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How to Deposit and Withdrawal with IQ Option trading account + FAQ
How to make a deposit to your IQ option trading account using Skrill
Skrill is one of the leading online payment processors based in the UK. Most online forex brokers accept it as a payment option. This makes it quite popular among both experienced and amateur traders. Another reason why it’s popular among traders and brokers alike is the low fees charged for transactions.
With IQ Option there will be no fee charged for the deposit and withdrawal, this is why I choice skrill to found my trading account.
If you have an IQ option trading account and want to use Skrill as your main way to make deposits and withdrawals, follow these three steps.
Create a Skrill account if you don’t have one already. The process is quite simple and you will be required to provide a bank account as well as identification documents which must be verified.
Once your skill account is set up, you will need to make a deposit. There are several ways to do this. For the purposes of this guide, I’ll cover two.
The first method is via bank transfer. Through this method, you will be required to provide your bank account details and request funds to be transferred to your Skrill account.
The great thing about bank transfer to Skrill is that it doesn’t attract any fees and there’s no maximum limit.
However, it will take approximately 3 to 5 business days for your funds to reflect on your Skrill account.
The second method is via credit/debit card. The main advantage of this method is that funds will be transferred within seconds. This allows you to make your IQ Option deposit and start trading faster. This method, however, attracts a 1.9% transaction fee and has a $342.73 limit.
By now you might be wondering, why use Skrill to make deposits and withdrawals when I can use bank transfers?
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The process of transferring money from your bank account to your Skrill account and then to your IQ Option account might seem tedious. However, there are two main advantages to this.
The first advantage is that IQ Option to Skrill withdrawals attract lesser fees compared to IQ Option to bank withdrawals. This makes it easier to withdraw small amounts from your IQ Option account.
The second advantage is that depositing and withdrawing from IQ Option to Skrill takes lesser time.
The final step involves transferring funds from your Skrill account to your IQ Option trading account. The deposit is instant so you can start trading almost immediately.
– Start by logging into your IQ option trading account and click on the deposit button.
– Once on the payment options age, click on Skrill.
– Enter the amount to deposit and click continue.
– You should be redirected to Skrill where you can log in to your Skrill account to complete the transaction.
Withdrawing from IQ Option to Skrill and from Skrill to your bank account
Login to your IQ Option account, click on balance and then withdraw. Once redirected to the payment options page, click on Skrill.
Enter the email address linked to your Skrill account and the amount to withdraw. Click send and the funds will be sent to your Skrill account.
Once your funds reflect in your Skrill account all you need to do select any bank account linked to your Skrill account. Next, input the amount to withdraw and then finish the transaction by clicking on the send money button. General Risk Warning! your capital may be at risk
How to Fund Your IQ Option Account Using a Debit Card.
Debit card is considered one of the best and easiest ways to fund your IQ Option trading account. The cool thing about debit cards is that they’re funded with money you actually have.
The first thing you’ll need to ensure is that your debit card can be used to make online payments. For example, if you own an ATM type of card, you’ll need to visit the issuing bank and ask them to activate it to make online payments.
Why not simply fund your IQ option trading account using bank transfer?
Bank transfers take longer to process and also attract higher transaction fees. Your debit card is faster and you don’t necessarily have to visit your bank to make subsequent transactions with your IQ Option account. Now that you have a debit card that can be used to make online payments follow these steps.
Open your IQ Option trader account. Click on deposit.
Select Visa/Master Card as the payment method. Next, enter the currency type and amount. Finally, click on the continue button.
On the page that appears, you will need to enter your debit card details. These include the card number, validity period, your name as it appears on the card and, the CVV2/CVC2 number (3 digits that appear at the back of your card).
Finally click on the pay button. IQ Option will send an SMS code. This code should be entered in the field that you’ll find on the page that appears after you authorize the payment. Entering this code indicates that you have authorized IQ Option to request funds from your debit card. General Risk Warning! your capital may be at risk
How to Withdraw Your Earnings from IQOption via Bank Transfer
One of the withdrawal methods IQOption accepts is to a bank account. This broker accepts withdrawals to all major banks in the world. In addition, they also accept withdrawals in different currency denominations.
The cool thing about IQ Option is that you can withdraw via bank transfer even if you funded your account using a different payment method such as credit card.
