This article explains how to set up an account with IQ Option if you are from Colombia and ready for a new trading experience on our platform!
Right after signing up, you will get your Demo account credited with $10 000 of virtual money by default. Even if you’ve got a general idea about trading it’s worth checking the platform with the Demo balance first — everything is authentic (charts, quotes, data, tools, etc.), it’s just that you won’t be risking any of your real money there. Having spent enough time practicing with the Demo money, you might be wondering though, ‘How do I start making real investments?’
How to deposit?
This is an inevitable question if you consider your trading activity as an additional income. Indeed, in order to switch to the Real account, you will be expected to make a deposit. The first deposit automatically sets the currency of your Real account on IQ Option. Thus, if you deposit in USD your Real account will be also kept in USD. If you initiate a payment in your national currency, Colombian peso, it will be exchanged into the currency offered by IQ Option platform (USD, EUR, GPB, RUB).
You will have a variety of deposit methods to choose from when it comes to making a payment:
1. Bank card (Visa/ MasterCard), or pre-paid AstroPay Card.
Using the payment methods listed above, you will able to make the minimum deposit of $10. You can double check how deposit system works on the main deposit page. Before clicking ‘Go to Payment’ to initiate a transaction, you will be asked to choose a deposit method and a top-up amount.
How to trade?
It looks like the first deposit has just been made. So, are you all ready to do some real trading? There is nothing to worry about, because your Demo and Real balances are kept for you together within one account. You can switch between them clinking on the Balance button:
IQ Option will give you the chance to invest into different groups of assets and trading instruments: Options, Forex, Stocks, Cryptocurrencies, Commodities, Indices, and ETFs! To learn more about trading techniques, we have prepared these video tutorials for you to expand your knowledge in different aspects of trading such as trend analysis, money management, market news, and many more. Besides, do not hesitate to check our Blog on a regular basis, you’ll find there anything you need about the world of finance!
How to withdraw?
In order to withdraw your funds from IQ Option, you will need to use the E-wallets we work with (AdvCash, Neteller, Skrill, WebMoney). If you used one of them before to make a deposit you will be able to withdraw to the same E-wallet account (i.e. you used Skrill to deposit before, you withdraw to the same Skrill account). If you deposited with a bank card previously you will be able to withdraw to any E-wallet we support.
In general, withdrawals take from 1 to 3 business days. On the withdrawal page, you will be able to check the full information regarding the withdrawal policy and read the FAQ section.