Deposits and Withdrawals
As a trader, it’s essential that you feel comfortable and safe in the knowledge that your funds are going to be secure with the site you use. Trading can sometimes be stressful and the last thing a trader needs is the worry that their money may be compromised and unprotected. Deposits and Withdrawals need to be safe, secure and fast.
If you choose to trade with Stern Options, you’ll never have to be concerned about your deposits or withdrawals as each method is 100% safe and dedicated to protecting its clients’ money and welfare. Hassle free and smooth, conducting both deposits and withdrawals at Stern Options couldn’t be easier, in addition to providing you with that much-needed peace of mind surrounding your money. Read on to find out more about how their entire deposit and withdrawal processes operate!
Deposits and Withdrawals
Stern Options recommends their clients to use a credit/debit card to make their deposits as this is generally the most efficient and fastest way of depositing money, enabling you to begin trading as quickly as possible. The cards that Stern Options accept include the following: Visa, Delta, Diners, MasterCard, Maestro, Maestro UK (Switch), Visa Electron and Solo.
However, if this method doesn’t suit you, Stern Options offers a range of other payments (Skrill etc.) that you will be presented with during the deposit process after signing into the trading platform.
This site also offers the option for wire transfers in which you can directly fund your online account from your bank. Whilst this method will offer you a higher degree of flexibility and freedom than some other methods, it is essential that you check how much you will be charged to make such payments (international wire transfer fees are likely to apply).
As with the majority of other trading with Binary Options sites, Stern Options has a minimum and maximum deposit amount that all clients much adhere to.
The minimum is $300 and the maximum depends on which payment method you decide to use:
- Credit/debit card – $20,000
- Skrill – $20,000
- Wire transfer: Unlimited
One of the main principles utilized by Stern Options is their dedication to taking precautions and safety procedures with regard to their clients’ accounts. Therefore, as a client with Stern Options, you can be rest assured that every single withdrawal you make will be secure to the highest standards.
Due to these maximum levels of security and protection, Stern Options requires you to take part in such procedures and adhere to them accordingly. This means that, upon making a withdrawal request, you’ll be asked to provide a range of documents and details for your own safety.
Whilst this may seem extreme to some and not often seen on a lot of other trading sites, Stern Options enforce these procedures to ensure maximum security and reassurance across all its withdrawals. Without appropriate ID, how will they know it’s actually you trying to withdraw the money? The last thing you want is a scammer getting hold of your account details and being able to withdraw your funds without question, so these procedures will guarantee safety and security of your account and every withdrawal request. You can always contact Sterns 24/7 customer support team for assistance and inquiries.
The documents and information you will be asked for are as follows:
- A completed withdrawal form that you will be presented with on the site
- A scan/copy of your ID (driver’s license or passport)
- A scan/copy of proof of address (a bank statement or utility bill that clearly states your current address)
- A scan/copy of any credit/debit cards you’ve used to fund your account
- A voice signature (you must contact your assigned Account Manager to complete this step)
- A completed and signed DOD (Declaration of Deposits)
Once all of these documents have been sent and received, Stern Options will consistently aim to have your withdrawal processed within 7 days.
The regulations applied at Stern Options also require them to transfer your withdrawal funds using the same payment method you used to find your account. This is for added security and reassurance that the funds are being withdrawn to the right person.
Efficient Deposits and Withdrawals
Hopefully you can now see how efficient and secure Stern Options are with regard to their client’s deposits and withdrawals. You can also read our customer reviews for more assurance on trading with Stern.When using this site, it is guaranteed that you’ll feel safe and confident that your money is being protected – an absolutely essential component of a successful trading experience!