How to withdraw money on Pepperstone – A quick withdrawal tutorial
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Pepperstone offers its clients a trustworthy and reliable trading platform to earn profits while trading online. One can open a trading account with Pepperstone effortlessly. It is easy to fund your Pepperstone trading account. Likewise, the process for fund withdrawal is also easy. It is every investor’s dream to earn profits on their online trades.
Also, while opening a trading account with an online broker, many investors look for the ease of depositing and withdrawing funds. If you are one of those investors, Pepperstone is the right choice for you. It offers you ease of access to any securities in the market and an opportunity to earn a significant rate of returns.
While many online trading platforms have a lengthy and consummate process for fund withdrawal, Pepperstone offers its users much demanded ease. It means that you can easily make a Pepperstone withdrawal without worrying much about anything.
There are plenty of payment methods that you can use to withdraw funds from your Pepperstone trading account. From wire transfers to e-wallets, you can choose any available option for your Pepperstone withdrawals and deposits.
Pepperstone offers over 1000 distinct markets for trading to its clients. It includes both CFDs and forex, and an investor can invest in any marketable security. When you earn profits on your Pepperstone trades, you can easily withdraw these profits for your use whenever you want to.
We will discuss the entire withdrawal process and payment methods for your Pepperstone withdrawal. But first, let us look at some information about Pepperstone.
About Pepperstone
Pepperstone, founded in 2010, is an award-winning broker. Some experienced investors frustrated with high prices and delayed execution found this online trading platform in Melbourne, Australia.
Pepperstone seeks to provide its customers with efficient customer support to help them trade hassle-free. It uses superior technology and low-cost spreads to help its clients master the art of trading.
A beginner or a professional investor can start trading with Pepperstone with a small deposit. Pepperstone transacts business worth over 12 bn USD on an everyday basis. Millions of investors across the globe have their trust and confidence in this online trading platform. Every day, thousands of new investors join Pepperstone to experience trading with world-class technology.
An investor can begin trading with Pepperstone with a very nominal amount and choose an account that suits him. Pepperstone offers its clients the freedom to decide and execute their investment decisions. You can start with a minimum deposit amount and fund your account according to your capacity. Similarly, you can make Pepperstone withdrawal as and when you like. There are no restrictions or struggles in withdrawing funds from your trading account with the broker.
Let us look at the Pepperstone withdrawal process. This withdrawal tutorial will ensure that you don’t witness difficulty withdrawing funds from your Pepperstone account, especially for your first time.
How to withdraw funds?
When you have earned enough funds in your account, you can request a Pepperstone withdrawal. To withdraw funds from your trading account, you can choose any payment method you previously used to deposit funds into your account. The process to withdraw funds from your Pepperstone account involves these steps.
- Login to your Pepperstone account. Check the availability of funds in your trading account before requesting a Pepperstone withdrawal.
- Click on the ‘Funds’ tab. It will show you the option of ‘withdraw funds,’ You can click on this option to see all the available payment methods.
- Select a payment method and enter the amount you want to withdraw. After this, click on the ‘confirm’ button.
- Verify your withdrawal request by clicking on the link sent to your email ID. This link will say, ‘Accept withdrawal,’ and clicking on it will redirect you to the secure client area. You might have to log in to your trading account again in this client area.
- Once your Pepperstone withdrawal request is confirmed, its status will move to ‘pending.’
- Following this withdrawal process, you can withdraw funds from your Pepperstone account. It is a very straightforward process, and you don’t have to stress much about it. You only need to log in to your trading account and request a fund withdrawal.
With Peppertone, you can easily add or withdraw funds in your trading account. Managing your Pepperstone account is not a big task. You can access all your funding and withdrawal options safely and securely at any given time. Like other trading platforms, Pepperstone offers its clients multiple payment options. A diverse list of payment options ensures that the client is free to deposit and withdraw funds from his account at his convenience.
Let us look at the payment options that Pepperstone offers its clients.
Payment methods
For funding or making a withdrawal from your trading account, you can use these payment options at Pepperstone.
- Credit and Debit cards
- Wire transfers
- E-wallets
The clients can choose any payment option that fits their needs the best. Multiple payment options benefit the clients. If one payment option does not work, the client can use a different one. Let us look at these available payment options one by one
Credit and debit cards
Cards are the most convenient and regular payment option for many investors. You can use your credit or debit card just like you use it for other purposes online. Pepperstone supports all VISA and Mastercard debit and credit cards for fund withdrawal. If you are a trader from Australia, you can even use your POLi card to withdraw funds.
For Pepperstone withdrawal into your credit and debit cards, you can select it as your payment method in the ‘withdraw funds’ section. After this, you can approve the payment by clicking on the verification link. Pepperstone will send you an email notification confirming your credit/debit card withdrawal.
