If choosing a brokerage firm is the first step to enter the foreign exchange market, then opening a foreign exchange account and saving money are the last tasks before starting trading. Every investor will carefully screen the qualifications of economic businessmen when choosing channels. Because, whether the foreign exchange deposit and withdrawal procedures are standardized or not is related to the safety of funds to a great extent. If the broker you choose is ATFX, you can trade with confidence. As ATFX UK is subject to the most authoritative and strict FCA supervision in the world (ATFX UK holds the British FCA license: 760555), the customer's funds are deposited in Barclays Bank, one of the largest banks and financial institutions in the world according to the FCA supervision requirements. And always take the security of customers' funds as the top priority.

Deposit problem

Foreign exchange deposit is a process in which foreign exchange investors put funds into the market after opening an account. After the deposit, investors can trade in the foreign exchange market. Take the strictest FCA supervision as an example. There are only two ways to deposit foreign exchange:

1. Online payment: (received on the same day)

① Online banking payment, free of charge.

② Online banking transfer is free of charge.

③ E-wallets (non-China), such as Neteller and skrill, the cost is determined by the E-wallet.

(4) Credit card (non-China), the fee is determined by the credit card center.

Credit card deposits are generally received immediately, up to one working day. Credit card remittance is settled in US dollars, and foreign exchange advances made by dual-currency credit card consumption can be repaid by purchasing foreign exchange in RMB. The relevant exchange rate can be consulted with the card issuer, but if credit cards are frequently used, it will be greater for personal influence.

It should be noted that credit card remittance is not supported in China, so the specific precautions will not be explained here.

2. T/T: (3-7 working days)

① Telegraphic transfer of online account

② telegraphic transfer at the bank counter

All wire transfers have a handling fee, which is charged directly by the bank. Please consult the bank before telegraphic transfer.

It should be noted that there are restrictions on wire transfers by customers in China, and the annual exchange limit for each person is 50,000 US dollars.

ATFX uses online unionpay deposits, which can be made through online banking, wire transfer and AliPay. Deposits are not limited to bank cards, and you can do without a bank card. The deposit is converted into US dollars at the real-time exchange rate, and the deposit time is 1~5 minutes, and no handling fee is charged.

The above is about the way to deposit money on the foreign exchange platform supervised by FCA. Let's start with the golden part.

Gold extraction problem

Foreign exchange cash withdrawal is the most concerned issue for foreign exchange traders, and many investors can't wait to withdraw money. Generally speaking, some platforms that are not strictly controlled look at investors' lack of money, even without auditing, and directly enter the account, which seems easy and fast, but actually greatly increases the risk of misappropriation of funds.

ATFX, which is regulated by FCA, will require banks to conduct a comprehensive audit, regardless of the size of funds. Asking investors to review every fund is slower and safer than a platform that does not review.

Next, we mainly introduce the following three channels of foreign exchange withdrawal:

1. UnionPay payment

Foreign exchange UnionPay is the fastest way to withdraw funds, and the funds are directly transferred to the investor's UnionPay account through UnionPay. Foreign exchange unionpay payment can generally be received immediately.

For example, if you trade through online UnionPay deposits on the ATFX platform, the funds will also be deposited in your bank card in this way, and the funds will be deposited in the bank card in the form of real-time exchange rate of US dollars against RMB. Generally, the account will be audited within 1-2 working days from the date of withdrawal.

2. telegraphic transfer

Foreign exchange telegraphic transfer is the most troublesome and time-consuming channel. T/T dealers will remit money directly to domestic banks through banks, and investors need to go to the bank to enter their accounts after receiving the accounts. It usually takes 5 to 7 working days for foreign exchange telegraphic transfer to reach the account.

Generally speaking, foreign exchange brokers will set a certain handling fee when withdrawing money, and there are no special conditions to exempt the handling fee. For example, the provisions of ATFX are: if the amount of a single withdrawal exceeds $65,438+000, there is no handling fee for withdrawal; If it is less than $65,438+000, there will be a handling fee of $5; If there is no deal, there will be a 5% service charge.

3. Credit card withdrawal (not supported in China):

Foreign exchange credit card withdrawal is equivalent to credit card shopping refund. When you use a credit card to withdraw money, you need to make sure that the deposit is also made through a credit card. Credit card withdrawal does not require any handling fee, and other ways are needed to withdraw funds from the profitable part of the transaction.

Take the ATFX platform as an example. If a customer deposits $65,438+0,000 with a credit card, when the customer makes a profit, he will withdraw $65,438+0,500, and the withdrawn $65,438+0,000 will be refunded to the customer, and the customer's credit card will receive $65,438+0,000. In addition, the profit foundation of $500 will consult by email, and if the customer chooses wire transfer, it will remit it to the customer by wire transfer.

Knowing the above three ways of withdrawing money, it is worth noting that the way of withdrawing money is determined by your way of saving money.

For example, on the ATFX platform, if a customer deposits money in the form of an electronic wallet, then when withdrawing money, the ATFX platform will also take the money to the account of the electronic wallet instead of telegraphic transfer to the customer or transferring it to the customer's bank card.

As you know, due to the difference of platforms, the speed of deposit and withdrawal of different foreign exchange platforms is different. Choose different foreign exchange withdrawal channels, and the arrival time is different. Whether it is the efficiency or safety of capital utilization, it is recommended that you choose a formal platform and have a faster cash withdrawal channel. If you find that you haven't received the money for a long time, you should contact the platform customer service as soon as possible to check the withdrawal progress. ATFX provides 24-hour customer service in 15 language. If the withdrawal fails to arrive in time, investors can confirm the withdrawal status to customer service at any time.