A binary options broker does not withdraw profit. What can be the reason?

So, after a certain period of trading binary optionsYou have a profit in your account which you have decided to withdraw. However, the binary options broker refuses to withdraw your hard-earned money. How could this be? That's mine! Especially ardent traders immediately rush to forums to open themes with claims to the broker. But is it about the broker? For what reasons, that depend on you, a broker of binary options can refuse to withdraw the profit?

Binary options broker does not withdraw profit because ... verification is not passed

Among many binary options traders there is an opinion that verification - is a way of complicating the already difficult life of a trader, which is specially invented by the broker. Verification is a mandatory requirement imposed on binary options brokers by the financial institutions which regulate their activities. The presence of a verification procedure at the broker of binary options is an indication that the company operates in the legal field. The list of documents required for verification may differ slightly from broker to broker, but the basic elements everywhere are a copy of the passport and a copy of the credit (charge) card.

Recommendation of ForTrader.org: In order to withdraw money quickly and safely, you need to prepare the necessary documents and pass verification in advance.

You have an unearned bonus in your account

Unfortunately, at the moment, almost all of the leading binary options brokers slightly tightened the rules of withdrawal and withdrawal provided bonus funds.

Previously, a client could withdraw his earned profit without touching the bonus and basic funds, but now, until the bonus is worked off, you will not be able to withdraw profits. The only funds you will be able to withdraw are your own money that you deposited into your account. In this case, both the bonus and the profit made will be burned.

ForTrader.org magazine recommendations: When using bonus funds, you should clearly understand that you are assuming additional obligations. Read the terms of the bonus carefully, and then decide whether you need it or not. Remember that the bonus is essentially a means of binding the trader to the broker.

The amount of withdrawal specified in the application exceeds the amount in the account

Almost every third trader has encountered this rather painful situation. Its essence is as follows. A certain profit has been earned. A request for withdrawal of funds from the account is formed. While the request is being processed by the corresponding service of the broker of binary options, the trader continues to trade, in case of loss of which the funds in the account are reduced or can be lost altogether.

Recommendations of ForTrader.org: Until the broker processes the withdrawal request and writes off the specified amount from your deposit, it is better to refrain from binary options trading. Take a rest from trading, take a break - it will only do you good.

No credit (charge) card is provided for withdrawal

Within the framework of existing legislation, licensed binary options brokers it is forbidden to withdraw to an e-wallet an amount greater than that which was deposited from it.

Recommendations from ForTrader.org: to simplify this technical moment of withdrawal, it is better to have a credit or charge card. At the moment - this is the most reliable and convenient way to deposit and withdraw funds when working with binary options brokers.

How do I start with a binary options broker?

Unfortunately, most traders, in their desire to make quick money, do not read the terms and conditions of the client agreement, which often leads to their violation. However, as they say, ignorance of the law does not exempt from responsibility.

To avoid future problems with the withdrawal of money, the experts of ForTrader.org recommend to start working with a broker of binary options with the clarification of the following points:

• What documents are necessary to go through the verification procedure. It is necessary to take into account that the passport has an expiration date, as well as the presence of a credit (charge) card.
• How long does it take to withdraw funds. Money cannot be transferred instantly. The terms of application processing and withdrawal of funds are specified in the company's regulations and can take from 1 to 14 days.
• Conditions for receiving a bonus and the rules for working it off. As a rule, by working off the bonus is understood the commission of transactions on the same account to accumulate the necessary trading turnover. The trading turnover does not depend on whether the trade was profitable or unprofitable, but represents the sum of all funds invested in the trade.
• Rules and conditions for withdrawing profit. It is necessary to clearly understand how to withdraw the net profit received from the deposit, if its replenishment took place through an electronic purse.

The actions of any trader are aimed at making a profit. However, when trading binary options, it is not enough to make a profit on the account. To withdraw it, it is necessary to adhere to all the conditions and established rules. Only in this case work with a binary options broker will be easy and trading will bring not only profit, but joy and positivity.