Forex Brokers That Accept Sticpay Payment Method for Deposit and Withdrawal
Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.
The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.
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There are several reasons why your withdrawal might be failed:
- Your funds might be lower than the minimum withdrawal amount.
- You haven't completed the required documents.
- There are still active positions in your account.
- Your broker might be a scam.
Continue Reading at Having Broker Withdrawal Issues? Don't Be So Quick to Judge
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
Why do bonus withdrawal requirements sometimes not make sense?
Let's say you just signed up for a no deposit bonus program and got a $100 free capital. You then use it to trade and earn a $25 profit. What is the so-called bonus profit? The correct answer, of course, is $25.
If you want to draw the $100 bonus, there will be more requirements that are usually hard to comply with.
For example, to withdraw the bonus, you have to trade this lot before the bonus term ends:
(bonus amount) x 3 lots
So if the reward you get is $100, then you need to trade 300 lots!
Such a huge trading size is not ideal for retail traders aiming for trading with minimal risk. If you end up pushing yourself, more often than not you'll get a margin call first before hitting the 300 lots required.
Continue Reading at How to Avoid Bonus Withdrawal Problems
How to avoid withdrawal problem with your broker?
Do online research of the broker. Not only do you need to know what types of payment methods are available, but you also need to read all of the fine prints of the documents before you register. Ask customer service about the procedures and conditions for withdrawing funds if necessary, especially when the information is not available on the official website.
Even if your first withdrawal was a success, it is necessary to withdraw regularly. Don't let the funds build up too much in your trading account.
Continue Reading at Having Broker Withdrawal Issues? Don't Be So Quick to Judge
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