Do you want a binary options broker that offers accessible banking procedure? Then the IQ Option banking options might be exactly what you need.
General risk warning
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose.
The IQ Option banking options
Banking is a crucial but often overlooked aspect of binary options trading. In the quest for ever higher payouts and new binary options types, many binary options traders forget to thoroughly check broker’s basics such as banking policy.
Without an option to transfer money to and from your broker quickly, and smoothly, all the other features of a broker are useless. To help you find a broker that offers trustworthy banking, we have tested the IQ Option banking process thoroughly.
IQ Option banking offers three general payment options:
1: Credit Card: You can receive and send money from and to IQ Option trading account. For most brokers, credit cards are the natural choice to make an online payment. IQ Option supports this choice by making credit card banking accessible and quick. Deposits via credit card will be booked into your account immediately, withdrawals are executed within a day. Here are the available credit cards:
- Visa Electron
2: Wire transfer: For those of us who do not own a credit card, wire transfer might be the best alternative as a payment method that can be used with IQ Option. Wire transfer is the only banking method that does not require you to have an account with a third party provider. Wire transfer is, however, the slowest banking option, with deposit and withdrawals taking up to 10 business days, depending on your bank, even though IQ option processes withdrawal in one working day. Also, there might be a fee from your bank provider so you have to check this information before your proceed.
3: Online payment providers (E-Wallets): Online payment providers allow you to conveniently store all your financial information conveniently in one place and make payments with the click of a mouse button. Online payment providers share much of the same advantages as credit cards, being free, accessible, and quick. Here are some of the available E-Wallets you can use while transferring the money with IQ Option:
To keep your banking more secure, IQ Option encodes all communication with their clients through SSL standard certificates. The SSL security is one of the most popular encoding methods the web has to offer and the same tool all the big banks use to encode their online banking.
Additionally, IQ Option employs a verification account process that tries to make sure that nobody but you can withdraw money from your account. This verification process is a must for every trader that registers with IQ Option. Traders that decides to trade with this broker has to provide their valid ID document, proof of residency and if it is a credit card withdrawal, a picture of the credit card.
Combining these features, IQ Option offers a solid banking process.
*The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.