Regarding the transfer method, it's a matter of personal choice.
If weighed again, the most practical and low-cost transfer method is through e-payment; even though there is a risk of something like Liberty Reserve happening, but out of so many e-payments, only LR has ever happened.
So far, WM and fasapay have been running smoothly; however, it is indeed not recommended to store funds for a long time in e-payment. It is better to use e-payment only as an intermediary for transfers from and to brokers, and not as a substitute for a bank.
Also, don't immediately transfer deposits or withdrawals all at once in too large an amount, up to billions; "little by little becomes a hill" is better.
As for Pepperstone itself, I think its reputation is quite good. At least, so far there have been no fatal complaints and it is possible to communicate with CS.
Also, if you visit the thread about Pepperstone on the ForexFactory forum, there will be more stories about the reliability or unreliability of this broker, because at the international level many people trade with them.
To Lutfi..
In my opinion, Paypal can be used and is very secure, because it uses bank verification. You can deposit and withdraw Dollars to a bank account directly from the bank. Not under an individual's name.
Thanks.
@ arkhe:
Pepperstone Australia is regulated by ASIC and FCA UK, so it is worth using for trading. Trader funds are also kept separately (segregated) at NAB (National Australia Bank). If possible, go through its representation in Indonesia if there is one, to facilitate communication. Personally, I have no experience trading at Pepperstone.
- And that kind of e-payment is said to be a third party…
Comment: it is said to be a third party because the payment and withdrawal methods are not directly between the trader and the broker, but through a payment proxy or withdrawal proxy from a third party that is not regulated by an official legal entity, or using e-currency that is also not regulated by an official legal entity, and payments and withdrawals are also made through money changers.
Brokers who maintain their reputation certainly do not cooperate with third parties who are not regulated by an official legal entity, because if the third party scams or goes bankrupt or runs away, the broker's reputation will also be damaged.
- Oh dear, but even large, multi-regulated brokers also use e-payments like fasapay....
Comment: as long as the broker is regulated by a credible international regulatory body (namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA), it's up to you which payment / withdrawal method you want to use. But if it's through a third party that is not regulated by an official legal entity, if anything happens to that third party, your funds are likely to be lost, or gone with the wind..
@ Aisha:
- …. but out of so many e-payments, only LR has ever had issues…
Comment: not just LR, but also egold. Around 2007, I used to trade at Marketiva broker (now Agea) with its deposit and withdrawal methods using egold e-currency. At that time, egold was global and quite well known among brokers and traders. Besides Marketiva, IBFX broker (now acquired by FXCM) also used egold.
But in 2007, egold turned out to be a scam, and in 2013 LR was also a scam. In this case, the broker is not responsible for our funds stuck in egold or LR.
In Indonesia, many traders and money changers were victims of egold. All funds of traders and money changers stored in egold were lost, or gone with the wind… There were money changers whose funds in egold reached tens of thousands of USD and were also lost.
The victims of egold could not claim or complain because there was no authority willing to handle it because egold did not have a permit from an official legal entity, as did LR.
@ luthfi:
Paypal is safe, sir, it's just that sometimes the website is blocked.