Best broker for credit card deposits? | Forex Factory

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Best broker for credit card deposits?

  • #1
  • First Post: Apr 5, 2012 1:25am Apr 5, 2012 1:25am
Hi,
I wanna to find a good broker that fill these requirement :
- Free fees on deposit through credit card
- Allow to withdraw through bank wire ( as I have used Gomarkets in past )
- Good live support
- > 20.000$ deposit limit / month through credit card.

If you have any experience ,please share . At the moment I found Alpari UK filled all but it's really hard to open the account with them , I'm facing many problems in verify all documents , they ask something almost impossible base on my country , noone allow to help me verify documents then ..
I found Trading Point also but I haven't heard about them before , so quite scare about that
All help are welcome , thanks again for reading the topic
  • #2
  • Apr 5, 2012 1:39am Apr 5, 2012 1:39am
Quoting HoangTuan
Hi,
I wanna to find a good broker that fill these requirement :
- Free fees on deposit through credit card
- Allow to withdraw through bank wire ( as I have used Gomarkets in past )
- Good live support
- > 20.000$ deposit limit / month through credit card.

If you have any experience ,please share . At the moment I found Alpari UK filled all but it's really hard to open the account with them , I'm facing many problems in verify all documents , they ask something almost impossible base on my country , noone allow to help me verify documents...
which country r u fr?
  • #3
  • Apr 8, 2012 5:46pm Apr 8, 2012 5:46pm
I can verify that Oanda's US standard offering meets all the requirements you've listed. (2nd CC Withdrawal per calendar month comes with a fee)

As to whether or not they offer this to non-US clients, can't say off the top of my head- however my instinct says no. Should be right there on their site for you.

Regards
  • #4
  • Apr 13, 2012 8:50am Apr 13, 2012 8:50am
Quoting Cdm
I can verify that Oanda's US standard offering meets all the requirements you've listed. (2nd CC Withdrawal per calendar month comes with a fee)

As to whether or not they offer this to non-US clients, can't say off the top of my head- however my instinct says no. Should be right there on their site for you.

Regards
Yep , at mean time I'm using Oanda US now and quite satisfied with them , limit for deposit was 10k$/month , trying to open an account at Alpari UK as well
  • #5
  • Apr 18, 2012 9:47am Apr 18, 2012 9:47am
HoangTuan

Are you looking to deposit into the account with a credit card and then withdraw via a bank account?
  • #6
  • Apr 19, 2012 11:49pm Apr 19, 2012 11:49pm
Quoting CapMarUK
HoangTuan

Are you looking to deposit into the account with a credit card and then withdraw via a bank account?
Yes , refund back is ok but bank wire is better for me
  • #7
  • Edited 9:04am Apr 20, 2012 8:46am | Edited 9:04am
Due to security, risk, fraud and money laundering issues, you will generally find that most brokers have a credit card limit on deposits and are very strict on withdrawal destinations.
With brokers in UK and Europe, you'll find that they have a 'source in, source out' policy. So whatever amount you deposit from your credit card will have to be netted off first, after which you can send funds to a registered bank account.
  • #8
  • Apr 24, 2012 2:27pm Apr 24, 2012 2:27pm
Quoting CapMarUK
Due to security, risk, fraud and money laundering issues, you will generally find that most brokers have a credit card limit on deposits and are very strict on withdrawal destinations.
With brokers in UK and Europe, you'll find that they have a 'source in, source out' policy. So whatever amount you deposit from your credit card will have to be netted off first, after which you can send funds to a registered bank account.
Yes very glad you mentioned this.

It's much the same with US brokers as far as my own experience goes, however I've encountered some which offer a "decay" release period- which might follow a guideline like 120 days after initial CC deposit, funds are then able to be withdrawn in the form of cash or whatever method the client so chooses. Likely the reasoning is that such an extended period allows for enough of a hedge against laundering, fraud and the like.

It's one of those details which never seems to be all too important until it suddenly becomes, in fact, important.
  • #9
  • Apr 27, 2012 10:42am Apr 27, 2012 10:42am
Quoting HoangTuan
Hi,
I wanna to find a good broker that fill these requirement :
- Free fees on deposit through credit card
- Allow to withdraw through bank wire ( as I have used Gomarkets in past )
- Good live support
- > 20.000$ deposit limit / month through credit card.

If you have any experience ,please share . At the moment I found Alpari UK filled all but it's really hard to open the account with them , I'm facing many problems in verify all documents , they ask something almost impossible base on my country , noone allow to help me verify documents then...
I don't think you can find one meets all of your requirements, especially regarding free fees on deposit.
  • #10
  • Apr 27, 2012 8:41pm Apr 27, 2012 8:41pm
Quoting G-Boomerang
I don't think you can find one meets all of your requirements, especially regarding free fees on deposit.
I was trading with Gomarket in past and they did offer all above options , now I was trading with Alpari UK and they offer full options above too also Oanda ,FXCM fit 90% conditions above too and I were very happy with them so far . Just because you haven't tried to find, it doesn't mean that it's impossible
  • #11
  • Jun 4, 2012 6:08am Jun 4, 2012 6:08am
Try Vantage FX (aus) I have used them for over a year now and have never had problems with credit card deposits. They process withdrawals by bank wire same day too
  • #12
  • Jun 6, 2012 8:43am Jun 6, 2012 8:43am
Quoting MattR
Try Vantage FX (aus) I have used them for over a year now and have never had problems with credit card deposits. They process withdrawals by bank wire same day too
I agree with MattR. I also trade with Vantage and fund online with credit card. Very easy and a quick process. I have withdrawn about 3 times and all have been same day.
  • #13
  • Jun 7, 2012 10:01pm Jun 7, 2012 10:01pm
last I recall, FXCM doesn't charge any fees for credit card deposit

but I think you must withdrawal via credit card if it's within a time limit from your deposit
  • #14
  • Jun 10, 2012 6:56pm Jun 10, 2012 6:56pm
Quoting daytrade33
I agree with MattR. I also trade with Vantage and fund online with credit card. Very easy and a quick process. I have withdrawn about 3 times and all have been same day.
Have you had any delays in depositing with CCard?
I have found that with Vantage I am constantly needing to contact my rep in order to complete funding of my account, which has forced me to cancel some positions in fear of the market moving too much against them.
  • #15
  • Jun 12, 2012 12:38pm Jun 12, 2012 12:38pm
it is now some time since I've composed a list of the best broker in 2012 and also those who accept Credit Card 10 best forex brokers
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  • #16
  • Last Post: Jun 14, 2012 5:25am Jun 14, 2012 5:25am
Hi HoangTuan,

Mostly credit card deposit been charged by a deposit fee, apply by bank itself not from broker. Sometime that fee may reach to 4%, that would hurt alot right.

But also normally broker which ALLOW deposit by credit card mean they dont need your cash, your money would be segregated in bank with your name but not in under the broker account.

Nothing cheap but good, that what I always believe and still find it right up to now.
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