What is Allstate Mining?
Allstate Mining 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.
What are the purchase time and the expiration time?
The chart shows two lines marking points in time. The purchase time is the white dotted line. After this time, you can't buy an option for the selected expiration time. The expiration time is shown by the solid red line. When the transaction crosses this line, it closes automatically and you take either a profit or a loss for the result. You can choose any available expiration time. There is usually a range available from one-and-a-half seconds up to one month.
How should I choose the expiration time?
If you don't know what expiration time to choose, we recommend trying a longer period, since it's usually easier to make a prediction that way. We also recommend focusing on longer time frames: zoom out of the chart to see the bigger picture. When you zoom in too close, it is difficult to notice the emergence of a price trend or other factors that affect the asset price.
How many options can I buy per expiration?
We don't restrict the number of options you can buy for an expiration or an asset. The only limitation is in the margin: if traders have already invested a large amount in the chart direction you have selected, the amount you invest is limited by this margin. Most likely, you will never see this happen, since the number of buyers and sellers is almost always the same. If you are working in an account with real funds, you can view the investment limit for each of the options on the chart. Click on the box where you enter the amount.
What is the minimum price of an option?
We want trading to be available to everyone, so the minimum transaction amount on our platform is $1 or €1, depending on the selected account currency. The minimum deposit amount is $10 or €10
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.