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 and withdrawals. 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 create a new one for free (84% of retail CFD accounts lose money)
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 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 clicked 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 to your IQ Option account.
How to make a withdrawal when using M-Pesa?
The instructions on how to withdraw money from IQ Option when using MPesa are 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 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 transfer). 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.
84% of retail CFD accounts lose money.
- CFD Trading vs ETF Trading – explained for dummies - January 26, 2021
- Best Brokers That Accept ITIN - December 20, 2020
- Top Hidden Factors Influencing Choosing a Bitcoin Exchange - December 3, 2020
37 Comments
Leave a Reply to Abdale Cancel reply
Min. deposit: $10
Free demo account: Yes
CFDs on: Forex, Cryptocurrencies, Stocks, Commodities
Visit IQ OptionOpen a Free demo
84% of retail CFD accounts lose money.
Trade responsibly.
I’ve tried to withdraw via mpesa but it’s not available as a withdrawal method
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.
Hi
Hello Abdale,
How are you? Testing comments on our web? 😀
Provide an mpesa withdrawal option, trying the reversal way of depositing via mpesa completely doesn’t work.
Hello James,
IQ Option supports M-Pesa only in selected countries (like Kenya). Where are you based?
Hi, i deposited my money via mpesa buh wen withdrawing there is no option for mpesa
Hello Shadrack,
That is really odd, have you tried contacting IQ Option customer support?
I have depsoited using mpesa but it is not reflecting in the IQ account
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
I can’t withdraw using mpesa … there’s no mpesa option in withdrawal!! What is this ??♂️
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,
I can not see withdrawal option for mpesa please help
I deposited money via mpesa but there rise ni withdrawal option via mpesa please help
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
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
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.
There is no M-pesa in deposit and withdrawal
Hello Dular,
Where do you live? M-Pesa is at IQ Option not available in all countries.
Hello @Michael, I`m from Kenya and i have tried to deposit money via Mpesa but there is no such option
Hello Justus,
That is odd, M-Pesa should be available, especially in Kenya. I will ask the customer support what’s going on.
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.
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.
Hello Everlyne,
That’s odd, when did you contact the IQ Option customer support, also around the 9th of November?
That`s so sad… thanks for your feedback Michael.
If I have any news regarding this, I will update you in the comments. You are welcome 🙂
how can i deposite through mobile money in tanzania ?
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.
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.”
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.
hi I can access the mpesa deposit option
Hello,
That’s good news, thank you for the update for other visitors!
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
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.
How to verify account when I need to deposit money
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
It’s like the mpesa option is unavailable. I really want to deposit and start trading…please help.I’m in Kenya