Quick Option is one of newest binary options brokers on the market whose offer has an interesting twist – this is the first company to deal exclusively with binary options trading on mobile devices. Because of this innovative approach, Quick Option has quickly made a name for itself among traders since people behind this broker are very experienced traders, themselves. This group of people recognized the place mobile technology has in our everyday life and invested a lot of time and energy to produce a superb trading app which allows their clients to have a great trading experience even when they are on the go. You can read all the interesting details about this broker in our Quick Option Review , as this article will focus on Quick Option withdrawals only.
Quick Option Withdrawal | Features
You will be happy to know that Quick Option withdrawals will not charge you a single cent for this kind of transactions. Apart from that, having immediate withdrawals enabled to their clients is also one of the features that make this broker stand out of the crowd. As for the methods of withdrawal, traders can choose between bank wires and various credit cards, including Visa, MasterCard and Maestro. These methods mirror those allowed for Quick Option Minimum Deposit , so you should have no problems performing both types of transactions with the same credit card. This keeps things very simple, saves you a lot of valuable time and generally makes your trading experience with this broker very pleasant.
Quick Option Withdrawal | Safety
Since the company is still relatively new on the market, it is extremely important that all Quick Option withdrawals are extremely safe. Any security problems would not only hurt the traders, but also deal a devastating blow to the company’s reputation. Luckily, Quick Option team understands this perfectly and has set up multiple levels of protection to keep all of their clients’ funds perfectly secure. A 256-bit SSL system makes sure that all of your personal and account information is encrypted at all times, while a fully automated tracking system makes sure that all transactions are completely transparent. In addition, the company has also been regulated by CySEC which means that it has fulfilled all the requirements of the European Union and is now free to conduct it business in each of the 28 member states.
QuickOption Home Page
Quick Option Withdrawal | Conclusion
In conclusion, we can only say that Quick Option withdrawals are everything we expected from this broker and much more. The level of security implemented to protect all your transactions shows us that this company really has it clients’ best interests at heart and when you consider that Quick Option withdrawals are also completely free, you know you can expect an absolutely superb service. These people understand the role technology plays in the world today and will do their best to help you access your market at literally any time. Don’t hesitate, open an account with them now and enjoy the latest technological advances in binary options trading!
Available payment methods
This is a complete list of supported payment methods. We’ll show you which payment methods are available in your location on the deposit page.
Please do not share your bank account, credit card, or e-wallet with another client, as this may cause delays in your withdrawals.
Currencies Min Deposit Min Withdrawal Processing Time* Reference
Deposit: 3 blockchain confirmations Withdrawal: 1 working day
Deposit: 3 blockchain confirmations Withdrawal: 1 working day
Deposit: 3 blockchain confirmations Withdrawal: 1 working day
Deposit: 3 blockchain confirmations Withdrawal: 1 working day
Note: Figures have been rounded.
The minimum amount for withdrawal will vary depending on the latest exchange rates.
Your withdrawal will be processed in one business day (Monday to Friday 9:00 am–5:00 pm GMT+8) unless stated otherwise.
Additional processing time may be required by your bank or money transfer services for the funds to be credited to your payment account.
Partner With Us
In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).
Outside the EU, financial products are offered by Binary (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).
This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, Japan, or to persons under age 18.
The products offered via this website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.
In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).
In the Isle of Man and the UK, Synthetic Indices are offered by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles; licensed and regulated respectively by (1) the Gambling Supervision Commission in the Isle of Man (current licence issued on 31 August 2020) and by (2) the Gambling Commission in the UK (licence reference no: 39172).
In the rest of the EU, Synthetic Indices are offered by Binary (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta; licensed and regulated by (1) the Malta Gaming Authority in Malta (licence no. MGA/B2C/102/2000 issued on 01 August 2020), for UK clients by (2) the UK Gambling Commission (licence reference no: 39495), and for Irish clients by (3) the Revenue Commissioners in Ireland (Remote Bookmaker’s Licence no. 1010285 issued on 1 July 2020). View complete Regulatory Information.
Binary.com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, or to persons under age 18.
Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with Binary Investments (Europe) Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Deposit and Withdrawal Options
Trading binary options is an exciting and often fast-paced way to make money. But before you can get to this point, there are some things that need to be taken care of. Banking is one of the biggest issues that traders need to address, and this includes both deposits and withdrawals to and from a trading account. If you’ve never used a binary options broker before, you likely have some questions about this. Hopefully, we can answer all of those questions here. We encourage you to speak with a customer service representative at the broker you’re thinking of using before you make a deposit if you have any further questions.
Making a deposit at a binary options broker is pretty simple, but it’s not always an immediate process. First, you need to create an account with the broker of your choice. You will need to supply your name, country of residence, email address, and create a password. These are the bare minimum things that all brokers require, although most require a bit more info than this.
Next, you will need to make your first deposit. Before you do so, be sure that this is the right broker for you. If they have a demo trading account, use it extensively before you make a decision. Some brokers will require that you make a deposit before you can gain access to the demo account. In these cases, make the minimum deposit. If you don’t like the broker’s platform after demo trading, just withdraw your deposit.
When you’re completely sure that you’re at the right broker, then go ahead with your deposit. Select the currency that you will be using. Once you do this, it is not something that can be changed. Usually, this is an easy decision. Now, decide how you’re going to fund your account. All brokers accept deposits via credit card and wire transfer, and most allow you to use various e-wallets like CashU, Skrill/MoneyBookers, and Neteller. The correct deposit method will vary from person to person. Credit cards and e-wallets ensure that funds go on your account instantly, but wire transfers take a bit longer. Again, the right method will depend on you and your needs.
When you are selecting a broker, you need to be positive that it’s the right broker for you. There are several things to consider, but the big ones include the legality and the reputation of the broker, whether or not the broker offers good rates, and whether or not they have the underlying assets and the trade types that you want to use. There are a number of other factors, but these are the big ones and should be your primary focus before looking at the other influential factors that will sway your decision.
The withdrawal process tends to be very easy if you go through a legal, regulated, and reputable broker. Most of the time, you will just need to click a few buttons, type in the amount that you wish to withdraw, click a few more buttons, and then wait for the money to show up in your account. Most reputable brokers can get your money to you in a week or less.
Any broker that is worth using will require you to submit paperwork before they will process your withdrawal request. This involves a government issued ID, proof of residency (a copy of your utility bill with your house address on it works fine here), and if you used a credit card, a copy of the front and back of your card. This is to prevent fraud and these documents have become the industry standard for binary options traders to prove that they are who they say they are.
Our recommendation? We suggest turning in your paperwork as soon as you can after you’ve made your initial deposit. This way, you’ll be sure to have all of the kinks worked out before you need to make a withdrawal. If there are any issues, a customer service rep will alert you and you can fix them before it becomes a pressing matter.
Things to Look Out For
Most brokers require that you use the same method that you used for a withdrawal that you used for the deposit. This can present a problem if you are withdrawing more than what you deposited with a credit card as most brokers will not allow you to withdraw more than what you deposited with a card because it presents them with extra fees. In this event, you will need to make your withdrawal to your card first, and then use an alternate withdrawal method afterward. Depending on the broker, this could create an extra fee for you. Plus, many brokers charge hefty withdrawal fees when you use a wire transfer or make more than one withdrawal in a month. More often than not, while a credit card deposit is a quick way to get started, it can create issues down the road. They are easily surpassed in most instances, but it’s important that you check with your broker first so there are no unpleasant surprises when it comes to getting your money back where it belongs: in your pocket.
Another thing to pay attention to is the trade through requirements that accompany bonuses. Because of changing laws, not as many brokers currently offer signup bonuses as used to, but some still do. If you have a bonus in your account, you might not have fully earned all of your bonus cash yet. There is typically a 30 to 40 times trade through bonus, so if you have a $1,000 bonus waiting in your account, you will need to have traded at least $30,000 before that $1,000 is yours to keep. Bonuses shouldn’t be a huge concern to you, but don’t be surprised if they aren’t as easy to get as you had originally thought. Keep this in mind as you go about making your withdrawal so you can avoid the disappointment of losing this.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
FREE $10,000 demo account
Award-winning trading platform
Licensed and regulated broker
Deposit and Withdrawal Methods in Binary Options
By Markus Silvester – July 14, 2020 10:52 am
Due to the development of technology, people are daily faced with various forms of payment. It has been a long time ago when people were using cash transactions and bank payment at the counter. Nowadays, there are a variety of possible payment methods, used among people worldwide both globally and locally. In this article, we will provide you information on different payment methods in UK, USA and in other countries in the world, as well as the list of most popular payment methods. The development of online payment systems has enabled people to invest their money without any difficulties deposits with the binary options brokers. We will explain in more details what kind of payment methods exist in the world and which ones are most commonly used.
Binary options traders worldwide use a wide range of possible payment methods; debit and credit cards, bank wire transfer and e-wallet. More information will be provided regarding online payment methods in binary options industry and its wide spectrum of companies, which offer such payment type. E-commerce payment system is actually an electronic payment for any online transaction done. Binary options brokers, who want to be present in the global market, should have in mind many advantages that online payment methods offers. This will greatly speed up and ease the payment process between customers and businesses.
Binary Options – Debit and Credit Card Payment
Debit card, also known as a bank card is a card with which the cardholder makes payments directly from the bank account. Use of debit cards is very popular payment type, which binary options traders use instead cash payments. Main difference from credit card is that when withdrawing money, one is directly taken from the account and not upon due date later on. Maestro is the most used debit card, especially in Europe.
On the other hand, credit cards are issued by local banks, where cardholder has to pay the amount in full once a month at the chosen due date. With credit cards it is also possible to withdraw funds through ATMs. Some of these credit cards are: Mastercard, Visa, American Express etc. Mastercard and Visa are mostly popular in European countries. They don’t need too much introduction since everyone knows how to use them. Although there are another online deposit and payment methods, credit cards are still considered to be the world’s most popular payment option. This is mostly because people worldwide are for years now, used to the credit cards payment and most important, satisfied with this payment type. In binary options world, card payment in the most used deposit and payment method and binary traders use a variety of possible debit and credit card types.
How is it that online payment methods recorded increasing popularity? We believe that one of the key elements of online payment system is the fact it is the easiest and quickest way to make payments through different locations. This is especially visible in Europe because not all countries have the same level of popularity in payment options. In countries like UK, France, Germany, Italy and Spain paying with credit cards is still the most used payment method.
General use of payment methods was:
UK – 75% debit/credit cards, 20% PayPal
France – 57% debit/credit cards, 25% PayPal
Germany – 46% bank wire, 26% other and 9% debit/credit cards
Italy – 73% debit/credit cards, 18% PayPal
Spain – 37% debit/credit cards, 23% cash
Binary Options – Bank Wire Transfer
Wire Transfer is a online payment method from one bank to the another bank in the same day. Many binary options traders prefer to use bank wire in order to deposit their money with the chosen binary options broker. Bank wire is the slowest and probably the most complicated way to deposit in binary options. It can also carry significant banking fees. Usually brokers do not charge fees when depositing via bank wire, however, many brokers require fees when withdrawing money via bank wire. It may take several days until the bank processes the requests and the money lands on the trading account with the binary broker.
For you to wire money, you need to submit several important information, such as bank name and SWIFT number, account number, bank address and phone number. In accordance with their business, banks charge customers with a certain fee, depending on is it coming or outgoing wire transfer. For coming transfer, fee is $13, while for outgoing is $25 and international transfers $40.
E-wallet – the fastest payment method in binary options
In addition to card payment and bank wire transfer, another additional online payment method appeared among customers, who prefer online payment system. Let us introduce you to E-wallet. E-wallet is among the most popular and easiest ways for online payment. Idea is to create virtual account, where one will fill up with money and afterwards, it is possible to make payment in stores and online businesses. Nowadays, not everything is about debit and credit cards. E-wallet payment is very popular both in Europe and USA. There is a variety of e-wallet providers who offer their services to the people worldwide. Further in this article, we will handle more closely what are the most popular types of this payment method.
In online business, e-wallets are the most common choice. Payment is easy and secure due the fact they use a highly developed technology and top notch security system. You are probably asking yourself. where to begin? First, you have to choose the best suitable online payment provider. To be able to have e-wallet account, one must sign in. Log in is a simple process where in just few steps, account is created. Once you are logged in, you don’t have to insert credit card details for every transaction made.
This way, online payment is simplified and quick. With some e-wallet provider, there is no needed minimum amount to be paid, and some require very low amount, such as $10. This online payments method requires from the payment provider to set up an account in the bank and then and then those services offer to their customers. It is provider’s choice to have a possibility of card payments on their account. If they support credit card payments, it is required to have a so called, merchant account, opened in the acquiring bank. Basically, these online payment providers earn money on enabling e-business to use their merchant account.
The world’s most popular e-wallet providers are: PayPal, Skrill Moneybookers and Neteller. There is also a wide range of other providers, but there are more localized (different European countries). Above mentioned companies are well known among people all around the world.
PayPal is probably the most popular online payment method in the world and very often used in binary options trading. Traders can deposit and withdraw their money through PayPal. It is considered to be a safe way for an online payment. Founded back in 1998, PayPal offers customers several ways to perform payment; such as bank accounts, credit cards and PayPal Smart Connect. In a short period of time, they achieved great popularity and are available in 190 countries with 24 different currencies. PayPal payment is secure, because of its Buyer Protection. Registration process is quick and easy and requires several information to be submitted: credit card details, proof of identity with username and password. It is also possible to have PayPal Mastercard, which can be used in online shopping. There is no fee for open a PayPal account. However, in personal payments, in US fee is charged 2,9% + $0,30 of the sent amount for those who use credit card. Same thing is with receiving money. International payment is available and fee depends on the exchange rate of a particular country. With withdrawal money, one can submit withdrawal request with no fee from PayPal account to the chosen bank account, without the check, otherwise fee is $1.50. PayPal is especially popular in USA, but also in Europe. Nowadays, a lot of new payment providers appeared, so PayPal isn’t the only one anymore.
Back in 2002, moneybookers.com domain started with online payment method. In 2020, they rebrand their service as Skrill. Up till now, Skrill is available in 200 countries with 40 different currencies covered. Skrill supports debit and credit cards. To open a Skrill account, you have register with email and provide certain personal data and afterwards activate the account. Once logged in, you can see the account balance and when you send money, it will arrive instantly. The basic fee is only 1%, maximum $10. For sending money internationally, exchange rate usually start around 2.99%. Customers can choose, whether they wish to spend the money or withdraw it. It is possible to access the money via Skrill Prepaid Mastercard or the money will arrive on the bank account. With their Mastercard, customers can use over 1.9 million ATMs around the world.
Initially, Skrill became very popular in the gaming world and now is one of the leading e-wallet payment methods worldwide. Reason why customers use Skrill payment is because of its simplicity, low commission fees and immediate transfer of funds. This e-wallet is very popular and often used deposit and payment method in binary options industry. Majority of binary brokers offer their registered traders to deposit and withdraw funds in binary options via Skrill Moneybookers. Few binary options brokers who offer Skrill payment method are:
As Skrill’s rival, Neteller is also considered to be one of the leading online payment providers. They provide customers with Neteller Mastercard for quick payments and possibility to withdraw money on ATMs worldwide. For money transfer, there is no fee and for Mastercard, fee is 4 EUR on ATMs. For currency conversion, 2.95% fee is required. Founded in Canada, Neteller is also gain popularity in the world of online casinos and later on, people worldwide started to use this company for their personal payments.
In the last several years, binary options industry appeared on the financial market as the new online type of investment. While choosing the best suitable binary options broker, it is important to be aware of potential risk, when we talk about online business. This is why security is the main goal of all reliable binary options brokers. Binary brokers, such as 24option, IQ Option etc. offer their registered traders safe and high developed trading platform, where they can without any fear deposit and withdraw money. Majority of binary brokers operate internationally and for this reason they want to provide the best and the quickest way for traders to receive their funds. So in this industry, popularity of e-wallets is widespread. As mentioned above, there are different possible online payment methods, from credit card payment and bank wire to the e-wallets. The last one is the most popular and most used, due to its simplicity and speed. This payment system is well known and used among traders worldwide, who on this way deposit money to able to trade with binary options and later on withdraw their funds.
Withdrawal in Binary Options
Withdrawals are always a topic that is interesting to customers since it is the moment when they get to take their profits home. Many binary options brokers do not charge fees for withdrawals, however, some of them require percentage based fees for withdrawing to credit cards or e-wallets. Most brokers, however, charge fees when traders withdraw their funds via bank wire. These fees range from zero to $30, while only in rare cases does one encounter huge fees that reach $40 or $50 per request. This is used by brokers to cover their own banking expenses. Since many brokers offer free withdrawals with some advanced account types, there is a way for the customer to avoid these fees if they deposit more with such brokers. Some other binary brokers guarantee one free withdrawal per month. So there is a way to escape paying the fee even with the bank wire withdrawals. Entire process of withdrawing funds is usually up to 3 business days, from submitted form to the money visible on the account and all the business is done securely over the Internet. Although these e-wallet providers do charge small fee amount, traders benefit from such payment option, because it gives them far more advantages, such as real time money transfer and simplicity.
