Table of contents:
- 1 Olymp Trade withdrawal methods:
- 2 How to make the Olymp Trade withdrawal:
Olymp Trade has an array of channels through which you can withdraw your profits from your trading account. This wide array of channels gives traders from different parts of the world access to multiple channels; as such, the fact that some withdrawal channels are available in some countries and not in others will not be a barrier.
Available payment methods:
Olymp Trade withdrawal methods:
The methods through which you can withdraw your profits from your Olymp Trade online trading account include the following:
- Bank Cards
One of the most recommended channels through which you can use to make withdrawals is via Visa or MasterCard debit cards. However, it is recommended that the card you choose must be the one you used when depositing into the account.
- Digital Wallets
You can withdraw through FasaPay, Skrill, Neteller, WebMoney and AstroPay.
With this, you should get credited within the space of a day.
Furthermore, you can withdraw to your cryptocurrency wallet. The only cryptocurrency in which payments are being made – at least in the present – is Bitcoin.
As such if you need any other crypto coin, you can simply convert your Bitcoin using crypto exchanges.
It is imperative to note that the channel through which you choose to withdraw must be one that you used in depositing trading capital into the OlympTrade live trading account.
Besides, to be able to make withdrawals from your Olymp Trade trading account, you must have undergone a verification process to certify that you are the owner of the account. The rules that apply to trading with Olymp Trade allow you to deposit into your trading account and make trades from that account without much rigorous verification process.
However, when it is time to withdraw, your profits will not be paid to you if you do not undergo the process and get verified. This is done primarily to protect you and your capital from potential fraudulent activity.
What is Olymp Trade Minimum and Maximum Withdrawal Amount?
Anytime you want to withdraw your profits from OlympTrade, the minimum you can do at a particular time is $10. On the other hand, there is no maximum.
Olymp Trade Verification Process
To get verified with OlympTrade, you need to present many documents and take some steps.
The documents you need include:
- Identity Card or Document: Olymp Trade wants to know if you are who you say you are. As such, they need an identity document bearing your name as you entered during registration. The ID card, in this case, can be your Indian National Identity Card or your driver’s license, or your International Passport.
- Selfie of you holding the ID card: To further authenticate your verification, you need to snap a selfie picture of yourself holding any of the ID documents above.
- Proof of Address: Olymp Trade will also like to know if you actually reside where you claim to reside at. As a show of proof of address, you can use the signed and stamped account statement from your bank.
You are to upload each of these documents when requested.
How to make the Olymp Trade withdrawal:
From our experience, it is very simple to do a withdrawal. Just login to your trading account and click on the button “withdraw”. Then you get access to the account cabinet where you can choose the withdrawal amount and the payment method.
How long does your withdrawals take?
When you request to withdraw your profits from your account, you should have an idea as to when the money will get credited to your withdrawal channel.
With OlympTrade, most withdrawals will be completed within 24 working hours. However, things can be faster; that is, you can get your money earlier than 1 business day. The tips listed below should help:
- By far the best way to get faster withdrawals anytime you request is to work your way up to Expert trader status. OlympTrade operates a kind of trader status programme in which traders are grouped into specific categories depending on their meeting some criteria. The 3 Account Statuses provided by OlympTrade include the Starter Status, the Advanced Status and then Expert Status accounts.
While each has its own benefits, by far the most beneficial is the Expert Status account. The perks that come with having an Expert Status OlympTrade live account include the 92% payout rate for winning trades as against between 82% and 84% on other account types.
Owners of an Expert Status account can open up to 30 trades at a single time; they have access to regular one-on-one training as well as a dedicated, personal analyst. The Expert Status account also comes with 15 already built-in strategies, and daily exclusive trading ideas.
Finally, the Expert Status gives you the ability to withdraw your profits almost instantly as against waiting 24 hours or more as you find with other account Statuses.
However, to have access to the Expert Status account, you need to deposit at least $2,000 into your OlympTrade trading account.
- Another tip is making use of an e-wallet like Skrill or Neteller to make deposits and then withdrawals to your Olymp Trade account. These e-wallets work directly with Olymp Trade to provide faster transactions.
- Verification: Getting the highest level of verification from a third-party verifier like Google, using Google authenticator might also make your payouts faster. This is because if you can attain that, OlympTrade will be able to transfer funds with less time restrictions. At the same time, they go through the standard verification protocol.
Does Olymp Trade charge for withdrawals?
OlympTrade does not charge any amount for your withdrawals. However, the withdrawal channel (say MasterCard/Visa or Neteller/Skrill/WebMoney) may decide to charge some amount for rendering its services to you.
Can bonuses be withdrawn?
Whenever you make deposits into your OlympTrade live account, you are given specific deposit bonuses; these bonuses are meant to give you extra power to make trades. They are not meant to be withdrawn.
Conclusion: Olymp Trade makes fast and secure withdrawals
Many traders are afraid that they get scammed by online brokers. This is not the case with Olymp Trade. The broker is regulated and has millions of customers.
From our experience, the withdrawals are very fast and mostly done in a few hours. In addition, there are no fees and limits for your payments.
We tested the withdrawal several times and we can recommend these brokers. There is no scam or fraud. In our opinion, Olymp Trade is a fair broker where you can earn a lot of money.
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