MetaTrader 5 withdrawal: How to withdraw money from MT5?
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MetaTrader 5 is a net-based trading platform that helps traders to trade using automated devices and signals. This trading platform is immensely beneficial for traders because it allows them to build wealth. So when a MetaTrader 5 trader has sufficient funds in his trading account, he can finally opt for MetaTrader 5 withdrawal.
Traders can make an MT5 withdrawal when they have sufficient funds in their trading account. For that, a trader must have a forex broker account connected with MT5. A regulated broker is also necessary for a user to start trading. Otherwise, you might risk your investment.
How to withdraw money from MetaTrader 5 – Step by step tutorial
To withdraw money from your real account, you should have enough amount of funds in your account.
MetaTrader 5 withdrawal requires a trader to follow these steps.
#1 Log in to the broker’s account
First, traders can log into the broker’s account with their real account username and password. Traders must use the same username and password their broker offered them during the signup process.
Our tip, sign up with the best MetaTrader brokers and start trading with low spreads & commissions:
MetaTrader Broker: | Review | Regulation: | SPREADS & ASSETS: | Advantages: | Free account: |
|---|---|---|---|---|---|
1. Vantage Markets  | Regulated by CIMA, ASIC | From 0.0 pips spread + $ 2 commission per 1 lot trade 800 markets+ | # High leverage up to 1:500 # High liquidity # No requotes # MT4/MT5 # Spreads from 0.0 pips # Paypal & crypto payments | Live account from $ 200 (Risk warning: Your capital can be at risk) | |
2. RoboForex  | Regulated by the IFSC | From 0.0 pips spread + $ 4 commission per 1 lot trade 16.000 Markets | # Multilingual 24/7 customer support # Leverage up to 1:2000 # Award-winning broker # Free bonuses # MT4/MT5 # Spreads from 0.0 | Live account from $ 10 (Risk warning: 72.87% of CFD accounts lose money) | |
3. IC Markets  | Regulated by the ASIC, FSA & CySEC | From 0.0 pips spread + $ 3 commission per 1 lot trade 2,000 markets+ | # Free demo account # Spreads from 0.0 pips # Low commission # Real raw-spread trading # Big liquidity providers | Live account from $ 200 (Risk warning: Your capital can be at risk) |
(5 / 5)
(4.8 / 5)#2 Go to the withdraw funds option
After logging into your MT5 trading account, you can see your trading account’s dashboard. Here, you will see all the details of your trading history.
Your transactions and orders are also available for viewing. It is here that you will see the ‘withdraw funds’ option. Click on it.
#3 Choose the payment method and enter an amount
After choosing the MetaTrader 5 withdrawal option, select the online payment method you prefer. There are several options that traders have at their disposal to opt for a withdrawal.
Good to know!
You must enter the amount you want to take out of your MetaTrader 5 trading account. While doing so, remember to keep the minimum deposit amount of the broker in mind.
#4 Submit your request
Finally, you can submit your MetaTrader 5 request with your broker.
Good to know!
You must have a broker’s account to withdraw and deposit transactions from your MT5 account. MT5 is not a broker. Traders have to choose a broker that helps them connect with MT5.
(Risk warning: Your capital can be at risk)
How long does it take to withdraw money from MetaTrader 5?
The biggest aim of a trader is to make more and more profits and then withdraw them once you have a good amount of funds in your account.
However, at some point, traders normally withdraw money to utilize it during the trading journey.
Generally, it takes about five working days for the money withdrawal process. It differs from country to country. So, it may take a little longer for some traders.
Good to know!
The withdrawal duration also depends upon the kind of payment method. For instance, traders who opt for MT5 withdrawals through bank transfer might need to wait 5 days. On the other hand, traders using electronic wallets or crypto payments can expect instant withdrawals.
If there is any error or mistake in your withdrawal request, it might delay the withdrawal process.
Minimal and maximal MT5 withdrawal amount
The minimal MT5 withdrawal amount depends on the method you use to withdraw money.
