How to Trade Binary Options and Withdraw Money from IQ Option
By IQ Option Trading
How to Trade Binary Options in IQ Option
An asset is a financial instrument used for trading. All trades are based on the price dynamic of a chosen asset.
What is an asset?
To choose an asset you want to trade on, follow these steps:
1. Click on the asset section in the top of the platform to see what assets are available.
2. You can trade on multiple assets at once. Click on the “+” button right from the asset section. The asset you choose will add up.
1. Select an asset. The percentage next to the asset determines its profitability. The higher the percentage – the higher your profit in case of success.
How to Trade Binary Options?
Example. If a $10 trade with a profitability of 80% closes with a positive outcome, $18 will be credited to your balance. $10 is your investment, and $8 is a profit.
Some asset’s profitability may vary depending on the expiration time of a trade and throughout the day depending on the market situation.
All trades close with the profitability that was indicated when they were opened.
2. Choose an Expiration Time.
The expiration period is the time after which the trade will be considered completed (closed) and the result is automatically summed up.
When concluding a trade with binary options, you independently determine the time of execution of the transaction.
3. Set the amount you’re going to invest.
The minimum amount for a trade is $1, the maximum – $20,000, or an equivalent in your account currency. We recommend you start with small trades to test the market and get comfortable.
4. Analyze the price movement on the chart and make your forecast.
Choose Higher (Green) or Lower (Red) options depending on your forecast. If you expect the price to go up, press "Higher" and if you think the price to go down, press "Lower"
5. Wait for the trade to close to find out whether your forecast was correct. If it was, the amount of your investment plus the profit from the asset would be added to your balance. In case of a tie – when the opening price equals the closing price – only the initial investment would be returned to your balance. If your forecast was incorrect – the investment would not be returned.
You can monitor the Progress of your Order under The Trades
The chart shows two lines marking points in time. The purchase time is the white dotted line. After this time, you cant buy an option for the selected expiration time. The expiration time is shown by the solid red line. When the transaction crosses this line, it closes automatically and you take either a profit or a loss for the result. You can choose any available expiration time. If you have not opened a deal yet, both white and red lines will be moving together to the right to mark the purchase deadline for the chosen expiration time.
How to use Charts, Indicators, Widgets, Maket AnalysisCharts
IQ Option trading platform allows you to make all your presets right on the chart. You can specify order details in the box on the right-side panel, apply indicators, and play with settings without losing the sight of the price action.
Want to trade multiple options at a time? You can run up to 9 charts and configure their types: line, candles, bars, or Heikin-ashi. For bar and candle charts, you can set up the time frames from 5 seconds up to 1 month from the bottom left corner of the screen.
For in-depth chart analysis, use indicators and widgets. Those include momentum, trend, volatility, moving averages, volume, popular, and others. IQ Option has a fine collection of the most-used and essential indicators, from XX to XX, over XX indicators in total.
If you apply multiple indicators, feel free to create and save the templates to use them later
Widgets can help your decision-making big time. On the platform, you can use widgets like traders’ sentiment, high and low values, trades of other people, news, and volume. They will help you monitor changes in real-time.
No matter if you trade options, Forex, stocks, metals, or cryptos, knowing what’s going on with the world economy is essential. At IQ Option, you can follow up on the news in the Market Analysis section without leaving the Traderoom. Smart news aggregator will tell you what assets are the most volatile right now, and themed calendars will give you an idea of when is the best moment to take action.
Frequently Asked Questions (FAQ)
The best trading time depends on your trading strategy and a few other factors. We recommend that you pay attention to the market schedules, since the overlap of the American and European trading sessions makes prices more dynamic in currency pairs such as EUR/USD. You should also follow market news that might affect the movement of your chosen asset. Its better not to trade when prices are highly dynamic for inexperienced traders who dont follow the news and dont understand why the price is fluctuating.
What is the best time to choose for trading?
