Withdrawal Policy
At ICMarkets, we prioritize transparency and efficiency in our withdrawal process to ensure a seamless and secure experience for our customers. Please review the following guidelines and procedures before initiating a withdrawal:
Eligibility for Withdrawals
- Customers must complete the required verification process, including submitting a valid ID and proof of address, in accordance with our company’s compliance requirements.
- All outstanding balances must be cleared before a withdrawal request can be processed. Any pending dues may result in the cancellation of the request.
Processing Time
- Withdrawal requests are typically processed within 5 business days from the date of submission. However, processing times may vary depending on factors such as the customer’s account status, withdrawal amount, and the selected payment method.
Third-Party Withdrawals
- Withdrawals can only be made to accounts that are registered under the same name as the trading account holder.
- For security reasons, third-party withdrawals are strictly prohibited.
Compliance with Anti-Money Laundering (AML) Regulations
- To comply with AML regulations, we may request additional documentation or verification, especially for large withdrawal amounts or ertain account activities.
Fees & Charges
- If you withdraw more than 20% of your profits or choose to close your account, applicable fees such as management fees, swap fees, and liquidity provider fees must be settled before the withdrawal/closure process can be completed.
- These fees must be paid in advance as our account segregation policies prevent direct deductions.
Additional Terms & Conditions
- This withdrawal policy is part of our broader Terms of Use, which collectively form a legally binding agreement between the User and ICMarkets.
- By accessing and using this website, all users unambiguously agree to comply with the applicable Terms & Conditions.
- Any activity on or through this platform is subject to our policies.
Please note that this policy is subject to change based on internal updates. We encourage customers to review our policies regularly and reach out to our support team for any inquiries regarding the withdrawal process.
At ICMarkets, we are committed to ensuring a secure and compliant trading environment while facilitating smooth and timely fund withdrawals for our clients.