How to Deposit Money in IQ Option From India? (A Complete Guide)

Binoptionen Writer - Cody Walls
Cody Walls

IQ Option is a powerful broker platform where users can leverage a range of effective and time-tested trading instruments while making strategic investments to earn profit. The online broker is licensed and regulated and prioritises transparency with their customers scattered across the globe. 

The platform even provides a demo account loaded with 10,000 USD starting funds, all of which are dummy money. Such an offering by IQ Option helps trading aspirants get familiar with in-platform investment strategies and trading tools, the dashboard's functionality, and different ways to trade using IQ Option's interface.

However, if you're ready to begin your online forex trading adventure using real money, you must deposit funds in your account to trade with. For this reason, IQ Option provides users with a streamlined and straightforward process of depositing money.

Here are a few popular deposit options for IQ Option users in India:

  • Credit Card/Debit Card
  • Internet Banking
  • E-Wallets (AdvCash, PayTM, GooglePay, Neteller, Perfect Money, Skrill, WebMoney, and GlobPay)
  • RuPay

You can deposit funds into your IQ Option account in India by verifying your personal details, choosing your preferred payment method, and inputting correct payment details.

In this article, we'll go through a complete guide on the methods of depositing money in your IQ Option account.

IQ Option Deposit Methods

IQ Option Deposit Methods

The trading platform has a lot of convenient options for forex traders to deposit money in their accounts. Here are some of the most commonly used mediums:

Credit Card/Debit Card

You can use Visa or Mastercard cards to deposit money. These transactions are one of the easiest and quickest as they are carried out instantly. Although this method is quite convenient, you cannot withdraw your profit through your bank card, making it necessary to have an alternative payment method available.

Internet Banking

This option is perfect for traders who want to transfer funds from their Indian bank account through a secured payment gateway. This is an excellent option for those who don't possess a bank card or an eWallet. However, such transactions aren't instantaneous and are made within 1-3 business days.


Traders can use electronic wallets/eWallets such as AdvCash, PayTM, GooglePay, Neteller, Perfect Money, Skrill, WebMoney, and GlobPay. This is the fastest method to deposit money, only taking a few minutes. But keep in mind that you need to go through the eWallet's elaborate verification process before using it to deposit funds to your account.


RuPay is also accepted by IQ Option, the option being added recently. The transaction will replenish your account in 1-3 business days.

There is no "best" payment method per se, as each option has its own merits.

For example, eWallets are quick, but registration may take time if you don't have one already. On the other hand, bank cards are quick and easy but don't work for withdrawals. Additionally, bank transfers are secure but take much longer. This is all to say that you need to choose the option that is convenient for you; there is no correct answer.

How to Deposit Money in IQ Option in India?

IQ Option Deposit

You can deposit money in IQ Option by going through the 'Deposit' button. Note that IQ Option deposits aren't charged with any fees and are secure and relatively fast.

The process of depositing money is straightforward. Here are the steps you need to follow if you are depositing funds through the IQ Option website.

  • From the IQ Option Website, log into your trading account.
  • Click on the 'Deposit' button in the upper right-hand corner of the screen.
  • If you are already in the trade room, you can directly click on the 'Deposit' button from there as well.
  • On the left side, choose the method of payment.
  • Choose the amount you wish to deposit by pressing the recommendation list's corresponding button or manually entering the amount.
  • Click on 'Go to Payment' and fill in the details required for the financial transaction.
  • Pay the deposit amount, and a confirmation window will pop up, verifying your deposit.

Note: Deposits are made in USD, GBP, or EUR. If by chance, your bank account runs on a non-Indian or alternative currency from the ones listed above, the funds will automatically be translated to your account’s currency.

Depending on the payment method, funds will be credited to your IQ Option wallet in a specific time period. Remember, it is easy to get started at IQ Option with a low minimum deposit amount.

IQ Option Minimum Deposit in India

IQ Option Minumun Deposit

The minimum deposit amount for IQ Option is $10 or approximately ₹740. 

When making an account on the platform, you will be asked to set your account currency. This is the currency in which you'll deposit and withdraw later. India-based traders can use USD, INR, GBP, and EUR.

Note: This is a permanent choice, so be sure in your decision.

The minimum investment amount is as low as $1 or approximately ₹74, so you can trade to your heart's content without too high of a risk.

Know that the value of the $10 will fluctuate with the changes in currency values. As its relation with INR changes, so will the deposit amount.

IQ Option Deposit Fee

IQ Option Deposit Proccessing Fees

A fantastic thing about IQ Option is that the broker doesn't charge any fees when traders make a deposit.

Moreover, the platform doesn't charge any fees for trading either. This means that users can trade their preferred assets without worrying about trading fees, which is yet another reason why IQ Option is such a phenomenal broker.

You'll only come across fees if your eWallet charges extra costs for transactions. To simplify the previous statement - IQ Option won't take a single rupee away from you.

