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Online trading is a great source of income whether at home, work, or on the beach. There are many technologies giving people access to global markets like never before. Students, homemakers, everyone can earn extra money trading.
However, profits from online trading are useless if you can’t pocket them when you need to. Brokers like Olymp Trade handle withdrawals efficiently, giving clients quick and easy access to their fund with easy withdrawals.
How to withdraw money from Olymp Trade – Step by step
Withdrawing money from your Olymp Trade account is as simple as depositing. Submit a payout request in only a few minutes and your money will be transferred within 24-48 hours.
Step 1: Click the ‘Withdrawal’ button on the top right of the Olymp Trade platform.
Step 2: Select the account to which you want your funds to be transferred.
You may only withdraw money into accounts from which you previously deposited into your account.
Example: In an account where the trader has only deposited money to their Olymp Trade account using Skrill, they will not be able to withdraw money to a bank card or other e-wallet.
If you use multiple deposit methods, you will be able to choose to which account your funds will be transferred.
Step 3: Insert the amount you want to withdraw from Olymp Trade.
You will be asked to fill in some personal information including name, phone number, and address to verify it is you executing the transaction.
Step 4: You will receive a transaction number to help you identify when the transaction was completed.
This number is useful for tracking and differentiating multiple Olymp Trade withdrawals in a short period of time.
You have completed your withdrawal request. Olymp Trade will notify you when the transaction is complete.
The withdrawal process may differ slightly depending upon to which account you are withdrawing. These steps are put in place by your bank or e-wallet and Olymp Trade to protect your account from unauthorized withdrawals.
What is the Minimum Olymp Trade Withdrawal Amount?
Olymp Trade prides itself on having some of the lowest minimums in the world of trading. Platform deposits and withdrawals start at $10 or EUR, depending on your account’s currency.
What Payment Methods Can I Use for Olymp Trade Withdrawal?
Every country has its list of payment methods. They all fall into one of four categories:
- Bank cards
- Electronic wallets (WebMoney, Skrill, etc.)
- Bank transfers
Choose from the payment methods in the “Recommended” section of the payment methods page.
For example, in South Africa, we recommend Olymp Trade customers use bank cards, Skrill, or Neteller e-wallets.
Are There Olymp Trade Withdrawal Fees?
No. All withdrawals on the Olymp Trade platform are free.
The platform itself does not charge traders to withdraw money, however, some payment methods may have fees. Pay close attention and understand the fees associated with the payment method you choose.
How Long Does It Take to Withdraw Funds?
The platform works hard to process your request within 24 hours. In many cases, money is credited to the account soon after we have transferred it from your account to your payment method.
In any case, the process takes less than 5 days. Withdrawals rarely take that long and most delays are caused by banks or e-wallets that require additional time for the transaction to process.
Additionally, Advanced and Expert Status clients enjoy even faster withdrawals as they are given priority and these are done quickly.