Forex Brokers That Accept Voguepay Payment Method for Deposit and Withdrawal

Despite the fact that some brokers may advertise it, forex withdrawals are not automatic. Staff from the accounting or finance department have to approve your requests, then forward them to any payment method you choose. Obviously, your requests can only be processed during working hours.

No worries, though, because forex brokers have longer business hours than most businesses. At least, they ought to provide sufficient support for traders during forex market hours (which means 24 hours a day, from 5 p.m. EST on Sunday until 4 p.m. EST on Friday, except for bank holidays). 

Continue Reading at 4 Reasons Why Withdrawal Takes Too Long

1. IC Markets: If you fund your capital using Skrill on IC Markets, it will be processed instantly, but they only accept AUD, USD, JPY, EUR, SGD, and GBP currencies.
2. FP Markets: In this broker, Skrill payments only accept USD, EUR, and GBP currencies.
3. FBS: Skrill deposits are free, but there's a 1% commission for withdrawals.
4. HF Markets: The minimum deposit is $10 and will be processed within 10 minutes with no fee.
5. OctaFX: If you keep your funds in your Skrill account in Euro, depositing the OctaFX Euro account requires no conversion.
6. Vantage: Payment using Skrill in this broker only accepts USD, EUR, GBP, and CAD currencies that will be processed within 24 business hours.

Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose

Changing your Internet Protocol (IP) address, like a computer's or device's "location address" for data transmission, can raise concerns in forex trading. Forex brokers may view traders with a pattern of using different IPs for various trades as suspicious. This practice might result in brokers sending warning notifications or even rejecting withdrawal requests for these traders.

Continue Reading at Top 3 Forex Broker Rules Most Violated by Traders

Legitimate brokers may decline withdrawal requests if traders have an ongoing trading position, often called a floating position.  Additionally, many brokers prohibit withdrawals with floating positions because removing funds can significantly reduce the free margin in your account, leaving you more vulnerable to a Margin Call (MC).

Continue Reading at Top 3 Forex Broker Rules Most Violated by Traders