IQ Option supports Paypal deposits and withdrawals, but only in a few countries. In this article, you are going to find out in what countries IQ Option accepts Paypal and how to deposit and withdraw money via this popular funding method.
Does IQ Option accept PayPal?
Yes, but only if you are based in one of the EU countries. Here is a list of all countries whose residents can use Paypal to fund their account on the IQ Option platform:
Austria, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. (Belgium and Latvia which are also in the EU but they are not listed as IQ Option does not accept traders from these two countries).
Additionally, also traders from the United Kingdom (which is no longer in the EU) can use Paypal with IQ Option. Traders from all the countries that we named can on the IQ Option platform trade CFDs on forex, stocks and cryptocurrencies.
What is the minimum deposit when using Paypal?
The minimum deposit when using Paypal is 10 USD/GBP/EUR, the minimum withdrawal amount is 2 USD/GBP/EUR.
Are there any fees for Paypal deposits and withdrawals?
IQ Option does not charge any fees on Paypal deposit and withdrawals (But Paypal might so make sure you know them before you make a deposit).
How to make a deposit/withdrawal with Paypal
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 a proof of identity. Once you go through the verification process, you will be able to deposit and withdraw money by using Paypal in a couple of seconds.
83% of retail CFD accounts lose money.