How to Check Deposit status?

You can easily check the status of your deposit through your IQ Option account. The broker values transparency with its clients, so you are sure to know just where your money is.

Once you’ve deposited money in your account, the funds will be instantly shown in the balance section, or 1-3 days will be taken for the funds to appear in your account.

If your deposit is taking time, you can check the deposit status by following these steps:

  1. From the home page, click on your profile.
  2. Click on 'Balance History'.

Your payment status should show up there along with the past transactions. The bottom line is to stay patient. Payment methods like bank transfers require more time to reach the broker. Fact is, traders can trust that their hard-earned funds are in safe hands. After all, IQ Option is regulated by renowned financial organisations.

IQ Option Deposit Bonus

IQ Option Deposit Bonus

IQ Option doesn't offer any bonuses for its traders.

This is because the EU doesn't allow such bonuses to be given by any broker under their jurisdiction. IQ Option has readily complied with the rule, seeing as they're regulated by CySEC, which allows them to operate in the Union.

CySEC has expanded the scope of the bonus ban from just cash rewards. In other words, bonuses that aren't connected to trading are still considered soliciting.

For this reason, IQ Option doesn't offer welcome and deposit bonuses, as well as trading volumes-based bonuses, referrals, verification/webinar promotions, tournaments, and bonus interest rates.

IQ Option Deposit Problems

IQ Option Deposit Problems

Depositing money into IQ Option is often seamless, being completed without any hitches.

However, there are always exceptions. More often than not, any issues faced can be cleared by the users themselves by using these tips:

  • Properly check the details entered. A misplaced number will result in your transaction failing
  • Confirm you are entering the correct CVV or 3-D secure code during the fund transfer
  • If you are facing issues trying to deposit money through the mobile application, try using a computer or laptop to complete the transaction
  • If you're using the UPI method, the payment request will come directly on your mobile phone. Make sure to pay the amount before the page expires. If the page expires, your transaction will fail. This stands for your IQ Option deposit page and the UPI page
  • In case of bank payment, make sure your bank is equipped to transfer funds internationally. Certain deposits are declined if the bank restricts international payment

If your queries still aren't resolved, you can contact IQ Option's customer care to figure out the problem. The broker provides 24/7 customer support service, so don't hesitate to call or email.


Is it safe to deposit in IQ Option?

Yes, it is safe to deposit your money in IQ Option. The platform is a renowned binary options broker that millions of registered traders have trusted since its conception in 2013.

The broker will keep your funds secure, and you can choose to withdraw them at any time.

Can IQ Option Deposit Money to My Account Automatically?

No. IQ Option is a secure and renowned online broker. The company isn't able to debit your account without your explicit permission.


If something like this happens, check whether a third party has access to your payment options

Does IQ Option Accept UPI Payments?

Yes, you can use UPI payment to fund your IQ Option account. Here is a small tutorial to follow:

  1. Go to the 'Deposit' page in the top right corner
  2. Click on the UPI option on the left, select the amount, and click continue
  3. Put in your email and name
  4. You will see the amount of money being deposited in your local currency on the next page. Put in your UPI address
  5. Finally, through your UPI application, pay the money requested by the broker

The transaction will be completed after your pay. Not to forget, UPI payment also gives you an instant deposit with no wait time.

Do I Need to Provide Any Documents to Make a Deposit?

No, you don't need to provide any documents to deposit funds in IQ Option.

However, you need to verify your identity by submitting documents before withdrawing money from your account. 

For that, you need to upload:

  • A scan of your ID (Passport, Driving License, Aadhar Card, Voter ID, etc.)
  • If you used a bank card to deposit money, a photo of both sides of the bank card you used must be uploaded. (Make sure to hide the CVV number and only have the first 6 and last 4 digits of your card number visible.)
  • If you used an eWallet for depositing funds, you have to submit a scan of your ID only

Verification of the documents will be done within three business days after making a withdrawal request.

How Much Time Does it take for the Deposit to Reflect in IQ Option Account?

It can take up to 1 to 3 days for the deposit to show up in your IQ Option account. 

However, this is when you deposit with methods like bank transfer and RuPay. With eWallets, bank cards, and UPI, the reflection of funds is instantaneous.

Can I Change the Currency of My Account?

No. Once you have selected the currency for your account, you cannot change it to another.

But there is no need to worry. Whatever currency you deposit in, the platform will automatically convert it into the currency chosen on your account. That is to say, the account currency chosen doesn't impact your deposit methods.

Can I Deposit Money Using Someone Else's Account?

No. All deposit methods must belong to you, and this is an absolute rule mentioned in IQ Option's Terms and Conditions. Whether card ownership, eWallet account, or bank account, everything must be under your name.


If in case you have attempted to use another trader's account to deposit money, your account may be blocked by the broker.