Is it impossible to withdraw money with your binary options broker?

impossible withdraw money binary options

It is not unusual to find traders who have difficulties when it comes to making cash withdrawals from their binary options broker. Generally, the impossibility of withdrawal is linked to techniques but sometimes it can also be due to the lack of honesty on the part of the broker. Today, we are shedding some light on this problem and explain to you through this article everything you need to know to ensure that the withdrawal of money is no longer a problem for you.

Unverified trading account

This is a possibility which may explain why you are unable to withdraw money from your binary options broker. Verifying the binary options account is a necessary process which brokers generally take to heart. If you have not verified your binary options account, then you will probably not be able to withdraw your money immediately. The verification process that is required aims at securing the financial transactions of brokers’ clients. This allows the broker to ensure that the trader is important and to especially assign its true identity, hence the broker can effectively fight against money laundering but also against credit card fraud for example. Once the identity is verified, then you should have no trouble withdrawing money from the binary options account.

Unfulfilled conditions of the bonus on deposit

When you become a trader with a binary options broker and you agree to receive a bonus on deposit, note that conditions apply for this bonus. For example, if you open a new TopOption account through our website, then you will enjoy a 100% bonus on deposit, while this broker does not normally offer any bonus on deposit. With this broker, a rule of 40 is applied which means that the trader who has obtained a bonus on deposit must bet up to 40 times the total amount of the deposit and the bonus. If a deposit of $ 500 has been made and a bonus of $ 500 was awarded, the trader therefore has $ 1000 and must invest $ 40,000 in positions before being able to withdraw all of his money and generated earnings thanks to the allocation of this bonus.

Scammer broker?

This is also a possibility that may explain why you have trouble withdrawing money from your broker. The binary options trading is an activity that attracts many individuals since it is a relatively simple way to make money online and supplement one’s income. However, binary options do not only attract individuals, they also appeal to all kinds of scammers and fraudsters. Thus, it is important to verify that the broker with whom you are a client is not on the blacklist of binary options brokers. It is also highly recommended to choose a regulated binary options broker as well as check the broker’s reputation on the Internet. By following these simple tips you will avoid scammer brokers and you will not have difficulty making cash withdrawals with the broker that you have selected. Scammer brokers are simply intending to steal money from innocent victims, who are the investors. To achieve their ends, they do not hesitate to lie and manipulate investors. Therefore, it is essential to stay away from these unscrupulous companies.

Choosing a regulated binary options broker

To avoid to the maximum the problems of cash withdrawal, the solution is definitely to choose a regulated binary options broker to practice trading. Regulated binary options brokers are recognized as being serious; these brokers are authorized to provide financial services to traders in some jurisdictions since they have been approved after having received the licenses of their local financial market regulators. For example, the regulated TopOption broker received licenses from financial regulators such as the AMF, the CySEC, the CNMV, the CONSOB, the FCA and others. The TopOption broker is therefore authorized respectively in France, Cyprus, Spain, Italy, the United Kingdom, especially at the European level.

Note also that choosing a regulated broker and opening a binary options account through one of the links listed on our website allows you to benefit from certain advantages such as a 100% bonus on deposit upon opening an TopOption account , while this broker does not offer any bonus in normal circumstances. The guarantee is also an exclusive privilege that you can benefit from through our website when opening your binary options account with one of our partner brokers.

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  1. Marcus Reynolds said: 14/03/2016

    never had a problem really – always use a regulated broker

    • Dimitri said: 29/03/2016

      That’s right ! 😀


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