credit card funding

Discussion in 'Forex' started by goofytradeforex, Oct 18, 2005.

  1. Hi Forum,

    My concern is credit card funding on trading FX.

    Usually when u finished ur transfer, you may be able to trade the other one or two days.

    But how long it takes for broker to settle down the transaction with credit card company, so that I can withdraw my money? Is their a standard period for this question?

    I have been told 10, 15 days and "it depends on the banks", Any thoughts will be appreciated!

  2. It can take a few days to one billing cycle to appear as a spendable balance on the card. Once the trading firm sends the money back it is out of their hands as to when it will be added to the card, it is up to the CC company at that point. They won't post it instantly becuase they don't want you using it as a cash advance.