How to Withdraw Money from IQ Option

Jan 05, 2024

How to withdraw money from IQ Option?

Your withdrawal method will depend on the deposit method.

If you use an e-wallet to deposit, you will only be able to withdraw to the same e-wallet account. In order to withdraw funds, make a withdrawal request on the withdrawal page. Withdrawal requests are processed by IQ Option within 3 business days. If you withdraw to a bank card, a payment system and your bank require additional time to process this transaction.

You can do that by following these steps:

1. Visit the website IQ Option or mobile app.

2. Log in account with an email or social account.

3. Select the “Withdraw Funds” button.

If you are on the IQ Option home page, select "Withdraw Funds" on the right-hand side panel.

If you are in the trade room, click on the Profile icon and select "Withdraw Funds".

4. You will be redirected to the Withdrawal page. Select a withdrawal method such as Skrill, enter the email and specify the amount you would like to withdraw (the minimum withdrawal amount is $2).

5. Your withdrawal request and withdrawal statuses are displayed on the withdrawal page.

How to withdraw money from the trading account to a bank card?

To withdraw your funds, go to the Withdraw Funds section. Choose a withdrawal method, specify the amount and other necessary details, and click the “Withdraw Funds” button. We do our best to process all withdrawal requests within 3 business days. Please note that it may take a little longer to process interbank (bank-to-bank) payments.

The number of withdrawal requests is unlimited. The withdrawal amount should not exceed the current trading balance amount.

*Withdrawal of funds returns the money that was paid in the previous transaction. Thus, the amount that you can withdraw to a bank card is limited to the amount that you have deposited with that card.

Appendix 1 shows a flowchart of the withdrawal process.

The following parties are involved in the withdrawal process:

1) IQ Option.

2) Acquiring bank – IQ Option’s partner bank.

3) International payment system (IPS) – Visa International or MasterCard.

4) Issuing bank – the bank that opened your bank account and issued your card.

Please note that you can withdraw to the bank card only the amount of your initial deposit made with this bank card. This means that you can return your funds to this bank card. This process may take a little longer than expected, depending on your bank. IQ Option immediately transfers the money to your bank. But it may take up to 21 days (3 weeks) to transfer money from the bank to your bank account.

If you do not receive the money on the 21st day, we kindly ask you to prepare a bank statement (with logo, signature and stamp if it is a printed version; electronic versions must be printed, signed and stamped by the bank) covering the period from the date of the deposit (of these funds) to the current date and send it at [email protected] from the email linked to your account or to our support officer via live chat. It would be amazing if you could also provide us with an email of the bank representative (the person who provided you with the bank statement). We would then ask you to inform us as soon as you send it. You can contact us via live chat or by email ([email protected]). Please note that your bank statement must contain information about your bank card (the first 6 and 4 last digits of its number).

We will do our best to contact your bank and help them find the transaction. Your bank statement will be sent to the payment aggregator, and the investigation may take up to 180 business days.

If you withdraw an amount you deposited on the same day, these two transactions (deposit and withdrawal) will not be reflected on the bank statement. In this case, please contact your bank for clarification.

Frequently Asked Questions (FAQ)

How long does it take for the withdrawal I made by bank transfer to arrive in my bank account?

The standard maximum time limit for bank transfers is 1-8 business days, and it can take less. However, just as some boletos are processed in less time, others may need all the time of the term.

Why did you change the minimum amount for bank transfer withdrawals to 150.00BRL?

This is a new minimum withdrawal amount for bank transfers only. If you choose another method, the minimum amount is still 12 BRL. This change was necessary due to the high number of withdrawals processed by this method at low values. In order to respect the processing time, we need to decrease the number of withdrawals made per day, without affecting the quality of the same.

I am trying to withdraw less than 150.00BRL by bank transfer and I get a message to contact support. Please arrange it for me.

If you want to withdraw an amount below 150 BRL, you only need to select another withdrawal method, for example, an electronic wallet.

What are the minimum and maximum withdrawal amounts?

The minimum withdrawal amount is $2.00 and the maximum withdrawal amount depends on the payment method you choose to use.

Do I need to provide any documents to make a withdrawal?

Yes. You need to verify your identity in order to withdraw funds. Account verification is necessary in order to prevent fraudulent financial transactions on the account.

To pass the verification process, you will be kindly asked to upload your documents on the platform using the links given below:

1) A photo of your ID (passport, driver’s license, national ID card, residence permit, refugee identity certificate, refugee travel passport, voter ID).

2) If you used a bank card for depositing money, please upload a copy of both sides of your card (or cards if you used more than one to deposit) here. Please remember that you should hide your CVV number and keep visible the first 6 and the last 4 digits of your card number only. Please make sure that your card is signed.

If you use an e-wallet to deposit funds, you need to send us a scan of your ID only.

All the documents will be verified within 3 business days after you make a withdrawal request.

Withdrawal status. When will my withdrawal be completed?

1) After a withdrawal request is made, it receives the “Requested” status. At this stage, funds are deducted from your account balance.

2) Once we begin processing the request, it receives the “In process” status.

3) Funds will be transferred to your card or e-wallet after the request receives the “Funds sent” status. This means that the withdrawal has been completed on our side, and your funds are no longer in our system.

You may see the status of your withdrawal request at any time in your Transactions History.

The time it takes to receive a payment depends on the bank, payment system and/or e-wallet used. For e-wallets, payment processing may take approximately 1 day; for bank withdrawals, it may take up to 21 calendar days, and bank transfers may take from 1 to 5 calendar days depending on your country and bank.

Furthermore, the withdrawal time may be extended by the payment system and/or your bank, and our company has no influence on this.

Please get in touch with support for further information.

How long does it take to process the withdrawal?

For every withdrawal request, our specialists need some time to check everything and approve the request. This is usually no more than 3 days.

We need to make sure that the person who makes a request is really you, so that nobody else can access your money.

This is necessary for the security of your funds, along with the verification procedures.

After that, there is a special procedure when you withdraw to a bank card.

You can only withdraw to your bank card the total amount deposited from your bank card within the last 90 days.

We send you the money within the same 3 days, but your bank needs some more time to complete the transaction (to be more precise, the cancellation of your payments to us).

Alternatively, you can withdraw all your profits to an e-wallet (like Skrill, Neteller, or WebMoney) without any limits, and get your money within 24 hours after we complete your withdrawal request. This is the fastest way to get your money.