Most brokers have base currency in - GBP USD EUR etc. What happens when the country you reside is not among the major currencies and you request withdrawals.
Do local banks convert the amount sent in base currency by the broker & credit the local bank account ?
Or do brokers convert the base currency into customer's currency and initiate the withdrawal transfer in the same currency as customer's local bank account ?
Do local banks convert the amount sent in base currency by the broker & credit the local bank account ?
Or do brokers convert the base currency into customer's currency and initiate the withdrawal transfer in the same currency as customer's local bank account ?
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