Can withdrawals be processed in less than a day?

Markwoods posted:
Freshforex takes only few minutes and charges no commissions. Amarkets - just about an hour

This makes no sense because where withdrawals actually get stuck is at third party. So you ought to to check with your bank how much time they would take. And obviously there will be no movement on weekends. Even if brokers like Roboforex say they do the processing on the weekends too.

colininghrams posted:

Markwoods posted:
Freshforex takes only few minutes and charges no commissions. Amarkets - just about an hour

This makes no sense because where withdrawals actually get stuck is at third party. So you ought to to check with your bank how much time they would take. And obviously there will be no movement on weekends. Even if brokers like Roboforex say they do the processing on the weekends too.

Amarkets and Fxview I actually found to be standing up to their claims of quick withdrawals. Maximum I have had to wait is 3 days with a weekend involved.

Roboforex is I believe good. They give absolutely free withdrawals on some days, think it’s 2 days in a month.

There would be a lot of brokers that offer same day withdrawals. You can check some of their other features also and see which one works best for you.

Dorigda posted:
As for me, it is important how quickly the funds are paid out.

Yes, that is precisely my point. A broker should at least have a faster withdrawal option for the clients. What brokers have you tried so far?

Shaunmaxi posted:
Roboforex is I believe good. They give absolutely free withdrawals on some days, think it’s 2 days in a month.

What’s their withdrawal fee otherwise? Wouldn’t mind roping them in for an additional account, especially considering the leverage they are giving. As per my current brokers, Fxview is not charging me anything. I just pay the $50 visa fee. With Amarkets it’s percentage based. Can expect anything between 2 - 4%. So anything in this range is good for me.

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 think most withdrawals depend upon the mode of payment you’ve used. It does take some time so there’s that.

The broker I trade with gives me a same-day withdrawal. This is the honesty of that broker.

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.

Depending on the brokers, but the user above me had said it correctly, that sometimes some broker tends to say something like that only for it to takes 2-3 days atleast. Not all brokers are like that.

The exact withdrawal time will depend on your broker selection.

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?

No, I haven’t found any broker that goes easy on the payments and withdrawals. Sometimes it even takes about a week for a payment to process. Anyway, I’m open to suggestions too here. Thanks.

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?

Not sure about Icm but I have accounts with Fxtm and Fxview. I keep trying different modes so with my e wallet, it took about a day or two to process withdrawals with Fxtm. Later, I tried Fxview via bank transfer and I remember it took about a day for the withdrawals to process. I’m okay with these brokers for the time being since the withdrawals aren’t an issue.

Turnkeyforex offers withdrawal within less than a day and may I add, quicker than before.

Georgegiffen43 posted:
No, I haven’t found any broker that goes easy on the payments and withdrawals. Sometimes it even takes about a week for a payment to process. Anyway, I’m open to suggestions too here. Thanks.

Yeah, it will take that much time. You should've asked your broker before. Always do your research when looking for a broker. Analyse their services and trading conditions.

robindude posted:
Depending on the brokers, but the user above me had said it correctly, that sometimes some broker tends to say something like that only for it to takes 2-3 days atleast. Not all brokers are like that.

Have you used brokers which aren’t like that? If yes, then I would appreciate names please, thanks.

Joz8 posted:
The exact withdrawal time will depend on your broker selection.

Ya, and my experiences haven’t been that great, so I thought of asking around other traders’ experiences with the same.