What is Pay Trading?
Pay Trading is a trading platform that makes it easy for you to start your career as a trader. You can start practicing on a demo account, and then continue trading with real funds. Our graphical tools and convenient technical analysis indicators help you make trading decisions.
How much money can I make?
Your success depends on your skills and patience, your chosen trading strategy, and the amount you are able to invest. We recommend watching our training videos first, so you can make more informed transactions. Beginning traders can try out their skills and practice on the practice account.
How much money can I make on the practice account?
You can't take any profit from transactions you complete on the practice account. You get virtual funds and make virtual transactions. It is intended for training purposes only. To trade using real money, you need to deposit funds to a real account.
What is volatility?
To put it simply, volatility is how much a price changes. With low volatility, changes are insignificant on the chart and the asset might expire at the same level where you bought the option. But when the chart shows high volatility, the asset's level fluctuates quickly. We don't recommend trading when prices are highly volatile for inexperienced traders who don't understand why the price is fluctuating.
How do Classic Options differ from binary options?
Classic Options is an innovative product with unlimited profit that allows you to trade 500 different assets. It works almost exactly the same way as trading binary options: by buying a Call or Put option, you invest funds in the rising or falling price on a certain trading asset.Unlike binary options trading, your profit here is not restricted in any way, and transactions can have longer terms (until the nearest Friday when the exchanges close). But the main way that classic options are traded is preterm selling before the expiry, since the key here is to make a decision at the right time.
How do I trade Classic Options?
Just as with binary options, your goal is to predict the movement of an asset. However, instead of relying on the familiar technical analysis indicators, you should focus on fundamental data and market news. The market behavior of branded assets depends largely on the publication of financial statements and reports, presentations of new products, decisions made by governments, and global politics.
How are the Call and Put prices determined for an option?
We receive this data from 13 major stock exchanges and select the most profitable offer for you. Option prices are market-based and can vary greatly depending on the price of the underlying asset, its demand among investors, and its expected performance.
How does the price of an option change over time?
In general, the closer the expiry date, the lower the option price is at the selected strike, since the duration of every option is restricted by the expiry.
How do I add more money to my account?
To reload your account balance, click the Deposit button in the top right corner. In the window that opens, you can choose the amount to deposit, the payment method, and the bonus amount for the deposit. There are a variety of ways to make a deposit without a commission: using a Visa, MasterCard or Maestro card; with Skrill, Neteller, Moneybookers, Giropay or Sofort; and many other payment systems. We are always adding new options for topping up your account.
What is the minimum amount per deposit?
We want to make trading accessible to everyone, so the minimum deposit amount is $10 or €10, depending on the account currency. You can open transactions on the platform starting at just $1 or €1.
Is a commission taken on deposits and withdrawals?
We do not charge any fees or commissions for deposits and withdrawals using a bank card (Visa, MasterCard, or Maestro), WebMoney, Skrill, Moneybookers, Neteller, or other financial services. A commission is charged only for withdrawals via wire transfer to your bank account, because the bank takes a commission from us for sending the transfer.
What is a bonus?
When you top up your account, you can get extra funds credited in addition to your deposit. This is your bonus. The amount of the bonus depends on the amount you deposit. As a result, your account balance will have more money on it, which means you can make more serious trades and gain experience. You can always cancel the bonus and withdraw the deposit amount. However, the bonus money will be available for withdrawal only after you generate a trading volume that is 35 times greater than the bonus amount.
How do I withdraw money?
To withdraw your money, go to Withdraw Funds. You will see a list of large icons representing available methods of withdrawal. Choose a method, enter the amount and other information, and click "Withdraw Funds". Your request will be handled within a day or two and you will receive your earnings.
How long does it take to withdraw funds?
Withdrawal requests are normally processed within 3 business days, although processing is typically faster than this.
What are the minimum and maximum withdrawal amounts?
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. The maximum allowable withdrawal amount is $1,000,000.
How much can I withdraw per day? Is there a limit?
You can withdraw up to $1,000,000 per day. The number of withdrawal requests is unlimited. The withdrawal request must not exceed the amount available on your account.
How do I change the name in my personal information?
We require you to use only real personal data. If your account has already been verified, you can't change your last name, first name, or other existing information. If you haven't verified your account yet or you haven't finished the verification process, please understand that we need your personal data in order to provide fast withdrawals and ensure the security of your funds. Contact Support if the data that you have already given us is incorrect. If you want to hide your real name from other traders, you can generate a random name in your personal settings.
How can I change my email?
Your email address is required for signing in to the platform, but you can change it in your profile at any time. To do this, click the profile icon in the upper-right corner and go to the Personal Data section. On the page that opens, go to the Settings tab. At the very top, you will see a box where you can set a new email address.
How do I change my phone number?
We require you to use only real personal data. If your account has already been verified, you can't change your phone number or other information. If you haven't verified your account yet or you haven't finished the verification process, please understand that we need your personal data in order to provide fast withdrawals and ensure the security of your funds. Contact Support if the data that you have already given us is incorrect.
I forgot my password. What should I do?
When you sign in to the site or app, you can click the "Forgot your password?" link and enter the email address you used for registration. You will get an email message with a link for setting a new password.