As you probably know, today's Forex market can offer you a bunch of excellent moneymaking opportunities leading you to stable profits, which further translate into financial freedom. Still, trading in financial markets can be subject to major financial risks if the trader trades recklessly and behaves like a compulsive gambler in a casino. On the other hand, a pro trader always makes his/her trading decision based on the degree of risk coupled with expected returns. In simple words, his actions are based on a decent strategy with moderate risk and acceptable reward.
Forex Trading Expenses: Threats and Ways of Cutting Trading Costs
When it comes to professional Forex trading (or pretty much any other financial trading), the trader or investor is fully aware of the act that apart from unavoidable risks he/she has to put up with some expenses. As a matter of fact, these are various spreads, withdrawal commissions and other fees deriving from various extra services or even from such trading phenomena as slippage and re-quoting. With that said, pro traders always take these expenses into account when building their strategies. Some of them try to cut those trading costs by all means.
With that said, deposit / withdrawal fees charged by various payment systems are some of the most substantial expenses in the career of a successful trader. More often than not, when withdrawing the profits, such traders lose 1-2% of the transaction sum on average.
This issue has remained unresolved even though some Forex brokers do their best to resolve it. While some brokers provide refunds and other ways of cutting deposit/withdrawal fees, RVD Markets decided to approach the problem in a different manner.
First of all, RVD Markets fully covers all the transaction fees charged by various online payment systems (WebMoney, Skrill, Perfect Money etc.) as well as such giants as VISA and MasterCard.
At the same time, RVD Markets has introduced another way of transacting funds. This one is called UnionPay.
UnionPay Benefits for Forex Traders
UnionPay is China's biggest payment system. It was launched in 2002. At this point, this is the world's leader in terms of issued credit/debit cards, Masterforex-V Academy reports. According to RVD Markets, UnionPay offers premium-quality, safe and beneficial financial transactions worldwide, both for the growing number of UnionPay users and vendors.
As for the traders working with RVD Markets, UnionPay provides the following benefits:
- fast, easy and efficient balance transactions
- safe and secure payments at all times thanks to multiple technologies backing this security
- real-time payments
- backed by over 180 banks worldwide
On top of that, after UnionPay was introduced as a payment option, all the clients of RVD Markets got instant access to personal, trading and PAMM accounts denominated in the Renminbi (the Chinese Yuan - China's nations currency). If to consider the fast, that China is doing its best to become the world's biggest economy, thereby ousting the USA, the Yuan is getting more popular among smart traders and investors in Asia and worldwide.
With that said, when trading with RVD Markets using UnionPay, you can turn the Yuan into an asset brining you extra profits on a regular basis. You can trade the Renminbi the way you trade other Forex currencies.
For more details on the contract specifications, please follow the company's official website at https://www.rvdmarkets.com/en/forex_trading_terms/trading_instruments
Good trading!
