So I have received several questions in regards to the help I offered to some members with their first deposit with IQ Options so I will answer all. It does not mean that the ones that I have helped by sending them the money are unhappy, not at all! But I have always liked to clear things up in order to keep a positive environment with my group. So let's begin.
1. Why only IQ Option?
The brokers I recommend, which are fully regulated, request a minimum deposit of $250 (AnyOption) or $200 (24Option) for example. So if I decided to help 10 people with their first deposit with any of those brokers I would have to pay at between $2,000 to $2,500 which is not a small amount to get out of my pocket. Taking in consideration that the group is 100% free, no donations have arrived in the last month and the money to pay the signal providers and to help new members with their first deposit is now coming directly from my own bank account. With IQ Option and the minimum deposit of $10 I can easily help 50 people and it will be $500 which makes it way more affordable.
2. What do you get in exchange from the broker?
Everybody knows now that brokers pay commission per every trader that registers using someone's affiliate link. IQ Option is not the exception, however, due to the low deposit, they pay 3% of commission on each trade. So let's imagine that the people with a $10 deposit trade with minimum size of $1, the profit would be $0.03. I am telling you this so that you understand that it might take a while for me to recover those $10, however, it is a huge help for the trader that is receiving his first deposit. If those $10 end up being $1,000 in a few months, then I would be looking at profits, but for now, new traders having real money to invest is the main goal.
3. Why if I already made a deposit in the past and a I want to make a new one now you won't help me?
This project is to help traders that are either very new or that don't have the economic situation to invest $10. Although it sounds like a really low amount for some people, it really is a huge amount of money on several countries. I will only help people that really need it to optimize the union of the group. My goal is that all of the members in my group are trading with real money and making profit. That is the main target on this project.
4. IQ Option is not available in my country, How can I qualify?
Unfortunately, if IQ Option is not available for you, I cannot help you on this project. I will not support any non-regulated broker whatsoever. So even if you have a low deposit broker and you are in a country that don't accept IQ Option, you won't be able to be part of this initiative. I know it sounds hard but I am being honest and strict with the rules of the project.
5. What happens if I don't have a Skrill or Neteller account for the transfer?
It is a MUST that you have either a Skrill or Neteller active account to receive the deposit. The reason is because a wire transfer would have a higher charge than the $10 so it won't make sense and PayPal is not an option as IQ Option does not take PayPal deposits. If you create one it is fine you can create one for free here. However, if you don't have one, then you don't qualify for the project.
I hope this answers the 5 questions I received since yesterday and clarifies everything. I have sent several first deposits already in less than 24 hours which is good and I do hope that this helps you in your financial success. Thanks for reading.