With OptionWeb, withdrawals are a quick and easy process. Learn how to make an OptionWeb withdrawal now!
How to make an OptionWeb withdrawal
To make a withdrawal with OptionWeb, simply log into your account, click on “my account”, and then on “withdrawal request”. Now enter the amount you want to withdraw and click “withdraw”. Now your money is on its way to you. Depending on which withdrawal method you use and which account type you have, you will get your money within the next 2 to 7 business day.
OptionWeb offers these withdrawal methods:
Credit card / debit card: Probably the most often used withdrawal method, credit card withdrawals free, easy, and quick. Depending on your account type, the withdrawal will by executed by OptionWeb within 1 to 5 days. After that, it will be less than two more days before your receive your withdrawal.
Bank transfer: Another popular withdrawal method, bank transfer is the only withdrawal method that does not require you to have an account with a third party (credit card / online payment provider). Depending on where you live, bank transfer withdrawals can take up to 5 business days longer than withdrawals per credit card, which is the drawdown of this deposit method.
Online payment providers: By allowing you to use an online payment provider, OptionWeb enables you to manage your withdrawals in the easiest way possible. You can store your banking information with a payment provider and only need to log in to your account with this provider to withdraw money from OptionWeb. Supported online payment providers are Skrill (Moneybookers), and Neteller. While you can also deposit money via Neosurf and Paysafe, these online payment providers can’t be used for withdrawals.[table id=37/]
All withdrawals with OptionWeb are free. Compared to other brokers, which sometimes charge you up to $25 per withdrawal, this is a huge advantage. Now, even traders with a small account balance can withdraw money without having to pay a fee that is as high as their withdrawal amount.
It is also important to understand that your withdrawal processing time depends on your account type. Higher account types get higher withdrawal priority and receive their money faster than lower account types.
For the starter and the standard account, your withdrawal processing time is up to 5 days. The silver account, which requires a minimum deposit of $3,000, reduces the processing time to 2 day, and the starting with the gold account, which starts with a minimum deposit of $10,000, your withdrawals will be processed within 1 day.