One of the most important factors to take into account when choosing a broker is their withdrawal policy. When you trade FX, one of the most important aspects of money management is withdrawing funds from your Maunto trading account. In this article, we’ll walk you through the process of withdrawing funds from your Maunto account.
Any trader, regardless of skill level, must understand the withdrawal process in order to ensure a smooth transaction. Let’s move on now!
Minimum Withdrawal Amount:
To initiate a withdrawal from your Maunto trading account, you should be aware of the minimum withdrawal amounts. For credit card withdrawals, the minimum withdrawal amount from your Maunto account is 10 USD/JPY for Credit Card and 100 USD/JPY. If you prefer wire transfers, the minimum amount is 100 EUR/USD or 15,000 JPY. For e-wallets, you can withdraw any amount as long as it covers the applicable fees.
The Withdrawal Process:
Image source: Maunto Login
- Logging in to your Maunto account is the first step in initiating a withdrawal.
- Once you’re logged in, navigate to the withdrawal page.
- Here, you will find simple instructions guiding you through the process.
- Fill in the required information accurately, including the withdrawal amount and the preferred payment method.
Processing Time:
Maunto typically requires 8 to 10 business days to execute and finish the transaction following the submission of your withdrawal request. However, please be advised that the processing time may vary depending on your local bank’s internal standards.
Important Points to Bear in Mind:
✅Can I Withdraw While I Have Open Positions?
Of course you can! You have the freedom to begin a withdrawal at any time, even if you have open positions. However, be sure that you have sufficient margin in your trading account to cover both the withdrawal amount and any other fees the broker may charge.
✅What Are Maunto’s Withdrawal Fees?
Maunto maintains the right to charge withdrawal fees under specific circumstances. To understand the relevant fees, it is imperative that you review the General Fees document provided by the organization. Kindly read this document carefully so that you are aware of the expenses associated with your withdrawal.
Image Source: Maunto’s Help Center
The Last Word
With just a few simple steps, you may easily withdraw money from your Maunto trading account: log in, fill out the necessary information, and follow the instructions on the withdrawal page. It’s critical to remember the minimum withdrawal amounts and any potential fees that may apply. It’s also important to keep in mind that the time it takes for your withdrawal to be processed may vary based on your local bank. By following these guidelines and keeping yourself informed, you should be able to handle the withdrawal procedure with ease and have a hassle-free experience.
