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Can withdrawals be processed in less than a day?

Bladiminmunro
Jan 29 at 04:59
59帖子
forextrader777 posted:
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?

There are certain things that you can confirm beforehand, for instance the payment / withdrawal methods permitted by the broker, charges if any. However when it comes to time taken, that is truly a trial and error method unfortunately.

downtown
Jan 29 at 07:35
26帖子
shaunmarsh posted:
downtown posted:
Turnkeyforex offers withdrawal within less than a day and may I add, quicker than before.

Last that I knew of, they took 3 days. When did this change happen?

Turnkey Forex just had a major update recently including reducing withdrawal timing, crypto trading, and such. You must have missed that out. Didn’t you receive mail from them?

shaunmarsh
Jan 29 at 08:27
65帖子
Bladiminmunro posted:
forextrader777 posted:
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?

There are certain things that you can confirm beforehand, for instance the payment / withdrawal methods permitted by the broker, charges if any. However when it comes to time taken, that is truly a trial and error method unfortunately.

Is there any broker that has free withdrawals?

Georgegiffen43
Jan 29 at 11:19
24帖子
shaunmarsh posted:
Bladiminmunro posted:
forextrader777 posted:
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?

There are certain things that you can confirm beforehand, for instance the payment / withdrawal methods permitted by the broker, charges if any. However when it comes to time taken, that is truly a trial and error method unfortunately.

Is there any broker that has free withdrawals?

Free is only when it’s above a certain amount. If you keep withdrawing your small profits you will end up paying quite a lot of withdrawal fees.

robindude
Jan 29 at 11:38
103帖子
shaunmarsh posted:
Is there any broker that has free withdrawals?


Fees are always charged for withdrawal via banks if im not wrong

Vanza Dorbey (vanzadorbey)
Jan 29 at 21:18
31帖子
if you are not in a scam broker...you can easily withdraw your funds...
Go with a broker that is regulated...I would not suggest using broker that has establisment offshore...

christielowe
Feb 01 at 05:54
35帖子
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?

I like everything about IC Markets except their slowness when it comes to taking your money off. To me it seems like it takes ages.

shaunmarsh
Feb 01 at 11:13
65帖子
downtown posted:
shaunmarsh posted:
downtown posted:
Turnkeyforex offers withdrawal within less than a day and may I add, quicker than before.

Last that I knew of, they took 3 days. When did this change happen?

Turnkey Forex just had a major update recently including reducing withdrawal timing, crypto trading, and such. You must have missed that out. Didn’t you receive mail from them?

I am not their client, so nope.

shaunmarsh
Feb 01 at 11:19
65帖子
robindude posted:
shaunmarsh posted:
Is there any broker that has free withdrawals?


Fees are always charged for withdrawal via banks if im not wrong

There are also minimum amounts that a broker has above which the withdrawals are free, the amount is different for every broker.

shaunmarsh
Feb 01 at 11:25
65帖子
vanzadorbey posted:
if you are not in a scam broker...you can easily withdraw your funds...
Go with a broker that is regulated...I would not suggest using broker that has establisment offshore...

I am with you on the regulated bit, but you must know that many firms now have their offshore offices (like degiro recently) to be able to offer their clients higher leverage. I feel it’s totally in the interest of us traders, tax-wise too, what’s in it for the brokers I’m not sure.

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