Withdrawals
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Trading foreign exchange on margin carries a high level of risk.
Withdrawals
BlackBull Markets strives to process all client withdrawal requests in under 24 hours for our client’s convenience and peace of mind. It is important to us that our clients have access to their funds as quickly and as reliably as possible.
To withdraw funds from your account, you need to login to your BlackBull Account through the Client Portal. In the Client Portal, under ‘Funding’, click the ‘Withdraw Funds’ button to begin submitting a withdrawal request.
The withdrawal fees and rules are explained below for each withdrawal method.
For further inquiries, please contact us at support@blackbullmarkets.com
Withdrawal Fees
BlackBull Markets does not charge for sending payments. However, transfer fees are applied by our remitting bank(s) or Payment System Provider which are shown in the table below:
|
Withdrawal Method |
Withdrawal Fee |
|
Credit Card |
5.00 Base Account Currency |
|
Neteller |
5.00 Base Account Currency |
|
Skrill |
5.00 Base Account Currency |
|
Bank Transfer |
20.00 Base Account Currency |
Please note:
- For JPY accounts, 5 USD is charged for Withdrawals via Credit Card, Neteller or Skrill and 20 USD is charged for Withdrawals via Bank Transfer. Currency conversion will be at the exchange rate (+2% conversion fee) at the time of withdrawal approval.
- After a certain threshold – fees charged are at our discretion.
Credit Card Withdrawal
If you have initially funded your account via Credit Card(s), you must withdraw your funds via the exact same Credit Card(s) up to the amount you initially deposited using the card.
The maximum amount that can be withdrawn is the amount of your initial deposit. Profits or amounts in excess of the deposit amount can only be processed by Bank Transfer.
Once your Credit Card Withdrawal has been approved, it may take 3-5 business days for the funds to arrive in your account.
Examples
- If you originally deposited 500 USD to your account using Credit Card XXXX-XXXX-XXXX-5555, when making a withdrawal, you must withdraw to the same Credit Card XXXX-XXXX-XXXX-5555 up to 500 USD.
- If you originally deposited 500 USD to your account using Credit Card XXXX-XXXX-XXXX-1234 and 200 USD to your account using Credit Card XXXX-XXXX-XXXX-7777, when making a 700 USD withdrawal, you must submit 2 separate withdrawals: 500 USD to Credit Card XXXX-XXXX-XXXX-1234 and 200 USD to Credit Card XXXX-XXXX-XXXX-7777.
- If you originally deposited 500 USD to your account using Credit Card XXXX-XXXX-XXXX-4321, when making a 800 USD withdrawal, you must submit 2 separate withdrawals: 500 USD to Credit Card XXXX-XXXX-XXXX-4321 and 300 USD via Bank Transfer.
Payment Service Provider Withdrawal
If you have initially funded your account via a Payment Service Provider such as Neteller or Skrill, you must withdraw your funds via the exact same Payment Service Provider up to the amount you initially deposited.
The maximum amount that can be withdrawn is the amount of your initial deposit. Profits or amounts in excess of the deposit amount can only be processed by Bank Transfer.
Examples
- If you originally deposited 500 USD to your account using Neteller, when making a withdrawal, you must withdraw via Neteller up to 500 USD.
- If you originally deposited 500 USD to your account using Neteller and 200 USD to your account using Skrill, when making a 700 USD withdrawal, you must submit 2 separate withdrawals: 500 USD via Neteller and 200 USD via Skrill.
- If you originally deposited 500 USD to your account using Neteller, when making a 800 USD withdrawal, you must submit 2 separate withdrawals: 500 USD via Neteller and 300 USD via Bank Transfer.
Bank Transfer Withdrawal
If you have initially funded your account via Bank Transfer or you are withdrawing profits (amounts in excess of the deposit amount), you must withdraw your funds via Bank Transfer.
Once your Bank Transfer withdrawal has been approved and processed by our finance team, it may take an additional 3-5 days for the funds to arrive in your account.
Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921). We are also registered with the Financial Services Provider Register (number: FSP403326).
Black Bull Group UK Limited is registered in United Kingdom, Company Number - 9556804. Payment clearing services provided by: BlackBull Group UK Limited (Company Number - 9556804) Address - 483 Green Lanes, London, Greater London, United Kingdom, N13 48S
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
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