Withdraw money from IqBroker

To request the funds transferring out of the platform, the user has to enter the “Withdraw” section first from the profile settings. There will be listed all the possible gateways the IQ Broker supports for the withdrawal operations, each has the separately listed conditions on management. All of the methods, however, share the requirement of allowing the withdrawal after reaching the certain level of available assets.

As for the withdrawal timing, some payment systems provide almost instant payments, while other take from three to five business days for completion. The most popular option due to its speed and convenience is the Visa or Mastercard direct transfer, the least used one is the bank wire transfer which involves too many aspects. Sometimes, the geographical location also influences the payment arrival, so it is better to plan the longer term of waiting instead of counting on the immediate transfer. If the transaction takes more than five days to arrive, then in is recommended to contact the IQ Broker customer support team that will look into the issue details.

How long to wait for withdrawal?

On average, every withdrawal transaction takes three days for being transferred, but, because of different undertones, sometimes there are different meanings to this statement. Some platforms mean by default the regular three days, while others omit the word “business days”, which prolong the wait for another day or two.

Max and Min Withdrawal Amounts

There are different restrictions for every method on the minimal amounts allowed for withdrawal. Some can provide the transactions starting from a couple of dollars or euros, while other set the margin at tens or even thousand of dollars. To review all options, it is better to visit the “Withdrawal” page personally or contact the support team for more details.

Account verification for withdrawal

Before being allowed to deal with the real funds, the verification pass is necessary, where administration reviews the personal data and background of a trader. Also, with confirmed e-mail address and phone number, it will be impossible for hackers to intrude the account and take the full control over the invested funds.

Necessary documents for IqBroker Withdrawal

During the verification processes, the user also has to attach the proof of identity with a proof of residence, for which there can be used:

• passport photo on the front page
• national identity card
• residence permit
• refugee certificate
• travel passport
• and other options

The list of applicable documents also depends on the region, so it is important to look for the actual list on the verification page. It should be remembered that the photo quality should allow to read clearly the full name, date of birth, issued number and other details that allow to compare them with the questionnaire answers.

When planning to use the bank card, the trader also has to attach the images with a front and back sides of the card for transactions. All the information should be read clearly except for the CVV code, which is covered carefully for leaks prevention. For the card number, it is enough to have the first six and last four digits for identification purposes.

After collecting the information for verification processes, it takes from a day to three days for the administration to approve the request. With the real account unlock, the request for depositing and withdrawal will be enabled automatically on a condition of correspondence in account owner and payment receiver.

How to Withdraw Funds to a Bank Card?

The bank transfer processes contain several simple steps from the user’s side which include more complicated operations than one’s eye meets. At first, the person requests for the withdrawal that does not exceed the current deposit balance, and IQ broker receives it for processing. Then the platform sends a transaction information to the acquiring bank, waiting for its approval. The platform’s request goes through to the issuing bank along with the attached transaction ID to Visa or Mastercard. Lastly, the user receives the payment from the issuing bank without any additional fees attached. For this reason, the process takes around three days to be completed, sometimes not including the weekends or holidays in it.

Status of Withdrawal

There are five general stages the transaction goes through which allow the user to keep the track on the funds status:

1. Requested – assigned automatically after creating the withdrawal request.
2. In-process – accepted by the IQ Broker platform’s administration, charging the funds from real account and sending them to the next destination.
3. Hold – paused because of the ongoing verification, so, once all the documents will be uploaded and reviewed, the transaction will proceed further.
4. Canceled – denied on one of the stages for various reasons, requiring for customer support department to interfere.
5. Funds sent – shown for the cases of successful transferring outside of the IQ Broker system, with a little chance for later cancellation.

After the last update, the transaction can be expected in a day or even less, especially with the e-wallets, or slightly more for the bank card transfers. Do not forget to check the status window occasionally in order to not miss any news about transactions.

What is ARN?

Standing for the “Acquired reference number”, the abbreviation indicates the transaction code for the transfers outside a banking system, involving several establishments and international IPS transmitting. With its help, the operations get a unique number that can be tracked on any travelling point without any reassignments that would let it get lost.

Why my withdrawal request rejected?

Usually, it takes around one day for the transaction to complete the cycle and get accepted by the receiving payment system. However, some of the situations lead to the cancellation of withdrawals from the IQ Broker platform which are usually related to the user’s side or technical issues. The most popular reasons involve:

1. Incomplete transfer verification
2. Ongoing verification process blocking the fund flow
3. Problems with the issuing bank system
4. Incorrectly typed in payment details
5. Technical issues which do not allow to properly update the information

Once any of these problems is discovered, it is essential to contact the customer support team so that they could review the issue and leave the feedback on it. The staff is usually adapted to the region or supports the communication in English language. After describing the situation, preferably with attached images, the managers will check the problem, returning with a clear answer and recommended set of actions for preventing the similar issues.