After depositing funds, or even before that, many traders have many questions regarding the platform, how it works and the security of their accounts and money. Is IQ Option reliable? Will I be able to withdraw funds? How do I keep my account secure?
In this article, we will answer these questions, as well as address common concerns you may have if you are new to the platform or if you just want to double-check certain things.
1) Do I have to deposit money straight away? Do I have to pay to use the platform?
No, the IQ Option platform itself is free and there are no charges for using or installing it. You can also use the free unlimited practice account to test the platform before depositing real funds.
If you run out of money on the demo account, you can top it up for free as many times as you need to keep practising.
2) Can I withdraw straight away?
Yes, funds can be withdrawn from the platform at any time, including profits; however, the latter requires that the account is verified. All available payout methods and withdrawal terms can be found on the withdrawal page. Note that the practice account’s funds cannot be withdrawn. To learn more about the withdrawal process, have a look at this guide: How to Withdraw Funds From IQ Option.
3) Is IQ Option reliable? Can It trust IQ Option to handle my funds?
Yes, funds are securely stored with IQ Option. IQ Option is a well-known broker with millions of registered traders that use the platform daily. It provides traders with the best tools and education opportunities to support them on their trading journey. With that said, it is important to remember that trading itself is risky and might cause losses. So it is important to implement good strategies and manage the risks.
4) My IQ Option account was blocked. What should I do?
IQ Option has a set of rules which traders should follow, which are thoroughly explained in the Terms and Conditions on the website. The purpose of these rules first and foremost is to protect the traders’ funds and prevent security breaches. So yes, a violation of the Terms can lead to consequences such as the closure and/or blocking of a trader’s account. However, traders who abide by the rules and do not abuse the platform should not have such issues with their accounts.
Sometimes traders simply make a mistake and unwillingly cause the broker to block their account. They may feel frustrated and even claim that “IQ Option is a fraud” before attempting to solve this issue. If you or someone you know gets their account blocked, the first thing to do is reach out to the broker’s support via email or phone. They will help you figure out exactly what went wrong and offer a suitable solution. You can check the contact information for your location and find answers to more popular questions on the IQ Option website.
5) How do I make sure my account is secure?
To ensure the best possible security, you may use the features offered on the platform. Firstly, make sure to fill in the personal information, including the email and the phone number, and set a strong password for your account. Using a phone number will allow you to enable the 2-step authentication in the account. This feature protects your account with a one-time SMS code when you sign in. To find it, go to the ‘Personal data’ section on the IQ Option website and choose ‘Safety and security’ in the menu on the left.
You will find other safety features like ‘Active Sessions’ and ‘Session History’ there, which allow you to check all the devices where your account is currently opened and see the login history. It is also possible to change your password there, if necessary.
6) Is it safe to provide my documents and bank cards for verification?
Yes, it is. On IQ Option, we ask for certain documents for verification. For instance, a passport or a driving licence to confirm your identity. When you upload the documents on the website, they are safely stored in the system and only the responsible specialists have access to them. The same goes for the bank card verification — you cover the bank card information before uploading it, according to the instruction on the verification page. But do not worry: even if you forget, our system will cover it for you.
Having questions about security is completely normal: a responsible approach is important when it comes to dealing with money. We hope that this article helped answer some common questions, such as “Is IQ Option reliable?” and that you might feel more secure and confident trading on the platform.
