Vantage Markets Withdrawal Guide
Multiple options to choose from when withdrawing funds from Vantage Markets。What they are and how to do it?
Multiple options to choose from when withdrawing funds from Vantage Markets。What they are and how to do it?
At first glance, withdrawals don't sound that complicated。However, depending on the broker and your payment method, the process may take some time。Each broker has different rules, so it is important to know about deposits and withdrawals before registering。
In this article, we will discuss how to withdraw funds from Vantage Markets, a well-known broker based in Australia。Let's get straight to the point。
Withdrawal rules for Vantage Markets
Vantage Markets is a fully regulated broker since its inception in 2009.。In this broker, the customer can withdraw money at any time after completing the transaction and having a sufficient balance in the trading account, and the customer can withdraw money to the account using the preferred payment method。
However, every user must understand the rules。Brokers may defer or cancel withdrawal requests if something goes wrong with an account, so it's important to understand the following terms and conditions before withdrawing money from Vantage Markets:
- Your account needs to have a sufficient balance to initiate a withdrawal, please note the minimum and maximum withdrawal limits based on your payment method。
According to AML / CTF law, Vantage is not allowed to make withdrawals to third parties and all withdrawals must be deposited into a bank account with the same name as your Vantage real account name。
Withdrawals are only processed between 9: 00 a.m. and 7: 00 p.m. on weekdays (Monday to Friday)。
All withdrawal requests are processed according to the source of funds, you need to use the same withdrawal method as the deposit。
The withdrawal amount cannot exceed the amount you originally deposited。
Vantage is not liable for any loss resulting from providing incorrect instructions or bank account details。
Customers must be aware that the withdrawal process requires certain information about the source of the deposit and the status of the customer's property。If the client does not provide all the necessary information, the broker may refuse to process the withdrawal request。
Vantage can cancel your withdrawal request if your account is subject to a refund investigation。
Available withdrawal methods
Your choice of withdrawal method may affect many aspects, including withdrawal fees, processing time and minimum deposit requirements。Here are the withdrawal methods offered by Vantage Markets:
Bank transfer
Unlike other brokers, Vantage accepts withdrawals from multiple banks, allowing traders from different regions and countries to use local methods for withdrawals.。There will be no charge if you use a local bank。But if you use an overseas bank, depending on the bank, you will be charged a certain fee。
If you withdraw money by bank transfer, the withdrawal process may take 3 to 5 days。At the same time, the minimum amount you can withdraw varies depending on the bank you use。
International banks do not have minimum withdrawal requirements。However, Bank Indonesia may ask for a minimum withdrawal of $3,500, while local banks in Malaysia will ask for a minimum withdrawal of $2,500.。
The banks supported by Vantage Markets are:
- international bank
Local Bank of Thailand
Local Banks in Malaysia
Local Bank of Vietnam
Local Banks in Indonesia
Local Banks in the Philippines
Local Banks in Nigeria
Local Bank of India
Local Banks in Laos
Debit / Credit Card
Vantage Markets accepts debit and credit cards, but card types vary depending on the country you live in。There is no minimum deposit requirement when using a debit / credit card。
At the same time, the maximum amount depends on the amount you deposit with the card。As with bank transfers, this method of withdrawal takes 3 to 5 working days to process。
electronic wallet
An e-wallet is an internet-based wallet that can store and transfer funds digitally。Vantage Markets offers a variety of e-wallet options for you to choose from, such as:
- Astropay
- Fasapay
- UnionPay
- Skrill
- Neteller
- Sticpay
- Perfect Money
The withdrawal process using an e-wallet in Vantage can be processed almost immediately. Better yet, this method has no minimum withdrawal amount limit。
Cryptocurrency
In Vantage Markets, there are two options for extracting cryptocurrency:
- Bitcoin Wallet: You can send funds directly to your Bitcoin wallet。
Exchange Wallet: You can withdraw USD funds to your wallet in the form of Bitcoin。
Both withdrawal options using cryptocurrencies are processed almost immediately。The best part is that this method does not have a minimum withdrawal amount。
Vantage Markets Withdrawal Steps
To withdraw funds from your Vantage account, you need to follow these steps。
1.Go to the official Vantage Markets website and log into your account。
2.Select "Withdrawal" from the menu。
3.Choose your preferred withdrawal method and enter details。Then, enter the amount you want to withdraw, make sure it is greater than the minimum requirement and less than the maximum limit。
4.Complete your withdrawal order。After the withdrawal is complete, you can see the "successful" status of your account。
Vantage Markets Withdrawal Fee
All withdrawals from Vantage Markets are generally free, with the following exceptions:
- A $20 fee will be charged for withdrawals by international wire transfer。
A 2% fee will be charged for withdrawals through Neteller, with a fixed amount of $30 per transaction。
Withdrawals through Skrill will be charged 1% of the withdrawal amount。
Conclusion
In general, it is very simple to withdraw funds from Vantage Markets, and the various payment options also bring huge benefits to traders from all over the world。You can withdraw money directly to your local bank, credit card or e-wallet。Some withdrawals can be processed immediately, while others take several business days。
To better understand Vantage withdrawals, check out the comparison table below。
方法 | Time | Minimum amount |
bank wire transfer | 3-5 working days | Depends on your country |
Debit / Credit Card | 3-5 working days | Depends on the amount you deposit |
electronic wallet | Instant | None |
Cryptocurrency | Instant | None |
Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.