It is important to know the different ways that you can fund your live trading account once you go through the process of setting up a new account with a forex broker, and some of the most widely accepted methods of account funding are credit cards, debit cards, paper checks, and electronic fund transfers.

Credit cards are typically only used for amounts under $5,000 so this can be a good solution if you are using a micro or mini forex trading account. Debit cards are better to be used if you contact your broker directly, because most of them have the capability to process debit transactions but do not advertise this fact directly on their website.

Paper checks can still be mailed and used for funding, though many institutions are becoming more comfortable using electronic funding methods. Wire transfers and direct funds transfers are a popular form of moving money into and out of your trading account, and are probably the best solution for amounts above $5,000.