Best broker that accepts E-Gold funding?

Discussion in 'Metal Futures' started by Jon Reed, Jun 2, 2006.

  1. Jon Reed

    Jon Reed

    Hey, just wondering what's the best broker that accepts e-gold as a form of funding your account? I tried Marketiva, but they don't accept US clients.
     
  2. qtip

    qtip

    Hello, can you explain how E-gold funding works. I have noticed it on a couple of Forex websites, however i wasn't sure how it works.

    thanks!
     
  3. Jon Reed

    Jon Reed

    hey, e-gold is a payment processor backed by real gold at all times, thus if the value of gold goes up or down, your account balance will as well, but it's fairly stable, rarely varies more than a few cents at most. To fund an e-gold account, you have to go to a third party company, icegold.com is a very good one.
     
  4. qtip

    qtip

    Thanks!

    That makes sense.

    However with Gold moving so much, would that mean if Gold goes down so much, your account would?
     
  5. Jon Reed

    Jon Reed

    Yes, at the time of funding, you get in your account the value of the amount in gold. If gold goes up or down, your account will too.
     
  6. Daal

    Daal

    How would you deposit on that egold account?Do they accept paypal or something?
     
  7. mauzj

    mauzj

    Isn't egold just used by fraudsters? My mate tried one of those 1% a day schemes, and predictably got robbed.
     
  8. zdreg

    zdreg

    if gold moves by 1 percent the account changes by 1 percent.

    how can you say it varies by a few cents?
     
  9. If your account only has $3 in it and gold moves by 1 percent then your account will vary by a few cents :D
     
  10. zdreg

    zdreg

    it is not a joke. u figured out the guy who posted that nonsencecal comment on this thread.
     
    #10     Jul 26, 2006