WikiFX

Sagot

From my experience with Midas Securities, the timeframe for a withdrawal largely depends on when the request is submitted and the specific procedures the broker follows. According to their process, if you complete and submit the withdrawal form by 11:30 AM on a business day, your request is typically processed on the same day. However, any requests made after this cutoff are handled on the following business day. Once the withdrawal is processed, the funds are usually disbursed by cheque and deposited directly into your registered bank account; withdrawals to third-party accounts are not permitted. In my case and with similar brokers operating under the Hong Kong regulatory framework, the full transfer to your bank account generally takes one to three business days after the submission, provided all compliance checks are clear and there are no unexpected delays either from Midas Securities or the involved bank. Based on regulatory standards and my cautious approach with YMYL matters, I always recommend allowing a buffer for additional processing time, especially for larger amounts or during periods of heightened market activity. It’s wise to monitor the status and, if necessary, contact their support promptly for any clarifications, as timely communication can help avoid unnecessary delays.