How to withdraw money on Pocket Option – Withdrawal tutorial
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There is no doubt that CFD and forex markets have always been the most popular investment option for people who are seeking a better return on their investment. In recent years, increasing popularity in the global capital market investing has resulted from increased financial sophistication.
Well, to take advantage of this situation, many online brokers have come forward with advanced trading platforms to help people invest their money. One of such popular online brokers is Pocket Option.
However, before opting for Pocket Option, it is advisable to understand everything about its withdrawal process. This Pocket Option review can help you to explore more about the broker’s withdrawal facility.
About Pocket Option
In simple words, Pocket Option allows both the professional and new traders to make trade faster while offering higher payouts than other popular brokers.
Managed by Gembell Limited, Pocket Option entered the binary options trading market in the year 2017. Within a few years, the broker managed to earn a lot of popularity. The broker is currently regulated by the IFMRRC- International Financial Market Relations Regulation Center.
With more than 100 types of assets to trade and multiple payment options to attract international traders, the broker offers easy-to-do trade opportunities to hundreds and thousands of people.
The best thing about Pocket Option is its higher payouts. As per the official site, the lowest one can get around 50%. You can expect to enjoy a payout between 80 to 100 percent for your successful predictions.
What’s more? Whenever a new trader opens a live account, the broker will offer a 50 percent deposit bonus when they make their first investment. So, the more you deposit, the more bonus you will earn.
But what about Pocket Option Withdrawal? Is it good? Can you trust this broker when it comes to enjoying a faster withdrawing experience? Well, keep reading to get your answer.
Creating a withdrawal request
The best thing about this online broker is its withdrawal process. The process duration is very fast and easy. As it gives maximum importance to the users’ convenience, the broker has made the process easier for all by offering different withdrawal methods. Now, let’s talk about the process in detail.
- To raise a withdrawal request, first, you need to visit the Finance section.
- There you will find the Withdrawal option; click on it.
- Then you will be redirected to the withdrawal page.
- Now you need to put in the withdrawal amount.
- Choose the available payment or withdrawal option based on your requirements.
- Once done, all you need is to follow the onscreen instructions to complete the process.
You should keep in mind that the minimum withdrawal amount will vary based on the withdrawal method you choose. And don’t forget to properly mention the receiver account details in the field of “Account Number.”
It may be noted that if you are making a withdrawal request and you have an active bonus, then the bonus will get deducted from your trading account balance.
Following the above-mentioned steps, you can successfully withdraw money from Pocket Option. You will not face any issues during the process. In terms of withdrawal methods, you will have a great level of flexibility.
However, you should remember that you are allowed to withdraw money into the method that you have used to deposit the funds. That means, if you have used wire transfer as your payment method, you can only use that method for withdrawing the funds.
Here is a detailed description of the different withdrawal methods available with Pocket Option.
Pocket Option withdrawal method
For cryptocurrency withdrawal
For this, on the Finance menu, click on the Withdrawal option and then choose cryptocurrency as your payment method. Once done, just keep following the on-screen instructions.
After choosing the desired payment method, you need to enter the desired amount as well as the bitcoin address. Then click on the Continue option, and you will see the request has been queued.
Master/visa card withdrawal
While on the Withdrawal page, you will have to choose the Mastercard or Visa card option from the available payment option. Now follow the instructions that appeared on the screen to complete your withdrawal process.
It may be noted that in some countries, to use this withdrawal method, your online broker will ask for bank card verification. So, learn the process first.
Choose your card, fill up the amount and click continue to create your withdrawal requests. It may be noted that, in some cases, a request may take around three to seven days for processing.
E-wallet withdrawal
The process is the same. All you need to do is choose an eWallet option from all the listed Payment Methods. After choosing the desired e-wallet options, you need to enter the amount and raise the request.
Pocket Option payment methods
As the competition level is increasing among the online brokers, they have started offering different facilities to their users to make their trading experience smooth. For example, all the brokers have introduced different payment methods.
Well, Pocket Option also has adopted the same strategy. As the broker supports multiple payment options, you will not face any issue if one method fails. And using different methods, you can enjoy a faster money deposit experience. Some payment options available with Pocket Option are:
- Electronic wallets
- Bank or wire transfer
- Debit cards and credit cards
- Litecoin
- Bitcoin
- Steller
- Zcash
- Ethereum
- Jeton
- AdvCash
- WebMoney
All the Pocket Option payment methods have one thing in common that is they are very instant. That means, once initiated, the fund will be instantly credited to the users’ trading accounts.
