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Money transfer method in trading
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That's right, usually at a broker you can transfer your funds as you like. But even if you find brokers who cooperate with each other. I would recommend that you withdraw your funds and then put them into another account. At the same time you will check the commission and how the broker breaks up with the money, i.e. the company is honest or a fraud.
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I, personally, have never tried transferring money directly between brokers without withdrawing them altogether first. I've never seen any broker mention that they would do that in their terms and conditions either.
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It is possible to transfer money within few minutes from one trading account to another if both the accounts are with the same broker. There are few brokers in the market who provides the facility of a broker to broker transfer as well.
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Originally posted by henryjorg View PostIs it possible to transfer money from one trading account to another trading account?
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Originally posted by Zuttasoxx View PostI thought so too. Turns out only gp with axi and gp with icm. Bad blood between icm and axi
Cheers,
Rod
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I believe AxiTrader, Global Prime, and IC Markets are all willing to transfer between each other.
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If transferring with the same broker, it is not a problem. If you are transferring between different brokers, it is possible as long as the sending and receiving brokers have an agreement.
Cheers,
FxTurtle
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Money transfer method in trading
Is it possible to transfer money from one trading account to another trading account?Tags: None
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