What is the best way to fund your trading account?
From the three main methods – via credit/debit card, bank wire and eWallet, without a doubt using eWallet payments is the best option for the following reasons:
- Cheaper transaction costs: Most forex brokers do not charge any fee. In other words, the transaction costs when you make a deposit are covered by the forex broker. Also any withdrawals you request also carry a smaller transaction fee than other methods.
- Safe to use: Using eWallets can help to safeguard your money. It is easy to request or dispute your transaction if you genuinely find that the forex broker has scammed you. eWallets are known to arbitrate on your behalf and the service comes at no extra cost.
- Quick processing times: Depositing (and withdrawing) is usually faster when requested via eWallets as it is almost instant in most cases. The best part is that you can actually link your credit or debit card or even your bank account to your eWallet and use it.