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Deposit and Withdrawal Methods of AvaTrade Broker
If you decide to invest in Forex trading, the Forex broker of your choice offers you a variety of deposit and withdrawal methods. You can choose between wire transfer, credit card and electronic payment methods for withdrawals. Each of these options is associated with a different cost. For example, wire transfers are expensive because your funds have to go through several banks before they can be transferred to your brokerage account.
AvaTrade Broker withdrawals are usually processed within 24 hours. You will need to provide identification document verification, which can be a bank or credit card statement. Withdrawals to credit and debit cards can take up to 48 hours to complete. Withdrawals via e-money will take longer - up to 10 days. It must also be remembered that only withdrawal requests from third-party deposits from the original payment method will be processed
Some brokers require you to deposit a certain amount of money before withdrawing your profits. Minimum deposit amounts vary from a few dollars to a few thousand dollars. This determines the amount of funds you need to start trading and whether you can withdraw profits later. Generally speaking, the higher the minimum deposit, the higher the minimum withdrawal. The Forex broker will provide you with a form for you to fill out and submit for withdrawal.
Withdrawal times vary by broker, but usually take anywhere from 24 hours to 1 to 3 days. Internationally, they can take up to five days. Be sure to confirm ownership of the bank account before withdrawing funds via this method. This method may incur intermediary or bank fees. Bank wire transfers usually cost $25. For trading profits or account balances in excess of the initial deposit, bank wire transfers are preferred. However, if you are not sure, the withdrawal process may take longer than you expect.
The AvaTrade broker also offers a 39% trading rebate on standard accounts, which is returned to MT4/5 accounts every Tuesday. Rebates can help traders reduce transaction costs. There are rebates whether the trade is a profit or a loss. There are no capital and trading lot requirements for commission return, but trading commissions can only be enjoyed by registering an account through the IB link. You can sign up for an AvaTrade commission account by contacting via Telegram below.
Telegram: @Rebate521