Eightcap is a reputable Australian forex and CFD broker regulated by the Australian Securities and Investments Commission (ASIC). It offers a wide range of trading products, including forex, CFDs, indices, commodities, and cryptocurrencies. Eightcap is known for its competitive spreads, low commissions, and fast execution speeds.
Minimum Withdrawal Requirements
The minimum withdrawal amount from Eightcap depends on the withdrawal method you choose:
Bank Transfer: The minimum withdrawal amount for bank transfers is AUD 100 or the equivalent in your base currency.
Credit/Debit Card: The minimum withdrawal amount for credit/debit cards is AUD 100 or the equivalent in your base currency.
Skrill: The minimum withdrawal amount for Skrill is AUD 100 or the equivalent in your base currency.
PayPal: The minimum withdrawal amount for PayPal is AUD 100 or the equivalent in your base currency.
There are no withdrawal fees charged by Eightcap. However, your bank or payment provider may charge fees.
Withdrawal Processing Times
Withdrawal processing times at Eightcap typically take 1-3 business days. However, it may take longer depending on your bank or payment provider.
How to Withdraw Funds from Eightcap
To withdraw funds from your Eightcap account, follow these steps:
Log in to your Eightcap trading account.
Click on the "Withdraw" tab.
Select the withdrawal method you want to use.
Enter the amount you want to withdraw.
Click on the "Withdraw" button.
You will receive an email confirmation once your withdrawal request has been processed.
Additional Considerations
Verification: Before you can withdraw funds from your Eightcap account, you must verify your identity and address. This is a regulatory requirement to help prevent fraud.
Currency Conversion: If you are withdrawing funds in a currency other than your base currency, Eightcap will convert the funds at the prevailing market rate. There may be a conversion fee charged by Eightcap.
Tax Implications: You may be liable for taxes on your forex trading profits. Please consult with a tax advisor for more information.
Conclusion
Eightcap is a reputable forex broker with low minimum withdrawal requirements and fast processing times. There are no withdrawal fees charged by Eightcap, but your bank or payment provider may charge fees. Be sure to verify your identity and address before withdrawing funds, and be aware of any potential currency conversion fees or tax implications.
