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Can withdrawals be processed in less than a day?

Bladiminmunro
Jan 29 2021 at 04:59
59 投稿
forextrader777 posted:
Bladiminmunro posted:
The best thing to do is look for certain conditions in a broker and pay special attention to payments and withdrawals. Sometimes, brokers claim to have fast withdrawals but then it actually takes about 4 to 5 days for it to process. Do check the processing time, the payment options, the transaction fee and the amount of transaction. Many brokers tend to set a limit on payments and withdrawals. Need to stay aware of it.

If brokers hide the reality, please let me know from where I can get the correct information about their offerings?

There are certain things that you can confirm beforehand, for instance the payment / withdrawal methods permitted by the broker, charges if any. However when it comes to time taken, that is truly a trial and error method unfortunately.

downtown
Jan 29 2021 at 07:35
26 投稿
shaunmarsh posted:
downtown posted:
Turnkeyforex offers withdrawal within less than a day and may I add, quicker than before.

Last that I knew of, they took 3 days. When did this change happen?

Turnkey Forex just had a major update recently including reducing withdrawal timing, crypto trading, and such. You must have missed that out. Didn’t you receive mail from them?

shaunmarsh
Jan 29 2021 at 08:27
65 投稿
Bladiminmunro posted:
forextrader777 posted:
Bladiminmunro posted:
The best thing to do is look for certain conditions in a broker and pay special attention to payments and withdrawals. Sometimes, brokers claim to have fast withdrawals but then it actually takes about 4 to 5 days for it to process. Do check the processing time, the payment options, the transaction fee and the amount of transaction. Many brokers tend to set a limit on payments and withdrawals. Need to stay aware of it.

If brokers hide the reality, please let me know from where I can get the correct information about their offerings?

There are certain things that you can confirm beforehand, for instance the payment / withdrawal methods permitted by the broker, charges if any. However when it comes to time taken, that is truly a trial and error method unfortunately.

Is there any broker that has free withdrawals?

Georgegiffen43
Jan 29 2021 at 11:19
24 投稿
shaunmarsh posted:
Bladiminmunro posted:
forextrader777 posted:
Bladiminmunro posted:
The best thing to do is look for certain conditions in a broker and pay special attention to payments and withdrawals. Sometimes, brokers claim to have fast withdrawals but then it actually takes about 4 to 5 days for it to process. Do check the processing time, the payment options, the transaction fee and the amount of transaction. Many brokers tend to set a limit on payments and withdrawals. Need to stay aware of it.

If brokers hide the reality, please let me know from where I can get the correct information about their offerings?

There are certain things that you can confirm beforehand, for instance the payment / withdrawal methods permitted by the broker, charges if any. However when it comes to time taken, that is truly a trial and error method unfortunately.

Is there any broker that has free withdrawals?

Free is only when it’s above a certain amount. If you keep withdrawing your small profits you will end up paying quite a lot of withdrawal fees.

robindude
Jan 29 2021 at 11:38
103 投稿
shaunmarsh posted:
Is there any broker that has free withdrawals?


Fees are always charged for withdrawal via banks if im not wrong

Vanza Dorbey (vanzadorbey)
Jan 29 2021 at 21:18
31 投稿
if you are not in a scam broker...you can easily withdraw your funds...
Go with a broker that is regulated...I would not suggest using broker that has establisment offshore...

christielowe
Feb 01 2021 at 05:54
35 投稿
Numeromatt posted:
feelsofine posted:
Some brokers like fxview, icm give the amount to your account in less than 24 hours.

I don’t know about Fxview, but doesn’t ICM have a nasty reputation of taking weeks for withdrawals?

I like everything about IC Markets except their slowness when it comes to taking your money off. To me it seems like it takes ages.

shaunmarsh
Feb 01 2021 at 11:13
65 投稿
downtown posted:
shaunmarsh posted:
downtown posted:
Turnkeyforex offers withdrawal within less than a day and may I add, quicker than before.

Last that I knew of, they took 3 days. When did this change happen?

Turnkey Forex just had a major update recently including reducing withdrawal timing, crypto trading, and such. You must have missed that out. Didn’t you receive mail from them?

