- Hello,
- Thank you for your inquiry regarding the withdrawal process at QuickTrade. We understand the importance of providing you with a clear and comprehensive overview of how withdrawals work. Please find below a step-by-step guide to help you understand the withdrawal procedure, including timeframes, fees, and important details.
- 1. **Payment Details Approval**:
- Before initiating a withdrawal, it's crucial that your payment details are approved. This verification process typically takes up to 8 hours. Please ensure your payment information is accurate and up to date.
- 2. **Withdrawal Processing**:
- Once your payment details are approved, your withdrawal request will be processed within 3 hours. We strive to ensure a swift processing of your request.
- 3. **Bank Processing Time**:
- After the withdrawal is processed, a forex swift transaction application will be sent to the bank for further processing. It's important to note that the time it takes for the bank to transfer the funds to your account may vary. Typically, the standard payment time for international transfers ranges from 3 to 5 business days. This is subject to the standard turnaround time of the banks involved.
- 4. **Withdrawal Cut-off Time**:
- Please be aware that the cut-off time for withdrawal requests is 3 pm on Mondays to Fridays. Any withdrawals submitted after this time will only be processed on the following business day.
- 5. **Transaction Fees**:
- QuickTrade does not charge transaction fees on the withdrawal of trading proceeds. However, there is a handling fee applied when no trading activity has taken place. For example, if you withdraw $100 from your QuickTrade account after making a trade, there will be no transaction fee. But if you withdraw $100 from your QuickTrade account without engaging in any trades, a handling fee of $10 will be levied.
- 6. **Introducing Broker (IB) Accounts**:
- If you are an Introducing Broker and you are withdrawing from your IB account, please note that there will be a $10 withdrawal charge for the transaction.
- 7. **Crypto Withdrawals**:
- QuickTrade does not charge withdrawal fees on crypto withdrawals. However, it's important to be aware that NACE crypto charges a 10% network fee on the withdrawal amount when processing it. This fee is specific to NACE crypto and not imposed by QuickTrade.
- We hope this information helps you better understand the withdrawal process at QuickTrade. If you have any further questions or require assistance with your specific situation, please don't hesitate to reach out to our customer support team. We are here to assist you with a seamless and transparent experience.
WITHDRAWALS
