You may already be aware that Local Bank Transfers are now available as an additional payment method on IQ Option. We would like to take a moment to give you more information on how to deposit and withdraw through your preferred local bank.
How to deposit
Go to the IQ Option website and click on ‘Deposit’ on the right side of your screen.
Choose the amount you would like to deposit and your preferred local bank. For your convenience, here is the full list of banks available for payment in your country:
Finally, click on ‘Go to payment’.
You will be redirected to the payment gateway of your chosen bank. Please input the necessary credentials and click ‘Login’.
Input the OTP code received on your phone and please choose a bank account for the transaction, if necessary.
After the OTP code is verified by the system, you will receive a message confirming your deposit has been successfully processed.
How to withdraw
Please choose your local bank. Then input the amount to be withdrawn as well as your banking account credentials.
Click on the ‘Withdraw Funds’ button.
Success! Your withdrawal request has been submitted.
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.
GENERAL RISK WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
How long do these deposits and withdrawals take/
Hello!
Thanks for asking!
Deposits are instant.
All withdraws imported before 11:00 a.m. (South African time) on Monday, Wednesday and Friday will be paid on the same day. After the cut off time, it will only be paid on the next day Payout day.
Can u advise when will my money reflect as I made withdrawal today sunday to capitec account
Hi, Lerato!
Sure, with pleasure!
All withdraws imported before 11:00 (South African time) on Monday, Wednesday and Friday will be paid on the same day. After the cut off time, it will only be paid on the next day Payout day.
So, you should receive your funds today.
Evening admin, I need to report scammers that are using your platform to scam people please provide me with hotline contact details.
Thanks in advance
MC Dladla
Hello dear Melusi!
Could you please tell us more about this case?
Please send details to support@iqoption.com for more detailed reply.
Our specialists will forward it to legal department.
Thank you!
Yes it will
Hi lerato did you get your funds on your capitec account? If yes how long did it take you to receive them ? Im also using capitec and i withdrew on tuesday but no money has arrived
Did you get your funds Brian?
Hi Brian, just wanted to find out if you received your funds or the problem still persist?
Hi Lerato, did you end up receiving your funds?
I cant seem to be able to find what you talking about here… No local banks whatsoever
Hello there!
How are you doing?
Some of the deposit options are temporarily unavailable probably that is why you can not seem to find them, however, many options are still there. You can contact our support team at support@iqoption.com and they will be glad to inform you about available payment options 🙂
My deposit has not yet reflected in my account….. I did the diposit on the 2nd of May
Hello Paballo, how are you doing? We are so sorry that you had to face such inconvenience.
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.
We also want the service to be available to all banks listed which also operate within the southern region this is a good move from iq option.I’m from Namibia and we have nedbank and fnb
Hello Simon, for the moment you can use the following banks:
ABSA, Capitec, FNB, Investec, Nedbank, Standart
In case you have other questions, please let us know!
IQ Option Team
Am using a Standard bank student achiever account, but most of the time I can’t deposit funds what can be the problem
Hi, Luvuyo!
There could be different reasons. For example, your bank card doesn’t support international transactions/ bank blocks operations with trading platforms/ insufficient funds, etc.
Kindly contact support from your account on our platform. Our specialists will check everything carefully and will gladly help you 😉
Thank you in advance!
GOod day, I use the same card, but for you to be able to use it for this- you have to go to the bank and ask them to create an additional Cheque account in the same card that you have, they’ll give you a second card and youll be able to use that one for all payment
Hope this helps,
Regards,
P
students cards definitely do not allow int purchses and transfers
Hello Azzy! How are you doing? That is right, we do not accept student cards at all. We only accept national ID, passport or driving license. Let us know in case of more questions 🙂 Wishing you a good day!
How long is take to be in my real account when I deposit with capitac
Hello Molefe!
Capitec deposit are instant. So it will appear on your account as soon as you deposit.
Let us know if you have other questions!
Good luck 😉
Iam usining Capitec . I cant deposit money ony real account, when i contact the bank, they say their bank doesn’t support Trading Platforms likeIq option.
Which bank should i open?
Hello Lorraine!
Please contact our support team via support@iqoption.com
Our specialist will check the exact reason of why deposit failed and will advice on the further procedure.
Thank you very much!
IQ Option Team
Get fnb R5 easy account to start off (nearest fnb branch)
No local banks, from South africa
Hello Molefe!
How are you doing?
Some of the deposit options are temporarily unavailable probably that is why you can not seem to find them, however, many options are still there. You can contact our support team at support@iqoption.com and they will be glad to inform you about available payment options 🙂
You can withdraw using affiliate profit?
Hi!
Could you specify your question, please?
If you have any questions about the affiliate program you can write to affiliate@iqoption.com
Hi. I was using Nedbank and FNB account for a deposit. Now I wanna use capitec bank on the IQ option account. My question is: are you not going to close my account because of that?
Hi!
Of course, we don’t close accounts for using different payment systems! Don’t worry, please!
hi. im no longer getting the option to choose which bank im using. and i want to make a deposit ASAP
Hello Calvin, how are you doing? We are so sorry that you had to face such inconvenience.
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.
I deposited via capitec bank 4 days ago and my funds are still not reflecting.
Hello! Deposits via wire transfer should be instant.
Please contact us via support@iqoption.com to get more information on this case.
My colleagues will check your account and will be able to solve the issue faster.
Thank you!
Good day
Please advise
What if I deposit 10$ for trading and make more than what I have deposited.
Will that affect my withdraws.
Good question, can we withdraw more money than we deposited using the VISA option? If not what are the other options?
Hi, Nick!
If you deposit with the card, you should withdraw the amount of your deposit back to card and profit should be withdrawn with e-wallets listed on the deposit page. If you deposit with the e-wallet, you should withdraw using the same e-wallet account.
We work with Skrill, Neteller, Webmoney.
Please, contact support to get more info https://iqoption.com/en/contacts
am in kenya………how do I trade?
Hi, Wesamba!
Thank you for choosing IQ Option!
You are welcome to trade with us!
With us, you are able to discover thousands of trading and investment opportunities: Stocks, Indices, Forex, Options, Crypto, Commodities, ETFs.
You may register on https://iqoption.com or download our desktop/ mobile app for Android or iOS and fill in all the required fields correctly. After registration, the trade room is going to be available for you.
Trading involves deciding whether the price of the underlying asset is going to increase or decrease. If your prediction is correct, you get profit.
If you are using IQ Option platform for the first time and if you don’t have much experience, you can start with our video tutorials. https://iqoption.com/en/tutorials
You can train on your practice balance, and then continue trading with real funds. Please, check this section on our blog:
https://blog.iqoption.com/en/tag/indicators/
You are welcome to contact us 24/7 via
– email to support@iqoption.com
– hotline to get an instant assistance https://iqoption.com/en/contacts
Do we have people who have received funds from iq to capitec? If yes How long did it take
Hello, Brian!
All withdraws imported before 11:00 (South African time) on Monday, Wednesday and Friday will be paid on the same day. After the cut off time, it will only be paid on the next day Payout day.
But i haven’t received mine and my withdrawal was on tuesday… it says funds sent but nothing in my bank acc
Hi!
Don’t worry! We have already sent your funds. Please contact our support from your account and you will get the details of your withdrawal.
I used to, that system is unfortunately down at the moment, but it’s the best ever. It take 2-3 working days.
Hello Brian! How are you doing? We are really sorry that you had to face some inconvenience.
Can you please specify what error are you facing at the moment?
I want to know if iq option supports the standard bank ”Shyft” app method of payment, to do deposits and withdrawals? It is new and i think it is also a e-wallet.
Hello Wilmot!
We support standard wire transfer for deposits.
Meaning that you will need to enter your account number and personal information and than confirm this payment in your bank 🙂
Hope it’s more clear right now!
IQ Option
How long does the deposit take with south Africa’s local banks?
Hello there Christiaan! How are you doing? Please note that the deposits are instant. If you are facing some issues with deposit, please contact our support team at support@iqoption.com and they will be glad to assist you there.
Hello….ive made withdrawal yesterday but till today i have’nt recieve anything how long does it take to recieve through Luno wallets.
