Lmfx

ashouq

Active Trader
Feb 21, 2017
167
14
34
34
I am using skrill and get my payments processed usually within a day or two, still a good payment deposit and withdrawal option i guess but the paypal isn't any feasible option in my opinion to fund forex brokers.
 

inggo

Banned
Jan 13, 2012
498
12
59
Philippinese
I have always said that paypal have some crazy strict policies where suspending accounts are done with ease, which many people take advantage of this despite it being true or not, so its not a best option for such online business like forex trading binary or stock. so yeah thats why many many good brokers dont offer paypal, on the other hand there are many other options out there that are easy to use such as skrill webmoney neteller etc, or simply go straight with bank wire
 

ashouq

Active Trader
Feb 21, 2017
167
14
34
34
Yeah, and we never knew when our paypal account getting limited.. ! I just had once experienced freezing of my paypal which they never activated ever..!!
 

inggo

Banned
Jan 13, 2012
498
12
59
Philippinese
hahaha just becareful with paypal, i usually simply keep my transactions there at minimum with online purchases or mainly ebay :) thats about it.
 

ashouq

Active Trader
Feb 21, 2017
167
14
34
34
Yeah maybe it is a feasible option for ebay or amazon but paypal in my opinion is not good for forex trading payment options.
 

pipedition

Trader
Nov 29, 2016
40
1
19
36
Indeed, but I think because there are only a few of decent broker so Paypal don't want to risk their reputation. However, Skrill is still getting a lot of money through Forex.
 

inggo

Banned
Jan 13, 2012
498
12
59
Philippinese
well lots of these companies do make tons of money of moving money, its the fees no matter how small it may seem, well thats business in my opinion. and we lve with it.
 

ashouq

Active Trader
Feb 21, 2017
167
14
34
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I think every business is meant for generating earnings no doubt how small they are, and thats what we the traders also seek through trading forex. We all tends to earn pips either they are small or high because at the end of day they means money.
 

pipedition

Trader
Nov 29, 2016
40
1
19
36
Seems this broker has only Skrill and Neteller as e-wallets. I just checked Skrill withdrawal and its withdrawal fee is $6.5/400, I see this is too much, how's about yours?
 

inggo

Banned
Jan 13, 2012
498
12
59
Philippinese
withdrawals has no fees as long as lmfx is concerned but the fees do come from the third party processor, and skrill does have its fees, depending on what method you use, i work with the skrill card and its good.
 

ashouq

Active Trader
Feb 21, 2017
167
14
34
34
Seems this broker has only Skrill and Neteller as e-wallets. I just checked Skrill withdrawal and its withdrawal fee is $6.5/400, I see this is too much, how's about yours?

Just my two cents, this fee is i guess reduced now as they charged more than 10$ on receiving money upto this amount i.e., 400 eur or usd.
 

inggo

Banned
Jan 13, 2012
498
12
59
Philippinese
is this for skrill? i think its a percentage that they cut from each withdrawal, its a small amount that i simply got used too, but it could vary from one country to another, and most withdrawals are processed in eur, even if it is a USD account, the conversion can be a pain sometime.
 

ashouq

Active Trader
Feb 21, 2017
167
14
34
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Yes this is for skrill and although in start they used to convert my USD withdrawals into EUR and charge conversation fees however now they simply send me my withdrawals into my local currency.
 

inggo

Banned
Jan 13, 2012
498
12
59
Philippinese
thats interesting, i think its still a local conversion from eur to local, I mean if you have a USD account it will be processed as a EUR currency then converted again to local currency, eur has very low exchange rate in my location, and it does hit hard on the total amount but i get used to it anyway,
 

pipedition

Trader
Nov 29, 2016
40
1
19
36
I think Bitcoin is much more cheaper than other payment processor but it's not easy to integrate this bom into your site, that could explode in a beautiful day and harmful for trader and broker.
 

inggo

Banned
Jan 13, 2012
498
12
59
Philippinese
hahaha I mean though bitcoin in trending in terms of trading it, but its still a very volatile unpredictable market, though some predictions say its gonna go as far as 20-30 thousand USD in the next couple of years, i even heard on bloomberg for it to be a real currency it has to breach the 1million mark, i realy dont know, but as long we make money out of it then i guess its good.
 

ashouq

Active Trader
Feb 21, 2017
167
14
34
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Yup it is gaining popularity however there are also some rumors that it might become a bubble which can also pop..! Yet its popularity is growing day by day.