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What are the consequences of using a credit card to deposit funds in foreign exchange trading?

In foreign exchange transactions, depositing funds with a credit card has no impact on the transaction, no handling fees are incurred, and the funds are received instantly, which is very convenient.

The general requirement is that the principal part of the credit card deposit must be transferred back to the credit card, and the profit part must be transferred to the debit card. Well, credit card withdrawals generally take 5-7 working days. This is mainly because the credit card issuing bank has its own funding process, so it will take a long time and there is no handling fee.

The deposit methods for foreign exchange transactions are:

1. Telegraphic transfer, electronic payment such as Alipay, and direct bank transfer. Many of the formal ones use U.S. dollars for deposits, and some less rigorous ones can be deposited directly in RMB.

2. To deposit funds in foreign exchange transactions, you must first find a trading platform that can ensure the safety of funds and open an account. Then there are many ways to deposit money, such as over the counter, direct deposit online, etc.