Making a wire transfer is perhaps the most common method to fund a trading account, and nearly all forex brokers accept this payment method. A traditional wire transfer is basically just an electronic transfer of money between banks, and it is also sometimes referred to as “bank wire.”
Depending on the country, and which countries the transfer is made between, a wire transfer typically takes between 1 and 5 days. Most banks today allow their customers to complete even international wire transfers online, with no need to visit the bank in person. Since a wire transfer is a payment method that almost all traders have access to, forex brokers worldwide have embraced this as their preferred method for funding trading accounts.