One of the things to keep in mind about a broker is their withdrawal. This is perhaps the one thing that will differentiate the legit brokers from the scam ones. Having a broker that provides all the features, but lacks the ill repute of withdrawal process, might backfire when dealing in the trade market.

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This is why we will understand how good the withdrawal process of OptionsXO is – whether it is really that good or not. OptionsXo was established in the year 2012 and has been under rigorous review of the consumers since then. There is nothing unique about this platform it; just works on TechFinancials platform.

OptionsXO Withdrawal | How to Withdraw Your Funds?

To begin with, their withdrawal process, you will have to first log in to your account and go to their “my account” section. Since their platform is similar to many other websites, you will be able to notice a lot of similarities between other platforms and this one, if you are an experienced trader.

However, the process here is a little tougher than other platforms like 24option, because here you will have to actually fill out an entire form and send this form first to ensure that your withdrawal process is carried out smoothly.

This process is tedious because if you have made any slight mistake in your form, then you will have to start all over again to process the request.

OptionsXO Withdrawal | Withdrawal Processing

Now that you have sent the form to be processed, you will have to wait for the funds to be transferred, which will take up to 5 days. We already know that most reputed brokers take about 2-3 days to transfer the funds in our accounts. Considering this, OptionsXO is lagging behind in terms of transferring this amount to the brokers.

What is worse is their customer support, if you type the brokers name and “complain” on search engines, you will be able to find that a lot of people are dissatisfied with the poor customer servicing and reply on the broker’s part. This is de-motivating, especially for the novice trader.

OptionsXO Withdrawal | Withdrawal Regulations

When it comes to regulations, we advise the traders to really read all the instructions in their policies, as there really are several regulations when it comes to withdrawals. For example, you will be able charged a fee up to 25 USD/EUR/GBP every time you process a withdrawal request.

This means that you do not even get a single free withdrawal on any month. Some companies such as CTOption, offer first withdrawal every month for free, that too for the basic account holders, for higher account holders, unlimited free withdrawals are given.

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This is a great disadvantage for the traders – given that for multiple withdrawals up to 4 times, 100 USD is a tough sum to pay.

Apart from that, the other regulation suggests that you will be able to withdraw via the same currency through which you had paid your initial deposit. This means that if you had deposited in USD, your withdrawal can only be in USD.

OptionsXO Withdrawal | Withdrawal Complaints

Regarding withdrawals, there are a lot of complaints in the online forums. While doing our research, we found that there were more than plenty dissatisfied consumers of the OptionsXO broker and yes, there were many new traders who were not acquainted with their policies, but not all of them fell into this category.

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After checking the withdrawal process of the most popular brokers, our team picked only few 100% Trusted Brokers.

We highly recommend you CTOption, this broker also accepts US clients.

So it can be safe to say that there are certain inconsistencies with OptionsXO and we cannot recommend the withdrawal process of this broker.

Conclusion: OptionXO Withdrawal Policy is NOT Satisfactory

After making detailed research and trying out the withdrawal policy of OptionXO, our team concluded that OptionXO 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.