Is it normal to wait 14 days for a withdraw ?

williamdeep

Junior member
12 1
I have just withdrawn 30k$ from 4xpremium. When i made the request to withdraw a portion of my account, i was told that for the process to be complete i had to wait at last 14 days. When i heard this i was pissed because i thought the maximum amount of time it takes for a withdraw was 5-7 days.

Does any of you have similar experiences?
 

NVP

Legendary member
36,506 1,833
they will stall and stall as much as possible ........bigger the amount the more they drag heels ...............as already mentioned you must ensure you read the small print and always (please) go with brokers that have a good track record and reputation ....over the last 30-40 years of trading i have lost numerous accounts to brokers that disappeared or went broke ....

in the end getting it back late is better than not getting it back at all !

N
 

hatemypips

Well-known member
399 25
I have just withdrawn 30k$ from 4xpremium. When i made the request to withdraw a portion of my account, i was told that for the process to be complete i had to wait at last 14 days. When i heard this i was pissed because i thought the maximum amount of time it takes for a withdraw was 5-7 days.

Does any of you have similar experiences?
So have you successfully withdraw 30K from their platform? It's really surprising to make money in bucket-shop, I think their account managers spent much efforts to find prohibited trades in your history, that's why it took a bit longer.

Better to find more reliable place for trading at regulated entity if you want to avoid delays in future.
 

williamdeep

Junior member
12 1
Well as I know it differs from broker to broker. It's always better to check info in advance and choose someone reliable.
I only went with this broker because a friend of mine recommend him to me. Right now there is nothing wrong with my broker, they are very good with what they do. I don't thing on changing brokers.
 

williamdeep

Junior member
12 1
they will stall and stall as much as possible ........bigger the amount the more they drag heels ...............as already mentioned you must ensure you read the small print and always (please) go with brokers that have a good track record and reputation ....over the last 30-40 years of trading i have lost numerous accounts to brokers that disappeared or went broke ....

in the end getting it back late is better than not getting it back at all !

N
How does a broker simply disappear? Personally i don't have a long time trading so i follow the advices of my senior account manager.
 

williamdeep

Junior member
12 1
So have you successfully withdraw 30K from their platform? It's really surprising to make money in bucket-shop, I think their account managers spent much efforts to find prohibited trades in your history, that's why it took a bit longer.

Better to find more reliable place for trading at regulated entity if you want to avoid delays in future.
Well the account manager is a rreally good guy. I have been trading for almost 2 years with them and now that i was able to make the withdrow i feel good with them. I have seen forums and threeds on the internet where there are investors unable to make a single penny. so im not complaining.
 

ToobroketoTrade

Newbie
9 0
They are all unregulated pieces of garbage. All these spreadbetting firms and brokers are all going to claim bankruptcy to get out of the **** they've dug themselves into and very soon and will go bankrupt then disappear and the same people will start this casino of theirs all over again.
 

hatemypips

Well-known member
399 25
I have just withdrawn 30k$ from 4xpremium. When i made the request to withdraw a portion of my account, i was told that for the process to be complete i had to wait at last 14 days. When i heard this i was pissed because i thought the maximum amount of time it takes for a withdraw was 5-7 days.

Does any of you have similar experiences?
I think it's time to have serious concerns over your funds, because withdrawal delays are often a sign of scam.
 

volumefx

Newbie
2 0
It depends on the broker. Some brokers will delay your withdrawal in order to get you to change your mind, lose trades and try to use it to trade some more. It's an age old tactic. Other brokers who don't segregate funds will use your money, and delay until they have enough new deposits and earnings in order to pay for your withdrawal. It becomes like a big ponzi scheme.

In reality the only time you should be waiting 7-10 days for a withdrawal is if you've got a US bank and it's transferred via bankwire. That is terribly slow. There is also bitcoin and altcoin withdrawal as well which should only take an hour or two depending on the blockchain.
 

progix

Active member
213 3
I guess waiting time of minimum 7-10 days is for bankwire only, better option in my opinion is to take withdraw in ewallet like skrill, neteller etc which takes up to one or two business days.
 

hatemypips

Well-known member
399 25
Bank withdrawals should come much faster, around 1-3 days, for skill I guess its 1-3 hours (average withdrawal time from Нotforex
 

progix

Active member
213 3
Lets hope these bank wires comes up with that instant time frames however i usually take money in skrill most of the time because it is instant as compared to other payment processing methods in my opinion.