OneTwoTrade is a leading brokerage company that is providing traders from around the world to trade in binary options. They are authorized and regulated by the Lotteries and Gaming Authority in Malta. This raises a question among many traders.

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Not being regulated by any financial services agency, but by a Gambling commission, means their platform does not have any financial investment product to offer the traders. If that is indeed the case, then the traders might not be safe to trade on their platform.

But at least on this platform, if anything does not go as promised the traders know where to find them or to complain to the Lotteries and Gaming Authority.

OneTwoTrade Withdrawal | Methods of withdrawal

OneTwoTrade supports withdrawals via wire transfer or credit cards, just like all other companies. Since it is not regulated, there are no hard and fast rules that you have to withdraw by the same method which was used by you for depositing the amount.

So for example, if you had deposited via wire transfer, you can withdraw via credit or debit cards. The processed are definitely not as secure, as they are in the case of the CySEC or EU regulated brokers, but they have been doing fine till now.

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OneTwoTrade Withdrawal | Withdrawal process

Every broker takes a processing time to process your withdrawal request. So does OneTwoTrade, once you have placed the request for your funds being transferred, OneTwoTrade takes 3 days for processing your request, which is okay by the industry standards and after that your money is transferred to your account within 3-5 days.

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The withdrawal process of OneTwoTrade is fairly average, as there is nothing extra in the withdrawal process. The regular verification process which you have to go through in all other platforms, have to be gone through in this platform too.

OneTwoTrade Withdrawal | Withdrawal regulations

OneTwoTrade places huge regulations upon withdrawals. Every time you withdraw a fund, you will have to pay a fee on bank transfers. While there are many platforms which allow the traders to withdraw funds for free every month, this policy of OneTwoTrade puts the traders at a great disadvantage.

Not only do you have to pay this fee one time, but every time you withdraw funds from your account, you will have to pay a fee of 50 USD or 1% of your withdrawal amount – whichever is greater, on all the bank transfers.

So if you have less than 250 USD on your account and you are requesting a withdrawal, which is equal to or less than 250 USD, then you will be eligible for a withdrawal fee of 25 USD.

OneTwoTrade Withdrawal | Withdrawal problems

With regards to the OneTwoTrade brokers, the traders face a huge problem during their withdrawal. Many first time traders feel cheated when they are looking to withdraw their funds.

Since majority of the brokers gives the first withdrawal for free, the charge that OneTwoTrade demands upon their withdrawal seems outrageous to most traders.

Another thing that is limited in the process of withdrawal is the methods by which the funds can be withdrawn. The funds can be withdrawn through e-wallets, credit or debit cards and bank transfers. While comparing with other brokers we see that there are also other forms of withdrawals available.

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Always choose binary options broker that offers as much methods for deposit and withdrawal as possible. This will comfort your trading and it will be easier for you to operate with your money.

One of the brokers with variety of banking methods is Banc de Binary.

So if a trader wants to withdraw is money to another account, then he will be unable to do so via OneTwoTrade broker, this is a huge disadvantage in this case.

Other things being constant, if we only consider the fee option, then it is quite a high fee for the average trader to be paying for a withdrawal.

Conclusion: OneTwoTrade Withdrawal Policy is NOT Satisfactory

After making detailed research and trying out the withdrawal policy of OneTwoTrade, our team concluded that OneTwoTrade has a slow and complicated withdrawal process. Our research shows that there are other brokers with a much more satisfactory withdrawal policy. Currently the broker with the fastest withdrawal approvals is BinaryMate – 2 working days on average.