IQ Option Withdrawal

iq option withdrawal

Withdrawals are one of the topics that most binary options traders neglect and they shouldn’t. As a result, they pay a high price. In this guide, we will explain how you can use IQ Option smoothly and secure withdrawal options to make the most of your withdrawals. In detail, learn how to make an IQ Option withdrawal:

  • How can you withdraw money from IQ Option?
  • How to make an IQ Option withdrawal
  • Why do withdrawals matter?
  • When to make an IQ Option withdrawal

With the answers to these questions, you will be able to make the most of your withdrawals with IQ Option.

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.

How Can You Withdraw Money from IQ Option?

To make an IQ Option withdrawal, you have two basic options:

  1. Credit card / debit card withdrawal
  2. Wire transfer

Since both withdrawal options are fundamentally different, let us take a closer look at each option.

All IQ Option withdrawals will be processed within 3 business days. Depending on your withdrawal method, you have to add the methods withdrawal time to calculate your overall withdrawal time.

Credit card / debit card withdrawal

Credit card or debit card withdrawals are the most popular withdrawal method. They are free, quick, and easy, and they are the natural payment method for many traders who use credit cards to pay and receive money every day.

Deposits via credit card will take 3 days to process by IQ Option and two days to process by your credit card provider. Overall, a processing time of 5 business days is the quickest you can get with binary options.

Wire transfer withdrawals

To make an IQ Option withdrawal, you have three basic options:

  1. Credit card / debit card withdrawal
  2. Wire transfer
  3. E-wallets – Skrill, Neteller, WebMoney, Boleto, QIWI, FasaPay, iDeal and CashU

Since both withdrawal options are fundamentally different, let us take a closer look at each option.

All IQ Option withdrawals will be processed within 1 business days. Depending on your withdrawal method, you have to add the methods withdrawal time to calculate your overall withdrawal time.

Credit card / debit card withdrawal

Credit card or debit card withdrawals are the most popular withdrawal method. They are free, quick, and smooth, and they are the natural payment method for many traders who use credit cards to pay and receive money every day.

Available debit and credit card methods are: Visa Visa Electron, Maestro and Mastercard. Traders first need to submit a withdrawal request which should be processed within 24 hours and soon appear on traders’ account.

Wire transfer withdrawals

Compared to credit card withdrawals, wire transfer withdrawals have a number of disadvantages that make them the less perfect withdrawal method:

  • Wire transfer withdrawals take longer than credit card withdrawals. While wire transfers will also be processed within 24 hours by IQ Option, they take much longer to reach your bank account than withdrawals by credit card. This mostly depends on a bank in which trader holds an account.
  • Wire transfers might draw a fee from your bank: Depending on where you live and the practices of your bank, you might have to pay a few for wire transfer withdrawals from IQ Option. While most traders should be able to avoid such fees, it is a point to consider nonetheless. With credit card withdrawals, there are no fees at all.

With this lopsided list of features, you might ask yourself why some people use wire transfer withdrawals at all. The answer to this lies in an anti-money-laundering law: You are only allowed to withdraw as much money with a credit card as you deposited with it. Since some people deposit money by wire transfer, they have not deposited any money via credit card and have to use wire transfer for all of their withdrawals.

Similarly, traders who have been trading for a while have used up their credit card budget. At some point, you will have withdrawn just as money as you deposited. From now on, you are withdrawing your earnings and have to use wire transfer.

How to make an IQ Option Withdrawal?

IQ Option withdrawals are smooth. To withdraw money from your IQ Option account follow this simple three-step process:

  1. Log in to your account. Follow one of our links to the IQ Option website, and log in to your account.
  2. Open the withdrawals page. Once you are logged in, go to the banking section of your account and open the withdrawals page.
  3. Enter your withdrawal settings and submit the form. In the withdrawal section, choose the withdrawal method you want to use and follow the further instructions. Enter the amount you want to withdraw and account into which you want to withdraw the money. Then submit the form and your money is on its way.

When it comes to withdrawals, the good binary options brokers separate themselves from the bad ones. Since withdrawals are the last thing on the mind of a trader, some brokers apply insane fees or make your life difficult in some other way. Luckily, the IQ Option withdrawal process proofs itself to be one of the best in the business.

