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  • How To Deposit Money To IQ Option? Best Methods & Tips To Fund Your Account

How To Deposit Money To IQ Option? Best Methods & Tips To Fund Your Account

Category: B2B News

Many traders are attracted to binary options trading because of its promising money-making potential. Its simplicity also led to a strong appeal among newcomers to the financial markets. One of its most popular trading platforms is IQ Option. If you’re a trader who’s planning to use this online broker, you may be interested to know how to deposit money to IQ Option and commence with your trading endeavors.

The thing that sets IQ Option apart from other online brokers is that it offers various options for different payment types for their users. In this article, we’ll enumerate and discuss these options, the best methods and tips, to help you see which one works best for you. First, a recap of what binary options are.

Binary Options

Binary options work on a simple yes or no proposition with capped profit and risk potentials. Trades are placed based on what the trader believes – whether an underlying asset will have a higher price at a certain time or not. If yes, the trader purchases the binary option. If not, the trader sells it. Like other financial markets, it includes a bid and ask price that fluctuates until the expiry of the option. Trading can happen on any of the popular binary options brokers around.

It’s worth noting that binary options traded in and outside the U.S. have different structures according to Investopedia. Moreover, traders must fully understand the two probable outcomes of exotic options and how binary options work. Knowing the markets and timeframes for trading and its advantages and disadvantages are crucial before engaging in this type of trading to prevent huge financial losses. Statistics show that a single trader makes an average deposit of $1,400.

Dashboard of IQ Option where you can choose your preferred type of chart display.

IQ Option: What Is It?

Before we discuss how to deposit money to IQ Option, let’s take a close look at this broker first. Here we explain how the app works and how it can help you better understand and profit from binary options. IQ Option is a licensed and regulated online broker with its own custom-built trading platform for binary options. Maintaining user confidence and their company’s reputation is important for users to see they’re a reliable firm. Hence, they show transparency through their operations such as:

  1. Demo Account. New investors get a fully free demo trading account which they can quickly start using to trade. It’s not time restricted and works in parallel to the real money account. This is the firm’s way of allowing traders to hone their skills and familiarize the practice while being confident of their platform to maintain trader retention.
  2. Regulations. The firm has stopped offering deposit match bonuses as the regulator deemed it as high risk. Since they’re regulated, they adhere to CySec rules.
  3. Hedging. This simple yet advanced investing strategy is popular in financial markets. To manage risks, IQ Option actively shows when and how they hedge their own positions to reassure skeptical traders. This is important for traders who are afraid of other “over the counter” (OTC) brokers that want their traders to lose.
  4. Support. Contacting IQ Option is available through a wide array of options and languages. They have live chat for an immediate resolution to questions and complaints. They also offer 24/7 telephone support for 18 countries.

IQ Option: How to Deposit Money

Utilizing a quick and secure method on how to deposit money to IQ Option is essential so you can immediately and securely top up your funds in your trading account when an opportunity arises. With the platform’s low minimum deposit at $10 and opening transactions at $1, trading is made accessible for everyone. Here are the best methods and tips on depositing:

1. Credit Card/Debit Card

Using a credit card and debit card is one of the quickest and most convenient ways of depositing money in your account. Since many people already have own these bank cards, there is no need for you to create an extra account anymore. Funds are also immediately added to your account balance. This is crucial when you no longer have money on your account after you’ve invested or withdrawn them and you recognize a trading opportunity.

Using credit cards and debit cards doesn’t incur hidden fees or charges. (Note: It’s still important to check your own bank’s regulations, especially for credit cards, as they may vary per bank and country.) This lets you deposit money multiple times without being charged a fee for each single deposit transaction.

This method is available for:

  • Visa,
  • Visa Electron,
  • Maestro, and
  • MasterCard.

Depositing money on IQ Option using a bank card.

How to add funds to your account using a bank card:

  1. Open your menu on the upper left side of the dashboard. Choose “Deposit”; it’s the first option you’ll see. Or,
  2. Click deposit on the upper right side of the dashboard located just beside the figures of your account balance.
  3. Pick your payment method.
  4. Enter the amount you want to deposit.
  5. Add in your card details: cardholder name, card number, expiry date, and CVV or CVC code.
  6. After clicking “Pay,” you’ll instantly see the funds added to your account.

2. Wire Transfer

Wire transfer refers to the electronic transfer of money that goes from one bank to another, and then the recipient’s account. As a bank-to-bank transaction, it’s a secure method since federal regulations require identity verification (among other information) and a physical address for everyone who opens an account. While it’s a reliable option, the days it can take to move money may be challenging for binary options trading, especially when you need the funds immediately.

This is recommended for depositing a larger amount of money because of its security. It also prevents you from overspending and gaining debts because you’ll only use the amount you can offer, as compared to using credit cards.

3. eWallet

An eWallet, also called a digital wallet, is used by people to pay for goods and services purchased online. It has a growing popularity because of it’s secure, convenient, and hassle-free transaction. Its utility is the same as that of a debit card and credit card. Meanwhile, the difference is that it’s an electronic card and pre-paid account where the user stores his/her money for future purchases. Using it to deposit money into your IQ Option account is fast and easy. Additionally, there are no extra fees.

Here are the eWallets catered by IQ Option:

  1. WebMoney. This internet currency and universal payment system enable paying, withdrawing, and topping up funds. It allows users to have multiple accounts (called “purses”) with different types of currencies that allow easy deposit and withdrawals to your account.
  2. Skrill. This is one of the leading providers of global payment solutions that’s available in 40 currencies. It has quick payment methods with stored cards on your account balance. It also lets you withdraw funds using ATM withdrawals or by moving the money into your bank account.
  3. Neteller. This is an online financial service that streamlines online payments and money transfers. Aside from making secure payments, it also allows funds withdrawal from your bank account or by accessing ATMs around the world.

4. Bitcoins

The latest addition to IQ Option’s deposit methods is Bitcoins. Bitcoin is a form of digital “currency” and an example of cryptocurrency (produced by businesses and people around the world from advanced computer software).

How to deposit money on IQ Option using Bitcoins.

How to top up your trading balance using Bitcoins:

  1. Open the Deposit tab and choose your deposit amount.
  2. Unfold the payment methods on the list (found on the right) and pick “Bitcoin.”
  3. After clicking “Proceed to Payment,” you’ll be forwarded to the Cubits—the processing provider—payment page.
  4. Check the invoice amount and its BTC equivalent. (Confirmation of the transaction only lasts for 15 minutes. If you don’t confirm it, the invoice will simply expire.)
  5. IQ Option will add the funds to your balance after Cubit verifies your payment, which is done immediately after your confirmation.

By Nestor Gilbert

Senior writer for FinancesOnline. If he is not writing about the booming SaaS and B2B industry, with special focus on developments in CRM and business intelligence software spaces, he is editing manuscripts for aspiring and veteran authors. He has compiled years of experience editing book titles and writing for popular marketing and technical publications.

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