Eightcap Withdrawal Review | Step By Step Guide
To withdraw funds from your Eightcap account:
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Visit the official Eightcap page and enter your credentials to log into your client dashboard
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From the menu on the left, select “Deposit/Withdraw”
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Select the "Withdraw" option
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Choose the desired withdrawal account (or add a new bank account)
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Click "Request withdrawal" after entering the amount
Uncertainty regarding withdrawal costs, security, and withdrawal processing time is a problem that many internet traders encounter when they try withdrawing their funds on some trading platforms. This concern makes it necessary for traders to research a broker's deposit and withdrawal processes before registering. Traders can feel secure knowing that their money is safe, and they can take advantage of the flexibility to take money out whenever it is convenient for them without incurring any extra fees, delays, or hassles. In this review, we delve into the key factors that establish Eightcap as a reputable broker and provide a comprehensive step-by-step guide on how to withdraw from Eightcap.
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How long does it take to withdraw from Eightcap?
The duration for withdrawal from EightCap varies according to your chosen payment method. For instance, opting for crypto transactions ensures instantaneous processing, whereas bank cards and transfers typically require 2 to 5 days. Opting for electronic withdrawal channels such as Skrill and Neteller usually results in funds arriving within 1 to 3 business days.
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What is the minimum EightCap withdrawal?
The minimum withdrawal on EightCap is based on the payment used. Bank cards and Paypal have no withdrawal limit, but options like Skrill and Neteller have a minimum of $50.
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Does EightCap charge for withdrawal fees?
No. EightCap does not charge traders withdrawal fees, but some payment methods might require the traders to pay some additional fees for the transactions to be completed.
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Is EightCap legal?
Yes. EightCap is legal. This broker is licensed by top financial regulators like ASIC and FCA and regulated in the European Union via the MiFID passporting system.
Eightcap withdrawal methods, speed, and fees
Eightcap withdrawal options
At Eightcap, there's a myriad of avenues for cashing out your funds without commissions. Primarily, you can opt for the traditional bank transfer route. Besides this, Eightcap offers the flexibility of withdrawing to your debit or credit card. Additionally, there's the option to transfer funds to specific electronic wallets. At Eightcap, you can transfer money to various electronic wallets like Skrill, Neteller, PayPal, Wise, PayRetailers, Fasapay WorldPay, uPOP, BPay, and POLi Payment, expanding your choices for seamless transactions.
| Withdrawal methods | Supported countries | Speed (Processing Time) | Withdrawal limit | Fee |
|---|---|---|---|---|
|
All countries where the services are available except:
|
1 to 5 business days |
Above USD $25 / EUR $20 |
$0 |
|
|
Bank cards (Visa and Master card) |
All countries where the services are available except China and Japan |
2 to 5 business days |
No limit |
$0 |
|
Skrill |
All countries where the services are available except Italy Kazakhstan |
1 business day |
$50–$50,000 |
$0 |
|
Neteller |
All countries where the services are available except Italy Kazakhstan |
1 business day |
$50–$50,000 |
$0 |
|
Crypto (USDT(TRC20), USDT(ERC20), BTC (only for USD accounts)) |
All countries where the services are available and crypto trading is legal except: Australia Turkey Italy Kazakhstan |
Instant |
$10–$10,000 |
0.70% to 0.90% |
|
BPay |
Australia |
1-3 business days |
Above USD $25 / EUR $20 |
$0 |
|
FasaPay |
Indonesia |
1 business day |
N/A |
$0 |
|
Dragon Pay |
|
1 business day |
N/A |
$0 |
|
UnionPay |
Republic of China |
1 business day |
N/A |
$0 |
|
Interac Pay |
Canada |
1-3 business days |
Above USD $25 / EUR $20 |
$0 |
|
PixPay |
Brazil |
1 to 5 business days |
Above USD $25 / EUR $20 |
$0 |
|
Paypal |
|
1 to 5 business days |
No limit |
$0 |
How to withdraw money from EightCap
Withdrawing money on EightCap is straightforward. The steps below outline how traders can withdraw money from EightCap.
Step 1: Visit the official Eightcap page and enter your credentials to log into your client dashboard.
Creating an account
Step 2: From the menu on the left, select "Deposit/Withdraw."
Eightcap dashboard
Step 3: Select the "Withdraw" option.
Step 4: Choose the desired withdrawal account (or add a new bank account).
Step 5: Click "Request withdrawal" after entering the amount.
What is the EightCap minimum withdrawal amount?
The minimum withdrawal amount on EightCap varies depending on the payment method selected.
| EightCap withdrawal method | EightCap’s minimum withdrawal amount |
|---|---|
Bank card |
No limit |
Bank transfer |
Above USD $25 / EUR $20 |
Crypto |
$10 |
Paypal |
No limit |
Neteller |
$50 |
Skrill |
$50 |
Union Pay |
N/A |
PixPay |
Above USD $25 / EUR $20 |
FasaPay |
N/A |
DragonPay |
N/A |
What is EightCap withdrawal time?
The withdrawal time is dependent on the EightCap withdrawal method used, but the average time is 1-2 business days.
| EightCap withdrawal method | EightCap’s withdrawal time |
|---|---|
|
Bank card |
2-5 business days |
|
Bank transfer |
1-5 business days |
|
Crypto |
Instant |
|
Paypal |
1-5 business days |
|
Neteller |
1 business day |
|
Skrill |
1 business day |
|
Union Pay |
1 business day |
|
PixPay |
1-5 business days |
|
FasaPay |
1 business day |
|
DragonPay |
1 business day |
|
Interac Pay |
1-3 business days |
|
BPay |
1-3 business days |
Expert opinion
Withdrawing funds on EightCap is straightforward, considering the several payment options available for users. This multi-faceted approach to withdrawals not only enhances accessibility but also underscores Eightcap's commitment to accommodating the evolving needs of its clientele. Furthermore, the availability of diverse withdrawal options contributes to a seamless trading experience, facilitating swift and hassle-free transactions. This can be helpful for traders who need quick access to their money for a variety of reasons, like personal spending or reinvestment.
Funds are received between 1-3 days; most of the time, traders can get their money instantly. Some withdrawals from Eightcap cost nothing, but other methods might cost more. EightCap provides a range of withdrawal choices, allowing users to utilize credit or debit cards in addition to more traditional ways like bank transfers.
Additionally, the platform's attractiveness is increased by using electronic wallets such as Skrill, Neteller, PayPal, Wise, and others, giving users more options for effectively managing their finances. In terms of security, Eightcap employs robust measures to safeguard users' funds during the withdrawal process. The platform utilizes advanced encryption technologies and follows strict security protocols to protect user's sensitive information and prevent unauthorized access.
Conclusion
EightCap offers a diverse range of withdrawal options, providing flexibility and convenience to its users. The efficiency of the fund processing time can be crucial for traders who need to withdraw from Eightcap quickly for various reasons, including capital management and liquidity needs. Moreover, Eightcap provides various withdrawal methods, including bank transfers, debit/credit card withdrawals, and electronic wallets such as Skrill, Neteller, PayPal, and more. This extensive range of options allows users to choose the method that best suits their preferences and requirements.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).