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paypal for futures broker?


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paypal for futures broker?

  #1 (permalink)
 Only 
Frankfurt
 
Experience: Intermediate
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hi,

any futures broker offers paypal?

I know IG Markets (Cfd Broker) has this option, but all the futures broker i know dont have this option.

Is there a reason?

Would be good

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  #3 (permalink)
 Obelixtrader 
Slovakia
 
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Only View Post
hi,

any futures broker offers paypal?

I know IG Markets (Cfd Broker) has this option, but all the futures broker i know dont have this option.

Is there a reason?

Would be good

No futures brokers offer paypal.

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  #4 (permalink)
 GFIs1 
who cares
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Only View Post
hi,

any futures broker offers paypal?

I know IG Markets (Cfd Broker) has this option, but all the futures broker i know dont have this option.

Is there a reason?

Would be good

The reason is a legal one. For trading futures you need to have a real bank account to feed your trading account.
In case of getting money back this is in nearly all cases to the same account where the previous payment came from.
That is of course given by most countries to protect washing money by moving funds back and forth.
Paypal is not a bank as well as the credit card companies.

GFIs1

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  #5 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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Paypal account may tied up a credit card, and as such, you could be borrowing to trade. This goes against the risk associated with leveraged trading. You should trade risk capital.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #6 (permalink)
 Only 
Frankfurt
 
Experience: Intermediate
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Ok i understand, makes sense.

Just thought this would be a good opportunity because i pay for an
outgoing wire from USA Broker to Germany
40€ + 20€ (housebank) = 60€

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  #7 (permalink)
 Obelixtrader 
Slovakia
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: Interactive Brokers,Tastytrade,Birdwingo
Trading: K200M,KOSDQ150,US stock option
Posts: 220 since Aug 2009
Thanks Given: 116
Thanks Received: 109


Only View Post
Ok i understand, makes sense.

Just thought this would be a good opportunity because i pay for an
outgoing wire from USA Broker to Germany
40€ + 20€ (housebank) = 60€

Your broker is IB?
If yes than convert your USD to EUR and then send it as a SEPA payment and you pay 0 EUR.

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  #8 (permalink)
 Only 
Frankfurt
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: ES
Posts: 146 since Dec 2012
Thanks Given: 97
Thanks Received: 50

Sorry but currently i use another broker

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