Currently, all major foreign exchange traders provide a variety of deposit methods, but each deposit method has its own advantages and disadvantages.
1. Bank deposit. There are two types of bank deposits: bank wire transfer and bank transfer.
2. Bank wire transfer. It has the highest safety factor, but it is more troublesome. It is recommended for those with large funds to use this method. And if there is a problem, you can pursue a lawsuit and find out the whereabouts of the funds.
3. Bank transfer.
4. Postal money transfer. Postal remittance is also called silver mail remittance. You must first exchange U.S. dollar cash and go to the counter where the post office handles this business. A minimum handling fee of 90 yuan and a transfer fee of 11USD will be charged (depending on the bank where the deposit is made).
5. Credit card transfer. There are no fees for credit card remittances and withdrawals, so credit card deposits are very convenient, especially for traders with small amounts of money. There are no handling fees for deposits and no handling fees for withdrawals within one month.
4. Paypal deposit. Paypal is the world's largest leading payment platform for deposits. Its security is recognized around the world, but compared to the above deposit methods, its security is the worst. It is not recommended to use it if the funds are very large. Even if the paypal deposit is received, the transfer fee is relatively low compared to other methods. Deposits and withdrawals are convenient and fast, and are more suitable for small and medium-sized investors.
5. UnionPay deposit. Nowadays, most platforms will allow UnionPay deposits. UnionPay deposits usually arrive in your account within 1-3 working days, or even within a few hours if faster.
6. other. With the widespread use of WeChat and payment, many traders in China have added Alipay and WeChat deposits. This payment method is very similar to the PayPal we mentioned earlier.
7. How to choose the deposit method? If you want the deposit to be deposited immediately, it is recommended to choose the credit card method. If the deposit amount is relatively small, the transfer fee is almost negligible, so it is recommended to choose the UnionPay method to deposit the money; if the deposit amount is relatively large, and you are not particularly anxious to get the money, it is recommended to choose the wire transfer method to deposit the money. More cost-effective.