All you need to know about withdrawal on XTB
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 XTB is a reliable broker, where you can withdraw your money without safety concerns.
Withdrawal at XTB 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: XTB is a trusted global CFD broker, listed on the Warsaw Stock Exchange. XTB is regulated by many financial authorities globally, including the top-tier FCA.
THE ESSENCE:
- XTB charges $0 for withdrawal
- The withdrawal process is usually executed within 1 day
- XTB 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 XTB is available in your country?
Disclaimer: 76% 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 XTB
Is XTB 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.
XTB 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 XTB
What withdrawal methods are available at XTB?
At XTB, the only available option to withdraw money to your account is via Bank transfer.
Remember, you can only withdraw funds to accounts that are in your name.
| Withdrawal options | XTB |
|---|---|
| Bank transfer | Yes |
| Credit/Debit card | No |
| Electronic wallet | No |
How to withdraw money from XTB
How long does it take to withdraw from XTB?
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 XTB, the withdrawal process is usually executed within 1 day.
"It's not so convenient that the only available method to withdraw at XTB is bank transfer as it slows down the process. However, withdrawals above $50 are free (depending on your country). I would still recommend XTB for CFD traders because of the low forex CFD fees, and being listed on the Warsaw Stock Exchange makes XTB a reliable broker." - Bence András Rózsa, Broker analyst
How to withdraw money from XTB
What are the withdrawal fees at XTB?
The good news is that XTB charges no fees for withdrawal.
That is if you withdraw money above a certain amount, which is usually $50, but that can vary in different countries.
| Withdrawal option | Withdrawal fees |
|---|---|
| Credit/Debit card | - |
| Domestic bank withdrawal | $0.0 |
| International bank withdrawal | $0.0 |
| Electronic wallet | Not available |
Conversion fees
Pay attention that if your XTB account's base currency and bank account's currency differ, you might be charged a conversion fee depending on your personal bank.
At XTB, the following base currencies are available: EUR, USD, GBP, HUF, PLN.
To avoid high conversion fees, consider opening a multi-currency account at a digital bank.
How to withdraw money from XTB
What to keep in mind when withdrawing from XTB?
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 XTB
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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