Deposit/withdrawal currency conversion - InstaForex | Forex Forum | Forex world | InstaForex Forum
Instant Forex Trading

Welcome Guest ( Log In | )

 
Add Reply   New Topic
Deposit/withdrawal currency conversion
 Topic Options
 
newtrade
post Jun 28, 2015, 02:06 AM
Post #1
Newbie
*
Group: Members
Posts: 1
Joined: June 28, 2015
Member No.: 26,354

post Jun 28, 2015, 02:06 AM
Post #1
When making a deposit in a different currency to the trading account it states "When using a conversion of the company has the right to withdraw funds from your account at the same rate at which deposit happened."

Can you tell my why the company adopts this policy? It seems unfair and creates a very high risk for the client.

For example, if my local currency was Australian dollars and my trading account was US dollars. I could make a deposit at InstaForex and then one year later make a withdrawal. In one year the currency rate could have changed a lot. This could result in a big loss for the client when withdrawing the funds.

Why doesn't the company process withdrawals at the current market rate for currency conversion?
Go to the top of the page
 
+Quote Post
 


        1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 

Lo-Fi Version   Partnership with InstaForex   Open account in InstaForex   Support InstaForex Time is now: 29th March 2024 - 11:44 AM