Hello Thembelihle!
I am sorry to inform you but we do not offer Luno Wallet withdrawal method.
Please tell me, were you contacted by someone that suggested you this withdrawal method?
Waiting for reply from your side!
IQ Option Team
Im from Mozambique. near South Africa. I have account on Standard Bank. I would like know how I can withdraw my money from Iq Option to my bank account.
Hello Nuro! How are you doing?
It depends on how you deposited the money.
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.
hey
am in Lesotho using fnb Lesotho,i made withdrawal and got email that profits are in my bank account but there is nothing in the bank account,after how long will I get the profits in my bank account
Hello Prado!
Unfortunately we do not have access to your account from here.
Please contact us via support@iqoption.com
Our specialists will carefully investigate your case and reply you as soon as possible.
Thank you for your cooperation!
IQ Option Team
Good day,
I have been super confused lately about how withdrawals are meant to work
I’m adverts and other searches, it indicates that one can withdraw cash to “bank account or electronic wallet”
Then in one of the articles,- it was stated that one can only withdraw the amount that is equal to the sum the deposited initially and all the profits should be withdrawn via ewallet,
So my question is: Can I withdraw any my profits (sum greater than what I have deposited) directed to my bank account?
I am in South Africa by the way
Regards,
P
Hello sir!
Yes, you can withdraw to bank account, if you are in South Africa.
Actually, you have several options: e-wallet or bank account for profit withdrawal.
So you can use the one that you prefer 🙂
Thank you!
Hey support, how best can i withdrawn funds i have signed up for all e-wallets but all seems to a limitation Skrill/Neteller doesn’t support any withdrawal payments in my country(Botswana). I am now left with Webmoney-WMZ they’re having issues with payments to VISA and now I’ve to use exchanger which is cost me more money just to make a simple pay-out. I am trader based in Botswana, please advise on the matter.
Hello Mayson!
Please tell me, what issues exactly did you have with Visa and Webmoney?
As per our information this system supports Visa cards.
Waiting for your reply 🙂
Thank you!
Hey Alina!
All i got from support was that for reasons beyond their control they are forced to temporarily suspend the withdrawal of funds to VISA USD cards. So how can we do withdrawals if non e-wallets support VISA within Botswana.
Regards,
Hello there!
How are you doing? I am really sorry for the inconvenience, however, we can not check the details of your account here. Support will tell you a way out of this so please contact them and they will be glad to help you 🙂
Hi alin i just want to confirm can you withdraw your profits from skrill to fnb south Africa related to the profits withdrawn on your platforms because been taking notes lots of complaints regarding withdrawals from skrill to fnb so would it be possible to withdraw direct with my fnb the profits made from iq options instead of my deposit after done because like IQ options say they pay it as a refund so would the profits be paid also if i would withdraw through eft because i kinda don’t trust this wallet stuff just wanna be clear with the info.
Hello there Light! I am really sorry that you had to face this issue, can you please write to our support at support@iqoption.com and they will be glad to assist you with it 🙂
Wishing you a good day!
Hey Alina!
I managed to find an exchange that supports my country location. But this e-wallets are a pain in the a** more especially as they don’t really support direct VISA transfers to Africa countries. I’ve only seen Kanye via skrill/neteller to Mpesa but it’s limited to $50 a day.
Hello Mayson! How are you doing? Can you please tell us if you contacted the support of the ewallet to increase your limit?
Hello.. Guys Im so disappointed on IQ Option team.. I withdrew money yesterday on Thursday.. And they told me that it takes 24 hours for it to reflect but even now my withdrawal is on process.. It’s more than 24 hours.. I don’t why when we give them money it’s instant but when they suppose to pay it takes days… I need another Binary Platform not IQ Option
Hello there! How are you doing Siphesihle? I am really sorry that you are disappointed Sir, however, from our end it is process within 24 working hours however, in total it may take some time (to ewallet up to 3 working days and to bank cards up to 9 working days – because of the third party which is the payment aggregator in this case).
We thank you for your patience.
Hi! I am in South Africa and I use Nedbank . How long will the money take to reflect on my bank account if I make a withdrawal???
