Being a newbie in Forex, I find it very difficult to accept/believe in Wiring Money to some offshore company without proof of their existence, without proof they will acknowledge the money and without proof they will ever remit the money back when asked.
I found heaven in Credit Card.
This is why I transact only with Brokers that offered CC funding option. Very convenient for me - no need to pay additional wire fees. Very safe: I can dispute against the merchant if they scam me.
I have thus far traded with FXCM and UFXBank. I find no problem with FXCM; they processed my withdrawals. UFXBank is the opposite who initially refuses to process my CC withdrawals until perhaps they realized they cant win against a CC dispute. My profits is still there though. I stand little chance of getting it back. What do you expect of a scam?
My first Major FX decision was golden. I was nearly cheated by a broker of my money and thanks to Credit Card, I was protected.
I have been wondering from one forum to another and all I hear are traders asking fast execution, low spread, yada yada yada. it seems they all dont care about safety of funds?? In my little wisdom, I'd prefer Credit Card accepting broker FIRST before thinking of other features.
I hope my little experience would help you decide in the future.
I found heaven in Credit Card.
This is why I transact only with Brokers that offered CC funding option. Very convenient for me - no need to pay additional wire fees. Very safe: I can dispute against the merchant if they scam me.
I have thus far traded with FXCM and UFXBank. I find no problem with FXCM; they processed my withdrawals. UFXBank is the opposite who initially refuses to process my CC withdrawals until perhaps they realized they cant win against a CC dispute. My profits is still there though. I stand little chance of getting it back. What do you expect of a scam?
My first Major FX decision was golden. I was nearly cheated by a broker of my money and thanks to Credit Card, I was protected.
I have been wondering from one forum to another and all I hear are traders asking fast execution, low spread, yada yada yada. it seems they all dont care about safety of funds?? In my little wisdom, I'd prefer Credit Card accepting broker FIRST before thinking of other features.
I hope my little experience would help you decide in the future.