Contents
- 1 Quick answer
- 2 What IQ Option shows a Nigerian account
- 3 Withdrawal methods and minimums in Nigeria
- 4 Fees: one free withdrawal a month, then 2%
- 5 How long a withdrawal to Nigeria takes
- 6 Before your first withdrawal: verification
- 7 If your withdrawal has not arrived
- 8 Withdrawal guides for other countries
- 9 Frequently Asked Questions
- 10 GENERAL RISK WARNING
Last updated: 8 October 2026. The withdrawal page below was recorded on 8 October 2026 on an IQ Option Practice account registered in Nigeria, over a Nigerian connection, and the conditions come from IQ Option’s official withdrawals page for that account, read on 4 October 2026. The account held no real money, so IQ Option showed the list of methods but no form. We did not withdraw anything.
To withdraw from IQ Option in Nigeria, you open the withdrawal page, choose a Nigerian bank, OPay, a card, an e-wallet or crypto, enter the amount and confirm. Nigerian banks, OPay and crypto start at ₦15,500, cards and most e-wallets at ₦14,000. The first withdrawal of each calendar month is free; later ones cost 2%, at most ₦47,620. IQ Option lists 1 to 24 hours for four banks, OPay and the e-wallets, and 1 to 3 business days for First Bank. This guide shows what the withdrawal page of a Nigerian account lists, the official minimums, the fee and the times, and what to check if a withdrawal is late. The steps are the same in every country; the general withdrawal guide shows each one.
To withdraw from IQ Option in Nigeria, you open the withdrawal page, choose a Nigerian bank, OPay, a card, an e-wallet or crypto, enter the amount and confirm. Nigerian banks, OPay and crypto start at ₦15,500, cards and most e-wallets at ₦14,000. The first withdrawal of each calendar month is free; later ones cost 2%, at most ₦47,620. IQ Option lists 1 to 24 hours for four banks, OPay and the e-wallets, and 1 to 3 business days for First Bank. This guide shows what the withdrawal page of a Nigerian account lists, the official minimums, the fee and the times, and what to check if a withdrawal is late. The steps are the same in every country; the Quick answer
- Fee: one free withdrawal per calendar month, whatever the method; after that 2%, at most ₦47,620 (or $30, €30, £25).
- Minimum (official table): ₦15,500 to the five Nigerian banks, OPay and crypto; ₦14,000 to cards, Skrill, Volet.com and WebMoney; ₦14,449 to Neteller.
- Banks: the table lists Guaranty Trust Bank, Zenith Bank, United Bank for Africa, Access Bank and First Bank; the account’s own list had nine more names, such as Kuda, Moniepoint and Wema.
- Time: 1–24 hours for four banks, OPay and the e-wallets; First Bank 1–3 business days; a card can take up to 21 calendar days at your bank; IQ Option asks you to allow up to 3 business days.
- PalmPay and Bitcoin: not in IQ Option’s official table, but both were on the withdrawal page of our Nigerian account on 8 October 2026 (1 to 24 hours).
- Empty balance: the withdrawal page shows “You cannot withdraw funds because your balance is 0” instead of a form.
What IQ Option shows a Nigerian account
We opened iqoption.com/en/withdrawal on 8 October 2026 from a Nigerian connection, logged in to a Practice account registered in Nigeria. The real account held ₦0.00, so the page showed the method list and no form.
- The page. The heading is Withdrawal, with the notice that you have 1 free withdrawal until the end of the calendar month (1). The column on the left (2) lists the methods with their processing time. The panel on the right shows the selected one, Guaranty Trust Bank, with “You cannot withdraw funds because your balance is 0” (3) and a Withdrawal Conditions link (4) that opens IQ Option’s official table.
- The list. The list had 25 entries, all at “1 – 24 hours”: Guaranty Trust Bank, OPay, Zenith Bank, United Bank For Africa, Access Bank, Fidelity Bank, ECOBANK, First Bank PLC, Kuda Microfinance Bank, Union Bank PLC, Jaiz Bank PLC, Moniepoint, Wema Bank PLC and PalmPay (1); then Tether (USDT) TRC20, Bitcoin (BTC) (2), Ethereum (ETH) ERC-20, USD Coin (BNB Smart Chain), Ripple (XRP), Cardano (ADA) and Litecoin (LTC); then Neteller, Skrill, Volet.com USD and Webmoney WMZ. Volet.com USD was marked “Under Maintenance” that day. The list had no Visa/Mastercard entry.
- Requests and questions. Below the list, the Withdrawal requests panel (1) was empty (“No requests”). Under it, the page’s Frequently Asked Questions (2) are IQ Option’s own; some of them mention 150.00BRL, a Brazilian figure that does not apply to a Nigerian account.
This in-account list is longer than IQ Option’s official table, and it differs from it. It has eight Nigerian names the table lacks (Fidelity Bank, ECOBANK, Kuda, Union Bank, Jaiz Bank, Moniepoint, Wema Bank and PalmPay), it shows First Bank PLC at 1 to 24 hours instead of the table’s 1 to 3 business days, and it lists Bitcoin, which the table does not. The table has Visa/Mastercard, which the list did not show. We could not open a form to test a withdrawal, so check your own withdrawal page for the methods your account can use.
