How to withdraw money on XTB- Withdrawal tutorial
Table of Contents
It is the dream of every investor to make profitable trades. A trader likes to enjoy the outcome of his trading decisions in terms of money. He can enjoy these benefits only if he can withdraw these profits from his trading account as and when he wants to.
Most trading platforms offer hassle-free withdrawal to their users. XTB is one such online trading platform. However, some brokers convert the withdrawal process into an intense headache for their clients. They make the withdrawal a complex and lengthy procedure.
XTB withdrawals are hassle-free and less time-consuming. You can withdraw funds from your XTB trading account whenever you want to. The only thing you have to do is click on the withdrawal option.
XTB’s online trading platform is one of the most trusted and reliable trading platforms. Many traders invest their trust and life’s saving through XTB. This online trading platform helps you trade CFDs, forex, and other marketable assets.
XTB also offers a hassle-free account opening process to its users. You can simply sign up for an online trading account by entering your email ID and other relevant details. Once your trading account starts functioning, you can deposit funds into it and invest these funds as you like.
You can easily make profits on your trades once you learn the art of fund management. When that time comes, you might want to make an XTB withdrawal of your trading profits. For anyone who is new and wants to learn how to withdraw funds from their XTB account, we are here to help them.
Here, we will discuss everything to know about XTB withdrawals, payment methods, and other relevant details.
The process of withdrawing funds from your XTB trading account is very straightforward. The below section will help you understand how you can withdraw funds from your XTB trading account.
How to withdraw money?
You can follow these steps to withdraw funds from your XTB trading account.
- Visit the XTB website and log in to your trading account by entering your login credentials.
- After logging in to your xStation or client office, click on the ‘withdraw’ option. Clicking on this option will open the list of payment methods available for you.
- You can select a bank account to which you would like to withdraw your funds. You can add multiple bank accounts to your XTB trading account.
- After selecting a bank account, enter the amount you want to withdraw from your XTB trading account.
- Before entering an amount, make sure that sufficient funds are available in your trading account. You must also ensure that there are still enough funds in your trading account to cover the margin requirements for your open trades.
- After entering an amount of your choice, click on the ‘Confirm’ option. After confirming your payment, you can wait for the amount to get credited to your account.
These steps will help you withdraw funds from your XTB trading account. You only need to login into your trading account and click on the ‘withdraw’ tab.
You can select the trading account you wish to make an XTB withdrawal and enter the amount you want to withdraw. Once you see the confirmation dialog box on your screen, you can sit back and wait for your account to get credited with the funds.
Following these steps will help you submit an XTB withdrawal request instantly. XTB processes your withdrawals in the minimum possible time and sends them to your preferred payment method.
XTB supports bank transfer as a payment method that you can use to deposit and withdraw funds from your account. Let us discuss the withdrawal method supported by XTB.
Available payment methods
You can conveniently withdraw funds from your XTB trading account through your bank account. Also, XTB supports only Bank transfer as the withdrawal option.
Payment methods | Availability |
Bank transfers | Yes |
Credit/debit cards | No |
Electronic wallets | No |
To withdraw funds through your bank account, you can add all the relevant details of your bank account to your XTB trading account. The online trading platform will save your bank account after verifying it. You need to verify your bank account only once in the beginning.
After the verification, all your withdrawals get processed into the bank account you added to your XTB trading account.
Verifying your bank account with XTB is not much of a hassle either. Let us tell you how to substantiate your bank account to receive your XTB withdrawal.
How to verify your bank account with XTB?
Before requesting an XTB withdrawal, you have to verify your bank account. It is crucial to do so if you want to receive your funds in the bank account of your choice.
To verify your bank account, you need to provide details such as
- Bank account country
- Bank account number
- Bank name
- Currency
- Bank statement
Entering these details will help verify your bank account with XTB. You may upload a scanned image of your bank statement, which mentions all your bank account details. You should note that this statement should not be older than three months.
Once your bank account gets verified, XTB will initiate your withdrawal process at the earliest.
The following section will clarify how long it will take for XTB to process your withdrawal request.
How long does it take to withdraw money from XTB?
XTB has different protocols for different regions for processing the withdrawal request of its clients.
If you are dealing with XTB Limited (UK), your withdrawal will get processed within the same day. However, you must ensure that you make an XTB withdrawal request before 1 PM (GMT). The processing takes place the next business day for the withdrawal requests submitted after 1 PM (GMT).
XTB Limited (CY) will process your withdrawal no later than the next business day they receive the withdrawal request.
The standard XTB withdrawal processing time for XTB International Limited is one business day.