Bank/wire transfers
Bank or wire transfers are the most favorable option for Pepperstone withdrawal when you don’t want to use your credit or debit card. However, to withdraw funds in your bank account, you should first verify your bank account with the broker.
You need to upload a scanned image of your bank statement that is not older than six months. It will help Pepperstone verify your bank account to process your withdrawal. Verification of your bank account is essential because Pepperstone cannot transfer your funds to a third-party account. So, if bank transfer is the most convenient option for withdrawing funds from your trading account, you can select it.
E-wallets
Electronic wallets are fast emerging as the most comfortable way of transacting business worldwide. It is a good thing that you can use your e-wallet to withdraw funds from your Pepperstone trading account. The broker supports all the leading electronic wallets, such as PayPal, Skrill, Neteller, Union Pay, and Bpay.
Before submitting a withdrawal request, you should note that if you are requesting a withdrawal after 21:00 GMT, it shall get processed the next day. You should also know that you can request a Pepperstone withdrawal only in your bank account, credit card, and e-wallets. Pepperstone does not support third-party withdrawals.
While most withdrawals from your Pepperstone trading account are free of charge, some withdrawal methods might involve a fee. Let us look at the cost a trader might bear while making a Pepperstone withdrawal.
Fees that can occur
However, if your fund withdrawal involves an international transfer, you will have to pay 20 AUD as a withdrawal fee to Pepperstone. Even if you are making an e-wallet withdrawal, an amount equivalent to 3% of the total withdrawal shall be applicable as a withdrawal fee.
Payment Method | Withdrawal Fee |
Bank transfers | $0 for domestic. For international transfers, withdrawal fee = 20 AUD |
Credit or debit cards | Free |
E-wallets | 3% of the total amount withdrawn |
Other than this fee, Pepperstone does not charge any money from its clients for withdrawing their funds. To avoid any withdrawal fee, you can choose a credit or debit card as your payment method. Even if you use the option of bank transfer, you don’t have to pay a withdrawal fee. All the domestic bank wire transfers are free at Pepperstone.
Let us talk about how long you should wait to receive funds into your selected payment method.
How long does it take to withdraw money from Pepperstone?
Usually, the time involved in withdrawing funds from your trading account depends on the payment method that you choose. Some payment methods take a long time to transfer funds. On the other hand, other payment options might offer you a quick withdrawal process.
The following table will help you know about the time involved in making a Pepperstone Withdrawal.
Payment Method | Time involved |
Bank transfers | 4-5 business days |
Credit/debit cards | 2-3 business days |
E-wallets | Up to 24 hours |
Pepperstone processes your withdrawal request as early as possible. So, it takes up to only one business day for it to start processing your withdrawal. Payments made through credit or debit cards can take 1-3 days. Sometimes, due to technical errors or poor servers, the transfers through credit or debit cards take a few days.
Withdrawals made through bank or wire transfers can involve 4-5 working days. You can select this as your payment method if you are willing to wait for such a long time. On the other hand, international bank transfers might take up a few more days than the five business days.
E-wallet withdrawals are comparatively quick and get processed within 24-48 hours. It means that an e-wallet is the fastest withdrawal method among all the options.
Irrespective of which payment method you choose, your Pepperstone withdrawal reaches you within a stipulated time. Before submitting a withdrawal request, you should note the time involved for your funds to credit into your account. If you need to use your funds immediately, you should opt for an e-wallet as a payment method. However, if you can wait for 5-6 days to receive your funds, card payments or wire transfers can be a viable option for you.
The minimum amount you can withdraw from Pepperstone
| Minimum Withdrawal | $0 |
There is no minimum amount you should withdraw from your Pepperstone trading account. So, you can take out any amount that you want to without worrying about any stipulation.
However, if you are using an option of wire transfer and it involves an international transaction, you must withdraw a minimum of $80. Pepperstone has to incur a fee on making an international transfer of funds as well. That is why it has set a minimum withdrawal amount for international transfers.
For domestic withdrawals, you can withdraw any amount from your trading account. Whether it is $5 or $1000, you can withdraw any amount without paying a fee to Pepperstone as long as your transaction stays domestic.
We know the minimum withdrawal amount for making international transfers. Let us now look at the maximum amount you can withdraw from your trading account.
The maximum amount you can withdraw from Pepperstone
| Maximum Withdrawal | Up to 90% |
Pepperstone stipulates that when one has open trades on his trading account, he can only withdraw up to 90% of his free margin. To find your current free margin, you can go to the ‘Trade’ tab in your MT4/5 terminal. Your current free margin keeps changing continuously, sometimes in a matter of seconds.
