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Withdrawal issues!

Mar 23, 2021 at 07:33
1,348 Views
22 Replies
Member Since Nov 23, 2020   15 posts
Mar 23, 2021 at 07:33
Have you guys faced any documentation issues with your broker while trying to withdraw your money? I have used plenty of brokers - both regulated/unregulated - and never faced an instance where I was asked for heaps of papers just to take out the small sum I got in my trading account, is this common?
Member Since Jul 19, 2020   788 posts
Mar 24, 2021 at 13:54
Freddraven posted:
I don’t think that it is common because I didn’t face any such issue with all the brokers that I have traded through.
Yes, I agree with you. I have never been in such a problem so I have less idea about this subject.
Member Since Dec 28, 2020   187 posts
Mar 25, 2021 at 08:28
You are withdrawing your own money, I don’t think such kind of issue really exists, even I haven’t faced such things till now.
Member Since Oct 23, 2020   37 posts
Mar 25, 2021 at 09:23
These issues happen very much with those traders who opt for unregulated brokers. These brokers are just behind your money and would never leave an opportunity from which they can earn.
Member Since Oct 26, 2020   37 posts
Mar 25, 2021 at 11:29
Jakemark posted:
These issues happen very much with those traders who opt for unregulated brokers. These brokers are just behind your money and would never leave an opportunity from which they can earn.
Are you sure buddy? Because I am trading with a non-regulated one and I didn’t face any problems nor do they charge me extra for anything. Moreover they don’t put any restrictions on me for the kind of strategies to use.
Member Since Mar 24, 2021   6 posts
Mar 26, 2021 at 11:49
I always to a small deposit and a small test withdrawal first to check for any road bumps that the broker may throw at me
Member Since Mar 26, 2021   29 posts
Mar 26, 2021 at 13:36
It's good that I don't have such problems, how many times I have already withdrawn from the broker Amarkets to different wallets, and I have never had any problems.
Member Since Nov 23, 2020   15 posts
Mar 30, 2021 at 04:49
groundhogday posted:
I always to a small deposit and a small test withdrawal first to check for any road bumps that the broker may throw at me
Yes that seems like a much wiser thing to do
Member Since Dec 22, 2020   3 posts
Mar 31, 2021 at 04:59
Take a look at any specific fees, delays, and rules of withdrawal very carefully. But remember that all guidelines and fees don’t always mean a scam.
Member Since Jun 23, 2020   26 posts
Mar 31, 2021 at 07:48
I have never faced any issues with withdrawals. Are you sure you’re not overtrading?
Member Since Oct 16, 2020   137 posts
Apr 08, 2021 at 11:13
I don't think there should be an issue while withdrawing a small amount of money. No broker will ask for any documents . However, documents might be asked for while verifying your account in the first place.
Member Since Apr 02, 2021   9 posts
Apr 21, 2021 at 05:25
If you are facing issues with withdrawals, you should contact your broker.
Member Since May 24, 2020   112 posts
Apr 21, 2021 at 08:55
If brokers are really normal, then you can solve any financial issues with their managers
Member Since Aug 20, 2020   27 posts
Apr 21, 2021 at 15:04
I had a terrible experience with several brokers during withdrawals. Some took days to solve the issue, and some kept asking me to verify my account. Because of these issues, I burned many accounts.
Member Since Dec 28, 2020   187 posts
Apr 22, 2021 at 08:25
This is a very uncommon issue, usually brokers didn’t ask for any documentation while making a withdrawal irrespective of the amount. It’s client money and he can withdraw whenever he wants.
Member Since Apr 03, 2021   12 posts
Apr 23, 2021 at 10:39
Brokers do ask for some documentation for the general formalities when you open an account. But that could differ.
Member Since Jul 23, 2020   759 posts
Sep 07, 2021 at 14:53
It is a realistic return in my opinion. Many dreams lots more than that.
Member Since Jul 23, 2020   869 posts
Sep 08, 2021 at 15:49
Before choosing a broker see their deposit and withdraw system first.
Member Since Aug 20, 2020   27 posts
Sep 13, 2021 at 13:47
I have not faced any withdrawal issues for over nine months with them. The withdrawals are also smooth without any problems like withdrawals being held backed.
Member Since Mar 15, 2019   82 posts
Sep 15, 2021 at 00:34
I can't say I have had that issue personally, but have heard of it.... I have only uploaded docs during KYC at account opening. Could just be security for a big withdrawal? Which company is it?
All or nothing
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