Duration of Pocket Money withdrawal
The total time required for Pocket Option withdrawal will greatly depend on the payment method you are choosing. As the broker offers different payment methods, the speed will vary based on one method to another.
While some methods take a few hours, some can take a few days. Here is a table that will show the time involved in every withdrawal method.
Payment Method | Duration |
Cryptocurrency | 2 to 3 business days |
Credit or Debit Card | 24 to 48 hours (working days) |
Bank or Wire Transfer | 4 to 5 business days |
Electronic wallets | 5 to 10 hours |
Pocket Option Withdrawal made using cards can take around 24 to 48 hours. In the case of electronic wallet transfer, the entire process will take only a few hours. You can check the withdrawal request status from the Finance section.
If you are using the wire transfer option, then you may need to wait for around 5 to 6 working days to get back your money into your account. Well, the broker generally processes the requests within 24 hours, but the payment handling partner may take time to verify and approve the transactions.
Minimum Deposit | USD 50 |
Minimum trade amount | USD 1 |
High payouts possible | Around 97 percent |
Fees that can occur
The easy withdrawal facility offered by the brokers can attract you to join their platforms. However, before opening an account, you should check the fees related to making withdrawals.
While most of the well-known CFDs brokers charge a certain fee for withdrawing money, with Pocket Option, you don’t have to worry about such a thing.
Pocket Option Withdrawal fees for domestic transfer | Zero |
Pocket Option Withdrawal fees for an international transfer | USD 10 to USD 20 based on the banking or card partner |
No matter what amount you want to transfer from your Pocket Option trading account to your bank account, the broker will not ask you any fees. However, this rule is only valid for domestic transactions.
Well, for international transactions, the broker may charge up to USD 20. So, prefer to go through all the rules and regulations mentioned on their official site before placing your requests.
Minimum withdrawal amount with Pocket Option
Are you worried about the minimum Pocket Option withdrawal that you can make? Well, don’t worry at all. The minimum withdrawal limit is very low.
| Pocket Option minimum withdrawal amount | USD 10 |
It may be noted that withdrawing an amount lower than the minimum amount, i.e., USD 10, can make you deal with a fee. You can see the charges on the withdrawal menu. Besides, to know about this, you can get in touch with the customer support team of Pocket Option.
Even though all the trading accounts are available in USD, you can easily withdraw money to your account in your desired currency based on the payment method.
The fund will get converted into your regional currency within a few hours after receiving the payment. As discussed above, the broker doesn’t charge any currency conversion and withdrawal fees.
But the payment system that you have selected may apply a fee. All the requests will be processed within one to four working days. If you want, you can also cancel your withdrawal request anytime you want.
Possible issue when withdrawing funds from Pocket Option trading account
As per the review, the Pocket Option Withdrawal process is quite easy and simple to follow. It doesn’t even involve any complex requirements, and the average processing time for a withdrawal request is 24 hours.
However, sometimes, the users may face different issues while withdrawing funds from the trading account to their bank account. Such issues can delay the procedure. Well, here we have mentioned some possible causes of issues that you should know.
The users have not offered sufficient information
When it comes to creating a trading account and withdrawing funds from the account, you should keep in mind that your online broker will request some details from you. Now you might be wondering about what is the reason behind this.
Well, most online CFD trading brokers have KYC policies, and based on their rules and regulations, they will ask you for your personal information. Well, all the personal details will be verified during the Pocket Option Withdrawal procedure.
All the details will be safely saved for your trading account by Pocket Option. If any person wants to steal the details, they can do that. Your broker will recognize the information.
Every time you make any request, before processing the requests, Pocket Option would ask you to verify your personal details. This is quite common while making your first Pocket Option Withdrawal.
So, prevent withdrawal request rejection or delay, ensure to provide current personal information to your broker.
Your making withdrawal using different cards
One of the most crucial measures that Pocket Option takes to avoid money laundering on their platform is to deposit and withdraw money utilizing the same debit or credit card.
So, if you are a new investor and want to make your first deposit with Pocket Option, ensure that you are using a method that you can use in the future. If you are using a debit card to deposit funds, you should use the same debit card while withdrawing funds.
If you currently don’t have access to your debit card, you may not be able to withdraw your money from your Pocket Option’s trading account.
It is advisable to choose a broker who has a strict money laundering policy. Such brokers make sure that their trading platforms are now trading money that has been illegally obtained. So, if you are facing issues while making Pocket Option Withdrawal, you should use the same method that you used for depositing money.
