How to Cash Out Money?
The good thing about brokers’ cash out process is the fact that it’s almost unanimous all over the binary options business. This means that if you learn to withdraw money at one broker you will be able to do that at most other brokers too because it’s the same all over the place.
Enter the amount you wish to withdraw
In order to withdraw money in binary options you will have to access the cashier page of your broker. Here, you will have to enter the amount of money that you wish to withdraw. Some brokers might have minimum withdrawal requirements meaning that you can only withdraw money if you have made a certain amount of profits.
A measure like this isn’t really fair because it limits those who aren’t traders who trade in large volumes. This is the reason we decided to list those binary options brokers that don’t have minimum withdrawal requirements. If you register at these brokers then you can withdraw any amount you want without restrictions.
Choose the payment processor
After you have decided how much money you want to withdraw, you need to select a payment processor that will take care of the monetary transfer. In financial trading, you can withdraw money with a variety of tools such as credit cards, Moneybookers and wire transfer.
Moneybookers is one of the safest and most secure payment processors in binary options trading. Check out this list of Moneybookers binary options brokers if you want to register at a broker that offers this payment processor.
Confirm the withdrawal
After all this is done, you just have to confirm your transfer. After this, a support staff member of your broker will evaluate the request and process it. Depending on the payment processor you have chosen, you should receive your money within 4 to 7 days.
Withdrawal waiting times
As hinted above, you will not receive your deposited money instantly into your bank/credit card/Moneybookers account. There are two main reasons why this is so. The first reason is that withdrawals are not automatically executed by a software program.
Like in the case of deposits, a withdrawal will also have to be executed manually by a real person. However, support staff members of binary options brokers can’t always process payments the money they have been requested by traders.
Usually thousands of traders are requesting withdrawals on a daily basis. This will lead to waiting times of a few days, resulting in the 4 to 7 days delay until you will receive your money into your personal bank, credit card to payment processor account.
The second reason for waiting times is the fact that withdrawals will have to be screened by brokers. What this means is that at each withdrawal a support staff member of the broker will check if the trader in question has legitimately earned his or her money or has used various exploits such as software hack and similar.
This rule isn’t something brokers just arbitrarily made up in order to delay withdrawals with the purpose of determining traders to continue trading instead and maybe lose their money. Brokers are obliged by the law to implement these measures. If they would refuse doing these they would lose their licenses.
Can I Withdraw Money at Any Moment?
Yes, you can withdraw your profits at any moment at all legitimate financial trading service providers. Brokers that do not allow this are not legitimate. However, you might not always be able to immediately withdraw your deposit as well as the received bonus in case you have accepted a bonus.
Many financial betting service providers also offer bonuses on traders’ initial deposits. Bonuses are basically free money gifts that are used to persuade traders to register and deposit money. However, by receiving a bonus you will lose the right to withdraw your deposit and bonus until certain conditions are met.
These requirements usually require the trader to purchase a certain number of contracts or execute a certain volume of trades before a withdrawal is permitted. After these are met, traders will be able to withdraw their deposit and bonus money.
These requirements are perfectly normal and make a lot of sense. If brokers would allow traders to withdraw their deposits and bonuses immediately after receiving the bonus, then people would just register at brokers, make a deposit, get the bonus after which immediately withdraw the bonus plus the deposit.
However, even in case traders have received a bonus and they haven’t yet met the requirements that would allow the withdrawal of the bonus and the deposit, they will obviously still be able to withdraw any profits they have generated both with the deposited money and the bonus money.
Brokers with the Quickest and Simplest Withdrawal Processes
You should check out the binary options brokers that we listed on this page in case you’re looking for brokers that don’t have complicated withdrawal requirements and processes. All the brokers listed here are perfectly safe and legal and as such, offer quick and reliable withdrawal methods.
As explained somewhere above, the listed brokers also don’t have any minimum withdrawal requirements. If you want to withdraw just $10, then you can do that at any moment without any obstacles and weird terms and conditions.
Also, check out our additional binary options trading guides and winning tutorials. They will teach you how to trade binary options successfully and how to be able to generate consistent revenues all the time.