If you’ve already earned profits from your trades and would like to withdraw via bank transfer, this guide is for you.
Go to your account and click on the balance tab. Next, click on withdraw. This will direct you to a page providing several withdrawal options such as WebMoney, credit card, Skrill, Neteller and bank transfer. View screenshot below.
Click on the bank transfer option. IQ Option will give you a form to fill in order to start the withdrawal process. The form has 10 different fields. Here’s a brief description of each field.
- Amount to withdraw to your bank account
- Your bank account number
- Your (TIN) Tax Identification Number. This is required in most countries where earnings from trading binary options is taxable.
- IBAN (International Bank Account Number). This is also required in some countries. IBAN uniquely identifies your bank account number.
- Bank SWIFT code. This uniquely identifies your bank. If you don’t know it, contact your bank and request for it.
- Bank address
- Bank name
- Country of residence
- Your personal address (as it appears on your bank account details)
- Your name (as it appears on your bank account details)
Once you’ve completed filling in out the form, click on send. IQ Option will start processing your withdrawal request almost immediately. However, depending on your bank you should receive your funds within 3 to 5 business days.
Note that your bank might charge additional fees on your funds so you might receive slightly less than what you requested from IQOption.
It’s also worth noting that your bank will automatically convert your withdrawn amount to your country of residences currency. For example, if your bank account is in India and you withdraw in USD, the amount will be automatically converted to INR. The conversion will be based on the prevailing exchange rate. This will therefore affect the eventual amount you receive in your bank account.
Compared to other withdrawal methods, bank transfers are a bit expensive especially when withdrawing small amounts. We recommend you use it when withdrawing $500 and above. The reason for this is that IQ Option deducts a flat $53 fee on bank transfers. General Risk Warning! your capital may be at risk
Guide to Making a Deposit to Your IQ Option Trading Account Using a Credit Card
One of the easiest and fastest ways to make a deposit in your IQ Option trading account is via credit card. As you’ll see in this step by step guide the process is quite simple. All you need is a valid credit card. Here are the steps.
Login to your IQ option trading account. Click on the deposit button. You will be redirected to a page showing different accepted payment options. Click on the Visa/Master Card option. Select USD under currency and enter the amount you wish to deposit. Click continue.
You should now be on a page asking for your credit card details. Fill in the card number, its validity, your name as it appears on the card and the CVV2 number. Click on pay to transfer funds to your IQ Option account.
This two step process is all that’s necessary for you to start trading with IQ Option. IQ Option doesn’t charge any deposit fees.
Guide to Withdrawing Funds from IQ Option to Your Credit Card
One of the IQ Option accepted withdrawal methods is credit card. However, you can only withdraw to your credit card if you funded your account with it. In this guide, I will take you through the steps involved in IQ Option credit card withdrawals.
Log into your account, click on balance and then withdraw. This will redirect you to a page with several payment options.
Click on credit card. The next page displays your credit card details. All you need to do is enter the withdrawal amount and click send. IQ Option then sends the money to your credit card. Interestingly it’s entered as a refund to your credit card.
IQ Option Credit Card Withdrawal FAQ
Q: How long does it take for funds to reflect on my credit card?
A: IQ Option starts processing your withdrawal immediately. However, the funds will take 3 to 5 business days to reflect on your credit card balance.
Q: Do credit card withdrawals attract a fee?
A: IQ Option doesn’t charge a credit card withdrawal fee.
Q: Is there a maximum withdrawal amount?
A: IQ Option will only accept withdrawals up to the amount you initially deposited. For example, if you deposited $250 using your credit card, you can only withdraw an amount not exceeding $250. Any amount above this should be withdrawn using any other accepted payment method such as Neteller or bank transfer.
Q: I deposited using credit card, can I withdraw earnings using another payment method?
A: Yes. However, you must first make a full deposit refund to your credit card before withdrawing via another payment method. For example, if you deposited $250 using credit card and want to withdraw $500, $250 must be withdrawn to your credit card first. The remaining $250 can then be withdrawn using another payment method. General Risk Warning! your capital may be at risk
IQ Option Deposit and Withdrawal FAQ
Q: My phone number is already registered with my banks mobile banking service. Do I need to register it again?
A: Your banks mobile banking service is separate from the debit card issuing service. In addition, you might have a different mobile number you’d want to use when conducting online transactions.
