8. What kinds of money transferring methods are supported by the broker?
In recent years, electronic methods of transferring money have become very common and popular. The main advantages of these methods are the speed of transferring, simplicity of use and availability via internet. For sending money to other countries by traditional banking methods, such as wire transfers, you may have to (physically) go to the bank in your country, wait 2 or 3 working days for the transfer to take place and pay expensive transfer fees. But, by using electronic money transferring methods, every one can send and receive his/her money via the internet and usually at the time of applying.
Some brokers support several kinds of electronic money transferring methods. Be careful though because some brokers support more methods for receiving money than for sending it and have limitations on how much money you can send or receive. As a result, it is better to select a broker that allows you to send your initial capital easily and also to receive your profit quickly and without any limitation.
However, some electronic money transferring methods are not supported in some countries and some of them have special limitations regarding sending or receiving money for some countries. Some also charge higher transferring fees than others. So, it is better to find out which of the transferring methods are possible, simple, and cheap where you live and then to look for brokers that support these methods.