GETTING STARTED WITH IQ OPTION IN MALAYSIA
Want to trade with IQ Option in Malaysia? But don’t know how to start? You have come to the right place. This is the best guide for you to start your trading journey with IQ Option in Malaysia! Get an overview of the necessary information which is a must for you to start your trade. Being a new trader on IQ Option, you will be given a Demo account to test your skills and limits. The Demo account comes along with USD 10,000 of virtual money. You will also have the liberty to top it up in case if you need some more virtual money or if your Demo balance becomes null. Excelling in any field is certainly not an easy task, and cannot happen with a blink of an eye. It will surely take some span of time for you to get familiar with the IQ Option platform. The most important thing is to explore and grasp more and more knowledge. The higher the number of trading opportunities you explore, the higher the rate of knowledge. Being a newbie, there might be several questions that might be fighting in your mind regarding the overall process of IQ Option in Malaysia. Worry not! Here are some frequently asked questions by every new trader. Have a look!
· Opening an account on IQ Option:
The first thing to be noted in order to trade in this platform is that the user must be over the age of 18. After that you can follow these simple steps given below:
1. Open the IQ Option website viz., iqoption.com.
2. Select your preferred language.
3. Click the ‘Sign Up’ option to start the registration process.
4. Fill up your personal information in the appropriate fields.
5. Tick the confirmation option if you accept the terms and conditions.
6. Click the option ‘Open an account for free’ and now you’re all set to trade!
· How to start with IQ Option?
Starting up trading with IQ Option in Malaysia is extremely easy. The basic steps that you need to follow are:
· A soon as you open the IQ Option page, you will be asked to enter your account details.
· Now, after completing the process of setting up your account, you will be asked to pick an account of your wish which you want to use for trading such as demo, real, or tournament to participate in events.
· Then press on the ‘+’ option in order to open a new asset.
· Now pick the ‘binary’ indicated on the first position in the list from across 300 different assets.
· Now select the form in which you are willing to invest your currency pair or shares. After that, the chart will be displayed in order to show you the online price changes. The traders have the liberty to select time periods of their choice ranging from 2 minutes to 30 days.
· Now you have to select the amount that you are willing to invest along with the inspiration time.
· Now the final and the most important step, your prediction. You be will have to choose either ‘Higher’ or ‘Lower’.
After the completion of the time period, the trader will either be getting a fixed profit or will lose money. It is all dependent on the further movement of price.
· How to initiate a deposit with IQ Option in Malaysia?
The process of depositing can be performed through the Malaysian Ringgit (MYR). The payment method will be asked after clicking on the ‘Go to payment’ option. There are three ways in which you can deposit for IQ Option in Malaysia:
1. Wire transfer method:
In this method, you can transfer money from your Malaysian bank account to your IQ Option account. This method is very fast (can be done within 1–5 minutes). Banks like CIMB Bank, AmBank, Maybank, Public Bank, Hong Leong Bank, RHB Bank are accepted. The minimum deposit amount to start an account is 50RM or $15.
2. Bank card:
This method of transferring money can be performed through Visa Card, Master Card, or pre-paid AstroPay Card. The minimum deposit amount to start an account is 40RM or $10.
3. E-wallets:
E-wallets are also a common method used for depositing money. The widely accepted E-wallets are Adv Cash, Perfect Money, Skrill, Neteller, WebMoney.
· How to withdraw?
Withdrawals are somewhat similar to deposits. It can be done by following methods:
1. Wire transfer:
Transfer from your IQ Option account to your Malaysian bank account. The withdrawal time period is from 1 to 3 business days.
2. Refund of the initial deposit:
The same amount deposited can be withdrawn, if done from the same Bank card within 90 days.
3. E-wallets: Money can be withdrawn within 1 to 3 business days.
