de | cn | ru

Brokers News

LiteForex: Transferencia Bancaria Local Now Available for Withdrawals

With all the fuss recently surrounding the arrest of Liberty Reserve's owner Arthur Budovsky Belanchuk and the consequent suspension of his dubious business, brokers worldwide have begun looking for possible replacements to make up for the loss of this particular money transfer method. Just last Wednesday, we reported on Mauritius-based NordFX introducing Yandex.Money to its offering, an alternative online payment service, exceptionally popular among Russian traders. Today, yet another foreign exchange provider but this time headquartered in the Seychelles, LiteForex, announces an improvement in its electronic payment arrangements, specifically aimed to cater to the needs of its South American clientele. 
From today onward, the popular Transferencia Bancaria Local (TBL) becomes available not only for making deposits with LiteForex but for carrying out withdrawals as well. 
TBL is a service of London-based global payment solutions provider, Minerva Data Ltd. It is backed by a substantial banking network which includes institutions throughout Brazil, Mexico, Peru, Argentina, Chile and Uruguay. In its essence, TBL is quite similar to a bank transfer which makes it incredibly easy to operate. Filling out a withdrawal application takes only a couple of minutes and all you'll be asked to provide as information is your full name, the number of your identification document, the sum you'd like to cash out and your bank details. Once this is done, you should expect to receive the requested amount in local currency into your banking account within 2 working days. Simplicity at its best. Deposits are even processed faster and require no more than 20 minutes. Also, if you've used Boleto Bancario, another service of Minerva Data and among the most popular payment options in Brazil, to deposit funds with Liteforex, now there's no problem making the withdrawal with TBL.
And while we're still at it, let us mention another brokerage that expanded its online payment offering just at the start of last week. Like NordFX, Cypriot Mayzus Investment Company also selected a service which is particularly widely used throughout Russia and the Commonwealth of Independent States (CIS – QIWI. QIWI payments can be made in euros or US dollars, using QIWI prepaid cards, payment terminals or a mobile phone, through the VISA QIWI wallet. Here, all deposits you make are carried out instantenously while withdrawals take between one and four business days to process. This is quite standard for Mayzus and is something that extends to all other electronic payment methods that the broker offers.

About LiteForex

LiteForex Company was established in 2005, aiming to make the Forex market an accessible, safe, easy and profitable place. With this in mind, the brokerage was the first to offer cent accounts with an initial deposit of 1$. 
At present, LiteForex is among the leading Forex brokers offering services to traders with all levels of expertise from across the globe. It is on the list of top 100 companies according to World Finance.


TAGS: liteforex  tbl  transferencia bancaria local  withdrawals  forex  forex broker  brokerage  trade  trader  clientele 

More news about LiteForex

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website
Hong Kong SFC MarketSpeed FX,
Trading Station
$1 Review

More Forex Brokers News

#FBS2020: FBS Gives Away Lucky Gift Boxes In A New Year Promo

Dec 09 2019 14:36:59

As many companies out there, FBS broker finishes off its year with a New Year promotion for its clients. At the end of 2019, they are offered to create a fancy Thank You e-card for their loved ones and get a gift box full of nice surprises. Read more

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons:    a) it’s playable;  b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

  Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

de | cn | ru