How Do I Transfer Money Between Accounts In My Broker Account: Plexytrade

Introduction

Internal transfers in Plexytrade allow you to move funds between your wallet and trading accounts (MT5 accounts) seamlessly. This guide will walk you through the steps needed to perform internal transfers within your Plexytrade account, whether you’re moving funds to trade, transferring between trading accounts, or preparing funds for withdrawal.

Why Use Internal Transfers?

You may need to perform an internal transfer in Plexytrade for various reasons, such as:

• Moving funds from your wallet (after deposit) to your MT5 trading account to start trading.
• Transferring funds between different MT5 trading accounts.
• Moving funds from an MT5 trading account back to your wallet to prepare for withdrawal.

How to Access Internal Transfers

1. Log in to Your Plexytrade Account.
2. Navigate to the Dashboard.
3. Click on Internal Transfer at the top of the page.

This will take you to the Internal Transfer section, where you can easily manage your fund movements.

Steps to Perform an Internal Transfer

1. Transfer from Your Wallet to an MT5 Account

If you’ve just deposited funds into your Plexytrade wallet and want to move them to an MT5 account for trading, follow these steps:

1. Select the Source: Under "Transfer From," choose Wallet.
2. Select the Destination: Under "Transfer To," choose Trading Account and select the desired MT5 account.
3. Enter the Amount: Specify the amount you wish to transfer.
4. Click Transfer: The funds will instantly move from your wallet to the selected MT5 account.

Example:
If you deposited $1,000 into your wallet and want to transfer it to a new MT5 account, select your wallet under "Transfer From," the MT5 account under "Transfer To," enter $1,000, and click Transfer. Your wallet balance will decrease by $1,000, and your MT5 account will reflect the deposit.

2. Transfer from an MT5 Account Back to Your Wallet

To move funds from an MT5 account back to your wallet, perhaps for withdrawal or to transfer to another MT5 account:

1. Select the Source: Choose Trading Account under "Transfer From" and select the MT5 account you want to transfer funds from.
2. Select the Destination: Under "Transfer To," choose Wallet.
3. Enter the Amount: Specify the amount you wish to transfer.
4. Click Transfer: The funds will move from the selected MT5 account back into your wallet.

Example:

If you have $1,000 in your MT5 account and want to transfer it back to your wallet, select the MT5 account under "Transfer From," your wallet under "Transfer To," enter $1,000, and click Transfer. The wallet balance will increase by $1,000, reflecting the transfer.

3. Transfer Between MT5 Accounts

Direct transfers between MT5 accounts are not supported. Instead, you must use your wallet as an intermediary:

1. Step 1 - Transfer to Wallet:
• Select the source MT5 account under "Transfer From."
• Choose Wallet under "Transfer To."
• Enter the amount and click Transfer to move the funds to your wallet.
2. Step 2 - Transfer to Another MT5 Account:
• Now, select Wallet under "Transfer From."
• Choose the target MT5 account under "Transfer To."
• Enter the amount and click Transfer to complete the transfer to the new MT5 account.

Example:

To move $500 from one MT5 account to another:

• First, transfer $500 from the source MT5 account to your wallet.
• Then, transfer the $500 from your wallet to the target MT5 account.

Conclusion

Internal transfers in Plexytrade are quick and easy, allowing you to manage your funds efficiently. Whether moving funds to start trading, transferring between accounts, or preparing for a withdrawal, these steps will help you complete your transfers smoothly.