Possible for another to fund account

[Coco]

Hey guys,
I am going to start a forex account and I was wondering if it is possible for my brother who lives in another country to fund it via his debit card.
Waiting in anticipation for your reply!

 

[Enivid]

It depends on your broker's anti money laundering policies but, generally, it should be OK if your brother has the same last name as you.

EDIT: Even if your broker prohibits such deposits, there is a chance that they allow transfer between trading accounts. So your brother could open his own account, deposit money and then transfer it to your trading account.

 

[krecex]

Not a problem, but as you are ready to have your funds in the broker suddenly went missing.

 

[okon2much]

I think it is possible. You can open an account with Profiforex.com and give your brother the username and password, then he can fund it on your behalf. Its as simple as contacting their customer service and explain the process.

 

[james88]

I think you should contact your broker and tell them what you want to do. If you are broker has a nice customer service, then you have no problem. If not, find a broker that can help you.

 

[Master Forex IB]

No I think it is not allowed to fund in your account with other,s account. Brokers accept your funds by card issued on the name of the client who had trading account with them . they verify your identification then you are able to trade with them .They will not accept payment from any other card only the client should fund from his card.

 

[Emibluz]

If you contact your broker and tell them exactly what you wish to do, they'll let you do it. Some brokers will ask for your identification documents though.

 

[Rambo35]

I have never met a broker who allows you to do that, but you may find a shady outlet who does not care as long as they can take money from you.