All you need to know about withdrawal on Trade Nation
Reading time: 4 minutes
Being able to access your money is one of the top priorities when it comes to choosing a broker. Here, we will show you the withdrawal options, possible fees, how fast you can access your funds, and why Trade Nation is a reliable broker, where you can withdraw your money without safety concerns.
Withdrawal at Trade Nation is simple and straightforward, according to our analysis. However, there are some issues, such as currency and closing positions, you have to pay attention to.
To give you a brief summary: Trade Nation is a UK CFD and forex broker. It is regulated by the FCA and is available globally for clients.
THE ESSENCE:
- Trade Nation charges $0 for withdrawal
- The withdrawal process is usually executed within 2 days
- Trade Nation is a reliable broker, regulated by at least one top-tier regulator
- You can only withdraw funds to accounts in your name
First, let's see if Trade Nation is available in your country?
Disclaimer: 81.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
How to withdraw money from Trade Nation
Is Trade Nation safe?
To trust your money with a broker, you need to be sure that the broker is considered trustworthy. We, at BrokerChooser, only recommend regulated brokers, meaning the broker's operations are overseen by a trusted body.
Trade Nation can be considered a legit broker as it is overseen by at least one top-tier regulator, which is a great sign for reliability.
For you, this means that your money is in good hands and you will be able to withdraw your funds.
How to withdraw money from Trade Nation
What withdrawal methods are available at Trade Nation?
At Trade Nation, you have multiple options to choose from when you would like to withdraw money. These options are the following: Bank transfer, Credit/debit cards, Skrill, Rapid, AstroPay, Jeton.
Remember, you can only withdraw funds to accounts that are in your name.
| Withdrawal options | Trade Nation |
|---|---|
| Bank transfer | Yes |
| Credit/Debit card | Yes |
| Electronic wallet | Yes |
How to withdraw money from Trade Nation
How long does it take to withdraw from Trade Nation?
Withdrawing your funds from a brokerage account is a bit different than withdrawing money from, let's say, a bank account. Unlike some deposit options, withdrawal is rarely instant.
Keep in mind that if you have all your funds invested, you have to close some of your positions first to get access to cash, which you can withdraw later on. After closing some of your positions, the broker might need some time to make the funds available for you for withdrawal.
At Trade Nation, the withdrawal process is usually executed within 2 days.
How to withdraw money from Trade Nation
What are the withdrawal fees at Trade Nation?
The good news is that Trade Nation charges no fees for withdrawal.
| Withdrawal option | Withdrawal fees |
|---|---|
| Credit/Debit card | $0 |
| Domestic bank withdrawal | $0.0 |
| International bank withdrawal | $0.0 |
| Electronic wallet | Skrill, Rapid, AstroPay, Jeton |
Conversion fees
Pay attention that if your Trade Nation account's base currency and bank account's currency differ, you might be charged a conversion fee depending on your personal bank.
At Trade Nation, the following base currencies are available: USD, GDP, EUR, DKK, SEK, NOK, AUD, ZAR.
To avoid high conversion fees, consider opening a multi-currency account at a digital bank.
How to withdraw money from Trade Nation
What to keep in mind when withdrawing from Trade Nation?
Withdrawing your funds from a brokerage account is a bit different than withdrawing money from, let's say, a bank account. Unlike some deposit options, withdrawal is rarely instant.
Keep in mind that if you have all your funds invested, you have to close some of your positions first to get access to cash, which you can withdraw later on. After closing some of your positions, the broker might need some time to make the funds available for you for withdrawal.
How to withdraw money from Trade Nation
Wrap-up
You are awesome for having read through this article! Making sure you can access your funds might seem overwhelming at first, but the best time to start dealing with your finances is always right now.
You're doing great! Navigating through the world of brokerages is hard, and we want to help you along the way. If you are stuck somewhere, have a question, or a suggestion, please drop us an email.
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