You have decided to jump into the trading business. You tried a variety of strategies on your demo Olymp Trade account. You were finally confident enough to start trading real money so you switch to the real account and little by little work your profit out. Now you surely want to use your earned money. And this is where this guide comes in handy. After you finish it you will know how to request money withdrawal and what to do when any obstacle will pop up on the way.
Key Takeaways🔑
| →Proper account setup and verification are crucial for a smooth withdrawal process. |
| →Withdrawals typically take 24 hours, but can take up to 5 working days in some cases. |
| →Contact Olymp Trade support for any issues or questions regarding the withdrawal process. |
Contents
Remember to fill in your true personal details
The withdrawal process starts, in fact, at the very beginning, at filling in the registration form. This is very important that you register with your valid data. It will make the withdrawal nice and fast.
Your account may need to be verified, which will, unfortunately, take some extra time. This is only to ensure your account is safe from any fraudulent activities. Again, the verification will be possible when all your details are true. Otherwise, it becomes too complicated and time-consuming.
A few steps to have your money withdrawn
1. Find the withdrawal section on your Olymp Trade interface.
2. Choose the method that you want to have your money. It is possible in different ways, the same ways in which you deposited the money to the Olymp Trade account. This means that the money can be withdrawn to the bank card or the electronic wallet. Whichever suits your needs best.
3. Make a request. Fill in your card or wallet details, then the amount of money you want to cash out. Olymp Trade allows the minimum payout of $10 or €10, according to the currency of your account. Finally, click the button “Send a request”.
How fast it will be?
The time you will wait for your money depends on many factors, e.g. the need for verification or the accuracy of the data. But usually, it will happen for 24 hours. In the worst scenario, you will need to wait up to 5 working days.
Pros and Cons of Olymp Trade Withdrawals👍👎
- Pros:
- 📈 Multiple withdrawal methods available, including bank cards and electronic wallets.
- ⏱️ Fast processing times, typically within 24 hours.
- 🔒 Secure platform and verification process to protect your account from fraud.
- 📞 Responsive customer support available via phone, email, and live chat.
- Cons:
- 🏦 Potential delays from bank processing times, up to 5 working days.
- 📋 Account verification may be time-consuming if personal details are not accurate.
- 💳 Withdrawal method must match the deposit method, which may be inconvenient for some users.
Olymp Trade Withdrawal Process vs. Other Trading Platforms✅❌
| Olymp Trade | Other Trading Platforms |
|---|---|
| Typically processes withdrawals within 24 hours. | Withdrawal processing times may vary between platforms, sometimes taking longer than 24 hours. |
| Supports multiple withdrawal methods, including bank cards and electronic wallets. | Other platforms may have limited withdrawal options, making it less convenient for users. |
| Responsive customer support via phone, email, and live chat. | Customer support responsiveness and availability may vary on other platforms, potentially affecting the withdrawal experience. |
Obstacles you can meet on the way
Sometimes not everything goes as we wished. Even when we did everything we should, it can happen that the money will still not be available on your card or wallet. What to do then?
If you see the status of your payout request as “Withdrawal processed successfully” but you still do not have your money, the problem lies on your bank side. The best is to wait 2-3 working days as it could be just the time your bank needs to process the request. You should, however, contact your bank if you still did not receive the money after this time. There are many possible reasons like a payment rejection or the maximum payout amount exceedance.
If you deposited with a card that is no longer valid, it would be possible to change the way you want your money to be paid. To do that, you should contact the Olymp Trade technical support team.
If you are in doubt, if you experience any other problems with your money withdrawal, do not hesitate to contact the Olymp Trade support. You can do it via telephone 24/7 or an e-mail.
+27 (21) 1003880 Cape Town, South Africa
+54 (11) 59175747 Buenos Aires, Argentina
E-mail: support-en@olymptrade.com
You can expect the answer within one working day.
Another method is to talk with the consultant online through the chat or use a contact form on the Olymp Trade website.
Their support team works fast and efficiently so you will surely get the answer.
Wish you luck!
Frequently Asked Questions About Olymp Trade Withdrawals❓
- Q: What is the minimum withdrawal amount on Olymp Trade?
- A: The minimum withdrawal amount is $10 or €10, depending on the currency of your account.
- Q: How long does it take for Olymp Trade to process a withdrawal?
- A: Withdrawals are typically processed within 24 hours but can take up to 5 working days in some cases.
- Q: What if I encounter issues with my withdrawal?
- A: Contact Olymp Trade’s support team via phone, email, or live chat for assistance with any withdrawal issues.
- Q: Can I change my withdrawal method on Olymp Trade?
- A: Generally, the withdrawal method must match the deposit method. However, if the original deposit method is no longer valid, contact the Olymp Trade support team for assistance.
- Q: How can I ensure a smooth withdrawal process on Olymp Trade?
- A: Provide accurate personal information during registration, complete account verification, and follow the steps outlined in this guide to ensure a smooth withdrawal experience.