Olymp Trade Withdrawal: Limit, Methods, Fees and Problems

Olymp Trade withdrawal has no maximum or daily limit, no transaction fees, and the minimum withdrawal amount is $10 (around 830 INR). According to Olymp Trade, the withdrawal time is 24 hours for 90% of the payout requests, but bank transfers can take 2-5 days.

Traders can withdraw their profits via bank cards, digital wallets, local bank transfers, cryptocurrencies, and payment invoice generation services. Olymp Trade recommends specific payment methods based on the trader's geogrpahical location. For Indian traders, the recommended withdrawal modes are Visa, Mastercard, Skrill and Neteller. We collected the most important information related to Olymp Trade withdrawal in the below table:

Some users experience withdrawal problems such as delayed payments, payouts, not being processed, or account verification issues, so to fix these issues, you can contact Olymp Trade's support team is available 24/7 by email, chat, or phone.

How To Withdraw Money From Olymp Trade?

To withdraw money from your Olymp Trade account, just follow these steps:

OUR TIP: Always use your true personal information when registering for your account in Olymp Trade. It can make withdrawing money from your Olymp Trade account way faster and efficient! 

What are the Withdrawal Methods at Olymp Trade?

1. Bank Cards and Credit Cards

2. Online Wallets

3. Cryptocurrency

Cryptocurrency is another withdrawal method supported by Olymp Trade. You can withdraw your funds in Bitcoin, which you can further convert into your preferred digital currency. Cryptocurrency payments at Olymp Trade are processed to cryptology.com, within 24 hours to 5 working days. From there, you can withdraw your funds to your Ethereum or USDT wallet.

What Are the Withdrawal Fees on Olymp Trade?

Olymp Trade doesn't charge you ANY AMOUNT for your withdrawals, so the transaction fee is $0. However, you might get deductions from the payment channels you use for their services, so from a cost perspective, withdrawing your money in cryptocurrencies is one of the cheapest options, while e-wallets are usually the most expensive.

How Long Does It Take to Withdraw Money From Olymp Trade?

What are the Common Olymp Trade Withdrawal Problems?

There are four common problems traders encounter when attempting to withdraw funds from Olymp Trade:

1. Delay in Receiving Funds: Sometimes, traders don't receive their withdrawal after five days, although Olymp Trade shows the withdrawal as processed successfully. In such cases, we recommend you contact your bank as the issue might be on their end.
2. Payment Declined: Your payment can be declined if you try to transfer the amount to a blocked card or wallet. If the card or wallet you used for deposits gets blocked, you can withdraw using a different payment mode. However, this new payment method has to be approved by Olymp Trade first.
3. Verification and Document Requests: You must go through the verification process before asking for any payouts. If any documents are required, Olymp Trade will email instructions on how to upload or send them.
4. Unable to Withdraw Full Amount at Once: You might not be able to withdraw the entire amount at once due to the daily transfer limits of your bank or wallet. The withdrawal request is processed in this case, and payments will automatically come in portions until you receive the full amount.

If you encounter any of the above issues, contact Olymp Trade's support email at support-en@olymptrade.com.

Do I Need Verification Before Withdrawal on Olymp Trade?

Yes, you must go through the Olymp Trade account verification process before requesting a withdrawal due to Know Your Customer (KYC) regulations. KYC is crucial for Anti-Money Laundering (AML) compliance, deterring money laundering activities and fraudulent transactions on your account, and ensuring your true identity.

Olymp Trade is regulated by the International Financial Commission and this verification aligns with the regulatory compliance required for online trading brokers like Olymp Trade, safeguarding against unauthorized withdrawals from your account and ensuring only you, as the rightful account owner, can access the funds. Additionally, it aids in age verification to prevent underage individuals from engaging in trading activities.

Can I Withdraw Trading Bonuses at Olymp trade?

No, you can't withdraw any trading bonuses you received from Olymp Trade. Trading bonuses like the Welcome Bonus are considered virtual money that you can use for trading on the platform, but they cannot be withdrawn directly to your bank account. However, you can use these bonuses to make profits, and these profits are something you can withdraw.

How Do I Cancel My Withdrawal Request?

To cancel a withdrawal request at Olymp Trade, go to the "Transactions" menu of your account, and from there, you can cancel the request. You might want to do that because you accidentally made the payment request or want to change the amount.