What Is Funds Withdrawal and How to Do It from Forex Brokers?
November 18, 2022
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Withdrawal procedures can be different for each broker. But generally, the steps are like this:
- Log in to your trading account.
- If you have more than one account in a broker, choose the trading account number that you would like to withdraw from.
- Select the withdrawal menu.
- Choose a withdrawal method. It can be wire transfers, credit/debit cards, and e-payments. Note that most brokers only process withdrawals from the same method as what you choose in the deposit process. So, the option can follow the deposit method.
- Write down the withdrawal details such as your account number and the amount of money you want to withdraw.
- Click withdraw funds.
- Wait until you receive the money from the broker. Withdrawal process usually takes longer than deposit, ranging from 1 to 5 business days, depending on the payment method that you choose.
If you haven't received any funds after the duration promised by the broker, it's recommended to contact customer service for support.