How To Withdraw From Exness To Bank Account In Nigeria

Introduction.

If you’re trading on Exness and want to withdraw your profits directly to your bank account in Nigeria, you’re in the right place. After all, what’s the point of earning if you can’t access your money easily?

In this guide, I’ll walk you through the entire withdrawal process step by step, covering everything you need to know to ensure your money gets to your bank account without any hassles.

Let’s dive right in.

Why Is This Important?

When trading forex, making profits is exciting. But being able to withdraw those profits effortlessly is just as important.

For Nigerian traders, the process can sometimes feel complicated due to currency exchange, banking rules, or platform-specific requirements.

Knowing exactly how to navigate Exness’s withdrawal system saves you time, avoids unnecessary delays, and gives you peace of mind.

How Do I Withdraw From Exness to a Nigerian Bank Account?

1. Log in to Your Exness Account

Start by logging into your Exness account on the app or website. Use your email and password to access the dashboard.

2. Check Your Account Balance

Before initiating a withdrawal, double-check your account balance to ensure you have enough funds available. Remember, any open trades or margin requirements can affect the amount you can withdraw.

3. Verify Your Account

Exness requires account verification for withdrawals. If you haven’t already verified your identity and address, complete this step first. It’s a one-time process that helps protect your account from fraud.

4. Choose a Withdrawal Method

Exness offers multiple withdrawal options, including local bank transfers, e-wallets (like Skrill and Neteller), and cryptocurrencies. For Nigerian bank accounts, the local transfer option is the most straightforward.

5. Enter Your Bank Details

When selecting the local bank transfer method, you’ll need to provide:

Your full name (as it appears on your bank account)
Bank account number
Bank name (e.g., GTBank, Zenith Bank, Access Bank)
Bank SWIFT or sort code (if required)

6. Specify the Amount to Withdraw

Enter the amount you wish to withdraw. Exness allows withdrawals in USD or NGN, depending on your account settings.

Keep in mind that currency conversion rates may apply if your trading account is in USD but you’re withdrawing in NGN.

7. Confirm and Submit

Double-check all the details and hit Submit. You’ll receive a confirmation message once the withdrawal is processed.

How Long Does It Take?

Exness processes withdrawals quickly, usually within a few minutes to a few hours. However, bank transfers to Nigerian accounts can take up to 24 hours, depending on your bank’s processing times.

Are There Any Fees?

Exness doesn’t charge for withdrawals, but your bank might apply transaction or currency conversion fees. It’s a good idea to confirm these charges with your bank before withdrawing large amounts.

Tips for a Smooth Withdrawal

Use the Same Method for Deposits and Withdrawals
Exness often requires you to withdraw funds using the same method you used to deposit. For example, if you deposited money via bank transfer, withdraw using the same method.
Keep Track of Exchange Rates
If your trading account is in USD and you’re withdrawing in NGN, be mindful of the exchange rates. These rates can fluctuate, and they directly impact how much you receive in your bank account.
Plan Ahead
Withdrawals might take longer during weekends or public holidays. Plan your withdrawals accordingly to avoid delays.

Common Questions

1. Can I Withdraw to a Bank Account That Isn’t in My Name?

No. Exness only allows withdrawals to bank accounts registered in the same name as your trading account. This policy is to prevent fraud.

2. What’s the Minimum Withdrawal Amount?

For Nigerian bank transfers, the minimum withdrawal amount is usually around ₦300 or its equivalent in USD.

3. What Happens If My Withdrawal Fails?

If your withdrawal fails, Exness will notify you via email. Common reasons include incorrect bank details or insufficient funds. Double-check your information and try again.

4. Do I Need a Dollar Account?

Not necessarily. If you’re withdrawing in NGN, a regular naira savings or current account will work just fine.

Wrapping Up

Withdrawing your funds from Exness to a Nigerian bank account doesn’t have to be complicated. By following these steps and keeping an eye on the details, you can ensure a smooth and hassle-free process.

Now that you know how to withdraw your money, what’s been your experience with Exness withdrawals? Share your thoughts below!