Best forex brokers / How to deposit / withdraw in forex trading
For the experienced ones, the process of deposit or withdrawal seems quite simple and easy to do.
However, for beginners, who have almost zero experience, they find it really complicated and confusing.
Debit cards with Best forex brokers
Debit Card is a type of ATM card, which requires you to put some money in to use.
This card connects to your bank account just like an ATM card. When you buy things online, the money will be taken directly from your bank account.
You can either register a Debit card at the bank or do it online. If you don’t have much experience in making online transaction, Debit card is for you. It is safe and secure thanks to the bank.
Credit Card is a type of card that lets you spend a certain amount of money and you have to pay that amount back to the bank in 45 days (time may vary based on banks).
Otherwise, you will have to pay it back with higher interest rate.
There are some famous and commonly use eWallets like: Neteller, Skrill (MoneyBookers), Nganluong Wallet… for traders in Asia.
This method is similar to the Debit card. Instead of transferring money into your account, you transfer it into your eWallets.
This method is faster than Debit card and cheaper, too.
After you have finished opening a forex account and verified it, find the Deposit tab or button.
It is usually very easy to find because that’s the first thing brokers want you to do. After clicking on it, choose your deposit methods.
This is the fastest and cheapest way to transfer money.
If you want to trade with brokers who don’t have local banks, you can use your VISA Debit card.
This method usually costs 4 to 7% of your total transferred amount.
Commonly, the deposit process takes only minutes to complete.
The process of withdrawing is very similar to depositing.
However, when withdrawing money, you have to be extra careful. Put in the information correctly and carefully.
Make sure you withdraw from the same account as the one you use for trading.
Because if you mistake anything, brokers usually takes days or weeks finding the problems.
You will have to wait a long time for the process to be completed.
You just need to know your options, pick the most beneficial one, and do it.