How can I transfer funds from Payoneer to Interactive Brokers?

Transferring funds from Payoneer to Interactive Brokers is not a direct process. Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital. On the other hand, Interactive Brokers is an electronic brokerage firm. It’s important to note that Interactive Brokers does not accept third-party deposits, which means the name on the bank account must match the name on the Interactive Brokers account. Therefore, you would need to first transfer the money from Payoneer to a bank account under your name, and then from that bank account to your Interactive Brokers account. Always ensure to check the fees associated with these transfers on both Payoneer and your bank’s end.