Deposits and withdrawals are two main factors that every investor is concerned about, but most of the times, they do not read the policies and rules associated with these features. It is very important for every trader to read the terms and conditions related to deposits and withdrawals before finalizing the broker. Tradorax has a very simple deposit and withdrawal methods in place.
Debit or Credit Card – Traders or investors can make deposits through different methods, such as, credit or debit card. However, the cardholder name must correlate with the name on the trading account. MasterCard, Visa, Visa Electron, Diners and Maestro are accepted by the broker.
Wire Transfer – Another method used by traders is wire transfer. Tradorax allows a minimum wire transfer amount of 500 USD/EUR/GBP. If, however, a trader makes a transaction below the minimum amount, a fee of 25 USD/EUR/GBP will be charged. Details of wire transfer must be the same as posted on the deposit page under wire transfer.
CashU – It is another method used by traders to make deposits into their trading account. All they have to do is visit the CashU website, and see how to invest with Tradorax. The minimum deposit amount that is required to be deposited via CashU is 250 USD/EUR/GBP.
The currency of the account holder is determined at the time of making deposits. Currency selected at the time of registration is considered as final for all the transactions that take place following the initial deposit. This criterion is fixed for all the users’ accounts and no changes can be made once the funds are placed for the first time.