Withdrawing funds from RoboForex broker

Broker RoboForex It provides its clients with a wide range of trading software and tradable assets, training lessons and, most importantly, the ability to withdraw earnings without commission. In the financial market, this Forex broker offers some of the best conditions for withdrawing earnings from an account directly in your personal account. There are few withdrawal methods, but the money is withdrawn quickly. In addition, RoboForex sets favorable rates and commission limits. In this article, we will take a closer look at the withdrawal of funds from the RoboForex broker: withdrawal methods, the amount of commissions and limits, the speed of application processing.

Withdrawal of funds from forex brokers

Each broker sets its own rules for withdrawing earnings from a deposit to a debit or credit card of the bank, an electronic wallet. But, regardless of which company you plan to cooperate with, you need to know the specifics of the withdrawal procedure from your trading account. If you ignore this point, you may receive a refusal to consider the withdrawal request or wait too long for its processing. To avoid such negative consequences, you should:

• register on the forex broker’s portal only once;
• go through verification, the procedure for confirming identity and contact information;
• at first, withdraw only small amounts;
• carefully check the correctness of personal data and details when withdrawing funds from the account;
• apply for withdrawal at the beginning of the working week.

If you create multiple accounts on the same financial platform, you may mislead the broker. The company’s specialists can “freeze” accounts or simply reject the application. Verification is often offered when applying for a withdrawal, but it is better to do it immediately after registering on the broker’s website. This way you can avoid problems when withdrawing funds.

If you try to withdraw a large amount of money after the first good profit, the broker may think that you played dishonestly, because you want to withdraw the entire amount from the account at once. In this case, the trading account will be blocked while checking the withdrawal request. Funds are also withdrawn from the account in the first half of the week. If you request a withdrawal at the end of the week, you will most likely receive it early next week. According to the “User Agreement”, many brokerage companies set withdrawal deadlines from 1 to 5 business days.

Traders create withdrawal requests in their personal accounts on brokers’ websites. Each company sets its own withdrawal rules, as well as the minimum withdrawal amount. As soon as the broker approves the application, the funds are debited from the balance in the personal account and credited to the details that the company’s client used to replenish the deposit. The timing of crediting funds depends on banking institutions and payment systems, as well as on their payment policy.

Ways to withdraw funds from brokers

Usually brokerage companies offer such withdrawal methods:

• to a bank account or a Visa, Maestro and Mastercard bank card;
• to an electronic wallet — Neteller , Skrill etc.

Detailed information about withdrawal methods, as well as the conditions for crediting funds to banking details, can be found on the website of each broker. Most often, you can withdraw earnings from a deposit only in the same way that you used when depositing it. If you decide to use a bank card, it is better to have a personal one. Then the broker will know for sure that you are the owner of your account. The withdrawal request process is similar to operations with a bank card or an electronic wallet. You specify the details, the company’s employees check them. If all the data is correct, the application is approved after verification.

Withdrawal fee

Whether or not to enter a commission for withdrawing money from a deposit is a personal matter for each broker. The management of the brokerage company carefully takes this point into account and records it in the documentation. If there is a commission, then it is indicated which commission and in what amount is charged to the client. Brokers are usually limited to commissions from payment systems and banks. Only a few of them charge users any additional fees when withdrawing funds.

Withdrawal of funds from roboforex

In the summer of 2019, the RoboForex broker announced that a special program will be launched on its site, under the terms of which each client of the company will be able to withdraw funds from the account without commission. According to the rules established by the program, an application for a free withdrawal can be sent only 2 times a month – on the 1st and 3rd Tuesday of each month for the whole day. This year it will be possible to do it on May 19, June 2 and 16, July 7 and 21, etc. It is important to note that one person these days can withdraw money from the account only 1 time without paying a commission. You can use any of the available payment systems.

How can I withdraw funds from RoboForex?

There are a lot of ways to replenish the account with this broker, but you can only withdraw funds:

• Bank cards Visa, Mastercard;
• e-wallets Skrill, Neteller, Perfect Money, etc.

To withdraw funds from your RoboForex account, you need to follow several steps. In your personal account at the top of the page, enter the “Funds Management” section and select the “Withdrawal of funds” subsection there. A page opens with the withdrawal methods.

Select the type of card or wallet you want to transfer funds to.

Specify the amount and details to which the transfer will be made, and then confirm the withdrawal of funds.

When withdrawing, as well as when depositing funds, interesting programs are available from the RoboForex broker. Using these bonuses, you can get a refund of commissions, etc. In addition, RoboForex customers can order a Payoneer card, which is very convenient for withdrawing earnings.

Minimum withdrawal amount for RoboForex

The minimum withdrawal limit is set by the RoboForex broker for each withdrawal method. There are no restrictions at all for some methods. As for the minimum withdrawal amounts,:

• on ePayments – from $ 1;
• for a bank transfer – 500 dollars/euro;
• on Skrill — $ 0.1 and on Neteller — $ 5.

Withdrawal fee

As we mentioned above, RoboForex customers can withdraw their profits twice a month, on the first and third Tuesday, without any commission. The broker compensates for these fees himself. But on other days, they must be paid for when withdrawing funds. There is a certain percentage or amount for each withdrawal method:

• The commission of the sending bank for a bank transfer is at least $70/euro;
• Neteller – from $1 (1.9%);
• Skrill and ePayments – 1%;

The rate of withdrawal of RoboForex funds

RoboForex broker promises its clients an instant withdrawal of earnings. Thanks to the automatic withdrawal system, funds are transferred within a minute (if you use a payment system). In fact, this only applies to small amounts. Payments of large amounts take longer and are made within 1 business day. Transfer to a bank card or bank transfer takes from 2 to 5 business days.

Conclusion

RoboForex broker (withdrawal of funds) offers convenient and fast ways to withdraw earnings. Applications are processed promptly, there are even ways with interest-free withdrawal of funds. Unsurprisingly, RoboForex is considered one of the best withdrawals.