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New trader here! Can we do funding and withdrawals with multiple currencies?

garrychristians
Oct 15 2020 at 09:38
35 posts
just switched to a part time job from full time. Planning to use this time for forex trading and have already started looking for the discussion threads with other traders. Haven’t decided on the currencies to use (USD or CAD or GBP or 2 together not sure with this). Are there any possibilities to deposit and withdraw with different base currencies?

Thanks for your suggestions!

Coreyarren
Oct 15 2020 at 11:07
28 posts
I am not getting your question here, there’s definitely a multi currency account if that’s what you are talking about. You can hold multiple currencies in that. I would say you should contact your bank that you're gonna be using.

CanoeMussy
Oct 15 2020 at 12:48
37 posts
Had the same thought! Having a multi currency account gives greater freedom to trade with favorable exchange rates. Do check with your broker if it’s a possibility.

Dealing with a 0 commission broker is another cherry on the cake.

Johnathankim
Oct 16 2020 at 03:58
29 posts
Would suggest using EUR as well with other currencies. A couple of brokers will provide you much lower spreads on these pairs.

Barbara Wright (barbarawright)
Oct 16 2020 at 10:18
37 posts
I just checked the forex spreads list, try fxview for EUR/USD, GBP/USD, best imo, what others have to say?

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Duktilar
Oct 19 2020 at 04:52
112 posts
Johnathankim posted:
Would suggest using EUR as well with other currencies. A couple of brokers will provide you much lower spreads on these pairs.


I can only support and really believe that in this regard you are absolutely right.

Lorencecolling
Oct 19 2020 at 13:26
49 posts
Right, can’t skip fxview as per these rates, tickmill also follows along, a close tie, here I come too !!!!

LeviSievwright5
Oct 19 2020 at 22:37
298 posts
In this case, the broker can help you the most. Contact them at the broker's chatbox to get the solution.

Hyalinclay
Oct 20 2020 at 05:04
17 posts
barbarawright posted:
I just checked the forex spreads list, try fxview for EUR/USD, GBP/USD, best imo, what others have to say?


Thanks for the info! But my question is still on multiple depositing and withdrawal options. Any idea if it serves that purpose too? Don’t know about it, will do some research before using.

Barbara Wright (barbarawright)
Oct 20 2020 at 06:33
37 posts
Hyalinclay posted:
barbarawright posted:
I just checked the forex spreads list, try fxview for EUR/USD, GBP/USD, best imo, what others have to say?


Thanks for the info! But my question is still on multiple depositing and withdrawal options. Any idea if it serves that purpose too? Don’t know about it, will do some research before using.


No doubt about it, haven’t used it personally though. They do offer multiple funding and withdrawal options in different base currencies.

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