any one has credit card deposit with fxsol australia??

I want to save a international wire fee cost

can I withdrawal the initial deposit to credit card within 30 days? (says it's free both ways)

I there a condition attached to whether can or cannot withdraw within 1 month after credit card deposit?

note I only want to withdraw back to cc the initial deposit, do they judge depend on...

(profit/loss? 1 lot deal/10 lot deal? or in any case I can do it?)

thanks!

done. cc deposit was instant... sounds like bucketshop games...

support says withdrawal of initial deposit within 30 days is free (as if payment cancellation)

I'll let you know if I got scammed and video tape it.

no I did not plan to scalp them a little $ and escape... it's for reverse hedging some stocks position to lower risk.

#1 before cc deposit
billye:
bill: withdraw a same amount as initial deposit within 30 days of cc deposit, can I?
bill: thanks
Andre: yes

bill: andre's support id#?
Andre: no id # Andre: 12253

#2 after cc deposit
email confirmation

Assigned Account # FA******2
Thank you for your deposit of $**9.00 into your FX Solutions trading account. The funds youve deposited have been credited to your account.
Deposits are available for withdrawal after the following clearing times:
• Credit Card = 30 days
• Bank Wire = Immediate availability
You are only eligible to withdraw your deposit after the clearing time.

#3 after cc deposit => confirm with support if within 30 day is okey or not to withdraw initial deposit or partial if lose
now answer is: situational, depends, need to submit a form pending approval, not immediate or don't know

billye: question regarding cc withdraw of initial deposit
billye: in your email claims
billye: • Credit Card = 30 days You are only eligible to withdraw your deposit after the clearing time.??????
billye: meaning within 30 days I cannot withdraw init deposit?
Andre: Correct we do not offer credit card withdrawals unless it is urgent we return funds back to card not withdraw funds
billye: so it is a cancellation
billye: how can you cancel exact same amount back to my acc
billye: if I lose money here?
billye: it allow cancel a partial amount?
Andre: we adjust it to the amount left

billye: so the deal with cc bank to cancel a partial deposit works? confirm?
Andre: yes, if the reason is urgent
Andre:yo uhave to provide reason for return
billye: ...
billye: reason is I just want to hedge (reverse) my stock's long position risk
billye: duration is 1-5 days
billye: then I am done
billye: that okey?
billye: I do a short of index here to safe guard my long stock position
billye: I short index
billye: I may lose money here and gain on stock if index rise
billye: and reverse
billye: I may gain here and lose on stock if index falls
billye: and duration is only 1-5 days

Andre: I do know if that reason is suffice but it can be submitted with the form
billye: faint!! [citation]
billye: "12253
billye: bill: withdraw a same amount as initial deposit within 30 days of cc deposit, can I? bill: thanks Andre: yes "
billye: you said yes just now

billye: now you said conditional and pending approval and (takes a delay?)
Andre: I said that all withdrawals back to cards were urgent matters

billye: I know how you bucketshop works, you never get a real money at this moment, I have a number in the game account.
billye: but that is not the point... you need to operate to counter that risk
billye: not depend on if I lose real money or gain in virtuals...
billye: I mean you never get real money at this moment, usually 3-6 days you get real money.

Andre: I also said that we do not offer withdrawals to credit cards we return the funds to the card if urgent
Andre: We have a30 day clearing processs on deposits

billye: I know exactly how that works
billye: if people lose money, it's a virtual game and you say they lost it
billye: if they win... not sure where you got money to do his deals
(he refuse to clarify specific criteria to judge if withdraw is allowable,
and refuse to comment on withdraws allowed within 30 days clearing period, and shuts down directly!!)

Andre: Thank you for visiting FX Solutions Australia online chat. Please contact us anytime.
billye: but definitely not directly money from his cc bank payment
One GTS platform, Three ways to trade Forex and CFDs. click here to learn more.
You are not currently in a chat session.

===========================================================================================

http://www.forexfactory.com/images/icons/icon1.gif disclaimer:
I am exposing fxsol aus which is not regulated under NFA(us)...
good or bad, result is from their behavior, others judge, I do not.

I also had live acc with fxsol us so I have choice
NOW! after just 1 hr I prefer to deal with fxsol-us (NFA regulated) only

if ff thinks my above live check with fxsol-(aus)
is against the best interest of site sponsor (fxsol-us),
let me know I will remove it. => but my position now is I prefer fxsol - us more so I am not against interest of site sponsor.

also, no deal has been done yet after deposit, so I am not in a P/L conflict of interest with fxsol aus either.

