FinmaxFX Funds Withdrawal

FinmaxFX is a fairly young forex broker, which appeared on the financial market only three years ago. During this period, the company has managed to gain popularity due to the convenient terminal, favorable terms of cooperation and lack of problems with deposit and withdrawal.

Withdrawing funds from Forex brokers

Withdrawal of funds is one of the most important processes in trading activities, because in addition to the fact that money must be earned, it must also be withdrawn. Only the successful withdrawal process can indicate that the broker is reliable. Most well-known brokers ensure the safety of their clients’ accounts and also allow withdrawing funds only after the verification procedure. Moreover, some brokers allow withdrawing funds only in the same way they deposited their funds.

Withdrawal methods at brokers

Among binary options brokers, the following ways of withdrawal of earnings are available:

• bank card or bank transfer;
• to the e-wallet payment system;
• in the form of Cryptocurrencies.

Withdrawal fees

Brokers offer different conditions of cooperation to their clients, so the commission depends directly on the company. Also, the amount of commission may depend on the status of the account and the selected tariff plan. The average withdrawal commission is 2-3,5%, depending on the method of withdrawal of earnings.

Withdrawing Funds from FinmaxFX

To withdraw funds, the user can use the following methods:

• bank card or bank transfer;
• electronic wallets – QIWI, Yandex.Money, Webmoney;
• payment systems – ePayments, Skrill, Neteller;
• Bitcoin.

The minimum amount to withdraw is $10. If you withdraw via bank transfer, the minimum amount increases to $250/euro. Withdrawal of earnings through cryptocurrency is possible from 50 dollars/euros. The broker charges a commission from the first withdrawal.

How to withdraw funds from FinmaxFX?

To withdraw funds from the broker, you must first complete the verification process at the website finmaxfx.com. After confirming your identity, you need to log in to your account and go to the “Withdrawal” tab.

Next, the user should fill out the withdrawal form, which should include the following information:

• amount and currencies;
• output method.

After processing, the application goes to the managers of the company for processing. On average, a request for withdrawal can be processed for up to five banking days. For VIP accounts, the waiting time is reduced to 48 hours.

Withdrawal fees

The broker has the following commission for the withdrawal of earnings:

• credit card – 3.5%;
• bank transfer – $25/euro;
• Yandex.Money – 3.5%;
• Neteller/OKpay – 3.5%;
• Perfect Money/Skrill – 2%;
• Qiwi – 3.5%;
• Webmoney – 0.9%;
• Bitcoin – 7%.

Minimum withdrawal amount

The minimum amount to withdraw directly depends on the method:

• bank card and electronic payment systems – from $10;
• bank transfer – from 250 dollars/euro;
• cryptocurrency – from $50/euro.

Withdrawal speed at finmaxfx.com

Withdrawal can take up to five banking days. For VIP accounts, the withdrawal of earnings is reduced to two days.

Conclusion

FinmaxFX (cash out) is a young broker, which quickly gained the trust of traders. The company provides clients with favorable conditions and the ability to safely store and withdraw earnings. For the withdrawal of funds is available in most ways that are available among the brokers. There are loyal commissions on the site.