IQ Option India #1 Review

This online trading platform was created by IQ Option Europe Limited back in 2013 and has since then come a long way in the world of Forex, CFD, cryptocurrencies and options trading. It has risen to rank among the top companies with more than 7 million members from 31 countries.

IQ Option main page

Members enjoy IQ Option platform for various reasons among them the ease with which you can create a new trading account and have access to a free demo account for practice. There is a good customer support system ready to offer any assistance in case of an urgent matter or answer any questions you have (the average response time via live chat is just 43 seconds in 2020).

Withdrawing profits happen fast and easy: 68% of withdrawal requests processed immediately, 8,5 hours - average time for processing a withdrawal request in 2020.

You have to place a request and meet the minimum amount, but it doesn't take too long for the money to reflect in your account. There are various methods used to transact here so don't worry about lacking a way to deposit money into your trading account.

There is an official IQ Option App that can be downloaded to your Android, iOS, and other mobile devices making it easy to trade while on the move.

What is IQ Option? Facts and Figures 2020

IQ Option facts

  • From 2014 to 2020, total trade volume per month increased 53 times to 53 000 000 USD!
  • 7 050 000+ registered users in 2020
  • 21 480 - Average number of daily transactions in 2020
  • 68% of withdrawal requests processed immediately
  • 8,5 hours average time for processing a withdrawal request
  • Answering your questions in chats (in just 43 seconds) and Tickets (You can get your email answered in as short as 20 minutes)
  • 79 support members in 2020
  • IQ Option works with traders from 31 countries, including India (with trading platform, mobile App and website localized into Hindi)
  • Regulated by CySEC (License 247/14)

How To Open A Demo Account And Start Trading

Unless you are a professional trader, the first option is to open a demo account. Opening an IQ Option account is quite easy, and, of course, free. Below is a step-by-step guide to help you open a demo account with IQ Option:

IQOption awards

How to trade on IQ Option

You need to know how IQ Option platform works before you start any kind of transactions and trading. This helps you be aware of the assets to trade on and the risks involved. Remember you're trading using real money and this Forex trading company is not free from risk: according to IQOptions official website, 87% of retail investor accounts lose money when trading CFDs.

After registering the account, you use the methods provided to deposit money into it and start trading. Before doing this, you can opt to create a demo account if you're inexperienced and learn how trading works. This sharpens your skills and improves your knowledge of Forex trading. Earning a profit on your investment only happens when you trade with real money and observe the set limits for deposit and trading.

The practice account/demo account comes with $10000 that you use to trade on various assets. The point to note is you can't withdraw any of the profit achieved using this money. This is only to help you learn how it all works. The minimum deposit to observe for IQ Option is $10 into your trading account. To activate the VIP status, know the minimum required.

Is IQ Option a Reliable Trading Platform?

IQOption awards

IQ Option boasts of 7+ millions of members who remain active traders from 31 countries over the world. It has managed to grow and rank among the top Forex brokers and trading platforms in a short time. This means more people trust it as a reliable trading platform and feel secure using real money on it.

Additionally, the information fed into its system is secured using the latest security encryption ensuring no unauthorized persons can access your account and information. Every transaction you undertake is secured together with the details you feed into the system to access your payment accounts.

IQ Option: A Guide to Opening a Free Demo Account

IQ Option registration

A demo account is referred to as a practice account on IQ Option trading platform. You essentially use it to test your trading skills before you use real money to trade. Also, it's the best way to learn how to trade on this site if you're new to it and have just started in the world of Forex trading.

The Practice account is free and requires no deposit of funds to start trading. All you need is to access is and be on your way to learning more. You get $10000 in terms of virtual funds that can't be withdrawn. This is the money you'll use to trade on the various assets you opt for. All the profits earned using this virtual money is not accessible. You are not allowed to withdraw it.

You can trade using these funds for as long as you want. The aim is to help you learn as much as you can and at your pace. Once the funds run out, you can get some more and keep trading until you're confident enough to trade using real money. All that information you learn applies to real trading.

VIP Account vs. Real Account

IQ Option vip account

There are two types of accounts that you can get on this site. These two require you to deposit funds into them so you can trade.

  • VIP Account

This is an exclusive account that only certain investors have access to. It has its benefits hence the prestige. You have to deposit $3000 into your trading account to automatically get VIP status. You get your account manager once this occurs who is ready to assist you in any way as you trade. They give you detailed reports on your trading activities for a certain period.

  • Real Account

Once you register to become a user of this platform, what you get is a real account that you can use to trade. The minimum amount of money you can deposit into this account to begin is $10. You get access to many assets that increase your chances of turning a profit on the investment made. Once you earn a profit, it takes a few hours for the money to be withdrawn if you request for it.

IQ Options Tradable Assets

IQ Option assets

This platform has made it possible for its users to get access to a wide variety of tradable assets which is a huge advantage. It means you don't have to feel limited in any way as you can diversify your portfolio as much as you want.

  • Cryptocurrencies

This has become one of the most popular assets to trade on in the past few years after its inception. There are many types of cryptocurrencies available and it's best to be versed with as many as possible. You get to trade on more than 10 options on this platform.

