ExpertOption Withdrawal: Limits, Methods, Fees and Common Problems

ExpertOption has a bad reputation for managing money withdrawals as many users complain for payout rejections and significant delays, which is one of the reasons why we think that ExpertOption is not a trustworthy broker.

In this article, you will learn about ExpertOption withdrawal fees, payout processing times, methods, minimums, limits, and important withdrawal policies so you will know which payout method to choose.

Whether you are searching for a cheap, fast, and safe way to withdraw money from your ExpertOption account, experience payout problems, or are just confused about whether ExpertOption will pay you at all, we will give you useful tips on how to successfully withdraw your hard-earned profits.

How to Withdraw Your Money on ExpertOption?

Withdrawing your money from your ExpertOption account is generally simple, but you must first go through their Anti-Money Laundering (AML) and Know Your Customer (KYC) verification process. After that, just follow the below steps:

Step 1:

Login to your ExpertOption account and click on the “Finances” button, which you can find on the top of your screen or at the dashboard on the left.

Step 2:

Click on the “Withdrawal” button.

Step 3:

Once you’re on the withdrawal page, choose your payment method. For first-time withdrawals, use the same method you used for depositing money and the amount should be equal to your deposit amount, especially on bank cards.

Step 4: 

Enter the desired amount and additional details required, like card numbers, bank account numbers, mobile phone, or email address.

Note: The minimum withdrawal amount is $10.

Step 5: 

Check if all details are correct and hit the “NEW REQUEST” button. You will then input the verification code sent to your linked contact information.

Once you’re finished, ExpertOption will process your request so wait until they approve your withdrawal. Until your payout is fully processed, you can’t request another withdrawal. If you want to withdraw a larger amount, the broker may ask for further information for security reasons, which can delay the payout process.

Withdrawal Methods

ExpertOption supports a wide selection of international and local withdrawal methods including local banks, e-payment systems, and blue-chip cryptocurrencies, but using the same payment option for withdrawals that you used to deposit money into your account is only limited to your deposit amount made using that method, so you have to use an alternative for withdrawing large amounts.

Below is a list of the most popular withdrawal methods offered by ExpertOption:

Banks

• Visa
• Mastercard
• Maestro
• Online Banking
• Local Banks
• FPX Online Banking

Electronic Payment Systems

• Skrill
• Neteller
• JCB
• GCash
• PayMaya
• Coins.ph
• GrabPay
• Instant EFT
• Shopee
• Touch ‘n Go
• DuitNow
• Boost
• PIX

Cryptocurrency

• Binance Pay
• Bitcoin
• Ethereum
• USDT
• TON

Withdrawal Time

According to the official ExpertOption website, most withdrawals take up to 2-7 business days, including the initial processing and the time it reaches your bank account or e-wallet.

Crypto withdrawals may be processed instantly, but it may take 1-2 business days to see the withdrawn amount in your crypto ledger.

Bank card withdrawals take around 60 minutes while e-wallets and online banking can take up to 7 business days.

ExpertOption may request further verification for requests involving large amounts. The withdrawal verification is decided by the company’s judgment, which adds another 1-5 business days on top of the regular withdrawal time frame.

Withdrawal Limits

ExpertOption does not have a total or daily maximum withdrawal limit, but they have a $10 minimum withdrawal limit.

Also, the broker may limit your withdrawal amount to the same amount as your initial deposit made using the same payment method, and withdrawals using bank cards should be equal to the deposit amount. This means that if you deposited $100 with Mastercard, the broker limits the withdrawal amount to $100 back to that card.

Withdrawal Fees

ExpertOption does not charge any fees for withdrawals for most payment methods. However, your chosen payment method may charge transaction fees, so we suggest you choose a payment method that does not charge transaction fees.

Does ExpertOption Really Pay?

Whether ExpertOption is actually paying their traders or not is questionable because no financial authorities monitor the operation of the broker. There are many user complaints about rejected or constantly delayed withdrawals, so we generally advise you to stay away from this broker.

Common Withdrawal Problems

ExpertOption withdrawal problems have been a growing concern among traders which is one of the reasons why we don't trust this broker. Below are some of the most common withdrawal problems ExpertOption users have:

Delayed Withdrawal Processing Time

Delayed withdrawal processing time is the single most common withdrawal problem at ExpertOption and is usually caused by pending identity verification. Other factors like technical issues, incorrect documentation, and high volumes of simultaneous requests may extend the timeframe up to 1-2 weeks.

If you haven't received your money after 14 days, we advise you to submit a ticket to their customer support and contact your payment provider or bank as well, as the issue might be happening on their end.

Generally, to avoid delayed withdrawals, choose faster withdrawal methods like cryptocurrencies, especially Binance Pay and Bitcoin.

Declined Withdrawal Requests

The most typical causes for ExpertOption withdrawals getting rejected are:

For smoother transactions, we suggest withdrawing your money using the same bank or wallet you used to deposit. However, you can’t withdraw an amount larger than your deposit amount using this approach.

Also, if your withdrawal request got rejected immediately, you might have requested during busy hours, so refresh the page and try again after a few minutes. If the request fails more than 3-5 times, try again the next day to avoid account block or suspensions.

Can’t Withdraw Your Bonus Money

According to ExpertOption Bonus Terms and Conditions, bonuses are virtual money and can only be used for trading on the platform. ExpertOption will reject your withdrawal without prior notice if you request to withdraw your bonus amount. Unfortunately, ExpertOption does not emphasize to traders during the deposit process that bonuses are not withdrawable, which is misleading.

Conclusion

Overall, it seems like withdrawals on ExpertOption are processed quickly and cheaply and the majority of withdrawal issues are caused by missing or incomplete account verification and using unsupported local banks.

However, the fact that ExpertOption is an unregulated offshore trading broker means that nobody oversees the operation of the company and traders can't do anything if their withdrawal request gets delayed or declined for no real reason.

If you are an existing ExpertOption trader and want to withdraw your profits, we suggest you choose cryptocurrencies as they are among the fastest and most reliable options to get your money.

If you are not an ExpertOption trader yet, we advise you to choose a more trustworthy broker like Olymptrade or Exness, as they both offer faster withdrawal time and your chances are higher that you will actually get paid.