Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IQoption Payment Methods

IQoption Payment Methods

We have already reviewed the famous IQoption review and in this guide, we will deliver the latest information about payment methods that are available with this broker.

If you want to find out more about IQoption basic information, read our detailed IQoption review here.

Traders can start trading with IQoption with just $10 and the minimum trading amount is only $1. Trading with demo account allows traders to research trading platform and test their trading possibilities before they make real investments with IQoption.

Register with IQoption

Before making the first deposit and choosing any payment method, IQoption traders first need to register with this broker. The registration is based on simple web registration where the client needs to fill in some basic contact info. Clients need to provide their real identity and contact details in order to open an IQoption trading account.

Of course, after filling their info, IQoption requires their clients to read and accept their contract and terms and conditions before they can start trading.

Traders can also choose to register via their Google+ or Facebook account.

IQoption Account Verification

After the registration with IQoption,  traders will receive a confirmation code on their mail. In order to activate their account, traders have to enter the code from the email. After entering the code from the email, traders will successfully verify their trading account.

IQoption has additionally added phone confirmation verification so traders can improve their account protection by linking their phone number with their account. The activation code will be sent via SMS. it is important to know that IQoption code is valid for only five minutes.  

For the purpose to provide the best service and superb trading environment, IQoption requires verifying personal data from their clients. According to the IQoption, all the given information will not be disclosed to any third parties.

IQoption Client’ Internal Data Analysis

Before making first deposits with IQoption, traders are also asked to provide information about the trading experience and their financial status. The company feels the need to find out more about client’s financial income and their trading experience level. 

Among various questions, traders have to provide information about their net wealth, sources of income, educational background, trading experience etc.

After traders have filled all data information they are welcome to make their first deposit. It is important to point out that traders have to send their identity proving documents inside of five business days after making the first deposit.

Deposit with IQoption

IQoption clients can choose to deposit with more currencies – EUR/GBP/RUB or USD. In order to make a deposit, traders have to log in to their IQoption trading account. Deposit button is visible in the upper right corner of the platform. Traders don’t need to make any deposits to practice with IQoption demo account.

IQoption allowed traders to deposit with Visa, Visa Electron, Maestro or MasterCard and Neteller, Skrill, iDeal, Fasa Pay, Boleto, Bank Wire or WebMoney.

We have found out that traders can deposit maximally $1,000,000 during one day.

Withdrawing with IQoption

Traders need to verify their trading account before they can continue withdrawing with IQoption. Withdrawals are usually processed within one business day, but this can depend on payment method traders have chosen to withdraw. According to the IQoption, withdrawals are processed within 1 business day.

Traders can choose to withdraw using Maestro, Visa, Visa Electron or MasterCard if they use credit cards. Those traders who use E-Wallets can choose to withdraw using Skrill, iDeal, Boleto Fasa Pay or WebMoney.  IQoption withdrawal is also available via bank wire, but there are certain fees that might be applied.

One of the most frequent questions is if there are any commissions for deals made through IQoption trading account. IQoption does not charge any fees for their client’s transactions, except for bank wire withdrawals. The charges might be applied by third party bank providers too.

IQoption maximal withdrawal amount is 1,000,000 and minimum withdrawal amount is $2.

IQoption Trading Accounts

As we have already mentioned earlier, IQoption includes two different trading accounts – Demo and Real account. Those accounts are integrated with an extraordinary Proprietary platform which includes simple payment system.

IQoption Demo account comes with $1,000 of virtual money where traders can trade in risk-free environment. Demo account gives the opportunity to test all trading options and traders have access to all trading assets like in Real account.

IQoption Real Account is available with only $10 deposit. Trading with Real account includes fast withdrawals – up to 24 hours. 

Both accounts are available under the same login so traders can switch between demo and real whenewer they want to.

Besides the fact that IQoption is integrated a web based trading platform, IQoption is also available on both Android and iOS mobile platforms where traders can make deposits and withdrawals too. Mobile apps are free for all IQoption clients and they allow traders to binary options, turbo options, and classic options. We haven’t found that IQoption mobile app allows trading with exotic options that provide super high returns. 

“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.”