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How long should this take?

  • #1
  • First Post: Oct 11, 2006 10:47am Oct 11, 2006 10:47am
Hi all,

I was wondering how long do brokers usually process applications?

I've submitted mine yesterday to InterbankFX and still haven't heard from them so far.

Is that normal?
  • #2
  • Oct 11, 2006 11:51am Oct 11, 2006 11:51am
Quoting thepunisher
Hi all,

I was wondering how long do brokers usually process applications?

I've submitted mine yesterday to InterbankFX and still haven't heard from them so far.

Is that normal?

my live account with interbankfx was on the same day open as i submitted my documents. then i funded my account(with creditcard) and it took also only 2hours. so it took me 16-24h till the account was active.

i have also 2 other accounts, one with fxdd and one with oanda. oanda took me 2 days and fxdd took me a whole week because they needed 2 times additional documents.

interbankfx was by far the fastest and its also very easy to fund the account there

  • #3
  • Last Post: Oct 11, 2006 12:05pm Oct 11, 2006 12:05pm
Quoting ART_1_
my live account with interbankfx was on the same day open as i submitted my documents. then i funded my account(with creditcard) and it took also only 2hours. so it took me 16-24h till the account was active.

i have also 2 other accounts, one with fxdd and one with oanda. oanda took me 2 days and fxdd took me a whole week because they needed 2 times additional documents.

interbankfx was by far the fastest and its also very easy to fund the account there

Ok, I asked them and they told me it'll take 1-2 days.

A side question:
Is it a good idea to fund accounts with wire deposits? I read somewhere on this forum that it's better to fund with credit card, and then if broker misbehaves you can claim breach of contract and get the money back.
Is that true? I can apply for a Visa debit card at my bank, will that give the same protection as CC?
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