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Random Capital withdrawal at a glance

Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the 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 Random Capital fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from Random Capital and how Random Capital's withdrawal fees and options compare to some of its close competitors.

Random Capital withdrawal fees and options snapshot
Random Capital Interactive Brokers Saxo Bank
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee Withdrawal via Netboon costs 0.1%, with a HUF 500 minimum and HUF 20,000 maximum One free per month, after that $10 Free withdrawal

How to withdraw money from Random Capital
Random Capital withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and Random Capital is no exception.

However, bank transfer is the only withdrawal option available at Random Capital, putting it at a slight disadvantage over brokers that also offer withdrawal to credit/debit cards or electronic wallets.

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 Random Capital and it took us 1 business day. It doesn't really get any better than this!

To withdraw money from Random Capital, 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  • Enter the amount to be withdrawn, and, if prompted, a short reason or description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

Please note that you may only withdraw money to accounts that are in your name.

How to withdraw money from Random Capital
Random Capital 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.

Unfortunately, Random Capital has no free withdrawal options. See the table below for details, and also how Random Capital's fees compare with some of its immediate competitors.

Random Capital withdrawal fees
Random Capital Interactive Brokers Saxo Bank
Domestic bank withdrawal Withdrawal via Netboon costs 0.1%, with a HUF 500 minimum and HUF 20,000 maximum One free per month, after that $10 Free withdrawal
International bank withdrawal Withdrawal foreign account is 0.2%, min. HUF 5,000 or corresponding currency One free per month, after that $10 per withdrawal Free withdrawal
Credit/debit card withdrawal Not available Not available Not available
Electronic wallets withdrawal Not available Not available Not available

How to withdraw money from Random Capital
Bottom line

Random Capital withdrawal is only available via bank transfer, and it also involves a fee. This is not an ideal combination, as there are many brokers out there that offer free withdrawal and/or additional options such as withdrawal to credit/debit cards.

To see how Random Capital'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

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