IQ Option South Africa ¦ Binary Options Trading Platforms

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

IQ Option Review and Tutorial 2020

Go to the Brokers List for alternatives

IQ Option Facts & Figures

Open an account with just $10. Trade over 14 Cryptocurrencies directly, traditional forex with low spreads or trade digital options with payouts up to 900%.

Awards
• Most Trusted Broker 2020, 2020 – BinaryOptions.net

IQ Option offer forex trading on a small number of currencies. Spreads are on the high side and the brand do not excel in this area


IQ Option are a leading Crypto broker. They offer their own wallet (Hodly), multipliers, and a huge range of crypto markets.

IQ Option lead the way in binary options and digital trading. The best platform, with the lowest minimum deposit

Instruments Forex, Crypto, Binary Options, Stocks, Digital Options
Demo Account Yes
Min. Deposit $10
Min. Trade $1
Regulated By CySec
MT4 Integration No
Mobile Apps iOS, Android and Windows
Auto Trading No
Trade Signals Yes
Islamic Account Yes
Forex
GBPUSD Spread 5 pips
EURUSD Spread 14 pips
EURGBP Spread 15 pips
Assets 22
Cryptocurrency
Spread BTC 7%, ETH 12% (Var)
Coins BTC, TRX, XRP, BCH, ETH, EOS, OMG, ETC, QTUM, ZEC, LTC, DASH
Binary Options
Payout Percent 91

Managed and owned by IQ Options Europe Ltd, IQ Option is a financial services provider that is based in Cyprus. Designated as a Cypriot Investment Firm (CIF), the trading platform comes under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC).

It is authorized to provide financial services to clients from the European Economic Area (EEA) under the CIF license #247/14. The trading platform first went live in 2020 and since then, it has grown by leaps and bounds. With its low minimum deposit requirement at $10 and free demo account, IQOption has truly made online trading accessible for everyone.

Regulation & Reputation

Over the few short years that it has been operational, IQ Option has won numerous awards praising the quality of its services and its reliability. Today, it has been recognised as one of the leading brokers in the industry as well. To bolster its image as a reliable broker, traders will be pleased to know that IQOption is a regulated broker under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) under the name of holding company IQ Option Europe.

As a regulated broker under CySEC, this means that IQ Option is also a MiFID compliant broker. In other words, IQOption is permitted to offer its services to clients within the EEA. Another benefit for clients of being regulated by CySEC is the fact that IQOption is also a member of the Investors Compensation Scheme. Under this scheme, each of IQ Option’s clients’ funds is protected up to a maximum amount of 20,000 euros.

But for traders that are outside the EEA, their accounts are managed by a separate sister company called IQ Option Ltd. The company is based in Mahe, Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Trading Platforms

Rather than opting for a standard trading platform, IQ Option has chosen to provide its clients with a proprietary platform designed specifically to cater to their trading needs. The same platform is used for CFDs and for binary options trading. Well designed to be user-friendly, the platform features a large chart which is a great help for traders who wish to monitor the conditions in the markets.

In addition, the platform comes with a wide selection of trading tools that are typically not found on any binary capable trading platform. Some of the advanced trading tools that we can see popular technical indicators such as Moving averages, Bollinger Bands, MACD and RSI.

The brand often add new feature to the platform to offers traders more flexibility. One such feature is the ‘position top-up’. This allows a trader to hold a trade open if it is approaching a stop loss. It gives the trader more scope to allow trades to recover before being closed. It must be used with discipline, but offers traders new risk management or trading strategy options.

IQ Option Trading Platform

Mobile Trading

For traders that are unable to remain at their trading terminal for any prolonged period of time, they can install the mobile trading app that has been provided free of charge by IQ Option. The mobile trading app which has been designed specifically for smartphones and mobile devices, allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades.

Trading Accounts Offered

Unlike most CFDs and binary brokers, IQ Option has only chosen to offer 3 types of trading accounts, a standard trading account, a VIP account and a demo account.

To open a standard account, only a minimum deposit of $10 is required. As for as the VIP trading account, you need to place a minimum deposit of $1900 (or currency equivalent) – but hit trading volume of $15000.

Both types of trading account entitle the trader to participate in the IQ Option’s weekly trading competitions. However, the VIP account will entitle the account holder additional trading benefits like a free participation in the trading promotions, 3% additional returns and the service of a personal manager.

