Withdrawal is one topic mostly neglected by digital options traders. However, they should not neglect it; otherwise, they will end up paying a higher price for the withdrawals. This article is all about the smooth usage of IQ Option and secure withdrawal methods.
IQ Option provides three basic withdrawal options. They are:
- Debit or Credit card withdrawal
- Wire Transfer
- E-wallets like Neteller, Skrill, WebMoney, FasaPay, Boleto, iDeal, QIWI, and CashU.
The withdrawals at IQ Option are processed within 24 business hours. All the withdrawal methods are different, so a brief description of the first two is given below:
This withdrawal method is the most popular one and the supported cards are Visa, Maestro, Visa Electron and Mastercard. A trader should first submit a request for withdrawing money. It will then be processed in the next 24 hours and shortly appear in the account of trader.
In comparison to withdrawals through credit card, withdrawals from wire transfer have many disadvantages. Some of them are:
- The withdrawals from wire transfer take more time than the withdrawals from credit card. IQ Option processes the wire transfers within 24 hrs, but it takes many days for funds to reach to your bank account and the delay is mostly because of the bank where you hold an account.
- While withdrawing through wire transfer, your bank might impose a fee on the transfer. This fee can’t be avoided whereas no fee is charged during credit card withdrawals.
Withdrawing money from IQ Option is very smooth. A trader can follow these three simple steps for withdrawals:
- Open the website of IQ Option and login to the account by entering your username and password.
- After logging in, you should go to your account’s banking section and open withdrawal page.
- In this section, you should opt the preferred withdrawal method and then follow further instructions. Then you should enter the withdrawal amount and the details of account where you want the money to be withdrawn. Finally, a form should be submitted and your request will be processed within 24 hours.
Withdrawal stage separates a good digital options broker from a bad one. There are some brokers who impose insane fees on withdrawals or create several unnecessary difficulties. Luckily, the whole withdrawal process of IQ Option is amongst the best in industry.
While withdrawing from IQ Option, no fee (except wire transfers) is charged and the best thing is that traders can do multiple withdrawals as there is no limit on withdrawals. Some withdrawals which involve a third party (like banks) might take little longer for execution but in this case money can be received quickly through IQ Option in comparison to other brokers.
Hence, it can be inferred that withdrawal from IQ Option is quick and smooth. Money can be withdrawn through different methods, like debit or credit cards, wire transfer or e-wallets.