How to withdraw money on AvaTrade – Everything you need to know about withdrawal

AvaTrade Logo

In this guide, we want to talk about how to withdraw money on AvaTrade. Withdrawing money from an online broker is often not easy and there are complicated steps to do. We will show you exactly how to use the AvaTrade platform and its features to pay out your profits.

The official website of AvaTrade. There are specials here from time to time, like on International Women's Day or other celebrations.
The official website of AvaTrade. There are specials here from time to time, like on International Women’s Day or other celebrations.

(Risk warning: 71% of retail CFD accounts lose money)

How to withdraw from AvaTrade?

The withdrawal process at AvaTrade is simple and intuitive
The withdrawal process at AvaTrade is simple and intuitive
  1. Finding Withdraw Funds Tab- The first step in withdrawing funds in AvaTrade is to locate the ‘Withdraw Funds’ tab. After logging into your account through credentials and clicking the tab located just below the upload documents icon, you can do that.
  2. After the withdrawal window opens, the next step is to reach the transfer method. It will be shown in contrast with the pending withdrawal icon.
  3. The next step is to select the method of transfer, which is the same used as for the deposit.
  4. Now, you need to select the specific account and fill in the amount for withdrawal.
  5. Finally, clicking submit will end the process. However, the status will be pending; wherein the trader gets the opportunity to cancel the process within the next 24 hours. If canceled, AvaTrade would direct the funds back to the account. But for all of that to go smoothly, the trader must ensure a complete verification before that.
Follow the step by step instructions to withdraw your money
Follow the step by step instructions to withdraw your money

(Risk warning: 71% of retail CFD accounts lose money)

How AvaTrade’s withdrawal process differ from others?

AvaTrader aims to offer a different withdrawal experience to its customers. It mainly shows in the time taken to complete the process. We can see that other traders can easily take up to 8 business days to process the funds for withdrawal. But, AvaTrade offers a faster and safer process with document verification of the traders. 

All of that gets accomplished within a matter of 24-48 hours. Therefore, it can be ideal for a secure yet faster Forex trading withdrawal. Moreover, it follows strict guidelines as a regulated broker, so there is no scope for illegal trade or withdrawal. It is a feature not guaranteed by many brokers. 

AvaTrade withdrawal methods and facts

AvaTrade Rating
4.5
Maximum Withdrawal
100%
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MT5
Crypto Availability
Yes
Total Currency Pairs
60
Islamic Account
Yes
Withdrawal Activation Time
24-48 Hours

A speedy withdrawal process is what every trader seeks after making the first deposit into the account. Many brokers offer a relatively quick withdrawal process, but there may not be any that matches AvaTrade. It believes in letting you focus solely on the trading opportunities rather than the administrative tasks like withdrawals. 

The foremost step a trader must take is properly verifying the documents needed. In addition, it is essential to do that before withdrawing money from an AvaTrade account because the regulatory bodies also demand the same. A proper verification helps AvaTrade follow the Know Your Customer process, which is needed to curb any illegal activities while trading in Forex.

(Risk warning: 71% of retail CFD accounts lose money)

Withdrawal methods

When it comes to the available methods to withdraw the funds, traders can send it only via the payment methods. So the method that a trader uses to fund the account in the first place is the way to do it. It is a policy by AvaTrade due to the rise in money laundering incidents. However, a trader must be aware that it mandates withdrawing up to 100% of the deposits through your credit or debit card. After that, you can withdraw from another method you wish to choose. So let us now look at the methods that AvaTrade offers its customers.

Withdrawals through credit card or debit card

Using a credit or a debit card is perhaps one of the most common ways to withdraw funds. Depending on the service provider, a trader can expect an instant debit through it while withdrawing the profits. Moreover, AvaTrade operates an efficient customer support system to help you resolve any issue occurring in the withdrawal process.

Withdrawals through e-payments

With the increasing use of E-payment systems, AvaTrade is also not behind in offering the same. It offers withdrawal through Neteller, Skrill (Moneybookers), Webmoney, etc. The traders can expect the withdrawal to happen within 24 hours of the request as it is one of the quickest ways available.

