If you have just recently joined the platform and registered your account from an African country, this article is for you. Let’s go over the latest information that can be useful to start trading. You can use this as a guide to your first steps on the platform!
How to deposit?
You probably know that you can use the Practice account on the platform in order to learn and gain experience. However, once you decide to use the Real balance, it is time to make your first deposit.
In order to make a deposit, you need to:
1. Go to iqoption.com
2. Sign into your account with your login and password
3. Click the big green button that says <Deposit>
4. Choose from one of the payment methods available.
There are multiple different methods for making a deposit and you should find the most convenient for you.
First of all, you may deposit with a debit or credit card – Visa or Mastercard. A deposit with a bank card is instant, so it gets credited to you almost immediately. It is also possible to use prepaid cards.
In case you want to make a direct wire transfer, that is also a possibility. You can make a wire transfer to one of the available banks on your withdrawal page. There is a guide on how to successfully make a wire transfer here.
Another way of depositing money is using e-wallets like Neteller, Skrill, Webmoney or AdvCash. They can be registered online for free and topped up with a bank card or direct bank transfer. Once you have deposited money in your e-wallet account, you will be able to transfer money from there to your account with IQ Option. Both wire transfer and e-wallet deposits are instant, so you do not need to wait to use your real balance if you choose so.
The minimum deposit amount is 10 USD\GBP\EUR. You may deposit in your national currency and the funds will be converted to the currency of your account automatically. There are no fees for deposits on the platform whatsoever. The first withdrawal each month is free, the following withdrawals within the month are subject to withdrawal fees spelt on the withdrawal page.
How to trade?
Now you are ready to trade on your Real balance. You can switch between the Practice balance and the Real balance, for that simply click on the balance in the traderoom. There are multiple instruments at your disposal – choose among Binary options, Digital options, Forex, CFDs and Cryptos. You are welcome to open the video tutorials right in the traderoom – you will find mini lessons about each instrument, various patterns and indicators there.
Browse the platform and the blog for more useful materials and contact the Support in case any questions arise – your question will not stay unanswered.
How to withdraw?
The way you withdraw will depend on the deposit method. In case you deposited with a bank card, you will need to withdraw an amount, equal to the amount of deposit in the last 90 days, back to the card. 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. All the rest of funds (or if it has been more than 90 days since the last deposit) should be withdrawn to e-wallets – Skrill, AdvCash, Neteller or Webmoney or via wire transfer to your bank account.
In case you deposited with an e-wallet to begin with, you can withdraw all the funds back to the same e-wallet straight away. If the deposit was made with a wire transfer, you can withdraw back via wire transfer as well. The minimum withdrawal amount is 2 USD. A withdrawal to an e-wallet or wire transfer usually takes up to 3 business days to credit.
