Withdrawal Fee & Limit
For a step-by-step guide on withdrawing fiat from your account, please refer here.
For Withdrawal via Straits X:
(Charged by Xfers)
|Max. Amount (Daily)||S$20,000||S$50,000||S$200,000|
* Deposit and withdrawal limit via Straits X is S$20,000 per transaction.
If you are a Premium member, and would like to withdraw S$50,000 via Straits X (Xfers Direct) Transfer, please make 3 transactions ( S$20,000 + S$20,000 + S$10,000). For Platinum members, please make 10 transactions.
For Withdrawal via Bank Transfer:
|Max. Amount (Daily)||NA||S$50,000||S$200,000|
*Introduction of Admin Fee for Fiat (SGD) Withdrawal
With effect from 10th July 2019, an admin fee of SGD100 will be charged for fiat withdrawal requests made by accounts without a minimum of SGD1,000 trading size (Fiat-Crypto).
Andy deposited SGD2,000 and has completed orders amounting to SGD1,000. Subsequently, Andy withdraws SGD1,000.
No Admin Fee is charged. Andy receives 1,000 X 99.7%* = SGD 997 in his bank account.
Betty deposited SGD3,000 and has not completed any orders. Subsequently, Betty withdraws SGD3,000.
Admin Fee is SGD100. Betty receives (3,000 X 99.7%*) - 100 = SGD2,891 in her bank account.
Chris deposited SGD3,000 and has completed orders amounting to SGD650. Subsequently, Chris withdraws SGD1,000.
Admin Fee is SGD100. Chris receives (3,000 X 99.7%*) - 100 = SGD2,891 in his bank account.
* For normal members there is a transfer fee of 0.3% via Strait X (Xfers direct).
For Withdrawal of USD:
The Company reserves the right to change these terms and conditions at any time without prior notice.
|Currency||Fees||Daily Maximum Withdrawal Limit||Daily Minimum Withdrawal Limit|
Just like SGD and the mentioned examples, An admin fee of USD100 will also charged for fiat withdrawal requests made by accounts without a minimum of USD1,000 trading size (Fiat-Crypto).
For Withdrawal of Cryptocurrencies:
*Platinum users who have accumulated 5,000 TKX either in their wallet or in our Crypto Earn feature will be able to enjoy crypto withdrawal with no fee.