The key to success in binary options trading world is to have a reliable broker that makes you feel safe that your money is being handled by efficient people. Spotfn is regarded as a new broker in the market of binary options trading having emerged in the year 2010.

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Yet, this has been able to gain the attention of huge traders making its way into one of the leading traders of the present market scenario.

The company is actually based in the United Kingdom, but is has been able to make an overall expansion of the market by providing the traders the essential tools and features that are necessary for successful binary options trading.

Spotfn Features

The best feature provided by this company is that you will be able to select a various trade options that include, binary trade, 60 seconds, build an option and target option. The build an option provides you for the selection of the expiry time of the trade and also evaluate the risk/profit margin.

The target options can be traded at any time of the weekends. The Spotfn is able to offer the mobile app which enables a trader to make dealings even on the go.

Spotfn WithdrawaliIssues

While trading in binary options look comparatively easy for a lot of people but it must be remembered that all the offers and features provided by the binary options trading platforms have flaws which prevents the trader to enjoy the complete benefit. The same is the scenario of Spotfn withdrawal.

The major issue of the Spotfn withdrawal is that a trader must make a minimum withdrawal of $100. This regulation is not appreciated by many traders as they want to withdraw small amount of money at regular monthly intervals.

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Spotfn Withdrawal Problems

There have been a lot of complaints regarding the Spotfn withdrawal verification process. This is due to the fact that the document verification process takes a long tie of almost 2-3 days.The verification process includes submission of a valid photo identity proof issued by the government, a proof of permanent address and a copy of the credit card that have been used at the time of deposit.


After the deposition of the documents to the Spotfn withdrawal finance department, it takes for 3 days to complete the verification and after that, for the total transaction to be complete, and the deposit of funds into your account takes a minimum of 10-11 days.

This time interval is really annoying for a lot of traders. Though there are attempts on behalf of the company to provide the customer as early as possible but it has to abide by the regulations.

The next factor that can be said to be problematic for the Spotfn withdrawal is the bonus and additional offers provided during the initial deposit of the money for starting the trade. The problems with the bonus offers are faced during the time of Spotfn withdrawal.

This is because a trader is not at all allowed to withdraw any amount of money unless all the requirements have been cleared by the trader to attain the bonus offer. And not only that, the trader has to trade an amount of money that is double the amount of bonus offered to the trader.

Warning!

Make sure that Your broker has NO hidden terms & conditions for receiving a bonus or withdrawing money. Some brokers often use high bonuses to attract you.

Broker with transparent bonus policy is CTOption. Our team tested & approved its withdrawal process.

Before completing the above steps the trader is not allowed to withdraw any amount of money. These factors have brought allegations against the bonus offers that, if a trader is not able to withdrawal their earned amount of money, then what is the advantage of these offers. This factor must be considered by the company.

Conclusion: SpotFN Withdrawal Policy is NOT Satisfactory

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