Forex Broker Withdrawal in Huge Amount ??

sigitpambudi144

Private, 1st Class
Messages
44
Hello i want to ask about forex withdrawal, i see a lot of post and comment by broker representatives about their broker is best ...
But i want to ask about withdrawal cause i see a lot of post about withdrawal issues affected a lot of brokers including the good one
1. How much max withdrawal that tolerated by broker ? Is it safe that we withdraw huge amount of money like $10 million or $20 million per account in a month ? so if we have 10 accounts we could withdraw $100 million to $200 million per month (assume that the equity is enough)
2. If we have a broker withdrawal issues, could we justify that the broker is problematics ?
Please i hope the members in this forum or broker representative could answer myquestions
Thank you
 

FxMaster

Lt. Colonel
Messages
11,328
Hello i want to ask about forex withdrawal, i see a lot of post and comment by broker representatives about their broker is best ...
But i want to ask about withdrawal cause i see a lot of post about withdrawal issues affected a lot of brokers including the good one
1. How much max withdrawal that tolerated by broker ? Is it safe that we withdraw huge amount of money like $10 million or $20 million per account in a month ? so if we have 10 accounts we could withdraw $100 million to $200 million per month (assume that the equity is enough)
2. If we have a broker withdrawal issues, could we justify that the broker is problematics ?
Please i hope the members in this forum or broker representative could answer myquestions
Thank you
The most broker says UNLIMITED, But to be honest, I`m sure your account will let suspicions if you are going to withdraw that much money (most probably money laundering).
 

HeavenLeighRob

Master Sergeant
Messages
307
I think it would probably be a good idea to ask specific questions to your broker's customer support team about this before depositing a lot of money. Ask to see if they have any certain policies in place about this or perhaps you could ask to speak to the head of their financial department so you don't have any nasty surprises later on.
 

Nasabayan

Private, 1st Class
Messages
25
Surely, massive withdrawals is the pain in the neck for every broker irrespectively of whether it is reliable or not. Actually, quite the same thing happens with the banks as they have to take this money out of their turnover and give it back to you. Anyway, the situation here is quite individual and you'd better to talk it over with your broker. The community members may describe the situation on average but the details are always different and when we speak about withdrawals, details matter pretty much.
 

fxoday

Recruit
Messages
790
I think it better to ask the question directly to contact the support broker, because probably each company has their own rules and as customers only follow and obey the rules, but I think although the company allowed unlimited withdrawn, the company will take a time to check account, in addition, many companies comply AML and KYC. For me, because never make a withdrawal amount number $100 million, I can't share anything.
 

Pharaoh

Brigadier General
Messages
20,207
For that kind of money, you want to keep a few things in mind.

You want to set up institutional accounts at extremely well regulated brokers or banks.

Divide the money between at least 2 brokers/banks. That cuts your chances of losing everything.

Start off with smaller amounts and test the withdrawal process within the first 2 weeks. As each account scales up, make larger and larger withdrawals, even if you plan to put the money back in the next day.
 

sigitpambudi144

Private, 1st Class
Messages
44
For that kind of money, you want to keep a few things in mind.

You want to set up institutional accounts at extremely well regulated brokers or banks.

Divide the money between at least 2 brokers/banks. That cuts your chances of losing everything.

Start off with smaller amounts and test the withdrawal process within the first 2 weeks. As each account scales up, make larger and larger withdrawals, even if you plan to put the money back in the next day.
What do you mean of institutional broker or etremely well regulated broker and banks ?
 

Pharaoh

Brigadier General
Messages
20,207
What do you mean of institutional broker or etremely well regulated broker and banks ?

Institutional accounts are offered at some brokers. These are specifically for very large account sizes.

Extremely well regulated brokers means a strict regulator with a history strict enforcement. The US has some of the tightest regulations, which is why so many brokers left. After the Crown Forex fiasco damaged Switzerland's reputation, ALL forex brokerages there have to hold a banking license.

George Soros doesn't trade forex at typical retail brokerages. He trades forex at banks. Outside of Switzerland, banks are an alternative for large traders. A typical bank in most countries doesn't deal with retail forex trading, but you might be impressed by what sort of institutional grade account a large bank can arrange for a large client.
 

sigitpambudi144

Private, 1st Class
Messages
44
Institutional accounts are offered at some brokers. These are specifically for very large account sizes.

Extremely well regulated brokers means a strict regulator with a history strict enforcement. The US has some of the tightest regulations, which is why so many brokers left. After the Crown Forex fiasco damaged Switzerland's reputation, ALL forex brokerages there have to hold a banking license.

George Soros doesn't trade forex at typical retail brokerages. He trades forex at banks. Outside of Switzerland, banks are an alternative for large traders. A typical bank in most countries doesn't deal with retail forex trading, but you might be impressed by what sort of institutional grade account a large bank can arrange for a large client.
Could we trade with institutional or bank using MT5 via API ? How about other country regulation like FCA or ASIC or FINMA ?
 
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