Potential traders who wish to try out the platform can first sign up for the demo account. It is provided free of charge and doesn’t require any “pre-deposit” like some brokers are requiring their clients to do first. The demo account comes pre-loaded with $1000 practice money which you can use to execute your practice trades.

Bonuses & Promos

In line with CySEC’s regulations, IQ Option no longer offer any kind of deposit bonuses. The only kind of promotional offer which traders at IQOption are able to participate in is the trading competition which they can join for a entrance fee. Prizes for the competition range for $100 to around $100,000.

Video Demo – Forex Introduction:

Assets At IQ Option

Currently, traders at IQ Option can trade in 90+ different types of underlying assets. They consist of a selection of currency pairs, market indices, stocks and commodities. Recently, IQ Option has also added a selection of 12 different types of cryptocurrencies for its clients to trade in.

The list of markets available to trade is constantly growing. Recently, the firm expanded their list of stocks and share and took the total beyond 150. Expect this expansion to continue in all areas. IQ also spread markets across all products, so things like Oil, Gold and Silver were added to Digital trades asset lists.

Minimum trade sizes do change with each product. So binaries and digital options can be opened for $1, but a Forex CFD has a minimum trade size of $20, and FX Options $30 (Or Euro or GBP equivalent).

FX Options

FX Options are a very new product. So new in fact, that they are currently only available across the five major currency pairs.

Available in EU regulated markets, they offer fixed risk investments, similar to binary options. There is a set expiry for each FX option and the potential payout is dependant on the underlying asset price. So where a trader believes a strong price move is imminent, payouts reach 2000% and more.

As the expiry approaches, payouts tend to grow as these options are affected by the same delta, and gamma values as traditional options. There is a $30 minimum trade placed on FX options, but they can be sold at any time up until expiry. So if a trader has brought either a call or a put, both can be sold prior to expiry to either lock in profits or cut losses.

These are a great way for EU traders to still access fixed risk trades.

As the product grows in popularity, IQ will doubtless expand the range of markets and expiry times (currently only 1 hour expiries are available).

Cryptocurrency Multiples

Another innovative product delivered by IQ is the Cryptocurrency Multiples. These effectively work like a leveraged trade, so price movements in the underlying assets are magnified. IQ Option first introduced this idea with Bitcoin x 100. This amplified the prices movements by 100 times, creating huge opportunity – and risk – for traders.

That product was so popular, that IQ have expanded the concept to Ethereum, IOTA, Ripple and others. The multiplier factor ranges from x20, to x50 and x100 on Bitcoin as mentioned. At present, these products are only available to Non-EU traders.

Trading Costs And Fees

IQ Option are transparent with their fees and costs. In order to see what trading at IQ will cost, you need to consider:

  • Spreads – The difference between buy and sell prices. This is often variable and will depend on volatility, liquidity and even the time of day.
  • Swap Fees – These are fees applied for positions held overnight. Charges vary from 0.1% to 0.5% and will be higher when positions are held over the weekend.
  • Dormant Account Fees – If an account is inactive for 90 days, IQ will start applying a charge of €10 (or currency equivalent) each month, assuming the account balance is above zero.
  • Withdrawal Fees – There are no fees on the majority of payment service providers, but bank transfers do attract a charge of $31 (or currency equivalent).
  • Commission – On certain cryptocurrency trades, commission of 2.9% will be charged. This charge does not apply on any other asset.

Customer Support

One of the major plus points of IQOption is their customer service. To ensure that traders at IQOption can get the assistance they want whenever the need arises, the broker has made its support services available 24/7. They can contact the support team through email, live chat or the telephone. For the benefit of traders whose mother tongue is not the English language, IQOption has also translated their website into a dozen different languages.

Deposit & Withdrawal

For the funding of trading accounts at IQOption, the broker has provided support for several methods of fund transfer. These methods include transfer by credit cards, ewallets and bank wire transfer. Accepted credit cards include VISA, Mastercard and Maestro. As for the eWallet options, they include popular wallets such as Neteller, Skrill, Perfect Money and Webmoney.

To withdraw funds, traders can also use the same methods that they used for making a deposit in the first place. Processing of withdrawal requests typically take one business day but can be as fast as a few hours if the withdrawal method is by eWallets. For credit cards and bank wire transfer, the entire withdrawal process can take as long as 10 business days to be completed.

