Discussion of article "Payments and payment methods" - page 176
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Considering that the Wire Transfer fee is now $30 (it was $35 for the longest time—which is quite standard for wire transfers), there's absolutely no reason to reduce the bank transfer amount threshold to "$10 if possible $1"—you'll lose money on such a transaction! Considering that the withdrawal methods that appear for me here have a 1.5-2.5% fee, I believe that reducing the bank transfer amount threshold from $3000 ($30 = 1% fee) to $2000 ($30 = 1.5% fee) or even $1000 ($30 = 3% fee) would be reasonable. Much below that, the fee once again starts becoming cost prohibitive (the complaint some have with the Web Money withdrawal method). For example, the $500 threshold suggested repeatedly above makes $30 a 6% fee, and a $250 threshold makes $30 a 12% fee. Additionally, the lower the threshold is made, the more manual work for MetaQuotes employees to submit the bank wire requests.
Before PayPal was removed, charge to withdraw money is around 5%. 2% from mql5 to paypal and 3% from paypal to bank account. a $1000 bank transfer minimum from mql5 is cheaper at $30 per withdrawal. that is just 3%. mql5 should reduce it to $1000.
Well, glad to see I'm not the only one but frustrated that it's not solved..
PayPal was the only option that worked for me as a US developer. US is blocked from WebMoney and it would take 1000 jobs (at minimum rate) to get $3000 USD to qualify for a bank transfer. But if I'm unable to withdraw even $500, how can I be sure that $3000 will even be received?
Is this the end of US developers freelancing for MQL5?
the end for many other people in different countries. basically, many would just be doing this for free.
the end for many other people in different countries. basically, many would just be doing this for free.
Yeah, it's time to take this to YouTube, Forex Factory, and some other outlets. This is just ridiculous and their silence is making it worse.
Yeah, it's time to take this to YouTube, Forex Factory, and some other outlets. This is just ridiculous and their silence is making it worse.
they don't care man. there are a million reviews and videos on their unethical practices
they don't care man. there are a million reviews and videos on their unethical practices
Before PayPal was removed, charge to withdraw money is around 5%. 2% from mql5 to paypal and 3% from paypal to bank account. a $1000 bank transfer minimum from mql5 is cheaper at $30 per withdrawal. that is just 3%. mql5 should reduce it to $1000.
Speaking of a poll, I created a poll asking the community what they think an ideal minimum Bank Transfer withdrawal amount would be. Feel free to vote there according to what would make the most sense in your situation!
https://www.mql5.com/en/forum/484845
Speaking of a poll, I created a poll asking the community what they think an ideal minimum Bank Transfer withdrawal amount would be. Feel free to vote there according to what would make the most sense in your situation!
https://www.mql5.com/en/forum/484845
Finally i had success with a ICICI Bank debit card as told by Nitin, and the amount came to my bank account in India instantaneously
it seems there are some cards which work and some which dont. Nitin told me on ICICI bank debit card there is a feature called inward remittance which i activated by default and that's what allowed to get this payment.
I hope this helps to people stuck with money on mql5
Is the card still working?
Mine is a different bank card, it worked for like 4 times and then started giving error.
Looking forward to your reply