Originally Posted by
rismoney
Anyone have experiences using different Forex services online? Many of them claim credit card funding, sometimes up to 10k a shot. Have people funded and issued subsequent ACH x-fers out, without trading, or doing some sort of minimal activity to avoid scrutinies? Also would be cautious of CA.
It depends on the broker. Most of them require withdrawal back to the same card. There were a lot of companies in US in the past, now many of them are purchased by FXCM. Not a good sign for investors.
I am quite certain that FXCM credit card deposits are coded as purchases. Not sure about how they let you withdraw.
Oanda is definitely bad. They require withdrawal to the same card up to 125% of deposit. So if you make some money trading, you will have to lose some miles.
There was a broker called FxClub. I could fund by credit card and then wire out the next day, so I get my money even before the transaction posts.