How to open a Forex account with IQ Option?
IQ Options is a prominent binary trading company that also offers Forex-related services to its customers. You can start Forex Trading with IQ Options by simply signing up with the platform.
For opening the account, you can directly visit the website, give the necessary credentials and there you have your account. There’s also an easy alternative where you can sign up directly with the broker using your personal Facebook or Google account.
You will have to simply enter the respective host account details like username, password, next the host will authenticate your identity by sending a verification link. Once you give your approval through the link that its, you who needs the third-party service (in this case IQ Options), you can use IQ Options for trading as a registered user.
Thus, you can easily get yourselves registered on the website and start trading the very same day.
How to deposit in Trading Account in IQ option
Next in line is to start trading for which you require capital. The deposit is the money that funds your trading account. The minimum deposit in IQ Option is $10, making trading light on pocket and easily accessible.
The company also offers a demo account for people who want to experience how things work with IQ Options and for the rookies who are not well versed in the tit-bits of trading. This demo account comes with virtual funds worth $10,000 that you can use for trading and build confidence as with sums of this magnitude you can easily figure out that how you need to trade for earning profits for your hard-earned money.
Once you are ready for the actual trading scenario you can begin trading by a deposit in IQ Options.
IQ Options also provides you the privilege of selecting your currency when you carry out the first deposit. You can make the deposit in any currency which will then be converted to the currency of your choice.
The deposit can be made using different payment methods
• Credit/Debit card: Visa, Mastercard or Maestro
• Local bank transfer
To make sure that the deposit is made successfully, it’s important that your account is verified.
Account Verification after opening account with IQ OPTION
After the account opening, the trader must be verified with the broker. Account verification for traders is usually done to prevent malicious elements, also it helps in maintaining legal transparency and meeting regulatory requirements.
With account verification, IQ Option rest assured that the trader is an authentic entity and all his information is credible, preventing fraudulent activities.
The verification process starts during the signing up stage where you’ll receive an email from IQ–Option which contains a unique confirmation code for email validation.
The verification process concludes with you submitting 2 personal documents to the broker so that your identification can be verified.
These documents can be uploaded directly on the platform or through links provided in the sign-up email.
• One document needs to be a Proof of Identity (POI) so a valid driving license/passport would be suitable
• The other document needs to be a Proof of Address (POA) so a bank/utility bill showing you-current address
Once your account has been reviewed and verified you will be able to trade and make withdrawals on your account.
OPEN FOREX DEMO AC
How Can you Withdrawal money for IQ OPTION Account
Withdrawals at IQ Option is simple wherein you can have the profit returned to the original payment method you made the deposit on.
When it comes to processing withdrawals, IQ option is one of the fastest in the market. The customer support team will review the request for security reasons, mainly to check that you’re the person that really made the request. These reviews are usually completed within a single working day.
If the deposit was made with a credit/debit card then the company checks for authentication and you may be asked for some further ID by the team to prove that you are the card owner.
However, no withdrawals can be approved unless your account has been verified! So make sure you have provided the correct documents before making the withdrawal request.
The minimum amount you can withdraw starts from $2 and the maximum amount you can withdraw daily is $1,000,000.
The unique feature of IQ Option is that there are also no withdrawal fees charged by the broker. The only time a fee might be levied is when you make a withdrawal back to your original credit or debit card that the deposit was made on. The broker processes the withdrawal as a ‘refund‘– so only the original deposit amount can be withdrawn back onto the card.
This sums up the whole account opening procedure of IQ Options which is quite easy and free from any technicalities.
“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”.
