Pocket Option Withdrawal: What You Need to Know in 2024

I’ve been using Pocket Option for a while. As a result, I’ve created this guide to explain all the information about withdrawing from the Pocket Option, including how you can withdraw your funds from the platform. Let’s get into it.

What is the Minimum Pocket Option Withdrawal?

The minimum amount you can withdraw on the Pocket Option depends on where you use the platform.

For most global users, the minimum withdrawal amount is $10. However, residents of Commonwealth of Independent States (CIS) countries and some Asian nations benefit from an even lower minimum withdrawal of $5.

Therefore, Pocket Option is an excellent platform for beginners. You can start trading with as low as $5 and withdraw your entire balance when needed.

On the flip side, the Pocket Option has no maximum withdrawal limit. Therefore, you can withdraw as much money as your payment processor allows.

Withdrawing From the Affiliate Program

If you’re in the US, UK, EU, Japan, or Israel, you can’t trade on Pocket Option because of its lack of regulation in those locations.

However, you can always earn money through the platform’s affiliate program. It allows you to post a custom link on your Facebook, Instagram, website, blog, or other forum and earn a commission when someone signs up with your link.

The affiliate program has no minimum withdrawal limit, so you can withdraw whatever you make when customers register using your link. It also has no maximum withdrawal limit.

Withdrawal Fees for Pocket Option Deposits?

While some sources claim that Pocket Option has steep withdrawal fees, it’s quite the contrary. Pocket Option has a fee-friendly structure. Let me break it down:

• No withdrawal fees: Pocket Option doesn’t charge withdrawal or deposit fees for all the platforms it supports, apart from Perfect Money.
• Third-party processing fees (not determined by Pocket Option): While Pocket Option won’t charge you for withdrawing your funds from the platform, your bank or payment processor might take a cut as a processing fee. This differs depending on your payment processor.
• No inactivity fee: Unlike most online trading platforms, Pocket Option doesn’t charge you for keeping dormant funds on the platform. Therefore, you don’t have to withdraw your funds if you don’t need to.

Pocket Option has a customer-friendly withdrawal fee system. In most cases, you won’t need to pay withdrawal fees if your bank doesn’t charge a processing fee.

Taxation

If you like to keep track of your taxes, it’s essential to know whether your trading platform makes tax deductions.

Pocket Option doesn’t deduct taxes from your withdrawals. Therefore, It’s up to you to report any profits you make on the platform to your local tax authority and learn how much tax you should pay.

The tax implications of trading on Pocket Option depend on your location’s tax laws and whether trading on the platform is considered casual trading or a profession.

Some payment processors might also require you to report the source of your funds if they’re over a certain threshold, which will lead to taxation if you earned it on a trading platform like Pocket Option.

Pocket Option Withdrawal Methods

Once you make your money on a trading site, you must know that you can withdraw through an accessible and convenient platform.

Fortunately, Pocket Option caters to a global audience and offers various ways to access your funds. Here’s a breakdown of Pocket Option’s withdrawal methods.

The payment methods above also apply to Pocket Option’s affiliate program. You can choose your ideal withdrawal method based on processing speed, fees, or convenience.

How to Withdraw Money from Pocket Option

Now that you know what platforms you can use to withdraw money from your Pocket Option account, let’s look at how you go about it.

If you’re withdrawing funds from your trading account, ensure you have enough money to facilitate the withdrawal ($5 in Asia and CIS and $10 in the rest of the world). You must also upload your verification documents if you have not completed KYC.

Next, follow the steps below:

• Open your Pocket Option trading account and click on Finance.
• Select Withdrawal.

• Choose your preferred withdrawal method (e-wallets, crypto, bank transfer, or credit/debit card.)
• Enter withdrawal details like the withdrawal amount and payment information like your bank account number.
• Double-check all the information you’ve provided for accuracy. If the data is invalid, it might delay the withdrawal process.
• Click the Withdraw button.

Pocket Option will evaluate your withdrawal request and send you a confirmation via email. The duration of the evaluation process depends on the withdrawal method you choose, with bank transfers being the slowest and crypto the fastest.

Withdrawing Funds From Pocket Option’s Affiliate Account

If your money is in the affiliate account, you don’t need to check for the minimum withdrawal limit because there’s none. However, you’ll still need to complete KYC.

Once you’re done, follow these steps:

• Open your Pocket Option affiliate account.
• Click on Payments.
• Click on Request a Withdrawal.

• Select your preferred withdrawal method (e-wallets, crypto, bank transfer, or credit/debit card.)
• Enter the amount you wish to withdraw.
• Provide your payment details, e.g., bank account details or e-wallet address.
• Ensure the information is valid and accurate, and click Withdraw.

How Long Does the Withdrawal Take to Complete?

The time it will take to withdraw money from your Pocket Option accounts depends on different factors. Withdrawing from the Pocket Option can be instant or take several days. Let’s look at some factors determining how quickly you get your money.

Withdrawal Method

Some withdrawal methods are faster than others. For instance, cryptocurrencies don’t require any verification. Therefore, the withdrawal process is almost instantaneous. Pocket Option will send the crypto you’re withdrawing, and you’ll receive it immediately.

On the other hand, bank transfers often require KYC verification. Therefore, both the bank and Pocket Option must approve your withdrawal request. This typically takes 3 to 5 business days.

Location

Some locations have stricter financial laws than others. For instance, your bank might have to review your account if you make a significant transaction in the US. However, the transaction might go right through in other countries.

Withdrawal Amount

Every withdrawal method except cryptocurrencies has KYC requirements. Therefore, you might need to go through additional verification if you make an unusually high withdrawal request.

On the other hand, small withdrawals are often approved automatically. For example, it might take a few hours to withdraw $10 through Visa but a couple of days to withdraw $100,000 through the same platform.

Type of Account

If you’re in the US, UK, EU, Japan, or Israel, you can only create a demo or affiliate account on Pocket Option. Withdrawal is different between affiliate and trading accounts.

On a trading account, funds are credited to your account immediately after you finish a trade. However, money is only added to your affiliate account on Mondays.

Therefore, if new referrals sign up with your link on any other day of the week, you must wait for Monday to request a withdrawal.

Final Thoughts

Pocket Option is a reliable trading platform with millions of users worldwide. Unlike most trading sites, it typically doesn’t charge withdrawal fees and has a low withdrawal limit to allow you to trade with as little as you’re comfortable with.

Pocket Option also supports various withdrawal methods, making accessing your money convenient regardless of location. The withdrawal process is smooth, and the wait times are decent compared to what some other competitors offer.

The Pocket Option has a fairly good withdrawal process with minimal downsides. Register here to begin trading on Pocket Option today.