RoboForex Withdrawal Review
To withdraw money from RoboForex:
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Log in to your account;
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Account selection;
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Directing to “Withdraw Funds”
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Payment system choice
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Select "Go to"
Navigating through the financial nature of online trading can be complex. This review aims to simplify at least one aspect of your RoboForex experience: the withdrawal process. We will detail the steps to withdraw your hard-earned profits shed light on withdrawal limits, currencies, timings, and fees, and answer the question: Is RoboForex legit or not? Let’s get started.
RoboForex withdrawal methods, speed and fees
| Method (Yes, no or list available options) | Speed | Fee | |
|---|---|---|---|
Yes. VISA/MasterCard/JCB/CUP |
up to 10 days |
up to 2.6% + 1.3 USD |
|
Yes. |
1-3 days |
1.5% to 4%. |
|
Payment services (list available, if any) |
Yes. |
up to 1 day |
0.5 % to 1.9% |
Crypto (list available, if any) |
No |
|
|
How to withdraw money from RoboForex
Navigating the financial terrains of online trading platforms like RoboForex requires a keen understanding of the procedures involved, especially when it pertains to accessing your funds. Withdrawing your profits or capital should be a seamless process, and RoboForex has ensured it is through a few simple steps.
Accessing your member's area. Think of your journey with RoboForex as an expedition. The very first step is entering the Members Area. Much like the dashboard in a car or the cockpit of a plane, this space is your central hub, offering insights and controls to various account functionalities. It's personalized, making your interaction with RoboForex tailored to your needs.
Account selection. Diving deeper into the dashboard, traders with multiple accounts must be especially cautious. Ensure that the active account displayed is the one you want to retrieve funds from. It’s akin to choosing the right wallet from a collection – you need to know where your money is.
Directing to “Withdraw Funds”. This is the crossroads where the actual withdrawal journey commences. It's a direct route with no excesses or complications, designed to usher you into the withdrawal mechanism.
Payment system choice. Just as one might choose a particular route based on traffic conditions or destination, selecting the right withdrawal method is crucial. RoboForex provides a variety of options, each catering to different needs and locations. This ensures that there's a suitable method for you whether you're in the East or the West.
Following through. As with any online transaction, details matter. Post selecting "Go to", RoboForex might seek additional details. It's an added layer, ensuring that your funds navigate correctly to you.
The waiting time. Every transaction undergoes scrutiny. It's not a test of patience but a standard procedure to ensure security and accuracy. RoboForex commits to a window between 9:00 AM and 6:00 PM (EET) for this, encapsulating it within two business days.
What is RoboForex's minimum withdrawal amount?
RoboForex has set flexible limits for its traders. You can initiate a withdrawal for amounts ranging from as little as 1 USD up to 50,000 USD. The minimum withdrawal on RoboForex depends on the payment method you choose. For most payment methods, this amount ranges from $1 to $5. The largest minimum withdrawal available for Bank Transfer is $500 or the equivalent in Euro.
This range caters to both small-scale and large-scale traders. Moreover, the RoboForex minimum deposit is $10 for a ProCent or Pro Prime account and $100 for a StocksTrader account. The RoboForex fee depends upon the withdrawal method and amount.
What are RoboForex withdrawal currencies?
Currency flexibility is crucial in the global trading landscape. RoboForex primarily permits withdrawals in USD and EUR. However, other currencies might be supported based on your chosen payment method and location. It is always advisable to check the compatibility of your preferred currency with your withdrawal method to avoid any inconveniences.
What is RoboForex withdrawal time?
Time is money, especially in the trading world. RoboForex understands this. Their withdrawal applications are diligently processed within two business days, specifically between the hours of 9:00 AM and 6:00 PM (EET). It's a commitment to efficiency, ensuring your funds reach you on time. Withdrawals are usually carried out on trading days, so you can check the RoboForex schedule.
Where can users see withdrawal status?
After initiating a withdrawal, anticipation can be high. RoboForex ensures transparency by providing a notification once your withdrawal is processed, which typically takes 1-3 business days. For real-time status, users can check within their Members Area or contact customer support.
FAQs
How long does it take to withdraw from RoboForex?
Withdrawal applications at RoboForex are processed within two business days, typically between 9:00 AM to 6:00 PM (EET).
Can I withdraw the RoboForex bonus?
RoboForex bonuses are non-withdrawable. They are automatically deducted if a stop-out occurs. However, while the bonus itself isn't available for withdrawal, profits generated from it are.
Does RoboForex charge for withdrawal fees?
Yes, RoboForex does levy fees for withdrawals. The specific amount can vary depending on the withdrawal method chosen.
Is RoboForex legal?
Absolutely. RoboForex Ltd operates under the FSC Belize brokerage license, specifically "Trading in financial and commodity-based derivative instruments and other securities", with license number 000138/437.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.