AdvCash (Advanced Cash) is a popular international payment system that offers plastic and virtual cards that clients can use to pay easily for goods and services all over the world. Thanks to the AdvCash popularity, many forex brokers adopted this payment system as one of the possible funding methods and are now accepting ADVCash as a method that traders can use for deposits and withdrawals.
Forex brokers accepting AdvCash
We have prepared for you a table of some of the best and most popular forex brokers accepting AdvCash. When funding AdvCash account you can make payments using the currency that works best for you (USD, EUR, RUB, KZT, UAH or BRL).
*Spreads were recorded for the currency pair EUR/USD.
What fees does AdvCash charge?
According to the AdvCash official website, account opening and monthly maintenance are free of charge. What is also free of charge is transferring funds to other AdvCash users and receiving funds from them. If you want to load up your AdvCash account, the company charges 5 EUR for SEPA transfers, from 3% to 3.5% for Visa / Mastercard / Mir card deposits. The company also supports deposits via Yandex.Money, QIWI or Cryptocurrencies.
How long does it take to forex brokers to process AdvCash deposits and withdrawals?
Usually, AdvCash deposits are processed instantly, withdrawals within 1 minute to 1 day. However, these time frames can differ from a forex broker to a forex broker, so to verify this information, please visit the website of a broker you are interested in and look at their deposit and withdrawal page where this piece of information should be stated.
Do forex brokers charge any deposit and withdrawal fees when using AdvCash?
Some forex brokers charge a small fee to process AdvCash deposits and withdrawals. Even though this fee is usually around 1%, it can be a substantial amount if you deposit large amounts to your trading account. For that reason, I advise visiting the deposit and withdrawal page of a broker you want to trade with (this information should be there).
Popular alternatives to AdvCash
If for some reason, you do not fancy using AdvCash when depositing and withdrawing money from your forex broker, you can consider other popular payment methods like M-Pesa and other Mobile money systems (Especially popular in Africa), Credit/debit cards, Payoneer, Paypal, Skrill or Neteller.