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

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!

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.

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.

Would suggest using EUR as well with other currencies. A couple of brokers will provide you much lower spreads on these pairs.

I just checked the forex spreads list, try fxview for EUR/USD, GBP/USD, best imo, what others have to say?

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.

Right, can’t skip fxview as per these rates, tickmill also follows along, a close tie, here I come too !!!!

In this case, the broker can help you the most. Contact them at the broker's chatbox to get the solution.

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.

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.

barbarawright posted:

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.

What about the FCA regulation mate? And others too?
If fxview isn’t regulated, there’s no point in even including it here.

Numeromatt posted:

What about the FCA regulation mate? And others too?
If fxview isn’t regulated, there’s no point in even including it here.

I beg to differ here.
Fxview is regulated by FCA and Cysec too, can verify from here:
https://register.fca.org.uk/s/firm?id=0014G00002T4dLOQAZ
https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/81661/
This is a sense of breeze for traders fearing about any financial insolvencies.

Thanks, I will take your point.

Sure thing, thank you @LeviSievwright5

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 do that, but I am afraid of the European risk appetite due to Corona threat. Reading the news lately and seeing the euro breaking down further.

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.

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.

You know how they say, take more time to sharpen your axe before cutting a tree.

Johnathankim posted:
Would suggest using EUR as well with other currencies. A couple of brokers will provide you much lower spreads on these pairs.

As per financial analysis, EURUSD is the most popular pair. No seconds in including it with other pairs.