Can withdrawals be processed in less than a day?
shaunmarsh
Członek od Oct 05, 2020
58 postów
Jan 12 at 12:11
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.
Yes it is possible for a withdrawal to be processed in the same day.
Basically withdrawal of funds and must be carried out in one day
dutchy1986
Członek od Jan 13, 2021
19 postów
Jan 13 at 20:39
The broker I use does same day withdrawals and is why I chose them to be honest
dutchy1986 posted:
The broker I use does same day withdrawals and is why I chose them to be honest
Which one are you using?
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
Członek od Oct 01, 2020
41 postów
Jan 14 at 12:48
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.
colininghrams
Członek od Oct 07, 2020
27 postów
Jan 15 at 05:02
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.