IQ Option binary broker - deposit and withdrawal funds - best method to withdraw money from trading account

HIGHLY RESPECTED IN THE TRADING INDUSTRY

Detailed IQ Option rundown of how to deposit and withdraw for Malay traders

Malaysia is a neighboring country with Singapore, which is the largest financial center in Asia. But Malaysia's financial market is different from Singapore’s one. There is no such direct regulation of binary options in the country. The regulation of binary options trading in Malaysia is not enforced by anyone and agencies. Full control over the financial market is exercised by the Central Bank of Malaysia, which is called Bank Negara Malaysia. But some other non-banking or other financial markets are under the control of some other bodies such as the Financial Markets Association of Malaysia (FMAM) or the Securities Commission.

There are certain rules that the country's authorities have imposed on binary options trading in Malaysia. And the purpose of this guide is to help you learn all these legal rules and regulations to develop a clear approach in the trading area. This guide will help you get an idea of ​​the top binary options broker platform in Malaysia.

It is very important to choose a broker that is regulated by a top-tier foreign regulator. IQ Option offers its clients the opportunity to trade many assets, from Forex to Indices, and even gives a choice of several account types before you start trading. The customer support is offered in 17 languages ​​with 24/7 support.

Due to its presence in different countries, which are regulated by the necessary local authorities, IQ Option is also highly respected in the trading industry for being authorized and regulated by the Financial Conduct Authority (FCA). It has the right to provide financial products or services as part of a permitted activity in the financial sphere. Thus, we can say that IQ Option is a reliable broker.

IQ Option accepts deposits through various payment systems and offers automatic immediate withdrawals so you can access your money at any time, anywhere. Traders do not need to care about fees when making deposits and withdrawals because of no hidden trade commissions with all accounts and the client status.

You can easily open IQ Option accounts (Demo/Practice account and Real/Live account) and practice trading with demo coins to test out strategies before using real money. It makes demo trading without deposits, you can switch between accounts (demo and a real one) and use them at any time. IQ Option features a testnet demo account with access to virtual funds with the balance of $10,000, you can use them immediately after opening your IQ Trade Room.  You are not able to withdraw the virtual funds but you can use them for your trading practice in your Demo Account.

  • $10 minimum deposit required to start trading.
  • $2 minimum balance required to withdraw the balance.

Different regions will provide different payment options. Therefore, if you want to know which payment system is available to you, just log in to your IQ Option Trade Room to receive this information. With 24/7 access to your funds, you can withdraw them anytime, anywhere.

IQ OPTION DEPOSIT

After having passed the verification, your real account is activated and you can make your first deposit. Choose which currency you would like to deposit in your account. Keep in mind that you need to deposit/withdraw funds in the same currency that was selected during the registration. The minimum deposit amount is $10. Deposit by a credit card or electronic wallets without commission.

All your payment methods should be managed on your behalf, with the same name for the account and bank holder. When entering your account number or any important personal information, check them carefully to avoid making any mistakes.

BANK CARD OPTIONS

1. Visit the "Deposit" section of your Trade Room.

2. Select the payment method you want to use. Select a card deposit option, fill in the card information, enter the amount on a web form. When entering the bank card data, your bank card gets linked to your account by default. So it is not necessary to write the same data again next time.

3. Press the Go to payment button.

4. Enter the verification code sent to you by e-mail or SMS (depending on the security type of your Trade Room).

5. Click the Confirm button and the deposit process is started.

Card payments are generally funded for the transactions within 3 days. The minimum trading amount for the platform is $1/4 MYR and the minimum deposit is $10/42 MYR with 1:500 leverage and a 0.6 pip spread for EUR/USD.

E-WALLET OPTIONS

1. Visit the "Deposit" section of your Trade Room.

2. You will be provided with a list of wallets. Select any available ewallet for you to make a deposit, fill in the wallet data, enter the amount on a web form.

3. Press the Continue button.

4. Enter the verification code sent to you by e-mail or SMS (depending on the security type of your Trade Room).

5. Click the Complete order button and the deposit process is started.

IQ Option does not take any fees for deposit payments, check the status of the payment system (PS) you selected. PS providers may have specific transaction limits, restrictions, and requirements, advice on them on their respective websites before making the deposit. Unless your account is fully verified, various limitations may apply on particular deposit methods in some countries.

For most of the payment systems offered by IQ Option, the deposit processing time is instant, which means that transactions are completed in seconds without manual processing. If the specified deposit time is exceeded, contact the IQ Option customer support to help you.

Deposits and withdrawals made through electronic payment systems are instant. After the completed transaction, the funds will appear in your account in just a few seconds. You can check all your deposit transactions in your IQ Option Trade Room, the Balance History section.

Deposit Options - Credit cards (Visa/Mastercard), Wire Transfer, Skrill, Neteller, Sofort, PayPal.

The deposit list can vary from the regions and expand time after time. Please, advise on the updated list of the withdrawal methods in your IQ Option Trade Room.

