Plastic debit cards for the broker: what are the benefits
Convenience in calculations is an important point in the work of Forex brokers. And, recognizing the importance of this process, many dealers seek to make it as simple and transparent as possible. And what can be easier than the possibility of withdrawal of funds to a debit plastic card issued not by a third-party financial institution, but directly by a brokerage company.
The process of withdrawing funds from a Forex account does not seem too complicated – as a rule, a client of a brokerage company has a choice between transferring the accrued income to electronic wallets of different payment systems, a bank account or receiving a check, which can also be cashed at the bank. Of course, there are commission fees for each of these options. Receiving a check from a brokerage company can take months. Is it possible to avoid all these problems? Yes, if you have a Forex bank card at your disposal.
What opportunities does such a plastic card provide?
– quick deposit and withdrawal of funds within the trader’s trading account;
– the minimum amount of commission fees;
– possibility to use the card as a means of payment, both in retail chains and when making online purchases;
– access to one of the largest payment systems with a network of ATMs and branches around the world.
What are brokerage companies willing to offer their clients that offer to use “branded” debit cards? And which broker is ready to provide quality processing for its Russian clients? Learn more about the services of brokerage companies in the “Brokers” section of our website.
RoboForex brokerage company offers its clients connection to Payoneer payment system cooperating with Account Choise Bank Limited (USA). Territorially, the bank is located in an offshore zone, in the well-known Belize, which is quite beneficial in terms of security.
RoboForex company offers its clients the possibility to issue Payoneer Prepaid MasterCard. You can make a request in the trader’s personal cabinet. The card is sent to the postal address of the customer, the average time of its production is 14 days.
It should be noted that the card service and activation in this case can hardly be called cheap. And when withdrawing money from an ATM, you may face an unpleasant surprise in the form of an impressive commission. But in general, this map is quite noteworthy. Especially if you prefer non-cash payments to all other forms of payments.
IronFX brokerage company offers its clients the opportunity to issue a debit card directly linked to the Forex trading account. That is, all transactions of crediting or transferring funds are made almost instantly and without complications. But only within the established limits.
To become an IronFX debit card holder, you need to have more than $2,500 in your trading account. Customers can choose between MasterCard (account can be in US dollars or euros) or Shanghai Union Pay (dollar account).
Transaction and maintenance fees from IronFX do not exceed reasonable limits. It is also possible to cash them out without any problems – in this case the commission will make up 2%.
LiteForex brokerage company offers its clients branded plastic cards LiteForex Card, which do not necessarily require integration with the bank account. The map covers hundreds of countries around the world. The weekly card limit is $12,000.
You can place an order for LiteForex debit card in your personal cabinet. Delivery takes on average two weeks, its cost will be about $ 15. Express delivery within five days will cost the trader $65. The validity period of the card is 4 years from the date of issue, the fee for cashing out through ATMs is 2%, but not less than 3 and not more than 15 $.
Instaforex brokerage company offers its clients connection to MasterCard payment system. Territorially, the bank card will be “tied” to one of the major South American banks. Withdrawal of funds from the trading account requires no more than 24 hours, and it can be done even without access to the Internet – only with the help of an ATM.
Among the obvious advantages of this card are gentle prices for the card service, cashing out of funds. But the volume of transactions is limited to the amount of $3,000 per month.
In general, the debit plastic cards from the broker can be called a truly beneficial offer – they allow to significantly simplify and reduce the cost of settlements between the broker and the trader, make it possible to quickly and safely cash out the money earned on the Forex market. Do you want to be aware of the most advantageous offers from brokers? Brokers.ru always has exactly what you need.