Third-Party withdrawals
It has been seen that some traders make mistakes by requesting withdrawal using third-party accounts. That means withdrawing funds from others’ bank accounts or cards. Well, if you are making the same mistake, you should keep in mind that the Pocket Option doesn’t allow any third-party withdrawal option.
You should not consider this as a drawback of Pocket Option as the broker has issued such rules for the traders’ security. Such initiatives keep your trading account protected. So, remember to make your withdrawal requests in your registered bank account.
For more detail, you can visit the official site of Pocket Option and go through the withdrawal rules properly.
Conclusion
If you think about withdrawing from a Pocket Option trading account, then you are wrong. This detailed review clearly shows that the Pocket Option Withdrawal is straightforward. All you need to do is raise a withdrawal request, and the broker will process the request within 24 hours.
As per the information mentioned on the official site, the Pocket Option returns the user’s money to the source. For example, the users deposited using a debit card, they would need to withdraw funds back to the same debit card.
Besides, all the withdrawal requests are subject to the broker’s hierarchy rule. That means, if the user has deposited money through multiple methods, he/she should withdraw the total money deposited each way in the set order.
For instance, the first withdrawal should be made using debit cards, then credit cards, PayPal accounts, and in the last, the users can use bank wire transfers.
Besides, the broker doesn’t charge any fees from the users while withdrawing funds. However, you should keep in mind that your banking partner or card issuers may charge fees.
So, if you are looking for a trusted online broker that doesn’t charge any fees, you can always trust Pocket Option. For more detail, please prefer to go through the information mentioned on the official site.
FAQ – The most asked questions about withdraw money on Pocket Option:
How long will my withdrawal be pending on Pocket Option?
As a regulated online broker, Pocket Option always tries to complete the withdrawal process as soon as possible. So, when using this platform, you will not face a longer Pocket Option Withdrawal duration. Based on the payment methods, you can get your money within a few days, up to 5 working days.
Why have I not received my money?
In general, bank withdrawal for local fund transfers can take around two to three working days. On the other hand, international fund transfers can take around five working days. If you are using your credit or debit card, then it may take your card issuer around six working days to credit the funds back to the account.
How long does it take to withdraw money from Pocket Option?
Pocket Option is quite popular for offering faster withdrawal time. Once you create a withdrawal request, the broker will process the request within 24 hours. For faster transactions, you can choose an e-wallet as your withdrawal method.
How can I verify my bank account?
If Pocket Option asks you to verify your bank account, then you need to provide your broker with a photo, screenshot, or a scanned copy of your bank account statement that can show:
Your bank account number
You name
Your bank’s emblem and logo
Your current address
Is it possible to withdraw money if the card has been replaced or expired?
Before you can withdraw your money through any alternative methods due to your card being stolen or expired, Pocket Option will ask you for documentation from the bank that can prove that your card has expired.
As per the official site, your bank-issued documentation should include; the name of the card owner, the card’s last four digits, and a statement proving the particular card is no longer in service. You can mail the document to Pocket Option.
What is the usual tenure to withdraw money from Pocket Option?
By now, it must already be known to you that the tenure to withdraw money in the pocket option is superfast. After you have created the withdrawal request, the broker doesn’t delay and instantly processes the request within a duration of 24 hours. If you want to make the process even faster, then we would recommend that you choose an e-wallet as a withdrawal method.
Does Pocket Option have a withdrawal fee?
It has been observed that the Pocket Option withdrawals are usually free of charge; they do not require any additional fees. The rule is the same for deposits as well. When you are withdrawing your funds using electronic payment methods or even credit cards or e-cards, there are no additional fees that are charged to you. But, it is also seen that there is some withdrawal process that charges a negligible amount of fees.
What is the minimum withdrawal from the Pocket Option?
On average, it can be said that the minimum withdrawal amount on the Pocket Option is $10.
How does Pocket Option withdrawal work?
Withdrawals at the Pocket Option are a breeze. Of course, you should have enough funds in your trading account because the minimum withdrawal amount is 10 USD. Then click on your profile and select the “Withdrawals” tab. Choose your preferred withdrawal method and continue the process until you are done. It is required that you have an active and verified trading account; then, nothing should go wrong.
How long does Pocket Option withdrawal take?
Usually, when it comes to withdrawing your funds from Pocket Option, it will hardly take a span of 24 hrs. The process is generally quick, and it is usually done within the very next day. But it might not always be the same always. For there are certain special situations when the withdrawal methods can take a duration of nearly 5 days for the entire fund to come back to your account. It can be said that, on average, it might take 1-3 days to complete the withdrawal process.
Last Updated on January 27, 2023 by Arkady Müller
