How to transfer money from forex account to bank account

How to transfer money from forex account to bank account

12/05/ · The wire transfer normally takes 2 to 7 business days to enter the intended recipient's bank account. SBI International Transfer Charges Foreign Currency Conversion Fees of Rs will be blogger.com: Sneha Kulkarni For example, if I fund my Forex account with $ on a credit card and make $ profit, I now have $1, sitting in my Forex account. The broker will force me to withdraw $ as a credit to my credit card before allowing me to use another withdrawal method. This is an anti-money laundering precaution 03/06/ · Sending money abroad with WorldRemit. WorldRemit is one of our top recommended providers for transferring money to an international bank account. Supporting over countries and 90 currencies, WorldRemit is a good option for sending money quickly and has a

Transferring Money to a Foreign Bank Account | blogger.com

It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. I live in India and I have gained some money in forex trading.

How can I transfer the money to my bank account? Is there any legal restriction? Can I transfer from Skrill? You can use Skrill or any other service like paypal or SWIFT wire. There is no legal restriction to bring money into India. You need to pay taxes depending on how you earned the income, of course the assumption is you earned the money in a legal way. This would depend on what transfer methods your Forex broker allows. Most will allow you to have a check or wire transfer sent Keep in mind, many brokers will force you to withdraw using the same how to transfer money from forex account to bank account method you used to deposit, up to the amount of the deposit.

This is an anti-money laundering precaution. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more. How can I transfer the money I made in forex trading to my bank account?

Ask Question. Asked 7 years, how to transfer money from forex account to bank account, 5 months ago. Active 4 years ago. Viewed 11k times. india foreign-exchange money-transfer. Improve this question. edited Mar 31 '14 at ChrisInEdmonton 14k 1 1 gold badge 39 39 silver badges 75 75 bronze badges.

asked Mar 31 '14 at ritu ritu 1 1 1 gold badge 1 1 silver badge 1 1 bronze badge. Thanks Edmonton and Dheer. This info is useful to a friend who'd wanted to use an online FX broker to move money from Far East to EU and get a good rate of exchange.

But it's clear that this means of money transfer is prevented -- as much by the FX online brokers as by the anti-laundering laws. The long road home is the safest at night. Add a comment. Active Oldest Votes. Improve this answer. answered Mar 31 '14 at Dheer Dheer Jim Jim 2 2 bronze badges. Featured on Meta. Unpinning the accepted answer from the top of the list of answers. Related 2. Hot Network Questions. Question feed. Accept all cookies Customize settings.

Depositing and Withdrawing Your Money from Your Forex Trading Account

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Can I transfer my funds from Axis bank Forex card to my bank account in Canada? - Quora

The Answer is ‘No’, you can’t transfer the amount from Forex Card to Bank account in Canada. Forex card is a prepaid instrument issued under guidelines of FEMA Act (Foreign Exchange and Management Act) of RBI. As per FEMA customers are not allowed 20/10/ · Forex accounts can be funded by credit card, wire transfer, personal check, or bank check. In the past, currency trading was limited to certain individuals and institutions. That's because the Remember: Once you transfer money from your forex card to your bank account, you lose the protection against forex fluctuations. The next time you travel, you will have to load foreign currency into the card at the prevailing blogger.com you are a frequent traveller, our advice is to keep the