Therefore, you will need to register your mobile number again. However, with regard to IQ Option, you don’t have to register your mobile number twice since you already submitted it during the IQ option account setup and verification.
Q: Are transactions made between my debit card and IQ option trading account secure?
A: IQ Option encrypts all data that’s passed between your debit card and trading account. No one can access the data as it’s passed between the two accounts. In addition, every transaction must be confirmed through an SMS code sent to your mobile phone.
Q: I don’t hold a US bank account but my IQ Option account is in USD. Can I deposit and withdraw to my debit card?
A: Yes you can. IQ Option will automatically convert deposits from your home country’s currency to USD. Conversely, withdrawals in USD will be automatically converted to your home currency by your bank.
Withdrawal and deposit method for the best binary trading in Pakistan – Tips to withdraw money and deposit funds on IQ Option account
IQ Option is one of the best online trading platforms of the world. It has millions of broker and investor accounts operating currently. The return on your investment can be as high as 91%.
Moreover, the deposit process, investment and withdrawal process is easy and hassle free. IQ Option is legally compliant to the legislation of all the states in which it is operating. However, this is high a risk investment platform. You should not invest what you cannot afford to lose. You can lose all of your investment. This is why you need to do excessive market research while investing.
Why is Deposit and Withdrawal Required in IQ Option?
While making an investment, a trader is required to deposit money into his IQ Option account, which is later on used as an investment. The investment can be as low as $10. There is no service fee, hidden charges or other deductions on the deposit amount.
Deposit through IQ Option in Pakistan
Invest into your trading account could never have been easier, through IQ Option. There are numerous forms through which you can perform you transaction. These include:
Credit Card / Debit Card
This is the fastest and easiest way to put money into your trading account. All you need to do is enter your Account Number, enter your details, enter the amount of investment and proceed your transaction. Money transferred to the account will appear within few minutes. In case of any delay, call customer support.
This payment forms is available for:
- Visa Electron
Bank Account or Bank Card
To add funds in your account through bank card, you simply need to add bank card number instead of credit card number and fill in the details. You can now initiate you transaction in a similar way to credit card/debit card payment method.
Wired Bank Transfer
This payment procedure is slow (it takes a whole business day to receive money into your account) yet safe and reliable. The security through wired bank transfer is greater because the transaction is performed from one bank account to another. Both of these accounts are verified. This way is suitable for large sums of money.
Digital Wallet or eWallet
This is a fairly new online payment method that rose to prominence due to its ease of transactions. eWallet is mostly similar to a credit or debit card with the only difference that it is an electronic card with a prepaid account.
IQ Option also supports deposit through bitcoins. Bitcoin is a digital currency without physical existence, one of the many forms of a cryptocurrency. You simply need to add “Bitcoin” as your payment method, while selecting a payment form. The amount deposited in your account will be in its BTC equivalent (the exchange rate of bitcoins). Once your payment is Cubit verified, you will get funds in your account.
Withdrawal through IQ Option in Pakistan
The investment or return on investment can be withdrawn any time after the deposit. Estimated time to complete the withdrawal is 1 business day and estimated fee is $2 (applicable to few withdrawal forms). Local banks may deduct service fee or taxes according to the legislation of residing country of the investor.
Once you have transferred money into your investor account in IQ Option, you can withdraw anytime, even before the investment period ends. You can withdraw your initial investments (if you did not lose it) and profits earned on investment, anytime. Withdrawing money on IQ Options is quick, hassle free and free of cost(with few exceptions). You can withdraw up to 1 million US dollars per day! The withdrawal requests are processed within few hours to a maximum of 3 days.
Credit Card/Debit Card
Once you have decided to withdraw funds, select credit card, bank card or debit card as your withdrawal method while processing the transaction. This form is easiest and convenient to use.
If you have transferred your funds through eWallet, this option is available to you. You can only withdraw money to your eWallet account used for deposit.
Wired Bank Transfer
This withdrawal is subject to charges and takes longer than usual. Although this sounds like a last resort for withdrawing money, there are two benefits of withdrawing money through this procedure. These include:
- It is safe and secure.
- It is complaint of anti-money laundering law which states that you can only withdraw money, exceeding your investment, through a banking channel.
