deposit money into trading account with a credit card

Discussion in 'Trading' started by notafool, Oct 29, 2020.

  1. notafool

    notafool

    is there any brokerage that allows users to deposit money in to an account with a credit card?
     
  2. vanzandt

    vanzandt

    OK, I'm not trying to be nasty here, but is this troll-bait?
    For real.
    Because this is the dumbest effing question of all time.

    Why would someone even ask this?
    Think about it bud.

    Your current broker doesn't, so instead of taking less than 24 hours for an ACH wire, you'd rather spend 3 plus days to get approved by a new broker for whatever level you are financially and competently qualified to trade?

    Whatever.

    The #1 Social Network for Traders. Since 1997.
     

  3. Most credit cards allow cash advances. Take the cash advance and deposit into trading account.
     
  4. zdreg

    zdreg

    It is an illegal extension of margin.
     
    Last edited: Oct 29, 2020
  5. Many forex brokers allow deposits from a credit card into a forex trading account. However, the money flow the other way round is limited. Withdrawals from the trading account into the credit card is limited to the amount which was deposited from the credit card into the trading account.
     
  6. Overnight

    Overnight

    Vanz, you must have missed that other thread on here, originated a few years ago, with some similar premise. "Taking a loan at 25 YO to blah blah" something like that?
     
  7. notafool

    notafool

    i have more then enough money in my regular trading account. i want to to this for a random reason. myob
     
  8. Trader Curt

    Trader Curt

    He must be trying to use his 2% cash back lol
     
  9. fargone

    fargone

    Are you new to forex? Anyway, there are many brokers out there like fxview, fxpro, icmarkets, hotforex, etc that are allowing you to deposit money into trading account via credit banks.
     
  10. Oanda
     
    Last edited by a moderator: Oct 31, 2020
    #10     Oct 31, 2020