Can I Withdraw Money From 401k For Home Purchase

FXTRADING.com withdrawal at a glance

Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. To do that, first you have to withdraw money from your broker account.

That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee.

So how does FXTRADING.com fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from FXTRADING.com and how FXTRADING.com's withdrawal fees and options compare to some of its close competitors.

FXTRADING.com withdrawal fees and options snapshot
	FXTRADING.com	TMGM	Vantage FX
Bank transfer	Yes	Yes	Yes
Credit/debit card	No	Yes	Yes
Electronic wallets	Yes	Yes	Yes
Withdrawal fee	No withdrawal fee	Free withdrawal	Credit/Debit card and electronic wallet withdrawals are free of charge. One bank transfer withdrawal is free in each month, all additional withdrawals within the month are charged 20 unit of your account currency ($20, €20, etc.)

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and FXTRADING.com is no exception.

You can also withdraw money to electronic wallets. This is a nice feature that isn't available at all brokers. At FXTRADING.com, you can withdraw money to the following electronic wallets: PayPal, Neteller, UnionPay, Poli.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at FXTRADING.com and it took us 2 business days, which is considered fairly average.

To withdraw money from FXTRADING.com, you need to go through the following steps:

Log in to your account
Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
Enter the amount to be withdrawn, and, if prompted, a short reason or description
Submit your request

Please note that you may only withdraw money to accounts that are in your name.

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions.

We have good news for you: basic withdrawal at FXTRADING.com is free of charge. See the table below for details and possible exceptions, as well as how FXTRADING.com compares with some of its immediate competitors.

FXTRADING.com withdrawal fees
	FXTRADING.com	TMGM	Vantage FX
Domestic bank withdrawal	No fees charged	Free withdrawal	Free for bank withdrawal in Australia
International bank withdrawal	No fees charged	There is a $20-30 processing fee	One bank transfer withdrawal is free in each month, all additional withdrawals within the month are charged 20 unit of your account currency ($20, €20, etc.)
Credit/debit card withdrawal	Not available	Free withdrawal	Free for credit/debit cards
Electronic wallets withdrawal	No fees charged	Free withdrawal	Free for Skrill, Neteller, and

Want to stay in the loop?

FXTRADING.com withdrawal is free of charge in most cases and you have multiple options for withdrawing your money, making it relatively easy to access your funds.

To see how FXTRADING.com's withdrawal fees and options stack up against the rest of the brokerage market, check out our broker comparison tool.

Author of this article

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology