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August 15, 2016

Question:How to transfer funds via "Broker-to-Broker" for Tradeview's accounts?

Answer:

NY based online Forex broker, Tradeview has got full of advantages for traders.

If you are using another broker to trade Forex, and looking to start trading with Tradeview in the future, you may be able to save some extra commissions for transferring money by doing direct “Broker-To-Broker” transfer.

Tradeview accepts direct money transfers from other brokers.

To complete the process there is a few things for you to do.

Tradeview Official Website

“Broker to Broker” transfer needs permission

“Broker-To-Broker” transfer literally means the direct money transfer from a broker to another.

Instead of withdrawing funds to your bank account and making a deposit again to another, you can complete the whole process with just one transfer by filling up the form.

Although, B-to-B transfer is not preferable for the broker losing a client for another broker, and it is just a waste of time for the broker to process transfer for another broker to get the client.

Thus not so many brokers accept B-to-B transfer in case they are not receiving the fund but losing the fund for another broker.

So the first thing you need to do, is to ask your current broker if they allow its traders to transfer funds to another one directly.

If they don’t accept it, then you will need to withdraw your funds as normal to your bank account and make a deposit again to Tradeview later.

From another broker to Tradeview

If your current broker allows its traders to transfer funds to another broker directly, then please fill in the form attached below and submit it to your broker and Tradeview.

Tradeview broker to broker External Transfer Form v2.1

tradeview broker to broker b to b transfer form

 

The document specifies where the fund needs to be transferred. You broker should understand the whole information of the document by submitting it.

As this “B-to-B” transfer will be made via bank wire transfer, it may take up to 5 days until the fund to be received by Tradeview after the process is done.

If you believe your withdrawal/deposit methods may take lesser days, then you are also welcome to proceed with your own way as normal.

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