Expert Option withdrawal tutorial and payment methods

Trading binary options with Expert Option can be very profitable. There have been cases where traders have increased their trading accounts by several digits. It all points to the possibilities that reside in binary options trading and general financial trading as a whole.

However, we must point out the fact that binary options trading is equally very risky. Just as you can increase your account several times, so also can you deplete it really quickly. Many traders have lost the entirety of their capital in a short period.

Thus, when you make profits in the markets, you should be able to withdraw. The withdrawal process for every broker is not the same. Here, we take you through some specific information regarding withdrawing your profits with Expert Option.

Expert Option trading platform

Expert Option trading platform

Quick facts about the Expert Option withdrawal: 

  • The minimum withdrawal is $ 10
  • Expert Option does not charge any fees
  • Multiple payment methods (Bank wire, e-wallets, credit cards, cryptocurrencies, and more)
  • Fast and secure withdrawals

(Risk Warning: Your capital can be at risk)

Withdrawal methods with Expert Option:

Expert Option has an array of channels through which you can withdraw your profits from your trading account. This wide array of channels gives traders from different parts of the world access to multiple channels. Hence, the fact that some withdrawal channels are available in some countries and not in others will not be a barrier.

The methods through which you can withdraw your profits from your Expert Option binary options trading account include the following:

Bank Cards

One of the most recommended channels through which you can make withdrawals is via debit or credit cards – especially those provided by leading card processors, Visa and MasterCard. If you have access to other card providers like Maestro and Visa Electron, you can also make use of it.

Withdrawals via bank cards can be pretty quick – and they usually are credited to the bank account that is linked to your card.

However, we highly recommend that the card you choose must be the one you used when depositing into the account. This is to save you from a lot of complications that may arise from having multiple payment channels.

Expert Option withdrawal with credit cards

Expert Option withdrawal with credit cards

Electronic or Digital Wallets

You can withdraw through popular E-wallets such as Skrill, Neteller, WebMoney, Payweb, Perfect Money, amongst others. Electronic wallets are quite fast. Within a day or so – or even in the space of a few hours – you get your withdrawal credited to your wallet. From there, you can now withdraw or convert it to cash.

Expert Option withdrawal via e-wallet

Expert Option withdrawal via e-wallet

Bank Transfer

Finally, you can also get the money withdrawn directly into your bank account.  Many traders in many countries don’t have access to the bank cards and E-wallets that we discussed above. So, they have to resort to the only option left – bank transfers.

This bank transfer system, however, is very slow and can take several days on end before your money eventually gets to you. In fact, we recommend that you don’t make use of it unless you have no choice.

Cryptocurrencies

Expert Option also supports cryptocurrency transactions. You can withdraw the money via Bitcoin or Ethereum, and some smaller cryptocurrencies. There are no fees or restrictions for it. A cryptocurrency transaction is quite simple and fast but it is a little bit slower than credit cards.

Steps to withdrawing from your Expert Option account:

From your trading account, click on the Finances’ icon on the left menu. Next, click on the Withdrawal tab. Finally, choose the payment option you wish to use. Next, type in the amount you want to withdraw. Click on the “Withdraw Now” button.

Important note:

The channel through which you choose to withdraw must be the one that you used in depositing trading capital into the Expert Option live trading account. In addition, to be able to make withdrawals from your Expert Option trading account, you must have undergone a verification process to certify that you are the owner of the account. The rules that apply to trading with Expert Option allow you to deposit into your trading account and make trades from that account without much rigorous verification process.

However, when it is time to withdraw, your profits will not be paid to you if you do not undergo the process and get verified. This is done primarily to protect you and your capital from potential fraudulent activity.

Expert Option verification process:

To get verified with Expert Option you need to present some documents and take some steps. The documents you need include:

  • Identity Card or Document: Expert Option wants to know if you are who you say you are. So, they need an identity document bearing your name as you entered during registration.

The ID card in this case can be your National Identity Card or your driver’s license or your International Passport.

  • Selfie of you holding the ID card: To further authenticate your verification, you need to snap a selfie picture of yourself holding any of the ID documents above.
  • Proof of Address: Expert Option will also like to know if you actually reside where you claim to reside at. As a show of proof of address, you can use the signed and stamped account statement from your bank.

You are to upload each of these documents when requested.

(Risk Warning: Your capital can be at risk)

How long do your withdrawals take?

When you request to withdraw your profits from your account, you should have an idea as to when the money will get credited to your withdrawal channel. With Expert Option, most withdrawals will be completed within 24 working hours. However, things can be faster; that is, you can get your money earlier than 1 business day. The tips listed below should help:

 By far, the best way to get faster withdrawals anytime you request is to work your way up to Expert trader status. Expert Option operates a kind of trader status program in which traders are grouped into certain categories depending on the number of deposits they pay into their trading account.

There are 6 levels or account types – Micro, Basic, Silver, Gold, Platinum, and Exclusive.

Owners of the Platinum and Exclusive accounts enjoy the most perks. They don’t have any limitations on the number of trades that they can enter, unlike the other account types. Expert Option will provide you with educational resources, daily market news, and even profitable signals. They also provide you with personalized managers who will attend to your trading needs.

Expert Option account types

Expert Option account types

Finally, you will be given priority withdrawal. Your withdrawal request can get processed in just a few hours. However, to be able to enjoy all these benefits, you have to commit at least $5,000 as your minimum deposit amount for the platinum account. In the case of the Exclusive account, not everyone has access to it. To be able to use an Exclusive account, you need to be invited to use the account by Expert Option itself.

Another tip is making use of an e-wallet like Skrill or Neteller to make deposits and then withdrawals to your Expert Option account. These e-wallets work directly with Expert Option to provide faster transactions. Making your withdrawals via bank cards can also be very fast, although they are not as fast as the E-wallets.

Does Expert Option charge for withdrawals?

Expert Option does not charge any amount for your withdrawals. However, the withdrawal channel (say MasterCard/Visa or Neteller/Skrill/WebMoney) may decide to charge some amount for rendering its services to you.

Can bonuses be withdrawn?

Whenever you make deposits into your Expert Option live account, you are given certain deposit bonuses. These bonuses are meant to give you extra power to make trades. They are not meant to be withdrawn.

What is the Expert Option minimum and maximum withdrawal amount?

Anytime you want to withdraw your profits from Expert Option, the minimum you can do at a certain time is $10. On the other hand, there is, however, no maximum.

How long does it take to withdraw money from ExpertOption?

Withdrawals are usually processed within 24 hours. The profit can be withdrawn usually by using the same method that was used for depositing.

Conclusion on the Expert Option withdrawal

As a Binary options trader, you have to learn the different processes on your binary options journey – from how to trade to how to set your account. Thus, you need a guide. The above is one of those guides on ExpertOption Withdrawals. All withdrawals are secure and fast. The broker will definitely pay out your money. 

(Risk Warning: Your capital can be at risk)