Our CMC Markets withdrawal review covers all withdrawal methods and processing times and features a step-by-step guide to requesting your CMC Markets withdrawal. Read on to find out why 300,000+ traders trust the CMC Markets withdrawal process.
CMC Markets Withdrawal at a Glance
Withdrawing profits should be as simple as making deposits, and financial transactions at trustworthy brokers are similar to online banking. The secure and user-friendly CMC Markets back office handles all deposits and withdrawals.
Profitable traders need a trustworthy broker with fast processing times and reliable execution, and CMC Markets delivers. There are no internal withdrawal fees or minimum deposit requirements. Traders must also consider potential currency conversion fees if their CMC Markets withdrawal currency does not match the currency of their payment processor, which primarily applies to bank wires and credit/debit card withdrawals.
The finance department processes valid withdrawals for verified traders the same day if UK-based traders submit their request before 4 p.m. or international clients before 11 a.m. Otherwise, CMC Markets will process it during the following business day.
There is no maximum withdrawal limit on bank wires. Traders can request a maximum of $40,000 to credit/debit cards or $10,000 via PayPal every 24 hours. CMC Markets only allows clients to withdraw the deposit amount to credit/debit cards in CFD accounts, but the restriction does not apply to spread betting accounts.
CMC Markets Withdrawal Option | Availability |
|---|---|
Bank wires | Yes |
Credit/debit cards | Yes |
e-wallets | Yes |
Cryptocurrencies | No |
Internal withdrawal fees | No (third-party fees and currency conversion costs may apply) |
Steps for Sending the Minimum Withdrawal
Only verified clients may request withdrawals, and the name on the payment processor must match the name on the CMC Markets trading account.
Below are the CMC Markets withdrawal steps:
1. Log into the CMC Markets back office. Should traders have multiple trading accounts, they must choose from where they wish to request their CMC Markets withdrawal.
2. Navigate to the “Funding” tab and click “Withdraw.”
3. Select your preferred payment processor and enter your desired CMC Markets withdrawal amount (make sure you have sufficient free margin to cover your CMC Markets withdrawal).
4. The finance department processes all withdrawal requests received before 4 p.m. in the UK or 11 a.m. outside the UK. Otherwise, CMC Markets will process it during the following business day. Depending on the payment processor and geographic location of clients, it can take up to five business days for withdrawals to arrive. CMC Markets will e-mail confirmation, and the payment processor will notify clients once it receives the funds.
CMC Markets Withdrawal Options
CMC Markets lists three payment processors, but geographic restrictions apply at PayPal.
CMC Markets supports the following withdrawal options:
- Bank wires
- Credit/debit cards (Visa and Mastercard)
- PayPal
While CMC Markets does not list a minimum withdrawal amount, payment processors may have one. Traders should also consider third-party transaction fees and avoid micro-transactions. Internal processing times for the CMC Markets withdrawals are the same day if UK-based traders submit their request before 4 p.m. or international clients before 11 a.m. Otherwise, CMC Markets will process it during the following business day, but depending on the geographic location of traders, withdrawals can take several days to arrive.
CMC Markets Withdrawal Fees
There are no internal withdrawal fees at CMC Markets, but potential third-party costs and currency conversion fees may apply. International bank wires incur charges, which the withdrawal screen will display. Traders should check their preferred payment processor for a detailed breakdown of potential costs, which CMC Markets does not control.
Below are the CMC Markets withdrawal fees (excluding third-party costs and currency conversion fees):
- Bank wires - $0
- Credit/debit cards - $0
- PayPal - $0
The average withdrawal time for the CMC Markets withdrawal methods (excluding third-party payment processor times, which range between instant and five business days):
- Bank wires - Up to five business days
- Credit/debit cards - One hour to five business days
- PayPal - Up to two business days
CMC Markets supports the following withdrawal currencies:
- Bank wires - GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, and SGD
- Credit/debit cards - AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- PayPal - AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
Noteworthy:
- A multi-currency account can help traders lower currency conversion fees.
Conclusions
The CMC Markets withdrawal process follows well-established industry standards at trustworthy and reliable brokers. CMC Markets does not levy internal fees, and there is no minimum withdrawal amount. Internal processing times are the same day if the finance department receives the request before 4 p.m. in the UK or 11 a.m. outside the UK. CMC Markets is a trustworthy broker and honors each valid withdrawal request from verified trading accounts. Clients can withdraw funds from CMC Markets via bank wire, credit/debit card, or PayPal. CMC Markets has no minimum withdrawal. To withdraw all your money from CMC Markets, close all open positions, wait for funds to settle, and then request a withdrawal of the entire amount. CMC Markets processes withdrawals on the same day if received before the cut-off time. Otherwise, it will do so on the next business day, but it can take several days for traders to receive their funds. CMC Markets does not charge internal withdrawal fees, but a 0.50% currency conversion fee may apply, plus potential third-party costs, which the withdrawal screen will display. Yes, CMC Markets processes all valid withdrawal requests for verified traders.FAQs
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