Hello there! How are you doing? Withdrawals to bank card may take up to 9 working days. If you do a bank transfer then it may take up to 3 working days 🙂
Hi, I hope you are well. How is it that most people go through the same issue with withdrawals and no solution is implemented to avoid this going forward. The deposit process is super fast, can’t the same be done with withdrawal in order to avoid having unhappy clients?
Hello again Bafana! How are you doing? Thank you for your concern, however, from our end the withdrawals are processed within 24 hours. That is because we need to check if everything is fine (secured) and that someone is not withdrawing incorrectly to a different account. However, in total it may take some time because of the payment aggregator. However, we are working on that and will definitely try to reduce the time.
Hello ive been trying to deposit money to my iq option account with my standard bank student account and it says payment was declined …so can you please tell the real reason for that…its been couple of months and i want to trade with my real account
Hello Dear, how are you doing? We are so sorry that you had to face such inconvenience.
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.
Student Cards dont work, open R5 Easy account with FNB
What happened to the local bank transfer option? It doesn’t show on the platform anymore. I’ve been trying to deposit for the ast 4 days. That payment method is really convenient for me, I don’t want to use e-wallet (skrill etc) please look into this issue.
I have been having this same problem.
Hello Shaun! Thank you very much for your comment!
Unfortunately this option is not available now, but we are working to get this options back.
Could you please tell us why exactly you dont want to use Skrill?
We will be happy to provide you with more details!
How long will iqoption south Africa withdrawal take to show on my bank account.
Hello Beeand,
Unfortunately wire transfer deposit method is currently off.
You can deposit using MasterCard/Visa bank cards or e-wallets available on the platform.
We are working to get it back as soon as possible.
Thank you!
Hi im from South africa, What happened to the local bank transfer option? It doesn’t show on the platform anymore i need to make a deposit. i cant use any of the other e-wallets because they are not supported by the banks
Hello sir!
Wire transfers are currently off due to technical reasons, but we are working to get it back as soon as possible.
You can currently deposit and withdraw using bank card or e-wallets available on the platform.
Thank you for your understanding!
Well this sucks, So we can’t deposit in RSA unless we have a credit card! That sucks!
Hello Fumani! Hope you are having a nice day!
We wanted to thank you for your lovely feedback.
You can also deposit through ewallets if you want 🙂
Deposit is not only limited to local banks.
i went to capitec today and they said they not aware of any limitations on my account. i tried to deposit but does not want to go through. what would my best option be to deposit in iq options to get started. and is skrill or neteller better for quick withdrawal… if anyone knows about that in south africa. TIA
Hello Lee, how are you doing? We are so sorry that you had to face such inconvenience.
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.
I can’t seem to find capitec on depositing options, help plz
Hello Kenzo! How are you doing?
Some of the options were temporarily removed. However, you can use the ones available. We are sorry for any inconvenience.
Wishing you a good day!
Hi there.
I need abit of clarification on the withdrawal amounts that are permitted please.
I am from South Africa and am considering binary trading on the IQ Option platform, my only concern is the withdrawal amounts ( the deposit and withdrawal process seems to be easy enough). I have read on previous posts that the withdrawal amount CANNOT exceed the inital deposit amount , so for example if I use ABSA to transfer R4000 which is roughly $250 and start my live account which after 2 weeks of luck and positive trading now has a balance of $600. I would not be able to withdraw the entire $600 but have to make 2 withdrawals …. 1 for the amount of $250 back to my ABSA bank account and the remaining $350 to an e wallet provider like Skrill who charge additional service fees. Is this correct or is the no limit on the withdrawal amount back to the bank that we used to make the deposit from in the first place?
Thanking you in advance for your help.
Thanks for the reply IQ Options…great customer service.
Hello Vineshen! You are always welcome 🙂
We wish you all the best!
hello, please advise. is IQ option banking with nedbank in south Africa? are payments to south Africans processed from that account? if yes, does this mean for convenience sake, one should bank with nedbank?
Hello Nini! You can use any bank card (if it is Visa or MasterCard). Also you can make a deposit via bank transfer.
You can see available banks here: http://www.iqoption.com/en/counting
Thank you!