Here is a full guide on how to start using the IQ Option platform for our Indian traders. If you wonder what to begin with, read until the end to have a better understanding on how it all works!
Even before you deposit, you are welcome to use the Practice account balance. It has 10 000 USD of practice money that you can use to learn and train. This money cannot be withdrawn – it is only there for you to practice. This balance is renewable, which means that even if you spent it all, you can always refill it for free. To get to the Practice balance, just open the traderoom – you will see the Practice account balance in the orange colour.
How to deposit?
Once you decide to start using the Real balance, you are welcome to make a deposit to the platform. It can be done in several different ways:
- Bank card (credit or debit) – Visa, Mastercard, Maestro,
- Astropay card,
- E-wallets: Skrill, Neteller, Webmoney, Perfect Money, Yandex.Money, Qiwi.
In order to make a deposit, simply go to the deposit page and choose one of the available options. Fill in the information about your card or e-wallet and choose the amount.
The currency of your account is set at the moment of the first deposit. This means that once you choose the currency – USD, EUR, GBP or RUB and make your first payment, it will not be possible to change the currency afterwards.
In case your bank card is in your national currency, the funds will be converted to the currency of your account automatically, at the moment of the deposit.
The minimum deposit is 10 EUR\USD\GBP. There are no fees for deposits and withdrawals on the platform. If you do not have an e-wallet and you need help in registering it, or if you have any questions regarding the payment methods in general, you are always welcome to contact the Support.
How to trade?
If you are wondering how to start your journey as a trader and how exactly the platform works, do not worry – we got your back. First of all, check out our FAQ. You will surely find answers to most of your questions about the way it all works. Depositing, withdrawing, verification, trading – you name it, there is a high chance the answer is waiting for you there.
Once you start actively using the traderoom, you might have questions about the instruments, indicators and strategies. There are videos on that in the <Video tutorials> section in the traderoom and on the website. You will find explanations of Binary, Digital, Forex, CFD and Crypto, as well as lots of other educational materials.
Do not hesitate to search for information in the blog as well, as there are many interesting and helpful articles here.
Is it legal in India?
Yes, it is completely legal in India, so you are welcome to register your account, deposit, trade and withdraw your profits.
How to withdraw?
Your withdrawal method will depend on the deposit method.
If you make a deposit from the card, you will be able to withdraw initial deposit amount back to the card, as it is processed as a refund. To be precise, you will be able to withdraw the sum of your deposits in last 90 days to your card. Everything that exceeds that amount (profit) should be withdrawn to an e wallet (Skrill, Neteller, Webmoney).
In case you use an e-wallet to deposit, you will need to withdraw to the same e-wallet account only.
In order to withdraw funds, you should make a withdrawal request from the withdrawal page: https://iqoption.com/en/withdrawal
Withdrawals requests are processed from our side within 3 working days.
If you withdraw to the bank card, it will take another 1-9 working days to the bank to process this transaction.
The minimum withdrawal amount is 2 USD, so it is not possible to withdraw less than that. Note, that verification procedure is necessary for a withdrawal of funds.