Not getting paid on time or not getting paid at all are things that unfortunately forex trader has to experience every once in a while. It is a very stressful issue especially if your withdrawal request is for several thousands of dollars. So here is the question - what can you do to protect yourself from withdrawal issues?

Not getting paid is unacceptable and instead of feeling completely powerless there are several things I would suggest doing in order to avoid the undesirable money-stress.

First of all, in case your forex broker is well-known, trusted and respected, you are definitely not the only client. Chances are your withdrawal request gets into a big "to-be-paid" pile of the financial department.

Sometimes forex traders are the ones to blame. Every forex broker has its own withdrawal requirement and you have to follow each step in order to Ensure the successful transaction. Make sure that your documents, Faxed, emailed or filled online, include the all necessary information. This way your broker, accountant in front of the "to-be-paid" pile will have no excuse to put your payment request in the "incomplete" basket, or folder or trashcan. In case your request ends up in the less unfortunate pile, it is almost certain that your payment will not be on time and you will most likely have to wait until next month. Of course, by then you will end up loosing millions of brain cells due to stress, lack of sleep and endless disappointment.

Some forex brokers make payouts once or twice a month at a certain date. You might want to find out the tricky schedule in order to file for withdrawal regularity at the same time. Not only your forex broker gets your request to expect at a fixed time of the month but then it gives you a chance to be more organized, which is quite difficult while working from home!

You might also want to ask your broker which payment is the fastest. Wire transfers can take weeks while the alternative payment method such as PayPal may process your transaction within minutes.

Since most forex brokers charge some kind of a fee for every payment transaction, you might not think that withdrawing for a while is a better deal. In my opinion, smaller amounts are less frightening than larger chunks. Meaning that, maybe it is wise to not so save up your profits until you become a millionaire. I say, submit withdrawal requests regularly. That should save you the trouble.

Last but not least, is communication. Getting your dog at all grumpy or complaining to your neighbor will not you get closer to the payout. Sometimes an official email but strict or even a phone call will do the trick. Yes, forex trading does not completely isolate you from the society and social skills. You have to talk to people making the payment in case there is some kind of misunderstanding or delay. Start with a friendly reminder and See how things go. In case friendliness is not working out, you can always threaten to publish a bad review all over the internet. That usually puts brokers on their toes.

In case your forex broker really has gone bad, spread the word in forums and forex portals such as this. Your posts will not only be noticed by the forex broker in question, but will then warn other traders about no-payment dangers.