Funds can only be withdrawn to an account / credit card that is in the same name as your Beinmarkets trading account. We do not action third party transfers.
Payments to and from international payment institutions may attract transfer fees, including intermediary bank fees, which are independent of Beinmarkets. Any such fees will be the responsibility of the client.
If you are requesting a transfer to be made in a currency that is different from your trading accounts’ base currency, you will then be charged up to 3% conversion fee in addition to any transaction fee.
Domestic AUD and EUR transfers in Australia and Cyprus respectively, are free. All other international transfers and currencies will attract transfer fees that are charged by the bank.
Yes, you will be charged processing fees, and you can see those fees in the appropriate withdrawal section.
Any profits you make can be paid via bank wire or in some circumstances, via cheque. If you want to receive your profits via Skrill or Neteller, we can also accommodate you, but you will need to cover any fees.
You can only withdraw the amount you originally deposited via your credit or debit card. When it comes to withdrawing your profits, you can only withdraw them via bank wire or in approved cases, as an AUD or EUR cheque, or via Skrill or Neteller, but charges may apply.
Credit card withdrawals attract up to 2% in processing fees.
Any withdrawal amount above the one deposited is subject to a 2% processing fee.
Withdrawals via Skrill and Neteller attract up to 2% in processing fees.
Skrill and Neteller impose the following term on all withdrawals: 7 business days must pass from the day you deposit an amount using their service. What this means is that if you deposit an amount on the 1st of January, you won’t be able to withdraw it until the 13th of January, as there are weekends in between.
There may be unforeseen circumstances whereby withdrawal times may be longer.