December 27, 2010
tips for starting forex trading, Most efficiant way to deposit/withdraw ?
By Planet Wealth
hey, I have chose to start trading forex and picked a broker(SmartTradeFX). Now I want to know what is the most economic way in general to deposit or withdraw , is it Paypal?
Topics: trading tips | 2 Comments »
2 Responses to “tips for starting forex trading, Most efficiant way to deposit/withdraw ?”
Comments
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December 27th, 2010 at 3:12 am
It really depends on the amount you’re thinking about depositing. Some methods charge a flat fee, while others take a percentage of your transfer, especially when it comes to withdrawals. Paypal is excellent for depositing but they charge quite a large fees for withdrawals. Wire transfers are excellent for large withdrawals because they only cost a flat fee, which is often less than the percentages charged by PayPal. The best way to deposit and withdraw is probably by credit card (just make sure that the payment form is secure) – but question the broker first if you can withdraw back to your credit card. At eToro for example we process both deposits and withdrawals by Visa card. Visit http://www.etoro.com/trade/funding-your-account.aspx to learn more.
Hope this is helpful to you.
December 27th, 2010 at 3:12 am
It depends on the amount. Paypal is excellent since it is universal. But the time transaction of paypal is too long. When you deposit, it will be verified 2 days after. But generally, it is secured. You can go for payoneer too but its more expensive. Excellent thing is it’s quick.