Hi, I am thinking of starting an ECN Account with Alpari, since they are reliable, from what I have researched, and I would like to have some inputs on ways to deposit and withdraw to/from a forex account. I find that this issue is really confusing and I keep thinking about the commissions that will be charged for both deposit and withdrawal.
- [B]Bank wire transfer[/B]
I don’t think that Alpari will work with Bank of America, since it states specific banks.
- [B]Credit/Debit Cards[/B]
Last resort to deposit. The commission, however, is 2.5%. That’s kind of alot if I’m going to deposit a good sum of money. And there is no option of withdrawal for credit/debit cards, so I am not sure if I can withdraw to my card.
- [B]Electronic Payments[/B]
Now, there are other ways to deposit and withdraw through some electronic payments company, such as Skrill, Neteller, Fasapay, etc.
- [B]Skrill[/B]
2.9% Deposit
-
Withdrawal
Skrill to Alpari
0.9% + 0.29 EUR Deposit
1% Withdrawal
Well, that’s another high commission and it’s not a good idea being charged twice; you to Skrill, Skrill to Alpari.
- [B]Fasapay[/B]
0% Deposit
$30-50 Withdrawal
Fasapay to Alpari
0.5% Deposit
0.5% Withdrawal
This was my first option as it has the lowest commission and seems simple enough. But the last time I checked with Fasapay, they are not accepting account with USD yet. So, it’s out.
- [B]Neteller[/B]
2.5% Deposit
7.5 EUR Withdrawal (Bank Transfer)
$3.95 Withdrawal (ATM by Neteller Card)
Neteller to Alpari
2.5% Deposit
Commission Fee Withdrawal
Another high commission, but I guess if I want to use their services, I have to pay.
I am going to check with Alpari on credit/debit cards method next week.
But what are your suggestions? Or probably you guys know any other broker that is very convenient in this transactions?
Thanks in advance!
Best,
Kevin