Does Eightcap Pay Out Profit
Eightcap pays profits to clients without fail - this broker can be relied on. The company is registered in the Bahamas and Seychelles, regulated by ASIC, SCB, CySEC , FCA, so the interests of the trader are protected. Withdrawal time from Eightcap depends on the method chosen. Usually bank transfers can take up to 5 business days, and to e-wallets and cards - up to 2 business days.
Eightcap is characterized not only by regulation, the number of trading instruments and comfortable Eightcap commissions and spreads, but also by how quickly and conveniently a trader can withdraw his profit from the broker's platform. This review is intended for those who are going to entrust their funds to Eightcap and want to get answers to questions concerning its deposit/withdrawal functionality.
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How long does it take to withdraw money from Eightcap?
Withdrawal time from Eightcap depends on the chosen method. Usually, bank transfers can take up to 5 business days, while e-wallets and credit cards can take from a few hours to 2 business days.
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How to withdraw money from Eightcap?
To withdraw funds from Eightcap you need to enter your personal cabinet, select the "Withdrawal of funds" section and follow the instructions on the screen, indicating the desired withdrawal method and the required amount.
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How does Eightcap make money?
Eightcap makes money through trading commissions, spreads and possible other fees. Read about Eightcap minimum deposit.
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Does Eightcap charge a withdrawal fee?
Eightcap does not charge withdrawal fees. However, there may be fees charged by payment systems or intermediary banks for transactions.
Is Eightcap trustable? Is Eightcap regulated?
Eightcap is a reputable, highly regulated and trustworthy broker. The company is registered in the Bahamas and Seychelles, regulated by ASIC(391441),SCB (SIA-F220), CySEC (246/14), FCA(921296), so the interests and funds of the trader are reliably protected, and the activity remains transparent.
How long does it take to withdraw?
Withdrawal time from Eightcap varies from a few hours to 2-5 business days, depending on the selected payment system.
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Visa, MasterCard, POLI, BPAY, UnionPay, Skrill, Neteller - it takes from several hours to two working days to withdraw money and get it to the client's account.
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Bank transfer - due to the specificity and unpopularity of this method among Eightcap clients, such a transfer can take up to five working days.
Possible withdrawal problems
If there is a problem when withdrawing funds from Eigtcap, or the money is not received within the stated period of time, experts recommend not to be in a hurry to start worrying or to recognize the broker as unreliable. It is enough to contact Eightcap's multi-lingual customer support for an explanation of the reasons. The reasons for the delay in withdrawing money can be the following:
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Limitations of the chosen payment method: Some payment systems or methods may have limitations on withdrawal amount, processing time or availability in your region. For example, bank transfers take longer to process than e-wallets.
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Lack of verification or incomplete verification. Eightcap may require verification of your identity or address, as well as verify your trading activity. If you have not completed the verification process, this may delay your withdrawal.
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You may have unpaid invoices or debts that may affect the withdrawal process.
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You should also make sure that you do not exceed the withdrawal limits set by Eigtcap.
Expert Opinion
Withdrawal is an important aspect for traders and a broker should provide efficient and convenient withdrawal methods. Eightcap provides a variety of withdrawal methods, including card transfers, bank transfers and e-wallets, which provides flexibility and convenience for traders. However, please note that withdrawal times may vary depending on the method chosen and the terms and conditions of the banking and payment systems. In case of problems or delays in withdrawal, it is recommended to contact the broker's support service for assistance and problem solving.
Conclusion
Eightcap broker is a reliable and strictly regulated market participant, which provides traders with a wide range of opportunities for successful trading. Given the variety of withdrawal methods and their promptness, clients can effectively manage their finances. It is important to remember that possible difficulties in withdrawing funds may arise due to limitations of payment systems or account verification requirements. However, with the right approach and following the proper procedures, Eightcap continues to be a reliable choice for traders.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
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.