TraderXP has a very good banking service in terms of offering depositing and withdrawing trough a wide range of financial services providers and banks. Safety is embedded in the technology TraderXP uses to process transfers. Fund transfers are available via bank wire, credit cards, e-wallets, Nordea, Western Union, iDeal, CashU. There are various services tailored for specific regions and countries, underpinning the fact that TraderXP is truly a global broker.
Minimum deposit is $200 and users can use aforementioned payment methods to transfer funds to the trading account. Wire transfers might come with some fees. Credit cards supported are: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo. Note that users with Maestro need to get the 3D code at their bank first. Skrill/ Moneybookers is also supported with local versions such as Giropay, Sofort, Przelewy24, CartaSi, but also Nordea system for Sweden and Finland, iDeal for Netherlands and CashU for MENA countries.
When withdrawing, users will have to file a request trough the user control panel. Request processing can take up to 5 – 10 days as TraderXP review revealed. Minimum withdrawal amount is 100 units. We find withdrawal rules somewhat restricting. In addition to that, fee is paid for every withdrawal, $35 per transfer. Monthly maximum withdrawal amount is $5000, which some large traders won’t like. Please let us know if you have something you want to add to our TraderXp review.