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What is the usual timeframe for a withdrawal from BLUEMOUNT to reach a bank account or e-wallet?

Broker Issues
BLUEMOUNT
Deposit
Withdrawal
04-19
United States
WikiFX
Reply

Based on my review of BLUEMOUNT, I noticed their withdrawal process is quite specific and timing-dependent. When I initiate a withdrawal by calling their customer service, the timing of my request plays a crucial role. For requests made before 12:00 PM on a trading day, the withdrawal is typically processed in the afternoon, with funds deposited to my registered bank account on that same trading day via crossed cheque. If I submit the request after 12:00 PM, processing is deferred to the next trading day. In practice, this means the fastest possible timeframe is within the same day, but any delay past noon can push it to the following business day. I find it important to clarify that BLUEMOUNT does not support e-wallet withdrawals and all transactions are routed to bank accounts—third-party withdrawals are also strictly prohibited. Personally, I view this manual process and limited withdrawal options as rather restrictive compared to more automated brokers, which could impact my ability to access funds quickly, especially during market volatility. Given BLUEMOUNT’s regulatory concerns and the manual nature of its withdrawals, I approach this platform with considerable caution to avoid unexpected delays.

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