IQ Option withdrawal and deposit process are different from other broker’s firm. Of course, there is no similarity because each broker has it’s customized terms and condition.
Moreover, many traders pay a little attention to a broker’s withdrawal and deposit policy. However, it is required for all types of traders. Traders mainly focus on other promises features. They completely ignore the terms and conditions mentioned by a broker.
In this article, we will explain how you can withdraw and deposit from IQ Option, problems, withdrawal proofs, and account verification process by following all the terms and condition.
If you don’t know about IQ Option, quickly read this Review on IQ Option for better understanding.
To start a trade with the real money, traders need to deposit a minimum amount in IQ Option. The initial deposit amount is 10 USD/GBP/EUR.
You can deposit the amount with the help of various depositing methods. However, Iq option has not yet improved PayPal method.
Moreover, there is no additional fee for depositing money into the IQ Option account. Traders can deposit using a debit or credit card (Visa, Mastercard or Maestro) or an e-wallet like Skrill, Neteller, or Webmoney, Astropay Card, AdvCash. To deposit via debit and credit card, the card must be valid and registered in your name.
It is also necessary that the card will support an international online transaction. Changing currency is not possible after attempting the first deposit.
The interesting part is that you can deposit any currency that will automatically convert into your selected currency. To complete the whole deposit process successfully, you have to follow the below steps.
To get to the deposit page, press the deposit button in the upper right corner of the main website page or directly from the trading platform.
Then, you can choose the default amount from the given list on their main website or specify any other amount.
There are several ways to deposit funds. Select one from the list. Click “Go To Payment”. You will be redirected to the new page where you have to enter the card number if you choose the debit or credit card as your payment method.
Enter card details with the CVV number. It is a security element during an online transaction. To complete the transaction press the “Pay” button.
On a new page that opens, enter the confirmation code. It is the one time password generated to your mobile phone that confirms the security of the online transaction.
Press the “Confirm” button to complete the process. A confirmation window will appear after successfully credited your account.
When making a deposit, your bank card will be linked to your account by default. You won’t have to enter your data again. The only thing that you need to choose is a card from the list.
On the other hand, you can unlink your card by clicking the “Link Card” button.
The minimum withdrawal amount is $2 and will depend on the deposit method. Per day, you can withdraw up to $1,000,000. However, the number of withdrawal requests is unlimited.
It will take 1-3 business days to process your request. Sometimes it takes longer than expected because it depends on the payment service provider. Moreover, it will take 1 day for an e-wallet and 7-9 days for a bank transfer.
You will be charged a bit extra to withdraw the amount except for wire transfers. Traders will be changed with a 2% withdrawal fee starting from the 2nd withdrawal per month.
But traders need to verify their account information before withdrawing money from the account.
Regardless of the location, traders can withdraw their money via a wire transfer.
According to their rules, traders will get 1 free withdrawal per calendar month, which does not depend on your payment method.
The below steps need to follow by traders to complete the withdrawal process.
To get to the withdraw page, select “For Traders” from Iq Option homepage on the top panel. But if you are in the trade room then click on your profile. From the list, select the “Withdraw Funds” option to open a new page.
You will be redirected to the withdrawal page.
Specify the amount you want to withdraw. For a withdrawal to a bank card, the transaction is carried out as a refund transaction. After that, you can withdraw your profit by using any available methods.
As per their website:
You will be able to withdraw the sum of the deposit amount in the last 90 days to your card. Everything that exceeds that amount (profit) should be withdrawn to an e-wallet (Skrill, Neteller, Webmoney).
Your withdrawal request will be displayed on the withdrawal page.
After the request comes to the process, you will receive “In Process” status. The fund will be removed from your balance and you will receive “Complete” status.
After that funds will be sent to your bank card or e-wallet after request received to the “Fund Sent” status. You will get a “HOLD” status if your documents are still needed to approve.
If your request receives the “Cancel” status, that means it is not being processed. Moreover, you can see the status of your withdrawal request, at any time in your Transactions History.
Traders need to follow some steps to complete the process which we already mentioned above in this article.
The process is very simple and easy. On top of that, we have found a few traders who mentioned their problems in different forums.
Apart from the minority, a vast number of traders trade on IQ Option platform without any complaint. They are also satisfied with the service.
To avoid problems regarding withdrawal, there are several steps that you need to follow.
To know the common FAQ, read our article on why traders can’t withdraw profits from the IQ option.
You have to enter valid name and data while opening an account with IQ Option. Also, you have to verify your account.