Withdrawals through wire transfer

Wire transfer is nothing more than an online check. It is a process through which traders can settle transactions electronically without cash. However, it involves the facilitation of domestic and international banking accounts. Also, a trader should be aware that it can sometimes take up to 7 business days, depending on the Banking institution and the country. To quicken up the process, sending a copy of the swift code or the transfer receipt to AvaTrade to track the deposit would be enough.

Withdrawal charges for AvaTrade

In the Forex trading industry, various brokers charge different withdrawal fees. Such charges are always dependent on the account types. Similarly, AvaTrade also offers different types of accounts for its customers. These account types come with access to an account analyst as well. However, the customers of Ava Select receive the benefit from a dedicated account analyst.

The Account types
Minimum Deposits
Silver
$100
Gold 
$1000
Platinum
$10,000
Ava Select
$100,000

(Risk warning: 71% of retail CFD accounts lose money)

Note:

Unlike other brokers, AvaTrade charges nothing for withdrawing the funds, which makes it a lucrative selling point. However, in an AvaTrade account, the trader must deposit a minimum amount. Those amounts vary according to the account types. In addition to the withdrawal methods discussed earlier, AvaTrade also has a feature called Ava Debit Card. It allows a paperwork-free option for clients to withdraw funds. However, it may take up to five days for processing.


Withdrawal significance in trading

AvaTrade not only provides detailed guides and solutions to the most frequently asked questions, but also has a live chat that can answer your questions around the clock.
AvaTrade not only provides detailed guides and solutions to the most frequently asked questions but also has a live chat that can answer your questions around the clock.

The term withdrawal means nothing different from what we experience in real life. In trading, withdrawal signifies the process of removing funds from a bank account, savings plan, pension, or trust. But here in Forex Trading, we specifically focus on removing the account we use in the broker’s platform. Although, as a trader, you can withdraw funds as per your will, you need to meet the conditions in certain cases. If you do not meet the conditions, then there may be a penalty charged to you. 

It holds especially during an early withdrawal of funds. Usually, it means removing funds from a fixed-term investment in trading terms. But when talking in general, it can also mean removal before the maturity date. For example, it could be from an annuity, deposit (CD) certificate, or even a qualified retirement account. However, an early withdrawal in Forex trading means removal before a fixed term. Wherein the broker could fix such a term according to their service policy.

An early withdrawal can be one of the major reasons the broker charges fees and penalties. Sometimes, it may even be levied from the trader at an interest rate. In other words, we can say that a trader has made an early withdrawal from the account when there is a breach of a clause in an investment contract.

Now, without going deep into just one aspect of withdrawal, let us understand the withdrawal process in trading. It will give us the insight to withdraw funds from our Forex trading account.

A trader can carry out the withdrawal over time, depending on the trading account. Such a withdrawal can be in fixed or variable amounts as the trader wishes to withdraw. However, many brokers offer the option to withdraw in one lump sum of the profits. 

In any trading account, be it Forex or options, there is a requirement to convert the profits into cash for withdrawal. But there is another form of withdrawal called in-kind withdrawal as well. Usually, cash withdrawal takes place through a sale, 

Whereas an in-kind withdrawal involves possessing the assets without converting them to cash.

A cash withdrawal requires converting an account’s holdings, plan, pension, or trust into cash in other financial actions. However, in the case of Forex trading, the only difference that arises is that the assets are in the form of currency pairs.

No matter what question you have, you can always send it to the chat. And if the chatbot can't help you, an employee will. Here you can also select the Withdrawal topic.
No matter what question you have, you can always send it to the chat. And if the chatbot can’t help you, an employee will. Here you can also select the Withdrawal topic.

Before we can form a quick understanding of currency pairs, let us first form a basic idea of how forex trading works.

Forex trading begins with the investors borrowing money from their brokers. Then, they do that with the help of margin accounts. However, it is also possible to use the margin accounts to trade equities. The difference between trading in equities and trading in currencies on margin is in the degree of leverage only. 