- Through bank accounts, the minimum withdrawal amount is 100 USD.
- Through visa, PayPal, or Webmoney, it is 10 USD.
On the contrary, maximum withdrawal also depends upon the method. If you withdraw through a bank account, the maximum withdrawal will be 25,000 USD. In some withdrawal methods, commission or extra fees are either charged a little or not.
Good to know!
In addition, the minimum and maximum MetaTrader 5 withdrawals also depend on your broker.
(Risk warning: Your capital can be at risk)
Withdrawal methods of MetaTrader 5
Your broker might offer many methods to withdraw money from MetaTrader 5.
Transfer to a bank account
It is usually used by many traders. However, the minimum withdrawal amount is 100 USD, and the maximum withdrawal amount is 25,000 USD. It generally takes 2 days to transfer money.
Most brokers allow traders to make free withdrawals through a bank transfer. However, sometimes a trader’s bank might levy some fee.
Bitcoin
Presently, bitcoin is the most popular payment system in the world applying cryptocurrency. The transfer time is usually up to 2 hours.
Other cryptocurrencies
Traders can find several cryptocurrencies available as payment methods with their broker.
Neteller
Many traders use Neteller. The minimum withdrawal amount for this electronic wallet is 50 USD. MetaTrader 5 transfers to a third party are restricted. However, it charges 2% of the commission. It takes two days in the process of withdrawal.
PayPal
You can make a MetaTrader 5 withdrawal from your PayPal account if you have enough deposits. 2% of extra fees get charged for a Paypal transfer. However, the MT5 withdrawal can conclude in a day.
Credit card
There are a few restrictions, but it is very easy and quick to withdraw money through a credit card. It charges a 2.5% commission. This process takes about 5-10 minutes after the withdrawal request.
MetaTrader 5 withdrawal fees and costs
MetaTrader 5 charges fees in some payment methods, such as credit cards, Neteller, and PayPal. But MT5 is commission free in many payment methods like bitcoin, bank transfer, etc.
However, MetaTrader 5 does not charge fees for individual users.
Conclusion – It is simple to withdraw money on MetaTrader 5
MetaTrader 5 is a platform where traders predict market situations online using various methods. However, to withdraw the money, you should have a broker’s account, and it is necessary to have a regulated broker. MetaTrader 5 is a safe, secure, and trustworthy platform for traders.
There are many methods to make a MetaTrader 5 withdrawal, such as bitcoin, Neteller, bank transfers, etc. Whether or not you are charged extra fees depends on the method you choose to withdraw the money. You can trade from MetaTrader 5 online from any device.
(Risk warning: Your capital can be at risk)
Frequently asked questions about MetaTrader 5 withdrawals:
Is MetaTrader 5 safe?
MetaTrader 5 is completely safe and secure, but it does have some limitations to avoid scams and fraud. MetaTrader 5 is a reliable trading platform. Even if your account is hacked, the hacker cannot withdraw money from your account. But it can ruin your trades.
Can I trade on MT5 without a broker?
No, you cannot trade on MetaTrader 5 without a broker. You should have a lawful broker and have an account opened with your broker.
How do I withdraw my money from MetaTrader 5?
A trader can make a MetaTrader 5 withdrawal by logging into his trading account. Then, he can click on the ‘withdraw funds’ option and choose the payment method they wish to use.
Can you withdraw from MT5?
Yes, you can withdraw from MT5 if you have earned sufficient profits. However, you must log in to your broker account. MT5 is just software, so you cannot request a withdrawal from MT5 directly. You will need to connect with your broker.
How to transfer money from MetaTrader 5 to a bank account?
You can transfer money from MetaTrader 5 to a bank account by selecting it as your desired payment method.
How do I withdraw money from my MT5 account?
Traders can withdraw money from MT5 by visiting their broker account, entering the withdrawal information, and submitting the request.
How do I cash out on MetaTrader5?
You can cash out on MT5 simply by submitting a withdrawal request to your broker.
Last Updated on January 13, 2023 by Andre Witzel
