IQ Option supports bank transfer deposits and withdrawals in EEA countries. In this article, you are going to find out what fees IQ Option charges when using this payment method and how to make a deposit via bank transfer.
Does IQ Option accept bank transfer?
Yes, IQ Option supports bank transfer deposits and withdrawals. This funding method is available on the IQ Option platform to traders exclusively from European Economic Area Europe (+ the United Kingdom). Please remember that is advised to use the same deposit and withdrawal method so IQ Option could easily verify that the person who made the deposit is also withdrawing the profits.
What is the minimum deposit on IQ Option when using wire transfer?
The minimum deposit when using a bank transfer is 10 USD/GBP/EUR, the minimum withdrawal amount is 2 USD/GBP/EUR. However, because IQ Option charges a fee on bank withdrawals, it might not be the best practise to use it for depositing or withdrawing such amounts.
Are there any fees for bank transfer deposits and withdrawals?
Yes, IQ Option charges a withdrawal fee of 25€* on bank transfer (*or equivalent of this amount in different currency). There are no deposit bank transfer fees from the side of IQ Option. If you want to avoid paying this withdrawal fee, you can use credit and debit cards or e-wallets (Skrill, Netteler). (Where no such fees applies).
How to make a deposit/withdrawal with wire transfer
Before you can make your first deposit to IQ Option, you have to go through the identification procedure. Here, IQ Option will ask you about your personal data (like phone number, where you reside etc.), about your experience with trading and proof of identity. Once you go through the verification process, you will be able to deposit and withdraw money by using bank transfer in a couple of seconds.
84% of retail CFD accounts lose money.