Does RoboForex Pay Out Profits?
Yes, RoboForex guarantees timely payment of profits. Traders from the TU community confirm in their reviews that the company withdraws profits within 1-3 days. The company complies with the agreements and operates according to the regulations of FSC Belize (license No. 000138/437).
"Does RoboForex pay?" is a popular question most beginner traders ask when they want to sign up with this broker. While the answer is yes, RoboForex pays out profits to traders using several payment methods that are user friendly. Again, RoboForex is among the top brokerages that offer traders reliable withdrawal methods. In this article, you will find out what makes RoboForex a safe broker, how to withdraw funds from RoboForex, and the withdrawal limit.
Is RoboForex trustworthy? Is RoboForex regulated?
Yes. RoboForex is a reliable and legitimate trading platform considering how it strives to keep user's assets safe. RoboForex is an international broker governed by capable financial regulators. One of the factors that makes a broker safe for investors is regulation. This broker holds license from IFSC Belize with license number 000138/437.
Reputable regulators oversee the company's integrity and solvency, and RoboForex, as a top participant with the Financial Commission, guarantees that clients' financial endeavors are protected.
RoboForex won the esteemed International Business Magazine Awards' Most Trusted Broker title in 2023. This award further highlights the level of safety that can be found when trading on this platform, so do not wait to start your trading journey and open an account with RoboForex.
In addition to being a dependable and user-friendly broker, RoboForex offers traders top deposit and withdrawal methods to withdraw their profits after investing in Forex or stocks.
How long does it take to withdraw?
The RoboForex withdrawal time limit depends on the withdrawal method initiated, so the time can vary. During business days, the typical turnaround time for withdrawing funds from RoboForex is between 24 and 48 hours. Processing times vary for different payment methods, including e-wallets, bank transfers, and credit/debit card withdrawals. A trader's location affects the payment options that are available to them; additionally, some payment methods may take longer or shorter than the average time stated above. Withdrawals are usually carried out on trading days, so you can check the RoboForex schedule.
The table below compares the various payment options and the time it takes for withdrawal orders placed with them to complete.
| Payment Method | RoboForex withdrawal time limit |
|---|---|
|
Bank Transfer (SEPA) |
up to 3 days |
|
up to 10 days |
|
|
Local Bank Transfer |
up to 1 day |
|
up to 1 day |
|
|
AstroPay |
up to 1 day |
|
Perfect Money |
up to 1 day |
|
STICPAY |
up to 1 day |
|
up to 1 day |
Additionally, the maximum or minimum withdrawal amount for RoboForex varies based on the withdrawal method you select.
RoboForex offers its traders adjustable limits. You can start a withdrawal with as little as $1 or as much as $50,000. This amount varies from $1 to $5 for the majority of payment methods. For bank transfers, the maximum minimum withdrawal amount is $500, or the equivalent in euros.
| Payment Method | RoboForex withdrawal minimum |
|---|---|
|
Bank Transfer (SEPA) |
500 – 49,990 EUR |
|
10 - 10,000 USD |
|
|
Local Bank Transfer |
up to 20,000 USD |
|
1 - 100,000 USD |
|
|
AstroPay |
0 - 10,000 USD |
|
Perfect Money |
from 0.1 USD |
|
STICPAY |
10 - 49,999 USD |
|
5 - 100,000 USD |
How to Withdraw From RoboForex
-
1
Go to the official RoboForex website and sign in to your membership area.
-
2
Then select "Withdraw Funds."
-
3
Please confirm that the account you want to withdraw funds from is the one that is active in your member's area at this time.
-
4
From the drop-down menu with the withdrawal options, choose the payment method.
Note:
Depending on the payment method you have chosen, you may need to enter additional information on the following page to create a withdrawal application. Please be aware that the company processes withdrawal requests between 9:00 a.m. and 6:00 p.m. (EET) every two business days. If you have any questions at any time while the withdrawal process is underway, please contact RoboForex Live Support.
Possible withdrawal problems
Although RoboForex guarantees that its traders receive the best possible withdrawal service, traders should make sure they have addressed the following to prevent any potential issues with withdrawals.
-
Constraints of the selected payment option
-
Ensure to validate your trading account, as unverified accounts may result in delayed or non-existent withdrawal processing.
-
Check the available margin and account balance.
-
Check your trading account to see if you have any open positions or pending orders, and make sure you have closed or canceled any relevant positions or orders.
-
Check the terms and policies for withdrawals offered by RoboForex.
Note:
It is best to get help from RoboForex's customer service if you run into any issues when using any of the RoboForex withdrawal methods.
FAQs
How long does it take to withdraw money from RoboForex?
Traders can typically withdraw money from RoboForex in two business days. The deadline for each of the available payment options varies and can be extended by a maximum of 48 hours, though this can be altered. RoboForex handles withdrawal requests from 9:00 a.m. to 6:00 p.m. (EET) Monday through Friday. Orders received after these hours may take longer than two days on average to process.
Does RoboForex charge for withdrawals?
RoboForex does not charge traders for withdrawals, but the third parties fulfilling these payment orders might charge the client. Since this has nothing to do with the RoboForex platform, traders are advised to review the withdrawal fees set by the payment company before selecting them.
How does RoboForex make money?
RoboForex generates revenue by providing bid-ask spreads to its customers, just like a lot of other retail Forex and CFD (Contracts for Difference) brokers. On some account types, RoboForex may charge a commission in addition to swap or rollover fees. Broker commissions, spreads, and other fees rise in response to increased trading activity. Higher trading volumes, which can happen during times of market volatility, are advantageous to RoboForex.
How long does it take to deposit on RoboForex?
The time it takes to deposit money in a live trading account on RoboForex varies depending on the payment method selected, but it is always within 1 to 5 days.
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.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.