The statement below explains how IC Markets’ Thai internet banking withdrawal procedure works. Please pay close attention to the details.
IC Markets has a cut off time each day for withdrawal requests at 12.00 AEST (Sydney time). Therefore, it is advised that if you want your withdrawal request processed on that day, you would need to have sent it before 12.00 AEST, otherwise, your withdrawal request will be processed the following day.
Once your withdrawal request has been processed, the time it takes for our system to transfer the fund back to your Thai bank account is between 1-2 hours (depending on the number of requests).
There is no fee charged when withdrawing. However, you are only allowed to withdraw the fund back to your bank account which is under your own name and the same name as your IC Markets’ trading account.
Maximum withdrawal amount per transaction is THB50,000 (no cap on how many transactions you make in a day).
This new method will be ready to clients on the 2nd of September.