Broker name | Withdrawal processing time |
XTB Limited (UK) | Same day if requested before 1 PM (GMT) |
XTB Limited (CY) | 1 business day |
XTB International Limited | 1 business day |
It is the time that XTB takes to process the withdrawal from its end. However, it might take longer for the funds to reach your bank account. The bank transfers usually take 3-4 business days to complete the transaction. So, if you are requesting an XTB withdrawal, you will have to wait for 3-4 days for the funds to be visible in your account.
Minimum withdrawal amount
While submitting your request for an XTB withdrawal, you should be aware of the minimum withdrawal amount. The XTB withdrawal minimum amount varies according to the currency in which you withdraw your funds. There is a different minimum deposit amount for the account holders of XTB entities.
Broker type | Minimum withdrawal amount |
XTB Limited (UK) | 60 GBP, 80 EUR, 100 USD |
XTB Limited (CY) | 100 EUR |
XTB International Limited | 50 USD |
If you have your trading account with XTB Limited UK, the minimum withdrawal amount is 60 GBP, 80 EUR, or 100 USD.
For the investors who have their XTB trading account with XTB Limited (CY), the minimum withdrawal amounts to 100 EUR.
The XTB minimum withdrawal amount is 50 USD for the investors who have their trading account with XTB International Limited.
The minimum withdrawal amount shields you from paying any withdrawal fee to the broker. The subsequent section will help you know if there is any fee for requesting an XTB withdrawal.
Fees that can occur
Most online trading platforms offer the facility of free deposits to their clients. However, the same cannot be true for withdrawals also. Some brokers charge withdrawal fees from their clients if they want to withdraw their funds.
XTB relieves its clients from the stress of paying any withdrawal fee. When you request an XTB withdrawal, you don’t pay to pay a penny to XTB. However, there is a minimum withdrawal amount that a user should withdraw. Withdrawing an amount less than the minimum amount mentioned above can cause you to incur a withdrawal fee.
Withdrawal threshold | Withdrawal fee for withdrawals below the threshold |
100 USD | 20 USD |
80 EUR | 16 EUR |
60 GBP | 12 GBP |
12000 HUF | 3000 HUF |
If you make an XTB withdrawal for less than 100 USD, you will have to pay a withdrawal fee of 20 USD. If your withdrawals are less than 80 EUR, an amount equivalent to 16 EUR will be applicable as a withdrawal fee.
60 GBP is the minimum withdrawal amount if your withdrawal currency is Pound. For withdrawal requests less than 60 GBP, the users have to pay a withdrawal fee of 12 GBP.
For people dealing in HUF, the minimum withdrawal amounts to 12,000 HUF. XTB Withdrawals less than 12,000 HUF will cost you a withdrawal fee of 3000 HUF.
XTB covers all the transaction fees of its bank. That is why it does not charge any withdrawal fee for you for transactions above the minimum withdrawal amount. Since bank transfer is the only withdrawal option, you might have to bear a conveyance or handling fee charged by your bank to process the international transaction. XTB does not cover this fee.
Problems or issues with XTB withdrawals
The process of XTB withdrawal is smooth. However, beginner or even experienced traders can encounter problems while requesting XTB withdrawal. Here we will discuss those problems and find appropriate solutions for them.
Third-party withdrawals
Many traders make the mistake of requesting withdrawals through a third-party account. It is only a waste of time trying to get your withdrawal processed into a third-party account. XTB will process your fund withdrawal to your bank account only after verifying your account.
If you try to get your funds withdrawn into a third-party account, XTB will decline your request. It is because third-party withdrawals are against the legal regulations. They are a threat to your privacy also.
Credit cards/ debit cards/ electronic wallets withdrawal
While you can use your credit card, debit card, and electronic wallet to deposit funds to your XTB trading account, you cannot use these options to withdraw funds. The XTB withdrawal option is limited to bank transfers only. So, if you deposited funds into your XTB trading account using your credit card, debit card, or electronic wallet, you can withdraw funds using a bank transfer.
Joint bank accounts
If you are thinking about funding or withdrawing money from your XTB trading account through a joint account, this could be the wrong idea. Your request for XTB withdrawal will not get approved if the joint account you are adding to withdraw funds is not listed with the broker.
However, if you want to add a joint account for funding and withdrawing money from your XTB trading account, you should be one of the account holders. Therefore, you can register a joint account in advance, of which you are one of the owners, with XTB to withdraw your funds.
Transferring funds between your real trading accounts
If you use more than one XTB real trading account, it is possible to transfer funds between them. However, you can transfer funds only if you deal in the same currencies in both trading accounts.
