OptionTime is a fairly recent binary options broker, established in the year 2013. They have been in the market for lesser time and thus it is important to consider what they have to offer before heading off to invest with them.

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When it comes to binary options, it is important to note that the withdrawal of the broker is swift and easy to process.

They should ensure that their withdrawals are on time and that the traders are provided full support during the period of withdrawals. We have to check whether OptionTime fulfills these criteria or not, to ensure their credibility.

OptionTime Withdrawal | Withdrawal Pprocess

Their withdrawal process is the same as all other businesses. They allow you to withdraw funds via the original source, which you had used to deposit the amounts. For example, if you had used the credit or debit cards to fund your trades, then you can withdraw via that source itself.

There are different ways to deposit your initial amount. You can deposit your amount here via credit cards, that is, Diner’s Club or MasterCard, web money, money bookers, Neteller or bank transfer. These are basic methods which are available on every platform.

The withdrawal process seems not to have any other special features. But they are fairly alright.

OptionTime Withdrawal | Limits Upon Withdrawal

There are different regulations for different processes of withdrawal. OptionTime allows a minimum deposit of 200 EUR/USD/GBP, but you will have to withdraw through the same method which you used, so you have to choose the initial deposit method carefully.

When you are selecting a withdrawal request on the platform, you have to verify which mode you want to receive the payment in. If you choose the standard bank process it takes about 5 to 7 days to deliver the funds to your accounts.

Bonus Fact:

It is often practice that a trader can withdrawal money only via the method or the card he/she made the deposit with, which is an inconvenience for some clients.

Broker with no such limitations is CTOption.

So if your initial deposit was through bank method, then you will have to wait this long to get your accounts delivered.

If you withdraw via credit cards, then you will be able to receive them faster, as per the company guidelines, but you will have to withdraw some initial amount to be qualified for card withdrawals. You need to have at least a 100 USD/GBP/EUR to get your funds transferred to your bank accounts.

OptionTime Withdrawal | Withdrawal Privileges

If you are a VIP account holder, your withdrawal will get processed within 24 hours, but if you are a normal account holder, your withdrawal will take 48 hours to process.

Considering that most traders take time to trust a broker enough to become VIP members, this facility will not be beneficial to the majority of traders, as they will begin from an average account on this platform. Especially the novice traders, who will open a new account on this platform, will not be covered by any withdrawal privileges.

OptionTime Withdrawal | Problems Eelated the Withdrawal Policy

When a trader is interested to know about the broker, they first look for the loopholes in the company. These help to indicate whether they are scam or not. But withdrawal policy goes a long way in determining whether a company is a scam or not.

Many traders think that if a broker is giving out 50% or 100% bonus, they can invest 1000 USD and take out 1500 UDS. However, things are not that simple, one needs to meet the trade volume, that is, 40 times and the value of the bonus, to receive the withdrawal of the bonus.

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This is the same with OptionTime withdrawal. If you have wanted to withdraw your bonuses, then you must match up to their trade volume.

While OptionTime gives you a fair withdrawal, it does make some part of the withdrawal process a headache to the traders, hence we cannot recommend it.

Conclusion: OptionTime Withdrawal Policy is NOT Satisfactory

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