How Can I Transfer Funds Between Accounts on FXTRADING.com?
Managing fund transfers between accounts on FXTRADING.com involves understanding account types and transfer restrictions. Below is a complete guide to streamline the process.
Overview of Account Types and Their Functions
FXTRADING.com offers two main types of accounts for its users:
Trading Account: Used for direct trading activities. Transfers to another user's trading account are not allowed.
Commission (IB) Wallet: A separate wallet for earning and managing commissions. Transfers from this wallet can be sent to another user’s trading account. Note that direct deposits into this wallet are not allowed.
Step-by-Step Guide to Transfer Funds Between Accounts
To transfer funds between accounts on FXTRADING.com:
Access the Balance Transfer Form: Use the dedicated balance transfer link provided on the platform. Navigate to: Balance Transfer Link.
Provide Details: Complete the form with the following: - Source account (the account from which money is being transferred). - Destination account (the account receiving the money). - Amount to be transferred.
Submit the Form: After filling in all required fields, review the information for accuracy and submit your request.
Wait for Processing: Transfers will usually process within the timeline stated by FXTRADING.com. Ensure both source and destination accounts meet eligibility criteria.
Allowances and Restrictions for Account Transfers
Transfers Between Personal Trading Accounts: Transfers between your own trading accounts on FXTRADING.com are allowed.
Transfers from the Commission Wallet: You can transfer funds from the commission (IB) wallet to another user's trading account. However, the wallet does not accept direct deposits from external sources.
Trading Account Transfers to Other Users: It is not possible to transfer funds from your personal trading account to another user's trading account.
Frequently Asked Questions
Can I transfer funds directly to a friend’s trading account?
No, you cannot transfer funds directly from your trading account to another user’s trading account. However, you can use the commission wallet for such transfers.
What happens if I enter incorrect details in the balance transfer form?
Ensure that the details are accurate before submission. Incorrect information may delay or fail the transaction. If you encounter issues, contact FXTRADING.com support for assistance.
Understanding these guidelines ensures a seamless fund transfer experience on FXTRADING.com. For further inquiries or support, contact our customer service team.