IQ Option is a popular choice among binary options traders, both in South Africa and around the world.
IQ Option South Africa became available in 2013 and since then has attracted numerous traders and this statement is backed by facts as this binary broker is dealing with traders from 178 countries around the world today.
One of the main attractions of IQ Option South Africa is certainly their minimum deposit requirement which is certainly one of the lowest in the binary options industry.
Their minimum deposit is set at only $10 while the minimum investment is just $1. This is a very attractive prospect for many South African traders.
Additionally, traders also have a fine variety of currencies to select such as USD, GBP, EUR, CAD, AUD, RUB, NZD and JPY.
Yet, this is just the beginning of what IQ Option offers to their registered 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.”
What IQ Option South Africa Offers to Traders?
Aside from the low minimum deposit and investment, IQ Option South Africa also provides traders with a modern proprietary platform which provides traders to experience a highly personalised binary options trading experience.
Their platform uses new 4.0 version which combines both WebGL technology as well as well as OpenGL technology in order to provide their registered South African traders with the amazing trading experience.
Their trading platform is available in a number of different languages like English, Spanish, Russian, Chinese, Portuguese, Turkish, German, Indonesian, Swedish, Turkish, Japanese and Italian.
IQ Option South Africa also provide traders with more than 500 underlying assets divided into four standard categories of commodities, currencies, indices and stocks.
South Africans can also select to trade with interesting trade options like Turbo, Classic and Binary options. A fine selection of expiry times is also available and that includes 60 sec, 2 min, 5 min, 15 min, 1 h as well as the end of the day expiry time.
With their recent update of their trading platform, they also provided traders with various indicators such as Bollinger brands, RSI and Stochastic oscillator.
Additionally, South African traders now have the possibility to open as many as 9 charts in only one window without affecting the functionality of chart performance.
The South African traders have the possibility to choose between two trading account types – Basic Account and VIP Account. Both accounts provide traders with a specific set of possibilities when it comes to binary options trading.
IQ Option South Africa pays a lot of attention to current trends and demands of the modern times which means they provide traders with a mobile trading app which enables trading no matter the location.
Their mobile trading app can be used successfully on Android and Apple devices and is user-friendly. In using the free mobile trading app, South African traders increase their profit-making prospects as they can trade on the go.
Also, since IQ Option is a regulated broker, they obtain high levels of security on their platform so traders experience safe withdrawal and deposit process with plenty of payment methods provided. In most cases, the withdrawal period is estimated at 1 business day.
Is there IQ Option Demo Account?
However, one of the most appealing aspects of IQ Option South Africa is the possibility to use the demo account.
In order to use IQ Option demo, South Africans do not have to make the deposit. Instead, they may first use the free IQ Option demo account. The greatest benefit of the demo account is the fact that it uses virtual funds rather than real ones.
In the case of IQ Option demo, the virtual funds provided are $1000.
That way, South African traders gate to practice their skill in a completely risk-free environment. The demo account is a helpful but also powerful tool as it enables traders to completely focus on the practising and learning aspect without worrying about the possible loss of funds.
Additionally, traders also get better acquainted with the trading platform and become more confident about the trading process and all it involves.
The IQ Option demo is very similar to the real trading account when it comes to the selection of expiry times, underlying assets and trade options though it is not as extensive as the real account.
It is easy to see why IQ Option South Africa presents such an interesting and attractive prospect for South Africans.
In addition to various trading features and tools and a state-of-the-art proprietary platform, IQ Option also provides a professional customer support service. The customer support can be contacted via several channels like email [email protected] or via several phone numbers provided in their Contact Us section.
This popular binary broker also provides an amazing education section which South African traders may use to improve their knowledge and understanding of trading binaries.
In their “How to Start Trading” section they have several videos which guide South African traders through various stages of the binary options trading process step by step.
Their FAQ section is also very detailed and can help traders immensely.
With all they have to offer to their registered traders, it is easy to understand the attraction IQ Option South Africa presents on the binary options market.
Especially when, according to information on their site, South African traders stand a chance to achieve up to 91%* profits on a successful trade.
“Amount to be credited to account for a successful trade.”