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 This money cannot be withdrawn – it is only there for you to practice.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,
- UPI, Rupay, NetBanking,
- E-wallets: Skrill, Perfect Money, Webmoney, Advcash
- BTC deposit (will be converted to fiat money)
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 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?
Trading with IQ Option is not forbidden 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, Qiwi, Advcash).
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, IQ Option immediately transfers the money to your bank. But it may take up to 21 days (3 weeks) to transfer money from the bank to your bank account.
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.
Trade now
Hello team iq
Very helpful for me to hear from you that it’s legal In India cuz there’s tons of debate in google sites etc some says legal some says illegal but finally got confirmed from iq platform is tensed free.
Hello, dear Amit!
Thanks for reaching out to us! We wish you lovely trading experience with IQ Option and a great day!
Hii
Hi, how’re you? What can we do for you?
Hii
Hello, any questions for us 🙂 ?
If Income Tax takes action against me for the trading I am doing? Car binary trading is not official in India. So what can you do for the safety of your clients? And how can I avoid that action?
Hello! Thank you for your feedback and question. We are not legal advisers thus can not comment on the local laws of any country. We are operational in India though, and have many traders from India who never faced any issue.
If Income Tax takes action against me for the trading I am doing? Because binary trading is not official in India. So what can you do for the safety of your clients? And how can I avoid that action?
Help
Hi, how’re you? What can we do for you? 🙂
My account is blockd can i get back
And that is my phone number 0046700248659
Hello Dear, how are you doing?
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.
Which time Forex market open for india?Also closed time
10$ NOT WITHDRAW
Hello Gautam, how are you doing?
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.
Can I get a free laptop
Hey hi Krati, how are you? We do not give laptops or such giveaways, if you have any question related to the trading platform then you can contact us anytime at support@iqoption.com
what am i to say to bank if i earn a lot of money from iqoption.
Thank you for reaching out. We would like to chat with you regarding your experience with us. Could you contact us at support@iqoption.com? Thank you 🙂
hi,
i wish to deposit with my bank card,
coz i have problem with skrill verification.
pls confirm , withdraw to bank only one time or n number of times
Hey hi! We will explain you the withdrawal procedure in detail.
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. 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 (which is basically your profit) should be withdrawn to an e-wallet or other available options.
Hello, I am planning to day-trade on forex, can somebody please suggest me some good websites to learn more about the technical aspects of short-term trading like scalping. I have already seen the videos provided here, but I also need more info on indicators and its usage.
Thank you in advance!
Hello Jayant, did you check the blogs on our website?
We have blogs on various indicators and how they work.
Thank you! I was able to start off learning about trading with the blogs quite fast.
I have another query, why is USD/BRL binary trading market not available for the next coming week as shown in info (mentioned in trading conditions under info tab of the currency) ?
If so, when will I be able to trade the same?
Please mention the conditions for trading.
Thank you again in advance!
Hey hi again Jayant, we are glad that the information was helpful.
Regarding assets, then many of the assets are closed because of holidays, you can find it in the asset list, the time remaining for each asset when it will be back.
You can also message us at support@iqoption.com or in live chats for further assistance.
Thank you! I will be asking the same on website you mentioned.
Sure Jayant 🙂 We thank you for your understanding.
Also, can you tell me what happens to USD/BRL pair from 21:00 hrs to 12:00 hrs (UTC) (3:30 hrs to 17:30 hrs (UTC +5:30)). And there are no charts for the currency pair for the above time in any website except yours (what I have searched(eg.investopedia)) . As the forex market is said to be 24/5, this seems to be not the case with above pair. Can you explain?
This seems the case with all the new exotic pairs too, of course different timings for different pairs.
So, can you please delete the above comment, as it is irrelevant. If I’ll have to do it, please tell me how?
Thank you! I will be asking the same on website you mentioned.
Hello again, as you’ve suggested I mailed to the website thrice and first mail was on 25th DEC, but I didn’t receive a reply till now
Can you please tell me when will be able to get a reply?
Hi Jayant, please check your spam / trash folder. You can also call us at our helpline number 🙂