Hello jahan,
I guess the problems are not over yet.I talked to 3-4 brokers of my choice including ur one also (Hotforex-HF Markets).
What i understood from ur explanation is that if i can fund account from my debit card but below 1000$ and withdraw it from same mode again and again and again but below 1000$ .(correct me if i m wrong here)
What the brokers are saying that if i fund suppose 1000$ and then i make profit and balance goes to 1500$ and then i want to withdraw 1100$ out of if then I CAN ONLY WITHDRAW MY ORIGINAL FUNDING AMOUNT BY CARD AND THAT IS 1000.For rest of the profits that is 100$ in this eg i have to use another channel like moneybookers or bank wire.
Now here also 2 things arise-
What I understood that maximum limit for the card will be 1000 for each withdrawl transaction coz that is the original deposit and next time suppose the balance goes above 1000 again (after i have got the original fund of 1000 from card back) i can withdraw 1000 again from card but thats not the case.
They are saying that "once u have withdrawn the deposit amount by card then u have to withdraw ur profits from another channel.U can only use ur card and only debit card to withdraw ur profits till the amount u deposited is not met.When that deposit amount of urs is reached u cannot withdraw more than that by the card.For rest of the money u have to use other options.Now kindly explain clearly what the whole process coz u r doing it. Either i haven't understood u or i haven't understood them ?If possible pls do that with an example.
Regards
I guess the problems are not over yet.I talked to 3-4 brokers of my choice including ur one also (Hotforex-HF Markets).
What i understood from ur explanation is that if i can fund account from my debit card but below 1000$ and withdraw it from same mode again and again and again but below 1000$ .(correct me if i m wrong here)
What the brokers are saying that if i fund suppose 1000$ and then i make profit and balance goes to 1500$ and then i want to withdraw 1100$ out of if then I CAN ONLY WITHDRAW MY ORIGINAL FUNDING AMOUNT BY CARD AND THAT IS 1000.For rest of the profits that is 100$ in this eg i have to use another channel like moneybookers or bank wire.
Now here also 2 things arise-
What I understood that maximum limit for the card will be 1000 for each withdrawl transaction coz that is the original deposit and next time suppose the balance goes above 1000 again (after i have got the original fund of 1000 from card back) i can withdraw 1000 again from card but thats not the case.
They are saying that "once u have withdrawn the deposit amount by card then u have to withdraw ur profits from another channel.U can only use ur card and only debit card to withdraw ur profits till the amount u deposited is not met.When that deposit amount of urs is reached u cannot withdraw more than that by the card.For rest of the money u have to use other options.Now kindly explain clearly what the whole process coz u r doing it. Either i haven't understood u or i haven't understood them ?If possible pls do that with an example.
Regards
yes ur right and wrong in some cases here are details.....
some rules has been changed by brokers Community only to indians which are in effect from last(past) monday.
case1).
let say u deposited $1000 frm ur debit card and u made a profit...and now ur account is $2500..ur withdrawl should be $1000 directly to ur debit card..and other $500 u can withdraw to another debit card u registered with them or u can ask for wire or u can ask for online gateway withdrawl
some other brokers do as $1000 to ur debit card and remaining $500 to ur bank account through wire.
case2).
let say u deposited $500 with ur debit card and remaining $500 with moneybookers total $1000 and ....now ur account grows to $2500..then profits can be withdrawn as i.e let say u put a withdrawn request of $1500 then $500 to ur debit card and $1000 to ur moneybookers /wire/other debit card account.
case3).
let say u deposited $750 with ur debitcard and $250 with moneybookers total $1000 and....now if ur account grows to $2500....then profits can be withdrawn to ur debit card and to ur moneybookers account.....let say u request a withdrawl of $1000 then $750 will go to debit card and $250 will go to moneybookers/WIRE/other debit card account. ur account balance should be $1500.
see these all things are to indians only due ***king Rules of RBI and to Stop money laundering which is good as we are also on Safe side.
regards,