Was wondering if there are any other Aussie traders (and investors) here?
For any aussies looking to open an account here at Darwinex I thought I’d share my experiences when trying to fund my account using a card. As I since found out, we can’t, and can only fund via bank transfer…reasons are as follows (direct reply from my Bank)
"The reason this is being declined is due to the fact that we have placed a block on card transactions for merchants that buy, sell, and broker securities, stocks, bonds, commodities, and mutual funds. We do however still allow transactions to go through to these merchants if they are based in Australia, New Zealand, USA, Canada or France.
This is to reduce and address our customers from being duped into binary trading investment scams and applies to Credit, Debit and Commercial Cards. We have been advised to implement this by the Australian Securities and Investments Commission (ASIC) and the Financial Ombudsman Service."
As usual because some people require ‘nannying’ governments all too well love to force us all to be nannied