Growth in Asian markets has also led IQ Option to expand their reach in that region. As a result, bank transfers are now possible from a wide range of banks in this area:

Thailand – Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bank of Ayudhya, Government Savings Bank, TMB Bank.
Indonesia – Central Asia,Negara Indonesia, Rakyat Indonesia, CIMB Niaga,Mandiri.
Vietnam – Vietcombank, Asia Commercial Bank, Bank for Investment and Development, Techcombank, Vietin Bank, Sacombank, Donga Bank, Eximbank.
Malaysia – Maybank, Hong Leong Bank, RHB Bank, Public Bank, CIMB Bank, AmBank
Philippines – Help2Pay – Supports both BDO (BDO Unibank) and MTB (Metrobank)

South American options are also being expanded:

Brazil – Jeton Wallet (Supporting Boleto Bancario), and AstroPay (Boleto, Itau, Bradesco, Banco do Brasil, Caixa, Santander)
Argentina – AstroPay (Supported banks; Pago Facil, Santander, Banco Galicia)

Perfect Money can also be used across South America, including Colombia. Perfect Money is actually also a valid choice across Nigeria and Pakistan too, as well as parts of Europe.

Jeton will also support IQ Option traders from India and a range of banks catering to South African traders have also been added.

China Union Pay can facilitate deposits and withdrawals for traders in mainland China, Hong Kong, Taiwan and Macao.

Is IQOption suitable for day trading?

One of the most important factors to consider when looking for a broker to conduct day trading with is looking at the type of instruments that are available for trading. With IQ Option since the broker offers CFDs which allow traders to open and close their market positions at any time, it is a suitable broker for day trading. In addition, the broker is well regulated and this helps to ensure that your money will be handled professionally and ethically.

What is the minimum deposit requirement to open a trading account?

The minimum deposit at IQOption is $10.

How fast can my withdrawal request be processed?

Withdrawal requests at IQOption normally take one business day but as be as short as a few hours.

Is IQOption a reliable broker?

Yes. IQOption is a reliable broker and is regulated by CySEC.

What kind of trading platform does IQOption have?

IQOption uses a proprietary type of trading platform.

What is the maximum leverage available at IQOption?

The maximum leverage offered by IQOption is 1:500 for non-EEA members. EEA traders will see leverage capped at 1:30. EEA traders can however, register as professional – this means the regulatory limits do not apply to their account. Visit IQ Option for more details.

Accepted Countries

IQ Option accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Norway, Sweden, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use IQ Option from United States, Japan, Israel, Turkey, Belgium, Russian Federation, Australia, Canada, Germany, Italy, Netherlands, Romania, Spain.

Binary options trading in South Africa

We cannot deny the fact that some traders – especially those, who are not so familiar with all the specifications as to this financial field – believe that South Africa is yet quite undeveloped and backward, so binary option South Africa market is not a thing to discuss at all. Indeed, when someone hears anything of Africa in general, the first thought and impression is the low level of advancing and experience. However, the binary option South Africa area does not refer to this conclusion at all. On the contrary, there is a quite huge chance for you to discover fantastic brokers for trading with binaries and located in South Africa. They do worth it and it could be a shame for you not to know the main features of this significant part of the overall global financial trading space.

Is There Any Regulation Program To Rely on, When It Comes To Binary Option South Africa Trading?

Only few years are there was no official authority or independent agency that covered the binary option South Africa field. This made many traders to claim and believe that financial services providers in this region are not trustworthy at all. Moreover – a big part from the binary trading community has the opinion that binary option South Africa brokers were illegal. At some point, they were right, because several years ago there was no regulation body in the country at all. However, lots of the local brokers were completely legal – with an official license and with the right to operate on the market. As to the regulation lack, traders preferred to use those binary option South Africa brokers that are offshore, which means they are either owned by companies from other countries, or they simply are foreign trading platforms, which, though, accepted South Africa-based traders. However, things have changed quite fast for binary option South Africa platforms. And currently, they are well regulated and very similar to the rest of the global top rated binary brokers like Binary Robot 365 for example.

Review

Review

Review

What Are The Regulation Bodies for Binary Option South Africa Websites?

Today, we can point several controlling and observing agencies that cover both – the financial services providers in the country, as well the binary option South Africa brokers specifically. Check out them and learn the basic information about their job and tasks to perform.

