Accounts & Money Operations
Contents:
1. Depositing funds to your trading account via credit card (VISA or MasterCard)
2. How to transfer money from one trading account to another
3. What is the minimum deposit amount?
4. Depositing funds to your trading account via wire transfer in US dollars (USD) or Euro (EUR)
5. Withdrawing funds from your trading account via wire transfer
6. I want to change the base currency of my account from USD to EUR. What should I do?
7. How many trading accounts can I have?
- In order to deposit funds, please fill in the online form in the Trader’s Room (“Money Operations” section). Minimum transaction size is $ 10.
- Please be advised to keep your anti-virus software up-to-date and check your computer for viruses before using online payment systems. In the event you have noticed any pop-up windows that ask you for credit card data, please quit the procedure and promptly contact AML Technical Support.
- For security purposes, credit cards are only accepted if account holder's name matches cardholder's name. Admiral Markets reserves the right to suspend any fraudulent payment, to freeze the involved MT4 account and to terminate the Customer Agreement, in compliance with anti-money laundering law.
- In order to transfer money from one trading account to another please use the Internal Transfer Form available in your Trader's Room (“Money Operations” section).
- You can transfer funds even if the base currency is not the same on the two accounts, if these accounts are attached to the same Trader's Room profile and you are a holder of these accounts.
- If the base currency of the two accounts is the same, the commission for funds transfer is 0%.
- If the base currency of the two accounts is not the same, the commission for currency exchange will be 1% of the Forex market rate.
- Please note that in order to comply with risk management standards, accounts that have been funded by credit card will not be able to make internal transfers using the function in the Trader’s Room.
In order to activate your account for trading, any sum of money should be deposited to your account (in EUR or USD).
In order to open market transactions of minimum volume (starting from 0.01 Lots) you will need approximately 10-50 USD, depending on the trading instrument and the credit leverage of your account.
The margin (minimum sum of free funds available on your account) which is required to open 1.0 Lot transaction in different instruments with the standard 1:100 leverage is indicated on this table. Click on any instrument to see further details. If you hold two hedged positions of the same volume simultaneously (for example, one Sell 1.0 Lot position and one Buy 1.0 Lot position in EUR/USD currency pair), only the hedged margin will be required (it is usually equal to 50% of the standard margin).
We accept wire transfers (bank payments) in US dollars (USD) or Euro (EUR). We do not charge any transaction fees for depositing funds to your real trading account. Please note that your bank may charge a fee for an international transfer. The funds withdrawal process is also easily carried out by a transfer to the customer’s bank account.
In order to deposit funds by wire transfer please fill in the online form in Trader’s Room (“Money Operations” section, "Deposit by bank" link). Then transfer funds from your private bank account to Admiral Markets AS. bank account using the bank details that you will receive in your Trader's Room. Please note, that your bank may charge a commission for international transfers which depends on the chain of intermediary banks.
If you will experience some problems with your wire transfer or if the money will not reach your trading account in 3-5 days, please contact us via e-mail or phone.
In order to withdraw funds by wire transfer please fill in the online form in Trader’s Room (“Money Operations” section, "Withdraw by bank" link). Our commission for withdrawing funds from a trading account is 5 USD for clients with bank accounts opened in SEB Bank Group (branches in many countries of Western and Eastern Europe as well as in USA, opening an account is free). For accounts opened in other banks the commission will be 25 USD.
Wire transfers can take from 1 to 5 working days. If your bank account is opened in SEB Bank Group, the transfers will be conducted faster. When withdrawing funds please make sure that your total withdrawal request does not exceed 65% Free Margin available on the trading account. Failure to adhere to this procedure could result in an unexpected Stop Out or Margin Call.
If you will experience some problems with withdrawing funds or if the money will not reach your bank account in 3-5 days, please contact us via e-mail or phone.
You can open a new trading account in your Trader’s Room and choose its base currency in the account opening form. Then you can simply use the Internal Transfer Form available in your Trader's Room (“Money Operations” section) in order to transfer funds from your old account to your new account with another currency.
Total number of trading accounts one customer may have at the same time is limited to 10 whereas the total number of Admiral.Standard accounts (including accounts in golden units) related to the same customer is limited to 5.
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