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 from a charge card???? This is this isn't risk capital! All traders need to have a large margin account to pay their positions with money they can afford to lose over any stop losses. A charge card is funds and risk capital, maybe you are just too much of a risk?? Cease trading as you can?
    How do you know he does not use his card for advantage and pay it off immediately. Or that it isn't a card? Commonly a card move to Oanda is instantaneous, so some people would fund Oanda with a card, then refund their card.

  2. #12
    Lizzard did you find out why your deposit was diminished?

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

    I actually had to look at this post founder, thinking it was me. .

    I utilize greendot for many of my online purchases, and also have deposited like this before, like very recent, but this time, I have declined, using the identical card last time, that took like 20 seconds to show up within my Oanda account. . Decline, this time, and I cant get back my money until Aug 9th. .

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

    Greendot, on the flip side, Holds the money in Pending fashion, awaiting oanda to OK the transaction, but Oanda says they don't have anything to do with the transaction.

    Its immediate credited, if not, then it only plainly didnt go thru, and there hands are clean of the topic.

    Afterward, I asked Oanda to look at my latest deposit requests. They had them all a few declined from when I tryed, and awakened, but they didnt have anything on my most recent drop, discovered that Odd. .

    I asked Greendot about that which, they said the money was there, then Oanda put a grip on it, so its impending, until the 9th of Aug.. If Oanda dont take it then, it is going to get put into my account.

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

    So, I will see what happens on Aug 9th I guess. .

  4. #14
    Quote Originally Posted by ;
    Why a deposit from a credit card???? That is this isn't risk capital! All traders should have a large margin account to cover their rankings with money they can afford to lose above any stop losses. A credit card is funds and not true risk capitalyou are too much of a risk?? Quit trading while you can?
    What rubbish. My cards arrive with rewards although if he is using it that really he doesn't have than yes, then you are correct. Hurrying $1,000 through my card is worth $50 in purchases at my favorite retailer, regardless of if I carry a balance or pay it off every month with no balance.

    Air fare, retail credit, promotional things. . .and all with zero attention. Why WOULDN'T you use a credit card?

  5. #15
    Quote Originally Posted by ;
    What crap. My cards come with fantastic rewards although if he's using it as cash that indeed he doesn't have than yes, then you're right. Rushing $ is worth $50 in purchases at my favourite retailer, no matter whether I carry a balance or pay it.

    Air fare, retail charge, promotional things. . .and all without interest. Why WOULDN'T you use a charge card?
    That is a good point. I do all of my shopping with my charge card instead of my debit card because of the points. The fact that I pay off the balance almost immediately via my current account means my charge card is that I just need to load after use, not before. And that 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 charge card rather than my debit card due to the points. The simple fact that I pay off the balance almost immediately via my current account means that my charge card is similar to a card which I just have to load after usage. And I get free things (such as fuel) in the points
    and a debit card provides you no security... if someone gets your debit card and snare they can drain your bank acct. Then you're in trouble. Your cc liability is $50 and the card won't even charge you this if you are a long time customer.

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

    Not saying you would not finally be made whole with a debit card but in my mind you are far more vulnerable especially if all you've got is a debit card. It could be days before the bank sorts everything out.

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

  7. #17
    This only happened with me I tried using my debit card. They said my speech did not match but it did. The money has been taking out of my bank (TD), now I've started an investigation to return back. I hope it doesn't take long.

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