Recently, in India, there has been an increasing interest in the possibility of making money on the Internet using broker platforms. This is due both to the general economic situation in India and, for example, to the development of cryptocurrency. For many people, it becomes a kind of hobby, and those who are just starting to show interest in this theme always wonder how to deposit or withdraw currency, is it safe in India or not, what trading platform to choose? How does this method work?

Within the vastness of the Internet one can find a lot of conflicting information, that’s why in this article, we will try to answer the most popular questions and give some tips for beginners.

First of all, we are talking about the ability to make cash with the help of your intellect. Making a deal requires a sober mind, cold calculation, and analytical thinking. You should not rely on luck, it is best to approach the study of the issue as thoroughly as possible and read at least a few tutorial articles before you get started.

So, if you decide to try your hand in this area, then you need to start by choosing a reliable broker. There is a wide selection of brokerage sites around the web. One of the convenient and affordable variants to advice for India is IQ Option that allows trading with plenty of financial tools and assets. The broker was founded in 2013 and currently has several prestigious awards. 

In 2018, more than 40 million users from 150 countries were registered on the site of IQ Option.

Using broker’s page as an example, we will consider further actions

IQ Option India

You can start trading after creating an account, it will take no more than one minute (for beginners, there is an opportunity to start mastering a demo account with virtual currency). Registration of a new account in India does not cause any problems. But, to avoid misunderstandings in the future, we strongly recommend spending time and carefully reading all the terms and conditions.

The registration form is located on the right side of the screen. In the window that appears, you will need to enter the following personal details: name, surname, valid email address to send activation code and password to protect your account. The system also asks to put a checkmark which confirms that you have read the rules and the fact of your majority. Always use real details when registering and remember that real trading will require your passport and registration details. Besides the standard procedure, the accounts of popular social networks can also be used for registration. 

If this stage is passed, you will receive a virtual trading account, that contains 100 virtual US dollars for training, and also a real account that can be replenished by bank cards or electronic payment systems.

Now we turn to the technical side of the question. 

How to Deposit Money in IQ Option India?

IQ Option deposit method India is easy to understand. After logging into your IQ Option account, you need to click on the icon in the upper left corner of the screen. In the menu that opens, select "My Account" and choose "Deposit". Available methods of deposit will appear on the right side of the screen. After choosing the appropriate payment method, the menu with a list of proposed amounts will appear to select from, or enter a deposit amount by yourself.

The minimal deposit to start trading is only 10 US dollars (only 2 or 3 large brokers can offer such conditions) and cash withdrawal is carried out in India without any restrictions. The broker offers different ways for deposit and withdrawal, including bank cards, electronic payment options, and wire transfer. Traders can use debit cards such as Maestro and Visa Electron, or credit cards such as Visa and MasterCard. The following deposit methods also work in India:

  1.      Web Money
  2.      Neteller
  3.      Skrill
  4.      AstroPay
  5.      Perfect Money
  6.      Qiwi.

Having said  that the method of withdrawal depends on the deposit method (for example, if your deposit was made with a debit or credit card, you must use the same card for withdrawing cash, because the operation is done as a refund). 

Let's talk in more detail about some of the listed payment methods that can be used to deposit currency in IQ Option in India. 

Note: regardless of your financial situation, we recommend you not to risk, start trading with small amounts. In case of defeat, all funds from your account will be lost. However, many people make massive progress in this area.

  • Bank card

The quickest and the most convenient way to deposit to your account in IQ Option in India is your debit or credit card. This payment method has several advantages, most people have a bank card and use it every day. No hidden fees or charges are needed when using a debit card or credit card. It means that you can deposit in IQ Option as many times as you like, without overpayment for each deposit transaction. To take advantage of this deposit method in India, a trader should fill in the card details: the name and the surname of the cardholder, card number (16 digits),expiration date and CVV or CVC code. After you click "Pay", the money immediately appears in your account in IQ Option. 

