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Digital Payment Options in Online Trading

Due to a rise in online trading, it is evident that the demands for alternate deposit/withdrawal options have rapidly increased. Previously, the most popular method used by forex brokers was through bank wire transfer and debit/credit cards.

As the popularity of forex trading has expanded we have seen a direct correlation to a rise in forex brokers. Every broker is working to gain the extra edge over their competitors. This has resulted in improved spreads, better trading conditions, and more transparency from the brokers.

“The forex market offers a unique opportunity for brokers to diversify their clients from around the globe.”

The evolution of the forex market is still in its infancy. As we know the lifetime of any business is its customers. The forex market offers a unique opportunity for brokers to diversify their clients from around the globe. It also allows for those same clients to open their trading accounts with any broker they feel meets their requirements. This option creates a very competitive environment between brokers.

While the demand for online money transfers has risen, the numbers of fraud cases associated with this have increased as well. The majority of forex market customers are not completely comfortable using e-wallets, as many of them have witnessed the havoc that resulted from Liberty Reserves closing without notice.

As the rules and regulations to operate any online money transferring business have become stricter, we have seen the number of clients using e-wallets again increase.

Listed below are some safe and reliable money transferring options:

  1. Skrill (also known as Moneybookers): One of the world’s most trusted digital payment options since 2001 that is used by most Forex brokers and their merchant websites worldwide.
  2. Neteller: created in 1999 and has become actively used by most brokers since 2011.
  3. OKPAY and ECOPAYZ: both used in hundreds of countries and dozens of currencies.

As the use of cryptocurrency such as Bitcoin has increased, it has become evident that an increasing number of people are using it to make online money transfers.

At Tradeview we understand the difficulties that come with transferring money between different currency jurisdictions. This is why we put forth our best effort to offer our clients as many online money transferring options as possible.

Ashutosh Gedamkar
Account Manager India

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Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.