Prefered Online Payment Methods in the USA and Europe
Years ago, In USA people carried out their payments with credit cards. But lately with appearance of e-wallets, things have changed. Credit cards stopped being the most common payment option and PayPal became top e-wallet provider. In survey conducted in 2020, 79% of respondents said they are using PayPal, while the rest uses other e-wallet providers. On the other hand, Europe is a completely different market. In Europe people use different payment methods; debit and credit card, bank wire transfer and also e-wallets. Unlike situation in the USA, Europe is diverse market and most payment methods are localized per country.
Binary Options Payment Methods in UK
UK is the Europe’s largest and most advanced economy, in regards with online payment methods. In the United Kingdom and Ireland, almost half of online transactions are made via credit cards and debit cards also. PayPal is the third choice of online payment methods. It is considered that in UK there are approx. 23 million PayPal accounts. Other alternatives aren’t spread much so we can say that those three methods hold very high ranking. In Ireland, Irish debit card Laser is quite popular among customers.
Binary Options Payment Methods in Germany
In Germany, prefered payment method is bank transfer. 58% of Germans uses this payment type, while 35% use credit card payment (Visa, Mastercard and American Express). E-wallets are also used, but aren’t so popular as previous mentioned payment types. Germans use ELV, PayPal, Sofort Uberweisung, GiroPay and RatePay, as alternatives ELV is German direct debit card GiroPay a payment method, where consumers use direct online bank transfers. Less than 10% of Germans use credit cards. For more on binary options in Germany, visit our German site.
Binary Options Payment Methods in France
In France, debit and credit card payment is the most popular deposit and payment method. 57% French use Carte Bleue, Mastercard, Visa and American Express. Carte Bleue is the most used card in France; a debit card which allows online transactions without required permission of cardholder’s bank. Other alternative payment methods are: PayPal, bank wire transfer, uCash and Allopass (payment via phone and SMS).
Binary Options Payment Methods in Spain
Just like in France, debit and credit cards (Visa and Mastercard) are also first choice in online payment system with 97%. Other alternative methods are Allopass, PayPal and Teleingreso (popular in online gambling industry with more than 3000 ATMs).
Binary Options Payment Methods in Italy
Italians prefer credit card payment as well as PayPal. About 73% use credit cards, while 18% PayPal. The most popular credit cards are: Mastercard, Visa, Carta Si, Poste Pay, Diners Cloub and American Express.
Binary Options Payment Methods in Russia
In Russia, there are several different popular payment methods. Russian use QIWI, Yandex Money, WebMoney and also credit cards. But majority Russians prefer e-wallet payment methods due to its simplicity. Binary options brokers offer Russians a variety of different e-wallet providers, such as Yandex.Money, WebMoney, Qiwi, Moneta.ru, PayPal, Z-Payment, Skrill Moneybookers and RBK Money.
Binary Options Payment Methods in Denmark/Sweden/Finland
Scandinavians prefer credit cards (Visa and Mastercard) as their favourite and most popular payment method. In Finland and Sweden, 35% of people use bank wire, besides credit cards. In Denmark, especially popular payment method is Dankort. Dankort is an international debit Visa card, very popular payment method in Denmark. With this card, you actually get two cards in one (both debit and credit card). In Denmark, one can use it as ordinary debit card, while internationally, people can withdraw money in banks and ATMs. Abroad, it is possible to choose between Danish Kroner or local currency. Another e-commerce company is Klarna, established in Sweden. Approx. 20% Swedes use Klarna as their payment method. It is also used in Finland, Norway, Denmark, Netherlands, Germany and Austria.
Binary Options Payment Methods in Benelux Countries
The Benelux countries are consisted of three countries (Belgium, Netherlands and Luxembourg) and each one of them has it own prefered payment system. In the Netherlands, people mostly use iDEAL, (operating since 2005) as their main payment system, based on online banking. iDEAL enables customers to make purchase using direct online bank account transfers. Since 2005, they have more than 400 million transactions. In Belgium, the most popular methods are credit cards and bank wire transfers, while in Luxembourg are also credit cards (Mastercard, Visa, American Express and JCB).