One of the most technologically advanced brokers, Pepperstone is known for its tight spreads, a quick system of order execution, and overall favorable trading conditions. However, there’s a very important thing for every broker that often gets missed out: withdrawal conditions. After all, if you can’t withdraw your money without paying extreme fees or waiting several weeks, such a broker is not useful. In this article, we explain how withdrawals work with Pepperstone.
Pepperstone is an online broker based in Melbourne, Australia. It’s efficient and reliable, and all of its actions are closely monitored by ASIC and FCA. The regulators make sure your funds are stored only in the most secure banks, and that means you can really trust the broker. Pepperstone is known as a very fast broker that takes order execution speed very seriously, and that’s one of the reasons why it attracts so many professional traders.
However, novice traders also favor Pepperstone for its wide variety of assets and trading platforms: it allows you to try all kinds of options and choose the right one for you. The minimum deposit is $200, and the leverage is up to 1:400. The trading fees Pepperstone charges are considered relatively low, so it’s pretty convenient to trade with the broker. But what about withdrawals? Let’s see how it works here and how to withdraw from Pepperstone when you’re ready.
Withdrawing from Pepperstone
Pepperstone features several available withdrawal methods. You can use bank transfers to withdraw money directly to your bank account, and there’s also an option to send them to your credit or debit card. However, both of these methods can take several days. If you need to receive your funds right now, choose the eWallet option: such withdrawals are usually processed within a day. Pepperstone allows you to choose among many wallets, including PayPal, Neteller, Skrill, and so on.
The withdrawal process itself is very easy. Just sign in to your Pepperstone account, go to the Funds page, and select the Withdraw option. The website will show you all of the available options and tell you all the details about them. All you need to do is choose the right one, enter the quantity you wish to receive, and submit your application for withdrawal. Generally, the broker doesn’t charge any fees, but you’ll have to pay $20 for wire transfers outside the EU and Australia.