While there are many things you should consider when choosing a broker to work with, the flexibility in funding and withdrawing your profit from your trading account is one, if not, the most important factor to take into account.
For one thing, one of the most common frustrations of newbie traders, especially in Cameroon and other developing economies is the difficulty that comes with depositing and withdrawing money from their accounts.
Besides, of what use is a broker to you if you’re unable to fund your account or withdraw your profit? Today, we introduce you to IronFX, one of the most flexible brokers in the market.
Take a step to trade with us by opening your trading account today.
How to Deposit and Withdraw with Mobile Money on IronFX
Before now, you could only deposit and withdraw money on IronFX by bank transfers, credit/debit cards, Skrill, China Union, Neteller, and a host of other payment options.
For traders in Cameroon and other parts of Africa, this meant they couldn’t fund or withdraw from the platform without going through hell.
However, the Cyprus-based broker is focusing on traders in Cameroon and other parts of Africa by leveraging the inclusive fintech solution of mobile money wallet payment introduced by telcos, which has gained strong grounds in Africa.
Cameroonians on IronFX can now fund and withdraw from their trading accounts using their MTN Mobile Money or Orange Money accounts. The broker already supports mobile money payments in many parts of Africa.
Your Live and Demo Accounts as Your Starting Point
Before you can deposit or withdraw from IronFX using Mobile Money, you need to register a live trading account on the platform to get started.
How to Open a Live Account with IronFX
Opening a Live account with IronFX is easy. All you need to do is to:
- Follow this link to sign up
- Select the platform of choice (MetaTrader 4)
- Answer questions about your trading experience
- Verify your identity
Depositing & Withdrawing Funds Using Mobile Money
- Log in to your Live account on IronFX.
- On your dashboard, click on the Deposit (if you want to fund your account) or Withdraw (if you want to withdraw your profits) button.
- On the next page, you’ll be able to see all the different payment methods available.
- Choose the payment method that suits you (in this case, MTN Mobile Money or Orange Money).
- Add your personal information including your MTN Mobile Money or Orange Money account number and the deposit or withdrawal amount.
- Click submit and approve the transaction on your phone to complete your request.
Practice, they say, makes perfect. This saying holds true, especially for the market. With IronFX, you have access to up to a $10,000 Demo account to practice as you ride on your trading journey with us.
If you’re still new to Forex trading, having a Demo account alongside your Live account is a good way to practice and succeed.
IronFX provides a Demo account feature that helps new traders to learn to trade in real life. Though the IronFX Demo account is primarily for new traders, it can be used by professionals as well to test new trading strategies and other purposes.
The IronFX Demo account has multiple features starting from ample investment options to multiple trading activity options.
With this Demo account, you have access to virtual cash which you can use to buy shares and you will be able to trade using the same.
What’s more, you can learn to use different technical tools and read the charts for analyses.
Take a step to trade with us by opening your trading account today.
