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credit card deposits with futures brokers
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credit card deposits with futures brokers

  #1 (permalink)
Elite Member
france
 
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mea109's Avatar
 
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credit card deposits with futures brokers

I have a very original strategy that requires instant deposits.
With CFD and spot forex brokers usually credit card deposits are made possible. However, regarding futures brokerage firms it's definitely NOT the norm...

Are you aware of futures broker, whatever part of the world (I prefer Europe or Asia based but N. America or anywhere would be fine), that would accept deposits and withdrawal of funds by credit or debit cards, by any chance ???

Thanks in advance

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Bay Area California
 
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By no chance. This does not exist.

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  #4 (permalink)
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Slovakia
 
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mea109 View Post
I have a very original strategy that requires instant deposits.
With CFD and spot forex brokers usually credit card deposits are made possible. However, regarding futures brokerage firms it's definitely NOT the norm...

Are you aware of futures broker, whatever part of the world (I prefer Europe or Asia based but N. America or anywhere would be fine), that would accept deposits and withdrawal of funds by credit or debit cards, by any chance ???

Thanks in advance

Futures brokers accept deposits only by bank wire

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  #5 (permalink)
Elite Member
france
 
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Too bad.

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  #6 (permalink)
Trading Apprentice
aceh+indonesia
 
Futures Experience: Beginner
Platform: metatrader
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mea109 View Post
I have a very original strategy that requires instant deposits.
With CFD and spot forex brokers usually credit card deposits are made possible. However, regarding futures brokerage firms it's definitely NOT the norm...

Are you aware of futures broker, whatever part of the world (I prefer Europe or Asia based but N. America or anywhere would be fine), that would accept deposits and withdrawal of funds by credit or debit cards, by any chance ???

Thanks in advance

Deposit uisng credit card??
liteforex broker have make new improvement, they allow all its clients to be able to deposit using bank card..
it's great improvement of liteforex companies

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  #7 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
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Obelixtrader View Post
Futures brokers accept deposits only by bank wire

I don't know about France but a wire transfer is an immediate transfer in the U.S.
The bottle neck is usually with the broker since most of them go through a Clearing firm.
The process of adding the money to your account and then notifying the broker may take hours or days depending on the broker/clearing firm.

You may want to message @mattz at Optimus Futures (member here on futures.io (formerly BMT)) and ask him how quickly this transfer can occur.

However, it seems to me that if your strategy needs 'immediate' cash transfer, you should just deposit enough into the account to cover the strategy. Sounds like a possible scam or severe under capitalization.

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  #8 (permalink)
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From France to any European country a wire takes 24 hours, it can be a bit longer to US.
I don't understand why a strategy would require instant deposit, the sentence doesn't make sense.

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  #9 (permalink)
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Sorry cannot tell more about the strategy but I'm confident on the reasons of my needs. Need evening of the balance on a day to day basis almost. Hopefully this is not understandable as it is part of the challenge. Took me years to find out.
Also not interested in brokers that only cover US futures or EUREX, but global covering.

Anyway, found a compromise. Thanks nonetheless

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  #10 (permalink)
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sam028 View Post
From France to any European country a wire takes 24 hours, it can be a bit longer to US.
I don't understand why a strategy would require instant deposit, the sentence doesn't make sense.

to meet the initial margin requirement, that would be my guess.

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