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cTrader withdrawal

cTrader withdrawal: How to withdraw profits – Tutorial

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cTrader is a great online platform promoting a perfect trading experience for traders. It is a next-generation trading platform that allows traders to conduct a proper technical analysis. Besides, it is an ideal trading platform for traders who wish to indulge in automated trading. 

Your online trading broker might offer you the cTrader trading platform. After all, several brokers operate to offer traders innovative trading solutions. However, once you make money on the cTrader online trading platform, you might want to withdraw your earnings. Here is a guide to cTrader money withdrawal. 

How to withdraw money on the cTrader

How to withdraw money from cTrader?

Withdrawing money from the cTrader online trading platform is simple for any trader. The withdrawal process is similar to traders’ steps to withdraw earnings from their normal trading account. 

Good to know!

Before initiating a withdrawal request, a trader must ensure that he has sufficient funds in his trading account. In addition, different brokers have their conditions regarding the withdrawal amount. 

You can directly withdraw funds if you have sufficient funds in your trading account.

(Risk warning: Your capital can be at risk)

These steps will allow traders to withdraw on the cTrader trading platform:

Step 1: Place your trades and earn profits on them

Firstly, you must place a trade to earn profits. Making a cTrader withdrawal is possible only when a trader has sufficient funds in his trading account. There will be funds in your trading account only when you place winning trades. 

So, you must conduct a proper analysis before you place your cTrader trade. Now that you have sufficient funds in your trading account, you can proceed with step 2:

Step 2: Visit the deposits/withdrawal section

Traders can visit the deposit/withdrawal section when they log into their trading accounts. Clicking on this option will take you to the withdrawal page. 

Step 3: Choose the type of withdrawal that you wish to make

There are several payment methods that cTrader supports. However, the type of withdrawal that you can choose also depends on your broker. Your broker might or might not support all payment methods. 

Usually, brokers allow traders the following payment methods:

  • Cryptocurrency
  • Electronic wallets
  • Bank transfers
  • Debit and credit cards

You can choose one of these payment methods and proceed to enter the amount. 

Step 4: Enter the amount

Money withdrawal on the IC Markets cTrader

Traders can now enter the amount they wish to withdraw. However, they must ensure that they enter an amount considering the minimum withdrawal amount stipulated by their broker. It will ensure that you do not have to incur any withdrawal charges. 

Step 5: Submit the request

Finally, you can submit your withdrawal request to the broker. Once you submit the withdrawal request to your broker, he will process it at the earliest. However, the processing time of the transaction might differ across different. 

Good to know!

Mostly, the brokers process your withdrawals within 8 hours. However, some brokers might take up to 24 hours.

Apart from this, the time involved in receiving your withdrawal might also vary. For instance, some withdrawals are instant. But on the other hand, other withdrawal methods might take some days for the payment to reflect in their accounts. 

(Risk warning: Your capital can be at risk)

What is the minimum withdrawal on cTrader?

cTrader minimum withdrawal

As mentioned, the minimum withdrawal amount might vary across different brokers. Usually, a trader can withdraw any amount ranging between $50-$100. 

The traders must enter the minimum withdrawal amount to submit a request. Entering an amount less than the minimum withdrawal amount shall not be acceptable to most brokers. Traders might even have to pay the penalty if they withdraw less. 

cTrader withdrawal methods and costs

The cTrader platform - Chart

There are several cTrader withdrawal methods that a trader can access. Here is a list of those payment methods. 

Bank transfers

Bank transfers allow traders to get funds directly into their bank accounts. Traders have to choose bank transfers as their preferred payment while withdrawing funds. 

Good to know!

Usually, brokers allow free bank transfers. However, if your bank charges you a transfer fee, you will have to bear it. Your broker does not pay that fee. 

Cryptocurrency

If you use cryptocurrency to deposit your funds, you can use the same method for withdrawal. Bitcoin, Bitcoin Cash, Litecoin, Ethereum, etc., are common cryptocurrencies traders can use to withdraw funds. 

Electronic wallets

These days, cTrader withdrawals with electronic wallets are becoming increasingly popular. You can use your electronic wallet, such as Skrill, Neteller, etc., to withdraw funds. The withdrawals that traders make through electronic wallets are instant. Also, they involve no cost for traders. 

Debit and credit cards

Traders can use their debit and credit cards for cTrader withdrawals. Though most withdrawals are free, some brokers might charge you a certain withdrawal fee while using this method. Usually, this fee percentage is 5%. 

How to see all past transactions on cTrader?

cTrader menu

Clicking on the deposits/withdrawals methods brings a trader to the page where they can find all their recent transactions. If you wish to know your cTrader withdrawal history, tap on the ‘withdrawals’ option. Then, you would see a record of all your past transactions. It would include the exact timing of your withdrawal request, its processing, the payment method chosen, and the withdrawal amount.

Thus, a trader can refer to this record to know his cTrader withdrawal history. 

Conclusion – It is easy to withdraw money on cTrader!

cTrader is nothing less than a great online trading platform. It allows traders to get a positive trading experience. Once you make a profit while trading on this platform, you can proceed with the withdrawal. 

A cTrader withdrawal is easy to make. These steps allow traders to take out the funds they earned online. The minimum withdrawal might be different for all brokers. However, the process is the same. We recommend IC Markets, as it is a reliable and regulated broker offering access to cTrader and its rich features.

(Risk warning: Your capital can be at risk)

Frequently asked questions about the cTrader:

How can I trade on cTrader?

You can trade on cTrader by choosing a broker and signing up for a trading account. Then, you can download the platform on your phone and trade your favorite underlying assets. 

Is it safe to trade on cTrader?

Yes, cTrader is safe to use for all traders. It is a reputed and trustworthy trading platform that traders use to make their trading worthwhile. 

Is trading on cTrader legal?

Yes, trading on cTrader is legal, and most brokers support it. cTrader is a perfect trading platform for traders looking forward to a dependable trading platform.