My broker declined my deposit - Page 2
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Thread: My broker declined my deposit

  1. #11
    Quote Originally Posted by ;
    Why a deposit by a charge card???? That is money you dont have, this isn't risk capital! All traders need to have a big margin account to cover their positions with funds they can afford to lose over any stop losses. A charge card is money rather than true risk capital, maybe you are just too much of a risk?? As you can quit trading?
    How can you know that he does not use his card for convenience and pay it off immediately. Or it isn't a card? Normally a credit/debit card move into Oanda is instantaneous, so a few people would rather fund Oanda with a card, then immediately refund their card.

  2. #12
    Lizzard, so did you find out your deposit has been diminished?

  3. #13
    Same exact thing happened to me to bud,

    I actually had to study this post creator, thinking it was me. .

    I utilize greendot for all my online purchases, and have deposited like this earlier, like very recent, but this time I got declined, utilizing the SAME card last time, which took just 20 seconds to show up within my Oanda account. . Decline, this time, and I cant get back my money . .

    I called equally, greendot and oanda, oanda said they utilize a third party to shoot CC orders, and they dropped it for some reason, and Oanda has nothing to do with it. If its approved, oanda adds the t to the account, if not, nothing happens.

    Greendot, on the other hand, Holds the money in Pending fashion, waiting for oanda to OK the trade, but Oanda says that they have nothing to do with the trade.

    Its immediate credited, if not, then it just apparently didnt go thru, and there hands are clean of the matter.

    Afterward I asked Oanda to check my latest deposit asks. They'd them all a few declined from when I tryed, and awakened, but they didnt have anything on my latest decline, discovered that Odd. .

    I asked Greendot about that which, they said the money was there, then Oanda put a hold on it, therefore its pending, till the 9th of Aug.. If Oanda dont require it then, it will get put back into my account.

    I must have used paypal, but the first time was really simple, I figured, why not utilize the same method.

    Therefore, I'll see what happens on Aug 9th I guess. .

  4. #14
    Quote Originally Posted by ;
    Why a deposit from a credit card???? This is this is not risk capital! All traders should have a large margin account to pay their positions with money that they can afford to drop over any stop losses. A credit card is borrowed money and risk capitalyou are too much of a risk?? While you can cease trading?
    What rubbish. If he's using it that he does not have than yes, then you're right but my cards come with great rewards. Hurrying $ is worth $50 in purchases at my retailer, regardless of whether I carry a balance or pay it off every month free of balance.

    Air fare, retail credit, promotional things. . .and all without interest. Why WOULDN'T you use a credit card?

  5. #15
    Quote Originally Posted by ;
    What rubbish. If he is using it as money that he does not have than yes, then you are correct but my cards come with fantastic rewards. On one of them, rushing $1,000 throughout my card is worth $50 in purchases in my retailer, no matter if I carry a balance or pay it off monthly free of balance.

    Air fare, retail charge, promotional things. . .and all with zero interest. Why WOULDN'T you use a charge card?
    That is a good point. I do all my shopping with my charge card rather than my card because of the points. The simple fact that I repay the balance via my current account implies that my charge card is that I have to load after usage. And I get free stuff (like fuel) from the things

  6. #16
    Quote Originally Posted by ;
    This is a good point. I do all my shopping with my credit card rather than my debit card due to the points. The simple fact that I pay off the balance through my current account means that my credit card is which I have to load after usage. And that I get free things (such as fuel) in the points
    and a debit card gives you no protection... if someone receives your trap and debit they can drain your bank acct. Then you're in trouble. Your cc liability is $50 and generally the card will not even bill you this in case you're a long time client.

    There have been countless stories of debit card info being saved and being endangered why anybody would carry a debit card is beyond me.

    Not saying you wouldn't finally be made whole with a debit card but in my mind you're way more vulnerable particularly if all you've got is a debit card. It might be days before the bank kinds everything out.

    A credit card company would issue you a new card within 24 hrs... maybe even sooner than this.

  7. #17
    This only happened with me, I tried using my debit card. It did although they said my speech did not match. The money was taking from my bank (TD), today I've launched an investigation to return back. I hope it does not take long.

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