MilanTorader is a broker that is owned by Spot Capital Markets Ltd. It is also a CySEC regulated broker, which gives traders additional security as the broker has to follow certain procedures and legal requirements.
While writing the MilanoTrader review was found out how this broker provides several banking methods that can be used for depositing and withdrawing. One of them is credit cards which include Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo. The second one is e-wallets. Unfortunately, the broker doesn’t name methods available but claims to support 20 digital methods for depositing and withdrawing. It would be good to have all electronic methods listed, just as it is the case with credit cards. Bank wire is also possible.
Minimum deposit with MilanoTrader is $200 *or the same amount of units in other currency selected), while minimum deposit starts with $50. There are also some fees that apply. While depositing is free of transaction fees (except those from the side of trader’s bank or financial service), all withdrawals are charged $10, no matter the method chosen.
The method used for depositing must also be used for money withdrawal and in addition to that, all withdrawals must be verified. This means that trader must deliver all necessary documents that serve as proof of identity before withdrawing the funds. In most cases, the withdrawal request is processed within 5 working days.