When depositing funds, you can choose to fund either your Wallet (Fiat) or a specific Trading Account. Therefore, you may later need to move these funds. The “Internal Transfer” feature allows you to move capital instantly between your Wallet and Trading Accounts in both directions without any fees.
Why use Internal Transfer?
💡Pro Tip (Risk Management): You don’t need to keep all your capital in your trading account. You can keep the majority of your funds safe in your Wallet and transfer only the necessary amount to your MT5 Account instantly when you want to trade.
Step-by-Step Guide:
1. Navigate to Transfer: Log in to your user panel. Go to the “Fund” menu and click on “Transfer“.
2. Select Source Account: In the “From” field, select the account/wallet where your money is currently located.
- This can be your Wallet (Fiat) or one of your Trading Accounts
3. Select Destination Account: In the “To” field, select the trading account where you want to send the money.
⚠️ Important Rule: Transfers can only be carried out between accounts of the same currency (e.g., USD to USD). If a specific account does not appear in the list, it means its currency does not match your source wallet.
4. Enter Amount: Enter the amount you wish to transfer.
5. Confirm Transfer: Click the blue “Transfer” button. The funds will be moved instantly, and you can start trading immediately on your account.
Need Help? If you encounter any questions or problems, please contact the ParamountMarkets support team. We are always ready to answer your questions and provide the necessary guidance.