With the rise of online trading platforms, JustMarkets has gained popularity as a reliable option for trading in various financial instruments. While many traders use JustMarkets to build their investment portfolios, the ultimate goal is often to withdraw profits.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
Section 1: Account Verification
Before you can initiate any withdrawal from your JustMarkets account, it is crucial to ensure that your account is fully verified. This verification process is in place to comply with regulatory requirements and enhance the security of your account. Here’s how to complete the verification:
1.1. Personal Identification
- Ensure you have submitted a valid government-issued ID, such as a passport or driver’s license.
- Verify that your personal information matches the details on your identification document.
1.2. Proof of Address
- Provide a recent utility bill or bank statement that shows your current residential address.
- Make sure the document is no older than three months and is in your name.
1.3. Additional Documents
- Depending on your country of residence, you may be asked for additional documents like a tax identification number (TIN) or Social Security Number (SSN).
Once your documents are submitted, the JustMarkets team will review them, which may take a few business days. It’s essential to ensure that all your documents are clear, legible, and up-to-date to expedite the verification process.
Section 2: Withdrawal Methods
JustMarkets offers several withdrawal methods to accommodate the diverse preferences of its users. The most common withdrawal methods include:
2.1. Bank Wire Transfer
- A bank wire transfer is a secure and straightforward way to withdraw your profits. You’ll need to provide your bank details, including the account number and bank’s SWIFT code.
- Keep in mind that bank wire transfers may take several business days to process and may incur fees, which vary based on your bank and location.
2.2. Credit/Debit Card
- JustMarkets allows you to withdraw funds directly to your linked credit or debit card. Ensure your card is verified and associated with your trading account.
- Withdrawals to cards are usually faster than bank wire transfers, but they may also involve transaction fees.
2.3. E-wallets
- E-wallets like PayPal, Skrill, and Neteller are increasingly popular options for quick withdrawals.
- Make sure your e-wallet account is verified and linked to your JustMarkets trading account to facilitate the process.
2.4. Cryptocurrency
- If you’ve been trading cryptocurrencies on JustMarkets, you can withdraw your profits in the form of cryptocurrencies like Bitcoin or Ethereum.
- Ensure your cryptocurrency wallet is ready to receive the funds.
It’s crucial to choose a withdrawal method that suits your needs and consider factors such as transaction times, fees, and accessibility in your region.
Section 3: Initiating the Withdrawal
Now that your account is verified, and you’ve decided on a withdrawal method, it’s time to initiate the withdrawal:
3.1. Log In to Your JustMarkets Account
- Visit the JustMarkets website and log in using your credentials.
3.2. Access the Withdrawal Section
- Navigate to the withdrawal section in your account dashboard.
3.3. Select the Withdrawal Method
- Choose your preferred withdrawal method from the available options.
3.4. Enter Withdrawal Details
- Fill in the required details, including the withdrawal amount and any additional information requested by JustMarkets.
3.5. Confirm and Submit
- Review your withdrawal request to ensure accuracy and completeness.
- Once you are satisfied, click the “Submit” or “Confirm” button to initiate the withdrawal.
Section 4: Withdrawal Fees and Processing Times
Understanding withdrawal fees and processing times is essential for managing your expectations and finances. JustMarkets may charge fees depending on the withdrawal method you choose, and processing times can vary. Here’s what you need to know:
4.1. Withdrawal Fees
- Bank wire transfers and credit/debit card withdrawals may involve additional fees, such as bank charges or transaction fees.
- E-wallets and cryptocurrency withdrawals may also have associated fees, but these are typically lower compared to traditional methods.
4.2. Processing Times
- Bank wire transfers are generally the slowest method and may take several business days to reach your bank account.
- Credit/debit card withdrawals and e-wallet withdrawals are faster, with processing times usually ranging from one to five business days.
- Cryptocurrency withdrawals are known for their speed and can be completed within hours, but they are subject to blockchain confirmation times.
It’s essential to check with JustMarkets for the most accurate and up-to-date information regarding withdrawal fees and processing times as these may change over time.
Section 5: Security Considerations
Ensuring the security of your withdrawals is paramount. Here are some security considerations to keep in mind:
5.1. Two-Factor Authentication (2FA)
- Enable 2FA for your JustMarkets account to add an extra layer of security.
5.2. Verify Withdrawal Details
- Double-check the withdrawal details to avoid errors. Mistakenly sending funds to the wrong account can be challenging to rectify.
5.3. Use a Secure Internet Connection
- Only initiate withdrawals when using a secure and private internet connection to prevent potential eavesdropping.
5.4. Be Wary of Phishing
- Beware of phishing emails or websites that impersonate JustMarkets. Always verify the website’s URL and check for SSL certificates.
5.5. Regularly Update Passwords
- Change your password regularly to minimize the risk of unauthorized access to your account.
Section 6: Tax Implications
Profits earned from trading are typically subject to taxation in many jurisdictions. Ensure that you are aware of the tax regulations in your country and report your earnings accordingly to avoid legal complications. It’s advisable to consult a tax professional for guidance on how to handle your trading profits concerning tax obligations.
Conclusion
Withdrawing profits from JustMarkets can be a straightforward process if you follow the necessary steps and consider the factors we’ve discussed in this comprehensive guide. By ensuring your account is verified, selecting the right withdrawal method, and understanding fees and processing times, you can navigate the withdrawal process with confidence. Additionally, keeping security and tax implications in mind will help you manage your funds responsibly. Whether you’re a seasoned trader or a beginner, JustMarkets offers a range of options to accommodate your withdrawal needs, making it possible to enjoy the fruits of your trading labor.
