transfer money to bank from visa through forex.com

Hi all, it sounds illegal and not illegal, but I just want to be sure that it's doable :0

Here is the story, Say, I have two accounts in forex.com. one is tied with VISA (account A) and one with wired bank(account B). the two accounts can transfer money to each other. Withdrawing money back to VISA is capped by the maximum amount you deposit. So what if I deposit account A from VISA and transfer the money to account B (assuming there is no trading at this time) and withdraw from account B to the wired bank? will it be considered that I'm illegally taking money from credit card and affected my credit record or it's something definately forbidden? I'm confused, please advice. thanks

I don't think it's illegal, it might bring up money laundering flags though. Why would u want to do that?

If you take a cash advance off your credit card, I don't think credit bureaus can track it further so it shouldn't affect your credit rating. If you don't repay it or fall behind in making timely payments - that is another story.

It sounds kind of like he might get a rebate on the money and wants the cash to go back from a different place so he keeps the X% rebate.

It would be easier to trade it.

if you fund with a visa card they don't mark it as a cash advance, but as a purchase. You save the cash advance fee and interest rate. At least my ibfx and forex deposits were that way.