Help! Funding FXCM Account

#1
Hi All,

This is Naveen from Hyderabad, new to Forex.
Recently I opend the account with FXCM(Online).
Presently I've ICICI Account (Debit card). At the time opening this account, ICICI ppl said I can do online payment (ie in USD).

But when I tried to Fund my FXCM account, it has been declined. Now I get to know that using ICICI Debit card I cant do that. And presently ICICI is not issuing Credit Cards.

Could some one please help me on this. Please do let me know if there is any other Indian Bank, thru which I can Fund my account.

Thanks in advance
Naveen
 
#2
Hi Unimark,

Thanks for the Quick respose.

But u know FXCM rejects wire tranfer anything less than $1000.

I'm new to Forex and opening Micro account.. Planning to open it with $300-400 initially. which is possible only with the Debit/Credit Card.

So i just want to know which Bank's Debit/Credit card is acceptable for such online Fund transfer.. Please do let me know...

Regards
Naveen
 

ag_fx

Well-Known Member
#3
Hi Unimark,

Thanks for the Quick respose.

But u know FXCM rejects wire tranfer anything less than $1000.

I'm new to Forex and opening Micro account.. Planning to open it with $300-400 initially. which is possible only with the Debit/Credit Card.

So i just want to know which Bank's Debit/Credit card is acceptable for such online Fund transfer.. Please do let me know...

Regards
Naveen
Try fxpro.com ...their spreads are tighter and have credit card/debit card funding option too.
 
#4
Hi Ankit,

My problem is not with the Broker. Actually problem is with the Bank. ICICI's debit card is getting declined. and they are not issuing any New credit cards.

So I've to take a bank account which permits the Online Fund Transfer.

Regards
Naveen
 

ag_fx

Well-Known Member
#5
Hi Ankit,

My problem is not with the Broker. Actually problem is with the Bank. ICICI's debit card is getting declined. and they are not issuing any New credit cards.

So I've to take a bank account which permits the Online Fund Transfer.

Regards
Naveen
No Bank in India can allow u an online bank transfer from INR to USD. It is against RBI norms. The only way out will be a wire transfer.
 
#7
GOODWISHES AND GOODLUCK MY DEAR FELLOW TRADER First check with your branch with the limits for shopping perday convert that limit and transfer suppose your limit is 75 dollars transfer 69 dolloars daily.GODBLESS.:thumb:
 
#10
Hi naveen,

I have a good solution for you, better goto HDFC bank and open a savings account with them. With HDFC bank savings account, you have a option to create a virtual credit card. So this is not a real credit card but a virtual one. you can set the limits for this virtual credit card and it is accepted at all master card outlets.:)

I have funded my FXCM micro account with this card only and have no problem with deposit. :rofl:
 

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