Forex account replenishment.
Funding a Forex trading account may seem like a simple process, but it can sometimes raise a lot of questions for novice traders.
However, if you don't take certain nuances into account, you can actually run into difficulties.
Visit any broker's website and compare the number of payment systems available for depositing funds to the number available for withdrawing funds.
The latter are usually at least half as numerous, and the explanation for this situation is quite simple – purely technical.
For example, to top up your account with a plastic card, you only need to use the software installed on the broker's website. The entire process is automated. However, to withdraw money to your card, you will need to use manual mode. That is, a broker employee must manually send the money to your card.
Some other payment systems work similarly, so before choosing a method for replenishing your Forex account, first look at the available withdrawal options.
In addition, consider the following points:
• Withdrawal speed - regardless of the broker, money flows completely differently. For example, a bank transfer takes 3-5 days, while WebMoney arrives almost instantly. And as you know, money is always needed as urgently as possible.
• Currency - previously, the broker's internal conversion rate for the Russian Ruble to other currencies left much to be desired, but now it is simply exorbitant. Therefore, it is better to immediately top up in the deposit currency. However, this is not always possible; for example, Yandex Money only works with the ruble.
• Commission size - also varies quite a bit, it can be fixed - $40, like with a bank transfer, or a certain percentage of the amount from 0 to 3%. Sometimes it seems like a small thing, but losing a couple of hundred every month out of nowhere is also undesirable.
• Convenience of cashing out - you can save on the transfer, but later it turns out that in order to get cash in hand, you need to pay an even larger amount. Therefore, when choosing, take into account all commissions.
Replenishing an account for Forex trading is not difficult at the moment, the main thing is to remember to pay attention to who you are going to cooperate with; giving money is much easier than getting it back. It is recommended to open accounts only with the largest brokerage companies
