You have practiced enough at your demo account and switched to the real one? It is time to learn about Binomo Withdrawal procedures ✓ how is it done, what is Binomo withdrawal limit and how long does forex withdrawal take?
General rules for withdrawing funds
Let’s start with a brief description of Binomo withdrawal rules and policies.
What is minimum withdrawal amount and how long does it take for the funds to de withdrawn? Continue reading to find the answers.
When it comes to choosing a legit broker one of the most important issues to take into consideration are the withdrawal policies. No one wants to go through complicated process when it comes to withdrawing your funds. Binomo withdrawal procedure is hustle-free and user friendly. A bank card or a crypto or e-wallet can be used for withdrawal.
Withdrawing funds
To withdraw funds to the card or cryptocurrency or e-walet you’ll need to follow these steps (you can make it from the App if you have downloaded it before or directly from your account on the website):
- Go to the withdrawal in the “Cashier” section. Then click the “Withdraw funds” tab.
- Enter the payout amount and choose “Bank transfer” as your withdrawal method. Fill in the rest of the fields. Click “Request withdrawal”. Please note that Binomo minimum withdrawal in India is Rs.350 or $5.
- Your request is confirmed! You can continue trading while we process your withdrawal.
- You can always track the status of your withdrawal in the “Cashier” section, “Transaction history” tab (“Balance” section for the mobile app users).
Withdrawal fees
Binomo generally do not charge any commissions or fees for withdrawals. However, there is a limit on the number of withdrawals without a fee for India. Thus you can withdraw funds once every 24 hours without a commission. If you exceed that limit, the fee will be of 10%. But if you withdraw funds after trading binary options, then the whole fee of the payment system will be compensated to you by the broker of Binomo.
Withdrawal processing time
What is the withdrawal processing time?
When you withdraw funds, your request goes through 3 stages:
Your withdrawal request is approved and passed on to the payment provider.
The payment provider processes your withdrawal.
You receive your funds.
It usually takes payment providers from 1 to 3 business days to credit funds to your bank account, even though sometimes it happen in a couple of hours. In rare cases, this period may be extended up to 7 business days due to national holidays, your bank’s policy, etc.
Payment systems
The first thing to remember at the very beginning when choosing your deposit methods is that you will have to use the same previous payment methods that you used to deposit to withdraw funds from Binomo. Binomo supports Visa, MasterCard, Jeton, and Neteller.
May your withdrawals be care-free and massive, good luck in trading on Binomo!