Most traders never reach the withdrawal stage of trading, with up to 90% of retail traders operating losing portfolios. Those traders who withdraw require a trustworthy broker who honors all valid withdrawal requests on time with a choice of payment processors.
Our Libertex withdrawal overview covers everything traders should know about withdrawing from Libertex and includes a step-by-step Libertex withdrawal guide.
Libertex Withdrawal at a Glance
The secure Libertex dashboard manages all financial transactions for verified clients, including the Libertex withdrawal. Withdrawing profits should be as simple as making deposits, and Libertex deploys a straightforward process. Libertex withdrawals function similarly to online banking, but traders should consider that Libertex only allows US Dollar withdrawals, and traders may face currency conversion costs.
Libertex Withdrawal Option | Availability |
|---|---|
Bank wires | Yes |
Credit/debit cards | Yes |
e-wallets | Yes |
Cryptocurrencies | No |
Internal withdrawal fees | Yes |
Libertex Withdrawal Options
The international Libertex subsidiary features four withdrawal options that match its deposit methods. The Libertex withdrawal currency is the US Dollar.
Libertex does not state how it manages currency conversions, which apply if the account base currency differs from the withdrawal currency, for example, requesting a US Dollar withdrawal to a Euro bank account. The lack of details suggests that Libertex does not allow a mismatch or relies on the payment processor to convert currencies. Therefore, traders should ask their preferred payment processor about potential currency conversion fees or consider multi-currency accounts.
Libertex supports the following withdrawal options:
- Bank wires - No minimum / No maximum
- Credit/debit - $10 minimum / $10,000 maximum
- Skrill - $10 minimum / $2,500 maximum
- Neteller - $10 minimum / $2,500 maximum
Libertex Withdrawal Fees
Libertex withdrawal fees, processing times, and withdrawal currencies depend on the payment processor and the geographic location of the client.
Libertex withdrawal fees (excluding third-party costs and currency conversion fees):
- Bank wires - 0.50% with a minimum fee of $2.00 and a maximum cost of $10.00
- Credit/debit cards (Visa cards only) - $1.00 per transaction
- Skrill - $0
- Neteller - 1%
Libertex withdrawal processing times (The finance department processes all Libertex withdrawal requests the same day if received before 2 p.m. GMT):
- Bank wires - Up to 24 hours + up to five business days
- Credit/debit - Up to 24 hours + up to five business days
- Skrill - Up to 24 hours + Instant
- Neteller - Up to 24 hours + Instant
Libertex withdrawal currencies:
- US Dollar (International clients only)
Noteworthy:
- Libertex fails to disclose how it handles currency conversions.
- A multi-currency account can help traders lower currency conversion fees.
- International traders must withdraw in US Dollars
Steps for Sending the Minimum Libertex Withdrawal
The finance department only processes Libertex withdrawals for verified clients, as mandated by AML/KYC rules stipulated by regulators. Additionally, the name on the payment processor must match the name on the Libertex trading account.
Below are the Libertex withdrawal steps:
- Log into your Libertex dashboard or mobile app.
- Click your name in the top right corner and navigate to the “Withdraw Section.”
- Select your preferred payment processor, enter your desired withdrawal amount (ensure you have sufficient free margin to cover the withdrawal), and submit your request.
- The finance department usually processes all withdrawal requests the same day if received before 2 p.m. GMT. Otherwise, it will process them the following business day.
Conclusion
The Libertex withdrawal process functions similarly to online banking for verified clients who can request it via the secure Libertex dashboard. The minimum Libertex withdrawal amount is $10 except for bank wires, which have no minimum.
Libertex withdrawal fees apply to all payment processors except for Skrill, which is free of cost. Traders should consider potential third-party payment processing and currency conversion fees. Libertex only supports USD withdrawals.
Additionally, you can find more info. Regarding Libertex, in our informative.
FAQs
Are there fees for withdrawals from Libertex?
Libertex withdrawal fees depend on the payment processor.
What are Libertex’s withdrawal methods?
Libertex processes withdrawals via bank wires, credit/debit cards, Skrill, Neteller, and PayPal.
How much is the minimum withdrawal at Libertex?
The Libertex minimum withdrawal is $10.
How do I withdraw all my money from Libertex?
You must close all open positions before withdrawing funds to your preferred payment processor.
How long do Libertex withdrawals take?
Libertex processes withdrawals on the same day if traders submit requests before 2 p.m. GMT. Otherwise, the finance department will process them on the following business day. Bank wires and credit/debit cards can take up to five business days, while Skrill, Neteller, and PayPal are instant once Libertex processes the withdrawal request.
What are Libertex’s withdrawal fees?
Bank wires cost 0.50% with a $2.00 minimum and $10.00 maximum, credit/debit card withdrawals incur a $1.00 flat fee per transaction, Neteller costs 1.00%, and Skrill and PayPal remain free of Libertex withdrawal fees.
Does Libertex let you withdraw?
Yes, Libertex allows all verified clients to withdraw as long as they fulfill withdrawal conditions.
