Picking the right Forex Brokerage house can be challenging. There is a lot to care about, such as conditions, trading instruments, account types, deposit, and withdrawal options. Even some of the most popular brokers have some features that lead to inconvenience for many people.
Blackstone Futures is a prominent name among Forex brokers. Its features offer maximum convenience so that new traders can start working with it. One of the most frequently asked questions about the broker is about their withdrawal options.
But, we have got it covered for you. Here is all you should know about Blackstone Futures Withdrawal.
Blackstone Futures Withdrawal Options
First, let’s look at a brief introduction about the broker. Blackstone Futures is a South African brokerage house operating since 2009. Its headquarter is located in Johannesburg.
The broker is regulated primarily by FSCA under the FSP 49846. In addition to that, several other international bodies supervise it from Australia (ASIC) and the Bahamas (SCB).
Blackstone Futures is mainly known for its tighter spreads and trading platforms. It supports MT4 as well as CloudTrade, which is the broker’s own platform.
With that said, let’s look at different aspects of Blackstone Futures Withdrawal.
- Blackstone Futures Withdrawal Methods
Blackstone Futures supports a variety of withdrawal options. You can go for simple methods, like Debit Card and local transfer options. For USD, ZAR, and GBP, users can also use Bank Wire Transfer. All the withdrawals are sent via EFT (Electronic Funds Transfer) to South Africa as well as other countries.
There are also various popular methods, such as Neteller, Skrill, Ozow, Wirecard, etc. These same options are also available for Deposits. However, the amount for that depends on the account type you choose.
- Blackstone Futures Withdrawal Fees
Many popular brokers have a specific withdrawal fee. For instance, you will find some deducting 1% from your amount. On the other hand, many others let this depend on the withdrawal method.
Luckily, Blackstone Futures do not have any withdrawal fees. You can get your total amount without any deduction charges. However, your bank charges will still apply.
- Blackstone Futures Withdrawal Timing
Another interesting thing about Blackstone Futures Withdrawal is that it does not take too long to withdraw your money.
It mainly depends on the option you choose. Some of them are quick and get you the full money in no time. As opposed to that, some take a couple of days. The latter is usually the case with direct bank transfers.
If you apply for a withdrawal before 13:00 GMT+2 on business days, you can get it on the same day. But, Blackstone Futures claim that once the money leaves your Forex account, it is out of their hands. That is because some banks and other payment methods can take a long time to process this money.
If you are concerned about Blackstone Futures Withdrawal, this article will help you out. Considering their payment options, timing, and fees, you can decide whether the broker will work for you or not.
If you want to get started, you can always try a demo account. This way, you can understand the brokerage company’s working and without paying the initial deposit.