AVOID - MANY better competitors BE WARNED they will close your account in a moments notice, treat you like dirt and in cases i've heard of take your money. Absolutely disgusting company. Used for years for basic transactions and exchanges. Gave me 3 days warning of closing my account. No explanation given and refusing to give details. I requested a detailed explanation with transactions for what made up thing i've violated. Refused to explain. I ran 5 figures through this account for many years purely due to ease of exchanging and paying family and purchases. I haven't violated any of their generic terms. HOWEVER there are many competitors which do it better and don't treat you like dirt.