[ PAYMENTS / CAD ]
Deposit and withdrawal methods
Payment methods that are widely used in Canada, with the type, fee and processing time for each. TradeX AI does not charge for any of them, though your bank or provider may.
Processing times begin when a payment is approved. They depend on your bank, card issuer or wallet provider, and they exclude weekends and Canadian public holidays. For the rules behind withdrawals, read the withdrawal policy.
Withdrawal methods
Where your money can go, how long it normally takes and what it costs.
| Payment method | Type | Fee | Processing time |
|---|---|---|---|
| Interac e-TransferWithdraw to the Canadian bank account you used to deposit. After approval, the transfer normally reaches your account within 24 hours, subject to your bank's own processing. | Bank transfer | Free | Within 24 hours |
| VisaWhere your issuer supports it, withdrawals are returned to the Visa card used to deposit. Final timing depends on your card issuer and bank. | Debit / credit card | Free | 1–5 business days |
| MastercardWithdrawals can often be sent back to the Mastercard used for the deposit. Processing depends on the issuing bank and card network. | Debit / credit card | Free | 1–5 business days |
| PayPalIf you deposited with PayPal, you can withdraw to the same PayPal account. Funds are normally available there within 24 hours of approval. | Digital wallet (eWallet) | Free | Within 24 hours |
| Bank wireLarger withdrawals can be sent by wire to a Canadian bank account in your own name. Your receiving bank may apply its own incoming-wire charges. | Bank transfer | Free | 1–3 business days |
Deposit methods
Ways to fund your account, all free of charge on our side.
| Payment method | Type | Fee | Processing time |
|---|---|---|---|
| Interac e-TransferSend an e-Transfer from your Canadian bank account using the payment details shown in your dashboard. Funds are credited once the transfer is received and matched to your account, which is usually the same day. | Bank transfer | Free | Within 24 hours |
| VisaDeposit with a Canadian-issued Visa debit or credit card. Your bank may ask you to confirm the payment through Visa Secure. Some issuers treat purchases through a trading platform as a cash advance, so check with your card provider first. | Debit / credit card | Free | Instant |
| MastercardDeposit with a Mastercard debit or credit card. Authentication through Mastercard Identity Check may be required. Approved deposits normally appear in your account straight away. | Debit / credit card | Free | Instant |
| Apple PayPay with a compatible iPhone or iPad. The payment is protected by Face ID, Touch ID or your device passcode, and your card number is not shared with us. | Mobile wallet | Free | Instant |
| Google PayPay from a compatible Android device. Authentication happens on your device, and the deposit is normally credited as soon as the payment is approved. | Mobile wallet | Free | Instant |
| PayPalFund your account from a PayPal balance or from a card or bank account linked to PayPal. Deposits are usually credited immediately after you confirm the payment. | Digital wallet (eWallet) | Free | Instant |
Good to know
A few practical points that save time.
Use accounts in your own name
Payments to and from third parties are not accepted, because we have to match each payment to a verified client.
Minimum starting capital is $250
Plan limits and what each plan offers are on the fees page.
Currency conversion
If your payment is not in the account currency, a conversion charge of up to 1.50% can apply. It is shown before you confirm.
Card issuers vary
Some Canadian card issuers treat trading platform payments as cash advances. Ask your issuer before depositing by credit card.
Choose the method that suits you
Your account manager helps with the first deposit and explains which method is quickest for your bank.