Home → Results → Withdrawing money from Olymp Trade
One of the most pleasant moments for a trader is the receipt of funds to his details. Studying the market, testing multiple strategies, getting to know different trading platforms, and so on, only makes sense if we make a profit.
The company is one of the largest binary options brokers in Russia and the former CIS. You can read more about this organization in a special review, but here I will remind you of only a few of its important features:
- Free demo accounts upon registration;
- Real deposits from 350 rubles;
- Binary options from 30 rubles;
- The company's activities are regulated;
- It has a cool trading terminal and the ability to increase the return on assets up to 90% (read how to become a VIP client of the broker).
Withdrawing money from Olymp Trade
Whatever may be said about Olymptrade, reviews regarding payouts are generally good. Ease of withdrawing money and no commission are the advantages of a broker. But there is also a significant drawback - it takes longer to withdraw funds than its competitors. The Olymp Trade operator checks the application within 5 days, and the banking transaction lasts up to 3 days. As a rule, payment is processed faster and takes 2 or 3 days. Olymp Trade has the opportunity to buy VIP status. Then your request will be accepted first, and the withdrawal will take no more than a day. Other brokers have it a little easier. For example, Binomo pays out money in one day completely free of charge.
To cash out your earnings, first fill out a withdrawal request:
- On the Olymp Trade website, go to the menu or personal account and select “Withdraw”.
“Withdraw” command in the menu on the main page of the site.
- In the window that appears, enter the required amount. But keep in mind that you can cash out at least 10 dollars, 10 euros or 350 rubles, depending on the currency of your deposit.
Application form for withdrawal of funds.
- Click "Submit Application".
That's all, the request has been processed. Remember that the money will go to the same e-wallet or card from which the account was replenished.
Types of cards and payment systems with which Olymp Trade cooperates.
When withdrawing any amount from the system, all gifts from the broker are burned. So the bonus itself cannot be cashed out, but profit from it can be cashed out.
Reviews about OlympTrade
The fastest method by which you can find out whether a broker is withdrawing money is to read comments from traders on thematic forums. There are a lot of similar sites, but you still need to be able to correctly distinguish real reviews about Olymp Trade for withdrawing money from false ones. Many comments were commissioned. Therefore, you can often see situations where in one review the broker supposedly pays out funds without any problems, but in another the trader was unable to receive them.
To understand where the truth is and where the lies are, you need to listen only to those comments that have confirmation.
For example, a review is accompanied by screenshots or videos showing the fact that money was withdrawn. The photo below shows an example of a real comment.
Only from such reviews can you find out the truth about withdrawing funds from different brokers. But it should be taken into account that in negative reviews a true case is also noted. Rarely, there are messages in which traders complain about the account being blocked for no reason or all the money in their personal account being burned. But later the situation is resolved and it turns out that the trader himself is to blame for the refusal to withdraw funds. The broker's rules state that prohibited additional programs cannot be used for trading. Because of their use, the user's account is blocked.
As a result, we can say that reviews about withdrawing funds from Olymp Trade are different. But if we take into account only those comments that do not raise doubts, then we can say the following - the OlympTrade broker withdraws money without problems if the rules have not been violated.
If he suspects fraud, he will not be able to withdraw funds. It is not known how, but company employees quickly determine whether any fraud has been committed on the account.
Read our review about Olymp Trade.
Video
Verification
Financial control authorities require all brokers to issue money only to verified users. Before you take your earnings from Olymp Trade, you must confirm your identity with documents. The purpose of this procedure is to protect your funds from fraud. But there is no need to send documents in advance. If your account requires verification, the broker will send an email with detailed instructions. Typically you are asked to provide the following documents:
- color scan or high-quality photograph of your passport or international passport;
- photo of a utility bill or driver's license.
The verification process takes a maximum of one day.
Advantages
The company does not limit users in the amount and number of withdrawal requests. Processing applications almost always takes no more than a day. There are several more advantages:
- Requests from VIP clients are processed with priority , money is credited to the account without delay.
- All users undergo verification - this ensures transparency of the terms of cooperation with the company.
- The broker's regulator guarantees that there are no problems with the withdrawal of profits at any stage.
What to do if the money has not arrived?
If 5 days have passed after completing the application and the money has not been received, do not rush to be indignant. In any case, you will receive your earnings.
- If it is indicated that the application is still being processed, contact the Olymp Trade support service.
- If the status is “Payment successfully made,” then the money has already been transferred to the bank that services your card or wallet. In this case, you need to call the bank and find out the reason for the delay.
- You may be transferring to an e-wallet that has exceeded the maximum amount for deposits and withdrawals per day. In this case, representatives of the payment system will help you.
Deadlines
Reviews of Olymp Trade regarding withdrawal of money say that previously the broker withdrew funds in five days. Now all requests are processed within 24 hours. Money is received in the bank account within 1-3 days. Larger amounts take a little longer to withdraw.
