Page 1 of 2 12 LastLast
Results 1 to 10 of 13
  1. #1
    Standard Member Array
    Join Date
    Nov 2012
    Posts
    26
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Question Does your broker charge you everytime you deposit and withdraw?

    Hey Guys,

    Does your broker charge you everytime you deposit and withdraw? I'm going to open live account in hymarkets... To avoid cuts please share your ideas regarding deposits and withdrawals.

    Thanks!

    Regards,
    WAterlily

  2. #2
    Gold Member Array
    Join Date
    Oct 2009
    Posts
    367
    Thanks
    0
    Thanked 807 Times in 163 Posts
    Each broker has different rules.But use only ECN broker not a regular broker.with regular broker the game is in the house,meaning not a true trade. The only way is to find ECN broker. I'm using Interactivebrokers for many years.the problem with I.B it will take you a long time to learn how to use the platform.good luck with trading

    Egaal

  3. #3
    Bronze Member Array capsmart's Avatar
    Join Date
    Aug 2011
    Location
    Greece
    Posts
    87
    Thanks
    67
    Thanked 67 Times in 20 Posts
    Usually they do not charge you when you deposit but they could charge you when you withdraw. As egaalh says each broker has a different policy. With bank transfers (instead of checks or credit card payments) usually there are no charges.

  4. #4
    Standard Member Array zamanfx's Avatar
    Join Date
    Dec 2012
    Location
    Indonesia
    Posts
    9
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Quote Originally Posted by Waterlily View Post
    Hey Guys,

    Does your broker charge you everytime you deposit and withdraw? I'm going to open live account in hymarkets... To avoid cuts please share your ideas regarding deposits and withdrawals.

    Thanks!

    Regards,
    WAterlily

    I suggest you do a thorough research about your broker first before you open a live account with them. Because it looks like you're trying to promote them and yet you know nothing about them

  5. #5
    Silver Member Array
    Join Date
    Aug 2012
    Posts
    121
    Thanks
    1
    Thanked 3 Times in 3 Posts
    I wouldn't want to register to that broker if it charge me when I deposit my money. That absolutely might turn to scam.

  6. #6
    Banned Array
    Join Date
    Nov 2012
    Posts
    174
    Thanks
    3
    Thanked 5 Times in 5 Posts
    ^
    I don't think any broker charges you when you deposit is a scammer. Just they want to earn a lot money from you

    Anyway, I don't like the broker always charges my money when I deposit or withdraw. I think a good broker shouldn't do that, trader know how broker can earn money through their trades. Losing any pennies frequently for free activities as deposit or withdrawal is super bad. Luckily, my broker doesn't charge me for those activities.
    Last edited by aventador; 12-11-2012 at 07:43 AM.

  7. #7
    Standard Member Array
    Join Date
    Nov 2012
    Posts
    26
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Quote Originally Posted by capsmart View Post
    Usually they do not charge you when you deposit but they could charge you when you withdraw. As egaalh says each broker has a different policy. With bank transfers (instead of checks or credit card payments) usually there are no charges.
    I think the broker is not the one charging but the bank i guess. Waht do you think?

  8. #8
    Standard Member Array
    Join Date
    Nov 2012
    Posts
    26
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Quote Originally Posted by duderex View Post
    I wouldn't want to register to that broker if it charge me when I deposit my money. That absolutely might turn to scam.
    Hi duderex,

    HY Markets didnt charge me when i deposited money for the investment but i think if i'll withdraw the money bank will charge me not the broker.

    Regards,
    Waterlily

  9. #9
    Standard Member Array
    Join Date
    Nov 2012
    Posts
    26
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Quote Originally Posted by aventador View Post
    ^
    I don't think any broker charges you when you deposit is a scammer. Just they want to earn a lot money from you

    Anyway, I don't like the broker always charges my money when I deposit or withdraw. I think a good broker shouldn't do that, trader know how broker can earn money through their trades. Losing any pennies frequently for free activities as deposit or withdrawal is super bad. Luckily, my broker doesn't charge me for those activities.
    Thank you for your input aventador! Happy trading and get away from scammer brokers.lol

  10. #10
    Silver Member Array
    Join Date
    Dec 2011
    Posts
    152
    Thanks
    11
    Thanked 13 Times in 7 Posts
    a properly licensed broker should not be charging hidden fees. all fees should be upfront told to you during account opening. ESPECIALLY funding or withdrawals!

Page 1 of 2 12 LastLast

Similar Threads

  1. Replies: 22
    Last Post: 05-07-2016, 01:39 PM
  2. Replies: 1
    Last Post: 09-10-2013, 06:10 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •