IQ Option M-Pesa - Deposits and withdrawals
| Update: As per all the comments in the discussion under this article, we must notify you that IQ Option no longer supports withdrawals via M-Pesa. If you are looking for a broker that supports both deposits and withdrawals, you can check out Exness.com. This company offers instant deposits and withdrawals, is regulated and authorised in S. Africa by the financial regulator FSCA and has tight spreads starting from 0.3 pips. Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. |
IQ Option supports in some countries a popular mobile money payment system called M-Pesa. Despite the fact that this funding method is particularly popular in Kenya, traders from other African countries as well as from Romania, Albania and India and a couple of other countries use it too. In this article, you are going to find out how to make a deposit and withdrawal on the IQ Option platform when using MPesa.
Does IQ Option accept M-Pesa?
Yes, IQ Option accepts M-Pesa for deposits. In order to make a deposit via this mobile money system, you have to open an IQ Option free account. Once you do that, you can follow the simple guide below this paragraph. The minimum IQ Option deposit amount when using M-Pesa is 10 USD and the minimum withdrawal amount is 2 USD. If your M-Pesa account is in Kenyan shilling or other currency, your deposit will be converted to USD.
How to make a deposit on the IQ Option platform when using M-Pesa?
Here is a simple guide on how you can make a deposit when using M-Pesa.
1#STEP, login to your IQ Option account, or
Risk warning: your capital might be at risk
2#STEP, Click in the top right corner on the Deposit button
3# Step, select the right option "Top up your account"
4# Step, from all the available deposit methods, choose Mpesa, select the amount you want to deposit to IQ Option and click continue.
5# Step, you will be redirected to a secure payment gateway where you have to fill in your name and your MPESA phone number (the Safaricom number).
6# Step, if you click the submit button a pop-up window will show on your mobile phone where you verify the transaction. Once you have done that, wait for a couple of seconds and your funds will be loaded into your IQ Option account.
How to make a withdrawal when using M-Pesa?
Unfortunately, IQ Option as of now does not support using M-Pesa for withdrawals. That means you must choose a different withdrawal method to get your money from the IQ Option trading account. Once they start supporting withdrawing money via M-Pesa again, the instructions on how to withdraw money from IQ Option when using MPesa will be pretty much the same as when making a deposit. Instead of clicking on the deposit button, click on the withdraw button when you are logged in to your real account.
Are there any fees for M-Pesa deposits and withdrawals?
According to the IQ Option official website, the broker does not charge any deposit or withdrawal fees (with the exception of wire transfers). It, therefore, means, that there are no deposit or withdrawal fees when using M-Pesa. Please note, that despite the fact IQ Option does not charge any deposit or withdrawal fees, M-Pesa might.
Risk warning: your capital might be at risk
119 comments
Francis Daudi
September 15, 2020 AT 16:56 / reply
I've tried to withdraw via mpesa but it's not available as a withdrawal method
Michael
September 16, 2020 AT 12:06 / reply
Hello Francis,
What method have you used when you made a deposit to IQ Option? You have to use the same deposit and withdrawal method. That means if you haven't used M-Pesa for your deposit, you will not be able to withdraw via Mpesa.
Anonymous
April 15, 2023 AT 08:26 / reply
Hi, Micheal, I am trying to deposit to my IQ option account via mpesa, but it is telling me mpesa option is unavailable. what could be the problem?
Michael
April 15, 2023 AT 15:45 / reply
Hello,
Perhaps they do not support it in every country, where do you reside?
Abdale
October 07, 2020 AT 20:00 / reply
Hi
Michael
October 08, 2020 AT 08:38 / reply
Hello Abdale,
How are you? Testing comments on our web? :D
Everlyne
January 21, 2023 AT 18:08 / reply
is this iq option 100% profitable
Michael
January 22, 2023 AT 10:15 / reply
What do you mean by "if it's 100% profitable?". The broker is not some magical tool to make you money without hard work.
Waters
April 07, 2023 AT 10:26 / reply
i made my first deposit through mpesa and now i want to withdraw through mpesa but its not there in withdraw options why
Michael
April 07, 2023 AT 17:49 / reply
Hi Waters,
Because IQ Option does not support M-Pesa as the withdrawal method. Please consider using other available withdrawal methods.
John
May 12, 2023 AT 19:37 / reply
Am curtis.i deposited using mpesa but mpesa is now not available for withdrawal
Dave
February 20, 2023 AT 23:18 / reply
have u tried olymp trade? I would appreciate reviews about it
Michael
February 21, 2023 AT 09:50 / reply
Hi Dave, no never.
Abdi
March 29, 2023 AT 10:18 / reply
i used the mpesa option for deposit but i cant withdraw to mpesa
James
October 10, 2020 AT 12:48 / reply
Provide an mpesa withdrawal option, trying the reversal way of depositing via mpesa completely doesn't work.
Michael
October 10, 2020 AT 15:50 / reply
Hello James,
IQ Option supports M-Pesa only in selected countries (like Kenya). Where are you based?
Mark
February 28, 2023 AT 13:33 / reply
the withdrawal option by mpesa is not there and I deposited with the mpesa
shadrack
October 11, 2020 AT 10:22 / reply
Hi, i deposited my money via mpesa buh wen withdrawing there is no option for mpesa
Michael
October 11, 2020 AT 13:28 / reply
Hello Shadrack,
That is really odd, have you tried contacting IQ Option customer support?
Philip Wekesa
October 26, 2020 AT 16:22 / reply
I have depsoited using mpesa but it is not reflecting in the IQ account
Michael
October 26, 2020 AT 16:29 / reply
Hello Philip,
I believe M-Pesa deposits should be nearly instant, how long has it been since you processed your payment? If it does not appear in your account by the end of the day, please contact the IQ Option customer support to resolve this!
Regards,
Michael
Silvio
November 04, 2020 AT 09:41 / reply
I can't withdraw using mpesa ... there's no mpesa option in withdrawal!! What is this ??♂️
Michael
November 04, 2020 AT 20:54 / reply
Hello Silvio,
And were you able to deposit via M-pesa? Because if this deposit option was not available then, it will also not available when you try to withdraw your money.
Regards,
Dennis bless
November 12, 2020 AT 06:26 / reply
I can not see withdrawal option for mpesa please help
Dennis bless
November 12, 2020 AT 06:31 / reply
I deposited money via mpesa but there rise ni withdrawal option via mpesa please help
Michael
November 12, 2020 AT 12:48 / reply
Hello Dennis,
That is odd if you made a deposit via M-Pesa then this payment method should also work as a withdrawal method. Please try to reach out to the IQ Option customer support via live chat to resolve this ASAP.
Kind regards,
Michael
BT
September 11, 2021 AT 00:01 / reply
Hi, it is not odd. What the guy is saying is the truth. You can clearly deposit with M-Pesa but when you try to withdraw, the M-Pesa option is not there! It's really puzzling. I wonder what the intention of IQ option was.
Alice Wangechi
November 16, 2020 AT 16:55 / reply
I didn't find the Mpesa option on my app..and I had initially used Mpesa to Deposit funds..The support team was unable to help..so what should I now use
Michael
November 17, 2020 AT 13:31 / reply
Hello Alice,
That is odd, I would expect their support team would help you with this. You can try to use another withdrawal method or e-mail them at [email protected], I believe if you reach out to them via e-mail they will send your issue to someone competent to resolve this.
Dular
November 24, 2020 AT 16:04 / reply
There is no M-pesa in deposit and withdrawal
Michael
November 24, 2020 AT 17:26 / reply
Hello Dular,
Where do you live? M-Pesa is at IQ Option not available in all countries.
Anonymous
August 15, 2023 AT 14:24 / reply
apart from mpesa withdrawal which method can I use in iq option while in Kenya?
Michael
August 15, 2023 AT 19:50 / reply
I am pretty sure cards are accepted (debit/credit), but other than that I am not completely sure as it differs in each country and I am not based in Kenya. So to verify this information, please reach out to IQ Option customer support.
Justus
November 30, 2020 AT 05:44 / reply
Hello @Michael, I`m from Kenya and i have tried to deposit money via Mpesa but there is no such option
Michael
November 30, 2020 AT 13:40 / reply
Hello Justus,
That is odd, M-Pesa should be available, especially in Kenya. I will ask the customer support what's going on.
Michael
November 30, 2020 AT 22:13 / reply
I have some bad news, I just talked with the IQ Option customer support and I was told that M-Pesa is not available in Kenya at the moment. Unfortunately, as of now, they don't know when it will be available again.
Everlyne Njeru
January 02, 2021 AT 07:45 / reply
Hi Michael, i succesfully deposited through MPesa around 9th November,2020. Unfortunately it did not reflect on the IQ Option account. The mobile money provider(Safaricom ltd) confirmed transaction went through. I cant trace the money. I contacted customer support no response.
Michael
January 03, 2021 AT 18:22 / reply
Hello Everlyne,
That's odd, when did you contact the IQ Option customer support, also around the 9th of November?
Anonymous
March 21, 2023 AT 08:45 / reply
Hi am John from Kenya have tried over 10times withdrawal of money via mpesa and all i receive is that the withdrawal has being cancelled
Michael
March 21, 2023 AT 10:48 / reply
Hi, as mentioned in the article, for withdrawals you need to select a different withdrawal method.
Justus
December 01, 2020 AT 09:51 / reply
That`s so sad... thanks for your feedback Michael.
Michael
December 01, 2020 AT 13:51 / reply
If I have any news regarding this, I will update you in the comments. You are welcome :)
john
December 07, 2020 AT 14:50 / reply
how can i deposite through mobile money in tanzania ?
Michael
December 07, 2020 AT 16:04 / reply
Hello John,
If IQ Option supports this deposit method in your country you should see it in the deposit tab on the IQ Option platform.
Holace
March 16, 2023 AT 02:57 / reply
I paid to iq option via mpesa and the mpesa withdrawal option is not available
Kiruga Samuel
December 09, 2020 AT 08:53 / reply
Hello Michael,
Thank you for the reply support and amazing content that you are giving us.
All i wanted to ask is for you to elaborate this:
"84% of retail CFD accounts lose money."
Michael
December 09, 2020 AT 12:45 / reply
Hello Kiruga,
Thank you for your support and your kind words :). That means 84% of retail clients who trade with IQ Option lose money, that leaves you with 16% who are in profit.
Anonymous
January 05, 2021 AT 08:09 / reply
hi I can access the mpesa deposit option
Michael
January 05, 2021 AT 13:13 / reply
Hello,
That's good news, thank you for the update for other visitors!
david
February 15, 2021 AT 14:40 / reply
cant find any mpesa option for deposit.I can only see the other options eg skrill,netler,perfect money ,visa card etc but no mpesa option
Michael
February 15, 2021 AT 17:08 / reply
Hello David,
It seems like IQ Option is having some issues with M-Pesa deposits and withdrawals tho I hoped they had been fixed as one of our readers commented here in January that they can already access IQ Option M-Pesa. Please reach out to IQ Option customer support to see if they will work anytime soon.
Anonymous
April 10, 2021 AT 18:02 / reply
How to verify account when I need to deposit money
Michael
April 11, 2021 AT 08:47 / reply
Hello,
To verify your account you need to verify your identity, here is a guide on how to go about that - https://tradingbeasts.com/iq-option-review/#Account_verification
Masinde
April 12, 2021 AT 19:55 / reply
It's like the mpesa option is unavailable. I really want to deposit and start trading...please help.I'm in Kenya
Wogy
May 28, 2021 AT 23:52 / reply
I am seeing people troubled and their issues unresolved. Is this a warning sign?
Michael
May 29, 2021 AT 11:46 / reply
Hello Wogy,
It seems like IQ Option paused accepting M-Pesa for deposit and withdrawal methods (As you can see from the comments here). However, they still support other payment methods such as credit/debit cards, wire transfers and e-wallet payments.
Anonymous
July 09, 2021 AT 12:26 / reply
i cant see the mpesa icon when i want to deposit.
Anonymous
September 10, 2021 AT 13:28 / reply
mpesa seems to be back.. I just saw it... has anyone tried depositing with mpesa. it will be great an answer from you Michael to confirm if it's working OK... now
Michael
September 10, 2021 AT 16:56 / reply
Hello,
Thank you for your comment, that would be awesome. I myself don't have mpesa as I live in Europe so I can't test it, but our African users will be definitely happy about this. Should you have any more updates about this, please keep us posted! Thanks :).
Mwas
September 10, 2021 AT 21:36 / reply
Mpesa is back to iqoption
Anonymous
September 13, 2021 AT 18:38 / reply
Can Michael confirm if really mpesa can be used for withdrawal
Michael
September 15, 2021 AT 08:50 / reply
Hello,
I am sorry, but I can't confirm that, you have to ask directly IQ Option.
renee
September 23, 2021 AT 18:35 / reply
Well....i was waiting for the withdrawal illustration........im happy i landed this page,made me rethink if i will deposit wit mpesa or with iq ...
Bukhosi
October 20, 2021 AT 15:29 / reply
hi.
i cannot find the MPESA option or the Skrill option on my app for deposit
Caroline
July 10, 2022 AT 19:28 / reply
Hi. I am trying to deposit via M-Pesa but it keeps saying the number is invalid. Is the M-Pesa option working? I really want to start trading.
Michael
July 25, 2022 AT 08:43 / reply
Hello Caroline,
Regarding this issue, you will have to ask directly the broker - IQ Option. I believe they will be able to assist you with this matter.
Mustafa
October 11, 2022 AT 13:30 / reply
It so sad that from yesterday 10th October 2022the m -pesa is out of service I really want to trade I already deposited,it is really annoying no m -pesa service am from kenya
Tobby
October 28, 2022 AT 04:45 / reply
I deposited using M-PESA but the withdrawal using M-PESA is not available.
Will it be available in the days to come?
Michael
October 28, 2022 AT 07:35 / reply
Hi Tobby,
Try contracting IQ Option directly, because we do not know if it will.
I deposited via mpesa, why can't I withdraw via mpesa
January 06, 2023 AT 11:22 / reply
I deposited via mpesa, why can't I withdraw via mpesa
Michael
January 06, 2023 AT 13:16 / reply
Hi,
IQ Option seemed to stop supporting M-Pesa as the withdrawal method. That is also why I made the new warning at the top of this page. But you are free to use any other withdrawal method they offer.
Lawrence
October 31, 2022 AT 08:08 / reply
hello,
am from Kenya and I can see mpesa deposit option,but my worry is,when I will be doing withdrawal will they accept it, I want to deposit via mpesa
Michael
October 31, 2022 AT 10:27 / reply
Hello Lawrence,
It's best to verify directly with IQ Option if its going to be possible to also withdraw via M-Pesa or if you are going to have to choose a different withdrawal method.
Bako
November 12, 2022 AT 07:21 / reply
Deposit is so first with mpesa but withdrawal takes time why?
Michael
November 12, 2022 AT 08:23 / reply
Hello,
Is your identity verified? If not, it might be causing delays in your withdrawal requests.
Yasil
November 22, 2022 AT 03:48 / reply
I deposited money with mpesa but the withdrawal option via mpesa is not there. what can i do
Michael
November 22, 2022 AT 08:33 / reply
Hi Yasil,
You can use a different withdrawal method in that case.
Roi Kenya
January 26, 2023 AT 10:40 / reply
Thank you very much for the information... one question though, how long does it take to have the money reflect on my mpesa account after withdrawal
Michael
January 26, 2023 AT 11:21 / reply
You are welcome. I think it should be within the same day, but please verify this directly with IQ Option.
Kifee
March 05, 2024 AT 11:35 / reply
Hi, has Iq option supported mpesa withdrawals?
Michael
March 05, 2024 AT 18:22 / reply
Hello,It has but as far is I know it doesn't now, only deposits. For withdrawals, you have to use a different method.
benard
January 31, 2023 AT 09:21 / reply
i ama able to deposit through mpesa but i cant make my withrawls why
Michael
January 31, 2023 AT 12:18 / reply
Hello Benard,
IQ Option does not seem to be supporting withdrawals via Mpesa, that's also why we put the warning at the beginning of this article. Feel free to use a different withdrawal method.
Rodgers
April 04, 2023 AT 09:22 / reply
this has been my problem..all withdrawals are failing
Michael
April 04, 2023 AT 10:19 / reply
Hi Rodgers,
Did you try using other withdrawal methods? As you might have noticed, IQ Option seems to support M-Pesa only for deposits now, not for withdrawals. They, however, do support other payment methods such as credit and debit cards.
Logan evans
March 02, 2023 AT 21:02 / reply
can one be verified without these bank cards
Michael
March 03, 2023 AT 10:34 / reply
Hi Logan,
What do you mean by this? You don't have to use bank cards at all, you can choose a different payment method.
Fredrick
March 24, 2023 AT 07:47 / reply
Hello Michael I deposited to iq through mpesa but I have tried to withdraw through mpesa but the mpesa option is not available on my withdrawal page, how do I withdraw?
Hello
May 13, 2023 AT 20:18 / reply
I have withdrawn my first money from iq option through skrill but it has failled, what may be the problem
Michael
May 14, 2023 AT 15:54 / reply
Hello,
What error does the system display?
Jordan
March 24, 2023 AT 10:42 / reply
when withdrawing using Mpesa, am I supposed to put my safaricom phone number as the account number? starting with +254...help me...it's URGENT
Mac mech
May 05, 2023 AT 06:25 / reply
How can I withdraw using skrill
Michael
May 05, 2023 AT 08:19 / reply
Click on your balance, select money withdrawal and then choose Skrill.
Amoh
June 13, 2023 AT 10:54 / reply
Does it mean that the method I use to deposit is the same method that I will use to withdraw?
Michael
June 13, 2023 AT 14:08 / reply
Hello Amoh. Normally, it does work exactly as you describe. However, IQ Option supports not only deposits when using M-Pesa, that means you have to choose a different withdrawal method.
Domino
July 08, 2023 AT 19:00 / reply
i think this is a fraud ? how can you deposit with mpesa but not withdraw with the same option .....this should be fixed right away my money is in there and i need to pay rent
Michael
July 10, 2023 AT 11:24 / reply
Hello Domino,
You can try withdrawing with another method or try asking IQ Option customer support if they will allow M-Pesa withdrawals anytime soon.
Alpha
July 13, 2023 AT 13:29 / reply
Hi Sir.Michael. Which bank cards can be used in money deposits and withdrawals?
Michael
July 13, 2023 AT 14:07 / reply
Hello Alpha,
Most likely Mastercard and Visa, but perhaps some others too. I recommend checking this information directly with IQ Option customer support.
Alpha
August 03, 2023 AT 16:25 / reply
Okay sir. Thank you.
Michael
August 03, 2023 AT 17:19 / reply
You are welcome. Best of luck with your trading!
Rajos
August 12, 2023 AT 16:52 / reply
Am from Kenya has iq started processing withdraw through mpesa services
Michael
August 13, 2023 AT 12:37 / reply
Hello Rajos,
As far as I know, there are not any new news on this. You will have to opt for other withdrawal method in the meantime.
Manuel
August 22, 2023 AT 16:25 / reply
Yeah, funding an account or withdrawing from one is something that is really simple to do. That is just one of the great advantages of a platform that is easy to navigate.
Which payment method is best though? Is using my card advisable?
Michael
August 23, 2023 AT 14:38 / reply
Hello Manuel,
One that best meets your needs. So if it's a card, why not? I believe IQ Option only has a withdrawal fee when using bank transfer, other methods should be free of charge.
Angel Delgado
September 19, 2023 AT 23:05 / reply
Topping up process on this platform is pretty straightforward mainly because the number of payment options is acceptable, and all of them can boast a pretty quick transaction processing.
From my point of view, even a total rookie would sort out how to make a deposit here without any need to bother client support team guys. The system is transparent enough.
Jarunsuk
October 09, 2023 AT 15:38 / reply
IQ Option is known for its convenient and speedy funds transfers. I have never experienced any problem.
I haven't used M-Pesa, but I am sure it’s the same convenience as for the other wallets.
Giang Ðình
November 01, 2023 AT 18:47 / reply
I am okay with using any of those. But I just need to know which one is the fastest way??
Michael
November 02, 2023 AT 07:49 / reply
Hello, the fastest are e-payments so Skrill, Neteller and such... (very often they are instant or near-instant). But mobile money payments are also very fast.
Geobose
November 09, 2023 AT 17:51 / reply
Hi after successful deposit by mpesa how will i withdraw now that withdrawals by mpesa are no available. Thanks
Michael
November 10, 2023 AT 08:15 / reply
Hello, you have to use another withdrawal method that IQ Option offers in your country.
Brenda
November 20, 2023 AT 17:57 / reply
Hi Michael, I deposited money via mpesa but the mpesa withdrawal option is not available. I reside in Kenya. The only options I can see is perfect money and advcash which are not compatible with mpesa. Please advise.clearly what one should do in this kind of scenario. Thank you
Michael
November 21, 2023 AT 15:25 / reply
Hello Brenda, that is correct, IQ Option does not currently support M-Pesa for withdrawals you have to use a different payment method.
Jo
December 01, 2023 AT 06:54 / reply
Hi mpesa gate is closed....is there a problem? Can't deposit since last night
Michael
December 01, 2023 AT 14:54 / reply
Hi, you have to ask the IQ Option support team about this. As far as we know, deposits via M-Pesa should be working.
Malim bin Uda
December 13, 2023 AT 13:54 / reply
Even judging by the screenshots that the author attached to his article, you can see how many options are available to deposit and withdraw funds.
It looks like IQ Option has more to offer than just a bank card or bank transfer.
Thanks to the fact that IQ Option has modern and in-demand ways for traders, both deposits and withdrawals should be easy and fast.
Wema
January 18, 2024 AT 20:59 / reply
Hello Mike how long does mpesa depoist takes to reflect?
Michael
January 19, 2024 AT 08:31 / reply
Hello,Since it's a form of an e-payment method I believe only a couple of minutes or so.
Sebastian Ibañez
February 19, 2024 AT 11:42 / reply
esto se ve muy fácil y bueno y todo, pero ¿alguien lo ha probado realmente? ¿Cuánto tiempo se tarda en depositar y retirar dinero de esta manera realmente?
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