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Why You Should Not Save Wire Transfer Bank Details

Updated today

FXTRADING.com currently maintains accounts with 3 physical banks to receive wire transfers from clients in over 140 countries and regions worldwide: DBS Bank Singapore, National Australia Bank Sydney, and Maybank Singapore.

However, we dynamically allocate incoming wire transfers based on real-time demand flow and the currency options selected by clients. Therefore, we do not support clients specifying which bank to wire funds to.

We strongly discourage habitual wire transfer behavior — such as saving the recipient bank information from your first wire transfer and reusing it for subsequent transfers.

The correct and accepted approach: Each time you wish to deposit funds to your trading account via wire transfer, please follow the complete wire transfer process to ensure that the bank details you are using can receive your wire transfer in a timely and normal manner.

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