BDSwiss Withdrawal – How do I Withdraw Money from BDSwiss?
BDSwiss is a popular and respected online broker that offers forex & CFD trading on its platform.
They are also fully regulated which means that BDSwiss is secure to use. Regulation means that they must follow strict rules put in place by the licensing authorities to protect traders.
For example, brokers must let their clients withdraw their funds whenever they want. So you can withdraw your money anytime you like from BDSwiss.
But how much is the BDSwiss Withdrawal and how does the process work?
Keep reading to find out in everything you need to know about the BDSwiss Withdrawal.
How Much is the BDSwiss Withdrawal?
It’s completely free to make withdrawals at BDSwiss.
This is great news if you’re looking to save on extra broker fees that can sometimes be applied for deposits & withdrawals.
However there are a few exceptions where a fee is charged:
- if the customer wants to withdraw via bank/wire transfer and the amount is less than £100, €100, $100
- for all other payment methods e.g. credit card, if the withdrawn amount is less than £20, €20, $20
In both these cases a $10 fee (or the equivalent amount in another currency) will be charged.
However to beat this charge it’s important to try to meet the minimum withdrawal amounts.
So if you want to withdraw, it’s better if you withdraw larger amounts that are more than $20 when using a credit card or e-wallet.
Or if using a bank/wire transfer as the method, make sure that you request to withdraw more than $100.
By doing this you can keep your BDSwiss withdrawals free.
We should also point out that there are no maximum withdrawal amounts, so you can withdraw as much money as you want.
BDSwiss Withdrawal Payment Methods
The broker has a large range of payment methods available for both deposits and withdrawals.
This includes the following:
- credit/debit card – Visa or MasterCard
- e-wallets – Skrill & Neteller
- bank/wire transfer
- local banking methods
The broker recommends that you use the same payment method for both the deposit and withdrawal. This is due to verification and security reasons.
For instance, if you fund your account using an e-wallet such as Skrill, you must withdraw any funds back to the same Skrill account.
It’s important that the payment method is in your name.
BDSwiss won’t process any withdrawal requests if the payment type doesn’t match the name registered to the trading account.
How to Withdraw from BDSwiss?
You can request a withdrawal easily and whenever you want.
To get started you just need to log in with your credentials to your BDSwiss ‘Client Portal’. From here you can select the trading account that you want to request a withdrawal from.
After selecting the account, click on the ‘withdrawal option‘ tab and complete the following instructions that are shown on the screen.
As part of the steps, you must choose which payment method you’d like to use, and decide the amount of funds that you’d like to withdraw.
Once the steps are complete, the BDSwiss support team will check and process the request. To provide an efficient service, the team aims to process all withdrawal requests within 24 hours during working days.
It’s important that you’ve checked that your trading account has been fully verified before requesting the withdrawal- otherwise the request won’t be processed.
This is due to regulation rules the broker must follow to protect accounts against money laundering.
So if your account has not been verified, you must complete this as soon as possible.
You just need to provide the required identity documents to the support team: 1 proof of address & 1 proof of identity.
Most traders complete the account verification when they open an account. That way they can request withdrawals without issues later on.
How Long Does the Withdrawal Take?
BDSwiss aims to process all withdrawal requests within 24 hours during the working week.
However, the time it takes for the money to be transferred to your personal finance account depends on the payment type used.
Generally it takes from 2 to 8 business days for the money to be showing, but e-wallets are faster than credit cards and bank/wire transfers.
For instance, if you’ve used an e-wallet such as Neteller or Skrill the money should be showing pretty much instantly in your personal account.
To keep all transactions and personal info secure online, the broker uses SSL ‘secure sockets layer‘ technology.
This helps to guarantee the privacy and safety of all transactions made from the BDSwiss client portal.
Is BDSwiss Safe?
BDSwiss is a fully legit and regulated broker. They hold regulation licences from both CySEC (licence no.199/13 and the FSC (licence no.C116016172).
Regulation means that forex brokers are regularly audited and that they must follow rules put in place by the regulation authorities.
These rules are designed to keep trading safe and secure for you.
That’s why you must avoid unregulated forex brokers as they’re usually dangerous and fraudulent.
We are happy to confirm though that BDSwiss is safe, regulated and NOT a scam. They are a respected broker with over 1 million active traders as clients.
Additionally, their platform has also won many awards which goes to show that they are a recognised broker company.
Plus by being regulated, you can be reassured that you’ll be able to make withdrawals anytime you need. You can read here our full review of BDSwiss.
Author of this article and founder of Tradingonlineguide.com
My aim is to help you increase your trading knowledge with helpful content. I come from an economic background and have a strong passion for forex trading. With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their investment skills.
In my spare time I enjoy cooking and travelling.
Here you can learn more about our review methodology.