Withdrawing Funds at Xtrade
When choosing an online CFD broker, it is crucial that you pay extra attention to the broker’s withdrawal policy. If the broker’s policy is confusing or evasive, choose another. A clearly worded withdrawal policy indicates that you’re dealing with a transparent and regulated online trading broker.
We’ve studied Xtrade’s withdrawal policy carefully, and have concluded that it adheres to all of the relevant rules and regulations. As a result of the fact that Xtrade is a major European and Australian Forex broker, the company website includes a clear section on how to withdraw funds from a trading account. Just as important, Xtrade is especially vigilant in protecting online traders from fraud and identity theft, outfitting their CFD trading software with sophisticated encryption and security technologies.
The broker will process your withdrawal request within five business days, sending you your funds via the same method with which you made the deposit (credit card, PayPal, bank transfer, and so on). In order to prevent delays, Xtrade encourages its traders to make sure that the required identifying documents (listed on the website) are up-to-date. This reflects well on Xtrade, suggesting that it is a broker to trust.
To withdraw funds, follow these steps:
- Login to your trading account
- Click on “Withdraw”
- Enter the withdrawal amount
- Click on “Submit”
- Print/scan and email/ fax a copy of the form
Please note that if you still have open trading positions when withdrawing funds, the broker will not let you withdraw your entire balance, as a minimum amount must be kept in the account in order to maintain any open positions.
We did not experience any difficulties in withdrawing funds, and the Payment Support Department responded to our requests promptly.