As we have tested Olymp Trade’s services we have also paid special attention to their withdrawals. Everything about broker can be ok, bonus can be fine, trading platform perfect, customer service satisfactory, but if withdrawals don’t work or if it takes too long to get your money back it’s a deal breaker for most traders. We take special look at Olymp Trade withdrawal methods and entire withdrawal process in this article. If you are interested read on. If you wish to learn more about Olymp Trade in general feel free to read our comprehensive Olymp Trade broker review.
Olymp Trade Withdrawal Methods | How To Withdraw Money?
Process of withdrawing your funds from your Olymp Trade account is quite easy. First, you need to submit a request for withdrawal in your dashboard. Click on the “Withdrawal” section, then you need to select one of preferred withdrawal methods. After that you just fill the amount you wish to withdraw and finally select “Submit request”. This is a simple process and after it is done Olymp Trade’s back office will start working on your request.
They claim it takes them only 24 hours to complete your withdrawal. But bear in mind that this applies only to working days. So, if you request withdrawal on Friday, they will complete their part of the job only in Monday. So that is the earliest time you can expect your money. On their page they claim all withdrawals are done in 5 business days at the longest. We think this applies if you make withdrawal via bank transfer. These usually take longer, but that is not because of Olymp Trade but because of your bank. If you use credit card you can get your money in 1-2 days.
Olymp Trade Withdrawal Methods | Where Can I Withdraw Money To?
There is a range of available withdrawal methods at Olymp Trade: QIWI, Yandex.Money, NETELLER, Webmoney, Fasapay, Skrill or to your bank card. Funds withdrawal by bank transfer is available in some regions. Unfortunately we don’t have information which regions. Keep in mind that withdrawal of your funds can only be completer to the wallet or bank card or bank account that was used to make the deposit.
There is also one more thing you need to know: minimum withdrawal amount is 10 USD or 10 EUR, depending on currency you made deposit in. Great news about Olmyp Trade withdrawal is that Olymp Trade charges no fees whatsoever on the money withdrawal. This makes them one of financially least demanding brokers.
Olymp Trade Withdrawal Methods | Conclusion
Olymp Trade proves to be one of best brokers if we compare brokers by withdrawal process. Money withdrawal is done very fast, sometimes even within 24 hours. There are many withdrawal (and deposit) methods that are available. Broker charges no fee from withdrawals, only limitation is minimum withdrawal amount of 10 dollars or 10 euros depending on the deposit currency. If you wish to trade with Olymp Trade you can click on the button below the text to open a free account. If you need to know more about Olymp Trade you can read our Olymp Trade broker review.