IQ OPTION WITHDRAWALS

There are a few general rules for withdrawing funds from the IQ Option account that you should pay attention to:

  • IQ Option allows you to withdraw one income of any amount (min $2) without commission once a month (there can be expected commissions only from the bank side in some cases).
  • The client has the right to withdraw funds only to the payment system that was used to deposit funds to the account. The payment method shall be chosen by the Company according to the Client's wishes in case of technical errors or inability to use the same payment method.
  • In case of a bank card use, withdrawals shall be made to the same card in the amounts not exceeding the amount deposited within 90 (ninety) calendar days from the last deposit.
  • Withdrawals are made according to payment system priorities (bank cards first, then bitcoin, then other options), try to keep them in mind to optimize transaction times. Withdrawals to bank cards have greater priority than other types of withdrawals.

The priorities of a payment system are very important, so let’s see how it works:

  • If you have sent $1,500 to your account and then want to withdraw $4,000, you should first withdraw $1,500 to your bank card and the rest of the withdrawal with other payment methods.

The purpose of the payment priority system is a precautionary measure to ensure that IQ Option safely complies with financial regulations prohibiting money laundering and possible fraud, making it mandatory without exception.

To ensure the customer's trust and credibility, IQ Option applies several methods to protect clients funds. The measures used to ensure the safety of these funds include:

  • Compensation funds.

Being a member of the Investor Compensation Fund, IQ Option provides protection to traders and to secure their claims when brokers are unable to fulfill their financial obligations.

  • Segregation of funds.

IQ Option securely stores trader funds in segregated accounts separately from the company's bank accounts to avoid confusion. That gives an adequate risk management strategy to avoid unjustified losses that could affect clients funds. IQ Option is a participant in various compensation schemes, which can compensate the clients funds in case of a company liquidation.

BANK CARD OPTIONS

  1. In the "Withdrawal Funds" section in your Trade Room, select a Bank card.

2. You will be provided with a list of cards that were previously used for a deposit and the amount that can be withdrawn from each card. Select a card to request a withdrawal, fill in the card information, enter the amount on a web form.

3. Press the Withdraw button.

4. Enter the verification code sent to you by e-mail or SMS (depending on the security type of your Trade Room).

5. Click the Confirm button and the withdrawal process is started.

The minimum withdrawal amount is $2/9 MYR. The maximum withdrawal amount is $1,000,000/4 570 000 MYR. 

If your bank card has expired and the bank has issued a new card linked to the same bank account, the withdrawal process is quite simple. You can request a withdrawal in the usual way:

  • Go to the "Withdraw Funds" section in your Trade Room and select a Bank card. Select the transaction linked with the expired card. However, if your expired card is not linked to a bank account because your account has been closed before, you should contact the IQ Option customer support and provide some proof papers, they can help you to request a withdrawal on other available payment systems.
  • If your card is lost or stolen and can no longer be used for withdrawals, please contact the IQ Option customer support to confirm the status of your lost/stolen card. They will assist you with your withdrawal if the required account verification has been successfully completed.

!When you withdraw funds to a card, it may take up from 3 to 21 calendar days for your issuing bank to process the payment. Unfortunately, IQ Option cannot speed up this process!

Non-trading fee concerns the withdrawal fee through the Wire transfer (the amount depends on the country).

E-wallets are more convenient, making withdrawals easier and faster than before.

E-WALLET OPTIONS

1. Visit the "Withdrawal Funds" section in your Trade Room.

2. You will be provided with a list of wallets. Select any available e-wallet for you to request a withdrawal, fill in the wallet data, enter the amount on a web form.

3. Press the Withdraw Funds button.

4. Enter the verification code sent to you by e-mail or SMS (depending on the security type of your Trade Room).

5. Click the Confirm button and the withdrawal process is started.

If your withdrawal exceeds your deposit amount, it is possible for you to withdraw only the total deposited amount for the last 90 days to your card. You can withdraw the left amount to any available wallet for you in your Trade Room.

Withdrawal Options - Credit cards (Visa/Mastercard), Wire Transfer, Skrill, Neteller, PayPal.

The withdrawal list can vary from the regions and expand time after time. Please, advice on the updated list of the withdrawal methods in your IQ Option Trade Room.

You can check all your withdrawal transactions in your IQ Option Trade Room, the Withdrawal requests section.

WHAT EXPLAINS THE POPULARITY IQ OPTION TRADING?

The great advantages of trading with IQ Option as they are:

Around-the-clock trading       The IQ Option platform works around-the-clock (all working days). So all traders can easily place or close the trade at any time for foreign exchange in the IQ Option Trade Room.
Competitive spreads When trading, any additional pips moving in your favor is a real profit. A spread may vary depending on market conditions and the leverage selected. You can find the competitive spreads in your IQ Option Trade Room.
More opportunities to profit Different Forex pairs, Indices, Commodities are used to spot profitable trades to open speculative currency positions with the going up (buy) and down (sell) options.
Leverage Trading Up to 1:30 Leverage in your IQ Option Trade Room. Margin level indicates your account health. You can easily see if your account positions are un/profitable and close your trade at any time to get your profit.
Unrealized Profit/Loss in trades Use accumulated profit from any open positions to place new trades and drastically increase your buying power.
Set Take-Profit/Stop-Loss in pips or asset price Trade in lots. The well-known way of opening new positions is also available along with an additional level of flexibility in risk management, providing control with precision.
Transparency Be informed on trading costs and conditions, trading session schedule through a prompt in user interface before order execution.
Improved portfolio interface The revamped portfolio interface makes it easier for you to manage your assets much more effectively.
Demo Account for a good start The IQ Option Demo Account offers a simulated area where you can improve your strategies and practice trades with fictional capital.
Trading Education IQ Option Trade Room gives you access to a Forex trading course, educational tips and materials for improving your trading skills.
IQ Option Regulations and Awards IQ Option regulated by the Financial Conduct Authority (FCA). It was awarded the winner certificates in numerous best trading nominations.
Customer Support The IQ Option Support is ready to help you in your language - the average response time is 1 minute.
Trading Community and Education The IQ Option Account gives the trader an access to a Forex trading course, educational tips and materials for improving trading skills. It offers any trader a teaching blog and a trading community which change your trading lifestyle.

To sum up, the IQ Option business case is clear, the company knows what to do, makes the life of traders rich, filled with meaning for profitable and productive trading in Malaysia. Various types of options (classic binary options, turbo options, etc.), one-click purchase of an asset, available markets (cryptocurrency, Forex, stocks, etc.), attractive programs, unique service and instant customer support will not leave indifferent to anyone who is ready to deal with the highly respected trading company in the largest financial center in Asia.

FAQ

How can I make sure my payment is secure?

IQ Option is a trustworthy company that checks all of its licenses, which are used by various regulatory authorities in the regions where it operates. Registration and provision of cross-border services is done through regulatory approval, which makes IQ Option's operating regularities very reasonable due to standards in a proper way along with the client protection, money segregation, and participation in funds or investor compensation schemes.

Due to its presence in different countries, which are regulated by the necessary local authorities, IQ Option is also highly respected in the trading industry for being authorized and regulated by the Financial Conduct Authority (FCA). It has the right to provide financial products or services as part of a permitted activity in the financial sphere.

A large number of withdrawals through payment systems are instant, so it means that the transaction is completed in seconds without a manual process. If the specified time is exceeded, contact the IQ Option customer support. They will help you to resolve this issue.

The withdrawal amount to the card/wallet is not limited. IQ Option allows you to withdraw one income of any amount (min $2) without commission once a month (any other commission can be expected only from the bank side in some cases), quickly processes withdrawal requests, and it makes the withdrawals straightforward. Card payments are generally funded for those transactions within 3 days. E-wallets are more convenient, making withdrawals easier and faster than before. It is possible to check the status of any withdrawal request while waiting for the funds.

If the payment system used for the deposit is not available at the time of the withdrawal, contact the IQ Option customer support via live chat, email or phone for alternatives. They are always ready to help you.

The IQ option support offers 24/7 English, Portuguese, Spanish and even Italian via phone, online chat, email and social media, as well as other 17 languages available around the clock in the support chat. The platform supports multiple languages: French, Indonesian, Korean, Russian, Spanish, Vietnamese, Chinese, Portuguese, Italian, German, Bengali, Turkish, Thai, Swedish and Hindi.

The support works very fast, they are friendly, responsive and always ready to help all traders.

There may not be enough funds in your trading account to complete the withdrawal request. Check the following statements: 1) there are no open positions on the trading account 2) the payment method for withdrawal is correct 3) the trading account has enough funds to withdraw funds 4) the selected currency exchange rate results in an insufficient amount funds error. If all these statements have been confirmed with the negative answers, contact the IQ Option customer support by providing the following information: - trading account number; - the name of the payment system provider you are using; - screenshot of the error message you received. The customer support can help you at any time.

1. After a withdrawal request is made, it receives the "Requested" status. At this stage, funds are deducted from your account balance.

2. Once we begin processing the request, it receives the "In process" status.

3. Funds will be transferred to your card or e-wallet after the request receives the "Funds sent" status. This means that the withdrawal has been completed on our side, and your funds are no longer in our system.

You may see the status of your withdrawal request at any time in your Transactions History.

The time when you receive the payment depends on the bank, the payment system or the e-wallet system. It is approximately 1 day for e-wallets and usually up to 15 calendar days for banks. The withdrawal time could be increased by the payment system or your bank and IQ Option has no influence on it.

Have productive trading!

SIMPLE AND RELIABLE
MONEY WITHDRAWAL
Skrill
Neteller
Mastercard
Visa
Maybank
RHB Bank
Hong Leong Bank
CIMB Bank
Public Bank
AmBank
Astropay
GENERAL RISK WARNING:
The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose