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

Oct 15, 2020 at 09:38
1,820 Angesehen
22 Replies
Mitglied seit Jul 06, 2020   28 Posts
Oct 15, 2020 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.
Mitglied seit Jul 03, 2020   37 Posts
Oct 15, 2020 at 12:48 (bearbeitet Oct 15, 2020 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.
Mitglied seit Jun 10, 2020   37 Posts
Oct 16, 2020 at 10:18
I just checked the forex spreads list, try fxview for EUR/USD, GBP/USD, best imo, what others have to say?

Anhänge:

Mitglied seit Oct 01, 2020   49 Posts
Oct 19, 2020 at 13:26
Right, can’t skip fxview as per these rates, tickmill also follows along, a close tie, here I come too !!!!
Mitglied seit Jul 20, 2020   298 Posts
Oct 19, 2020 at 22:37
In this case, the broker can help you the most. Contact them at the broker's chatbox to get the solution.
Mitglied seit Jun 30, 2020   17 Posts
Oct 20, 2020 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.
Mitglied seit Jun 10, 2020   37 Posts
Oct 20, 2020 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.
Mitglied seit Jul 19, 2020   318 Posts
Oct 30, 2020 at 11:22
New traders should be very careful about picking the trading methods. Every trader has different qualities. So, it is very important to choose the best trading method according to his area of abilities.
Mitglied seit Jul 20, 2020   232 Posts
Nov 02, 2020 at 12:14
GeorgeBischof posted:
New traders should be very careful about picking the trading methods. Every trader has different qualities. So, it is very important to choose the best trading method according to his area of abilities.
I agree with you. Most new traders lose their money because of choosing wrong trading methods in the forex market.
Mitglied seit Apr 01, 2020   231 Posts
Nov 04, 2020 at 10:18
Surely, you can get help from your broker in this regard.
Mitglied seit Apr 15, 2020   83 Posts
Nov 04, 2020 at 12:50
From my own experience, I can say that I have never had any problems with withdrawing funds with the Amarkets broker, but even in such situations and controversial issues, there are managers who can really help and give practical advice.
Mitglied seit Oct 05, 2020   40 Posts
Nov 05, 2020 at 04:12
Seeing the volatility of the forex markets, it’s crucial to choose a right pair. Diversify your investments in multiple pairs to ensure good returns. I am using USD/JPY, GBP/USD, USD/CAD, NZD/USD with fxcm. I am not much worried about one or two of them diving as I eye on others that are performing well at the same time.
Mitglied seit Jun 10, 2020   37 Posts
Nov 05, 2020 at 07:43
Building a trading plan with one pair is much easier. I suppose it’s more risky to use CHF as it is under strict manipulation with swiss banks. It also becomes a bit hard for non-usual traders. I am only using EURUSD with Fxview. Though it’s too volatile, choosing the right trading time windows come in handy.
Mitglied seit Oct 08, 2020   29 Posts
Nov 06, 2020 at 03:47
USDAUD, I hate the most , never worked for me.
Mitglied seit Nov 16, 2020   16 Posts
Nov 30, 2020 at 10:12
More than regulation, I care about the reliability of the trading platform. If a broker is reliable, I would love to use it.
Mitglied seit Jul 27, 2020   81 Posts
Dec 03, 2020 at 12:34
Definitely, the reliability and safety of the broker are the main components that should not be taken into account.
Mitglied seit Jul 20, 2020   341 Posts
Dec 07, 2020 at 12:07
New traders should gain proper knowledge before starting their trading career. Without knowledge, they can not survive in this risky market.
Mitglied seit Nov 17, 2020   19 Posts
Dec 30, 2020 at 03:57
You should know the importance of learning and getting all the information about trading in order to start with it.
Mitglied seit Jul 23, 2020   869 Posts
Aug 07, 2021 at 15:04
I don’t think brokers allow funding and withdrawals with multiple currencies. You should contact your broker support.
Mitglied seit Jul 23, 2020   759 Posts
Aug 07, 2021 at 16:26
I also agree with you. Demo trading is the best way to learn.
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