When trading on Finpari, the deposit and withdrawal methods and conditions are an important factor to consider.
When it comes to binary options trading, like with most other types of trading, the main goal is to make money. This means that traders expect relatively easy access to the funds that they have accumulated trading with binary options.
This is why, when traders are comparing platforms and brokers, they often look at the withdrawal methods as well as the efficiency involved.
This is a deciding factor when trying to determine which broker offers the best services. Finpari is one such well-known broker, famed for their proficient withdrawal options (read our review here). Let’s take a look at the processes that are involved:
Finpari Withdrawal Methods
One of the reasons that Finpari is a preferred broker for many traders is due to the many withdrawal methods that this broker offers. As a trader, you are allowed to choose from three main forms – online payment methods, credit or debit cards, and bank wire transfers. There are many recognized financial authorities through which these transactions can take place.
You can choose to withdraw money from your account through numerous entities. These include Visa, MasterCard, American Express, JCB, UnionPay, Neteller, Perfect Money, WebMoney, Qiwi Wallet. OK Pay, AliPay, and even Bitcoin. Some of these methods can be utilized by traders all over the world. Some, however, are not available to traders in certain regions, and have specific restrictions.
For instance, AliPay can only be accessed by traders on the Asian continent. While Qiwi Wallet can only be used by individuals in Eastern Europe. Neteller can be used by traders in most places with the exception of the UAE and the United States.
Withdrawal Processing Time
Finpari makes quite a bold claim and this is one of the reasons that traders are drawn to the broker; Finpari assures traders that the majority of the withdrawals will be processed within an hour.
There are two factors that impact this processing time, nonetheless.
- The first is the verification process. If this is delayed in any way or disrupted, this will directly affect the time that it takes to process the withdrawal.
- The other element that influences the processing time is the withdrawal method itself. In most cases, the withdrawal process remains up to an hour. However, if as a trader you opt for either JCB, American Express, or UnionPay, the wait might be considerably longer. You can expect the withdrawal process to increase up to six hours if you use these methods.
Finpari Withdrawal Fees
The other thing that traders are concerned with is the withdrawal fees that may be involved. Finpari does not levy a charge against its traders for withdrawing their money.
At the same time, Finpari is not responsible for any fees that you may have to pay due to the third party involved in the transaction. If your bank, credit card company, or other financial authority charges a fee, this will have to be paid by you, the trader.
There are certain withdrawal regulations that have been set by Finpari. In order to withdraw your money, you will have to adhere to these policies.
- First, there is a minimum withdrawal amount in place. You have to withdraw a minimum of $50 from your account if you wish to do so.
- Second, there has to be a certain amount of money within your account for you to make this withdrawal. Finpari insists that its traders must have made at least 100 percent turnover from the amount that they have deposited.
Only in this instance will you be allowed to withdraw any funds. For accounts that have claimed bonuses, you will have to have achieved a 300 percent turnover before you can withdraw any money.
This is all the information that you are required to know about withdrawing money from Finpari. This is something that you will have to take into consideration prior to making your decision about brokers. Finpari even offers a great trading app. It can affect the way that you profit from your trades.