Get a free $10,000 demo account!

Your capital is at risk

IQ Option Broker Review 2016

  • Min. Deposit $10
  • Min. Invest $1
  • Return 91%*

The number of binary options brokers is increasing day by day, which has made it difficult for serious binary brokers to distinguish themselves from scam.

For that reason, we decided to review IQ Option broker and provide detailed information for our readers in South Africa.

IQ Option broker review helps in understanding how they are one of the best brokers in South Africa thanks to their exceptional features.

Bonuses are no longer available with IQ Option binary broker!

*General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
IQ Option

IQ Option Trading Platform

IQ Option was established in 2013, since that time the broker has maintained its reputation of being an excellent choice when it comes to choosing a binary trading platform. To traders in South Africa, this broker offers proprietary platform, which is actually custom made.

As one of very important information we got from IQ Option broker review is that this broker offers one of the lowest minimum deposits in the industry, just $10. However, payouts can go up to 91%*, which is very attractive for South African traders, interested in joining IQ Option platform.

Minimum investment is set to $1. With IQ Option, traders can trade in following currencies: USD, EUR, GBP, JPY, RUB, CAD, AUD and NZD.

*Amount will be credited to account in case of successful investment

IQ Option Trading Features and Services

It is specialty of IQ Option broker to provide a wide range of options for beginners as well as professional traders. There are over 500 assets to select from. Traders from South Africa are given privilege to trade in commodities, currencies, stocks and indices.

Side by side, they are given freedom to choose short time or long time trading options to meet their needs.

With IQ Option, traders can choose between trading with Turbo, Binary and Classic trade options. Available time frames are: 60 s, 2 min, 5 min, 15 min, 1 hr and end of day.

IQ Option has gained reputation of an innovative and user friendly platform that offers demo account service to help out all traders. IQ Option demo is perfect for traders since there is no threat of risking funds due to trading with virtual money on this demo account.

Instead of real money, virtual amount is invested for each trade. Traders are given just 13 different trading assets. Our IQ Option broker review shows how demo account improves skills and help in learning best trading techniques and fundamentals that can give long term benefits.

Apart from demo account, video tutorials and eBooks are the well structured learning tools that make it certain to educate traders and support them in becoming successful in the binary trading market. To earn more and more profit, South African traders have on disposal to select among variety of educational tools.

Is IQ Option Going to Offer Forex and CFDs Trading?

Forex and CFDs trading are the newest additions to IQ option trading portfolio. Traders will be happy to know that they can now expand their investment plans with these popular financial instruments.

IQ option forex trading is the type of online financial trading that is focused on currency pairs. On the other hand, IQ option CFD trading is based on contracts for difference between the strike price of the asset and the closing price. Brokers who choose to offer these instruments are obligated to strictly follow the licensing rules which means that the ultimate goal is customer protection.

IQ Option Trading Accounts

As IQ Option has a preference to make its website simple and user-friendly, therefore just two account types are planned for customers. These are known as VIP account and Real account.

IQ Option Real Account

Real account holders need to deposit minimum $10 whereas traders can receive buy-back more than 45%*.More than 500 assets are available to begin options trading.

 Weekly webinars are presented to understand trading terms. In case, traders have deposited $100, they are eligible to use trading signals free of cost. Funds can be withdrawn within three working days.

IQ Option VIP account

To become the member of VIP account, the interested traders have to submit minimum $3000. Personal manager and VIP webinars are given on guaranteed basis.

To receive maximum profit, South Africans can get monthly trading analysis. All trading assets, including stocks, commodities, currencies and indices are on disposal. Fast withdrawal within a day is possible for VIP account holders.

*“Amount to be credited to account for a successful trade.”
*General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
IQ Option

IQ Option Customer Support Service

Through a survey, it is reported that South African traders desire to choose a trading platform that offers 24 hours customer support. Only a trustworthy broker, such as IQ Option claims to be, helps out traders round the clock.

In case, customer support is inactive when traders are in trouble and need guidelines, they may loss their funds at the end of the trade. Our IQ Option broker review showed how quality customer service is really good and useful.

It is possible to contact this broker via email [email protected], phone and online web form.

Customers from 28 countries are given supportive services on priority basis. To assist traders, customer support is offered in a variety of different languages. It is the reason; IQoption has become an excellent choice for South African traders.

Apart from email, online chat and phone option, customers can contact with the experts through Skype as well.

IQ Option Banking Info

To support first-time traders, IQ Option has planned straightforward sign up procedure. Traders are asked to provide details to prove their identity, location and bank account. After confirmation of an account, traders can select deposit, account type, assets and duration of an asset.

IQ Option offers minimum deposit $10 and minimum investment $1 which is affordable for investors who do not have sufficient funds to begin trading. With IQ Option, you can also deposit in South African Rand, and minimum deposit is 150. Please check out all currencies accepted in the table next to the article. 

iqoption deposit

To deposit funds, there is diversity of options like MasterCard, Visa, Visa Electron, Maestro, Skrill, WebMoney, Bank Wire Transfer,POLI, iDeal, Boleto, FasaPay and QIWI. These payment options cover both credit cards as well as e-wallet providers.

On the other hand, the withdrawals are fast and require one working day.

Methods that are used for deposit are available for withdrawal as well. According to the type of withdrawal, a withdrawal fee will be charged for wire transfer only. This broker does not charge fees for credit/debit cards and e-wallet withdrawals.

Just like minimum deposit, the minimum withdrawal starts from $10; however trader can withdraw as high as $1,000,000. It is important to use same method for deposit and withdrawal process.

Banking information also gives surety that this broker is not a scam because details about the deposit and withdrawal are provided on the main page. The platform has used SSL encryption in order to protect sensitive data of South African traders.

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

IQ Option - Review Conclusion