If you use an e-wallet for your Pepperstone withdrawal, you should note that a maximum limit gets imposed on each transaction. It means that you can only withdraw a certain maximum amount with every withdrawal made through an electronic wallet. To take out more funds from your trading account through your e-wallet, you can make multiple transactions.
Problems/Issues with Pepperstone withdrawal
A trader can withdraw funds from his account through a series of simple steps. It is a very straightforward process. However, one can face a few problems while making a Pepperstone withdrawal. Let us look at these problems and the solution to them.
Canceling a withdrawal request
It is possible that you develop second thoughts and change your mind about withdrawing money. Or click on the option by mistake. In such cases, you can cancel your withdrawal anytime. If you have not clicked on the verification link yet, you can click on the ‘Cancel Withdrawal’ option found in your email.
However, if you have already submitted your withdrawal request, you can contact Pepperstone customer care. They will help you in canceling your withdrawal request.
Entering IBAN details of your bank account
If you are using a wire transfer as a payment option, you can enter the IBAN details of your bank if it involves an international transfer of funds. It will help Pepperstone identify your bank account and branch.
Third-party withdrawal
You cannot request a Pepperstone withdrawal into an account other than yours. Third-party withdrawals are not allowed on Pepperstone or any online trading platform.
Pepperstone reviews
Pepperstone has a lot to offer its clients in tradeable markets and securities. If you are new to Pepperstone, you can easily open your trading account and start trading. Pepperstone is a trustworthy and reliable broker with low risk.
The online trading platform has a user-friendly interface that enables learners and professionals to enhance their trading experience. You can select from a growing selection of tradeable markets at Pepperstone. It also has multiple social copy trading platforms.
Opening a trading account and depositing funds into your Pepperstone account is not a difficult task. Also, the prices are competitive at Pepperstone. Conclusively, Pepperstone is the ideal online trading platform for its users.
Conclusion
Deposit and withdrawal of funds from your Pepperstone trading account are effortless. Just a few clicks on the mouse, and you will be able to withdraw funds from your trading account.
You can use any payment option to make a Pepperstone withdrawal. These options include wire transfers, e-wallets, and card payments. The convenience of selecting any payment method makes Pepperstone the choice of many investors.
FAQ – The most asked questions about withdraw money on Pepperstone :
How can I withdraw funds from my Pepperstone trading account?
You can withdraw funds from your Pepperstone account by clicking on the ‘Withdraw Funds’ option in the secure client area. An email notification with a link will reach you. You can click on this link and proceed with your withdrawal request.
Which payment method can be used to withdraw funds from Pepperstone?
You can use any payment method of your choice at Pepperstone. It offers clients the freedom to choose from bank or wire transfers, credit or debit cards, and e-wallets.
How long will my withdrawal be pending on Pepperstone?
Usually, Pepperstone processes the withdrawal request within 24 hours. However, the speed of the transaction depends on the selected payment method. Bank transfers and card payments can take 5-6 business days. On the other hand, e-wallet transactions are quick.
Do I have to pay any withdrawal fee to Pepperstone?
Pepperstone does not charge a withdrawal fee if your bank or wire transfers occur in the same country. For international bank transfers, Pepperstone charges a withdrawal fee of 20 AUD. If you are using your e-wallet, 3% of the total amount withdrawn will get charged as a withdrawal fee.
What is the minimum amount that I can withdraw from Pepperstone?
You can withdraw any amount from Pepperstone if you are not making an international bank transfer. During international bank transfers, the minimum withdrawal amount at Pepperstone is $80.
What is the least amount offered for Pepperstone withdrawal?
You can withdraw any amount from Pepperstone if you don’t use an overseas bank transfer. But there is a condition for international bank transfers. You can withdraw only $80 from Pepperstone if you wish to execute an overseas money transfer. So, keep this thing in mind while you think of Pepperstone withdrawal.
Is there any process of verification for Pepperstone withdrawal?
Pepperstone is a governed financial institution. So, they need to know about their clients for security reasons. And you have to undergo a verification process for Pepperstone withdrawal. As a result, you will need to present relevant documentation with your proof of identity and proof of residence. Depending on your country of origin and the type of account you are creating, different documentation may be required. Make sure to double-check it, then. Additionally, they will need identification proof from you.
How can I make a Pepperstone withdrawal after account verification?
First, register for a live trading account by entering the details and choosing a password. After then, you must respond to certain questions. It will permit them to evaluate if you can trade derivative assets. And you’ll quickly see the results. They will next request you to verify your Identity. So, be certain to keep your IDs close at hand. Once your application gets authorized, you are ready to log in and fund your account. Also, you’re ready to make Pepperstone withdrawal.
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Last Updated on January 27, 2023 by Arkady Müller
