IQ Option is one of the most recognized binary options brokers available for South African traders.
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!
IQ Option Login
The speciality of IQ Option broker is that they offer a proprietary platform for their registered traders. This means that platform is custom made, which provides different trading experience for South African traders. To be able to make IQ Option login, traders first have to be registered on the trading platform. Traders should know that both registration and IQ Option login are simple according to our review. They can be done within just steps, which is great since there is no reason why to complicate IQ Option login process.
IQ Option login field is placed in the upper right corner of the trading platform. South African traders are required to provide an email address and password for the login to be successful. However, new traders first have to open an account and click on registration tab.
When new window opens, traders need to provide some information, such as first and last name, email, password. They also have to select if they want to open a demo or real trading account. The last step is to confirm traders accept Terms and Conditions. After South Africans finish IQ Option login, they will get full access to the trading platform where they can start trading binary options.
To registered traders, IQ Option offers three different account types: demo, real and VIP account. It is recommended to start with a demo account first, especially if we are talking about new and inexperienced binary options traders.
Once traders finish IQ Option login, they only have to deposit and begin their trading experience.
IQ Option Demo
IQ Option offers excellent trading features and services that can contribute to better trading results and profit gain for all traders who use them. As one of the most popular and widespread services is by far IQ Option demo account. IQ Option demo is free to use and presents an excellent opportunity for South African traders to get the most from binary options trading. As mentioned above, after IQ Option login is completed, traders can select if they want to start trading journey with demo account or real one.
It is always recommended to use IQ Option demo if traders are new to binary options trading. The reason for this lies in a fact that with demo account, traders can test the platform and trade without any risk. So how is that possible? The whole idea of IQ Option demo is to provide traders opportunity to improve trading skills and get the best trading knowledge that can later on, be used in real account.
Trading in risk-free environment means that traders place trades with virtual and not real money. Therefore, there is no way to lose any money which is great since traders can perform trades without having fear of losing any money. This broker offers traders a possibility to sign in to IQ Option demo via Facebook and Google+.
Another thing we noticed while reviewing this broker is that they fund IQ Option demo with $10,000 of virtual money,
Overall, IQ Option demo has many advantages and it is understandable why they are preferred broker on the South African market. With IQ Option demo, traders can practice and gain more trading experience. In case traders have any questions regarding how to use IQ Option demo, they can contact their customer support service and get a quick response. Customer agents are available 24/7 for all registered traders.
IQ Option Review
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 investme
IQ Options ZA
It is specialty of IQ Option broker to provide a wide range of options for beginners as well as professional traders. There are over 300 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 and Binary trade options. Available time frames are: 60 s, 2 min, 5 min, 15 min, 1 hr and end of day.
IQ Option has gained the 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, a virtual amount is invested for each trade. Traders are given all the trading assets they have at their avail on the real account. Our IQ Option broker review shows how a demo account improves skills and help in learning the best trading techniques and fundamentals that can give long-term benefits.
Apart from demo account, video tutorials and eBooks are well-structured learning tools that make it certain to educate traders and support them in becoming successful in the binary trading market. For an outstanding trading experience, South African traders have on disposal to select among a variety of educational tools.
IQ Option Forex
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.
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 a minimum $10, after which they are granted access to more than 300 assets for begin options trading.
Weekly webinars are presented to understand trading terms. Funds can be withdrawn within three working days.
IQ Option VIP Conditions
To become a proud member of a VIP account, interested traders have to make a significant deposit. The exact amount varies, but once granted, personal manager and VIP webinars are given on a guaranteed basis.
To receive maximum profit, South Africans can get monthly trading analyses. All trading assets, including stocks, commodities, currencies and indices are on disposal.
*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 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.
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.
Customers can contact IQ Option Customer support experts via email, online chat and phone.
IQ Option Banned Countries
Here is a post on IQ Option countries you can’t trade in. Remember this is a list of countries that you cannot trade using IQ Option as a broker. So firstly the list of IQ Option Banned Countries that you can’t Trade in:
- Afghanistan, Albania, American Samoa, Australia
- Canada, Comoros, Crimea, Cuba
- Democratic Republic of the Congo, Donetsk and Luhansk People’s Republics
- Eritrea, Ethiopia
- Iran, Israel
- Mali, Myanmar
- North Korea
- Republic of Abkhazia, Republic of South Ossetia, Russia
- South Sudan, Sudan, Syria
- Ukraine, the United Kingdom, the USA
- Vatican, and
- the U.S. Virgin Islands
IQ Option Scam
When talking about scam in binary options, traders want to know if particular broker is reliable or not. While reviewing this broker, we haven’t came across any IQ Option scam alerts.
IQ Option is owned by IQ Option LLC and present on binary options market since 2013. They started their business in Russia and later on, expanded to other markets, such as Asian and African markets.
Another thing we noticed in our review is their transparency. Traders can easily find important information in their extensive, yet easy-to-read Terms and Conditions. This is yet another element that proves how there is no IQ Option scam. The same can be applied to the deposit and withdrawal process.
IQ Option Minimum Deposit
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.
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 up to three working days.
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. When it comes to withdrawal charges and fees, traders get one withdrawal per month is free, whereas for each subsequent withdrawal there is a fee is 2% of the amount withdrawn, but not less than $1 and not more than $30.
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.
IQ Option Minimum Withdrawal
As we have previously stated, both deposit and withdrawal process are simple and traders can easily make payments in few steps. IQ Option withdrawal is important step for each trader since it shows if a broker is reliable or a scam. For our review, we can point out how IQ Option withdrawal is safe and all funds will be secured.
It is possible to make withdrawals via several different ways, via debit and credit cards (MasterCard, Visa, Visa Electron and Maestro), bank wire and e-wallets (WebMoney, Skrill Moneybookers, POLI, Boleto, FasaPay and CashU).
To get funds, traders are required to submit some documents to confirm their identity. They include proof of address, copy of photo ID and credit card copy. Also, traders first need to submit withdrawal request which will be shortly processed. Later on, it might take additional 1 business day for funds to arrive on traders’ account.
Minimum IQ Option withdrawal is set to $10, which is among the lowest amounts in binary options industry. For any more details about IQ Option withdrawal, traders can contact personal account manager or reach customer support service on live chat or email.