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Thread: why some forex brokers do not accept credit or debt card directly?

  1. #21
    Member vallen is on a distinguished road vallen's Avatar
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    Quote Originally Posted by tuhinsm View Post
    there are many forex broker that do not accept credit card deposit directly...what is the reason for that? i think that it is more easy to deposit via card rather than some other money procressors...
    because they fear that if their customers will not pay if the time has come for those accounts that have been lost and can not trade in forex market again, maybe that is one reason the broker

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  3. #22
    Member vallen is on a distinguished road vallen's Avatar
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    Quote Originally Posted by Amer_Alajalen View Post
    because it need high fees
    the bank which gives it will give lot fees to receive the money from outer country
    I agree with you sir, that is one reason why brokers do not accept payment by credit card is one of the reason is the high bank charges will be requested at the time of sending the funds to the brokerage firm account

  4. #23
    Banned ramjan is on a distinguished road ramjan's Avatar
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    Dear i do not know about that. but i think it costs more free. so that is why it my aim. thanks

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    Member mzohaib is an unknown quantity at this point mzohaib's Avatar
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    Will because they are afraid if you do not pay their customers directly in the foreign exchange market to spend in
    Wage and broker via credit card and as a result are not subject to losses

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    Senior Member saqib160 is on a distinguished road saqib160's Avatar
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    ma to insta forex ko use kar raha ho aur insta forex broket to debit card ko except karta ha baki broker ka to ma kuch kahe nahi sakta muje to sirf insta forex broker ka pata ha aur ja debit card ko ccept karta ha

  7. #26
    Member davi is on a distinguished road davi's Avatar
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    There are very many forex broker that have deffrence way of having the or the dont offer the service of you having to there money most they as for the online money transfer of funds and if you ahead and check them carefully they dont have a good technology of tradeing

  8. #27
    Senior Member abdulrazaq is an unknown quantity at this point abdulrazaq's Avatar
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    well i think it is not good processor to use credit card in forex there are many good proessor
    to use thats it

  9. #28
    Senior Member moon dk is an unknown quantity at this point moon dk's Avatar
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    my bro,we know that Forex is online business in which one can face both profit and loss also.Forex brokers don't accept debit card directly because they are afraid of costumers that they will not pay directly after facing loss in Forex market and the brokers don't want to undergo losses.

  10. #29
    Senior Member m.ahmed bilal will become famous soon enough m.ahmed bilal's Avatar
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    there may be allot of situations by which the brokers do not accept it.in my views the major issue is of reverse process by which the payment would sent again to the sender.for that reason they avoid it.

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    For the payment and the deposit brokers have their own choice and in the case of Forex i must say that it would be preferable for them to use the electronic way to transaction, debit and credit card usage may fails some times and they can't afford the risks at the time of payments. it loses their worth in the eye of the trader as well.

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