IQ Option is one of the largest international online binary options broker in the world. In Nigeria, the Company is also very popular among Nigerian online traders of binary. The binary options market is still evolving in Nigeria as compared to the vastly developed forex trading industry in Nigeria. Binary Options trading provides another exciting option for Nigerian traders to earn money from the various markets as presented by the binary brokers. Some of the markets binary traders can trade binary include Forex, commodities, stocks, cryptocurrencies, indices and so many more.

IQ Options was founded in the year 2013 and is owned by the parent company IQ Option Limited. The award winning company has its headquarters in Limassol, Cyprus. The company has grown massively to become of the largest online trading broker in the world with over 20 million customers. The broker won the award for the Best Binary Options Broker Europe for 2015 according to the Global Banking & Finance Review.

IQ Options provide one of the best trading platform in the world where traders can trade stocks, exchange-traded securities ETFs, forex, Digital Options, Cryptos and many more. The platform is available in mobile and desktop version.

The purpose of this article is to explain to you how you can make withdrawals from your IQ Option account in Nigeria. Because one common question Nigerian traders always ask is: how can one withdraw money from his/her trading account?

IQ Options provides a wide variety of payment options for traders. Some of these payment option may not be available or suitable for Nigerians due to international regulations. I would be stating some of the  best withdrawal methods you can used to successfully withdraw funds from your IQ option account.

Firstly you need to know the minimum and maximum amount you can withdraw from IQ Option. Minimum withdrawal amount for IQ Option is 2 USD while the maximum daily withdrawal limit is $1,000,000. Meaning you can withdraw as many times as you want in day but your total withdrawal limit within 24 hours is $1,000,000.

How do I withdraw my money?

IQ Options offers the following methods to make a withdrawal from your account namely: Skrill, Neteller, WebMoney, bank wire transfer. In order to make a withdrawal, you have to first send a withdrawal request inside your IQ Option account profile to your preferred e-wallet payment system. Withdrawal requests are usually processed within 3 business days.

IQ Options require you to verify your identity before you can withdraw funds from your account. This procedure is necessary in order to prevent accounts being used for fraudulent activity. They would require you to send a scan or photo of your ID (Nigerian passport, National ID card or driving License). Once you send the documents, they would confirm and verify your account profile so you can make a withdrawal successfully.

What payment method should I use to Withdraw my money?

I would suggest you withdraw your money via Neteller. Neteller is a popular payment system that you can easily used to deposit and withdraw money from many online trading companies in the world, be it forex/binary brokers, sport betting bookmakers, e-commerce companies and so many more. Another good thing about Neteller is that you can easily convert your Neteller funds in US Dollars to Nigerian Naira. If you don’t have a Neteller account, you quickly register free at There are e-currency exchange companies in Nigeria that you can sell your Neteller funds to and they would pay in Naira.

An example of such company is They are a reliable Neteller exchanger in Nigeria that would buy your Neteller funds and pay you in Naira. Their transactions are completed within few minutes so you have nothing to worry about when you are sending your funds to them. You can either visit their website homepage to deal with them or visit their office address in Lagos for physical transactions.


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