Exness Withdrawal: How to withdraw money | Tutorial

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Withdrawals are usually tough with some online brokers. Thankfully, such is not the case with Exness. The broker aims to make the process seamless and stressless for traders. This guide shares the simple steps to withdrawing funds from your Exness account. 

A step-by-step guide to withdrawing money on Exness

Step #1. Select your account

If you are ready to withdraw, it means you have been trading on the account. Your profits must have reached a considerable level by now. Hopefully, you have also completed the account verification process. 

Step #2. Select payment method

Clicking on the withdrawal tab will display all the payment options. These include online banking, credit/debit card, Skrill, and others. It is better to stick to the same method you used for depositing funds. This prevents any misunderstanding and speeds up the process.

Exness does not charge any withdrawal fees or commissions for withdrawals. However, the payment system may deduct some charges. The conversion rate is another thing to watch out for. If your currency is different from the account currency, the broker will do a conversion and credit your receiving account. The amount you receive will depend on the actual exchange rate at the time the funds reach your account. 

Step #3. Select withdrawal amount

Fill out the request form for the payment method you selected. Enter the amount you wish to move from the trading account. The minimum withdrawal allowed on Exness is $1, depending on the payment system used. For example, using Webmoney, you can withdraw as low as $1. But if you use Neteller or Skrill, the minimum withdrawal is $10. Withdrawals exceeding the amount you deposited might be problematic. 

Step #4. Confirm the withdrawal

Review the details you entered in the request form to ensure they are correct. Then click confirm to proceed. The broker immediately processes the withdrawal and forwards it to the payment system. It is the PSP that then credits the receiving account. 

The time length for the process varies according to the payment method used. But funds typically settle within two to five days. Withdrawal services are also available on weekends. Although you can initiate the request on the weekend, the funds may not reach your account till a weekday. The reason is most banks and payment services are closed on weekends.

Payment methods for withdrawals on Exness

The payment methods are the intermediaries through which you move funds from the trading account to your personal one. The more options a broker provides, the better. More methods mean you can switch if one charges high fees or does not work in your country. Exness offers several popular payment methods, making the withdrawal process convenient and fast.

Exness payment methods include:

• Online banking
• Credit Cards
• Debit Cards
• Wire transfer
• Electronic wallets (such as Neteller or Skrill)

Overview of the withdrawal on Exness – Facts

Payment system	Minimum amount USD	Wait period
Online banking	$3 – $10 ( depending on region)	24 hours – 7 days
SticPay	$1	1 hour – 5 hours
Webmoney	$1	1 hour – 8 hours
Skrill	$10	24 hours – 2 days
Perfect Money	$2	24 hours – 3 days
Neteller	$4	24 hours – 5 days
Mybux (MB)	$2	24 hours

Withdrawal from an Exness trading account is generally easy. It is also relatively fast. The broker prevents the problem of unavailability of payment service by providing several options. This makes the process stress-free and simple. 

Maximum withdrawal on Exness

We have explained the minimum you can withdraw according to the payment method. The maximum withdrawal amount also depends on the payment system. Also, the amount deposited for trading determines the maximum you will be allowed to withdraw. Exness may prevent withdrawal if you try to move out more funds you deposited. But there is a way to bypass this problem if you wish to withdraw capital and profit. 

First, request a refund by clicking on the show my refunds option in your personal area. Select the payment method through which you deposited money in the brokerage account. Type the account details and confirm. Note that the broker can only refund your capital to THE SAME account you used for depositing money. Another method will not be processed. Refunds can take between 24 hours to 10 days. But after sending the request, you can then withdraw the other part of the funds, which is the profit.

Once you enter the details and confirm the withdrawal, all you need to do is wait for the specified period. The money should get credited to your account on or before that time. Contact support immediately if time passes and you don’t receive the funds. The broker may send withdrawal proof to your email once the transaction has been completed.

Remember that withdrawals can be withheld for several reasons. One of the main reasons is verification. The broker may not pay you if they can not verify your identity. That is why it is best to complete this process before you start trading.

Duration of the withdrawal on Exness

The payment method used for withdrawal will determine the withdrawal time/duration. The table above shows that the waiting period ranges between a few hours and seven days. Waiting for the funds to reach your account can be frustrating. That is why the fastest options are a common choice. However, before choosing the fastest method, check that the system works in your country. Ensure that the e-wallet or payment service allows easy transfer to your bank. Or at least easy use of the funds in the region.

Withdrawal fees on Exness

Fortunately, Exness does not charge withdrawal fees or commissions. Deposits and withdrawals are $0 on the broker’s platform. However, if you choose an e-wallet, you should check with the service about their fees. If you are withdrawing straight into your bank account through online banking, it is unlikely that the bank will charge. But this depends on the country. You should find out about the fees before using the service. Any fees you experience during withdrawal are attributable to the payment system.

What are common problems with Exness withdrawal?

Insufficient funds to withdraw 

Withdrawals can be rejected due to inadequate funds in the trading account. This prompt can occur when you try to move money, even though you seem to have enough funds. In this case, check that you have exited all trading positions. Open orders may affect the free margin and prevent you from moving available funds. Also, ensure you have selected the right currency in which you want to receive the money. For instance, if your account currency is in US dollars and the receiving account is in Indian rupees, the currency you’re transferring should be rupees.

Additionally, a common withdrawal problem some people encounter is the inability to withdraw due to incomplete verification. As explained earlier, financial institutions can not pay out money to unidentified persons. The broker needs to document your ID and proof of address before you can use the trading account in full. Therefore, ensure your identity has been verified to prevent this problem.

Conclusion – Withdrawals on Exness are easy if you follow the right steps

Withdrawing from an Exness trading account is simple as long as you follow the right process. The steps in this tutorial will guide you. Ensure you choose a payment option available in your country and easy to use. Luckily, Exness provides various methods to choose from. You also have access to your funds 24-7 and can withdraw your profits, no matter how small ($1).

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