How To Withdraw Funds From RoboForex
RoboForex Withdrawal Options
As recognized by financial market specialists, RoboForex Group is one of the leading platforms for online trading today. RoboForex has provided the quickest stocks, soft commodities, indices, CFD, Forex, ETFs, and so on since 2009. RoboForex offers simple withdrawal choices, especially for traders who frequently encounter difficulties during the transaction process. Clients are also given the option of withdrawing money in tiny sums.
You can withdraw money from RoboForex by going to the Members Area on their website. Choose the "Withdraw Funds" option. Choose your desired withdrawal method from the available options. The withdrawal fees will vary depending on the mode of withdrawal you choose.
The platform may request extra information based on your payment method to create your withdrawal application effectively. All RoboForex withdrawal requests must be processed within two business days. In most circumstances, the withdrawal cost varies based on the payment method used.
RoboForex withdrawal options
When withdrawing money from their RoboForex account, RoboForex clients have many options.
The minimum withdrawal amount
Unlike other trading platforms, RoboForex allows its clients to withdraw funds even if the amount is little.
Withdrawal Fees
RoboForex, as a broker, offers consumers a trading platform, research tools, mobile trading choices, and educational resources. Such services are provided for a price. RoboForex also charges a withdrawal fee based on the spread. The spread is the difference between a specific asset's buying and selling price.
All trading platforms charge service fees, downtime costs, and other fees while withdrawing. RoboForex is known to charge slightly more than other platforms. Its price structure varies based on the type of account you have.
Trading Commissions
Clients will be charged a trading fee when they place a transaction. This includes currency conversion fees, rollover and overnight fees, commissions, spreads, and other fees.
Spreads start at 1.3 pips for Cent, Pro-Cent, and Pro-Standard account holders and start at 0 pips for ECN and Prime account holders. People who have an R Trader account have spread starting at £0.01.
Withdrawal fees are deducted based on the payment method and account type.
Pro-Standard Account
This account has a leverage of up to 1:1000 and no withdrawal commission.
The Prime Account
The variable spreads start at 0.0 pips and have leverage of 1:100. In this account, the charge is £15 per £1 million of trading volume
.
ECN-Pro Account
The variable spreads in this account start at 0.0 pip. This withdrawal fee is £20 per £1 million in trading volume. The leverage, in this case, is 1:300.
R Trader Account
This account offers variable spreads starting at 0.01 pips and leverages up to 1:200.
Pro-Cent Account
The variable spreads start at 1.3 pips, with leverage of 1:1000. It has no withdrawal costs.
Pros and cons of using RoboForex Withdrawal methods
Roboforex Guide – Read our In-Depth Roboforex Review
Roboforex Rating: 7.85 / 10
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58.42% of retail investor accounts lose money when trading CFDs with this provider.