Many people explain how to send money to brokers like IQ Option, but little is said about how to withdraw any profits. That’s why we’ve explained all the details you need to know about the best ways and important tips for avoiding fees.
A lot is said about trading strategies and indicators, as well as how to send funds to investment platforms, but little is said about how to withdraw your profits from them, which let’s face it, is one of the best parts of the business, because after all, that’s what we all trade for.
By the way, this is not a recommendation for you to try to speed up your trading and earnings, but how to make your withdrawals on IQ Option the best way, once you have profits available to withdraw.
Rushing your trades to see results quickly often has the opposite effect and can lead to you losing part of your invested capital, so stay focused on your strategies and even if you haven’t yet made a profit to withdraw, take advantage of this article to be prepared when the time comes.
IQ Option offers low operating costs
Investment platforms have and pass on a lot of costs that we often don’t realize, after all there is a whole investment in structure, technology, support, security for the user, among others.
In many markets, these costs can become a barrier to entry for novice investors or eat up a considerable part of their profits, which can be very frustrating for those who are starting out or don’t have a lot of money to invest.
The good news is that at IQ Option, the costs of registering, maintaining the account, sending money and making withdrawals are either non-existent or negligible.
As our aim in this article is to talk about withdrawing funds at IQ Option, we will focus on the costs and the other details you need to know in order to do it best.
Withdrawal methods at IQ Option
Let’s start by explaining IQ Option‘s withdrawal methods for Brazilian users. On many foreign investment platforms, it is common for there not to be many payment and withdrawal options accessible to Brazil, which, fortunately, is not the case with IQ Option.
IQ Option has agreements with several Brazilian banks, to which you can withdraw if you are an account holder. Here’s a list of the banks available:
Agibank, Banco do Brasil, Itaú, BANRISUL, BMP MONEY PLUS, BNDES, Bradesco, C6, Caixa Econômica, Citibank, Credit Suisse and Votorantim, Inter, Original, Safra, Santander, Sicredi, UBS Pactual S.A.
You can also opt for another practical way, which is to withdraw directly to a credit card. In this case, the amount of the withdrawal will be credited to your card bill, which you can only use to offset your expenses on the card.
Withdraw from IQ Option to e-wallets
In addition to withdrawal options to bank accounts and credit cards, another increasingly common possibility is to withdraw from IQ Option to digital wallets such as Neteller and Skrill.
These are very convenient to use and allow you to make payments not only to platforms like IQ Option, but also to a growing number of websites. What’s more, the processing speed they offer is very fast and they also connect to various payment methods.
For some, the e-wallet is the best way to withdraw from IQ Option, and the agility and flexibility it offers contributes greatly to this type of opinion.
As we explained earlier, you can also do the same procedure via e-wallets, such as Neteller and Skrill, for example. From there, you can choose how to withdraw your profits.
Care required when withdrawing from IQ Option
To avoid inconvenience, you need to pay attention not necessarily to the withdrawal itself, but to another issue that has a direct impact on withdrawals at IQ Option.
This attention is linked to your registration details on the platform, which can cause a bit of a headache when it comes to withdrawing your profits.
You may have already had the experience of making a bank transfer to someone else and having it returned to your account. And the reason for this could be a single digit error in data such as bank code, branch, account number, CPF, among other data.
Exactly the same thing can happen with companies like IQ Option if you send in the wrong information, so we recommend paying extra attention when filling in your registration details. This is important in order to receive your IQ Option withdrawals more quickly.
IQ Option withdrawal costs
An important question is how much withdrawals at IQ Option can cost, and we’ve already started with some great news: You get 1 free withdrawal per month!
The withdrawal fee at IQ Option is a fixed amount of 2% of the total deposit with a maximum amount of R$125. In other words, 2% is charged until it amounts to 125 reais, any amount in excess of this is not charged.
If you want to withdraw more than once, also take into account the fees involved in IQ Option bank transfers. The good news is that you get one free withdrawal per month, so try to be patient so you don’t lose part of your profits to fees.
This condition applies to all forms of withdrawal. In the case of a second withdrawal, it’s important to note that each currency has a different fee limit when withdrawing from IQ Option.
What are the withdrawal rate limits at IQ Option?
The withdrawal fee at IQ Option is a flat 2% of the total deposit with a maximum amount of R$125. In other words, 2% is charged until it amounts to 125 reais, any amount in excess of this is not charged.
It’s worth remembering that IQ Option offers the possibility of accounts in different currencies, and the limits are different for each one, as shown below:
Brazilian Real: R$ 125
Euro: EUR 30
Pound sterling: GBP 25
Russian Ruble: RUB 1500
US dollar: USD 30
Therefore, we can conclude that since there is a limit of 125 reais on the withdrawal fee at IQ Option, if the second withdrawal you want to make in a given month is for a larger amount, the fee charged may be less than 2%.
IQ Option minimum withdrawal amount
Finally, the last piece of information you need to know is the minimum withdrawal amount on this platform.
For credit cards and e-wallets, the minimum withdrawal amount is just R$4.
For bank accounts, the amount is considerably higher, R$150.
After reading this article, you can learn how to make withdrawals with a demo account on the IQ Option platform, and get to know the most interesting trading strategies.
