A wallet is used as a connecting account between trading accounts and clients' external funds (held on bank accounts, e-wallets, cards, etc).
There are several advantages to using a wallet, in terms of client funding:
Withdrawals are only possible from a wallet (Select "Transactions" then "Transfer" to transfer money from your trading account to your wallet, then withdraw money from your wallet to the external system).
Funds deposited into a wallet are completely protected from any open positions held on the trading account (Compared to directly funding a trading account).
Funds can be stored in various currencies (A currency can be added or deleted via the "Show more" button)
Instant transfers within one operating company (If a margin call occurs on the account this can be very useful: select "Transactions" then "Transfer" and then "Current company").
Ability to transfer money between operating companies (Select ''Transactions" then "Transfer" and then "Another company").
Attachments (1)
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article