We dont restrict the number of options you can buy for an expiration or an asset. The only limitation is in the exposure limit: if traders have already invested a large amount in the asset you have selected, the amount you invest is limited by this exposure limit. If you are working in an account with real funds, you can view the investment limit for each of the options on the chart. Click on the box where you enter the amount.
How many options can I buy per expiration?
We want trading to be available to everyone. The minimum investment amount for today trading conditions can be found on the Company’s trading platform/website.
What is the minimum price of an option?
As soon as you buy a Put or Call option, three numbers appear on the right top side of the chart:
What are the profit after sale and the expected profit?
Total investment: how much you have invested into a deal
Expected Profit: possible result of the transaction if the chart point at the expiration line ends up at the same place where it is now.
Profit after Sale: If it is red, it shows you how much of the invested amount you will lose your balance after sale. If it is green, it shows you how much profit you will get after sale.
Expected Profit and Profit after Sale are dynamic, as they change depending on several factors including current market situation, how close the expiration time is and the current price of the asset.
Many traders sell when they arent sure that the transaction will give them a profit. The selling system gives you the chance to minimize losses on doubtful options.
For All-or-Nothing options the Sell button is available from 30 minutes until expiration to 2 minutes until expiration.
Why is Sell button (prescheduled option closing) inactive?
If you trade Digital Options, Sell button is always available.
How to Withdraw Money from IQ Option
Your withdrawal method will depend on the deposit method.
How do I withdraw money?
If you use an e-wallet to deposit, you will only be able to withdraw to the same e-wallet account. In order to withdraw funds, make a withdrawal request on the withdrawal page. Withdrawal requests are processed by IQ Option within 3 business days. If you withdraw to a bank card, a payment system and your bank require additional time to process this transaction.
Conditions may vary depending on location. Please get in touch with Support for precise instruction.
1. Visit website IQ Option or mobile app
2. Log in account with email or social account.
3. Select “Withdraw Funds” button
If you are in our Home page, select "Withdraw Funds" on the right hand side panel
If you are in the trade room, click on the Profile icon and select "Withdraw Funds"
4. You will be redirected to Withdrawal page, specify the amount you would like to withdraw (the minimum withdrawal amount is $2)
Select withdrawal method, for Deposits made from Bank cards, you should first withdraw your deposited amount back to your card in the form of a refund
And afterwards you can withdraw your profit using any other available payment method
Your withdrawal request and withdrawal statuses are display on the withdrawal page
To withdraw your funds, go to the Withdraw Funds section. Choose a withdrawal method, specify the amount and other necessary details, and click the “Withdraw Funds” button. We do our best to process all withdrawal requests within the same day or the next day if outside working hours on business days (excluding weekends). Please note that it may take a little longer to process interbank (bank-to-bank) payments.
How to withdraw money from the trading account to a bank card?
The number of withdrawal requests is unlimited. The withdrawal amount should not exceed the current trading balance amount.
*Withdrawal of funds returns the money that was paid in the previous transaction. Thus, the amount that you can withdraw to a bank card is limited to the amount that you have deposited with that card.
Appendix 1 shows a flowchart of the withdrawal process.
The following parties are involved in the withdrawal process:
1) IQ Option
2) Acquiring bank – IQ Option’s partner bank.
3) International payment system (IPS) – Visa International or MasterCard.
4) Issuing bank – the bank that opened your bank account and issued your card.
Please note that you can withdraw to the bank card only the amount of your initial deposit made with this bank card. This means that you can return your funds to this bank card. This process may take a little longer than expected, depending on your bank. IQ Option immediately transfers the money to your bank. But it may take up to 21 days (3 weeks) to transfer money from the bank to your bank account.
If you do not receive the money on the 21st day, we kindly ask you to prepare a bank statement (with logo, signature and stamp if it is a printed version; electronic versions must be printed, signed and stamped by the bank) covering the period from the date of the deposit (of these funds) to the current date and send it at [email protected] from the email linked to your account or to our support officer via live chat. It would be amazing if you could also provide us with an email of the bank representative (the person who provided you with the bank statement). We would then ask you to inform us as soon as you send it. You can contact us via live chat or by email ([email protected]). Please note that your bank statement must contain information about your bank card (the first 6 and 4 last digits of its number).