There are no fees on IQ Option withdrawals (except on wire transfers) as well as traders are able to get as many withdrawals they want, no limits. Some withdrawals will take a little longer to execute, but you can generally expect to get your money quicker than with most other brokers.

Why Do Binary Options  Withdrawals Matter?

Many traders pay little attention to a broker’s withdrawal policy. They are so focused on high payouts and other more exciting features of a broker that they completely ignore the question how they can get their money back once they entrusted a broker with it.

This neglect is a mistake. Withdrawals might seem like an insignificant factor to your success, but in the long run, they can have a major impact. Just consider this example: many brokers apply a fee on their wire transfer withdrawals, usually around $30 to $50 for every withdrawal.

Think about your long-term goal. What do you want to achieve with your trading? Financial independence, right? This means that, eventually, you want to live from your trading. To achieve this goal, you have to withdraw money regularly, most likely every month, just like you would get with a regular income.

Similarly, having quick withdrawals will make your life a lot simplier. With IQ Option, you will have the money as quickly as possible, but with many other brokers, you would have to wait for days and weeks before you can finally drive again. Once again, IQ Option offers a better service for less money.

Lowest IQ Option withdrawal is set to $2, whereas traders are able to contact their support agents if they want to withdraw less than $2. According to provided information on their site, maximum withdrawal is $1 000 000, while a number of withdrawals are unlimited.

When to Make an IQ Option Withdrawal?

As we alluded to earlier, you should plan your withdrawals with IQ Option in advance. While there are no fees on withdrawals for credit cards and E-Wallets, there are other important points to consider. Let’s look at these points one by one.

Traders should think twice before they withdraw money

Once registered traders make their first earnings, they are often quick to withdraw the money. Before you do that, you should get clear on why you trade binary options.

  • If you only trade to have some fun, go ahead and withdraw your money. In this case, you should ask yourself why you invest real money at all. You could have the same fun completely risk-free with the IQ Option demo.
  • If you trade to find your way to financial independence, you should wait before you withdraw your first earnings.

Traders should think twice before they withdraw money from IQ Option, and if their goal is long-term success, they should minimize their withdrawals as much as possible.

Experienced traders should set up a withdrawal schedule

Experienced traders have cleared the first stage that other registered traders still have to overcome: they have grown their account balance and know that they can benefit from binary trading if they make right trading moves. For these traders, the question becomes how much they can afford to withdraw without endangering their long-term goals. To answer these questions effectively, we recommend setting up a withdrawal schedule.

The idea behind an IQ Option withdrawal schedule is simple. Once you have traded for a while, you will know the average monthly earning you can expect from your trading style. Let’s say that you earn 2% every month, which is a realistic assumption. Over the time of a year, a monthly earning of 2% will amount to an annual earning of 27%, which is a great result for any financial investment.

The issue with this result is that when you withdraw the seemingly small amount of 2% every month from your account, you will end up exactly where you started. To prevent such a stand-still, you can define a monthly withdrawal amount of about 1% of your account balance. In this case, you will still make an average earnings of 1% a month, which will amount to an annual gain of 12.6%, and you can still get a monthly payment to pay your bills.

With a monthly withdrawal schedule, you get the best of both worlds. You grow your capital, and you get some money every month. As your account balance increases, you can increase your monthly withdrawal, too. Because of this process, you can soon make more money with your monthly withdrawal schedule than if you would withdraw your earnings completely.

IQ Option Withdrawal Conclusion

IQ Option withdrawals are smooth and quick. You can use credit cards, e wallet providers and wire transfer to withdraw money, which allows you the complete freedom of withdrawing money in the way you want.

The great advantages of IQ Option withdrawals are that they are no fees in terms of credit cards and ewallets, and that you will get your money quicker as with most other brokers. However, via bank wire, there is a fee which will be charged according to info on their site. Where other brokers take two days to process your withdrawal and charge you $30 to $50 for it, IQ Option does the same job quicker within 24 hours and for free.

Such policies matter. All in all, IQ Option seems as the right choice for traders who want to make the most of their withdrawals.

*Risk Disclaimer: 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.

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