|UK, Cyprus||/5||$500||Visit websiteWebsite|
|USA, Canada, UK, Singapore, Australia||/5||$1||Read the review|
|Australia||/5||$50||Read the review|
|Australia||/5||$450||Read the review|
|Australia||/5||$1||Read the review|
|Australia||/5||$100||Read the review|
|Cyprus, Australia||/5||$100||Read the review|
The almighty green bill is synonymous with the free-market economy, making it the most iconic currency there is, the one that spins the world around, never resting for a moment because if it did the world would pause with it.
Domestic Wire Transfers withdrawals in USD come at a price ranging from $20 to $35 per transaction. International Wire withdrawals can sometimes come with hefty charges also, reaching $40 per transfer with given brokers.
Wire Transfers used for depositing are often free of charge from the broker, on both international and local levels. However, fees may be issued by the banks involved in the transaction.
Local Bank/Wire transfers using the USD take some 1-3 days to process, while international Wire Transfers may take up to 5 days, and occasionally more.
On another note, payments in USD using Skrill, Neteller and PayPal are instantaneous. However, there are fees attached to these alternative methods.
Skrill charges 1.45% of the sum for sending money; all moneys receive via Skrill are free of charge.
The usual Neteller fee for uploading is 2.5% of the sum transferred. For withdrawing in USD, Neteller will charge you with the following fees that depend on the methods used to withdraw: Bank Transfer ($10); Member Wire ($12.75), Money Transfer (1.45% Min. Fee $0.50), Net+ Prepaid Mastercard (0 – 1.75%)
PayPal fees occur when a user is at the receiving end of a deal. In the US the standard PayPal fee is 2.9% of the sum plus $0.30 (per transfer).
It’s important to remember that Credit Cards have been ruled out by the NFA, and so are not available as payment method in the United States. Debit Cards on the other hand are available, and their transaction waiting times should be no more than a couple of minutes, yet there are case where payments takes up to 5 days. (link to Oanda review). As for any fee related to Debit Cards payments, trader will be glad to know that most US brokers have waived them.
Checks and ACH Transfer (Automated Clearing House) are the typical alternative payment methods for US brokers. Paper checks can be used in both withdrawing and depositing, and both can take on average 7 days to finalize. ACH deposits/withdrawals processes can take anywhere from 24 hours to 7 days, depending on the broker. Both alternative payment methods have zero fees attached to them.
97% of all US dollars in circulation today are printed and distributed by the Federal Reserve Bank, which is in fact a non-government entity.
The US dollar is the legal tender and official currency in a total of eight countries. These are El Salvador, the Marshal Islands, Micronesia, East Tumor, Zimbabwe, Palau, Ecuador and the United States.