IBFX Withdrawal Options

Looking at the website right now there are only two options for funds withdrawal...bank wire which costs $25 and credit card which is free. My question is under credit card...is it possible to use debit card? That way funds move directly into and out of my checking account.

yes

its like direct deposit!

I am in the USA and I get IBFX to mail a check which doesnt cost anything.

You only get to withdraw to Credit Card if you funded it via Credit Card as well; and you can only withdraw upto the amount it was funded with.

Therefore, if you funded it with $1000 via Credit Card and after trading, your account went up to $2000, you can only withdraw $1000 to Credit Card and the rest through other means (Bank Wire, Check). There is a catch here as well.. Lets say you made a $1000 funding via Credit Card 90 days ago and after trading, the account went down to $500; you can opt to withdraw via Credit Card the $500 or to bank wire. BUT if you topped the account anew with fresh $1500 (bringing the account to $2000) and traded some more, your account grew to $2500, you can opt to withdraw all out to Credit Card.

Moreover, you cannot withdraw to another Credit Card - even if the Credit Card use for funding expired/cancelled!

There are some brokers WHO will remit back to Credit Card the original amount no matter how long the transaction was made. ie, a funding that took place 4 years ago and the card expired/cancelled, the broker will claim they could no longer send the money back to you because of expired card. This is why I prefer to withdraw to Credit Card within 30 days of funding.