Withdrawal Guide
Key Takeaways
- Close trades and confirm available (not just equity) balance first.
- Withdraw to the same method you deposited with where required.
- Account for fees, processing time and taxes.
Closing trades
You can only withdraw funds that arenβt tied up in open positions. Close or reduce positions to free up margin before withdrawing.
Available balance
Distinguish equity (includes floating P&L of open trades) from available/free balance (what you can actually withdraw). Withdraw from the available balance.
Withdraw from broker
In your broker dashboard, go to Withdraw, choose your method and amount, and confirm. Brokers often require withdrawals to return to your original deposit method (anti-money-laundering rules).
Withdraw from exchange
On a crypto exchange, you can withdraw crypto to an external wallet (double-check the network and address) or sell to fiat and withdraw to your bank.
Bank transfer
Reliable for larger amounts, typically 1β3 business days, with low-to-moderate fees. Ensure your bank details exactly match your account name.
E-wallet withdrawal
Services like PayPal/Skrill (where supported) are fast, often same-day, but can carry higher percentage fees.
Withdrawal fees
Fees vary by method and platform β flat fees, percentages or crypto network fees. Always check the fee before confirming, especially for crypto where network congestion raises costs.
Processing time
Instant to several business days depending on method and any manual review. First withdrawals may take longer due to extra verification.
Tax considerations
Trading profits are often taxable. Rules differ by country β keep records of all trades and withdrawals, and consult a qualified tax professional in your jurisdiction.
This is educational information, not tax or financial advice. Always confirm tax obligations with a licensed professional where you live.
Frequently Asked Questions
Many brokers must return funds to the original deposit method first for compliance. Profits above your deposit may go to your bank.