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#1 Easy Guide to IQ Option withdrawal in South Africa + Available deposit options in RPA

June 19, 20220Comments by Bart Bregman

IQ Option withdrawal in South Africa

Contents

  • 1 Is IQ Option allowed in South Africa?
  • 2 Depositing money on IQ Option with a local bank
  • 3 IQ Option withdrawal in South Africa using  a local bank
  • 4 Additional facilitations
    • 4.1 PayGuru
    • 4.2 AstroPay
  • 5 Conclusion
    • 5.1 GENERAL RISK WARNING

Is IQ Option allowed in South Africa?

The IQ Option platform is available in South Africa since 2013. One of the important things is how to deposit and withdraw your money. Today we will tell you what IQ Option withdrawal in South Africa looks like and show you the deposit methods available. There are a few methods of payment such as debit or credit card, e-wallet or bank wire transfer. We will describe the process of transferring money with a Local Bank.

You should know that in order to conduct any transaction, you will have to send some documents to the broker for verification purpose. It may be a copy of your ID card or a proof of address.

Depositing money on IQ Option with a local bank

The first thing you must do is to log in to your IQ Option account. On the right side of the trading interface, you will find a green Deposit button. Click on it and you will be redirected to the next step.

There are a few banks you can choose from
There are a few banks you can choose from

Here, you have to determine what amount of money you wish to deposit. Then, select a local bank from the list that will be displayed on the right side. Some of the banks that are supported by IQ Option are ABSA, FNB, Nedbank, Capitec, Standard or Investec.

Now, click the green Go to payment button. It will take you to your bank's page where you will need to fill some data such as your User number or Access Account Number. Once you finish this, the OTP code will be sent to your mobile phone. You should write it in the corresponding field and wait for the confirmation of successful payment.

After choosing amount and a bank click Go to payment
After choosing the amount and a bank click Go to payment

A minimum deposit amount is just $10. You may also deposit in your national currency and the sum will be converted automatically.

You will not have to pay any fee in respect of making a deposit.

The money should be on your trading account within 1 business day.

IQ Option withdrawal in South Africa using  a local bank

The procedure for IQ Option withdrawal in South Africa is very simple. You just have to choose your preferred local bank, write the amount of money you would like to withdraw, your name and the account number. After that, click the Withdraw funds button.

Withdrawal form with local banks for South Africa
IQ Option withdrawal in South Africa

You will then see a confirmation that the transaction went well.

Withdrawing money is possible via cards and wallets. Thus, there is no fee connected to it. Make sure, however, that you have checked whether there are some fees that are not dependant on IQ Option. They may be applied to the transactions by the payment method or service.

The card and currency in which you withdraw your money should be the same that you have used while depositing funds.

The limit of the withdrawals to the card is equal to the total deposits that have been made within 90 days. The rest of the money you will be able to withdraw to any wallet that is available on IQ Option. However, if the time since your last deposit is longer than 90 days, you can freely transfer the whole sum from your trading account to your bank card.

Additional facilitations

PayGuru

PayGuru is a company with a license that has built a mobile payment app. It provides easy and fast deposit&withdraw services. This is why so many IQ Option users in South Africa make money transfers via PayGuru.

To benefit from the innovative payment services that PayGuru provides, you should register on their site. You will have to create an account, fill in the requested information and upload the required documents. After you confirm your contract with PayGuru you are ready to start using their services.

AstroPay

Another way you can utilise for depositing and withdrawing funds from the IQ Option trading account in South Africa is AstroPay Card. It is a virtual card that is approved by many businesses in the online world. You get easy access to it from your mobile phone. The payments are processed fast and the security standards are high.

You will have to register on the website or through the mobile app. There is no registration fee. You will be asked to choose the value and currency for the AstroPay Card as well as the payment method. After you pay in your local currency you will receive an e-mail with all the necessary information about your AstroPay Card.

Conclusion

Depositing and withdrawing money on IQ Option with your local bank is not a complicated process. Remember, that your account should be verified beforehand. Also, the IQ Option withdrawal in South Africa should use the same method as the one used for depositing money.

It is possible to use South African local bank for deposit to IQ OptionThere are no fees related to making payments.

Additionally, you can use PayGuru or AstroPay to facilitate the process even more.

If you have any comments, there is a special section down below the site. Share your experience with our community.

Wish you high payouts! 

 

Trade IQ option Now

GENERAL RISK WARNING

IQ option products like CFDs and options are investments that can be risky. This means that if you invest in them, you could lose your money quickly. In fact, 83% of people who invest in CFDs with this provider "IQ Option" lose money. You should make sure you understand how CFDs work and if you can afford to risk losing your money. Remember, this article is not giving you any advice about investing. Any information about what happened in the past or what could happen in the future is just an opinion and not guaranteed to be true. Including examples given in the content displayed. Be warned!

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Bart Bregman

Author / IQ Option expert: "My name is Bart Bregman, I have 9 years of full-time professional trading experience. I've been trading with IQ Option for more than 7 years, mainly on the shorter time frames doing technical analyses, and have many experience with Binary Options, CFDs, Options, and Crypto trading. There is no such thing as a bad trade! As a digital nomad trader, I'm mostly traveling all over the world. Follow my journey on Instagram at https://www.instagram.com/bart_bregman/. "


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