If 15 business day period has lapsed and you did not receive payments in your account, contact customer support immediately. The support team will provide guidance and explanation to you regarding the matter at hand. You will be instructed to follow steps to secure your money.
The Identification Process of Withdrawal
IQ Option has also put forward a transparent identification process at the time of withdrawal for your own safety. This ensures that your funds are not being sent to someone else account, intentionally or unintentionally. For the identification process, you are required to give the following credentials:
- A photo of your National Identity Card, Driver’s License or Passport
- Bank card’s photo of both sides with the first four and last four digits of card number visible (in case of withdrawing through a credit or debit card)
IQ Option in Pakistan
Trading binary options has been legalized by the Securities and Exchange Commission Pakistan (SECP). If you are a potential investor looking for investing in binary options, we reply that you should definitely opt for IQ Options due to the following reasons:
- Investment in IQ Option is hassle free and simple.
- The return on investment can be as high as 90%.
- You only require $10 to invest.
- You can practice and sharpen investment skills in the demo account.
- There is a 24/7 customer support available for you
There may be some other questions about IQ Options that rise in your minds. To make investment decisions easier, let’s have a look on those queries:
Is Trading Legal on IQ Option?
Yes, it is absolutely legal to trade options on the platform. IQ Option is authorized to sell its products to many clients, residing in many geographical locations.
Is IQ Option in its Start-up Phase? Is it an Unsafe Investment?
Although IQ Option was founded in 2020, it is the fastest growing network of traders. As of 2020, there were more than 20 million trader accounts fully operation on IQ Option. The investment is therefore, safe and secure.
How Much Capital Do You Need to Invest in IQ Option?
You can start trading with an investment as low as 10 US Dollars! Anyone can afford trading with the help of IQ Option.
How Old Do You Need to Be to Invest in IQ Option?
You need to be of legal age, 18 years or 21 years, according to the laws of the state in which you are residing. This is done to protect you from any losses or legal formalities.
What Should I Do If I Do Not Have Any Prior Knowledge of Trading, Let Alone Online Trading?
You do nOt need to be a financial expert in order to invest in IQ Option. You only need beginner’s training and market information to trade on IQ Option. For training, IQ Option has also introduced a Demo Account that has never been offered before.
What is a Demo Account?
In the Demo Account, you are given virtual money and investment options. The account is free, without any risk and fully accessible and functional. It lets you practice and sharpen your skills until you are fully ready.
How Can I Access IQ Option Trading Account?
IQ Option gives its traders two ways to trade financial instruments. These include whether by trading through an official app or official website. Open the website or app, register yourself, and you are good to go!
What Financial Instruments are Traded on IQ Option?
IQ Option deals in the following assets: 1.Options: Options’ trading involves speculation of prices of over 10 million financial assets. 2. Forex: Forex involves trading of over 188 different currencies. 3. Crypto Currencies: It involves trading of over 12 different crypto currencies. 4. CFDs: Contract for Difference, CFD, involves the speculation on stocks.Indices: It involves trading of indices through binary option. 5.ETFs: Relatively new in the market, ETF trading involves tracking and trading of over 4288 different ETFs.
IQ Option Withdrawal – Best Way To Do Withdraw Money In IQ Option
IQ Option is one of the best Binary Options Brokers currently present in the market with best customer support. If you have done a deposit of money in IQ Option then you will be required to do withdraw money from your IQ Option account. So today we will talk on IQ Option Withdrawal and learn what are different ways to do IQ Option Withdrawal and also see the different question that arises while doing IQ Option Withdrawal.
- IQ Option withdrawal options available
- How to do IQ Option withdrawal?
- When do IQ Option withdrawal?
After getting the answer of all this question you will able to get most of your doubts on IQ Option withdrawal.
IQ Option Withdrawal Option Available
IQ Option gives you 3 different ways to do withdrawal process as per your convenience. They are as following
- Bank Transfer
- Credit/Debit Card Withdrawal
- E- Wallet Withdrawal
1) Bank Transfer:-
We do not prefer you to do IQ Option withdrawal with Bank Transfer because they have many problems with it. They are.
- First but not the last the time taken by doing Bank Transfer it take almost 45days to reflect the balance in your bank account which is a too much long period of the withdrawal process.
