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:
To withdraw funds from your account, just follow these steps:
The withdrawal process in AvaTrade can be done in only 1 or at the maximum, 2 working days. Remember that AvaTrade's regular operating hours is from Monday to Friday. 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.
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 The first $1,000 amount you have withdrawn will be credited back to your debit card used to fulfill your deposit. The balance of $1,400 meanwhile, can be withdrawn by using an entirely different method like wire transfer or through other e-payment solutions.
Typically, it only takes 24-48 hours before a withdrawal request is granted for those using Credit Cards, e-Money and Debit Cards. For withdrawal via wire transfer, expect up to 10 working or business days before the withdrawn accounts can be shown in your account.
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.