Withdrawal Policy

For Individual/Corporate Clients

A properly completed Withdrawal Request Form is required. This is made available in the client’s portal, MyScope under the Withdrawal Funds menu. The required payment details will vary depending on the preferred payment method.

Withdrawals are processed through the following methods: Wire Transfer, Debit/Credit Card, Neteller, Skrill.

A valid Proof of Address is required to process a withdrawal request. It could be a copy of a utility bill or bank statement. It must be less than 3 months old from the time the document was submitted.

Withdrawals can be requested anytime but requests after 2:00 GMT will be processed the next business day. Turnaround time is 1 – 2 business days from the date of receipt of the request. But for Wire Transfer and Debit/Credit Card, processing time can take up to 3-5 business days.

Once the withdrawal request is approved, the amount will be automatically deducted from the platform and reducing the free margin available to trade and maintain any open positions. It is the client’s responsibility to ensure that the account holds enough margin to maintain open positions at all times. Scope Markets is not responsible for the position(s) that are liquidated due to a withdrawal request.

The minimum amount for withdrawal is 50 USD / 50 EUR / 50 GBP.

A maximum of one free withdrawal per client account per day and a maximum of five free withdrawals per week are allowed. Any withdrawals over the maximum requests per day or per week will be charged 35 USD/ EUR/ GBP per withdrawal.

For security reason, clients are asked to enter their MyScope password each time they request a withdrawal. Scope Markets is not responsible or liable for withdrawals because a client has shared their MyScope password with someone else. Please keep your password safe and secure.

International Telegraphic Transfers (TT) usually takes 3-8 working days depending on the banking procedure of the beneficiary bank.

Clients are encouraged to withdraw using the same payment used to deposit (e.g. if they used a bank account to fund their trading account, the withdrawal will also be processed through bank transfer).

The MyScope Account holder must also be the beneficiary of the withdrawal request. Scope Markets Ltd. does not accept any third-party payments. For a corporate account, the beneficiary bank account must be in the name of the company.

For corporate accounts, only the authorised signatory can request for withdrawal unless there is a given Special Power of Attorney to an agent or representative.

For Joint Accounts, withdrawal request made through MyScope is deemed agreed by all account holders.

Once the withdrawal request is approved, it can no longer be cancelled. The client will receive an email once the request is acknowledged and approved by the Payment Department of Scope Markets.

All details in the Withdrawal Request form must be entered correctly by the client; otherwise Scope Markets Ltd. will not be liable for any error that has been incurred.

All personal information, payment details and documents provided by the client are managed following the Security and Privacy policy of Scope Markets.