If you have just recently joined the platform and registered your account from South Africa, 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, Mastercard, Maestro. A deposit with a bank card is instant, so it gets credited to you almost immediately. It is also possible to use prepaid cards and Astropay card.
In case you want to make a direct wire transfer, that is also a possibility. You can make a transfer from one of these banks: ABSA, Capitec, FNB, Investec, Nedbank, Standart. 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 or withdrawals on the platform whatsoever.
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. It is called a procedure of refund and such transaction is processed almost instantly from our side, but it might take your bank up to 9 business days to credit the money, so you need to be patient for it. 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, Neteller or Webmoney or via wire transfer.
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.
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.
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.
GENERAL RISK WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.