To withdraw money from FBS, start by logging into your Personal Area through the official website or mobile app. Once logged in, navigate to the “Finance” section and select the “Withdrawal” option to begin the process. You will need to choose a payment method, such as bank transfers, eWallets like Skrill, Neteller, or Sticpay, or credit and debit cards. It is important to ensure that your selected withdrawal method matches your deposit method to avoid processing issues.
After selecting your preferred payment method, enter the withdrawal amount while making sure it meets the minimum withdrawal limit and does not exceed your available balance. If identity verification is required, complete the KYC process through the “Verification” section to prevent delays. Once all details are correctly filled in, submit your withdrawal request and wait for approval. Processing times vary depending on the method used such as eWallet withdrawals are typically instant, while credit and debit card transactions take between two to four business days. Bank transfers require the longest processing time, ranging from three to ten business days, depending on the bank’s procedures.
To monitor the progress of your request, check the “Transaction History” tab, where the withdrawal status will be displayed. If you need to cancel your request while it is still pending, you can do so by selecting the red cross icon within your transaction history. To avoid unnecessary delays, ensure your account is fully verified before initiating a withdrawal. Selecting a base currency such as EUR or USD can help you minimize conversion fees, while making withdrawals during banking hours may also speed up processing times.
What are the steps to Withdraw Money from FBS?
There are five steps to withdraw money from FBS. The steps to withdraw money from FBS are listed below.
- Create an FBS Account: The first step is to open an FBS account (74-89% of retail CFD accounts lose money). During the registration process, you’ll be asked if you want a demo or a real account. Note that you need a real account to make withdrawals.
- Log in to Your Personal Area: After you applied, log into your trading account with the login details generated during the account-opening stage. You can access your FBS trading area directly from the broker’s Home page by using the Login button in the top right corner of the website. Provide your login details and gain easy access to the platform.
- Withdraw from Your FBS Account: From your Profile, visit the Finance page. Then, choose “Withdrawal” and follow the withdrawal instructions. To initiate an FBS withdrawal, begin by choosing a suitable payment system and clicking on it. Next, specify the FBS trading account from which you want to withdraw funds. Provide the necessary information about your e-wallet or payment system account. If you are withdrawing via card, click on the “+” sign to upload copies of both the front and back sides of your card. Finally, type in the amount of money you wish to withdraw. Always remember that your preferred withdrawal method must match your deposit method for an easy withdrawal process. More so, you can withdraw funds into your bank account just as you can into your FBS trading account. Confirm your withdrawal when you’re done.
- Wait for the FBS Approval: The FBS Financial Department processes all withdrawal requests on a first-come, first-served basis. The withdrawal process depends on the chosen payment system. For instance, it takes between 7 and 10 business days to process bank wire while withdrawal through a credit or debit card takes between 3-4 business days. For eWallets, withdrawal should be instantaneous but it may require up to 30 minutes in extreme cases.
- Check Your FBS Withdrawal Status: You can check your withdrawal status at your convenience. Simply visit the “Transaction History” tab on your Finance page and monitor it.
What are the FBS Withdrawal Methods?
FBS offers multiple withdrawal methods, varying by region. Traders within the EU can use Visa, Skrill, Neteller, and wire transfers, while non-EU traders can access Visa, Skrill, Neteller, PerfectMoney, Sticpay, and GlobePay.
Processing times range from 30 minutes to 10 business days, depending on the method chosen. Withdrawals in the EU are fee-free, though banks may impose charges on wire transfers.
The minimum withdrawal amount is $1, with EUR available for EU traders and USD for non-EU traders. Certain card options, such as Maestro and MasterCard, are exclusive to specific regions.
The table with the features of all FBS withdrawal methods is shown below.
| FBS Withdrawal Methods | FBS Withdrawal Fees | FBS Withdrawal Processing Time |
|---|---|---|
| Wire Transfer | $1,00 | 7-10 business days |
| Visa | $1,00 | 3-4 business days |
| Mastercard | 0% | 3-4 business days |
| Maestro | 0% | 3-4 business days |
| Skrill | 1,00%+$0,32 | instant (or up to 30 minutes) |
| Rapid Transfer | 0% | instant (or up to 30 minutes) |
| Neteller | 2,00% (max $30) | instant (or up to 30 minutes) |
| Sticpay | 2,50% + $0,30 | instant (or up to 30 minutes) |
| PerfectMoney | 0,50% | instant (or up to 30 minutes) |
| Globe Pay | 1,00% | instant (or up to 30 minutes) |
| Local Exchanger | N/A | instant (or up to 30 minutes) |
Does FBS charge withdrawal fees?
FBS does not charge withdrawal fees for traders under CySEC regulation (EU-based accounts). However, traders under FSC (Belize) regulation may incur withdrawal fees, which vary based on the payment method.
For example, Skrill and Neteller withdrawals typically attract a 1% fee, while bank transfers may incur higher charges. Additionally, if withdrawals are made in a currency different from your account’s base currency (EUR or USD), a conversion fee applies based on prevailing exchange rates. Always review the FBS fee schedule for the most accurate charges before withdrawing funds.
Does FBS charge currency conversion fees?
Yes, FBS applies currency conversion fees when trading or withdrawing funds in a currency different from your account’s base currency. FBS supports USD and EUR as primary base currencies, but transactions in other currencies may be subject to exchange rate adjustments and conversion charges.
The exact fee depends on the payment method and prevailing forex rates. To minimize conversion costs, traders should select a base currency that aligns with their funding and withdrawal preferences. Our dedicated guide on FBS minimum deposit throws more light on this.
How long does FBS withdrawal take?
FBS withdrawal times vary by payment method. Bank wire transfers take 3 to 10 business days, credit and debit cards require 2 to 4 business days, while eWallet withdrawals (Skrill, Neteller, Sticpay) are typically processed instantly. However, processing times may be delayed due to additional account verification, banking procedures, or public holidays. To ensure faster withdrawals, traders should complete KYC verification in advance and use eWallet options for quicker fund access.
What are the Issues You May Encounter During the FBS Withdrawal Process?
Traders withdrawing funds from FBS may face delays due to bank processing times, additional verification requests, or issues with mismatched payment methods. European traders might incur withdrawal fees imposed by their banks, even if FBS does not charge any.
If a withdrawal request is taking longer than expected, it may be due to incomplete KYC verification, withdrawal limits, or banking restrictions. Always ensure that your withdrawal method matches your deposit method to avoid transaction failures. If issues persist, contacting FBS support or your payment provider can help resolve the problem.
Is it possible to cancel an FBS withdrawal?
Yes, you can cancel an FBS withdrawal if it is still in the pending stage. To do so, go to the Transaction History tab and click the red cross icon next to your withdrawal request. However, once the withdrawal moves to processing, cancellation is no longer possible. Some payment methods, such as bank transfers, may not allow cancellations after submission. If your request is already in progress, contact FBS support immediately for assistance.