| Updated: September 15, 2025- Jump to:
- How to Deposit
- How to Withdraw
- Pros of Using eKonto
- Cons of Using eKonto
- Fees and Limits
- eKonto Chargeback
- Security
- Conclusion
Are you looking for regulated and trustworthy forex brokers that accept eKonto? Our expert team of traders tested many brokers using real accounts and compiled a list of the best ones that support eKonto.
Plus500 USThis content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.- eToro61% of retail investor accounts lose money
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- Pepperstone75.5% of retail investor accounts lose money
Everyone wants to be in control of their money. When you are looking for a convenient and secure way to fund accounts for forex or binary trading, you must be able to rely fully on the payment service you use. In the following lines we will introduce eKonto, one of the best payment platforms available.
Available in the Czech Republic and Slovakia, eKonto is a type of bank account that clients of Raiffeisen Bank can utilise. There are many reasons why this platform is so popular. For starters, you can configure it to give you complete control over your business and personal finances. Through it, you can access the most commonly used banking services and products, all available for a flat monthly fee.
How to fund a forex account with eKonto
One of the many advantages of eKonto is that it allows you to fund your forex account quickly and enjoy seamless trading. Once you have chosen a forex broker and wish to deposit money, look for either the eKonto logo or an ePlatby sign.
You can use three different methods for eKonto payments: direct banking, online shopping and debit payments. Any of these options will fund your forex account instantly and securely.
All you need to do is go to the Deposit page and select eKonto as your preferred payment method. You will be redirected to a page where you must enter the credentials you use to log in to your eKonto account. Ensure the amount you wish to deposit is correct and confirm the transaction. Your money will appear in your forex balance immediately, without exposing any sensitive information.
You can also use Visa and Mastercard debit cards or a Mastercard Internet card offered through eKonto. However, as you must provide your card details, a bank transfer is considered the safer option.
How to withdraw from a forex account to eKonto
If you have access to eKonto, you can also use it for withdrawals from your forex account. The process is similar to making a deposit.
Go to your account, choose the withdrawal option, enter the amount you wish to cash out and select eKonto or ePlatby from the available methods. Next, log in to your eKonto account and verify the transaction.
Remember that withdrawals are not as fast as deposits and it may take a few days for the funds to reach your eKonto account.
Benefits of using eKonto for forex trading
There are various eKonto packages available, and it may be worthwhile opting for a paid one, as it can allow you to fund multiple accounts such as forex or binary trading. In addition, active users can receive extra bonuses on top of the standard benefits.
If you decide to fund your forex account via eKonto, you will enjoy plenty of advantages that may convince you this is the perfect payment solution. One of the biggest benefits of eKonto is the security it provides. As Raiffeisen Bank offers the service, clients can be certain their money is handled with extreme care, which is crucial in the often risky world of foreign exchange trading.
Another positive feature is that eKonto offers instant deposits, great news for forex traders. You can fund your account immediately, a benefit not offered by every deposit method.
If you create an eKonto account, you can choose from several options, each tailored to different needs and preferences.
When you wish to withdraw money from your eKonto account, you will enjoy unlimited withdrawals from ATMs of any bank. Domestic transactions – outgoing payments, incoming payments, standard orders or direct debits – are also unlimited and all are available via internet banking.
If that is not enough, you can also use eKonto to fund various e-wallet platforms. Thus, even if your broker does not support eKonto directly, you can still top up another payment account through the service and quickly deposit to your forex account.
Disadvantages of using eKonto for forex trading
While eKonto is a very convenient way to manage your forex balance, it also has some minor drawbacks worth mentioning. These will help you assess whether the service is suitable for you.
The most obvious disadvantage is restricted accessibility. To use eKonto, you must be a client of Raiffeisen Bank, and the account is available only to residents of the Czech Republic and Slovakia. Therefore, forex traders living elsewhere cannot fund their accounts via eKonto.
Some forex brokers may not allow withdrawals to eKonto, which is inconvenient. Even when withdrawals are possible, you will have to wait a few days for the money to reach your eKonto account.
Remember that although most brokers do not impose fees on deposits made via eKonto, other transactions carried out through your eKonto account may incur charges. Always review the applicable fees before proceeding.
Fees and limits when using eKonto to trade forex
As mentioned earlier, in most cases you will not be charged fees when using eKonto to fund your forex account. Despite that, some fees should be noted before you open an eKonto account.
While opening an eKonto account is free, you might be charged a fee if your account is inactive. Depending on the type of account, you will be charged between 0 CZK and 750 CZK per month if you do not use it. For the account to be considered active, your monthly deposits must total at least 15,000 CZK and you must make at least three payments.
The standard account management fee is 99 CZK per month. Because eKonto also offers debit cards, your first card is free of charge. Withdrawals from a local ATM do not incur additional charges, but if you withdraw cash abroad you will be charged 0.5%, with a minimum of 100 CZK.
If you request a withdrawal at the cash desk of a bank or exchange office in the Czech Republic, a fee of 150 CZK applies. The same surcharge of 150 CZK is levied for the equivalent transaction abroad.
eKonto chargeback on a forex account
Forex trading can be risky and traders should always know how to recover their money if they encounter a rogue broker. While some payment methods offer little help if the broker fails to process your withdrawal, others can assist you in getting your funds back.
If you choose eKonto for your forex account but encounter a rogue broker, recovering your money can be difficult. Always check whether the broker is properly regulated and licensed; this will make it easier to retrieve your funds.
If you have deposited with a regulated broker, simply send a record of your transaction history to the regulator and they should handle the rest. You can also send your transaction history to the broker’s banking institution by contacting the bank’s customer support and requesting a chargeback if the broker has not returned your money.
Security when trading forex with eKonto
It is vital to know that the payment service you use for forex trading is trustworthy and will allow you to manage your money safely. If you choose eKonto, you can be confident your funds are protected by some of the most advanced security systems and technologies.
As eKonto is offered by Raiffeisen Bank, all payments made through the service are properly protected. The bank safeguards any sensitive information its clients share during transactions, and this naturally applies to payments made via eKonto.
The fact that you do not have to reveal any card or banking information when depositing to your forex account makes eKonto a very secure payment method, giving you peace of mind while trading.
Conclusion
Czech and Slovak traders will have no issue funding their forex accounts via eKonto, provided they are customers of Raiffeisen Bank, the institution behind the service. If you deposit via eKonto, you can fund your forex account instantly without exposing any sensitive data, making it an excellent option for those who want smooth and secure forex trading.