Easy to Deposit but hard to Withdraw?

[raymond09]

Nowadays Binary Option is one of the best popular business in the entire world. However, Binary options brokerages often make it very easy for customers to deposit and start trading on their platform. Yet if you try to withdraw, at best you will find yourself in the process of document verification. At worst, you risk not seeing your funds again. Why is this the case?

[crimson69]

Hi, I trade in VaultOptions and they explain this to me and its pretty logic, transactions take time except when your doing it with the banks money, allow me to elaborate, if you wire a binary options broker it will take some time for them to receive the wire since is your own money, that the bank have to grab and send it to them, but when you fund your account with a credit card your not using your money, your actually using the bank money and the transaction is instant, that way you immediately own the bank money. For withdrawals the broker doesn't use a credit card to fund a individual its all done via transactions which they make thousands on daily base, so its better to wait for a secure withdrawal.

[runneroption]

It is not exactly right, but in brief yes you send to your broker money via credit card instantly, but withdrawal process needs to debit the broker’s bank account and that is why it is slower and more like a wire transfer.

[uj.forex]

not really, if u deposit funds from ur debit card then u can also withdraw the funds to that same debit card, without any need of wire transfer.... obviosuly, it depends on what broker u are using...

[willyw]

not really, if u deposit funds from ur debit card then u can also withdraw the funds to that same debit card, without any need of wire transfer.... obviosuly, it depends on what broker u are using...

Before opening account with a broker, besides checking on the creditabilty of the broker you also have check what modes of deposit and withdrwal methods are they offering.

[uj.forex]

yea true, thats what i said. u shud choose the one in which u have a payment method that suits u... either bank wire or moneybookers, or card transfer.... always believe on the rule of FREQUENT withdrawal.... dont let ur earnings pile up.... just withdraw frequently