best way to withdraw

[Gertje]

Now we have some long term profitable EA's on our hands, I'm searching for the best way to withdraw funds from a broker.

There are numerous ways, but most cost a fortune.

What withdraw method are people using here?
- bank transfer
- creditcard refund
- Neteller
- Skrill
- ??

I know letting the funds sit in the account and let the compounding interest do its thing is the most profitable, but the money needs to come home sooner or later anyway.

[billv]

Hello Gertrje

The method would depend on the broker because generally the brokers want to deposit funds into the place of origin of your initial deposit.

So if you had funded your trading account using a visa card, the broker will deposit funds UP to the total amount of your deposits into your visa card and if your withdrawal is within a few months from your latest deposit you will also get a refund of any bank fees you have paid.

Outside this time window and above your trading account deposit,
they will let you withdrawal funds into your nominated and verified bank account.

For withdrawals into my bank account I don't incur fees because the brokers I use now are local, and bank transfers are free

[Jemook]

Yup Bill is on point. A lot of brokers charge for withdrawals - Global Prime doesn't charge for any withdrawal methods. Keep in mind that sometimes with bank withdrawals an intermediary bank is used that can take a fee - this is just how the banking system works and is out of the brokers control.

Cheers
Jeremy

[psshenton]

Has anyone tried Revolut?