Withdrawing funds from your trading account is designed to be straightforward and efficient. To ensure a smooth process, it’s important to understand how withdrawals are processed, the timing involved, and the requirements for a successful withdrawal request.
Withdrawal Processing Time
- Standard Processing – Withdrawals are typically processed within 24 hours of submission, provided the request is made on a business day. This timeline allows us to verify the details of your request.
- Instant Processing Methods – Certain withdrawal methods are processed instantly. These methods provide the quickest access to your funds and are detailed in our Instant Withdrawal Methods article.
Manual Processing of Withdrawals
Some withdrawals require manual processing. In these cases:
- Funds Remain in Your Account – Your funds will stay in your trading account after you’ve submitted the request. This status remains until our payment processor begins the release process.
- Deduction After Release – Once our payment processor has approved and released the requested amount, it will then be deducted from your trading account balance.
Margin Level Requirement
To ensure the approval of your withdrawal request, please ensure that your trading account will maintain at least a 150% margin level after the withdrawal amount is deducted. This requirement helps manage risks and ensures that your account remains in good standing.
Tips for a Smooth Withdrawal Process
- Check Withdrawal Methods – Familiarise yourself with the withdrawal methods available, including any that offer instant processing, to choose the one that best suits your needs.
- Maintain Required Margin – Before submitting a withdrawal request, calculate your expected margin level post-withdrawal to ensure it meets the 150% requirement.
- Plan Ahead – Considering withdrawal processing times, plan your withdrawals to avoid any inconvenience or delay in accessing your funds.
By following these guidelines, you can ensure that your withdrawal process is both efficient and successful. If you have any questions or require further assistance, please don’t hesitate to reach out to our support team at [emailprotected].
FAQs
You can only withdraw funds to the same card used for deposit. If multiple deposit methods were used, Visa/Mastercard will be the first method for withdrawal. Profits can be withdrawn after all card deposits have been refunded and will be transferred to your preferred method.
How long does it take for Blueberry Markets to process withdrawals? ›
We process withdrawals between Mondays and Fridays within 24 hours of the request being made through the Client Portal.
Does withdrawal take money out? ›
What Is a Withdrawal? A withdrawal involves removing funds from a bank account, savings plan, pension, or trust. In some cases, conditions must be met to withdraw funds without a penalty.
Is BlueberryMarket legit? ›
No matter how you came across Blueberry Markets, you should know for sure whether it is a secure and legit broker before you trust it with your money. You can rest assured that Blueberry Markets is not a scam but a legitimate entity. Regulated by the Australian Securities and Investments Commission.
How long withdrawal requests are processed? ›
A withdrawal request takes up to 2 working day to reflect in your bank account. If it has been over 48 hours since you made the request, we request you to check with your bank first.
How long does it take to withdraw money into your account? ›
In most cases, yes, bank transfer times are instantaneous. However, banks will occasionally hold onto your funds for several days. There are a wide range of reasons that this could be the case, but it's most likely to happen to anomalous or especially large transactions.
What is the quickest way to withdraw money? ›
How to withdraw cash from a checking account: 3 ways to do it
- Use an ATM. One of the easiest ways to quickly withdraw cash from the bank is to use an automated teller machine (ATM). ...
- Cash a check. ...
- Use a debit card to get cash back at stores.
Various withdrawal options include:
- ATM withdrawals. Widely accessible: Banks offer nationwide ATM networks, allowing you to withdraw from any participating ATM, not just your bank's. ...
- Visit bank. Personal touch: Speak directly with a customer executive to withdraw your desired amount. ...
- Cheques.
In some cases, it can decline for months or even years. As a result, some retirees like to use a 3 percent rule instead to reduce their risk further. A 3 percent withdrawal rate works better with larger portfolios. For instance, using the above numbers, a 3 percent rule would mean withdrawing just $22,500 per year.
What is the the withdrawal rule? ›
The 4% withdrawal rule calls for retirees to withdraw that portion from their investment portfolio in the first year of retirement, and subsequently adjust their annual withdrawals for inflation. But in the decades since the strategy was created, retirement planning has changed.
“Financial institutions are legally obligated to file a currency transaction report (CTR) for cash transactions exceeding $10,000,” he explained. “This reporting mechanism aims to combat money laundering and other illicit activities.”
How long does blueberry market withdrawal take? ›
Withdrawals are handled by our Finance Department, which operates from 9 AM to 6 PM AEST/AEDT, Monday to Friday. Requests submitted after 4 PM AEST/AEDT will be processed on the next business day. Withdrawals made on weekends will be processed on the following Monday.
Who owns Blueberry Markets? ›
Blueberry Markets was founded in 2015 by Dean Hyde who is now heading the broker as the Chief Executive Officer. Hyde was previously at Axi, another Australia-headquartered CFDs broker, and has onboarded multiple former executives from Axi, including the Chief Commercial Officer at Blueberry, Ajak Biar.
Is Blueberry a good broker? ›
Blueberry Markets delivers tight spreads, high leverage, and a premium trader account. I like the Premium Trader account at Blueberry Markets for active traders, as it lowers trading fees. Additionally, beginners get a quality educational package from a trusted broker with 24/7 customer support.
How long does just markets withdrawal take? ›
1-2 hours during the operating hours of the Finance Department. The usual processing time is up to seven banking days.
How long does it take for cash to be available for withdrawal? ›
Generally, a bank or credit union has until at least the next business day to make your cash deposit available to withdraw or to use these funds to cover your checks and debits.
How long does it take to withdraw money from go markets? ›
Processing times:
Withdrawal requests are processed within the same business day or the next working day if the request is made outside of the Company's working hours.
How long does IC Markets take to process withdrawal? ›
Credit / Debit Card withdrawals* are processed free of charge. Once processed, Credit / Debit Card withdrawals may take 3-5 business days to reach you credit card. You should however be aware that in some rare occasions, this may sometimes take up to 10 business days depending on the banks end.