  • Contracts for Difference (CFDs)

You get to trade on stocks for Contracts for Difference. These are sourced from thousands of companies from all across the world. The top among them is the biggest companies in the world listed in the main stock markets like NASDAQ.

  • Forex

You get a chance to trade using over 100 trading pairs on Forex (FX) trading. This is because of its popularity that sees millions take advantage of this.

  • ETF (Exchange Traded Funds)

This is a relatively new asset that is gaining traction in the market and getting many users interested in it. You get to trade by keeping an eye on indices, commodities, and group assets. There are thousands of ETFs to choose from.

  • Indices

You get to choose indices from a variety of Contracts for Difference from a certain economy or market.

Online Trading Tournaments

IQOption tournaments

There are various online trading tournaments that you can participate in on this platform. You get to compete with other traders and are charged a certain fee to be part of it. Once you decide to be part of this competition, you get a tournament account that has the fee you paid to participate in it. There is no limit to the assets you can trade on while competing. The same applies to funds too.

To win, you have to have the most funds in your account when the competition comes to a close. There is a prize pool that is enjoyed among the top players after the competition ends. There are various tournaments you can sign up to compete in including:

  • IQ Launch

You have to register with a fee of $4 that is placed in your account after it's activated. You can use it to trade on assets and funds. You have to keep an eye on the time left to participate and make sure you don't run out before you're done. It takes a total of 7 days for the tournament from start to finish.

The prize pool for this is set at $10000. On the tournament page, navigate to IQ launch and click on ‘Registration' to sign up and become a competitor. Only users with an existing trading account can participate in this tournament.

  • Call or Put

The tournament lasts for 15 days in total. You have to keep in mind the time limit as you trade to ensure you have enough of it. The total number of current participants is always listed on the Tournaments page on the website. The registration fee charged to participate is $4 deposited into your account as soon after you transact it.

You get a tournament account once you complete the registration process. Navigate to the Tournaments page and on ‘Call or Put', click on ‘Registration'. Fill in all the requested information. You need an existing account with this platform to be a part of the competition. The total prize pool is $20000.

  • Mad March

The registration fee to take part in this tournament is $20. This fee is deposited into your competition account once you've finished the registration process and paid the fee in full. The competition lasts for one month.

The total number of participants is always listed on the Tournaments page. Head to it on the main site to register an account and start competing. You have to click on ‘Registration' and input the required information. The total prize pool for this tournament is $50000.

IQ Option Mobile Version and App

IQ Option app

Not many other Forex trading platforms have a mobile version that you can use to access your account on. You simply need a mobile device like a smartphone or tablet to access it. It functions well and has all the same features as the main website. It's easy to load on your mobile device.

All you need is to log into your existing account and start trading. You can deposit money on it and even create an account as a new user. You don't have to be stuck in front of your desktop computer or carry around your heavy laptop all day. Simply load the website on your smartphone/tablet.

The company has also availed an app for all its users that make it even more interesting. You can download IQ Option APP to your Android or iOS device easily and login to an existing account. The app allows new users to create an account too. Since many users prefer using their mobile devices as compared to stationary ones, these two features are a welcome relief when trading on this platform.

How to Create and Verify IQ Option Account in India (and other countries)

You have to create an account if you want to trade on IQ Option. It only takes a few minutes to complete the process after which you can deposit money into it and start trading.

Step #1 – account opening

    • Using your computer or mobile phone, open your browser and type iqoption.com.
    • Click on the button "OPEN AN ACCOUNT FOR FREE". Alternatively, you can also click here to directly open the sign in page.
    • Fill in the given sections on the two boxes with your email and password.
    • Press enter to confirm your account.
    • You will be redirected to the trading platform. Also, note that it might take a while.
    • Confirm your email with the confirmation link as you wait for the account to be created.

Step #2 – Risk warning

    • A pop up will appear immediately after opening your trading account. Confirm you agree to the risks involved by ticking the required section. It will clearly state that trading can't bring guaranteed profits, but you should not worry about that since you are only interested in a demo account. So, don't mind it.
    • Tick on the "I have read and understood the risks, and then click on the START TRADING button.

Step #3 – Demo account

    • A window will open, in which you are required to choose whether you want to trade with a real account or with a demo account.
    • Register on the demo account and click on the left button to start trading.
    • You will be credited with a non-withdrawal amount equating to $1,000.

Step #4 – Start trading

    • You can use the amount to conduct all your trading needs.
    • Good luck! You can practice as much as you can.

You can also open an account using your Google and Facebook accounts. You have to permit them to access some of your information to activate the account. Ensure you read through the terms and conditions of the company to know what is expected.

How to Deposit Money in IQ Option Account in India

After successfully creating a new trading account, you can now proceed to deposit money into it and start trading. To deposit requires you to use the methods availed by this platform only. These methods include AdvCash, WebMoney, Neteller, Skrill, Visa, and Mastercard.

Each method has the duration it takes for them transacted money to reflect in your trading account. This is important to remember as you select one of them. They also vary in the minimum amount you can deposit by using each of them. The limit to deposit into your trading account for this platform is $10.

