We all know that Liberty Reserve (LR) owner has been arrested and the site is no longer accessible. Based on what happened with E-Gold I think we can only let it go! :32 (35):
So, after LR is down, how it is affect Forex brokers? Many brokers out there using LR and few of them even depend heavily on LR! Since the funds is no longer accessible, it could be a big loss for the brokers.
Few months ago I wrote that post and said that "LR is not Financially regulated", now we know what can happened!
I got reported that, if you are using LR, few brokers will allow you withdraw using another payment method that they support, include WebMoney, MoneyBooker (Skrill), Paypal, etc.
Few brokers will allow you withdraw but only part of your money and they will steal the rest :32 (34):
Check below for broker status:
MasterForex - no restriction - Fasapay, Mpay, Bank transfer [source]
RoboForex - no restriction - any available payment method [source]
LiteForex-no restriction - any available payment method [source]
OctaFX - no restriction - any available payment method [source: chat with support]
GAINSY - no restriction - any available payment method [source: chat with support]
Exness -no restriction - any available payment method [source]
InstaForex - withdraw restricted 6 months, after that deduct from an account 50% of all the funds deposited through Liberty Reserve - any available payment method [source]
Weltrade -no restriction - any available payment method [source]
FBS -no restriction - Webmoney, Moneybookers, Bank Wire Transfer, Local Bank Transfer in IDR [source]
TradeFort - Do not allow withdraw [source]
FXOptimax - fee may apply - Perfect Money/ others [source]
Mayzus -no restriction - any available payment method [source]
If you need information about Forex brokers, such as where the company based, regulation situation, etc. You can always check it at: Forex Brokers - List of Online Forex Broker in Comparison
What about your brokers? Comment below and I will update the list.
So, after LR is down, how it is affect Forex brokers? Many brokers out there using LR and few of them even depend heavily on LR! Since the funds is no longer accessible, it could be a big loss for the brokers.
Few months ago I wrote that post and said that "LR is not Financially regulated", now we know what can happened!
I got reported that, if you are using LR, few brokers will allow you withdraw using another payment method that they support, include WebMoney, MoneyBooker (Skrill), Paypal, etc.
Few brokers will allow you withdraw but only part of your money and they will steal the rest :32 (34):
Check below for broker status:
MasterForex - no restriction - Fasapay, Mpay, Bank transfer [source]
RoboForex - no restriction - any available payment method [source]
LiteForex-no restriction - any available payment method [source]
OctaFX - no restriction - any available payment method [source: chat with support]
GAINSY - no restriction - any available payment method [source: chat with support]
Exness -no restriction - any available payment method [source]
InstaForex - withdraw restricted 6 months, after that deduct from an account 50% of all the funds deposited through Liberty Reserve - any available payment method [source]
Weltrade -no restriction - any available payment method [source]
FBS -no restriction - Webmoney, Moneybookers, Bank Wire Transfer, Local Bank Transfer in IDR [source]
TradeFort - Do not allow withdraw [source]
FXOptimax - fee may apply - Perfect Money/ others [source]
Mayzus -no restriction - any available payment method [source]
If you need information about Forex brokers, such as where the company based, regulation situation, etc. You can always check it at: Forex Brokers - List of Online Forex Broker in Comparison
What about your brokers? Comment below and I will update the list.
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