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IQ Option South Africa

IQ Option was first introduced to the binary options traders across the world back in 2013. Since then, it’s gained a substantial amount of recognition by providing a huge range of assets, including CFD, Forex, and a big number of cryptocurrencies.


IQ Option is headquartered in Cyprus and their official website is in several different languages English, Russian, Arabian, German, Turkish, and lots of more. within the beginning, one among the most reasons behind this brokerage website’s popularity was the power to trade binary options with a really short amount of deposit. As binary options are known for his or her quick returns, the demand and acceptability of IQ Options escalated rapidly. With time, this website also included cryptocurrency trading with 15 very fashionable cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar Lumens, NEO, etc.

In recent times, Forex, options, and cryptocurrency trading has become tremendously popular among the traders of South Africa . New investors from this country are joining these booming markets everyday making it one among the leading nations in both Forex and cryptocurrency trading. Therefore, it’s quite natural that South African traders would be veritably curious about IQ Options also . Here, a couple of aspects of this brokerage website would be discussed for his or her convenience.

Licence and Regulation

Being licensed by a legitimate regulatory body of a specific country is extremely important for the credibility of any brokerage website and IQ Option is not any exception. This highly popular website is out there in additional than 27 countries across the world and everywhere it’s licensed by major regulatory bodies. As IQ Option Europe Ltd is headquartered in Cyprus, the licence from CySEC (Cyprus Securities and Exchange Commission) plays a serious role during this website’s credibility round the world. CySEC is taken into account one among the foremost reliable regulatory bodies for his or her flawless and stringent system. Also, citizens of South Africa can actively participate in IQ Options trading as during this country IQ Option Ltd. is registered at Seychelles and isn’t regulated.

Registration

Registration is extremely easy. Besides a simple registration form IQ Option allows registration via Facebook or Google+ accounts. Once the age of the newly registered trader is verified, s/he can begin trading directly on this website.

Account Types

IQ Option offers mainly three sorts of accounts for his or her non-European clients namely the demo or training account, regular or real account, and therefore the VIP account. Each of those accounts comes with their own single features. The demo account is strictly for the neophyte traders where they will study various aspects of Forex or cryptocurrency trading and got $10,000 as virtual deposit. As for the regular accounts, the traders got to register following due process of law and providing age verification. just in case of real accounts, the trader has got to possess a minimum of $10 as initial deposit and may trade over 70 various available assets consistent with their individual predilection. Although mainly inexperienced traders choose the important accounts, experienced traders also can enjoy this account as they receive up to 30% return on their every deposit. VIP accounts are usually chosen by veteran traders because the amount required as minimum deposit is $1,900. VIP traders can have access over quite 100 different trading assets. VIP account holders even have their own personal managers.

 

Bitcoin trading

Trading Conditions

The website of IQ option is extremely much user-friendly and simply manoeuvrable. The traders signing up for both real and VIP accounts are given a good array of various tradable assets. If we delve into IQ Option’s trading conditions, we might find:

 

Assets: IQ option offers all three sorts of assets to the investors including Forex, Cryptocurrency, and Stocks. they provide 27 currency pairs including EUR/USD, GBP/ USD, USD/CAD, etc. to the Forex traders while providing the leading 15 cryptocurrencies to the crypto-traders. For the investors curious about stock exchange , they provide 433 different stocks from companies like Microsoft, Google, IBM, Apple, and lots of others. they provide 66 options for the choice traders also .

Minimum Deposit: The minimum deposit amount for all types of traders having a true account is $10 whereas the VIP account holders need to possess a minimum of $1,900 because the initial trading deposit.

Negative Balance Protection and Spreads: IQ Option also protects their traders from acquiring a negative balance during certain trading procedures. This website also offers tighter spreads and doesn’t demand any commission form the investors.

 

binary options

Trading Instruments

IQ Option offers two major trading instruments for his or her registered traders namely the binary option and digital option.

Binary Option: just in case of binary option, the payoff amount is fixed beforehand and is structured on the idea of the quantity of indemnity the trader should receive if the trading expires. These options last for a really short period of your time and offers considerable returns on investments.

Digital Option: the sole difference of digital option for the binary option is that during this case the payoff amount are often manipulated by changing the strike price. Digital option is additionally becoming very fashionable among the traders of South Africa for its flexibility.

CFDs on Stocks

Assets: 30 tradable assets from renowned organisations including Facebook, Google, Apple, Amazon, IBM, Microsoft, and lots of more.
Maximum leverage: x10 (T&Cs Apply)
Spreads: Reasonable tighter spreads which may vary consistent with market condition

CFDs on Forex

Assets: Currency pairs including Euro, US Dollar, Canadian dollar , Great Britain Pound, Japanese yen, Swiss franc etc.
Maximum leverage: x500 (T&Cs Apply)
Spreads: Reasonable tighter spreads which may vary consistent with market condition

CFDs on Cryptocurrencies

Assets: 15 major cryptocurrencies consisting of Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, IOTA, Zcash, Omisego, Tron, Stellar Lumens, Bitcoin Gold, Ethereum Classic, Qtum etc.
Maximum leverage: x5 (T&Cs Apply)
Spreads: Reasonable tighter spreads which may vary consistent with market condition

On the IQ Option trading platform, the leverage tool is termed because the multiplier. Their development team is additionally close to implement other innovative options like ETF very soon. As for the cryptocurrency traders, this website offers Open Trading Network tokens or OTN tokens for purchasing real cryptocurrencies from legitimate currency exchanges.

Forex trading platform

Trading Platform

IQ Option depends on its own unique software program unlike other websites and goes through frequent developmental updates for creating further ameliorations. They endeavour to supply a really user-friendly also as accurate trading platform for his or her traders. The trading platform is suitable for both inexperienced and veteran traders and is supported on browsers like Mozilla Firefox, Google Chrome, etc. along side operating systems like iOS, Android, and Windows.

IQ Option Tournaments

IQ Option arranges free weekly tournaments for non-EU traders from various financial markets. Despite the danger factor, these tournaments are often highly rewarding to the participants because the traders would get to require part on other paid tournaments absolutely freed from cost upon winning.

IQ Option App and Download

Interested traders can easily download the IQ Option app form Google Play Store also as Apple Store. because the trading platform of this brokerage website is supported by both iOS and Android, any Smartphone holder can use this ingenious application for trading various assets.

Deposits and Withdrawals

In the brokerage website of IQ option, the traders can have a quick and accurate deposit and withdrawal system – even possible without paying any commission. Options like credit cards, wire system, and eWallets are always available for conducting such procedures. IQ Option accepts a huge range of cards including Mastercards, VISA, Maestro, and eWallets. For eWallets, the withdrawal process usually takes one business day whereas for wire transfer it can take as long as 10 business days.
Please note that there’s 53$ fee for withdrawals via bank transfer. So we recommend using eWallets.

Demo Account

The demo account of IQ Options has been proven to be extremely effective for novice traders because it provides a big number of useful trading tools like currency charts for getting familiar with the present trading methods. The demo account holders are given $10,000 as virtual money for practising their trading prowess before opening a true or VIP account.

Education

IQ Option’s education section is accessible to everyone and comes with several tutorials and trading tools like candlesticks charts to teach the newcomers with the nuances of Forex, CFD, or cryptocurrency trading.

Customer Service and Support

This website offers a 24×7 customer service to their clients and answers every possible query. The traders also can email their personal queries and complaints to [email protected] This website offers their customer support in multiple languages also suitable for traders who aren’t well-versed in English.

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$ 10,00

Minimum Deposit

$ 10,00

Minimum Deposit