How many XTB withdrawal methods are there? Is there a fee for withdrawing money from the XTB exchange? This is one of the questions that has attracted the most attention recently. To find the exact answer, let’s explore the details of XForex in this article. 

XTB exchange withdrawal conditions withdrawal methods 

Before choosing XTB withdrawal methods, investors need to meet the following conditions:

• Make sure the account receiving money matches your real name. For any account in the name of a third person, transactions will not be performed. 
• Deposit and withdrawal methods must match. 
• If you withdraw less than 50 USD, you will have to pay 30 USD. But if you withdraw more than 50 USD, the withdrawal fee will be waived. 
• Payment will take place within the day. But because of the time zone difference, when placing a transaction order after 5 pm, the request will be processed the next working day. 

XTB withdrawal  methods 

To ensure safety and security, XTB currently only supports one method: a bank account. With XTB withdrawal methods via bank card, transactions will be strictly controlled and take place quickly. 

How much is the withdrawal fee on XTB?

Withdrawal fees depend on the amount you withdraw. As shared above, if the withdrawal is less than 50 USD, investors will have to pay a fee of 30 USD. If you withdraw money of 50 USD or more, there will be no additional fees. 

The most detailed way to withdraw money from XTB withdrawal methods

To be able to withdraw money from XTB, follow the steps below:

Visit the homepage of the XTB exchange

The first step, visit the official XForex site to log in to your account. On the home page, select Login and enter your email and password to log in. 

>>>See more:  Instructions on XTB open account steps quickly

Add a bank account on the exchange XTB withdrawal methods

Next, access the Withdraw Money section > Select ADD BANK ACCOUNT. Here, the system will ask the user to provide the following information:

• Bank account number
• Bank name
• Sales branch code
• Branch name
• Name of Province/City
• Bank SWIFT code
• Take a copy of the bank account statement, including the account holder’s name and account number. Then select SEND to complete bank account verification. 

Fill in withdrawal information from XTB withdrawal methods

• Next, select the XTB account you want to withdraw money from. 
• Select a personal bank account to receive money.
• Enter the amount you want to withdraw (USD)
• Below is the temporary withdrawal fee. Based on the Fee section, investors will know the fee to pay for the amount they want to withdraw. 
• Then select Withdraw to send the request. 

Confirm Withdrawal

If all information about XTB withdrawal methods is correct and meets the exchange’s requirements, you will receive a success notification. At this point, you just need to wait to receive the money on the same day.

How long does it take to withdraw money from XTB to the bank?

Depending on the region you live in, withdrawal requests will take different times to process. Specifically, if trading with XTB Limited (UK), withdrawal transactions will be processed within the same day. Traders must ensure that the withdrawal time request is before 1:00 p.m. 

However, it may take longer for the money to reach your bank account. Transfer time will take about 3 – 4 working days. So, to summarize, you will have to wait 3 – 4 days to receive the money after successfully submitting the withdrawal request. 

What is the minimum withdrawal amount when using XTB withdrawal methods?

The minimum withdrawal amount varies according to the currency you withdraw from. Specifically:

• If you use an XTB Limited UK trading account, the minimum withdrawal amount is 100 USD, 90 EUR, and 60 GBP. 
• For XTB Limited – CY trading accounts a minimum withdrawal amount of 100 EUR is required.
• For XTB International Limited trading accounts, a minimum withdrawal of 50 USD is required.

If you withdraw money from the minimum amount or more, you will not have to pay any additional fees. In case of withdrawal less than the minimum amount, additional fees will be charged. Specifically:

• If it is less than 100 USD, XTB will collect an additional 20 USD fee. 
• Withdraw less than 80 EUR, XTB will collect an additional 16 EUR.
• Withdrawing less than £60, traders will be charged an additional £12.
• Withdrawals below 12,000 HUF will incur an additional fee of 3,000 HUF.

Besides, many people also wonder, about XTB minimum deposit. Is it equal to the minimum withdrawal amount? XTB has no specific regulations on specific deposit amounts. That helps investors with little capital still be able to participate in trading, while also somewhat limiting risks.

Common errors when withdrawing money from XTB

The process of withdrawing money from the XTB exchange always has specific instructions. However, new and inexperienced investors often encounter a few errors and do not know how to handle them. XForex will help you find the cause and the simplest way to fix it. 

Apply the method of withdrawing money from XTB to another account

Currently, XTB only applies one method of withdrawing money, which is a direct transfer to a bank account. However, this must be the owner’s account and used to deposit money. 

If you use a 3rd party account, withdrawals will be rejected to ensure the safety of investors themselves. 

Choose how to withdraw money from XTB to a credit card/e-wallet/debit card

Although, investors can perform  XTB deposit using credit cards, debit cards, or e-wallets. However, users cannot withdraw money from these cards. XTB only supports one withdrawal method: bank transfer. 

Withdraw money from XTB to another account but not in the same currency

You can withdraw or transfer money between different XTB accounts. However, you must ensure that the amount transferred between accounts must be in the same currency. 

Conclude

Above is all the information shared about XTB withdrawal methods. Hopefully, the information in the article will help investors during the withdrawal process. If you have any questions, please contact XForex for advice and support. 

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

FAQ

Is it safe to withdraw XTB?

The answer is yes. Currently, there have not been any complaints about withdrawal transactions at XTB. In addition, XTB is also one of the famous trading exchanges. Not only with traders in Vietnam but also with traders around the world. XTB also received numerous licenses from international financial agencies. Therefore, you can feel secure when withdrawing money as well as participating in transactions. 

Can I deposit money by credit card to withdraw money to my bank account?

The answer is yes. Investors just need to make sure their bank account matches their personal information. Do not withdraw money to another person’s account to avoid transactions not being carried out. 

Is XTB withdrawal free?

You will be free to withdraw money if the withdrawal amount is from the minimum amount specified by the exchange. If it is lower, you will incur a small fee, depending on the currency you want to withdraw.