about payment

[pochis40]

I know sufficiently the technical analysis, but what about the Forex I'm an "absolute beginner", so forgive me the naivety of my question.
After reading many forums, I have not understood a thing.
Let's say I buy Megadroid, I download MetaTrader and I open a small account with Alpari UK.
If, for example, I earn say 30 euros a month (just to give an example), how do I get paid by Alpari UK?
I would not use my (unique) current account. Should I open a small account in these online banks (just to make and receive transfers)? Or is there a different method, perhaps more simple? In what way did you resolve the problem?
Thanks

 

[Enivid]

With Alpari you can get paid either to your bank account or to your credit/debit card.

 

[pochis40]

thank you very much for the information
bye

 

[Fxpipper]

Yes, that's correct and you can check up with Alpari's online CS for additional info..remember, you may not be able to withdraw your funds directly to your card, in case of restriction. So check up with the CS for the very latest info..

 

[pochis40]

thanks for the info.

 

[Fxpipper]

No prbs!

Glad to have helped!

 

[humie]

thanks for your informations that you share with us

 

[euromoney]

very interesting, thanks

 

[Fxpipper]

Not at all, and hey, the above info holds true for all brokers. Rule of the thumb: If a broker says that you cannot withdraw the funds to your bank or card and that they will mail you a check, start running for the hills..

 

[Fxpipper]

Here's the difference between the two, start running - indicates instinctive action where as "begin running", implies a well thought action. When a scam prop starts hanging around, hoping to draw you into one of his pyramid schemes, it is always good to just follow your gut instincts and start running.
But it is all in the semantics..

 

[inggo]

Im not so sure about alpari UK but i may share and hopefully this can be help full each forex broker have a set of different way to pay their clients/traders some use direct bank transfer, other goes through online money processors such as money bookers and paypal,

for example i trade with hotforex and when withdrawing my money i fill up a withdrawal form for moneybookres (the form can be downloaded at you hotforex account) i fill up the form and scan it and send it to the withdrawal sections (manual trasactions) then after a couple of hours my money is in my moenybookers account and from there i withdraw it to my bank account. the whole transaction costs me around 1.8 euros for 300-400 dollar amounts.

another thing is and im not sure all brokers offer this but they have this debit card a hotforex debit card that you can use to withdraw money 🙂

i guess it all depends on the brokers and im pretty sure alpari have their set of options and one of them will suit you 😀 best of luck and welcome to forex 🙂

 

[mingbao]

very good question, actually it consists of two major steps.
what 3rd party payment gateways your broker support and how effective is your 3rd party payment gateway.

the more payment gateways a broker support, the more flexible you will be.

 

[Fxpipper]

On the card option, not advisable unless you really need your funds right away. Here's why, most cards carry hidden charges so by the time you get your funds, they are whittled down to almost nothing.
The bank option sounds much better..

 

[inggo]

thanks for the heads up fxpipper, it reminds me about how banks work here, its easy to apply for a credit card they will make it realy smooth untill you get caught in all them hidden charges hahaha I'll stick me wothdrawal methods i guess

 

[Fxpipper]

No problem and hey,welcome to my world..still remember trying to withdraw my micro earnings from a micro account and I was so pleased I was going to get my funds and guess what, by the time I got it - a huge chunk had gone AWOL..
That was way back and I was just fresh out of school, learned my lesson - cards are never good for much other than the online website purchases..

 

[lfservices]

Today Forex investment is one of the biggest financial market
in the world which cover 1.8 trillion dollar market. Because of this it is attracting more and more investors towards itself.

 

[Fxpipper]

Kindly do not spam the boards

Today Forex investment is one of the biggest financial market
in the world which cover 1.8 trillion dollar market. Because of this it is attracting more and more investors towards itself.

Thanks for the forex 101 but the info is already known to us. However, feel free to contribute on the topic rather than spouting general info, nothing personal but your latest post could be considered as spam. Good luck trading!

 

[Mase1965]

I know sufficiently the technical analysis, but what about the Forex I'm an "absolute beginner", so forgive me the naivety of my question.
After reading many forums, I have not understood a thing.
Let's say I buy Megadroid, I download MetaTrader and I open a small account with Alpari UK.
If, for example, I earn say 30 euros a month (just to give an example), how do I get paid by Alpari UK?
I would not use my (unique) current account. Should I open a small account in these online banks (just to make and receive transfers)? Or is there a different method, perhaps more simple? In what way did you resolve the problem?

It's great that you're diving into Forex trading! I understand that starting can be a bit overwhelming, but I’ll try to break it down clearly for you.

Once you earn money on your trading account, like the 30 euros per month in your example, you can usually withdraw your earnings through a few different methods, depending on what options Alpari UK provides. Here's how it typically works:

1. Bank Transfers: Alpari UK will allow you to link a bank account for withdrawals. This is often a simple method where the money is transferred directly to your personal or business bank account.
2. Online Payment Systems: Some brokers offer alternative withdrawal methods such as PayPal, Skrill, or Neteller. If you don't want to use your personal bank account, you could open an account with one of these online payment providers, which might offer a bit more privacy and ease for international transfers.
3. Cryptocurrency: Depending on the broker and your location, you might be able to withdraw via cryptocurrencies (like Bitcoin), which could offer more flexibility and lower fees for transferring your earnings.

Most importantly, check the withdrawal options on Alpari UK's platform. They'll have specific guidelines for each method, including fees and processing times. It's always a good idea to read their terms carefully, especially when it comes to withdrawal limits or any requirements for account verification.

 

[rmufti68]

It's great that you're diving into Forex trading! I understand that starting can be a bit overwhelming, but I’ll try to break it down clearly for you.

Thank you for taking time clearing the understanding but i think you didn't realised that you have bumped this thread after a decade.