- Second is the fee which is taken from you if you do a Bank Transfer. They take $53 as a commission of doing a Bank Transfer. So most of the Traders avoid using this option as it cost more in his pocket. There are other options available then not to use it rather than spending $53 as commission.
Beside this disadvantages still, some people prefer this option to do IQ Option withdrawal because of some reasons. They are as following
- Some country has strict Money Laundering laws and If you have done deposit with Bank transfer then you will be forced to Bank transfer during the withdrawal process.
- After you have done deposit with bank cards then you can withdraw only that much of amount which you have done during deposit. For example, if you have deposited $100 and won $500 then you can only withdraw $100 in your bank card other amount you have to withdraw with other available option.
2) Credit/Debit Card withdrawal
Credit/Debit card withdrawal option is always the first choice of any trader who does IQ Option withdrawal. This is because it is very fast and money directly comes to your bank account without any kind of hidden fees. It generally takes 3-5 days to reflect withdrawal amount in your bank account.
There is also cons of this withdrawal method as you can withdraw that much amount only how much amount you have deposited with your bank card.
3) E- Wallet Withdrawal
E-Wallet is also popular among IQ Option traders as it is quick among all other option available in IQ Option. According to IQ Option money will be transferred to your account in 3 days but actually, it only takes 1 Day to transfer to your e-wallet. So it is very quick and most easy way to do IQ Option withdrawal. There is also no any kind of fees attached to it. IQ Option supports Neteller, Skrill, and WebMoney to do the withdrawal.
We do not prefer you to use Skrill as withdrawal option due to it worst service is given to their customers. This is because they are doing scam with people by taking extra fees then mentioned during bank transfer. So we recommend you to use Neteller as your e-wallet to make IQ Option deposit.
IQ Option Withdrawal In India/Other Country (Credit/Debit Card Blocked)
Many of our users have faced problem while deposit money in IQ Option with their Credit/Debit cards. Here is the solution to deposit Money in IQ Option in India. You need to follow this steps to deposit money in your IQ Option account.
- Make an account in Payza .
- Make an account in Magnetic Exchange .
- Make an account in Neteller .
- Verify all above accounts.
- Then go Magnetic Exchange and select Neteller USD to Payza USD.
- Then you will be required to enter your Payza account details and Neteller accounts details with the amount you want to transfer to your Payza account.
- You can see I have already an account and I have also exchanged my $1669 with this service. So don’t worry it is 100% legitimate service. It will take some fees as a charge but this trick works. It take just 1 minute to transfer your money to PayZa account and it is 100% secure, You can see that I have already withdrawn $1669 from this service.
How To Do IQ Option Withdrawal?
IQ Option withdrawal process very simple and easy. There are only 3 steps you need to follow they are:
- Login to you IQ Option account.
- Open withdrawal page of IQ Option by clicking on your account setting tab.
- Choose your desire IQ Option withdrawal method to withdraw money. Then just enter amount how much you want to withdraw money from you IQ Option account.
Then it takes time as per your IQ Option withdrawal method you have chosen to withdraw money from your IQ Option account. It takes 24 hours for E-Wallet, 3-5 Days for Credit/Debit card and 10 days for Bank transfer.
When To Do IQ Option Withdrawal?
This question will be not so much important for those traders which are new to IQ Option. But it really matters for those who are for quite a long period of time with IQ Option. This is because new traders often withdraw their money as they have made a profit. But you should not do this due to this reasons:
- Trading for fun then you can withdraw your money quickly. But the question must arise if you want to do trade for just fun then why you have opened a real account you do trade in demo account risk-free.
- For those who want financial independence and want to make enough money from IQ Option. They should wait till enough money is gathered in your account.
New traders must always ask a question in their mind whether they want it long term or it is only for short term. If it is for short term then you can withdraw quickly if it is for the long term then you need to wait.
All in one IQ Option is a great Binary Options Broker and pay money to their traders in time without fail. IQ Option withdrawal is easy,fast and safe. IQ Option offers Bank Transfer, Credit/Debit card, and E-Wallet service.
You should do IQ Option withdrawal only when you need it. It will save your money and time if you do it weekly or monthly. Professional traders always schedule their withdrawal process which saves their money from extra commission and fees. So IQ Option is best Binary Options Broker and pays in time to their traders.
Perfect For Beginners!
Free Trading Education!
Free Demo Account!
Good Choice For Experienced Traders!