  • Web money 

Web Money is also affordable and easy to use the method of depositing IQ Option in India. This electronic payment system charges a small commission (of 0.5% to 1% of the total transaction amount). To use it, you need to register an electronic wallet on the Web Money's official site and then replenish it with one of the possible modes, for example, using a credit or debit card. After that, log in your IQ Option account, choose Web Money as a method of making a deposit and enter the amount you want to transfer. You will be directed to the page of Web Money to confirm your payment via a secret code that will be sent to the phone number, noticed in the registration form.

Done! The funds are credited to your account and you can start trading.

  • Neteller and Skrill

Electronic payment systems such as Neteller and Skrill are more popular in Western countries, but not in India. However, if you still want to use these services, first you will need to replenish your electronic wallet. To do this, log in and go to the tab "Deposit". Indicate India as your country and currency that you want to use. You can make a deposit using a bank card, bank transfer, other electronic wallets or cryptocurrency. Methods may vary depending on your location. Before starting payment, you will be required to indicate your address and date of birth.

  • Qiwi

It is hard to imagine a man in our time who does not have a bank card or registered electronic wallets of the above-listed payment systems, but if it is about you, then the most convenient option is Qiwi service. This electronic wallet is tied to a mobile phone number and you can replenish it through a payment terminal, which are very numerous in big cities.

  • Bitcoin Wallet, AstroPay

To deposit in IQ Option in India you can also use Bitcoin Wallet or virtual prepaid card AstroPay; their use patterns are similar to those that we have already listed, therefore, we will not talk about them separately. 

Since the primary goal of each trader is to make money using an online trading platform, let's take a closer look at how to withdraw funds from IQ Option in India. 

How to Withdraw Money from IQ Option in India?

If this pleasant moment has come and you are looking for IQ Option withdrawal India method, it means that you have calculated everything correctly and now you can enjoy your success. Congratulations! As we have already said, the method of withdrawing funds depends on the deposit method. Thus, before you start trading, it is better to decide which method of deposit and withdrawal is the most convenient in your case.

As with deposit, the most popular method of withdrawing funds from IQ Option in India is by using a bank card. Visa, MasterCard and Maestro are accepted. However, there are two restrictions. First, the trader must use the same card that he/she has previously used to make a deposit. Second, due to technical features, the amount of money you want to transfer on your card cannot exceed the total deposit made over the last 90 days. To withdraw the remaining funds, use any other payment method of your choice.

To withdraw funds from IQ Option in India, you have to fill out an application. The form is quite easy and you can do it fast. Log in to your IQ Option account and choose "Withdraw Funds" in the menu tab. Now you will be asked to select a method of withdrawal: a bank card or the accounts of electronic payment systems: Web Money, Neteller, Qiwi, etc.

In case of transferring money to a bank card, you need to indicate the owner's name and surname and card number, when transferring to a bank account, enter the bank details. For transferring to Web Money it is enough to indicate the wallet number, for sending to Qiwi – the phone number and for Skrill – the email address. It is important to fill in all the data correctly, otherwise, the application may get rejected.

The request status can be monitored in the section "History".  If the status has changed to "Completed", this means that your application has been approved and the funds have been sent, you just have to wait for their transfer. In case of incorrect data filling, you will see the status "Error". Then cancel the application and fill out a new one.

Traders can withdraw from IQ Option from 2 to 1,000,000 US dollars.

Verification

To avoid fraud, you will need to verify your identity. You will be asked to provide the following details: a photo ID (passport or driving license); a photo of both sides of your bank card in case if this method was used to make a deposit (but do not forget to cover the CVV number and leave the first 6 and the last 4 digits of the card visible); if your deposit was made by using an electronic wallet, you will need to provide your ID. This verification will take three business days.

Support service for Indian traders works 24/7. Also on the site, there is a chat where you can communicate with like-minded people in a friendly atmosphere, as well as ask for advice from more experienced traders.

To get more information and decide whether this method of making money on the Internet is suitable for you, visit the official website of IQ Option India.