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This is an updated version of the article that has been posted on this blog a while ago. Read this article to learn more about the ways to withdraw funds from the IQ Option platform.

Withdrawals on IQ Option require a fully verified account, more than $2 on the balance and a bank card, bank account or an e-wallet to withdraw to.

The general algorithm for fund withdrawal is identical regardless of the payment system. In order to withdraw your money, do the following:

1) Go to iqoption.com,

2) Sign in,

3) Click on the user picture 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.

Payment Systems

Bank Card

Visa/Master CardIt is one of the most popular methods out there. It does, however, come with two limitations. First, the trader has to use the same card that he or she previously utilized to credit his or her account. Second, due to technical peculiarities, the amount of money withdrawn to the card cannot exceed the total deposit made during the last 90 days.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 send the residual of $200 using another payment of your choice.

Visa and MasterCard cards are accepted. China UnionPay cards can only be used by clients from China (including Hong Kong). IQ Option can also boast the 1st (highest) Payment Card Industry Data Security Standard merchant level.

Neteller

NetellerNeteller is available worldwide but is not available in certain countries including but not limited to Afghanistan, Chad, Congo (Republic), Cuba, Iran, Iraq, Kazakhstan, Kyrgyzstan, Myanmar, Turkmenistan, Uzbekistan, Yemen. 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. 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 an ID and a bank statement issued not later than three months ago. Please note that additional documents may also be requested.

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

SkrillSkrill does not operate in certain countries that include but are not limited to Afghanistan, Angola, Cuba, Djibouti, Eritrea, Iran, Iraq, Japan, Kyrgyzstan, Syria, Tajikistan.

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.

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

WebMoneyWebMoney does not provide its service in the following states and territories: American Samoa, Afghanistan, Vanuatu, Ethiopia, Guyana, Guam, Iran, Iraq, Crimea, Laos, Libya, Mali, Mauritania, Pakistan, North Korea, Northern Mariana Islands, Serbia, Somalia, Sudan, Tunisia, Trinidad and Tobago, South Sudan , Syria, Yemen, Uganda, Sri Lanka and the United States.

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), WMV (Vietnamese Dong), WMH (BitcoinCash), WML (Litecoin).

Users can get the WebMoney Card to make the deposit and money transfer process easier.

PayPal 

PayPal

PayPal is another option that is available both for deposits and withdrawals. To use this option, find it in the list of available withdrawal methods.

Note that while deposits on IQ Option are not charged with any commission, only one withdrawal per month is free. There is a withdrawal fee that is applied to subsequent withdrawals within the month. The fee is 2% of the withdrawal amount, but it cannot exceed $25.

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