You live in Malaysia and want to trade with IQ Option? You would like to trade but do not know how to start? Very well, because this guide is exactly for you! Here you will find the full overview of the most important information for you to make the first steps on the trading platform!
As a new trader on IQ Option, you will have the chance to train your skills with an unlimited Demo account credited for you with $10 000 of virtual money by default (you will be able to top it up with some more virtual money if your Demo balance is over). It might take some time for you to get used to the platform better, but do not worry! The more trading opportunities you explore, the more beneficial it might be for your overall experience.
How to deposit?
If you feel ready to start some Real trading, you can make your first deposit to switch to your Real account. You can deposit in Malaysian Ringgit (MYR).
There are different deposit methods available for you in Malaysia:
1. Wire transfer from your Bank account in Malaysia to your IQ Option account.
Very popular: fast (1 – 5 minutes), secure and very straightforward to use.
We accept transfers from the following Malaysian banks: AmBank, CIMB Bank, Hong Leong Bank, Maybank, Public Bank, RHB Bank.
The minimum deposit is 50RM or $15.
2. Bank card (Visa/ MasterCard) or pre-paid AstroPay Card.
The minimum deposit is 40RM or $10.
All in all, you can check the full list of these payment methods once again on the deposit page. In order to process a transfer, you will need to choose the deposit method you prefer and enter the amount of money to be credited.
After clicking on ‘Go to payment’, you will be asked to enter all the details regarding your payment method (for example, your bank account details for Wire transfer or login credentials for your E-wallet). You are welcome to check this article on how to fill in bank details for Wire transfer.
How to trade?
So, you are all set to start trading with your Real account. On IQ Option, you will have the opportunity to trade with Options, Forex, Stocks, Cryptocurrencies, Commodities, Indices, and ETFs – you can check all of them and see what suits you best! By the way, your Demo account it still there, you can switch back to it easily in order to try different tools and instruments with the virtual balance:
Without doubt, trading might be challenging (especially if you are a beginner), so don’t hesitate to use these video tutorials to learn the basics and expand your knowledge in the market analysis. Besides, check the Platform for the latest updates, explore the Blog for the market news or contact our Support for more guidance – eventually, you will find your way in the world of trading!
How to withdraw?
Essentially, withdrawals are very similar to deposits.
1. Wire transfer from your IQ Option account to your Bank account in Malaysia.
Again, the same banks in Malaysia as for deposits.
Withdrawal time: from 1 to 3 business days (including the verification).
2. Refund of the initial deposit to the same Bank card used for deposit.
If you make a deposit using your Bank card you will be able to withdraw only the same amount you deposited to the same Bank card within 90 days since your last deposit. This process may take a little longer than expected, depending on your bank. 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.
In order to withdraw your net profit (the amount that exceeds your initial deposit) or after 90 days since your last deposit, you will be able to withdraw any amount you’ve got on your balance to the E-wallets we work with (Neteller, Skrill or WebMoney). Please note, AstroPay Cards do not receive refunds, so if you deposited with that, you will also be able to choose between E-wallets and Wire transfer.
3. In case you deposited with such E-wallets as Neteller, Skrill or WebMoney, you will be able to withdraw any amount you’ve got on your IQ Option balance to the same E-wallet account. In general, withdrawals to E-wallets take from 1 to 3 business days (including the verification).
The minimum withdrawal for all the withdrawal methods mentioned above is 8 RM or $2. You can make a withdrawal request and check FAQ for more information on the withdrawal page.Start trading