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In order to easily coordinate and facilitate deposit and withdrawal of money in Forex trading, most Forex brokers adopted various payment options that would suit their numerous clients and traders.
These payment options are ever increasing, meeting the financial needs of traders. Some of these payment mode are not available in some countries mostly due to international regulations while some payment merchants or processors do not permit transactions with some specific countries.
Its important for traders to choose a payment option that is more suitable for them and acceptable in their country
Some popular Forex brokers payment options are listed below:
PayPal – Popular and secure for online payments, but some countries are not accepted by this payment processor
Bank Wire Transfer – Accepted worldwide. More suitable for big money transfers
Liberty Reserve – Popular and secure online payment method. Very popular for traders in Nigeria, Africa & Asia
Other Popular payment methods include:
Credit & Debit Cards
Payza/Alert Pay
Perfect Money
Western Union
Webmoney
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