Trading on the XTB platform creates great profitable investment opportunities. To carry out those trading sessions, you need investment capital. So how to deposit and withdraw money from XTB? What are the XTB withdrawal fee you need to pay attention to? And how do you effectively optimize that withdrawal fee? Please follow the information below from XForex to get the most accurate answer. 

Overview of XTB withdrawal fee

XTB’s foreign exchange trading platform is a reputable playground for financial investors. However, to trade effectively, traders need to clearly understand important fees. From there, perform financial management more effectively. 

What are the XTB withdrawal fees?

XTB withdrawal fee is understood as the fee that each trader needs to pay when withdrawing money from a trading account to a personal account. The fee on XTB depends on the withdrawal amount and your withdrawal method. Therefore, the withdrawal fee for each transaction for each account is different. This is also an important factor to keep in mind when you choose a forex trading platform.

>>>See more: Simple instructions for XTB sign-up on your phone

Fees related to XTB exchange withdrawals

Some fees related to withdrawing money from an XTB account include: 

• Transfer fee: This is a fee incurred when withdrawing money from XTB to a bank account via the transfer method. 
• Processing fee: This is the fee payable for resolving problems that arise during the withdrawal process. 
• Trading account maintenance fee on XTB forex platform. 

All of the above fees depend on your withdrawal method and account type. Therefore, please learn carefully about XForex fees before participating!  

XTB withdrawal fee compared to other exchanges 

To manage profits effectively, investors are very interested and often compare withdrawal fees between XTB and other exchanges. As mentioned, the fee for XTB withdrawal may change. They depend on the withdrawal method, account type, and withdrawal amount. But overall, withdrawal fees at XTB are considered competitive. It is rare to find a forex trading platform with reasonable withdrawal fees like the XTB Trading platform. 

How to calculate withdrawal fees on XTB exchange

If you are planning to withdraw money from XTB, you should learn about the fees corresponding to the trading account type. So how is XTB’s withdrawal fee calculated? Are there any factors that directly affect the withdrawal fee on XTB that you need to know? 

How is the withdrawal fee from XTB calculated?

Because the withdrawal fee from XTB depends on many factors. Therefore, XTB exchange fees are also calculated in many different ways. For example, when withdrawing 400 USD via bank transfer, the withdrawal fee incurred is 6.4 USD (ie 1.6%). But if you withdraw by credit card, the withdrawal fee is now 6 USD (ie 1.5%).

In case you withdraw less than 50 USD, the fee is up to 30 USD. Applicable to accounts with over 100 USD. Note that all banking-related expenses on XTB are 100% covered by the exchange. In case there are fees on your bank’s side when withdrawing money, traders will have to pay them, so please calculate carefully before deciding on the method and amount you want to withdraw. 

Factors affecting XTB exchange fees

Some factors that directly affect XTB Trading platform fees include: 

• The fees for each withdrawal method are different. For example, the fee for withdrawing money from XTB for the Internet banking method is different from the credit card method. 
• The withdrawal fee changes in the same direction as the amount you want to withdraw. Therefore, the larger the withdrawal amount, the larger the transaction fee. 

How to minimize XTB withdrawal fee for traders

To optimize profits, investors often look for ways to minimize withdrawal costs. So what is the most effective way to optimize XTB exchange fees? – Please refer to the methods below to make the choice that best suits your investment needs! 

Choose the appropriate payment method to avoid many fees

The first important thing is to choose the appropriate withdrawal method. XTB exchange supports users with a variety of withdrawal methods such as Internet banking, credit cards, electronic payment wallets,… The fee for each method is regulated separately. Therefore, before choosing a payment method, carefully research the corresponding withdrawal fee. From there you can choose the method with the lowest fee.

Choose to withdraw a larger amount so you don’t have to pay XTB fees multiple times

XTB withdrawal fees depend on the specified percentage of the withdrawal amount. Usually, when you withdraw a large amount of money, the fee will be better than when you withdraw small amounts and withdraw many times. Therefore, calculating and withdrawing large sums of money will help you optimize efficiency. 

XTB Forex withdrawal fees will be reduced when withdrawn at the appropriate time

Normally, the fee when withdrawing money from XTB will be higher on holidays, weekends, or special days of the year. You should withdraw money on weekdays, and withdrawals are encouraged during office hours. So that if a problem arises, the technical team will receive and resolve it quickly for you. So choose the appropriate withdrawal time to save costs.  

Things to remember when withdrawing money on XTB Forex

To make safe and accurate XTB withdrawals, you need to note the following: 

• It is necessary to check and ensure information related to the withdrawal account. Because XTB forex only accepts and allows withdrawals to the bank account in the trader’s name. 
• Find out and research the withdrawal fees of the respective withdrawal methods in advance. 
• Learn and agree to the terms of deposit/withdrawal on the XTB exchange. 
• Plan and manage your withdrawal schedule to minimize deposit/withdrawal fees. 
• Contact customer service immediately for support when encountering problems during the deposit/withdrawal process on XTB Forex. 
• You should withdraw 50 USD or more and maintain your account above 100% to be free of all withdrawal fees. 

Epilogue 

XTB withdrawal fee is specified for each type of account and each amount you want to withdraw. Therefore, plan your withdrawal accordingly to optimize your financial management process. Hopefully, the above sharing from XForex has helped you better understand XTB withdrawal fee. If you are interested in the topic of XTB deposit, please follow and look forward to the next article! 

>>>See more: Instructions XTB deposit methods simplest, fastest

FAQ

Should I withdraw money from XTB to my account?

After the investment process, your trading account will generate a profit. To ensure that profit, financial experts recommend withdrawing money from your account for easy management. 

What methods can I use to withdraw money on XTB?

You can withdraw money to your account using the following methods: Ngan Luong payment gateway, internet banking, credit card, and e-wallet.

How long does it take to successfully withdraw money to your account from XTB?

Normally, in about 1-2 days you can successfully withdraw money to your bank account. In some cases, the resolution time may take up to 3-5 days.