Withdrawal Methods

Withdrawal-Methods_03

Withdrawing money from your BinaryOnline account is a quick and straightforward process. To withdraw funds from your trading account, simply submit a withdrawal request and the money should reach you within 3-5 business days.

The withdrawal process

Regardless of the type of trading account you have, the withdrawal procedures are the same for every trader. Besides, BinaryOnline has an easy and convenient process for the withdrawal of funds.

If you are compliant:

If you are a compliant trader, the withdrawal procedure is shorter and faster. All you have to do is:

  • Click on “My Account” on the menu bar.
  • Locate the Withdrawal tab and click on it.
  • Enter the amount you want to withdraw.
  • The next thing to do is to patiently wait for the withdrawal request to be reviewed and the money to be transferred into your account.

If you are NOT compliant:

In case you are not a fully compliant trader, the withdrawal process can be a bit longer because we need to verify your account first. To verify an account, we require traders to submit compliance documents including:

  • A proof of identity.
  • A proof of address.
  • A proof of payment.
  • The Investment Testimony Form.

The documents need to be sent to our compliance team at [email protected].
Once these documents are sent and approved by the compliance department, you will be able to proceed with your withdrawal request.
Note that before approving and processing a withdrawal, there are circumstances under which BinaryOnline may request additional information and documentation.

Prerequisites for a Successful Withdrawal

  • You must have a fully compliant trading account with BinaryOnline.
  • The amount of money you want to withdraw should be less or equal to the total amount of money you have in your trading account.
  • In case you made a deposit with a credit card other than your own, you will need to submit an Investment Testimony Form and Card Authorization Form bearing your and the credit card holder’s signatures.

Methods of Withdrawal

The next consideration is the payment method that you can use to withdraw funds from your account. BinaryOnline allows withdrawals made to a debit or credit card and by bank transfer.

Debit/Credit Card Method

Making a withdrawal to your debit/credit card is fast, easy and secure and the funds are usually cleared within 3-5 business days. Withdrawal charges will vary depending on the type of card you use.

Bank Wire Transfer Method

In contrast to debit/credit cards, withdrawal by wire transfer involves a direct interaction between your bank account and that of BinaryOnline’s. The process is lengthier but should not take longer than 3 business weeks. Note that withdrawal charges will apply and some banks may also make an additional charge on each transaction. For more information about withdrawal charges, contact support team at [email protected].

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