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Forex Brokers That Accept Wire Transfers Payment Method for Deposit and Withdrawal

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Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

The downside of using wire transfer is it will take more time to accomplish the process. Usually, the process takes about 1 to 5 business days. This method also requires a decent cost. So, if you commit using this payment method, you need to be patient and consider not making frequent transactions.


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Additional FAQ

There are several ways you can determine whether a broker is problematic or not. After all, there are some conditions that may not be the broker's fault. Here are the ways you can do:

  1. Determine the problem first. Is it really the broker's fault, or are there other factors involved?
  2. Make sure you have followed the rules. If you did, but still encounter issues, then it might be the broker that is the cause. 
  3. Ask the broker's customer support, with some proofs.
  4. Consult with other traders.

If it's proven that the broker is the root of the problem, take immediate action and look for another reliable broker.

Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps

Accordingly, there are two major reasons why many forex brokers opt for multiple licenses:

  1. To comply with regulatory frameworks in the countries where they offer trading services.
  2. To maintain market integrity and build investor confidence in the company.

Continue Reading at Guide to Forex Brokers with Multiple License

The easiest way to check a broker's registration is to look at the bottom of their website or click the "About Us" button. Regulated brokers are required to include their regulatory information as well as proper risk disclaimers on their websites, so it should be easy to find.

The next step is to double-check the authority that regulates the broker. You just need to visit the website of the governing body and search for the broker's registration number.

Continue Reading at How to Ensure Your Broker is Trustworthy

Here's what it means to be an ASIC-licensed forex broker currently:

  1. All ASIC-licensed forex brokers are required to hold at least AUD1 million in operating capital.
  2. Like FCA, ASIC will monitor the company continuously to ensure segregation of client funds, periodical report and audit, efficient management including AML and KYC procedures, and proper risk disclosure for clients.
  3. ASIC Forex brokers are not allowed to have any conflict of interest with their customers. This is the reason why Australian Forex brokers usually offer direct market access through ECN or STP facilities.
  4. ASIC allows leverage for forex and CFD trading up to 30:1.

Continue Reading at UK FCA vs ASIC, Which Forex Regulator is More Reliable?


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