How To Withdraw Funds From IQ Option? Best Methods And Tips You Should Know

Being unable to withdraw money is one of the nightmares of traders. There may be times when you refused or stalled withdrawals. There could be two reasons behind it. If the broker is genuine it’s been enforcing strict withdrawal procedures to make sure money is transferred to the right person or the broker you’ve been dealing with may not be a legitimate entity.

If you have experienced all these and struggled before with withdrawing your earnings from a broker, you’ll find IQ Option a great improvement. To have fast and hassle-free withdrawals, IQ Options is your option. In this article, we will talk about the withdrawal process, options, and limitations of using this broker. How to invest your earnings properly, you can find it in pointers.

IQ Options offer a free demo account which is a great thing for new traders so that they can test drive if it’s your first time to come across the company. With the help of virtual funds that you get into your demo account and can use for simulated trading or, if you want, for real trading. By free demo account, you get a chance to try the product first-hand to learn more about its trading tools and features at no cost thanks to the IQ Options free trial.

You will find so many advantages to using IQ Option. IQ Options is one of the easiest trading platforms. On this platform, you can expect world-class customer support and safe and fast money withdrawals using several methods, as you’ll learn in this article.

It is important for you to read in detail its terms and conditions even if you find in your research that IQ Option is the real deal. There may also be crucial differences in withdrawing for most brokerage companies.

Should You Withdraw Money Right Away?

Your first impulse is to get a hold of your gains by quickly withdrawing your funds when most traders make their first successful trades. Because of higher long-term gains, more successful binary options traders eschew this approach.  IQ Option posted these practical tips on its website:

Go ahead and withdraw your money if you only trade to have some fun. You should ask yourself why you invest real money at all in this case. You could enjoy completely risk-free fun with the IQ Option demo account.

You should wait before you withdraw if you trade seriously as you probably have a trading plan.

Let’s answer our question keeping broker’s advice aside: From IQ Option, how to withdraw money?

IQ Option Withdrawals: Quick Summary

There is nothing as easy and fast as withdrawing money through the IQ Option app. In the binary options trading niche it is one of the simplest as cited in various binary options brokers reviews. You can use credit cards, e-wallet providers, and wire transfers to withdraw money.

You could have free service of credit card and e-wallet withdrawals. You only need to factor in fees when you choose the wire transfer withdrawal option, the rate depending on your provider.

IQ Option does the same job quicker–within 24 hours and for free whereas other brokers take two days to process your withdrawal and charge you $30 to $50 for it

Such policies matter. To make the most of the withdrawals IQ Option stands as the best choice for traders.

Withdrawing Money from IQ Option: Best Methods and Tips

Within one business day, IQ Option processes all withdrawals free of charge, but what difference does it make when withdrawal from credit or debit card, wire transfer, or e-wallet. Check out the different withdrawal methods below.

1. Credit Card/Debit Card Withdrawal

For withdrawal, at IQ Option a credit card or debit card is the preferred choice. Visa, Visa Electron, Maestro, and MasterCard all these bank cards are accepted by IQ Option.

 you may rest assured in the fact that IQ Option boasts the first highest Payment Card Industry Data Security Standard, merchant level, in case you are having reservations about conducting funds withdrawal through your bank card.

• Wire Transfer Withdrawal

To withdraw funds from IQ Option, there are many reasons why you may want to use wire transfer only as a last option. IQ Option will process wire transfer withdrawal requests within 24 hours as it does with e-Wallets and bank cards. IQ Option usually takes a longer time to complete processing by the banks in which you hold an account after such withdrawal requests leave IQ Options.

Generally, wire transfers require payment. The dependencies of the rate are mainly on the locations involved and the practices of your bank. It would be wise to consider the cost of payment involved if you cannot avoid such fees, you do not have to consider such fees with credit card withdrawals

There are reasons why this payment method is still necessary as it is said that withdrawing through wire transfer is best reserved as a last-resort option. One amazing reason is the existence of the so-called anti-money-laundering law that only allows you to withdraw through your credit card as much money as you deposited using it and is reflected in the provision. If it leaves you no option but to stick to wire transfer for all withdrawals after deposited money via wire transfer, having opted out of credit card transactions.

• E-Wallets

e-wallets are another way to withdraw your winnings. It is usually provided by a third-party provider or payment gateway. Though, these are not without issues but,  if you stick to the popular ones, you’re less likely to encounter problems.

Recommended E-Wallet Providers

Is it easy to withdraw money from e-wallets?  With a few tips, Here are the different providers. One that will allow you to use this channel to get your earnings.

1. Skrill

Skrill is based in London, United Kingdom. it asks for your email address to be used as your account login during registration. For additional security, you have a chance to activate two-factor authentication. Expect the verification process to take some time, you can link your bank account or credit card.

Do not forget to make sure that your preferred currency is from one of the 40 countries accepted by Skrill. Skrill is not available in Latvia, Afghanistan, Cuba, Myanmar, Nigeria, Somalia, and Yemen. Also, does not operate in Iraq, Eritrea, and Libya. Note that Skrill sets a maximum limit to your transactions.

• Neteller

Its headquarters are at Douglas, the Isle of Man, you first need to verify your account first before you could retrieve your funds to Neteller. For this, you need to submit a bank statement issued not later than three months ago.

You will use your email address for account login, which it asks for during the registration process. Also, it will ask for Net+ Prepaid Card which you can conveniently use for direct money transfers.

The latter depending on your choice of currency, Neteller sets both minimum and maximum transaction amounts,

You can verify 26 national currencies that it supports on its website indicated above.

• WebMoney

These have headquarters in Moscow, Russia. In 2016 WebMoney has won several awards. To open or operate a WebMoney account, you need no bank account or credit card making it accessible to many people.

• Boleto

Boleto Bancário is the official name and a payment method in Brazil. FEBRABAN regulates it which is short for the Brazilian Federation of Banks. A boleto can be paid at ATMs, branch facilities, and internet banking of any bank, post office, lottery agent, and some supermarkets until its due date. It can only be paid at the issuer bank facilities after the due date.

By an authorized collector agent, Boleto can only be collected in the Brazilian territory.

• FasaPay

Based in Orchard Road, it is an Indonesian electronic payment system that allows a maximum withdrawal of $75,000.00 and a minimum of just $1 per transaction. At fees ranging from free to 5%, you can do multiple transactions each day

At FasaPay you must be a verified account holder. To be a verified account holder, PasaFay requires the submission of bank documents. Aside from the standard account password, FasaPay provides 4 other ways to secure your account.