5 minute read
How Long Does Pocket Option Withdrawal Take in South Africa?
from Pocket Option
If you're trading with Pocket Option and wondering how long it takes to withdraw funds in South Africa, here’s the short answer:
Pocket Option withdrawals typically take between 1 to 3 business days for South African traders, depending on the chosen payment method.
That’s the direct answer. But there’s more you need to understand about the timelines, possible delays, supported withdrawal methods in South Africa, and how to avoid common pitfalls. This guide will give you the full picture, so you can withdraw your money quickly, safely, and with confidence.
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1. Pocket Option Withdrawal Time in South Africa: The Breakdown
Let’s break down the average withdrawal times based on the most popular payment methods available to South African traders:
Bank Cards (Visa/MasterCard)
Processing Time: 1–3 business days
Minimum Withdrawal: $10
Notes: The card must be verified and used for previous deposits.
E-Wallets (Perfect Money, Advcash, etc.)
Processing Time: Within 1 business day
Minimum Withdrawal: $10
Notes: Often the fastest and most reliable method for South African traders.
Cryptocurrency (Bitcoin, Ethereum, USDT, etc.)
Processing Time: 1–2 hours to 1 day (depends on network congestion)
Minimum Withdrawal: Varies by coin (e.g., $50 for Bitcoin)
Notes: Blockchain transactions can be delayed if the network is busy.
Local Bank Transfers (via third-party processors)
Processing Time: 1–3 business days
Minimum Withdrawal: Depends on provider
Notes: Not directly available on Pocket Option, but sometimes used through P2P or third-party apps.
2. Why Your Withdrawal Might Be Delayed
Sometimes, your withdrawal doesn’t show up as expected. Here are the main reasons why Pocket Option withdrawals take longer in South Africa:
a) Unverified Account
Your account must be fully verified (ID, address, email, phone number). Pocket Option may freeze withdrawals until verification is complete.
b) Payment Method Mismatch
You must use the same method for withdrawal that you used for depositing. If you deposited with a card, you must withdraw to that card—at least the amount you originally deposited.
c) Weekends and Public Holidays
Withdrawals are only processed during business days. South African public holidays can affect bank processing times, especially for card and bank withdrawals.
d) High Volume or Manual Review
If there’s unusual account activity or high withdrawal amounts, Pocket Option might manually review your request. This can add 24–48 hours to the process.
3. How to Speed Up Your Pocket Option Withdrawal in South Africa
If you want to get your money as quickly as possible, follow these tips:
✅ Use E-Wallets or Crypto
E-wallets like Advcash or Perfect Money are usually the fastest methods. Crypto is a close second, especially for USDT (Tether), which is less prone to delays than Bitcoin or Ethereum.
✅ Verify Your Identity Early
Submit your KYC documents (ID, utility bill, selfie) immediately after creating your account. This avoids last-minute issues when you want to withdraw.
✅ Withdraw During Business Hours
Make withdrawal requests Monday to Friday before 3 PM (SAST). This increases the chance of same-day processing.
✅ Don’t Switch Methods
Always use the same payment method for withdrawal that you used for your deposit. If you switch, your request may be delayed or rejected.
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4. Real Experiences from South African Traders
To give you some insight, here’s what South African Pocket Option users typically report:
Thabo (Johannesburg): "I withdrew $100 via Advcash and got the money in 4 hours. Super fast."
Mbali (Durban): "Used my Capitec bank card, took 2 days to reflect. Not bad, but crypto seems faster."
Sizwe (Cape Town): "Tried withdrawing to Bitcoin. Took 5 hours, but the network fee was high. Still worth it."
As you can see, the withdrawal time depends heavily on method choice and verification status.
5. Is Pocket Option Legit in South Africa?
Yes, Pocket Option is available and used by many South African traders. However, it's important to understand:
Pocket Option is not regulated by the FSCA (Financial Sector Conduct Authority) in South Africa.
It is regulated by the IFMRRC, which is not a government regulator.
You’re trading with an offshore broker, so your protection is limited.
This doesn’t mean it's a scam—but you must proceed with caution and never invest more than you can afford to lose.
6. Are There Fees for Withdrawing in South Africa?
Pocket Option does not charge internal fees for most withdrawals. However:
Card processors and banks may charge currency conversion or withdrawal fees.
Crypto withdrawals have network (miner) fees.
E-wallets may have a small fee depending on the withdrawal method and currency.
Always check the “Finance → Withdrawals” section in your Pocket Option dashboard to see the exact fee before confirming the request.
7. What If Your Withdrawal Is Stuck?
If your withdrawal hasn't arrived within the expected time, here’s what you should do:
1. Check Your Email
Pocket Option often sends an email if there’s an issue (e.g., need for additional verification).
2. Review the Withdrawal Status
Go to “Finance → Withdrawal History” to check the current status. If it says “In Progress,” it hasn’t been processed yet.
3. Contact Pocket Option Support
Use the live chat or email: support@pocketoption.comBe ready with your account ID, withdrawal amount, and method used.
4. Check Your Payment Provider
If the status is “Completed” but you haven’t received funds, contact your card issuer, e-wallet, or crypto wallet provider.
8. Can You Cancel a Withdrawal?
You can cancel a withdrawal before it’s processed. Just go to your Withdrawal History and select Cancel next to the pending request.
Once the withdrawal is marked “Completed,” cancellation is no longer possible.
9. Final Thoughts
To sum it up:
Pocket Option withdrawals in South Africa usually take 1 to 3 business days, depending on your method. E-wallets and crypto are the fastest, while cards and bank transfers take longer.
To avoid issues:
Verify your account early
Stick to one method
Withdraw on business days
Monitor your withdrawal status
Pocket Option provides a convenient way for South Africans to trade, but you must be aware of the risks of offshore brokers and always manage your capital responsibly.
💥 Trade with Pocket Option now: Open An Account or Visit Brokers👈
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