There are a number of options to choose from when it comes to withdrawing your money from Vantage Markets. What are they and how to do it?
Whether you are investing in the short-term or long-term, you'll want to enjoy your hard-earned profit. The only way to do it is to withdraw your funds from your trading account and transfer them to your bank account or e-wallet. At a glance, withdrawing money doesn't necessarily sound so complicated. However, the process might take some time depending on the broker and the payment method you use. The rules are different from one broker to another, so it's important to learn about deposits and withdrawals before signing up.
In this article, we're going to talk about how to withdraw funds from Vantage Markets, which is a well-known broker that is based in Australia. Let'' go straight into it.
Withdrawal Rules at Vantage Markets
Vantage Markets is a fully-regulated broker that has been around since 2009. In this broker, clients can withdraw at any time after they successfully complete their trades and have enough balance in their trading account. Clients can withdraw to their personal accounts by using a payment method that they prefer.
However, there are certain rules that every user must be aware of. If there's an issue in the account, the broker might postpone or even cancel the withdrawal request. This is why it's important to understand the terms and conditions below before withdrawing from Vantage Markets:
- You need to have a sufficient balance in your account in order to initiate a withdrawal. Pay attention to the minimum and maximum withdrawal limits depending on the payment method you use.
- According to the AML/CTF laws, Vantage does not allow withdrawal to third parties. All withdrawals must go to a bank account in the same name as your Vantage account name.
- Withdrawals are processed only on working days (Mondays to Fridays) between 9:00 a.m. and 7:00 p.m.
- All withdrawal requests are processed according to the funding source of origination. This means you need to use the same withdrawal method as the deposit.
- The amount of withdrawal cannot exceed the original amount that you deposited.
- Vantage is not responsible for any losses suffered as a result of providing incorrect instructions or bank account details.
- Clients must be aware that withdrawal processes require certain information regarding the source of deposit and the client's wealth in general. The broker has the right to refuse processing a withdrawal request if the client does not provide all the necessary information.
- Vantage has the right to cancel your withdrawal request if your account is subject to a charge-back investigation.
See Also: Why is Your Withdrawal Rejected?
Available Withdrawal Methods
The withdrawal method that you choose can affect many aspects of your withdrawal in Vantage Markets. That includes withdrawal fees, processing time, and minimum deposit requirements. Here are the withdrawal methods available on Vantage Markets:
Unlike other brokers, Vantage accepts withdrawals from a wide range of banks, allowing traders from various regions and countries to make withdrawals using their local methods. If you are using your local bank, no fees will be charged. But if you are using an overseas bank, you will be charged a certain amount of fee depending on the bank.
Banks supported by Vantage Markets are:
- International Banks
- Thailand Local Banks
- Malaysia Local Banks
- Vietnam Local Banks
- Indonesia Local Banks
- Philippines Local Banks
- Nigeria Local Banks
- India Local Banks
- Laos Local Banks
Both debit and credit cards are accepted at Vantage Markets, but the card types vary according to the country in which you reside. When using debit/credit cards, there is no minimum deposit requirement. Meanwhile, the maximum amount depends on how much you deposited with your card.
E-wallets are internet-based wallets that can store and transfer money digitally. Vantage Markets offers quite a wide range of e-wallet options that you can choose from, such as:
- Perfect Money
At Vantage Markets, there are two options to withdraw in cryptocurrencies:
- Bitwallet: You can send your funds directly to the Bitcoin software wallet.
- Exchange Wallet: You can withdraw your funds in USD to your wallet as BTC.
Steps to Withdraw from Vantage Markets
- Head over to Vantage Markets' official website and log in to your account.
- Choose "Withdrawal" or "Withdraw Funds" from the menu.
- Select the withdrawal method that you prefer and input the details.
- Input the amount of money that you wish to withdraw. Make sure that it's greater than the minimum requirement and less than the maximum limit.
- You can add a short description if you want.
- Complete your withdrawal order.
Vantage Markets Withdrawal Fees
All withdrawals at Vantage Markets are generally free except for a few exceptions below:
- You will be charged AUD 20 for making withdrawals via International Telegraphic Transfers.
- Withdrawals via Neteller will incur a 2% fee, which is a set fixed amount of $30 per transaction.
- Withdrawals via Skrill will incur a 1% fee of the withdrawal amount.
In general, withdrawing money from Vantage Markets is considered quite easy and straightforward. The various option of payment methods is also a great benefit for traders from all around the globe. You can simply withdraw your money straight to your local bank, credit card, or e-wallet. Some withdrawals can be processed instantly, while others may require several business days.
