How to Withdraw Money From Olymp Trade?
The Olymp Trade platform strives to meet the highest quality standards of carrying out financial transactions. What is more, we keep them simple and transparent.
The funds withdrawal rate has increased tenfold since the company was founded. Today, more than 90% of requests are processed during one trading day.
However, traders often have questions about the funds withdrawal process: which payment systems are available in their region or how they can speed up the withdrawal.
For this article, we collected the most frequently asked questions.
What Payment Methods Can I Use?
There is a unique list of payment and withdrawal methods available for every country. They can be grouped into:
- Bank cards.
- Digital wallets (Neteller, Skrill, etc.).
- Payment invoice generation in banks or special kiosks.
- Local banks (bank transfers).
For example, you can deposit and withdraw your funds from Olymp Trade in India using Visa/Mastercard bank cards or by creating a virtual card in the AstroPay system, as well as using e-wallets like Neteller, Skrill, WebMoney, FasaPay, GlobePay. Bitcoin transactions are also good to go.
Which Payment Methods Should I Use?
You can find the recommended methods in the Recommended section. In India, we recommend Olymp Trade customers use Visa and Mastercard bank cards, and also Skrill and Neteller e-wallets.
Pay your special attention to Skrill and Neteller as in these digital payment systems the process of funds withdrawal is carried out as quickly as possible.
Does Olymp Trade Charge for Funds Withdrawal?
If your broker ever charged you $50 for funds withdrawal, that was definitely not Olymp Trade. On the contrary, we use own funds to cover the commission amount.
However, note that some payment systems do charge their customers for depositing or withdrawing money. We recommend checking with your financial services provider in advance.
How Long Does It Take to Withdraw My Funds?
As mentioned above, we do our best to process your request in 24 hours. In most cases, funds are credited promptly after we have transferred them to your payment system.
However, in case of emergency, the process of money withdrawal can last up to 5 days. It only happened a few times over the past year.
Why Bonuses Cannot Be Withdrawn?
Bonuses are the company funds, which traders can use over a limited time period. The bonuses are canceled after you make a withdrawal request so they cannot be withdrawn.
Can I Withdraw My Profit Made with Risk-free?
Risk-free trades is a special service for the company’s Expert traders. They protect the Fixed Time trade amount from loss. Having activated a risk-free trade, a trader uses its amount to open a trade and makes a forecast.
If the trader’s forecast is wrong, they receive the money back. If the forecast is correct, the profit can be withdrawn right after receiving.
By the way, risk-free trades are not the only privilege of having an Expert account on Olymp Trade.
Is There a Way to Quicken the Funds Withdrawal?
There are only three ways to withdraw funds from Olymp Trade faster:
- Firstly, you can become a Expert trader. Their requests for funds withdrawal are given top priority.
- Secondly, use the recommended payment methods like Skrill to withdraw your funds.
- Thirdly, each trader should pass verification in their user account or through a special mobile app.