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.
Well for me both are important, it can be so frustrating if you are not able to access your own capital on time.
Yes it can be frustrating but at the same time you also know that your funds are secure with a regulated broker. Anything like scam won’t happen and you will get your capital.
jimmyneeesham posted: Is there a way to know how long will a platform take to process withdrawals or we just go by the hearsay?
To see how fast a broker is with withdrawals, you can open a small account with them, make a trade and try to withdraw. If it takes a long time to process, you'll know. Generally it doesn't take more than a week to process withdrawals but again that depends on the broker.
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.
Do they charge for withdrawals? Normally, the broker’s I’ve traded with, do
You can look for brokers that don't charge anything or have 'zero fees' for deposits or withdrawals. I haven't come across a broker that charges for that and maybe you can look for a better option if it helps.
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.
Honestly, I'm with you on this one. There has to be some safety of funds if you're trading with a broker and regulation does add to it. I prefer them too!
Withdrawal processing time completely relies upon the withdrawal mechanism and how much time your broker is taking to request the withdrawal. Amenities such as Skrill, Paypal, and Neteller are regularly ideal for withdrawals and retainment. You can expect an under 24 hour exchange time when pulling out to these amenities. TP Global allows you to withdraw at any time through a request. When the request is submitted by 10 am, the withdrawal is processed on the same day by 5 pm. Requests submitted after 10 am will be processed the following day by 5 pm.
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