If you're interested to make an e-wallet account but still undecided on which one, these 5 Top E-Payments for Forex Deposit and Withdrawal can be a good recommendation.
Jan 29 2023
Previously, I was very unfamiliar with this Vantage Markets broker. From all your explanations, I feel the application is very detailed in explaining the conditions for withdrawing funds. Even though I don't know about the products offered by Vantage Markets, I think the withdrawal service at this broker is pretty good and very detailed.
Well, even though there are things that don't suit me, namely withdrawal fees, which are not all free or free of charge like Neteller. But that's not really a problem, because only a few methods have withdrawal fees. For the rest, there is no charge. but there is something that makes me curious because I have never heard of this broker. How can I be sure that this broker is safe to use in trading and as a place for our funds to be stored? So maybe someone who knows can help explain...
Jan 29 2023
Keylen: OK, buddy, let me explain. Even though I am also not a user of this broker, I have studied this Vantage Markets broker several times. If you ask whether this broker is safe or not? I feel safe, okay? because this account is also regulated by the Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), and Vanuatu Financial Service Commission (VFSC). Wow, those are all the regulators that are usually considered to be the best regulators in the world, especially the FCA.
Client funds are held with the National Australia Bank. This bank has the highest rating and a market capitalization of over $93 billion. It is one of the safest banks in the world, and client funds are kept separate from company funds. and you know that National Australia Bank is included in the top 20 banks in the world. in my opinion, Broker Vantage Markets is one of those brokers that offer a very high level of security for your funds and account.
Jan 29 2023
Christopher: OK, I also confirm your explanation that the Vantage Markets broker is a safe broker for trading and saving your funds. This broker is also registered in the Cayman Islands and Vanuatu which are not easy places to get regulated. Any deposits are covered by the Investors Compensation Fund or the Financial Services Compensation Scheme in the UK.
there is also the FCA regulation which is one of the best international regulators. However, this is disadvantageous for Vantage Markets UK Clients in my opinion, as the FCA imposes strict restrictions on CFD trading. consequently, UK Clients can only trade with a maximum leverage of 30:1 if they wish to have negative balance protection. I guess any trader who trades with such low leverage will not be satisfied. so there must be some who force trading with higher leverage but can't get negative balance protection.
Mar 6 2023
Benjamin: " this is disadvantageous for Vantage Markets UK Clients in my opinion, as the FCA imposes strict restrictions on CFD trading"
The trading terms are only for UK trader and it will not applied when you are not an UK Trader. In fact, the regulation that you might get as global trader is between VFSC (Vanatuna) and CIMA (Clayman Islands) regulator or I can said the regulator from offshore that actually have really not strict terms and policy. The question here is it safe to trade with such low profile regulator?? The answer is yes if brokers also regulated in 1 tier regulator such as FCA UK. But if the brokers only regulated in offshore regulator only, you need to becareful since the offshore brokers also known of weak in monitor their broker.
Jan 29 2023
Wow, it turns out that the conditions for withdrawing funds at the Vantage Markets broker are quite simple, yes, and also free of charge, although there are one or two withdrawal methods that have a withdrawal fee. The withdrawal method is quite complete and very varied, making it easier for traders to choose which method.
However, in the withdrawal conditions at the Vantage Markets broker, there is a stipulation that withdrawals are only processed from Monday to Friday, starting between 09:00 and 19:00. However, the article does not explain the terms of the hourly area that this broker uses. Friends, if anyone knows, what time zone does this broker use? and also the funds in the Vantage Markets account can be in any base currency?
please, if anyone can help to explain the question I asked.
Jan 29 2023
Colin P: Hello @Col, I like your question. Indeed, I think that special traders who are interested in broker Vantage Markets should know the terms and conditions for withdrawals and what will be processed by this broker. This is usually done to avoid problems when withdrawing funds if it is not in accordance with the provisions of the clock.
So All withdrawal requests are processed from Monday to Friday, 09.00 – 19.00 (AEST), within one business day. So, if you don't know, AEST stands for Australian Eastern Standard Time. You can withdraw funds online by simply logging into the secure Vantage FX client portal and ing the withdrawal tab from the menu.
Well, actually I don't know about the terms of the base currency for withdrawals. As far as I know AUD, EUR and USD currencies are available at this broker. Maybe other friends can help explain this.
Jan 29 2023
Bernard: OK, I'm just helping to add to your explanation. So, it is true that the currencies AUD, EUR and USD are available for withdrawing funds at the Vantage Markets broker. The truth is that this broker provides eight base currencies for withdrawals, namely GBP, SGD, JPY, NZD, CAD, and not the currencies already mentioned.
