Guide: Internal Transfer Between Wallets

Multi-Wallet Storage EagleFX offers a unique multi-wallet funds storage system. Traders have the option to store funds in one of 3 Fiat wallets: USD, GBP and EUR.

There is an additional fourth wallet where tradable liquidity can be stored in BITs. BITs are a micro measurement of Bitcoin used to read Bitcoin Trading Account balances more easily.

A BIT is one-millionth of a Bitcoin: 1 BIT = 1 microbitcoin = 1 μBTC = 0.000001 Bitcoin (BTC)

Storing tradable funds in BITs allows traders to speculate on the price of Bitcoin while having instant access to tradable funds.

If BTC price starts to appreciate then traders can store funds in BITs to not lose out on a BTC price rise. BIT Wallet balances are relative to BTC price.

Should there be a projected BTC price downturn, traders can store their funds in one of the 3 Fiat wallets to lock in the value of their initial investment.

  1. Select Internal Transfer underneath Dashboard on the left-hand menu
  2. In the From Account field, select the wallet you want to move funds FROM
  3. In the To Account field, select the wallet you want to move funds TO
  4. Enter the amount to be transferred
  5. The conversion rate will be displayed
1e84733a Eaac 4cca A0d7 454c94ae390e
  1. Select Transfer to send funds to your desired wallet Once the transfer is complete, you will see the transferred funds in the wallet balances on the same screen.
  • To check wallet balances at any time, simply go to DASHBOARD for a review of wallet balances.

PLEASE NOTE:

Internal transfers are charged at 2% of the amount to be transferred - per transaction. Transfers between Wallets are unlimited.

Wallet balances are funds available to be transferred to trading accounts. Wallet balances are not reflective of MT4 Trading Account balances.

4316d5f5 7b1e 49e9 A01b 5990463b4a9c