Withdrawal methods and minimums in Nigeria
IQ Option’s official table for our Nigerian account lists these methods. The minimums are in naira for a naira account, and in dollars, euros or pounds for an account in those currencies.
| Method | Minimum withdrawal | Time shown |
|---|---|---|
| Banks: Guaranty Trust Bank, Zenith Bank, United Bank for Africa, Access Bank | ₦15,500 ($12, €10, £10) | 1–24 hours |
| Bank: First Bank | ₦15,500 ($12, €10, £10) | 1–3 business days |
| OPay | ₦15,500 ($12, €10, £10) | 1–24 hours |
| Visa/Mastercard | ₦14,000 ($10, €10, £10) | Instant on IQ Option’s side; up to 21 calendar days at your bank |
| Skrill, Volet.com USD, WebMoney | ₦14,000 ($10, €10, £10) | 1–24 hours |
| Neteller | ₦14,449 ($10, €10, £10) | 1–24 hours |
| Crypto: Tether (USDT) TRC20, Ethereum ERC-20, USD Coin (BNB Smart Chain), XRP, Cardano, Litecoin | ₦15,500 ($12, €10, £10) | 1–24 hours |
The table and the account’s own list do not agree (see the first section). PalmPay is not in the table but was on the withdrawal page of our account; Apple Pay and Google Pay, which the Nigerian deposit guide covers, are deposit-only.
Fees: one free withdrawal a month, then 2%
The notice at the top of the withdrawal page says: “You have 1 free withdrawal(s) left until the end of the calendar month.” After the free one, each withdrawal in that month costs 2% of the amount, at most ₦47,620 on a naira account ($30, €30 or £25 on an account in those currencies). A second withdrawal of ₦100,000 costs ₦2,000; one at the ₦15,500 minimum costs ₦310. The cap is reached at ₦2,381,000: a withdrawal of ₦3,000,000 costs ₦47,620, not ₦60,000. Your Nigerian bank, OPay or card issuer may charge its own fee. Our fees guide covers the other costs.
How long a withdrawal to Nigeria takes
- IQ Option’s processing: up to 3 business days for every request, according to the notes under the official table and the help centre.
- Banks and OPay: the table lists 1 to 24 hours for Guaranty Trust Bank, Zenith Bank, United Bank for Africa, Access Bank and OPay. First Bank is listed at 1 to 3 business days.
- Cards: shown as instant, but the bank that issued the card can take up to 21 calendar days. IQ Option cannot speed that up.
- E-wallets and crypto: 1 to 24 hours in the table; the help centre says the money reaches an e-wallet within about a day of IQ Option completing the request.
Before your first withdrawal: verification
IQ Option’s help centre says you need to verify your identity before you can withdraw: a photo of an identity document, and, if you deposited by card, both sides of the card with the CVV hidden. Documents are checked within 3 business days, so verify before you need the money. See our account verification guide.
If your withdrawal has not arrived
- Check the status. In the Withdrawal requests panel on the withdrawal page, Requested and In process mean IQ Option is still handling it; Funds sent means it has paid out.
- Check the method. First Bank is listed in business days, and a card can take 21 calendar days.
- Check the amount. Each method has a minimum, and the amount cannot exceed your balance.
- Contact support. Use the chat inside the platform (Chats & Support in the left sidebar) or write to support@iqoption.com. See our support guide.
Withdrawal guides for other countries
The banks, wallets and minimums depend on the country your account is registered in. Our other withdrawal guides, recorded the same way:
- Brazil: 18 banks, cards, Skrill
- Malaysia: 6 banks, cards, e-wallets
- Thailand: 9 banks, cards, e-wallets
- Philippines: GCash, Maya, 8 banks
- South Africa: 6 banks, cards, e-wallets
- Colombia: Nequi, Bre-B, 5 banks
- Vietnam: 7 banks, cards, e-wallets
- United Arab Emirates: Cards, e-wallets, crypto (no banks)
Every country guide is in the grid on the IQ Option withdrawal guide.
Depositing first? Read the Nigeria deposit guide.
Frequently Asked Questions
Q: What is the minimum withdrawal from IQ Option in Nigeria?
A: IQ Option’s table shows ₦15,500 for the five Nigerian banks, OPay and crypto, ₦14,000 for cards, Skrill, Volet.com and WebMoney, and ₦14,449 for Neteller, on a naira account.
Q: Which Nigerian banks can I withdraw to?
A: Guaranty Trust Bank, Zenith Bank, United Bank for Africa, Access Bank and First Bank are in the official table. The first four are listed at 1 to 24 hours and First Bank at 1 to 3 business days.
Q: Can I withdraw to OPay or PalmPay?
A: OPay is in the table, from ₦15,500 at 1 to 24 hours. PalmPay is not in the table, but it was on the withdrawal page of our Nigerian account on 8 October 2026, at 1 to 24 hours. Check your own list.
Q: Is there a fee to withdraw from IQ Option in Nigeria?
A: One withdrawal per calendar month is free. After that IQ Option charges 2%, at most ₦47,620.
Q: How long does a withdrawal to a Nigerian bank take?
A: IQ Option asks you to allow up to 3 business days to process the request. The table then lists 1 to 24 hours for most banks and 1 to 3 business days for First Bank.
