Binary Options Brokers that Accept Santander
Binary Options Brokers that Accept SantanderNovember 20, 2013
Santander is a Spanish bank that offers a simple and hassle-free way to deposit funds into your trading account. It’s important to understand that not all brokers accept this form of payment, in fact the only one I can think of these days is Anyoption, whom exceeds all other brokers in terms of diversity in depositing and withdrawal options. Additionally, as opposed to brokers such as Redwood Options, Optimarkets, or 247Binary, Anyoption is a regulated broker with a license from CySec (Cyprus Securities and Exchange Commission) and the ICF (Investor Compensation Fund). It also means no US traders are accepted in Anyoption.
Santander is one of the biggest bank in the world, and the biggest bank in Spain, which is the world’s 12th largest economy. Despite all the issues Spain has encountered with the real estate bubble and Eurozone fiscal policies, Santander was able to whither the storm and come out unscathed.
Santander is usually a preferred banking option for Spanish traders, however recently it has become more popular in the UK as well as France. This is because of the simplicity and ease-of-use associated with opening and transferring funds from your bank account to your trading account.
How Does it Work?
Once you complete registration you will be directed to the cashier section, where a selection of payment methods will be made available for you. Simply select Santander and you will be directed to your bank account where you will be able to transfer the funds and start executing trades. The money is displayed in your trading account immediately, so there is no need to wait.
Depositing carries no fees with the broker, however there are fees associated with the bank and this varies according to amount. Regardless, there will always be transaction fees so the only comparison you need to make is with other banks or E-wallet solutions like Moneybokers (Skrill) or Neteller and not the broker.
In conclusion, Santander is probably one of the most secure and reliable ways to deposit funds into your binary options or Forex trading account. But even more importantly, once you fund your account using this payment method, withdrawing is that mush easier since all the broker has to do is send money to a bank account which is already registered on your name. This saves you a lot of time and hassle when wanting to cash out your winnings in the future.