No matter what trading strategy they use and how successfully, all traders face the issue of funds withdrawal sooner or later. IQ Option offers clients a wide variety of choices here. Read the article below to familiarize yourself with all the major options you have.
IQ Option does not apply transaction fees to deposit and withdrawal operations of our clients, except for wire transfers. All withdrawals made using the bank transfer will subject to an additional fee of 50 EUR (or 53 USD) will be applied. All other fees applied to your transactions are taken by the respective payment system.
Please note that a fully verified trading account will be required to proceed the request.
The general algorithm for fund withdrawal is identical regardless of the payment system. To receive your money, do the following:
1) Go to iqoption.com,
2) Sign in,
3) Click on the user pick in the upper right-hand corner of the screen,
4) Choose “Withdraw Funds” from the list of available options,
5) Pick the preferred payment system,
6) Follow the instructions from the payment system.
One of the most popular methods out there. It is, however, does come with two limitations. First, the trader has to use the same card that he previously utilized to credit his account. Second, due to technical peculiarities, the amount of money withdrawn to the card cannot exceed total deposit made during the last 90 days.
This rule can be illustrated by the following example. Imagine your account balance is equal to $350, of which only $150 have been deposited in the last 90 days. It will take two separate operations to withdraw the remaining funds. First, transfer $150 to the original credit card, then the residual of $200 using another payment of your choice.
Visa, Master Card, Maestro and China UnionPay cards are all accepted. IQ Option can also boast the 1st (highest) Payment Card Industry Data Security Standard merchant level.
Neteller is not working in Afghanistan, China, Cuba, Eritrea, Iraq, Kyrgyzstan and Libya. Neteller is also offering limited service in the following countries and territories: France, Germany, Hong Kong, Italy, Macao, Singapore, Spain, Turkey, UAE and the United Kingdom. In most Arab countries banks do not work with Neteller. Clients from these countries may want to use WebMoney or Skrill instead.
26 national currencies are supported by Neteller: AED, AUD, BGN, BRL, CAD, CHF, DKK, EUR, GBP, HUF, INR, JPY, MAD, MXN, MYR, NGN, NOK, PLN, RON, RUB, SEK, SGD, TNG, TWD, USD, ZAR. Although the USD is available as a wallet currency, it still cannot be used for withdrawal purposes.
In order to retrieve funds using Neteller traders will have to verify their account first. It can be done by submitting a bank statement issued not later than three months ago. Remember that the email address, mentioned during the registration process, will be used as your Neteller account login. For the sake of convenience, users can get Net+ Prepaid Card, which can be used for direct money transfers.
Note that transactions have both minimum and maximum amounts. The latter will depend on your choice of a currency.
Skrill wallet can be opened in one of the 40 different currencies: AED, AUD, BGN, BHD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, INR, ISK, JOD, JPY, KRW, KWD, MAD, MYR, NOK, NZD, OMR, PLN, QAR, RON, RSD, SAR, SEK, SGD, THB, TND, TRY, TWD, USD, ZAR.
The email address, mentioned during the registration process, will be used as your Skrill account login. Users have a chance to activate two-factor authentication for additional security. The bank account/card can be linked to your Skrill account. However, in this case the verification process may take some time.
Transactions in this system have a set maximum limit.
WebMoney does not provide its service in the following states and territories: American Samoa, Afghanistan, Algeria, Angola, Bosnia and Herzegovina, Ecuador, Guam, Guyana, Indonesia, Iraq, Laos, Libya, Mali, Mauritania, Myanmar, Northern Mariana Islands, Panama, Papua New Guinea, Somalia, Yemen, Uganda.
Eight different currencies and assets are available to WebMoney clients: WMZ(USD), WMR(RUB), WME(EUR), WMU(UAH), WMB(BYR), WMK (KZT), WMG(Gold), WMX (Bitcoin).
Users can get the WebMoney Card to make the process of depositing and money transferring easier.
The following payment systems are available for deposit purposes only:
Euteller — Finland
Giropay, Sofort — Germany, Austria
iDeal — Netherlands
Boleto — Brazil
Neosurf — Spain, France
Teleingreso — Spain
Alipay, WeChat — China
In case of depositing via one of the above-mentioned systems traders will need to withdraw their funds either through an e-wallet or wire transfer.