How do I withdraw money from forex?

#1
There are many ways to withdraw money from your Forex trading account. While the withdrawal process is mostly the same, there might be some small differences between brokerage houses. The withdrawal method for gains made from Forex trading is the same as stock trading.

To trade in currency online, you need to open a trading account with a broker to get started. Then, when you want to withdraw funds, you can log in to your trading account and request withdrawal of funds. If the broker sets any cap based on the trading leverage offered, you can withdraw funds that do not exceed the cap.

One of the most common problems faced by investors while withdrawing from their forex trading account is the lack of information provided by you, as requested by the broker. For forex trading, brokers tend to ask for personal details over and above the KYC information. This is to ensure that your account is secure and cannot be misused. Also, when you withdraw from your forex account for the first time, the broker might ask for some additional details. So ensure that you provide all the right information and set up your account.
It is prudent to check with the broker about all processes and documents needed to open, operate, and withdraw funds from the forex account.
 

Malone

New Member
#2
As far as I know, the conditions are always clearly spelled out and we can understand how to proceed with the withdrawal of funds
 
#3
You should ask your broker about the withdrawal methods. They are all different, some brokers have lots of methods including webmoney, skrill, etc. However, not all of the brokers can boast vast diversity of payment methods, so this thing is quite individual.
 

newtrader101

Well-Known Member
#4
There are many ways to withdraw money from your Forex trading account. While the withdrawal process is mostly the same, there might be some small differences between brokerage houses. The withdrawal method for gains made from Forex trading is the same as stock trading.

To trade in currency online, you need to open a trading account with a broker to get started. Then, when you want to withdraw funds, you can log in to your trading account and request withdrawal of funds. If the broker sets any cap based on the trading leverage offered, you can withdraw funds that do not exceed the cap.

One of the most common problems faced by investors while withdrawing from their forex trading account is the lack of information provided by you, as requested by the broker. For forex trading, brokers tend to ask for personal details over and above the KYC information. This is to ensure that your account is secure and cannot be misused. Also, when you withdraw from your forex account for the first time, the broker might ask for some additional details. So ensure that you provide all the right information and set up your account.
It is prudent to check with the broker about all processes and documents needed to open, operate, and withdraw funds from the forex account.
For fear of Govt legal action no one will give these. Again without KYC how were they able to open ac?
 
#5
Every broker has different withdrawal methods. Different amount of time is needed for the money to reach your payment method, payment methods are also different. You'd better ask your broker for the details. It is still important to remember that there are no brokers which will transfer you the money momentarily. Usually it may take from several hours to a week, it also depends on the payment method.
 

stoch

Active Member
#6
Every broker has different withdrawal methods. Different amount of time is needed for the money to reach your payment method, payment methods are also different. You'd better ask your broker for the details. It is still important to remember that there are no brokers which will transfer you the money momentarily. Usually it may take from several hours to a week, it also depends on the payment method.
I use Skrill to deposit and withdraw profit from Hotforex. It is very convenient payment method because it's fast and bank withdrawals from it are very cheap.
 

Hulu Girl

Active Member
#7
Log into your trading account, which is connected to your Demat account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: to add funds or to withdraw funds. Click 'withdraw funds' to start transferring money from your Demat account to your bank account.
 

stoch

Active Member
#8
There are many ways to withdraw money from your Forex trading account. While the withdrawal process is mostly the same, there might be some small differences between brokerage houses. The withdrawal method for gains made from Forex trading is the same as stock trading.

To trade in currency online, you need to open a trading account with a broker to get started. Then, when you want to withdraw funds, you can log in to your trading account and request withdrawal of funds. If the broker sets any cap based on the trading leverage offered, you can withdraw funds that do not exceed the cap.

One of the most common problems faced by investors while withdrawing from their forex trading account is the lack of information provided by you, as requested by the broker. For forex trading, brokers tend to ask for personal details over and above the KYC information. This is to ensure that your account is secure and cannot be misused. Also, when you withdraw from your forex account for the first time, the broker might ask for some additional details. So ensure that you provide all the right information and set up your account.
It is prudent to check with the broker about all processes and documents needed to open, operate, and withdraw funds from the forex account.
You just choose desired method and send withdrawal request. In some cases like you withdraw large amount the broker may make you a call for confirmation. I usually use Skrill to withdraw for Hotforex, never faced any long delay without a reason so I feel confident about their standing.
 
#9
To withdraw funds, please log in to the trading platform, click "Add Funds", and then select the "Withdraw Funds" option. Funds must be withdrawn to the source of deposit. Excess funds can be withdrawn by bank transfer or wire transfer.
 

MANISH_DAMANI

Well-Known Member
#10
If you are trading from India, you are doing an unbailable offence. So be careful. They usually allow the same process to withdraw how much you deposit there. Above that, you can use other means if an account is connected with them usually. But they allow withdrawal to your bank account if connected with them. So far I knew. If trading from India then doesn't write in a forum like this may create trouble for you.