Now, leverage in Forex signifies nothing more than the results of using borrowed capital as a source of funding. The reason for borrowing the capital could vary, but usually, it is to expand the firm’s asset base. It can also be for generating returns on risk capital.  

Without defining leverage further, we can say that using borrowed money is an investment strategy. Investors use it specifically to increase the potential return of an investment.

Now, brokers usually offer a 2:1 leverage to investors for securities like equities. But, on the other hand, forex traders are offered between 50:1 and 200:1 leverage. It simply means that traders need to deposit between $250 and $2,000 to trade positions of $50,000 to $100,000. And that is the way Forex trading works. 

As mentioned before, the trading happens with a Forex account in currency pairs. The national currencies are the main assets a trader trades in Forex, and they consist of two parts: a base currency and a quote currency. 

Usually, an exchange rate is given in forex trading; along with that, the currency pair signifies just one thing. It tells us how much quote currency it needs to buy one unit of the base currency. For example, GBP/USD = 1.75 means that 1 is equal to $1.75. In simple terms, it suggests that to buy 1 GBP, the buyer has to pay $1.75.

So, now that all the related terms around a withdrawal are clarified, we can look forward to knowing how to withdraw funds without losing the money. When it comes to the context of Forex, it is not possible to move on without discussing the withdrawal methods in the AvaTrade. Since it is one of the best-regulated brokers, knowing the withdrawal process can help reap maximum benefits. 

Conclusion 

It is evident that in all forms of trading, the ease in withdrawal determines the broker’s quality of service. After a thorough understanding, we can conclude that the withdrawal process in AvaTrade is fairly simple and secure. Moreover, it does not charge any additional fees for the same. So, it is the ideal broker for all those looking for a faster and safer experience.

FAQ – The most asked questions about AvaTrade withdrawal :

How long will my withdrawal be pending on AvaTrade?

The pending status is subject to further verification and clearance from the related institutions. Therefore, it mostly depends on the method used for transferring the funds. After the withdrawal request has been made, the trader can expect the confirmation within two working days. 

However, AvaTrade operates from Monday to Friday, which excludes the weekends and other public holidays included in the official calendar. So, there is a chance of a delay in receiving your funds due to the clearance delays. But that does not always happen; moreover, the trader can communicate with the customer support.

How long does it take to withdraw money from AvaTrade? 

The withdrawal processing is faster than others with AvaTrade. It only takes 24-48 hours to complete the whole process, which commences after the withdrawal request has been made. But, it is subject to an already completed account and document verification by AvaTrade. 

However, a trader must note that the duration mentioned above is applicable for credit cards, debit cards, and e-money withdrawals. At the same time, wire transfer withdrawals can take up to 10 business days to show the funds in your bank account.

Are Third-Party Withdrawals allowed?

The traders can withdraw the funds using the same methods used for deposits only. Moreover, AvaTrade does not allow third-party deposits. So withdrawals through third-party methods are not allowed; however, an additional document verification may allow that conditionally. 

Which withdrawal options are available in AvaTrade?

Only the payment methods used to fund your account can be used to send withdrawals following anti-money laundering regulations. Please note that you can only withdraw approximately 100% of the deposit to any credit or debit card; beyond that, you can withdraw using any other mechanism with your identity.

What is the processing time for AvaTrade withdrawals? 

A withdrawal request must be cleared within 24 to 48 hours if AvaTrade has accepted the account verification process. This is how debit cards, e-money, and credit cards work. Before the money from wire transfers reaches your account, it could take up to 10 business days.

What do I do if my credit card used to withdraw from AvaTrade is lost or canceled?

Utilizing the same credit card, kindly request a withdrawal. The funds should successfully transfer into your bank account even if the card has been revoked because it is still linked to your bank account.

How can I make a withdrawal from AvaTrade?

Enter your login information to access your trading account. After logging in, go to the withdrawals area. On the account website, complete the withdrawal request form. Over the next 24 business hours, your withdrawal will be processed.

(Risk warning: 71% of retail CFD accounts lose money)

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Last Updated on January 27, 2023 by Arkady Müller