Mar 23 2021 at 07:33
Have you guys faced any documentation issues with your broker while trying to withdraw your money? I have used plenty of brokers - both regulated/unregulated - and never faced an instance where I was asked for heaps of papers just to take out the small sum I got in my trading account, is this common?
Mar 24 2021 at 12:53
I don’t think that it is common because I didn’t face any such issue with all the brokers that I have traded through.
Mar 24 2021 at 13:54
Freddraven posted:Yes, I agree with you. I have never been in such a problem so I have less idea about this subject.
I don’t think that it is common because I didn’t face any such issue with all the brokers that I have traded through.
Mar 25 2021 at 08:28
You are withdrawing your own money, I don’t think such kind of issue really exists, even I haven’t faced such things till now.
These issues happen very much with those traders who opt for unregulated brokers. These brokers are just behind your money and would never leave an opportunity from which they can earn.
Mar 25 2021 at 11:29
Jakemark posted:Are you sure buddy? Because I am trading with a non-regulated one and I didn’t face any problems nor do they charge me extra for anything. Moreover they don’t put any restrictions on me for the kind of strategies to use.
These issues happen very much with those traders who opt for unregulated brokers. These brokers are just behind your money and would never leave an opportunity from which they can earn.
Mar 26 2021 at 11:35
asidefellow posted:I agree. Mine also is pretty good. At least I can use leverages as per my choice.Jakemark posted:Are you sure buddy? Because I am trading with a non-regulated one and I didn’t face any problems nor do they charge me extra for anything. Moreover they don’t put any restrictions on me for the kind of strategies to use.
These issues happen very much with those traders who opt for unregulated brokers. These brokers are just behind your money and would never leave an opportunity from which they can earn.
Mar 26 2021 at 11:49
I always to a small deposit and a small test withdrawal first to check for any road bumps that the broker may throw at me
It's good that I don't have such problems, how many times I have already withdrawn from the broker Amarkets to different wallets, and I have never had any problems.
Mar 27 2021 at 05:33
If your broker is genuine, you won’t be facing any withdrawal issues and no charges on it as well, irrespective of whether it is regulated or unregulated. There would be some verification when you will be making a trading account on it for the safety purpose and nothing else.
Mar 30 2021 at 04:49
groundhogday posted:Yes that seems like a much wiser thing to do
I always to a small deposit and a small test withdrawal first to check for any road bumps that the broker may throw at me
Mar 30 2021 at 09:43
Withdrawal problems can be a major red flag. Maybe check the broker’s reviews before you use them?. It can get frustrating over time.
Mar 31 2021 at 04:59
Take a look at any specific fees, delays, and rules of withdrawal very carefully. But remember that all guidelines and fees don’t always mean a scam.
Mar 31 2021 at 07:48
I have never faced any issues with withdrawals. Are you sure you’re not overtrading?
Mar 31 2021 at 10:57
Yes. that’s true. Not being able to take out your own money is scary. My ex who introduced me to trading had this issue with TradesWay (or something like that) but from what I understand, both regulated and unregulated brokers can give this issue. It all just depends on who the broker is. And, of course, on your trading style - lot sizes, minimum balance, etc.
Apr 08 2021 at 11:13
I don't think there should be an issue while withdrawing a small amount of money. No broker will ask for any documents . However, documents might be asked for while verifying your account in the first place.
Apr 21 2021 at 05:25
If you are facing issues with withdrawals, you should contact your broker.
Apr 21 2021 at 08:55
If brokers are really normal, then you can solve any financial issues with their managers
I had a terrible experience with several brokers during withdrawals. Some took days to solve the issue, and some kept asking me to verify my account. Because of these issues, I burned many accounts.
Apr 22 2021 at 08:25
This is a very uncommon issue, usually brokers didn’t ask for any documentation while making a withdrawal irrespective of the amount. It’s client money and he can withdraw whenever he wants.