To verify the account, traders need to contact the customer support team and send your identification documents.
Do not rush after sending the withdrawal request. Usually, it takes 3 business days to complete the process.
Moreover, VIP traders need to inform the personal account manager about their request.
Many payment systems like QIWI and WebMoney, are not allowed to transfer funds of more than $350. To withdraw a larger amount, you have to create several withdrawal requests.
Withdraw to a card is only possible if the money has been deposited from the card.
You can withdraw the same amount that you have been deposited.
The user account has been blocked due to violation of payment policy of the company.
The user can have only one real account on the platform however, he can have numerous demo account.
In the withdrawal request, the balance needs to be the same in the next day on the balance sheet at the time of processing the request.
If you comply with all the conditions of the payment policy of the company, you will have no problems withdrawing your money.
Local bank transfer for South Africa is now available in IQ Option platform. You can deposit and withdraw your money through your preferred local bank.
You need to follow some steps to deposit your real account using local bank transfers.
How To Deposit Funds:
Go to the IQ Option website and click “Deposit” button. Select your deposit amount with a preferred local bank.
Then, you will find the full list from the website. Select the currency type.
After redirecting to the payment gateway, you have to input the necessary information to log in. An OTP code will send to your mobile phone.
Verify your login with OTP code received on your mobile phone.
At first, you have to choose your preferred local bank to withdraw funds. The minimum withdrawal amount is $2.
How To Withdraw Funds:
Choose your local bank from the list and input the amount. Input your banking account credentials. Finally, click the “Withdraw Funds” button. You will successfully send your withdrawal amount.
Except for all other methods, traders from Thailand, Indonesia, Malaysia, Vietnam can refill their accounts through local bank transfer.
It will let you deposit your local currency and use the preferred bank of yours.
You will find a full list of banks available for payment. For your better understanding, we are giving here a list of those banks.
Thailand – Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bank of Ayudhya, Government Savings Bank, TMB Bank.
Vietnam – Vietcombank, Asia Commercial Bank, Bank for Investment and Development, Techcombank, Vietin Bank, Sacombank, Donga Bank, Eximbank.
Malaysia – Maybank, Hong Leong Bank, RHB Bank, Public Bank, CIMB Bank, AmBank
You need to follow some steps for making a deposit using bank transfer.
How To Deposit Funds:
Select your deposit amount with the preferred local bank after clicking on the “Deposit” button. After selecting the currency type, click on the “Go payment” option.
You will redirect to the payment gateway of a chosen bank. Input your necessary information to log in and click “Continue”.
Verify your login with OTP code. After successful account verification, your deposit will successfully process.
IQ Option has gained popularity in India within a very short time. Trading Binary Options is legal there. Even more, trading with IQ Option is completely legal in India.
Traders from India now have an opportunity to deposit and withdraw the amount with the help of Jeton Wallet. However, it is quite complicated for traders.
For better understanding, we will mention the registration process step by step.
Open the Jeton Wallet site and fill the registration form with your correct information. Click the Deposit button.
Select the payment method from the available list. We are choosing the ‘Manual Bank Transfer’ as an example.
Enter the Deposit amount and select the currency. Select the Deposit Action. Be very careful during this process. Wait for the confirmation from the Bank Account. You can select a Bank after confirming the order with Jeton and complete the operation.
Now you are ready to deposit via Local Bank by using Jeton Wallet. If you already have an account then just login to the account by giving User ID or E-mail or phone number, and password.
Follow some steps to deposit your real account using Jeton Wallet.
It is easy to earn money using IQ Option platform. Moreover, the platform is user-friendly. So, novice traders can perform trade with small trading knowledge.
In this section, you will find withdrawal proofs which will help you to understand that trading can be profitable with this broker platform. For your better understanding, we mentioned here a few trader’s withdrawal proofs along with our traders.
In the below picture, you will see a transaction history mentioning the date, operation type, payment method, and amount. For security purpose, we fade the name and others information of a trader.
IQ Option is a famous and great trading broker with multiple trading assets. They are also famous for their trading strategy, indicators, and tools. Moreover, the education section is very helpful for both the novice and professional trader.
The team of IQ Option always focus on their customer preferences.
Besides the whole trading systems are transparent, and they pay traders without any hassle. The process of deposit and withdrawal is easy, fast, and safe. They offer different methods with proper terms and conditions.
So, you can start your first trading with this regulated old and great broker
This post was last modified on March 12, 2023 3:59 pm