Can withdrawals be processed in less than a day?

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.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

Help me out here pls. Never been so careless before but I accidentally deposited the payment to the broker? Will I get it back?

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 posted:

Tyronemings654 posted:

donelderly posted:

BrantleyC posted:
i was baffled too, cysec and FCA are good ones to count as regulations 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.

I’m all for regulated brokers. Can’t imagine trading where there’s no transparency and don’t know whether the broker is manipulating the market in their favor.

shaunmarsh posted:

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.

Sometime it takes more time, but with regulated broker your funds are safe atlaest.

Sarjohn posted:

shaunmarsh posted:

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.

Sometime it takes more time, but with regulated broker your funds are safe atlaest.

With that I agree, and that is exactly why I am particular about regulations.

shaunmarsh posted:

Sarjohn posted:

shaunmarsh posted:

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.

Sometime it takes more time, but with regulated broker your funds are safe atlaest.

With that I agree, and that is exactly why I am particular about regulations.

Yes, security of funds is more important than time taken for withdrawal of funds.

PensionPay posted:

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.

Yeah icmarkets is good with withdrawals.

Calacti posted:

Marlonsmith posted:

Tyronemings654 posted:

donelderly posted:

BrantleyC posted:
i was baffled too, cysec and FCA are good ones to count as regulations 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.

I’m all for regulated brokers. Can’t imagine trading where there’s no transparency and don’t know whether the broker is manipulating the market in their favor.

What broker are you using?