bill: withdraw to credit card is okey
bill: I see, confirm?? Andre: only urgent withdrawals

bill: what is the only urgent meaning?
bill: case by case? if profitable not allow withdraw? hahaha
bill: note that I have another live with fxsol - us, so I have choice to credit to which one!
bill: support keeps silent...
bill: within 30 days withdraw to credit card is okey? I want to know the full rule to allow/not allow withdraw, thank you
Andre: We do not allow withdrawals to credit cards unless it is a special need
Andre: You cannot withdraw more than deposited, we only return amount deposited back to card

bill: 2nd rule is okey (only deposit, not profit)

bill: 1st one, what is special need?
Andre: We do not offer credit card wothdrawals
Andre: We only return amount deposited back to card within 30 days

bill: ok, that is exactly my question

bill: withdraw a same amount as initial deposit within 30 days of cc deposit, can I?
bill: thanks Andre: yes
(he then did not mention any other special specific ... this is before cc deposit)

Now, if I do not trust a bucketshop,

do not do any deal!
ask for withdrawal immediately...

see if I can get through it unconditionally now

reason: your words change after deposit, I do not trust you for any deal, I want to cancel deposit and deal with fxsol-us instead

wow they have a option dedicated for recent cc deposit... how professional bucketshop

I'm chatting about a:
-> Recent Credit Card Deposit
Transfer
Withdrawal
General Funding Question


I will video tape the whole conversation and upload here in 1 hour, using this video tool
http://www.forexfactory.com/showthread.php?t=157955

support say fill a form and send to funding dept,
will be cancelled and back to cc today

so I will just do it.

they are very very careful when informed it's under video taping.

withdrawal form sent to funding dept

support says they will back to one of my cc within today.
however I can understand if it takes till tomorrow.

let's see if smooth or something bring up,
I guess would be okey since I haven't do any deal...

esp, did not win their money yet.

support confirm that withdraw form received and cc deposit cancellation accepted

confirmation email to send to me in 6 hrs.

usually it will take several days (depends) for my cc bank to handle credit recover, which I can understand.

seems (no deal yet) is smooth.

am I over-scared??

I still have 2 cc money in fxsol aus

will probably try win and lose 1$ and request cancellation again to stress test them.... hahaha

why would you trade with fxsol? highest spreads in the market...

hi broker expert..

I bet with a stock god on T+1 day market move, may highly fail and lose..

fxsol-aus allows me to trade cfd in reverse so I hedge my loss...
[edit] other reason is cc deposit with a bucketshop is instant so I can open hedge tonight instead of wait for 2 days and my bet is lose already...

I probably will never do it again... will stay up whole night again => higher time frame and smaller position is the final peace

spread is a don't care for stocks,
we have two way 15pips commission usually, cfd is fine

I just found that fxsol aus close hk index cfd trading at this moment now
but in demo it allows trading a non moving price.
how ugly they are...

in demo I always trade hk index cfd base on dow move
since it don't move at all.... and it should... so I arbitrage, arbitrade with extreme leverages, some times double in a day, some times broke in 1 hour. (demo)

now it seems live acc cannot trade so hk cfd don't move -> so demo hk cfd don't move -> but demo allow trade that..............

cheated

ps: jp index cfd is open for trade but there is enough liquidity, so no space for arbitrage on correlation, only if it don't move at all like hk cfd.

I can see cancelled the cc deposit has been substracted from live account balance.

still no confirmation email
and cc did not recover credit yet (as said may take days)

as is said, EST 11am is the cut-off time for finding requests

seems fxsol aus is operating still in headquarter US...

so far no issue seem...

NOW:

shall I make 1$ profit or -1$ loss and try cancel other cc deposit again see what they react??

if +1$, -1$ both can cancel deposit then I have nothing to complain........ still a good branch of a reputable broker.

hi, I placed 1 order base on my new trading stategy:

a. H1 chart only, major levels to enter/exit
b. trade direction against my position in other market in order to hedge risk, - win here, lose there; or lose here, win there.
c. position size=10% of acc and no leverage so I don't have to stay up all night... not allowed to add position for average out.
if 2nd chance show up in other pair, which do not corelate exact with this position, I can open a 2nd turtle order (turtle means risks split several shares in non correlated markets)
d. t/p or s/l at +/- 100 pips or so, so daily bounces are 0.1% of acc, I don't have to hearts up and down with it

I opened trade 1 order now and will close it after 2-3 days.

no matter profit or loss

then I request cancellation of 2nd credit card initial deposit and free withdrawal of initial money

(I had 3 cc money in it, now 2 cc left)

no matter win or lose,
this gives a 2nd chance to test fxsol-aus in case of a profit / loss happen after instant credit deposit.
can they withdraw with no questions asked? esp if I win??

I hope they can pass this test!!!

the order to hedge my position elsewhere went fine

they missed 1st promise:
to send out to me the confirmation email of funding cancellation before 13pm EST... no email received.
however funding seems to be removed already.

I'll wait to see if receive it in 24hrs which is my expectation.

sorry has to let it run for 1 or 2 days more.
I'll try submit a 2nd cc deposit cancellation request with 1 order open to test if any question asked. (now 2 cc deposit in this acc, cancel 1)

contacted support just now, the confirmation email is not automatic, and the person forgot to send it...

anyway, he resent to me the deal for refund/cancel initial deposit back to credit card.

good, passed this test on fxsol-aus side.

