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Forex brokers offering debit cards

Written by Mihaela Florea   
Wednesday, 27 April 2011 16:50

Forex brokers offering debit cardsThe online forex industry is in full growing state and the general offer is improving continuously. Some of the most important brokers on the online environment took the forex trading accessories to another level by developing a new product: the ATM debit card attached to the forex trading account. This type of debit cards has various advantages for the trader’s point of view and its popularity among the traders is increasing each day.

The biggest benefit of forex brokers debit cards is the instant processing payments which mean fastest withdrawals. With these debit cards the funds you have in your trading account are easier to withdraw and to use. The debit cards could be used at ATM machines to turn them into cash or it can be used for payments at local stores and merchants.

For now there are just two trustable forex brokers that offer debit cards. These are Instaforex and Ava FX.

Instaforex debit card is a MasterCard that can be used to withdraw the funds from the forex trading account opened at Instaforex and can be used as any MasterCard debit card for ATM cash outs and payments. The Instaforex debit card is attached to a bank account in Panama, so the money will be tax free and ensures privacy for the cardholder.

The Ava FX debit card is developed by Payoneer and is also a MasterCard. The funds from the Ava FX trading account can be withdrawn directly to the Payoneer debit card, the transfer being instant. As a MasterCard debit card it can be used at ATMs for converting the online forex trading earnings into real cash money and it also can be used for payments at marchants that accept MasterCard payments.

The Instaforex and Ava FX debit cards are safe and reliable, providing many advantages to the forex traders that use them.  The most important are the easier money transfers and the availability of funds.