bookmaker that accept ecurrency deposit/witdrawal options
EminiForecaster
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Hi there pkingx
LiteForex, a forex market maker has added E-bullion and Liberty Reserve to their funding options. Currently they do have Webmoney, cashU and e-Gold in the list.
More forex brokers are opening up to accepting forms of digital money. This gives traders and consumers more options in terms of fundings. But do you notice most of the forex brokers that accepts Webmoney or any other forms of online money are still only market makers?
I think it will take a lot more time before ECN brokers will be willing to accept merchant accounts from digital money transmitters. Again, this is an issue of AML (Anti Money Laundering), which an ECN wouldn’t want to risk with regulatory bodies of their government which they are operating in.
Also, the different market segment differs greatly when market makers target the masses and expanding the funding options to attract different types of traders/ consumers make sense, and ECNs go for corporate and bigger accounts, thus it might be cumbersome to them, not forgetting about the remitting costs a merchant has to incur.
LiteForex, a forex market maker has added E-bullion and Liberty Reserve to their funding options. Currently they do have Webmoney, cashU and e-Gold in the list.
More forex brokers are opening up to accepting forms of digital money. This gives traders and consumers more options in terms of fundings. But do you notice most of the forex brokers that accepts Webmoney or any other forms of online money are still only market makers?
I think it will take a lot more time before ECN brokers will be willing to accept merchant accounts from digital money transmitters. Again, this is an issue of AML (Anti Money Laundering), which an ECN wouldn’t want to risk with regulatory bodies of their government which they are operating in.
Also, the different market segment differs greatly when market makers target the masses and expanding the funding options to attract different types of traders/ consumers make sense, and ECNs go for corporate and bigger accounts, thus it might be cumbersome to them, not forgetting about the remitting costs a merchant has to incur.
