I have used all kinds of brokers till now, from offshores to domestic - even the ones that are not regulated - in the hope of finding a broker that is fast in execution and withdrawals. I wait days for seeing my profits in my account and I hear traders saying their’s takes a day, is it really possible? If yes, please suggest some names, except bucket shop recommendations.
A day is most unlikely, most withdrawals take 3 to 4 weekdays to process. What you should look at is if any withdrawal amount is charged by your broker. Some brokers charge this amount for all kinds of trading volume and in my opinion those are not worthy brokers. Again with order executions, you can expect some slippage on most if not all platforms.
Lorencecolling posted: 3 days is standard time that most brokers take. I doubt you’ll find any which will make this process faster. Your bank will also take its own sweet time.
I have even dealt with brokers that take up to a week, so 3 days seem too good to me. On spreads I have been rather lucky. Getting as low as 0.3 pips on IC Markets (my current broker). Withdrawals generally take about 5 days.
Sarjohn posted: First choose a regulated broker; they will care for your fund security and will process your withdrawal on the same day. It also depends on your withdrawal method you choose to withdraw.
I’ll be using my bank cards mostly, I mean no skrill type or bitcoin payments. And yes, I do intend to use a regulated broker exclusively. Quite particular on that, but that hasn’t proven to be a fast track method for me to receive my payments.
Markwoods posted: Freshforex takes only few minutes and charges no commissions. Amarkets - just about an hour
This makes no sense because where withdrawals actually get stuck is at third party. So you ought to to check with your bank how much time they would take. And obviously there will be no movement on weekends. Even if brokers like Roboforex say they do the processing on the weekends too.
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