displayed.
The Bitcoin destination address and QR code linked with each account will be displayed.
The address will be different for each account, so be careful not to make a mistake in the deposit account.
Please use this address or QR code to send money from your bitcoin wallet.
Deposit by STICKPAY
Select “STICKPAY Settlement”
Enter the Deposit Amount
STICKPAY Login
Log in to your STICKPAY account and process the remittance.
Summary
I explained how to deposit GEMFOREX.
A general notes with forex brokers is that deposit methods are changed sometimes.
Also, as mentioned above, the available deposit methods differ depending on the country or region where you live, so please check the official website to confirm it.
＼Just 3 minutes!!／
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