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Can withdrawals be processed in less than a day?

lauranutt
Feb 24 2021 at 12:14
36 Posts
dennisstanley posted:
Just did some more digging, and Fxview offers something called ‘Negative balance protection’? What is that, is it like even if I bet against the tide, my balance will never be in minus?

Yeah, I guess that’s what that means. I’ve never been so careless with my capital that it stood a chance of going negative but to answer your question, yes, that’s what negative balance protection means.

donelderly
Feb 25 2021 at 11:58
22 Posts
BrantleyC posted:
i was baffled too, cysec and FCA are good ones to count as regulations for fxview, or any broker per say.

That is right and I agree! Don’t know what I would’ve done without regulation. Can’t seem to put my trust just anywhere. Is that common?

Marlonsmith
Feb 26 2021 at 04:10
28 Posts
donelderly posted:
BrantleyC posted:
i was baffled too, cysec and FCA are good ones to count as regulations for fxview, or any broker per say.

That is right and I agree! Don’t know what I would’ve done without regulation. Can’t seem to put my trust just anywhere. Is that common?

Having a preference for a broker or regulation is more of a personal thing and it entirely depends on the trader so why not!

LyudmilLukanov
Feb 26 2021 at 04:57
793 Posts
Marlonsmith posted:
donelderly posted:
BrantleyC posted:
i was baffled too, cysec and FCA are good ones to count as regulations for fxview, or any broker per say.

That is right and I agree! Don’t know what I would’ve done without regulation. Can’t seem to put my trust just anywhere. Is that common?

Having a preference for a broker or regulation is more of a personal thing and it entirely depends on the trader so why not!

I prefer regulated broker. It gives maximum fund security in trading.

Tyronemings654
Feb 27 2021 at 06:25
15 Posts
donelderly posted:
BrantleyC posted:
i was baffled too, cysec and FCA are good ones to count as regulations for fxview, or any broker per say.

That is right and I agree! Don’t know what I would’ve done without regulation. Can’t seem to put my trust just anywhere. Is that common?

Idk I'm kind of okay with any broker. These things don’t matter to me much. Just the trading conditions ought to be right.

irkedduff
Feb 27 2021 at 10:03
26 Posts
@Marlon But how good or bad a platform can turn out to be is another thing right. I mean you can’t just judge a broker based on your individual liking. There has to be more to account for, be it regulation, commission or even spreads. What brokers do you use?

Marlonsmith
Mar 01 2021 at 06:10
28 Posts
irkedduff posted:
@Marlon But how good or bad a platform can turn out to be is another thing right. I mean you can’t just judge a broker based on your individual liking. There has to be more to account for, be it regulation, commission or even spreads. What brokers do you use?

I think we got off track here. That was not what I was implying. Of course these things matter otherwise why would people go for a broker in the first place. Their services and conditions do matter. As for me, I’ve been using Instaforex and Fxview because of their very tight spreads. The fact that they are regulated sure comes as a bonus.

Calacti
Mar 02 2021 at 04:47
37 Posts
LyudmilLukanov posted:
Marlonsmith posted:
donelderly posted:
BrantleyC posted:
i was baffled too, cysec and FCA are good ones to count as regulations for fxview, or any broker per say.

That is right and I agree! Don’t know what I would’ve done without regulation. Can’t seem to put my trust just anywhere. Is that common?

Having a preference for a broker or regulation is more of a personal thing and it entirely depends on the trader so why not!

I prefer regulated broker. It gives maximum fund security in trading.

So do I! It’s hard to go for just any broker. I have spent years working as an engineer to earn this money and I cannot put it with a broker that I cannot trust.

antonyhollinwooe
Mar 02 2021 at 10:49
34 Posts
The time taken to withdraw funds depends on the funding method you have chosen. Some methods might take more than a day to process withdrawals. But as long as you are using reputable brokers, I don’t think this must be a matter of concern because you know that you will get your funds in the minimum possible time.

tacosgild
Mar 02 2021 at 13:10
18 Posts
There can be a huge difference between what a broker claims and what it actually offers. Instead of going by what a broker is saying, you could maybe try some of them with low amounts to come to a conclusion. For me also, fast withdrawals are an important consideration, so I found Fxview and Pepperstone quite helpful in this regard. But it was only after I had used several other brokers who only made claims and did nothing like that.

EdenStrategies
forex_trader_[1996705]
Mar 02 2021 at 15:20
18 Posts
Withdrawals can be processed on a day and you have your bank accounts credited same day. Most of the clients i trade for always have their accounts credited same day.

williamhayes
Mar 03 2021 at 06:00
39 Posts
I don’t think there is any point in trading when you can’t even expect your broker to provide you with fund security. Most of us trade forex because we wanna make some extra cash on the side and if our broker can’t help us with our requirements, it’s better to look elsewhere.

pearlstephens
Mar 03 2021 at 10:12
4 Posts
As far as I know, most brokers process withdrawal requests within 24 hours. But the time required for the funds to be transferred to an account depends on what payment method the trader is using to fund their account.

shaunmarsh
Mar 03 2021 at 12:25
65 Posts
PensionPay posted:
Withdrawals can be processed on a day and you have your bank accounts credited same day. Most of the clients i trade for always have their accounts credited same day.

Who all are your experiences with?

EdenStrategies
forex_trader_[1996705]
Mar 03 2021 at 12:31
18 Posts
shaunmarsh posted:
PensionPay posted:
Withdrawals can be processed on a day and you have your bank accounts credited same day. Most of the clients i trade for always have their accounts credited same day.

Who all are your experiences with?


Clients i trade for on icmarkets, hotforex do get sane day.

SofieAndreasen
Mar 04 2021 at 03:36
759 Posts
pearlstephens posted:
As far as I know, most brokers process withdrawal requests within 24 hours. But the time required for the funds to be transferred to an account depends on what payment method the trader is using to fund their account.

Right. Withdrawal process time varies from broker to broker and it also depends on payment method.

turnipfollow
Mar 04 2021 at 10:02
27 Posts
pearlstephens posted:
As far as I know, most brokers process withdrawal requests within 24 hours. But the time required for the funds to be transferred to an account depends on what payment method the trader is using to fund their account.

Right. Bank wires for instance take 1-7 days. But, the withdrawals processed using credit cards or e-wallets are much faster. I’ve faced withdrawal delay in the initial days of trading but with fxview and swissquote, the transfers were reflected within a day.

shaunmarsh
Mar 04 2021 at 11:26
65 Posts
Help me out here pls. Never been so careless before but I accidentally deposited the payment to the broker? Will I get it back?

Georgegiffen43
Mar 04 2021 at 12:57
24 Posts
shaunmarsh posted:
Help me out here pls. Never been so careless before but I accidentally deposited the payment to the broker? Will I get it back?

That’s really ok and it's no big deal. Simply request a withdrawal from the client area. I guess it’ll be processed as a normal withdrawal process. Confirm from your broker once.

Marlonsmith
Mar 05 2021 at 04:28
28 Posts
Tyronemings654 posted:
donelderly posted:
BrantleyC posted:
i was baffled too, cysec and FCA are good ones to count as regulations for fxview, or any broker per say.

That is right and I agree! Don’t know what I would’ve done without regulation. Can’t seem to put my trust just anywhere. Is that common?

Idk I'm kind of okay with any broker. These things don’t matter to me much. Just the trading conditions ought to be right.

Seriously it doesn’t matter to you? Ever thought what happens if your broker goes bankrupt? The regulated ones will not be using the client's funds and you’ll have a peace of mind that your money’s safe no matter what.

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