When using an online trading platform, other than making trades and depositing funds, the next important process any user must learn is the withdrawal process. In this article, we will discuss all the topics related to the AvaTrade withdrawals.
The regulatory bodies require that you verify and confirm your identity and account before you can withdraw funds from your Avatrade account. Avatrade is required to follow the KYC process (Know Your Customer Process) strictly in order to ensure you receive your funds.
After successfully verifying your identity and home address, you can now proceed to submitting a withdrawal request.
Before you can withdraw your Avatrade funds, you need to verify your account by submitting these documents:
Please be aware that access to the AvaTrade withdrawal page is contingent upon successful verification and approval of your documents. To initiate the withdrawal process, it's essential that you upload the required documentation promptly.
To withdraw funds from your account, just follow these steps:
Since AvaTrade is a heavily regulated broker, it follows strict regulatory requirements and abides by anti-money laundering regulations. Avatrade withdrawals are allowed using the same payment method to which you used to fund your account.
However, please remember: You need to withdraw up to 100% of your total deposit to your debit or credit card. Following this, you can withdraw the rest of your funds by using another payment method, depending on your preference.
You deposited $1,000 using your debit card. You then happened to earn a $1,400 profit. The first $1,000 amount you have withdrawn will be credited back to your debit card used to fulfill your deposit. The balance of $1,400 meanwhile, can be withdrawn by using an entirely different method like wire transfer or through other e-payment solutions.
The withdrawal process in AvaTrade can be done in only 1 or at the maximum, 2 working days. Remember that their regular operating hours is from Monday to Friday.
Typically, it only takes 24-48 hours before a withdrawal request is granted for those using credit cards, debit cards or e-payments. For withdrawals via wire transfer, expect up to 10 working or business days before the withdrawn accounts can be shown in your account.
|Payment Method||Processing Time|
|Credit Card||24-48 hours|
|Debit Card||24-48 hours|
|Wire Transfer||Up to 10 business days|
|E-payments (❌ EU and Australian clients)||24-48 hours|
A bit of a delay in the withdrawal process may take place if transacted over the weekend or during a holiday. Another reason for a possible delay may be caused by interruptions from your bank, or from an e-payment platform or even your credit card.
Remember: Before initiating a withdrawal request with AvaTrade, it's critical to verify that all stipulated requirements are fulfilled. Keep in mind that additional documentation may be requested for further verification. Once all criteria have been satisfied, your withdrawal will be promptly processed.
In case you made a withdrawal request and decided to cancel later on, it is possible to do so provided that it hasn't been processed yet. To cancel a withdrawal just follow these simple steps:
AvaTrade does not charge any withdrawal fees. That means whatever amount you cashed out from your trading account will not have any deductions.
It's possible that you may incur transfer or processing fees from your payment service provider. This is no longer related to AvaTrade so be sure to check this with them to avoid any surprise charges.