If the brokerage company suspects the trader of dishonesty, then the withdrawal of funds may be somewhat delayed due to the need to conduct additional identity checks. The speed of receipt of money into a bank account also depends on the banking institution, i.e. how quickly the bank processes the application.
Restrictions and limits
The site is very zealous about safety precautions, so clients should be prepared for the close attention of the site’s technical team. In particular, this concerns the need to comply with trading rules. If the administration requirements are violated and prohibited methods are used, the personal account may be blocked without the possibility of restoration and debiting of personal funds.
There are also restrictions on the possibilities of using cards and wallets. You cannot withdraw funds to the balances of those media that do not belong to the broker himself. This may also be considered fraud.
An additional way to protect clients is verification. This procedure involves providing the following documents upon request:
- scanned copies of some pages of the passport (it is imperative that the client’s photograph is legible, as well as a personal signature);
- a scan of a bank card, if it is used to write off money;
- a photograph of the user along with a passport (to compare the photograph of the person in the documents with the person in the photo).
Such verification is not always required, and the requested package of files may be different, but no more than specified above. And providing all files is mandatory, since if there is no response from the client, the account may be blocked due to suspicion of hacking.
Reviews about the withdrawal
Of course, it is better to see once than to hear a hundred times. Better yet, check it yourself once. The instructions on how to withdraw money from olymptrade are so simple that no additional video is needed. True, you may be interested in reviews from real traders, or more precisely, how truthful they are.
No one doubts the reliability, if only because any client can write a review, even if he has a demo account (demo version). In addition, almost all reviews are positive, although there is some negativity. For example, some traders claim that their deposit was completely burned because Olymp Trade blocked the account. Subsequently, it often turns out that the client was simply trading with a special program, and the company’s rules prohibit the use of such tools.
Summary
With the withdrawal of money to olymp trade everything is clear: no commissions and no restrictions on the upper level. The application can be submitted in 10 seconds, the minimum withdrawal is 350 rubles - exactly enough for 2 cups of coffee. We wait a day, maximum three working days - and the money is in our wallet. We don’t take them out somewhere, but in exactly the same way as we brought them in. We don’t use programs – we trade honestly. The broker is reliable, and therefore expects the same attitude from clients. Everything ingenious is simple: as the company develops, so does the trader.
Good luck and profit!
Price of income transfer services
So what are the prices for translation services? Most often, traders who have worked for quite a long time set themselves the task of finding an answer to the question posed. The Olymp Trade organization differs from other companies - there are absolutely no additional commissions charged, therefore, the trader can withdraw the money he has earned as much as he needs. However, you should never forget that the minimum amount for withdrawal is 10 dollars/euro. You cannot withdraw a smaller amount.
Methods for replenishing deposits and withdrawals
The site provides many ways to deposit/withdraw funds. Among the most popular:
- WebMoney;
- QIWI;
- Yandex money;
- Visa, MasterCard cards;
- Srrrill.
The choice of methods is huge, including electronic payment systems popular among residents of the CIS countries. There are practically no problems with crediting money to the account; transactions are carried out without delays.
How to work with Olymp Trade
Smartex International Ltd. has been developing its Olymp Trade trading platform since 2014 and plans to continue working in this direction in 2022. As of the first half of December 2022, Olymp Trade shows the following data about its work:
Social network icons are located at the bottom of the platform’s login and registration blocks
To register using one of the social networks available on the site, the user must click on the corresponding icon and enter the login and password for his account.
Confirmation of registration
In the next window, the system will require you to enter your email address, phone number, select the account currency, confirm that you are of age and that the user is familiar with the rules for the provision of services.
Communication with technical support
In any case, no matter what situations occur with the withdrawal of money to Olymp Trade, you should not delay resolving the issue; you should immediately contact the broker’s technical support service, since there are plenty of ways to contact them:
- Feedback form from the company website.
- Online chat is all from the same site.
- Email.
- The direct telephone number is free from anywhere in Russia.
In addition, VIP users can contact their personal managers, and of course, this is the fastest way to resolve any problems and misunderstandings.
A very common question in reviews is whether Olymp Trade withdraws money. Yes, it does, and the availability of ways to contact technical support is another proof of this. The fact is that many brokers do not have any means of communication at all, that is, they have email and a feedback form, but, as you know, correspondence can take several weeks or even months.
Brokers hide their phone numbers, reserving the right to call clients, but without giving them this opportunity. Olymp Trade does not have such a problem. The phone number is always available and is multi-channel, that is, the situation when the phone is busy is initially excluded.
Sample application that will be needed when transferring money
Content
In order to open a sample application, you must select the “Withdraw” section in the menu and enter the amount to be withdrawn in the appropriate line. It is important that the withdrawn amount cannot be more than the amount available on your balance, and not less than the minimum value on Olymp Trade, which is 10 euros or dollars. Bonus allowances also cannot be included in the amount you withdraw, since, according to the rules, they must initially be worked out. After entering the amount, select “Submit Application”.
