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I looked at the website, is it true that you need to email them a form each time you want to withdraw? That seems like a hassle, especially if you're someone whose going to be withdrawing bi-weekly like me
Are there any brokers who use Paypal, or just wire the money to your bank account?
I looked at the website, is it true that you need to email them a form each time you want to withdraw? That seems like a hassle, especially if you're someone whose going to be withdrawing bi-weekly like me
Are there any brokers who use Paypal, or just wire the money to your bank account?
Thanks
Every serious broker will ask you some proof documents to valid your ID when you whithdraw, at least some paper with your signature.
If you want to withdraw your money every twoo weeks choose a broker with lows fees for money transfer.
And about second question I don´t know about a broker that do not offers to transfer your money via wire to your bank account.
I just read the whole thread, looking for decent brokers and Tradeview sounded good. An IB for RCG.
But this is in their user agreement..
"Customer hereby acknowledges and agrees that a situation may arise whereby RCG or an officer, director, member, partner, affiliate, associate, employee, bank, bank employee or dealer, associated with RCG, may be the opposing broker for a trade entered for Customer’s account. "
Bucket shop?
Because this is what it says on the site (but dated feb 18th 2008)..
"Tradeview Forex (TradeView Forex | Online Currency Trading |), an online foreign currency trading (forex) division of Rosenthal Collins Group, today announced the successful launch of straight-through processing (STP) to optimize the speed and efficiency of its transactions. The utilization of STP will provide hedge funds, institutions, money managers and private clients with an abbreviated processing cycle and access to the liquidity of a global market.
Recognizing the necessity to facilitate a real-time architecture in order to meet the global demand resulting from the significant growth of online trading, Tradeview Forex has chosen to automate its systems using a straight-through processing framework to realize a real-time operating environment as well as reduce the time, cost and associated errors of manual intervention.
The move enables the entire trade process to be conducted electronically without the need for re-keying or manual intervention, making Tradeview Forex one of the earliest adopters of this all-digital system to connect the popular Metatrader 4 online trading platform directly to the forex market."
I haven't asked Tradeview about this yet. I contacted RCG to see what they say.
I heard one of the people running Tradeview used to work at 1World. This does not fill me with joy.
But I am inclined to think it is outdated wording in their contract - what does everyone else think?
I have been speaking to a rep at Tradeview for about a week. The guy seems like he knows his stuff. we have gone over this question breifly and the conclusion that i drew is that any electronic broker claiming to be stp would still have to have something like that in thier contract in case of a technology issue. i.e. if for some reason the direct link to their liquidity providors went down they would have to hold some risk on the trade while the link was fixed.
Also tradeview IS RCG not an IB. Its some kind of branding thing that RCG does when it sets up certain divisions.
I also asked about One World connection and apparently some of the sales team including sales manager used to work there. which essentailly means hard working people that lost thier jobs and their entire cleint books when oneworld went under as a former salesman for ML i can really appreciate how much that would suck.
ODL is a reputable broker with good specifications such as paying interest of 2.0% to unused margin, but the problem with this good MT4 broker is that it will close all orders in midnight to calculate swaps; this means that they will charge the spread every night
as a former salesman for ML i can really appreciate how much that would suck.
Linear Mode