I am not their client, so nope.

shaunmarsh
Feb 01 2021 at 11:19
65 投稿
robindude posted:
shaunmarsh posted:
Is there any broker that has free withdrawals?


Fees are always charged for withdrawal via banks if im not wrong

There are also minimum amounts that a broker has above which the withdrawals are free, the amount is different for every broker.

shaunmarsh
Feb 01 2021 at 11:25
65 投稿
vanzadorbey posted:
if you are not in a scam broker...you can easily withdraw your funds...
Go with a broker that is regulated...I would not suggest using broker that has establisment offshore...

I am with you on the regulated bit, but you must know that many firms now have their offshore offices (like degiro recently) to be able to offer their clients higher leverage. I feel it’s totally in the interest of us traders, tax-wise too, what’s in it for the brokers I’m not sure.

Georgegiffen43
Feb 01 2021 at 12:07
24 投稿
christielowe posted:
Numeromatt posted:
feelsofine posted:
Some brokers like fxview, icm give the amount to your account in less than 24 hours.

I don’t know about Fxview, but doesn’t ICM have a nasty reputation of taking weeks for withdrawals?

I like everything about IC Markets except their slowness when it comes to taking your money off. To me it seems like it takes ages.

I agree, but withdrawal is a deal breaker for me. Your broker’s gotta be quick, that’s for sure. This is with everything - customer response, execution, all the works.

yana hansen (78678676)
Feb 02 2021 at 10:22
137 投稿
Georgegiffen43 posted:
christielowe posted:
Numeromatt posted:
feelsofine posted:
Some brokers like fxview, icm give the amount to your account in less than 24 hours.

I don’t know about Fxview, but doesn’t ICM have a nasty reputation of taking weeks for withdrawals?

I like everything about IC Markets except their slowness when it comes to taking your money off. To me it seems like it takes ages.

I agree, but withdrawal is a deal breaker for me. Your broker’s gotta be quick, that’s for sure. This is with everything - customer response, execution, all the works.

Which broker are you using?

Rogerwood465
Feb 03 2021 at 05:49
22 投稿
vanzadorbey posted:
if you are not in a scam broker...you can easily withdraw your funds...
Go with a broker that is regulated...I would not suggest using broker that has establisment offshore...

I don’t think there’s anything wrong with going offshore, privacy is one big plus, then there’s complete protection of assets.

Harrylam887
Feb 03 2021 at 09:14
18 投稿
Rogerwood465 posted:
vanzadorbey posted:
if you are not in a scam broker...you can easily withdraw your funds...
Go with a broker that is regulated...I would not suggest using broker that has establisment offshore...

I don’t think there’s anything wrong with going offshore, privacy is one big plus, then there’s complete protection of assets.

And also I would add flexibility and range in terms of investment options with brokers like hotforex, fxview, xtb etc.

Jakemark
Feb 03 2021 at 11:11
37 投稿
Harrylam my only issue with such brokers is the high leverage that they offer, it is way too tempting and way too dangerous.

Garrywilson
Feb 03 2021 at 13:21
37 投稿
Jakemark posted:
Harrylam my only issue with such brokers is the high leverage that they offer, it is way too tempting and way too dangerous.

Don’t forget about the legal concerns.

Bladiminmunro
Feb 04 2021 at 05:32
59 投稿
I think if the trading conditions are right, the location of the broker shouldn’t matter.

Bladiminmunro
Feb 05 2021 at 05:42
59 投稿
Okay, now I'm wondering if any broker would allow me to use a different method to withdraw than the one I use to deposit.

Breonnataylor
Feb 05 2021 at 06:40
28 投稿
That’s hardly possible. Usually brokers use a payment method that is directly proportional to the deposits which means the same e-wallet, bank account, or card.

Bladiminmunro
Feb 05 2021 at 07:14
59 投稿
Breonnataylor posted:
That’s hardly possible. Usually brokers use a payment method that is directly proportional to the deposits which means the same e-wallet, bank account, or card.

But what if I still have open positions? Can I still withdraw the money?

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