Funding you binary option or forex trading account should be very easy. Wire transferring money to the account of the broker which has to add is to your trading account simply demand to much time! Unfortunately Paypal is not really supported by the brokers, or actually Paypal doesn’t support the brokers.. It is not clear what Paypal’s statement is in this. There is how ever one digital waller that alsmost every broker accepts: Moneybookers / Skrill
Binary Option Broker Deposit Methods Overview
I have made an overview of the supported ways of depositing a binary options trading account. Most brokers support credit cards and wire transfer. But being able to use a digital wallet gives more safety.
Credit cards are always subject of theft. Digital wallets provide more safety since the PIN and stuff are not stored at the merchants servers like credit card data.
In the overview here you can find out that all brokers offer the service of Skrill. I think you should use them to fund your account instead of using a credit card. If you think I am wrong, take a look at the grid to determine which broker offers the deposit method/bank you use.
Read our deposit methods grid here Deposit-Methods-Binary-Options-Brokers (PDF)
Who or what is Skrill?
Skrill (formerly Moneybookers) is originally a British Internet service that provides a method to using an email address to Safe and instant transfer money. Skrill is not quite comparable with other conventional transfer systems because one can also make use without first making a Skrill account. For example, logged in to your favorite gaming website is sufficient to deposit. It then arranges itself a (single) transfer through the bank account.
You can have your Skrill account (http://www.skrill.com/moreinformation) charge a credit card or a regular bank transfer. If you must make a payment or money is received you can do this through your account and your contact’s doing this as well. You can then easily recover money to your account.
For some time payments with iDeal (Netherlands) are possible. Moneybookers/Skrill does not allow funds from PayPal or a credit to be used for ‘gaming’ websites such as poker or casino sites.
It was originally a prepaid system , which means that the customer had to pay money to make payments. Also, online payments without first charging the own Skrill account are possible.
The recipient of such a payment must itself first signup with an account with Skrill. A non- registered recipient receives a message from Skrill a receipt of payment and will be asked in the mail to create an account on the website of Moneybookers. If the account is created, the new owner can have the money received. The service is available in 40 different currencies. The client lies down when you log into a account currency notes that upon completion of your deposit can not be changed for this account. Customers with premium membership have the ability to manage multiple accounts in different currencies.
Payment orders can not be canceled once a transaction has been carried out . Customers can default send a maximum of 10,000 euros per transaction , leave this limit but also remove upon request after verification. Payment is made stating the amount and the email address to which the Customer will be Skrill account , therefore the purchase of digital goods without shipping address is payment against the dealer without disclosure of further personal data .
Verified customers are offered a security token. After activation of the token entering this individually generated PIN is required to access the Skrill account. Accounts with enabled security token is promised a refund of the credit balance in case of misuse of their account .