Another most frequently asked question is’ How can I Withdraw my funds from Binary Options Account? ‘ It is dependent on the broker and each broker is having different options but once a deposit is made via a credit card, the withdrawal needs to be taken through credit card. Some of the companies provide the option of bank wire and paypal option but others make you to withdraw through credit card only once the deposit is via credit card.
The reason behind forced withdrawal via credit card for credit card deposits is, suppose you had 500$credit card deposit then the Binary Option company doesn’t know for sure that if its legitimate transfer or from a stolen information. One might have stolen credit card information and made deposit and then withdraw to bank wire leading to a fraud. So to protect the credit card user, binary options companies verify the credit card information and make user to withdraw deposit amount via credit card only and anything above it can be transmitted through bank wire or paypal.
The credit card issue is good one in the direction that suppose you have 500$deposit via credit card and following a month you have 1000$in your Binary Options account then you can withdraw some of that via credit card to set off credit card bill.
The withdrawal time is different with each broker. It takes anything from 3 days to 3 weeks depending on the broker. The time taken is mainly just to verify that you’re the same man you’re pretending to be and verifying your information and deterring the fraud. There’s no major issues found so far with the withdrawal through credit cards with Binary option companies but one need to be patient with that in the extent that one shouldn’t expect withdrawal on next day after withdrawal request.
The withdrawal amount can be anything and it need not to be full amount on the account. One can withdraw full amount, partial amount or just a test amount to check how the withdrawal process works.