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

Royal withdrawal fees and options snapshot
Royal Eightcap TMGM
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee No fees charged for bank withdrawal, but credit/debit card and electronic wallet withdrawals carry a 2% fee Free withdrawal Free withdrawal

How to withdraw money from Royal
Royal withdrawal options

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

In addition to bank transfer, Royal 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 Royal.

You can also withdraw money to electronic wallets. This is a nice feature that isn't available at all brokers. At Royal, you can withdraw money to the following electronic wallets: Neteller, Skrill, fasapay, POLI, NganYuong, Globepay, PM, Paytrust, Pay Retailers, Interac, whish money.

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

To withdraw money from Royal, 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  • Enter the amount to be withdrawn, and, if prompted, a short reason or description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 Royal
Royal 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 Royal is free of charge. See the table below for details and possible exceptions, as well as how Royal compares with some of its immediate competitors.

Royal withdrawal fees
Royal Eightcap TMGM
Domestic bank withdrawal No fees charged for bank withdrawal Free withdrawal Free withdrawal
International bank withdrawal No fees charged for bank withdrawal in AUD / EUR in Australia and Cyprus. Free withdrawal There is a $20-30 processing fee
Credit/debit card withdrawal Up to 2% Free withdrawal Free withdrawal
Electronic wallets withdrawal 0.5-3.0% depending on which electronic wallet you use to withdraw money Skrill, Neteller available. Skrill charges 1%, Neteller may incur charges dependent on withdrawal Free withdrawal

How to withdraw money from Royal
Bottom line

Royal 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 Royal'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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