It seems all CC brokers can only support withdrawal within first month, I supposed it's got to do with Visa policy of 30days purchase refund.

Hence I don't see it's usefulness which you won't get to use it anyway, and you won't withdraw within a month unless u can double your account in a month.

Correct me if I am wrong.

For further research, following brokers with credit card facility with condition of Eur 2 pips or less and mini account, results generated by compareforexbrokers.com

1. Cyprus: eToro, Prime4X, FxPro
2. Canada: Xforex
3. USA: FastBrokers, IBFX, FXCM, GFT, Forex.com (Gain Capital), IG Markets
4. Switzerland: ACM
5. Germany: Finexo
6. Australia: GOmarket
7. UK: CMC Markets

If anyone made withdrawal by CC after 30days, please share thanks in advance.

brief:
I think they can cancel the deposit within 1st month, that is okey for me since I use trading for hedge in arbitrage on occasions... it won't last >1 week.

after the 1st month, some still offer return the initial deposit to cc... I did not research to get a full list what can and what cannot?

again I have mentioned it many times, transfer fee is never a 1st concern for you than the trustworthiness of the broker and safety of your fund.

a very common thing is broker accepting cc deposit
they could allow you to blow up within 3 days when he has not received any real fund from your cc bank.
but if within 3 days you made much money, they will claim that you cannot withdraw yet.

I'm a little bit concerned on your list,
pls look through forexpeacearmy on trader feedbacks, if it's not top3 in market maker or ecn in terms of trader feedbacks, I wouldn't trade with them...
in any business the crowd other than top3 cannot be very profitable, how come in forex they can?
later you'll know half of this world is bucketshop and no transfer fee does not secure you by much.

if it's serious about managing your life deposit and targeting for ROI beating bank loan rates with minimal effort total <2hr a week ...
1 time deal transfer fee of 10$ would be at end of my priority list.
I'd rather think spend a few bucks with oanda and prove my strategy of reliability is #1 priority, instead of putting in a few hundred bucks and hope to double soon.

Apr.8 handle return
Apr.13 now... the cc cancel and refund has not yet arrived back to my cc credits. I guess due to the holiday. let me wait a few more days..

btw I also consult the support
after 30 days, credit card (cc) deposit
can only go withdrawal by wire or check, wire is 40$ fee and check is free but takes 2 weeks on mailing.
cannot go back to cc

if within 30 days, cc deposit can cancel back to cc, but that need justification and manager approval.

contacted my 1st credit card bank (which I ordered cancel deposit without trading)
the credit is still not recovered.
however they also did not request money (typically request in 1 week)
so my guess is the fund is cancelled correctly but it takes time to process back to my back.

checked my 2nd credit card bank (which I did not order cancel deposit)
the money is requested by fxsol-aus via VISA, and pay bill is generated
so in comparison I think 1st one's cancel deposit still works.

trading point of view
I traded a few E/U orders with this fxsol-aus, spread is 3pip, which is okey for position trading, but their price mismatch with ECN and oanda ...
which means many times oanda can escape at a t/p or s/l at a major S/R, this one cannot just because a few pips difference and spread...
which is bad I may not use it for forex... but for oanda I still cannot transfer money free, which is a problem.
but note: I am profitable even though so high spreads and miss many hits.... and seems what I heard is also if you pay the high spread, this bucketshop is as good as a real market.

I also traded futures CFD (dow, sp500, japan, hk) this one sounds very interesting... but I'm not so familar with all market so I just trade dow and hk in reverse way to arbitrage and to correlate.

I like the CFD function a lot, and since I use no margin, 1 dow pip is 1$. I don't worry for the fact that they are bucketshop.

my 1st credit card status is same, no bill from fxsol-aus, credit not recovered, and cc bank not received anything yet... just wait.

just now I requested cancel deposit back to my 2nd cc, request is accepted right away (within 30day after cc deposit allow cancel on justification)

my 2nd cc status is, bill from fxsol-aus already got, cc bank bill already printed on Apr.14, return due date is May.5.

cancellation request received and will process today

hope that the cancelled fund can arrive by May.5 then cc bank will regard money returned... or I need to pay myself 1st >_<

so far things working well. I've shorted dow 8160->8090 to hedge my stock long position risks and closed a profit just now.

at around 13pm EST... see if can arrive back my cc by May.5

I requested fxsol-aus cancel deposit for 2nd credit card on Apr.17 11am EST, and on Apr.17 13pm EST deposit removed from acc balance.

on Apr.21 my 2nd cc received refund from fxsol-aus and the cc bill was cancelled successfully.

for cc#1, it has not received credit recovery yet,

my #1 cc bank says because paypal did not request any fund from cc yet, (seems paypal did nothing?) and it did nothing else seems, so cc bank just waiting.
but after 31 days my credit will be automatically recovered...
this means cancel AFTER fxsol/paypal requested fund will be even faster than cancel before fund is requested, 2nd case needs wait till 31 days.

so far things has been smooth, my 2nd cc credit is recovered, my 1st cc credit still occupied but it did not charge me any bill.