As XTB does not perform currency conversions, you will not be able to transfer funds between two trading accounts if dealing in different currencies.
If you want to transfer funds between your real trading accounts, you can click on the ‘transfer’ option available on the dashboard. After this, you only need to select the trading accounts between which you want to transfer your funds and confirm the transfer.
XTB reviews
XTB came into being in 2002, and since then, it has never compromised on the quality of service it provides to its clients. As a listed and publicly traded broker, XTB is a reliable platform for trading CFDs and forex.
XTB rates as an online trading platform with low risk. It has a robust selection of trading tools and features to help you enhance your trading experience with the broker. XTB also offers many educational videos and written content to beginners to help them learn the basics of trading.
Opening a trading account with XTB is not a hassle for people. One can easily sign up for an XTB live trading account by entering the details such as email ID, contact number, address proof, etc.
Once a trader signs up for an XTB live trading account, he can invest his funds in many CFDs, stocks, indices, commodities, cryptocurrencies, forex, etc. XTB offers many investment choices, attracting many investors to this online trading platform.
Conclusion
XTB withdrawal is a very straightforward process. A trader can withdraw funds from his XTB trading account once he makes reasonable profits. Withdrawing funds from your XTB trading account involves only a few steps. You can take out your funds by logging in to your XTB trading account, clicking on the withdrawal button, and selecting the bank account in which you want to transfer your funds.
XTB offers only bank transfers as the fund withdrawal option. You cannot use your credit card, debit card, or electronic wallet to request an XTB withdrawal. It is the only drawback of trading with XTB. However, you can add multiple bank accounts to your XTB trading account. You can get your fund withdrawal in any of these bank accounts.
You don’t have to pay any withdrawal fee to XTB for withdrawing funds from your trading account as long as you take out funds above the minimum withdrawal threshold. If you request a withdrawal of an amount less than the minimum withdrawal, you will have to incur a withdrawal fee. Overall, XTB is a trusted online broker and the choice of many investors. If you want to trade with XTB, you can sign up for a live trading account today.
FAQs – The most asked questions about withdraw money on XTB:
How can I withdraw funds from my XTB trading account?
You can withdraw funds from your XTB trading account by clicking on the ‘withdraw’ option after logging in to your XTB trading account. After this, you need to select a bank account in which you want to get your funds transferred. Finally, you can enter the amount you want to take out from your live trading account and submit your withdrawal request.
Which payment method can we use to withdraw funds from my XTB trading account?
XTB supports only bank transfer as a fund withdrawal method. You cannot use the option of a credit card, debit card, or electronic wallet to request for XTB withdrawal. But, you can add more than one bank account to your XTB trading account to deposit and withdraw funds.
How long will my withdrawal be pending on XTB?
Mostly, XTB will process your withdrawals within 24 hours. However, the duration varies according to your location. XTB Limited (UK) processes your withdrawals the same day if they are made before 1 PM (GMT). On the other hand, XTB Limited (CY) and XTB International Limited will process your withdrawal request within one business day.
Does XTB charge any withdrawal fee from its users?
No, XTB does not charge any withdrawal fee from its users as long as the withdrawal amount meets the threshold limit. It means that you should adhere to the minimum withdrawal requirements if you want to avoid XTB withdrawal fees.
Can I request an XTB withdrawal into a third-party account?
No, you cannot get your XTB withdrawal transferred to the account of a third party. You can get your XTB withdrawal only in the bank account you hold indisputably. It is against the legal regulations to deposit or withdraw funds through a third-party account, and XTB does not support it.
What is the maximum tenure for withdrawal to be pending on XTB?
Generally, it takes 24 hours for the withdrawal to process. But the duration largely depends on the location that you are in.
What to keep in mind when withdrawing from XTB?
When you are withdrawing money from a bank account, the process is totally different when compared to withdrawing from XTB. Different from some rare options, it can be said that the withdrawal process is hardly instant. But it must also be kept in mind that if you have probably invested all your funds, then it is advisable that you close some for you to withdraw funds later when needed.
How long does it take to withdraw from XTB?
The process is simple. After having closed some of your positions, it is essential for the broker that they might require some time to arrange for the funds for you to be able to withdraw. Generally, it takes 1 day for the withdrawal process to be executed in XTB.
Is XTB safe?
Whenever you are considering investing and are about to trust the finances you have with a broker; then it is essential that you be sure that the broker you are relying on is genuine and trustworthy. When it comes to XTB, it can be considered a legit broker as it is often considered one of the top-tier regulators, which is one of the most important signs of trustworthiness.
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Last Updated on January 27, 2023 by Arkady Müller