We will do our best to contact your bank and help them find the transaction. Your bank statement will be sent to the payment aggregator, and the investigation may take up to 180 business days.
If you withdraw an amount you deposited on the same day, these two transactions (deposit and withdrawal) will not be reflected on the bank statement. In this case, please contact your bank for clarification.
Frequently Asked Questions (FAQ)
The standard maximum time limit for bank transfers is 3 business days, and it can take less. However, just as some boletos are processed in less time, others may need all the time of the term.
How long does it take for the withdrawal I made by bank transfer to arrive in my bank account?
This is a new minimum withdrawal amount for bank transfers only. If you choose another method, the minimum amount is still 4 BRL. This change was necessary due to the high number of withdrawals processed by this method at low values. In order to respect the processing time, we need to decrease the number of withdrawals made per day, without affecting the quality of the same.
Why did you change the minimum amount for bank transfer withdrawals to 150.00BRL?
If you want to withdraw an amount below 150 BRL, you only need to select another withdrawal method, for example electronic wallet.
I am trying to withdraw less than 150.00BRL by bank transfer and I get a message to contact support. Please arrange it for me
We have no restrictions as to the minimum withdrawal amount — starting from $2, you can withdraw your funds on the following page: iqoption.com/withdrawal. To withdraw an amount less than $2, you will need to contact our Support Team for assistance. Our specialists will provide you with the possible scenarios.
What are the minimum and maximum withdrawal amounts?
Yes. You need to verify your identity in order to withdraw funds. Account verification is necessary in order to prevent fraudulent financial transactions on the account.
Do I need to provide any documents to make a withdrawal?
To pass the verification process, you will be kindly asked to upload your documents on the platform using the links given below:
1) A photo of your ID (passport, drivers license, national ID card, residence permit, refugee identity certificate, refugee travel passport, voter ID). You can use our video tutorials below for details.
2) If you used a bank card for depositing money, please upload a copy of both sides of your card (or cards if you used more than one to deposit). Please remember that you should hide your CVV number and keep visible the first 6 and the last 4 digits of your card number only. Please make sure that your card is signed.
If you use an e-wallet to deposit funds, you need to send us a scan of your ID only.
All the documents will be verified within 3 business days after you make a withdrawal request.
1) After a withdrawal request is made, it receives the "Requested" status. At this stage, funds are deducted from your account balance.
Withdrawal statuses. When will my withdrawal be completed?
2) Once we begin processing the request, it receives the "In process" status.
3) Funds will be transferred to your card or e-wallet after the request receives the "Funds sent" status. This means that the withdrawal has been completed on our side, and your funds are no longer in our system.
You may see the status of your withdrawal request at any time in your Transactions History.
The time when you receive the payment depends on the bank, the payment system or the e-wallet system. It is approximately 1 day for e-wallets and usually up to 15 calendar days for banks. The withdrawal time could be increased by the payment system or your bank and IQ Option has no influence on it.
For every withdrawal request, our specialists need some time to check everything and approve the request. This is usually no more than 3 days.
How long does it take to process the withdrawal?
We need to make sure that the person who makes a request is really you, so that nobody else can access your money.
This is necessary for the security of your funds, along with the verification procedures.
After that, there is a special procedure when you withdraw to a bank card.
You can only withdraw to your bank card the total amount deposited from your bank card within the last 90 days.
We send you the money within the same 3 days, but your bank needs some more time to complete the transaction (to be more precise, the cancellation of your payments to us).
Alternatively, you can withdraw all your profits to an e-wallet (like Skrill, Neteller, or WebMoney) without any limits, and get your money within 24 hours after we complete your withdrawal request. This is the fastest way to get your money.
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