Global Broker Regulation Inquiry App
WikiFX
Davis Wu
1-2 years

Which types of payment options are available for making deposits and withdrawals with RGL, such as credit cards, PayPal, Skrill, or cryptocurrencies?

Broker Issues
RGL
Withdrawal
Deposit
08-21
United States
WikiFX
Reply

In my research and experience as a cautious forex trader, I always prioritize understanding deposit and withdrawal methods, especially when dealing with high-risk or unregulated firms. For RGL, I've noticed that their payment options are fairly traditional. Specifically, they accept payments through MasterCard, Visa, and UnionPay. In addition, they support local mobile transactions via the bKash app, which is popular in Bangladesh. However, I haven’t seen any evidence of support for PayPal, Skrill, or cryptocurrencies. The lack of mention of popular e-wallets like Skrill or PayPal, and the absence of crypto options, is a limitation for traders who value flexible, borderless transactions. While credit and debit cards do cover standard needs, I urge anyone considering RGL to exercise caution given the absence of regulation and the high potential risk rating highlighted in my research. Without a robust regulatory framework, even basic payment channels might not offer the recourse or reliability I'd demand before making a deposit. In summary, RGL offers MasterCard, Visa, UnionPay, and bKash for transactions. For me, the lack of regulatory oversight heavily outweighs the convenience of these options, and I recommend extreme caution when evaluating funding any trading activities here.

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United States
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