A Withdrawal Request online is required. This is made available in the client’s portal, under the Withdrawal menu. The request option is only available when the account has been verified and holds the respective balance.
Withdrawals are processed via the same method used for deposit. In cases where this is not possible the Company may suggest an alternative method, provided that the necessary proof of account ownership is available.
Withdrawals can be requested anytime but requests after 2:00 GMT will be processed the next business day. Turnaround time is 1 – 2 business days from the date of receipt of the request. But for Wire Transfer and Debit/Credit Card, processing time can take up to 3-5 business days.
Once the withdrawal request is approved, the amount will be automatically deducted from the platform and reducing the free margin available to trade and maintain any open positions. It is the client’s responsibility to ensure that the account holds enough margin to maintain open positions at all times. Edge Markets is not responsible for position(s) that are liquidated due to a withdrawal request.
The minimum amount for withdrawal is 100 USD
A maximum of one free withdrawal per client account per day and a maximum of five free withdrawals per week are allowed. Any withdrawals over the maximum requests per day or per week will be charged 35 USD/ EUR/ GBP per withdrawal.
Edge Markets is not responsible or liable for withdrawals because a client has shared their portal password with someone else. Please keep your password safe and secure.
International Telegraphic Transfers (TT) usually take 3-8 working days depending on the banking procedure of the beneficiary bank.
The portal Account holder must also be the beneficiary of the withdrawal request. Edge Markets does not accept any third-party payments. For corporate account, the beneficiary bank account must be in the name of the company and only the authorized signatory can request for withdrawal unless there is a given Special Power of Attorney to an agent or representative.
For Joint Accounts, withdrawal request made through portal is deemed agreed by all account holders. Once the withdrawal request is approved, it can no longer be