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paypal for futures broker?
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paypal for futures broker?

  #1 (permalink)
Elite Member
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paypal for futures broker?

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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  #2 (permalink)
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  #3 (permalink)
Elite Member
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)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
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Posts: 3,818 since Feb 2012
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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)
Market Wizard
Boca Raton
 
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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.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #6 (permalink)
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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)
Elite Member
Slovakia
 
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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)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: IB
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Posts: 146 since Dec 2012
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Sorry but currently i use another broker

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