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

Member Since Jul 17, 2020  3 posts garrychristians Oct 15 at 09:38
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

Member Since Jul 06, 2020  3 posts Coreyarren Oct 15 at 11:07
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

Member Since Jul 03, 2020  27 posts CanoeMussy Oct 15 at 12:48 (edited Oct 15 at 12:48 )
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

Member Since Jun 23, 2020  5 posts Johnathankim Oct 16 at 03:58
Would suggest using EUR as well with other currencies. A couple of brokers will provide you much lower spreads on these pairs.

barbarawright

Member Since Jun 10, 2020  36 posts Barbara Wright (barbarawright) Oct 16 at 10:18
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

Member Since May 24, 2020  63 posts Duktilar Oct 19 at 04:52
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

Member Since Oct 01, 2020  3 posts Lorencecolling Oct 19 at 13:26
Right, can’t skip fxview as per these rates, tickmill also follows along, a close tie, here I come too !!!!

LeviSievwright5

Member Since Jul 20, 2020  115 posts LeviSievwright5 Oct 19 at 22:37
In this case, the broker can help you the most. Contact them at the broker's chatbox to get the solution.

Hyalinclay

Member Since Jun 30, 2020  16 posts Hyalinclay Oct 20 at 05:04
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.

barbarawright

Member Since Jun 10, 2020  36 posts Barbara Wright (barbarawright) Oct 20 at 06:33
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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EURUSD 1.18155 GBPUSD 1.30205
USDJPY 104.611 USDCAD 1.31892

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