So, as you know, the Vantage Markets broker provides many methods that can be used for withdrawals. So for each method there is a slight difference in the amount of base currency available. So usually for the Neteller method it only provides AUD, USD, GBP, EUR, SGD, and for Skrill it is available for 4 base currencies namely USD, EUR and CAD, and for other withdrawal methods it provides 8 base currencies.
Now, as explained in this article, Neteller and Skrill have withdrawal fees, which are 2% and 1% of the withdrawal amount, respectively.
Jan 29 2023
I am amazed by the many withdrawal methods provided by the Vantage Markets broker. They also provide a withdrawal method using Cryptocurrency which is very rarely provided by other brokers.
At Vantage Markets, you don't have to worry about the payout. Due to the regulations and licenses mentioned above, the broker is a very safe trading partner. Withdrawals work in the same way as deposits. you can make withdrawals simply by logging into the secure Vantage client portal and ing the withdrawals tab from the menu and ing whichever method suits you.
But I still have a question in my mind, the article explains that there is no minimum and maximum withdrawal limit for withdrawals, but does this no limit apply to all withdrawal methods? and also how long is the withdrawal of funds processed by this broker? Can you help explain, friends?
Jan 29 2023
Chloe: ok, my friend, let me explain... Well, as far as I know, there are many brokers that offer withdrawals without maximum or minimum limits, including the Vantage Markets broker, but of course, not all methods provide this service. So this broker does provide withdrawals without minimum and maximum limits, but there are only a few withdrawal methods, namely International bank transfers, Skrill, Bitwallet, Cryptocurrency-USD/BTC and Perfect Money. for other methods there are minimum and maximum limits.
For example local bank transfers Philippines and Nigeria provide a minimum withdrawal of 1 USD and a maximum of 1900 USD and 4800 USD respectively, and also the UnionPay/MobilePay method with a minimum withdrawal of 45 USD and a maximum of 4500 USD.
So, if you are a user of this broker and want to make a withdrawal, you can check the minimum and maximum conditions at the Vantage Markets broker.
If the withdrawal process takes a long time, I think the Vantage Markets broker is very fast compared to other brokers. This broker processes withdrawal transactions within 24 hours only. So, if your funds are needed in the near term, you don't need to worry.
Mar 6 2023
Why does it take some time for brokers to process withdrawals? Even when using a local bank, it can take up to 24 hours for the withdrawal to be processed. Additionally, some brokers require that the deposit and withdrawal payment options be the same, which is also the case with Vantage. If my country doesn't support Vantage's local bank, what is the best payment option to use and why? I would appreciate some clarification on this matter
Mar 6 2023
Jhon: Actually, there are a few reasons why there might be a. And the reason usually because the broker, include Vantage needs to sure that the withdrawal request is legitimate and not a fraudulent attempt. And this is also the reason why you need to use same payment option too. Deposit and Withdrawal need a verification process can take some time, especially if they need to reach out to you to confirm your identity or other details.
Another factor that can slow down the process is the payment method that you choose. Some payment options, like bank transfers, can take longer to process than others, like e-wallets or credit cards. So, basically, Vantage wants to make sure the trader's payment process is safe and reliable also avoiding money laundering.
Mar 6 2023
Goshh, finally I found the broker that offered e-wallet payment option especially it has Astropay. Actually I used FasaPay before but since I lost my email and the password also forgotten in FasaPay, I cannot acces my account. Fortunatrly there are no money in there. Because of that, since then, I used Astropay to make deposit and withdrawing at the previous broker. And because of one two things, I decided to stop trading with my old broker and find other brokers that have offered Astropay. It is hard to find the same payment option since the Astropay's option is not many brokers offer. So, yeah, I will tade in Vantage instead!! Thank you for the information, author!!
Mar 23 2023
What are the specific steps involved in the Vantage Markets withdrawal process, and what are the different withdrawal options available to traders? Additionally, what are the minimum and maximum withdrawal limits, and are there any fees or processing times associated with each withdrawal method? Furthermore, what documentation or verification is required by Vantage Markets in order to process a withdrawal, and what are the potential reasons for a withdrawal request to be rejected ored?
Mar 23 2023
How does Vantage Markets ensure the security and safety of its withdrawal process, and what measures are in place to protect traders' funds and personal information? Additionally, what recourse do traders have in the event of any issues or disputes arising during the withdrawal process, and what customer support resources are available to assist with these types of situations? Finally, what are the best practices for traders to follow when withdrawing funds from Vantage Markets in order to ensure a smooth and efficient process, and to avoid any potential pitfalls or complications?