  • Load the website and log into your account using your phone number/email and password.
  • On the main taskbar after the homepage loads, click on ‘For Traders'.
  • Follow this by clicking on ‘Deposits and Withdrawal'
  • Select the method you want to use from those listed once the page loads.
  • Input the amount you wish to deposit keeping in mind the limit for each method.
  • Fill in the requested information for that method and complete the transaction.

How to Withdraw Money from IQ Option in India?

This website prides itself on having very fast payout request rates among all other trading companies. You get your funds within 3 business days but it depends on the method you use to receive.

You can use the same method to withdraw profits as used to fund your trading account. This makes it easier since all the account details are on the platform.

Customer Service

IQOption help

A reliable company ensures that its users can contact them easily without having to wait long. This is the case for IQ Option that has a very efficient customer support system always ready to cater to the needs of members. You can use various modes of communication to get in touch.

To see the various ways you can contact an agent in your area, navigate to the bottom of the homepage and click on ‘Contact Us'. Here you get a detailed list of modes of communication. You can opt to send an email [email protected] an agent will respond to it as soon as possible.

If you're in the area, the company has offices on St Vincent and Grenadines, Vanuatu, and Cyprus. You can contact them through social media pages including Facebook, Twitter, Instagram, Telegram, and YouTube by leaving a comment.

On the Contact Us section is an area where you can leave a comment or ask a question and submit it. Also, there is a detailed list of all the contact centers in different countries across the world.

How to Get Help at IQ Option

You can visit the IQ Option Blog for the latest updates or you can interact with the online broker’s employees and fellow traders on the social networking sites Twitter, Instagram, youTube, Twitter, Telegram, and Facebook.

The following are IQ Option’s office addresses:

  • IQ Option Limited has its offices at Hinds Building, Kingstown, St. Vincent and Grenadines
  • IQ Option Payment Ltd has its offices at Ionos 20, 4th Floor, Flat/Office 401, Egkomi, 2406 Nicosia, Cyprus.
  • You can use the Ask Question feature to get a quick response to your query.
  • Use the 24/7 telephonic support service. Toll-free telephone numbers are available for several countries, including Brazil, India, South Africa, UK, and others.

FAQs (Frequently Asked Questions)

IQOption blog

Is Iqoption.com legitimate?

Yes, this is a legitimate Forex trading company based online. It is fully regulated by the Cyprus Securities and Exchange Commission (CySEC) under the European Union. License 247/14. It's strived to meet all the demands of this commission and has permission to operate in all the regions it's available in the world.

What is the deposit limit and trade limit for Indian traders?

  For this trading site, you get a deposit limit of $10. The trade limit is lower than this at $1.

How are the Terms and Conditions?

The terms and conditions are very fair and help you understand what this site expects of its users. It's better to read and understand them first before you create a trading account.

What languages does the IQ Option interface translate to?

You can translate this website into numerous languages. These include English, Hindi, Portuguese, Chinese, French, German, Turkish, Spanish, Indonesian, Italian, Finish, among others.

Which countries does this company not operate in?

There are certain countries where this company doesn't operate despite it having an international reach. They are Iran, Belgium, USA, Australia, Japan, Canada, Israel, and Palestine.

What are the assets that you can trade in?

On this platform, you can trade in Cryptocurrencies, EFTs, Forex, CFDs, Indices, digital options, binary options, etc.

What are the methods to deposit money and withdraw profits in India?

The main methods are Visa, Mastercard, Neteller, and Skrill. There is also WebMoney and AdvCash.

Pros and Cons

Pros

  • The site is available in multiple languages, including Hindi language
  • There are various deposit and withdrawal methods
  • You can trade on a range of assets
  • Easy registration process
  • Availability of a demo account with $10000 virtual funds

Cons

  • Not available in some countries due to restrictions and laws.

Conclusion

IQ Option is very popular in India, Indonesia, Kenya, Nigeria, Tanzania, Thailand, Brazil, Vietnam and 30 other countries, it is accessible to more than 7 millions of traders from across the world proving its reliability. They remain active trading in various assets like crypto, CFDs, indecies, stocks, FX options, binary options. The company is fully regulated by CySEC (License 247/14) meaning you're ensured a safe and secure trading environment. You only need to sign up for a demo account to start training on how to trade on this platform. Follow this with creating a Real account after you've practiced sufficiently. There are various methods you can use to deposit and withdraw from your trading account. The customer support team is always ready to offer any assistance or answer questions about any feature on the website. There is an app and a mobile version to use on your smart mobile devices.

Risk Warning: We understand the Forex industry is huge and volatile for people who lack basic knowledge about online trading. If you are a beginner, you should make this site your companion (and please practice trading skills on free demo accounts, don’t invest real money if you are beginner: remember, Forex trading, as long as trading binary options, crypto or CFDs, carries a risk of losing money due to leverage. About 77% of retail investors lose money when trading CFDs). (Read in other languages: RU, PT-BR, VI, ES, TH, MY, ID.