When trading online with a real account you are trading with real money, so you should keep in mind the payment methods accepted by different brokers. Payment methods in trading do not only mean how to make deposits, but also how to make payments, i.e. how to collect profits. Choosing a payment method is important enough for several reasons: it can optimize your operations and can of course optimize the management of the costs of managing your portfolio. Let’s not forget that fees are often charged for credit transfers, as well as for transfers from an online account to a bank account.
Trading With Paypal
For example, trading with Paypal is definitely very practical, as the transfer of funds from your Paypal account online is really very fast. The same goes for the Paypal prepaid card, which however allows less money to move than the online account. If you have credit on your Paypal account online, you will receive a lot of money, as well as make all transfers in real time and in a few clicks. Today, leading online brokers accept transfers to and from their Paypal trading account. To check whether or not a broker accepts this payment method, visit its official homepage and check at the bottom of the page itself. You will find credit cards, rechargeable and in case also Paypal.
Trading With Skrill
Skrill may look new to many of you, but this is nothing more than the new name of Moneybookers, a well-known company whose services are used by more than a million users. With Skrill you can have an online account as with Paypal, however its card sometimes (for now) gives you some problems, as we will see in the specific article dedicated to trading with Skrill by Moneybookers. However, it remains a very interesting solution to which you can also associate your bank account.
Trading With Postepay
Postepay is probably the best known payment method in Italy, since it was the first to be involved in the boom in debit cards, also known as rechargeable cards. Postepay is a service offered by Poste Italiane and is included in the VISA circuit, so it allows you to make payments for a wide variety of online services, including trading. For trading with Postepay is advisable to check the maximum availability on your card, because in the case of large withdrawals, this can not contain figures higher than 5,000 euros. However, you can always withdraw as much as you want so there is no problem: in the case of large withdrawals, you can always stagger. For trades of not excessively high amounts, Postepay is certainly a very easy and effective method.
Trading With Bank Transfer
Among the methods of deposit in trading, as well as for withdrawals, there is also the bank transfer. You can make wire transfers to online broker companies and then see your trading account credited to the amount you want. Obviously, for this method, credit times are longer than for electronic methods, which are instantaneous.
Trading With Credit Cards
The generally accepted credit cards for deposits and withdrawals in online trading are VISA, Mastercard and Maestro. You will find these three almost everywhere, so you will never have any problems at all.
Other Payment Methods
Online payment tools have multiplied in recent years so you can find and try other methods such as uCash, Neteller, Paysafecard and more. To find out all of them, as already mentioned, all you have to do is visit the official website of the online broker and take a look at the bottom. You will find all the company symbols of the above mentioned payment instruments, as well as others. If you have any payment instrument, you probably won’t have any problems trading online. To understand which of the many is the best, it is best to address the subject of commission costs.
As for the commission costs, i.e. the cost of transferring money from your account to the broker, these (if any) depend on the card or account, but not on the broker. In an optimal management of your costs, you should also consider these, because in the long run even the smallest costs have their weight. The same applies to the receipt of payments. Paypal, for example, usually applies a 5%, which if considered for example a payment of 1.000€, it gets 50€ of commissions.