ExpertOption is one of the most popular binary options brokers today. ExpertOption is an award-winning binary options broker based in St. Vincent and the Grenadines. It was launched in 2015 and has continued to enjoy progressive success since then. Currently, ExpertOption has 8.5 million subscribers and operates in over 150 countries around the world. One of the biggest concerns when working with binary options brokers is the withdrawal procedure and channels. Everyone wants to have access to their money at all times. Unfortunately, due to the complex nature of online transactions, you may not be able to access your money immediately. Many brokers will need at least 24 hours to avail your money in your bank, card, or online wallet.
You need to understand the procedures and policies of the ExpertOption regarding withdrawals before you get started. This is a detailed guide into how you go about withdrawing money from ExpertOption. The guide will help you understand how you should withdrawal money easily from ExpertOption. It will inform you of everything you need to be able to withdraw money. It will also guide you on what you need to do to qualify for withdrawing money. That being said, ExpertOption has one of the easiest withdrawal procedures.
ExpertOption will not allow you to withdraw your minimum deposit. You, therefore, need to make a profit to be eligible for withdrawals. You can only withdraw the profit you have made on your initial deposit. Before you make any withdrawal, you need to verify your account, either through email or phone number.
Also, ExpertOption will require you to verify your identity before any withdrawals can be initiated. They do this to ensure that they send money to the correct person. You will, therefore, be asked to send some verification documents. You may need to have the following documents, in case they are required for verification.
- ID card
- A photo of yourself holding the ID card
- A photo or scan of your passport
- Utility bill
- Bank statement
One, a couple or all of these documents might be asked for depending on the circumstances at hand. You might want to at least have, and identification document and a utility bill before you start trading with ExpertOption.
First, before we outline the exact steps of withdrawing funds ExpertOption, there are a few general rules. ExpertOption offers a couple of methods for you to deposit and withdraw funds. The method you used for depositing the initial deposit is the only method you can use to withdraw the funds. You will need to contact ExpertOption customer support if you need to change the withdrawal method for any reason.
To withdraw your funds;
- Go to the private zone
- Request a withdrawal. You can withdraw a partial or full amount
- The amount available for withdrawal is the profit on your initial deposit
- You might be requested to send some verification documents
- Wait for the withdrawal to be processed.
There are three stages when you are withdrawing your funds. The first stage is requested. This appears immediately you request a withdrawal. It is an acknowledgment by ExpertOption that they have received your request. The second stage is “in process” this means that ExpertOption is working on your request. The third stage is “processed” which means you should receive money at any time. This process normally takes 10 days. In some complex situations, the process might take up to 30 days. ExpertOption offers the following withdrawal methods.
1) Bank Wires
2) Credit Cards
- Visa Electron
You can choose any method that is convenient and available to you. Note that withdrawals through traditional methods such as bank wires and credit cards might take longer.
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