Why Can't Traders Withdraw From IQ Option? - FAQ On Withdrawals
Why can’t traders withdraw profits from IQ Option? What are the reasons behind an account restriction while starting my earnings?
These are the quite common question that traders ask before or after facing withdrawal problems. Though the issues could be minor or significant, you should always prepare for an accurate report as a trader.
Because at the end of the day, traders joined this most popular platform to receive profits.
So let’s talk about the FAQ withdrawals with a proper explanation.
Why Can't Traders Withdraw From IQ Option?
To verify your account with IQ Option, you must submit a few necessary and valid documents. If you miss submitting these documents initially, you must complete the task before withdrawing the profits.
Each of the documents is extremely important because it carries your authentic identity.
Our IQ Option withdrawal and deposit article explains how you can withdraw and deposit from IQ Option, problems, withdrawal proofs, and account verification process by following all the terms and conditions.
Have a look at this to clear the basic steps before analyzing the other facts.
1. What Is The Maximum Amount I Can Withdraw?
No wonder IQ Option will set a maximum withdrawal amount. The maximum is $1 000 000, which gives you quite a lot of freedom in making your choice.
Hope you won’t miss our IQ Option Review article to know more about this broker. If you do so, don’t forget to spend a few minutes reading this article.
2. How Soon After Making My First Profit Can I Withdraw?
There is no particular time frame. If you want to withdraw just now, you are most welcome to do your job. You are not restricted to any specific terms. IQ option make
They believe in letting traders make their own decisions at IQ Option. The company is committed to keeping your money safe. It’s your money, your rules.
3. What Will Be The Currency Of Withdrawal?
When the currency of your IQ Option account differs from the currency of your bank account, the funds will be exchanged by your payment system according to the current exchange rate.
4. What Are The Stages Of Withdrawal Processing?
To end a successful withdrawal, you need to follow a few steps. After sending the withdrawal request, it receives a “Request” status. After the request comes to process, it gets an “In process” status.
Funds get removed from the balance after receiving an “In process” status.
Lastly, the funds will be transferred to the payment system wallet after the request receives the “Complete” status.
5. How Soon Will The Funds Get Credited?
Well, it depends on the withdrawal methods. Generally, it takes 24 hours for the Company to process your withdrawal, but in some cases, the time of payment depends on the bank or the e-wallet system.
So, it is wise to note approximately around 1 day for the e-wallets and up to 21 days for the banks.
6. Why Is The Status “Complete” But I Don’t Have The Funds?
If your request is marked “Complete,” that means we have sent the funds to your payment system; therefore, the funds have left us, and the other process depends on your bank or e-wallet.
If the funds do not arrive within the standard timeframe, we will provide you with the transaction code. With the help of that code, you can locate the transaction and pay you the funds.
7. Where Do I Withdraw?
You must withdraw to the same card or e-wallet you have used to make a deposit before. Otherwise, the system will cancel the request.
On the other hand, the amount must not be larger than the deposit made from that card (no amount limits for the e-wallets, though). These are the security measures we take.
8. How Do I Withdraw To The Card?
Once you have deposited via your bank card, please note that at first, you will only be able to withdraw to the same bank card. The amount must not be larger than the total amount of the deposit made on the card.
The rest of the funds can go to the bank account (not the card) or to e-wallets like Skrill or Fasapay. Please see the complete list in our IQ Option review article.
Please check FAQ number 1, to find the attachment.
Also, here is the article we have made on why the IQ option blocks a trader’s account.
IQ Option gets its popularity among options traders globally because of its transparency. The trading platform has a broader number of trading assets to trade any trading classes.
Join IQ Option and make your first trade today. Click the link below to open a FREE trading account.