Wise

Wise (formerly TransferWise) has become one of the preferred withdrawal methods in the prop firm ecosystem due to its reduced fees and competitive exchange rates. Unlike traditional bank transfers, Wise uses local accounts in multiple countries, significantly reducing international transfer costs.

Prop firms offering withdrawals through Wise typically process payments faster and with lower fees than conventional bank transfers. To make the most of this method, you'll need an active Wise account. Verify whether the firm transfers in your Wise account currency or if there's an intermediate conversion, as this can affect the final amount you receive.