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How Can I Withdraw My Funds?

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Depends on the brokers withdrawal methods

As with depositing funds, this all depends on your binary options broker.

Typically a withdrawal will processed back to the original fund source from which a deposit was made, but other sources may be requested. For instance if you used your Skrill account then you will be able to withdraw your winnings back to that, for a credit/debit card the funds would be transferred back appropriately.

For security reasons and to comply with regulations many brokers will ask for some proof of identity before your first withdrawal can be made. Be grateful for this as this protects you from potentially losing your funds from outside abuse.

Examples forms of identity can include:

  • Photo ID: Passport or driving license can typically be used.
  • Proof of address: A recent utility bill in most cases is acceptable
  • Copy of your card: If using credit / debit card to make a deposit the broker may ask for a photocopy of your card details

Make sure you check if there are any withdrawal fees applicable when transferring your money out. Some brokers charge a fee for processing and limit amounts on certain types of transfers.

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