SOFORT Brokers - Deposit Method

What Is SOFORT?

SOFORT is an online banking payment solution available to customers with bank accounts from Austria, Belgium, Germany, Italy, Slovakia, Spain, Switzerland or the Netherlands. The SOFORT company was established in 2005 and is based out of Munich, Germany. SOFORT quickly became extremely popular in Germany and other countries and now accounts for over 3 million online transactions per month and is accepted by over 25,000 online businesses. SOFORT provides a fast, secure, and convenient payment method that connects a user’s bank account directly to the merchant. It’s so easy that SOFORT users don’t even have to register with a third-party service or create new login details for another account. The payment process is directed to your familiar online banking account, making it one of the safest and most secure methods of online payments.

Benefits of Deposing with SOFORT

SOFORT is one of the best depositing methods for traders who have access to this payment method. See below the various benefits.

Safe & Secure – SOFORT utilizes multi-level authentication for your online banking details, including a confirmation code in which only the user has access too. As well, the online trading brokerage does not have access to any of your confidential banking details.

Large Deposits – SOFORT allows transfers of up to 25,000 EURO’s per 24 hrs. This method is great for users who wish to deposit large amounts of funds for very quickly and for minimal fees.

Fast Transactions – Deposits are very fast, usually taking only minutes to complete. As well, the process of submitting a deposit is very simple and fast.

Convenient – No additional registration is required for SOFORT. Once you have a bank account that supports SOFORT, there’s no need to create additional accounts like there is for other payment processors.

Low Fees – There are very low fees associated with SOFORT. Any fees incurred are from the brokerages end.

How to Deposit via SOFORT

SOFORT supports one of the most simplified depositing processes there can be. Users do not need to go through lengthy forms or fill out any information, as this is already done on the user’s banks end. To learn just how easy it is to make deposits with SOFORT, follow the steps below.

First step is to log in to your online broker account. Then, you must navigate to the deposit section and select SOFORT from the list of available payment methods.
Next, type in the desired amount you wish to deposit into your account and click submit.
You will then be prompted to select which bank you would like the deposit to come from.
Once selected, you will be redirected to your personal online banking environment.
From here, you enter your personal banking details for logging in (username, password, security question).
Once logged in, you will be able to review the transaction details. Click submit and the deposit will be processed in a matter of seconds.
You will then be redirected back to you trading account where you will see your completed deposit.