Recommended brokers using alternative deposit/withdraw methods? | Forex Factory

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Recommended brokers using alternative deposit/withdraw methods?

  • #1
  • First Post: Sep 3, 2010 7:02pm Sep 3, 2010 7:02pm
Brokers you like which also use alternative deposit/withdraw such as moneybooker etc?

deposit/withdraw method must be more than just wire, credit card etc.

thx
  • #2
  • Sep 6, 2010 3:09am Sep 6, 2010 3:09am
Personally I use FxPro. One of the reasons is their deposit/withdrawal options which include PayPal and Moneybookers, as well as the other more traditional credit cards.

Hope this helps.
Thanks
  • #3
  • Sep 6, 2010 3:24am Sep 6, 2010 3:24am
thanks, didnt realize fxpro has it..

yea their cc is useful
  • #4
  • Nov 15, 2016 7:39am Nov 15, 2016 7:39am
Hello everybody
My question is about deposit methods in Forex, why most of the brokerage doesn’t have PayPal, but some other has got? Does it mean that PayPal doesn’t trust these companies?
  • #5
  • Nov 15, 2016 8:51pm Nov 15, 2016 8:51pm
Most brokers have such options. In fact, if I be perfectly honest, it’s opposite question that perhaps is more for asking with which broker doesn’t have alternative because nearly every single broker I see having MB. I trade with OctaFX and there too they have MB. It’s not tough to say that MB is the certain option available across followed by others. I don’t see too many brokers having PayPal to do with the dispute option and it’s unlikely that too many brokers will have such option.
  • #6
  • Nov 16, 2016 2:55am Nov 16, 2016 2:55am
I know that my broker allows depositing and withdrawing via Skrill , Neteller, etc. Even payment agents can be used if you wish. But I prefer to use Visa, cause it's more common for me
But I guess that the majority of brokers offer such features nowadays. Am I right?
  • #7
  • Nov 18, 2016 11:49am Nov 18, 2016 11:49am
Quoting alextrader79
I know that my broker allows depositing and withdrawing via Skrill , Neteller, etc. Even payment agents can be used if you wish. But I prefer to use Visa, cause it's more common for me But I guess that the majority of brokers offer such features nowadays. Am I right?
I'm afraid you won't be able to withdraw on Visa more than you deposited because of strict AML policies every broker should adhere to. I use Skrill to withdraw and top up from Hotforex, although Skrill has recently forced me to switch to Euro because they don't process USD withdrawals anymore while taking terrible fees for internal exchange.
  • #8
  • Nov 29, 2016 7:25am Nov 29, 2016 7:25am
Quoting carolscott
Hello everybody My question is about deposit methods in Forex, why most of the brokerage doesnt have PayPal, but some other has got? Does it mean that PayPal doesnt trust these companies?
I also noticed that Paypal isn't any feasible option for forex trading, instead skrill in my opinion is the most popular payment deposit and withdrawal method used for forex brokers and online casinos.
  • #9
  • Nov 29, 2016 11:58am Nov 29, 2016 11:58am
I have an account with FX Pro as well and using Skrill for deposit/withdrawals. Everything is going smoothly.
  • #10
  • Nov 30, 2016 3:35am Nov 30, 2016 3:35am
Quoting leebsurag
{quote} I'm afraid you won't be able to withdraw on Visa more than you deposited because of strict AML policies every broker should adhere to. I use Skrill to withdraw and top up from Hotforex, although Skrill has recently forced me to switch to Euro because they don't process USD withdrawals anymore while taking terrible fees for internal exchange.
I prefer to withdraw not very big sums, so it's normal.
By the way... what exchange rate does Skrill have (if they convert USD into EUR), is it profitable to withdraw with it?
  • #11
  • Dec 4, 2016 4:09pm Dec 4, 2016 4:09pm
Quoting alextrader79
{quote} I prefer to withdraw not very big sums, so it's normal. By the way... what exchange rate does Skrill have (if they convert USD into EUR), is it profitable to withdraw with it?
I'm using Hotforex USD account with Skrill in EURO, transaction exchange fee is 1.99%. Going to switch to broker EUR account soon.
  • #12
  • Dec 4, 2016 6:44pm Dec 4, 2016 6:44pm
Alternate deposit/withdrawal methods are something that Vantage FX get asked about a lot.

Quoting MoreYummy
Brokers you like which also use alternative deposit/withdraw such as moneybooker etc? deposit/withdraw method must be more than just wire, credit card etc. thx
Skrill and Neteller are the two most popular alternate deposit/withdrawal methods that Vantage FX offer, and would cover 99% of requests outside standard credit card/bank wires.

Quoting carolscott
Hello everybody My question is about deposit methods in Forex, why most of the brokerage doesnt have PayPal, but some other has got? Does it mean that PayPal doesnt trust these companies?
PayPal charges fees to brokers that simply aren't worth it if the demand isn't there. It is the broker's decision, not PayPal's who would happily take all the business they can get. Hope this clears that up
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  • #13
  • Dec 5, 2016 8:44pm Dec 5, 2016 8:44pm
Most brokers now even cop the fees that credit cards or banks charge you.

I don't know why you'd bother using anything else if your broker does this.
  • #14
  • Dec 12, 2016 2:23pm Dec 12, 2016 2:23pm
Quoting Badem
Most brokers now even cop the fees that credit cards or banks charge you. I don't know why you'd bother using anything else if your broker does this.

Even withdrawals for some brokers. Mainly to attract newcomers but is a pleasing bonus for current traders.
  • #15
  • Last Post: Dec 13, 2016 8:18am Dec 13, 2016 8:18am
Quoting alextrader79
{quote} I prefer to withdraw not very big sums, so it's normal. By the way... what exchange rate does Skrill have (if they convert USD into EUR), is it profitable to withdraw with it?
I have EUR/EUR account with broker and Skrill, so no conversion fees apply. Not sure how much is it.
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