Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.
Different wire transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and the cost, value, and volume of transactions. Central bank wire transfer systems, such as the Federal Reserve’s FedWire system in the United States are more likely to be real time gross settlement (RTGS) systems. RTGS systems provide the quickest availability of funds because they provide immediate “real-time” and final “irrevocable” settlement by posting the gross (complete) entry against electronic accounts of the wire transfer system operator.
Find here the complete list of Brokers who accept wire transfer as a mean of payment (deposit/withdraw).
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Choosing a Forex Trading Broker that accepts Wire Transfer
Today, there are many different ways to make investments. Apart from financial institutions like banks, asset trading is also a good option for money investment. One of the most famous trading activities is the Foreign Exchange or Forex. This particular asset trading enables you to buy or sell foreign currencies at their current price. One of the benefits of the Forex trading today is that traders can make deposits or withdraw their money with several means of transaction, be it through the internet or through financial offices.
Wire transfer is a preferable option when it comes to large transactions, and it is common in Forex trading. For those who want to use this option, the followings are the Forex brokers that accept transactions using wire transfer.
FxPro is a United Kingdom-based financial company that has been operating since 2006. Other than in the U.K., it also operates in Monaco and Cyprus. U.S. Dollar, Australian Dollar, Japanese Yen, Euro, and Pound sterling are acceptable. The normal account starts at $500 while mini account starts at $100.
This company has been working since 1998 in St. Vincent and the Grenadines, but it has branches in many other countries, including Ukraine, Belize, U.K., and Nigeria. It accepts trading activities with U.S. Dollar, Euro, and XAU. Opening an account here is easy because you only need $100.
This Cyprus-based Forex broker was established in 2010 and has been expanding its operation in several countries worldwide. It has offices in Argentina, Spain, U.S., New Zealand, and many others. It is rather expensive compared to the others in this list because its normal account is at $2500.
Opened in 2005, this company is based in New Zealand and also operates in Russia and St. Kitts and Nevis. It accepts many currencies, including Euro, Yen, GBP, and U.S. Dollar. To open an account, you only need $10.