Financial Services Board

The FSB – the Financial Services Board is a typical government agency for official and proper regulator of the entire financial services industry in South Africa and of the binary option brokers. Be aware that this agency does not have any independent functions or priorities the way most of the world`s popular financial regulation bodies have. Moreover – the Financial Services Board is oriented to all kinds of procedures, financial structures and binary option participants (including the South African Brokers) in South Africa with one single exception – the banking organizations and services. The Financial Services Board regulates the binary option market entirely in public interest by keeping an eye on the regulation of the largest stock exchange market in Africa, too.
This market is known as Johannesburg Stock Exchange and many binary traders adjust their strategies due to the processes that happen in its sphere. Financial Services Board have lots of responsibilities and duties and the main ones among them are security of capital markets, Financial Services Provide controlling, insurance, collecting investment schemes and etc. However, the main work, which involves the South African Brokers,that the Financial Services Board does is to secure and arrange the work of one of its agencies. This agency is entirely oriented to control the binary option trading in South Africa.

Financial Advisory and Intermediary Services

The Financial Advisory and Intermediary Services Agency – known with the abbreviation of FAIS Division – has the task to secure the Financial Service Provides as part of the main FSB regulation body. To keep safe its faultless and smooth work, FAIS has acquired several basic departments with particular fields to operate in – Registration (of the South African binary option brokers), Supervision of the entire field for trading with binaries, Compliances by binary option traders, as well as helping the binary option South Africa websites to operate on the market as competent brokers of the global market.
When you look for a decent and cool binary option South Africa broker, it is essential for you to pay attention at the regulation, but never forget to see if the main pros and benefits of a standard platform – regardless its origin – must have. Such features are good customer support services, interesting bonus systems, great choice for account type to open and etc!

Start trading online right now

HOW OUR PLATFORM WORKS

Trusted international broker

Unlimited $10 000 practice account

Best video tutorials in the industry

Availability on any device

A wide range of analysis tools

More than 70 assets for trading

A simple and reliable funds withdrawal system

SIMPLE AND RELIABLE WITHDRAWAL

Reviews from our traders

We have the world’s best trading platform – see it for yourself

7:42 AM – 17 Jan 2020

17:12 – 18 april 2020

Great interface and excellent assistance – thanks to Alex))) However there are risks that are unpredictable. First few months after registration I failed because did not know about it. Now I only trade euro and dollar since every day they give me the biggest exposure to risk (around 3k).

I have had no problems with removals. At first it was difficult for me to register my card data, however after I tried it once, it became very simple for me. What I really like is that you have an opportunity to invest using your card, remove to a card, digital wallet, remove from the digital wallet back to a card (it is a problem for people who are from not “supported” by the digital wallet country.

Louai N. AlAdham

18:07 – 7 July 2020 · Paddington, London

Benedict Gift Mosetlo

02:24 – 28 July 2020

Digital option is a money tool combining function principles of Classical and Dynamical Binary Options. It has a profit up to 900% in common with Dynamical variant (in case of successful prediction) and termination – to the end of 5-minute candle. It also has the enter price brackets choose system in common with Classical variant. In this money instrument the dealer-in-goods usually indicates the exercise price. This sort of price plays a very important role for making the possible profit.

Below you can see the picture where there is a comparison of the two kinds of this money tool.

This image tells us that the first type let only current price participate in marketing. However, the second one let both current and exercise price participate in marketing.

Dealers-in-goods are responsible for setting the exercise price. You can see it at the picture below.

At any moment you have access to 22 strikes. Strike is a price level similar to the usual level of option opening. Our aim is to predict where the price will be at the time of the option closing relating to this cost level – higher or lower. The more distantly the strike is situated from the current price, the more profitable it is.

Put simply, at first we choose strike and then choose the direction. Such a combination gives an opportunity of buying cheaper option. For example, you may choose strike which is situated considerably lower than the price and open a bull transaction. You may also choose a strike situated higher than the price is and open a bear transaction. It is clear that such a transaction earning power will be considerably lower even if the prediction was right.

To learn more detailed information about this instrument function you may in the video below.

This money tool pros:

  1. an opportunity to get an enormous profit (not less than 300%);
  2. a small percentage of loss;
  3. a chance to sell it before the date of expiry or to fatten the profits.

This money tool cons:

  1. high rates also have high risks;
  2. more difficult in using, so is not suitable for new-comers.

If you want to start IQ Option marketing right now but do not know how to do it, the following video is likely for you.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Like this post? Please share to your friends:
Best Binary Options Trading Guide For Beginners
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!:

Broker Early Expire Average Return Min Deposit Min Trade Rating More
90% $ 10 $ 1 ★★★★★
95% $ 10 $ 1 ★★★★★
× 95% $ 250 $ 1 ★★★★★
× 85% $ 10 $ 1 ★★★