IQ Option Minimum Deposit

IQ Option Minimum Deposit

IQ Option is a reputed binary options broker that has been in existence since 2013. Over the years, the broker has grown from strength to strength and has carved a niche for itself in the financial market. However, what is the minimum deposit required to open a trading account with the broker? The minimum deposit amount to open an IQ Option account is $10.

It is the most common question that people ask while searching for a reputed broker. IQ Option is one of the few regulated brokers known for its great account features and customer service. In this post, we are going to do an in-depth analysis of the broker and find out what are the different features offered to the traders looking for investing in the binary options market.

What is the minimum deposit amount to open an IQ Option Account?

The broker offers one of the lowest minimum deposits in the industry required for opening a trade account. The amount is just $10, and traders can immediately set up their account and start trading. This account is termed as “Real Account“. If you would like to open an IQ Option demo practice account, it is also available for you. 

Once the trader concerned has deposited money in their account, they will be eligible for a wide range of services from IQ Option. There is also an option to earn cashback money up to 45% on their trades. Traders will also be eligible for accessing the webinars that are held every week.

These features are available to all the traders who have set up their account with IQ Option minimum deposit amount of $10. Traders can avail more services and other added features if they deposit $100. Like for instance, traders will have access to free trade signals.

The broker offers a second account type called VIP account for the privileged traders. Traders will have to deposit a minimum of $1,000 in their trading account and will be eligible for multiple services including a personal account manager.

IQ Option Trading Account

What are the payment alternatives?

IQ Option offers the traders with the flexibility of multiple payment options. It includes electronic Wire Transfer, MasterCard, Visa, Skrill, WebMoney and Neteller. The broker utilises financial affiliates to deposit money.

Traders would not have to incur any extra fees or commission for making deposits using credit cards or online payment methods. The charges might be levied only in the case of bank wire transfer where the trader has to bear the expenses of additional fees for money transactions.

Traders will have to make an inquiry from “personal cabinet” for making deposits. They will need to select a particular payment method and fill in the required information. Only after furnishing complete details, the trader would be able to make deposits in their account.

The time duration for money to reflect in the trading account depends on the account type used by the trader. For online transactions, it can either take place instantly or up to a few days. The bank wire transfer can take a maximum of 45 days to process.

What is the minimum trading amount?

Just like with the minimum deposit amount, IQ Option does not require its customers to invest a considerable amount of money. The broker offers one of the best options for people who want to spend only a nominal amount. People can start trading with just $1. Traders can pay a maximum of $1,000 for placing trades in a given day.

Aforementioned are some of the different payment methods that traders can use for depositing money in their account. It is always recommended to opt for a payment gateway that is fast and does not charge extra fees. Read our in-depth review on IQ Option before you sign up and give wings to your online trade today.

Rich Archer

Rich Archer

Hi, my name is Rich Archer. I am living in London. Welcome to Binary Manual. Reach to Binary Options broker reviews and market news here.


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