Please contribute information about your larger withdrawal experiences with various brokers. Your input will be valuable to other profitable traders.
As you know, no matter how good your trading system or EA is... No matter how profitable your account becomes... Unless you have a reputable broker that will honor your withdrawal requests and process them as expected, your huge profits would actually equal a loss. The bottom line is that no matter how good a broker says they are, no matter how good their fills or service, unless they can process large account withdrawals they cannot be considered a capable broker.
If you have any experience withdrawing large amounts of profits, please list the broker name and range of profit amount that you have withdrawn without problems using the categories below.
Please only submit your withdrawal experience with taking out profits. Many brokers don't have a problem if you put in 50K and subsequently request take out 30K of your original deposit. However, if you put in 5K, generate solid profit and request to withdrawal 50K some brokers are not so eager to honor your withdrawal.
With that being said, a compilation of various brokers that have successfully and regularly processed larger profit withdrawals without any problems would be useful for traders who are interested in spreading their counter party risk among various brokers that have been proven to pay out.
There are three profit withdrawal categories for this ongoing list of "brokers that have paid out large amounts of profits":
TIER 1 BROKER
You have successfully withdrawn over 10,000 (10K) USD or equivalent of profits with no problems.
Please state Broker Name. Please also state whether the withdrawal was a single withdrawal or multiple withdrawals totaling over 10K.
TIER 2 BROKER
You have successfully withdrawn over 100,000 (100K) USD or equivalent of profits with no problems.
Please state Broker Name. Please also state whether the withdrawal was a single withdrawal or multiple withdrawals totaling over 100K.
TIER 3 BROKER
You have successfully withdrawn over 1,000,000 (1 Mil.) USD or equivalent of profits with no problems.
Please state Broker Name. Please also state whether the withdrawal was a single withdrawal or multiple withdrawals totaling over 1 Million USD.
This will be strictly on the honor system since there is no way to confirm any postings for truthfulness.
However, over time, as more responses are gathered there should be an emerging pattern of "historically reliable brokers" that have proven to process larger profit withdrawal requests without any problems.
ALSO... If you have had any problems in having a withdrawal processed of OVER 10K USD or equivalent please post your experiences about that broker here as well. It would be useful to have a list of brokers to be careful of as well as brokers who have been transparent with your money.
Finally, please submit your profit withdrawal request story only if it was over OVER 10K USD or equivalent.
We all have heard of many stories with different brokers. However, this list is specifically for larger account profit withdrawals.
***
So far, here is a short list of responses...
This list is ordered chronologically and is no way a reflection of "rating". It is simply a chronological list of replies.
Amounts are withdrawals in USD. (For non-USD traders, 'K' represents 000 or thousands).
As always, do your due diligence before trading with any broker...No matter how good their reviews are. Do not simply go with reviews or because they have a good looking website or "promise" what you want.
Always do due diligence and be aware of potential risks with any broker before you give them your capital.
A plus sign is a positive experience. A negative sign is a negative experience. Please excuse any spaces in the broker names. This was done to override FF's automatic link creation.
Here's the short list so far:
+ I B F X (now called TradeStation): Over 380k
+ P epperstone: 40K
+ O anda: 10K (5K-6K per month)
As new additional replies come in the list will be updated and added to reflect the new posts.
Thank you all for your input.
As you know, no matter how good your trading system or EA is... No matter how profitable your account becomes... Unless you have a reputable broker that will honor your withdrawal requests and process them as expected, your huge profits would actually equal a loss. The bottom line is that no matter how good a broker says they are, no matter how good their fills or service, unless they can process large account withdrawals they cannot be considered a capable broker.
If you have any experience withdrawing large amounts of profits, please list the broker name and range of profit amount that you have withdrawn without problems using the categories below.
Please only submit your withdrawal experience with taking out profits. Many brokers don't have a problem if you put in 50K and subsequently request take out 30K of your original deposit. However, if you put in 5K, generate solid profit and request to withdrawal 50K some brokers are not so eager to honor your withdrawal.
With that being said, a compilation of various brokers that have successfully and regularly processed larger profit withdrawals without any problems would be useful for traders who are interested in spreading their counter party risk among various brokers that have been proven to pay out.
There are three profit withdrawal categories for this ongoing list of "brokers that have paid out large amounts of profits":
TIER 1 BROKER
You have successfully withdrawn over 10,000 (10K) USD or equivalent of profits with no problems.
Please state Broker Name. Please also state whether the withdrawal was a single withdrawal or multiple withdrawals totaling over 10K.
TIER 2 BROKER
You have successfully withdrawn over 100,000 (100K) USD or equivalent of profits with no problems.
Please state Broker Name. Please also state whether the withdrawal was a single withdrawal or multiple withdrawals totaling over 100K.
TIER 3 BROKER
You have successfully withdrawn over 1,000,000 (1 Mil.) USD or equivalent of profits with no problems.
Please state Broker Name. Please also state whether the withdrawal was a single withdrawal or multiple withdrawals totaling over 1 Million USD.
This will be strictly on the honor system since there is no way to confirm any postings for truthfulness.
However, over time, as more responses are gathered there should be an emerging pattern of "historically reliable brokers" that have proven to process larger profit withdrawal requests without any problems.
ALSO... If you have had any problems in having a withdrawal processed of OVER 10K USD or equivalent please post your experiences about that broker here as well. It would be useful to have a list of brokers to be careful of as well as brokers who have been transparent with your money.
Finally, please submit your profit withdrawal request story only if it was over OVER 10K USD or equivalent.
We all have heard of many stories with different brokers. However, this list is specifically for larger account profit withdrawals.
***
So far, here is a short list of responses...
This list is ordered chronologically and is no way a reflection of "rating". It is simply a chronological list of replies.
Amounts are withdrawals in USD. (For non-USD traders, 'K' represents 000 or thousands).
As always, do your due diligence before trading with any broker...No matter how good their reviews are. Do not simply go with reviews or because they have a good looking website or "promise" what you want.
Always do due diligence and be aware of potential risks with any broker before you give them your capital.
A plus sign is a positive experience. A negative sign is a negative experience. Please excuse any spaces in the broker names. This was done to override FF's automatic link creation.
Here's the short list so far:
+ I B F X (now called TradeStation): Over 380k
+ P epperstone: 40K
+ O anda: 10K (5K-6K per month)
As new additional replies come in the list will be updated and added to reflect the new posts.
Thank you all for your input.
