Forex Brokers That Accept Trustpay Payment Method for Deposit and Withdrawal
Over the last decades, the forex market in the US has emerged as one of the most regulated markets anywhere in the world. Rules that were introduced and backed up by Federal laws have made it quite challenging for forex companies to operate in the US. Presently, only three brokers still operate in the US forex market: Oanda, GAIN Capital LLC, and TD Ameritrade.
Below you will find a list of Forex Brokers accepting US traders as clients.
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Is it worth it to use same-day withdrawal in Forex?
Before you get too excited, there are a few things you should know if you're actually thinking about making a same-day withdrawal from your forex trading account. The first is that it may not be the best idea. You see, you just never know what could happen with the market.
What if you withdraw your capital and the market suddenly goes against your favor? You would need funds to help support your remaining positions in your account. You also need to know that same-day withdrawals may take more than a day to process, depending on the chosen method of withdrawal.
Continue Reading at Is it Possible to Have Same-day Withdrawal in Forex?
What are methods to use in same-day withdrawal?
You see, every method can be a same-day withdrawal for one person but a next-day withdrawal for another. It all depends on where you live and the restrictions placed on both your residence and your trading account. However, one thing that you can always rely on for same-day withdrawals is cryptocurrency.
If you decide to withdraw your funds into a crypto wallet, we can almost guarantee that you would receive it within the same day. In fact, it is even likely that you would receive it within a couple of hours. This also goes for withdrawals done into e-wallets like PayPal and Skrill. You should get your funds there immediately as well.
Continue Reading at Is it Possible to Have Same-day Withdrawal in Forex?
Is automatic withdrawal really exist?
Despite the fact that some brokers may advertise it, forex withdrawals are not automatic. Staff from the accounting or finance department have to approve your requests, then forward them to any payment method you choose. Obviously, your requests can only be processed during working hours.
No worries, though, because forex brokers have longer business hours than most businesses. At least, they ought to provide sufficient support for traders during forex market hours (which means 24 hours a day, from 5 p.m. EST on Sunday until 4 p.m. EST on Friday, except for bank holidays).
Continue Reading at 4 Reasons Why Withdrawal Takes Too Long
How a fixed rate help calculate deposits and withdrawals?
With a fixed exchange rate, traders can avoid constantly calculating deposit and withdrawal amounts based on fluctuating exchange rates. For example, if a broker offers a fixed rate of 1.35 USD per AUD, depositing AUD100 will consistently require USD135, regardless of the current exchange rate.
Continue Reading at 3 Reasons Why Broker's Fixed Rate is Good for You
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