Deposit And Withdraw With Binary Options Brokers
Most of the Binary Options brokers have provided their clients with many easy ways to deposit and withdraw funds, so you can manage your transactions in a variety of ways.
Deposits with Binary Options Brokers
Credit and debit cards are still the most popular means to deposit money, however they are not the only one. Bank Wires are usually always offered as a deposit method. MoneyBookers, CashU, Liberty Reserve and other online payment systems are also frequently used, unfortunately almost no broker offers PayPal. Normally, the same methods are also available for withdrawing your gains.
Withdrawals with Binary Options Brokers
It is possible to withdraw the initial sums in your account via the same methods available for deposits; but profits are usually withdrawn via wire transfers. To perform a withdrawal you must follow the steps set by your broker. Although they could be slightly more complicated than those for depositing, they can’t be skipped. Usually customers are required to fill in forms because of the laws regarding anti-money laundering. It’s something that is asked of the companies, so you shouldn’t feel frustrated when the binary options broker wants you to provide identifications. This is made for your protection.
The following documents are usually required by all binary options brokers in order to execute a withdrawal:
• Official ID (with picture);
• Proof of Address – which can be a recent utility bill, bank statement, credit card statement, etc.;
• For credit card holders: a front and back copies showing only the last 4 digits;
A common issue related to the amounts which can be withdrawn is the question what is the maximum money you can withdraw from your account. Some brokers allow a withdrawal of over $10,000 and in such cases you should use a credit card. Other brokers limit the maximum transfer to lower amounts, which should be mentioned on the Terms & Conditions page on their website. Also see on the broker’s website if there is a minimum withdrawal amount requirement and if they charge any fees for withdrawals. All of this information should be available on the broker’s website, or if it’s not you can contact their customer support to check.