How to Withdraw Money from Olymp Trade Account

How to Withdraw Money from Olymp Trade Account
The Olymp Trade platform strives to meet the highest quality standards of carrying out financial transactions. What is more, we keep them simple and transparent.

The funds withdrawal rate has increased tenfold since the company was founded. Today, more than 90% of requests are processed during one trading day.

However, traders often have questions about the funds withdrawal process: which payment systems are available in their region or how they can speed up the withdrawal.

For this article, we collected the most frequently asked questions.


Withdraw Funds From Olymp Trade

How to Withdraw Money from Olymp Trade Account
To begin with, to make a withdrawal on Olymp Trade broker you will need to open the menu which is located at the top left corner of the trading platform. After that, click on the ‘Withdraw’ button.
How to Withdraw Money from Olymp Trade Account
You will be redirected to the ‘Request for a withdrawal’ page. Here you will need to enter the amount you want to withdraw and press on the ‘Send a request’ button.
 


Olymp Trade minimum withdrawal amount

How to Withdraw Money from Olymp Trade Account
Minimum withdrawal amount on Olymp Trade is €10 / $10


Olymp Trade maximum withdrawal amount

How to Withdraw Money from Olymp Trade Account
The great thing is that there is no limitation on maximum withdrawal amount on this trading platform. In other words, you may withdraw as much as you want.


What Payment Methods Can I Use?

How to Withdraw Money from Olymp Trade Account
There is a unique list of payment and withdrawal methods available for every country. They can be grouped into:
  1. Bank cards.
  2. Digital wallets (Neteller, Skrill, etc.).
  3. Payment invoice generation in banks or special kiosks.
  4. Local banks (bank transfers).
  5. Cryptocurrencies.
For example, you can deposit and withdraw your funds from Olymp Trade in India using Visa/Mastercard bank cards or by creating a virtual card in the AstroPay system, as well as using e-wallets like Neteller, Skrill, WebMoney, FasaPay, GlobePay. Bitcoin transactions are also good to go.


Olymp Trade withdrawal request. How long wait?

How to Withdraw Money from Olymp Trade Account
A withdrawal request will be processed within 24 hours. Unfortunately, in 10% of the situations it may take up to 5 working days. But most often it takes just one working day to send you your profit.


Is there any withdrawal commission?

How to Withdraw Money from Olymp Trade Account
There is 0% of commision on olymp trade withdrawal requests. You will get every single cent of your income.

However, note that some payment systems do charge their customers for depositing or withdrawing money. We recommend checking with your financial services provider in advance.


Where will I receive my money?

Your funds will be withdrawn to the same bank card or electronic wallet which you used to make a deposit. If your bank became inactive / blocked or the same happened with your electronic wallet, you will need to contact the 24/7 support and they will help you with the replacement of the card or electronic wallet.

I didn’t received my money during 5 days

This happens when you exceed the maximum Deposit / Withdrawal amount of your bank. If this situation occurs, Olymp Trade will send your withdrawal to electronic wallet. Unfortunately every payment system has such limitations on Deposit and Withdrawal, so you will also need to contact technical support of your electronic wallet.


Add new bank card

If you, for some reason lost access to your bank card, you will need to contact Olymp Trade’s technical support and explain them your situation. Most importantly, don’t try to make a withdrawal on a card you don’t have access from. Financial specialist will help you to change method of fund withdrawal. If you have made a request for a withdrawal on a card you don’t have access from, inform about that financial specialist as well.
 

Can I withdraw bonuses

How to Withdraw Money from Olymp Trade Account
Unfortunately you won’t be able to withdraw bonuses. However you will be able to use them to make more profit and after, withdraw that profit.


Bank declined my payment

Banks are not providing the information about declined payments to Olymp Trade. However, E-mail with detailed instructions will be sent to your inbox, so don’t worry.


Does Olymp Trade needs any documents?

Above all, you only need to send your documents if broker will ask you to do so. You don’t need to send them in advance. This process is necessary to keep your funds in safe in the future. If Olymp Trade will need verification of your identity, they will send you an E-mail with instructions of what to do.


Why do I need to send an electronic wallet?

Sometimes Olymp trade withdrawal to a bank card exceeds the amount of the deposit. In this case bank does not provide us with reasons of cancelling the request for a withdrawal. In this situation Olymp Trade will contact you by E-mail or call you on your Telephone number to give detailed instructions.


Can I Withdraw My Profit Made with Risk-free?

Risk-free trades is a special service for the company’s Expert traders. They protect the Fixed Time trade amount from loss. Having activated a risk-free trade, a trader uses its amount to open a trade and makes a forecast.

If the trader’s forecast is wrong, they receive the money back. If the forecast is correct, the profit can be withdrawn right after receiving.

By the way, risk-free trades are not the only privilege of having an Expert account on Olymp Trade. You can read about all benefits here.


Is There a Way to Quicken the Funds Withdrawal?

There are only three ways to withdraw funds from Olymp Trade faster:
  • Firstly, you can become a Expert trader. Their requests for funds withdrawal are given top priority.
  • Secondly, use the recommended payment methods like Skrill to withdraw your funds.
  • Thirdly, each trader should pass verification in their user account or through a special mobile app.
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