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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 

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Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
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UK FCA MT4, Web, MT4
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