LiteFinance Withdrawal: Same-Wallet Rule, Times and Instant Withdrawals

You withdraw from LiteFinance in the Finance section of the Client Profile. Its FAQ says withdrawal requests are processed manually by the financial department during working hours, on a first-come-first-served basis, within one working day of the request, as set out in the Client Agreement. For faster access, fully verified clients can use automatic withdrawals: up to five a day with a total of $5,000, processed instantly.

The rule that matters most is LiteFinance's anti-money-laundering policy: money only goes back to the same wallet, and in the same currency, that you used to deposit.

How to withdraw

1. Log in to the Client Profile and open Finance.
2. Choose Withdraw and select the payment system you deposited with.
3. Enter the amount and confirm.
4. Track the request in the Finance section until it is processed.

The same-wallet rule

LiteFinance says funds can only be withdrawn to the same wallet, and in the same currency, used for the deposit. If you deposit with Skrill, you withdraw to that same Skrill wallet. To use a different payment system, you need to deposit with it too, and withdrawals are then split proportionally between the wallets. This is governed by its AML policy and is the most common reason requests are cancelled.

Instant automatic withdrawals

• Available only to fully verified profiles.
• Up to five automatic withdrawals worth $5,000 in total within 24 hours; $2,000 for clients from Kenya and Tanzania.
• Only to the same payment details used for the deposit, and not more than the amount deposited through them.
• Not while another withdrawal request on the account is unprocessed.
• Clients who have ever breached the Client Agreement can't use it.

LiteFinance can lower the limits, change the payment systems covered or cancel the service without notice.

How long it takes

After LiteFinance processes a request, the payment system or bank takes over. E-wallets are usually quick. International transfers to bank cards can take up to 14 business days, LiteFinance says, though funds typically reach the card within three to five days after processing. The sending and receiving banks set that pace, not LiteFinance. Weekends and holidays slow manual processing, since the financial department works from 22:00 on Sunday to 22:00 on Friday.

Why a withdrawal is cancelled

• The anti-money-laundering policy was breached.
• You chose a payment system different from the one used to deposit.
• The wallet differs from the one you deposited from.
• Another reason, which the financial department will explain if you ask.

When a request is cancelled, the money returns to your trading account.

Fees

LiteFinance doesn't charge for deposits, but payment systems may charge on withdrawals, and charges are set out in its Markups and Commissions List. Check the amount shown before confirming. Our LiteFinance fees guide lists trading costs and the inactivity fee.

Copy trading withdrawals

If you copy traders, a withdrawal triggers an automatic rollover, and the trader's commission due on closed copied trades is deducted first. Our LiteFinance copy trading guide explains how.

Planning your withdrawals

Because money must go back to the wallet it came from, the simplest plan is to deposit and withdraw through one method you trust. If you use several methods, keep a note of how much went in through each, since withdrawals are split proportionally. Fully verify your profile early so you can use instant withdrawals.

Avoid requesting a withdrawal while another is still unprocessed; the instant service only works when there are no pending requests on the account.

Withdrawing affiliate commission

Affiliate commission is credited to your main trading account by default. LiteFinance says bank transfer withdrawals of affiliate earnings are only possible for amounts above $500; smaller sums go through other methods shown in the affiliate section.

Tracking a withdrawal

If a withdrawal hasn't arrived after the usual time for your method, contact the financial department through live chat with the date, amount, method and wallet. For card withdrawals, remember that international transfers can take up to 14 business days, though most arrive in three to five.

Keep your withdrawal method simple, your profile verified and your records tidy, and LiteFinance withdrawals are usually quick.

LiteFinance processes requests on a first-come, first-served basis, so submitting early in the working day usually means faster processing.

Frequently asked

Related reading

• LiteFinance minimum deposit
• LiteFinance fees
• How to open a LiteFinance account
• LiteFinance copy trading
• Is LiteFinance safe?
• Our full LiteFinance review