How do I withdraw money from forex?

stoch

Active Member
#11
I use Skrill to cash out from Hotforex, well for moderate amounts below 10K it's perfect tool to receive money and feel safe about taxes and fees.
 
#12
To withdraw funds, log into the trading platform and click on Add Funds, then select the Withdraw Funds option. Funds must be withdrawn to the original deposit source. Excess funds can be withdrawn by bank transfer or wire transfer.
 
#13
There is nothing to discuss, I think. You just need to ask your broker to withdraw the money from your trading account. Different brokers have different payment methods and withdrawal speed. It may take from several hours to several days and sometimes even weeks for the money to reach your payment method. It is all different.
 
#14
Speaking of withdrawals, the situation is different and it depends on the broker. Different brokers have different payment methods, they also have different withdrawals speed and so on. If you wonder about withdrawals, just ask your broker to give you more information about it.
The only thing which unite all the brokers is the fact that the withdrawals are not immediate. I mean that a broker needs to take some time to give your money back. Sometimes it may take several hours, sometimes it takes several days and even weeks.
 
#15
After you have accumulated profits in your Forex account, you can withdraw funds from the account. By linking your bank account with your trading account, you can also get cash in forex trading.
 

stoch

Active Member
#16
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.
I use Skrill to top up and withdraw money from Hotforex. Although conversion and debit card fees are high, wire transfers are relatively cheap and can't be tracked by tax agency which is a big plus.
 
#20
After you have accumulated profits in your Forex account, you can withdraw funds from the account. By linking your bank account with your trading account, you can also get cash in forex trading.