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This broker doesn't let me withdraw profits via credit card 22 replies

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Which forex company has credit card withdraw/deposit with minimal fee?

  • Post #1
  • Quote
  • First Post: Apr 3, 2010 8:08pm Apr 3, 2010 8:08pm
Which forex company has credit card withdraw and deposit with minimal fee?
I prefer 1 can let me trade 1000 per trade minimum, or less per trade.

I found IBfx can do it, but is there other options?

thanks.
Quoting MoreYummy
Which forex company has credit card withdraw and deposit with minimal fee?
I prefer 1 can let me trade 1000 per trade minimum, or less per trade.

I found IBfx can do it, but is there other options?

thanks.
Are you kidding me? Is this a serious post? You want to trade using a credit card? And you are hassling over the fee the CC company is going to charge?
What's problem with comparing broker with their fee and so on?

So i guess you dont know anything about it eh?
I think a lot of brokers take credit cards anymore. I don't know whether they charge you an "extra" fee or not. You'll just have to look around.
There are few do take credit card as deposit, but not many would let me withdraw using credit card/debit.
Actually, CC fees are an issue. Many of these unregulated bucketshops offering CC deposit are using any old offshore CC merchant service to process the payments which naturally charge more fees than having a legitimate merchant account at a bank.
Quoting MoreYummy
There are few do take credit card as deposit, but not many would let me withdraw using credit card/debit.
Yeah, that's one of the nice things about IBFX. You still get charged for withdrawals though, if you are using "their" debit card. But, if you live in the United States, you have the option to open an account with Zion's Bank (I don't know if you can open an account from another country?), and have your funds transferred directly to and from there ... and it's free.
GFT doesn't charge any CC fees. I've been in/out transferring amounts $3,000 to $5,000 on a regular basis and have of yet not been charged a fee. I find it quicker and faster than Wiring moneys. GFT charges $25 to wire money to my bank and then my back charges me $35-$45 for all incoming wires. (ouch)

I'll take the CC and check options where I can get it ... it's all about savings when trading fx.
yea i found GFT takes CC without fee for deposit.
but the withdraw is only up to the deposit amount, rest on check.
How long does it take to send out the check?
Quoting MoreYummy
yea i found GFT takes CC without fee for deposit.
but the withdraw is only up to the deposit amount, rest on check.
How long does it take to send out the check?
You are right. If you make a deposit using CC, you can withdraw those funds out by CC within 60 days of the initial CC deposit. After the 60 day, GFT will send you a check. It happened to me once so GFt cut me a check for the remainder of the funds owed The check came faster than I expected, within three business days. I requested fund withdrawal on Monday and got the check on Wednesday.
so i guess you are using gft full time trading?
Im thinking of using it.
How is the spread for 6 majors?
FXCM US standard accounta allows for funding and withdrawal with CC (after 30 days I believe) with no fees. Limit $10K every 30 days

They take $10 or $20 admin fee if you do two withdrawals I believe

Now with FXCM Micro US you can fund with CC and withdraw with check, the limit is $5000 every 30 days

With IBFX the limit is $20K/every 30 days and if you use zions bank then it's free to withdraw.
fxcm standard allows CC withdraw for the profit part or only the part deposited with CC?
Didnt know they can until now.
Quoting MoreYummy
fxcm standard allows CC withdraw for the profit part or only the part deposited with CC?
Didnt know they can until now.
that I'm not sure but since basically the withdrawal is simply a reverse of the previous transaction I'd think only the deposit ... that should be true with any company ... since if they allow withdrawing all via CC then it costs more than just doing a reverse transaction
I don't think there's such a thing as creditcard withdrawal

debitcard maybe?
Quoting mr.az
I don't think there's such a thing as creditcard withdrawal

debitcard maybe?
no, there's credit card cash advance ... which usually costs alot
and the merchant can post credit to your credit card thus you might have negative balance that they send by check after a few months or you can simply spend it somewhere else
  • Post #17
  • Quote
  • Edited 7:31pm Apr 7, 2010 6:56pm | Edited 7:31pm
i just checked with fxcm, no cc withdraw after the initial deposit.
So if there is profit, cc is not possible in fxcm.

well, in reality, its a prepaid card or debit card some sort. but they use same network as cc.

as m78 said, the withdraw is cash advance, so there is some kind of fee, which is what im looking to compare.
Quoting m78
that I'm not sure but since basically the withdrawal is simply a reverse of the previous transaction I'd think only the deposit ... that should be true with any company ... since if they allow withdrawing all via CC then it costs more than just doing a reverse transaction
m78 is correct. For the standard accounts, you could withdraw back to your credit or debit card up to the amount you funded with.
Quoting Jason Rogers
m78 is correct. For the standard accounts, you could withdraw back to your credit or debit card up to the amount you funded with.
Jason,

I think it's best you stick to the FXCM titled threads. If you want to reply to member use a PM. I think your motives are always to high light the strengths of FXCM, hence promote the business.

I don't think you have a place to reply in non FXCM threads under the Banner of Jason Rogers as you will never agree or confirm noted weaknesses FXCM has. I have not seen this, hence my reply.

I will make a complaint to the mods as this should not be done by companies. This is the first time I have seen a company post out side their dedicated thread. ( please correct if I am wrong there members)

Not on JR
Quoting m78
With IBFX the limit is $20K/every 30 days and if you use zions bank then it's free to withdraw.
If you deposit by Credit Card, can you withdrawal to Zions Bank at a later date ?
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