It's too expensive for them or they don't need it. There are alternatives to PayPal, for example, Skrill (moneybookers) etcHello everybody
My question is about deposit methods in Forex, why most of the brokerage such as exness.com or fibo.com doesn’t have PayPal, but some other like fxglory.com or etoro.com has got? Does it mean that PayPal doesn’t trust these companies?
Do you mean a broker card? Mine has such a card too but I still doubt if it's a great idea to open it. Though, it doesn't influence my trading yet. What can you say about such card - do they really more comfortable??Paypal, in my opinion, is not a feasible option for paying deposit to forex brokers. I have been using skrill for deposits and withdrawals to my brokers and now i had noticed that hotforex has introduced new master card which seems a legit option and good alternative to skrill. I have applied for it and let see how it goes! At least it will not charge too much like skrill does for converting USD to EUR before withdrawing to local bank and others etc.
Hello, Winjak. it won't influence your trading in any case, but depositing and withdrawing will become a bit more comfortableDo you mean a broker card? Mine has such a card too but I still doubt if it's a great idea to open it. Though, it doesn't influence my trading yet. What can you say about such card - do they really more comfortable??
It depends a lot on where the company main business location is and whether the company is ready to pay PayPal's rather high fees. For example, some US regulated brokers do not work with PayPal too. That does not mean that they are not trusted.
//----So what they use to pay clients?
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hey garena.... its just like enivid said.... but the debit card withdrawal option is only available up to the amount that was originally deposited using that card......
so if someone deposits 1000 and makes 2000.... only 1000 can be withdrawn using the debit card option.... the rest must be a check or wire..... a bitter sweet bit of a pain....
withdrawals, and only that, are really my only annoyance with the way remaining forex brokers available to us operate.... hopefully it will improve.....
etradefx was a branch of etrade bank.... it allowed almost instant transfer of all funds.... so you could be spending the money 30 minutes after you made it.....h
I think Skrill is a trustworthy company, I used their services in 2009 and still use it.I see most trader withdraw the profit with e-money as Skrill, Neteller or something else. It's reason why most brokers have Skrill as an default payment method.
I think Skrill is a trustworthy company, I used their services in 2009 and still use it.
So, I think many people do the same. Why not? It's reliable and secure
HeyI have also user Skrill from 2012, 5 years and in the past, it's an excelle payment service but I see after being bought by Neteller, Skrill now is only a good, it is still better than most payment methods but there are many things to complain.
Hello everybody
My question is about deposit methods in Forex, why most of the brokerage such as exness.com or fibo.com doesn’t have PayPal, but some other like fxglory.com or etoro.com has got? Does it mean that PayPal doesn’t trust these companies?
We do not offer PayPal because clients would not use it too much. We rather offer Neteller or Skrill to our clients.
No high demand is our reason for not offering, to answer your question.
On the contrary, he said that NOT many people use it, that's why it's no need to offer this payment system. For example, 10o of traders use Skrill, and only 2-3 use PayPal. So, there is no sense to stay with it.I don't understand this reply? Why is it a problem if people use paypal too much