Admirals (Admiral Markets) withdrawal at a glance

When you are using an online broker for your trading/investing, there will come a point when you may want to enjoy the potential fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. To do that, first you have to withdraw money from your broker account.

That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee.

So how does Admirals (Admiral Markets) fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from Admirals (Admiral Markets) and how Admirals (Admiral Markets)'s withdrawal fees and options compare to some of its close competitors.

Admirals (Admiral Markets) withdrawal fees and options snapshot
Admirals (Admiral Markets) Tickmill XM
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee One free withdrawal every month Free withdrawal Free withdrawal. The only exception is the bank wire transfer below $200.

How to withdraw money from Admirals (Admiral Markets)
Admirals (Admiral Markets) withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and Admirals (Admiral Markets) is no exception.

In addition to bank transfer, Admirals (Admiral Markets) also allows you to withdraw funds to a debit or credit card. Many brokers don't offer this option, so this is a definite plus for Admirals (Admiral Markets).

You can also withdraw money to electronic wallets. This is a nice feature that isn't available at all brokers. At Admirals (Admiral Markets), you can withdraw money to the following electronic wallets: Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at Admirals (Admiral Markets) and it took us 1 business day. It doesn't really get any better than this!

To withdraw money from Admirals (Admiral Markets), you need to go through the following steps:

  • Log in to your account
  • Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
  • Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
  • Enter the amount to be withdrawn, and, if prompted, a short reason or description
  • Submit your request

Whatever method you use, you may only withdraw money to accounts or cards that are in your name.

How to withdraw money from Admirals (Admiral Markets)
Admirals (Admiral Markets) withdrawal fees

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions.

We have good news for you: basic withdrawal at Admirals (Admiral Markets) is free of charge. See the table below for details and possible exceptions, as well as how Admirals (Admiral Markets) compares with some of its immediate competitors.

Admirals (Admiral Markets) withdrawal fees
Admirals (Admiral Markets) Tickmill XM
Domestic bank withdrawal No fees charged Free withdrawal Free for withdrawals above $200
International bank withdrawal No fees charged Free withdrawal Free for withdrawals above $200
Credit/debit card withdrawal No fees charged Free withdrawal Free for withdrawals
Electronic wallets withdrawal No fees charged Free withdrawal Free for withdrawals above $200

How to withdraw money from Admirals (Admiral Markets)
Bottom line

Admirals (Admiral Markets) withdrawal is free of charge in most cases and you have multiple options for withdrawing your money, making it relatively easy to access your funds.

To see how Admirals (Admiral Markets)'s withdrawal fees and options stack up against the rest of the brokerage market, check out our broker comparison tool.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit Admirals (Admiral Markets)
81% of retail CFD accounts lose money

Share

Comments

×