Paypal with FOREX

[hwang]

When I searched out the some of the FOREX payment options, seems like they provided paypal as one of the funding options. Does anybody use it before for funding FX account? I think this is a good payment option and paypal is the only payment processor accepted by FX broker. Example of the broker which I come across using Paypal are like Oanda and Avafx.

[titaniumhijau]

Yap. Some of forex site use paypal and not all of us love to involve with forex. I'm not sure paypal allow it and until today i still wonder about this one..

[life31]

Forex ??? Not quite sure! Think that would not be a problem. Buy HYIPS, Casinos suerly not with paypal.

But i have even heard that paypal does not like dealing ith online investments too. So forex also may be a bit risky

Better you open a support ticket with paypal rather than taking mine or any ones eles word. Thats would be much much safer

[hwang]

Based on feedback from one of my friend, brokers do accept paypal as one of the legitimate payment options. The only setback is the funding will take a lot of fees somewhere around 4% deductions.

[titaniumhijau]

Maybe the broker can accept. But i'm pretty sure that paypal not allow any forex site to involve with paypal. But i always heard if forex involve with e-gold or LR. By the way, check anything about forex company before you join. Some of them is fake..

[hwang]

Dude, if you are not sure, I suggest you better leave out this topic so that you don't give wrong information or confuse anybody. FOREX is actually not an illegal business like in HYIP or those pyramid schemes program. It is the biggest global market around similar like shares for investment. However, it is different in the sense that currency is being traded here rather than company shares or holdings.

Paypal actually allows FX broker to include Paypal as one of the payment mode. But what I'm interested to know here is that since Paypal is accepted it means that anybody can participate in the FX market and thus the topic about this idea kicks in here for us to discuss.

Maybe you can check out Oanda.com to get a better idea.

Originally Posted by titaniumhijau

Maybe the broker can accept. But i'm pretty sure that paypal not allow any forex site to involve with paypal. But i always heard if forex involve with e-gold or LR. By the way, check anything about forex company before you join. Some of them is fake..

[titaniumhijau]

Like i said before. Did you clear? Some of them is fake and many people use that to bite more poeple to fall into their trap. Thats what i mean. Thats why i ask you to find anything including the background of that company who run that forex trading especially about the payout method.

[hwang]

Fake? which one are you referring to? broker?? Check carefully, to become an eligible brokerage firm dealing and offering FOREX service, they will need to register with CFTC on yearly basis. A person who are interested in FX would not be that straight to deposit something like 250USD for margin deposit without checking the background information. Some more the regulation surrounding brokerage firm is very much regulated and controlled. Fake broker??

[titaniumhijau]

Originally Posted by hwang

Fake? which one are you referring to? broker?? Check carefully, to become an eligible brokerage firm dealing and offering FOREX service, they will need to register with CFTC on yearly basis. A person who are interested in FX would not be that straight to deposit something like 250USD for margin deposit without checking the background information. Some more the regulation surrounding brokerage firm is very much regulated and controlled. Fake broker??

Who know. Anything can be happen right?

[hwang]

Is it?
If you happen to come across one of these maybe you can highlight to us here

Originally Posted by titaniumhijau

Who know. Anything can be happen right?