Discussion of article "Payments and payment methods" - page 162
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What if MQ extends the payment system so that a client transfers his MQ dollars to his broker's trading account? However, I have no idea of the possible legal problems if this is the case.
After all, both have already carried out a KYC (know your customer) and it could lead to more customers for the broker: a triple win system?
MQ already offers a payment system for the clients to transfer money to their broker via the terminal - this works!
What if MQ extends the payment system so that a client transfers his MQ dollars to his broker's trading account? However, I have no idea of the possible legal problems if this is the case.
After all, both have already carried out a KYC (know your customer) and it could lead to more customers for the broker: a triple win system?
My broker requires you to withdraw to the same source the deposit came from , probably to not become a money bridge
My broker requires you to withdraw to the same source the deposit came from , probably to not become a money bridge
If they want it can be changed. I guess it's a protection against money laundry and if both MQ and the broker know and can ensure (KYC) it's the same person why not?
oh ok, thank you for information. I'm from USA, it probably wouldn't work since they asked to verify your address. The banking cartel doesn't make things easy. The only way around this is crypto. Even lesser known cryptos like RTM would do the job fantastically. Transfer funds in 1 minute worldwide for free then convert it to the currency of our respective countries in an online exchange. This site could even take advantage of the situation and release their own crypto coin for payments to customers. We would take payments in the MQL5coin then convert it in an exchange in our own country or even invest in their coin. Would be an additional revenue stream for this site.
Yes crypto would be a great option. You could also try Payoneer.
Add crypto payment please.
I do not think it is possible - because -
Forum on trading, automated trading systems and testing trading strategies
How can I withdraw money from MQL5.com now?
Renat Fatkhullin , 2022.03.07 00:14
...We are completely dependent on payment gateways for deposit/withdrawal of payments.
And it is about the crypto and so on -
Forum on trading, automated trading systems and testing trading strategies
How to withdraw money from MQL5.com now?
Renat Fatkhullin , 2022.08.08 10:05
Unfortunately, crypto methods and stablecoins are not available to us now.
...
Unfortunately, we are limited in payouts by our payment gateways and tax jurisdictions.
As I understand: the tax jurisdiction is the EU, and the payment getaways are from the US.
It means that your proposal will not be implemented at least in the near future.
There are members outside US and Europe not bound to their regulations.
MetaQuotes company is registered in the EU (for taxation for example), and the payment getaways are mostly from the US.
It means: it is implemented all the rules and regulations which are issued in EU and in the US for example.
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My example: I am outside US and Europe, and if I go to your country as tourist so I should accept all the rules and regulations of your country ... so - same here in MQL5: you are from your country but the company should implement everything related to the country of registration and the countries of payment getaways.
MetaQuotes company is registered in the EU (for taxation for example), and the payment getaways are mostly from the US.
It means: it is implemented all the rules and regulations which are issued in EU and in the US for example.
--------------------
My example: I am outside US and Europe, and if I go to your country as tourist so I should accept all the rules and regulations of your country ... so - same here in MQL5: you are from your country but the company should implement everything related to the country of registration and the countries of payment getaways.
Yes crypto would be a great option. You could also try Payoneer.
Payoneer is VERY expensive!