Scope Markets Withdrawal
Which routes take money back out of a South African account, how long they take and what they cost.
Open a Trading Account →Scope Markets publishes an international bank transfer at three to five business days and card routes for withdrawals, with a minimum of 500 ZAR or the equivalent. The broker states it charges no withdrawal fee, though a bank may. Funds normally return to the deposit source in the account holder's own name once verification is complete.
How withdrawals are published
- The South African table lists an international bank transfer at three to five business days in both directions, with a minimum of 500 ZAR or the equivalent in another currency.
- Visa and Mastercard are shown as withdrawal routes with a 500 ZAR minimum; the instant timing in the table applies to deposits, and card refunds settle in the issuer's own time.
- Scope Markets states that it charges no fee on withdrawals, but the sending or receiving bank may still impose its own.
- Withdrawals normally return to the source of the deposit and to an account in your own name — a standard anti-money-laundering rule rather than a broker quirk.
- Verification has to be complete before a withdrawal clears, which is why it is worth finishing document checks when the account is opened rather than when the money is needed.
Withdrawal routes published for South Africa
| Method | Timing | Minimum | Broker fee |
|---|---|---|---|
| International bank transfer | 3-5 business days | 500 ZAR or equivalent | None charged by the broker |
| Visa | Per the card issuer | 500 ZAR | None charged by the broker |
| Mastercard | Per the card issuer | 500 ZAR | None charged by the broker |
Frequently asked questions
What is the minimum withdrawal?
500 ZAR, or the equivalent in another currency, according to the South African funding table.
How long does a withdrawal take?
An international bank transfer is quoted at three to five business days. Card withdrawals settle in the card issuer's own time.
Does Scope Markets charge for withdrawing?
The broker states it charges no fee of its own. The sending or receiving bank may still apply charges.