Are you having a hard time considering IQ Option an option for you? I think I have a suggestion to make:
Ensure you go through this post because here, I have discussed all you would want to know about the IQ Option trading platform, as a beginner.
First of all, IQ Option is an online trading platform that was founded in 2013 in Cyprus. This platform allows users to trade on stocks, FOREX, binary options, and Exchange-traded funds.
Today, IQ Option has over 40 million users as it bears the reputation as one of the best trading platforms.
WHAT DOES IQ OPTION OFFER?
IQ Option is a trading platform that first started as a binary options broker. Today, it allows enrolled traders to trade Contract for Differences (CFDs) on Stock, FOREX, Cryptocurrencies, and Exchange Traded Funds (ETFs).
IQ Option offers a nice platform for you to trade CFDs on 169 of the best-performing stocks listed on NASDAQ and NYSE, without opening fees.
IQ Option also allows FX traders to trade their best foreign currency pairs by providing about 49 currency trading pairs.
With IQ Option, you can also trade CDFs on Exchange Traded Funds which is simply called ETFs. You can trade by choosing from the 24 currently available ETFs on IQ Option.
On the IQ Option trading platform, you can trade up to 24 cryptocurrencies including the most popular ones like Bitcoin, Ethereum, Litecoin, Ripple, and so on.
With the binary option available on IQ Option, you can speculate on the prices of different assets like currencies, commodities, indices, or stock. Currently, there are 44 options available on IQ Option.
IQ OPTION REGULATION AND SECURITY
IQ Option has been in existence since 2013. Over the years, this binary broker has maintained a good position in the industry, ranking among the best. It has also won numerous awards; no wonder it is the choice of many traders worldwide.
As a Cyprus company, IQ Option is registered in Cyprus with the name ‘IQ Option Europe Limited. However, IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC).
From the above, you should know that IQ Option is a trusted platform that has been delivering quality service in the trade and exchange industry.
IQ OPTION REAL ACCOUNT
You can open an IQ Option real account with as low as $10. This opens up opportunities for traders with the low financial strength to get on board and trade the FOREX, Stock, or Cryptocurrencies.
IQ Option real or non-virtual account is subdivided into the Real Account and the VIP Account.
1. Real Account
With the Real Account, users can have access to 70 assets and request withdrawals 24 hours. Such account holders can also take part in the various trading competitions held on the platform.
2. VIP Account
The VIP Account on IQ Option are ones that make a deposit up to $1,900 or have a trading volume up to $15, 000.
Such account holders are also termed, personal managers. This means that they can help other traders who have queries and/or issues.
IQ OPTION DEMO ACCOUNT
Just like other brokers, IQ Option has a virtual trading account called the Practice or Demo account. The IQ Option Demo Account allows you the chance to practice and learn different trading techniques.
An outstanding feature of the IQ Option demo account is that there is no limit to when you should use it. You can keep using it as far as you are still learning how to trade.
It comes with an initial deposit of $10,000. Even if you exhaust this virtual money, you can always replenish your account with more.
Good enough, to get the IQ Option demo account, you do not need to enter your details.
IQ OPTION SIGN UP
You can simply sign-up with IQ Option through your Facebook, Google, or through your email. When you have added your details a pop-up will appear, affirming that you have successfully created both the Demo account and Real Account.
You can proceed to use either the Practice (Demo) account or the Real account to trade. But then, you will have to deposit into your Real account to do the actual trading.
HOW TO DEPOSIT ON IQ OPTION
The minimum amount you can deposit into your IQ Option account is $10, £10, or €10. You will select the currency in which you will deposit and IQ Option does not charge you for depositing in your account.
On your first deposit, you will be expected to upload some security and verification documents. This could include (depending on your country) photo identification, phone number, personal information, and trading experience.
To deposit into your account, you can either use debit services like Visa Electron or Maestro, or you could use credit card services like Mastercard and Visa.
Another available option through which you can deposit into your account is by using the payment services of companies like Skrill, Neteller, Webmoney, and so on. Unfortunately, for now, you cannot use PayPal to deposit into your IQ Option account.
HOW TO DOWNLOAD IQ OPTION
- To login on IQ Option, you must first download the app from either Android or Itune depending on your device. Also available on browser.
- To install on your Android Phone, visit google play store from your device.
- Search “IQ Option“
- Click “Install” and wait a few seconds for the app to install.
- iPhone or iPad users should visit App Store, search for IQ Option and install on your device.
HOW TO WITHDRAW FROM IQ OPTION
You can withdraw from your IQ Option account following the same method you used for the deposit. And if you are to withdraw via your credit or debit card, you must withdraw the initial amount you deposited through either of the cards.
Your profit can be withdrawn using other methods like bank transfer or through any chosen e-wallet.
To process any withdrawal request, you will need to submit a form of identification (perhaps the one you used during account creation or before depositing).
Is IQ Option a Scam?
- No, IQ Option is not a scam and as a matter of fact, the company is a reliable broker regulated by CySEC and with over 41 million registered users in 213 countries.
What is the Minimum Amount I can Deposit on IQ Option?
- The minimum amount of money you will deposit on your IQ Option real account is $10. Anything less than that is not acceptable.
What Are the Accepted Countries For IQ for IQ Option?
IQ Option is available to users in many countries of the world. Here are some of those countries:
- New Zealand
- Saudi Arabia
- South Africa
- Sri Lanka
- United Kingdom
- Vietnam, Zambia
Unfortunately, traders in the following countries CANNOT use IQ Option:
- Russian Federation
How Fast Can my Withdrawal Request be processed by IQ Option?
- It takes a maximum of one business day for your withdrawal request to be processed on IQ Option. Meanwhile, it can take a few hours, depending on the bank you use.
Can I withdraw Bitcoin From IQ option?
- It is not allowed on IQ Option as the establishment does not have an IQ balance on their platform. However, if such provision is later made available, you will be notified. Therefore, you will need to withdraw to the same credit card or debit you used to fund your IQ wallet.
What Is The Minimum Amount I Can withdraw From IQ Option?
- To qualify for withdrawal on IQ option, you must have at least $2 in your IQ option account
What Is The Maximum Withdrawal On Iq Option?
- The maximum amount you can withdraw from IQ Option is $1m.
Most entrepreneurs and investors do start a business to make money without knowing what it takes. Therefore, ensure you understand that IQ Option carries a great level of risk like most businesses and could result in a loss.
To understand how it works, you may need to start with a demo account. The demo account should take care of your concerns and also a better way to learn while on it.
The demo account is preloaded with $10,000 reloaded practise cash, this is more than enough to walk you through. When on a demo account, you do not need to provide any of your card details until you are fully ready for the big one.
If you are confident, you could shoot your shot. Who knows, you might be on to make a financial breakthrough.
Lastly, I am staying it again IQ Option is totally secure so you have nothing to worry about.