FBS withdrawal tutorial: How to withdraw money from FBS

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Whether you have been trading on FBS for a short period or you are in for long-term trading, you most certainly would want to withdraw your profits at some point. To use any profit you make from your forex trading strategy, you must withdraw the money from your broker’s account into your local account. 

The process of withdrawing from your FBS trading account is quite straightforward. However, just like trading with any other brokerage firm, you must follow some simple steps. If you need some help withdrawing your profits from FBS, follow this guide, as it contains all you need to know about withdrawing money from FBS.

Step 1: Select your FBS trading account

Before you can withdraw money from your FBS trading account, you must, first of all, create an account with the broker. Once you have created your account and it has been through the right process of verification and trading, you will be able to withdraw your profit when you wish to. 

Make sure you use your live account to withdraw funds from your trading account because the money in the demo account can not be withdrawn. Once on your live account, you must select “finances” and the dashboard in the header. From there, you can access the withdrawal or deposit option. Select the withdrawal text button from there, and you can view the various payment methods.

Step 2: Select the favorable payment method

Once you select the withdraw text button on your screen, you will be shown different payment methods which you can use to withdraw money from your trading account. Make sure that the payment method you are selecting is the same one that you use when you want to deposit money into your FBS trading account. Selecting the same payment method you use when depositing to withdraw makes it easier to pull out funds from your trading account. Besides making it easier, it can also be faster. 

FBS offers their traders different payment methods to choose from. The broker charges the traders at different rates, depending on their select withdrawal method. 

Depending on the withdrawal method, you will be charged a fee when withdrawing from the broker. Also, the time it will take for your withdrawal to reflect depends on your chosen payment method. 

Step 3: Select the withdrawal amount

When you select the payment method you wish to make use of, you can go ahead and enter the amount you want to withdraw. FBS is so lenient that the withdrawal limit is from $1. Traders can, however, not have a little to a high amount. Confirm the payment when you have entered the amount you wish to withdraw. 

Step 4: Confirm the withdrawal

Confirming the payment method means that you have accepted the process. Depending on the payment method, your withdrawal time will vary. If you are making a withdrawal to your e-wallet, it will take 30 minutes before the money will reflect. Withdrawal through the e-wallet method is the fastest way for a trader to withdraw funds. Making withdrawals through direct bank transfer takes about two days. While making a withdrawal with your credit or debit card will take 3 to 4 days.

Traders cannot withdraw money on weekends. For the withdrawal process to take place, it must be within working days. If you make a withdrawal and the money is not showing in any of the channels you chose within 1-7 working days, make sure you contact customer service for help. Customer service can easily be obtained from the FBS website. 

Payment methods for withdrawals on FBS

When you are ready to make any withdrawal, you have to do so through withdrawal methods. Some payment methods that are available on the broker include:

• Skrill
• Direct Bank Transfer
• Visa Card (Credit/Debit)
• Neteller
• Perfect Money
• Sticpay
• Bitcoin, USDT, Bitcoin Cash, and some more cryptocurrencies (not for CySEC regulation)

Skrill

Skrill is an e-wallet provider that allows traders to make withdrawal easy from FBS. The method is under the regulation of FCA in the UK. The name Skrill is a brand name for Skrill limited company that is based in the UK. The company was founded in 2001 and had its main office in London.

The withdrawal process with this payment method on FBS takes about 20-30 minutes. Although in some cases, the process may be up to 2 days. Payments made through Skrill are subject to a 1% commission plus a $0.32 fee from FBS.

Bank transfer (wire transfer)

This process is best for those who do not have an e-wallet or a card that they can use. Selecting this method will mean that when you withdraw, the fund will go directly into your bank account. This method is not so popular amongst brokers because of how stressful it is; however, FBS offers this method to their traders.

FBS will finish processing the wire transfer in 2 days, but it may take longer. The global banking system is decentralized and heterogeneous, and that’s the bottom line. However, one plus side to using the wire transfer method is that it is very safe to unlock other methods.

Card methods (credit cards, debit cards)

Visa is one of the cards that are available on FBS. The visa card can either be a credit card or a debit card. The head office is in London, and the FCA correctly regulates it in the UK. Traders are sure that using this method is safe because the Visa card is a secure withdrawal process.

FBS accepts EUR and USD when using the Visa payment method. Traders are charged $1 when they make withdrawals with this method. 

Neteller

Neteller is an electronic money transfer service that sends and receives money between traders, such as social networks and forex trading firms. With the Net+ card, you can withdraw money directly or transfer the remaining balance to your bank account. Like Skrill, it’s interesting to be part of the Paysafe group.

Neteller is an electronic money transfer service that sends and receives money between traders, such as social networks and forex trading firms. With the Net+ card, you can withdraw money directly or transfer the remaining balance to your bank account. Like Skrill, it’s interesting to be part of the Paysafe group.

Traders can do this if they need a withdrawal quickly, but they must be willing to pay an additional fee. The commission is 1% plus $0.3 for each sale.

Overview of the withdrawal of FBS – facts

The withdrawal process on FBS is simple. Traders can withdraw money from their trading accounts without any stress. The withdrawal time, as seen, depends on the payment method you choose. Also, the money you will be charged depends on the payment method.

Once you’ve confirmed your withdrawal, go to your withdrawal history to check the status. If it is still processing, you will see pending; however, if it is confirmed, you will see success. Also, a transaction slip will be sent to your email so that you can have withdrawal proof on your side.

Duration of the withdrawal

The time varies as seen. It all depends on the withdrawal method you choose. Some withdrawals are made in a short-time period like 1 – 5 hours. Some methods require 1 – 5 working days.

Fees 

Again, the fees you will be charged depend on the different withdrawal payment methods. Traders should, however, note that some methods they use will influence a fee charge while others may not. Also, another fee that can be attracted is when you want to withdraw with a different currency. The standard currencies for FBS are Euros and dollars, but when you withdraw in another currency, there will be an extra fee charge because the broker is converting your funds for you.

What are the common problems with FBS withdrawal?

FBS is one of the most trustworthy brokers that exist. The broker is under the proper regulation of different international regulators. The withdrawal process is smooth for the broker, but it is possible to encounter problems. 

Not using the same payment method

Brokers that want to withdraw their funds from the broker can only do so with the same payment method you used to deposit. This is part of the terms and conditions for withdrawals. Submitting a withdrawal request with a different payment method may result in request failure. Using the same payment method allows the trader to make easy withdrawals. 

Delays

At times, because of the number of withdrawals on the broker’s platform, it may take more than the stipulated time for your withdrawal request to be responded to. In cases where traders experience this delay, they should contact customer service for help. It is also possible for the trader to contact their payment center for assistance.

Conclusion: On FBS you can withdraw money quickly!

The FBS withdrawal process is a DIY process, and if it proves confusing, the website has a good FAQ section to help walk the traders through it. FBS’s minimum withdrawal is $1, which is good, unlike many other broker platforms that may start from $100-$2000 for minimum withdrawal. 

Frequently Asked Questions about the FBS withdrawal: