IQ Option in South Africa

As the number of investor/trader increases in South Africa,the race to become the best broker also becomes more competitive. Whether you are trading forex, CFDs, binary options or cryptocurrency you will need the assistance of a broker and it is best to choose a well-known broker. IQ Option is one of the top brokers operating in South Africa. IQ Option LLC is registered at Hinds Building, Kingstown, St. Vincent and Grenadines. The broker had started out in 2013 as a Binary Options broker but now is extremely popular among other investors and traders.

In South Africa, the traders can open a real trading account by depositing only $10 if they have chosen IQ Option. The trader will have the option to invest in any of the financial markets from one place itself as IQ Option now covers all the aspects.

The Trading Platform of IQ Option

IQ Option does not depend on popular trading platforms like MetaTrader 4 and MetaTrader 5 for Forex and CFDs trading. Instead, the company has chosen to develop their own trading software that offers several tools and indicators for the South African traders. The trading software provided by IQ Option is updated regularly so as to incorporate any new features that will enhance the trading experience of the South African citizens. You will find advanced trading tools and indicators like moving averages, MACD, Bollinger Bands and RSI. You will have no problem accessing the trading platform if you are using a smartphone.

Demo Account

IQ Option in South Africa offers demo account to its clients. This is immensely helpful for the neophytes as they will be able to experience real market situations. The traders can also test a trading strategy in here before applying it on the real market. The demo account is available for all the traders- forex, CFDs, stocks, cryptocurrencies and binary options. The traders in South Africa will get $10000 virtual money for the use of demo account. They can easily shift to the real, live account from the demo account.

Trading Binary Options with IQ Option in South Africa

The minimum deposit for binary options at IQ Option is $10 only and the minimum investment is as low as $1. You will have at least 68 options at your disposal for trading. The expiry period may vary from 60 seconds to 1 month in case of binary options trading with IQ Option. You will not have to pay any brokerage fees yet have the chance to receive up to 95% returns. (Amount will be credited to account in case of successful investment) As binary options trades always end in asset or nothing, your chances of losing more than you can afford to lose are greatly reduced. Nevertheless, trading Binary Options also has its own risks. You have to time the market properly and the charts and trading tools offered by the broker will help you to place a Put/Call option.

Trading Forex/CFDs with IQ Option in South Africa

IQ Option offers over 30 forex pairs for the South African traders to trade in. USD, GBP, EUR, and JPY are some of the popular currency pair varieties that you can trade in. You shouldfollow the warnings displayed on the website and invest only what you can afford to lose. In the financial market, nothing can be said with 100% surety as the price movement may occur in a different direction from the one predicted. You may get leverage as high as x500 when trading forex with IQ Option. (T&Cs apply) Tools like stop loss and take profit are available that benefit the South African traders. When trading forex you can take part in the tournaments organised by the broker and receive rewards like free participation in a paid contest. But, you may have to take a little more risk to make it to the next level. The broker offers tighter spreads so as to attract more traders.

Trading Stocks with IQ Option in South Africa

IQ Option offers numerous stocks for the South African trader to invest in. You can choose to invest in stocks of tech giants like Netflix, Google, Amazon, and Facebook and so on. Basically, you will be able to invest in the best-performing companies listed on NASDAQ and NYSE. The brokerage company offers up to x20 leverage to its traders. (T&Cs apply)

Trading Cryptocurrencies with IQ Option in South Africa

IQ Option has enabled cryptocurrency trading from its platform in South Africa. The broker offers 12 cryptocurrencies (Bitcoin, Ethereum, Litecoin etc.) to its clients to invest in and leverage offered is up to x5. (T&Cs apply) IQ Option displays candlestick, line and bar charts for the cryptocurrency traders to analyse the market. You can check out the current price of the crypto coin you are trading from there. It is important to constantly study the cryptocurrency market when trading as the market is known to be extremely volatile.

How to Open an Account on IQ Option

After opening the official website of IQ Option you will have to click on the “Sign Up” icon on the right-hand side of the page.

• Insert your First name and Last name.
• Mention your email id.
• You have to then insert a password.
• Click on the box and accept the Terms & Conditions. It is important to go through these first.

You can open a demo account for free. The website displays a “Risk Warning” at the end of the “Sign Up” pop-up as trading on any financial market involves taking some risks.

You will find it easy to navigate through the website and the trading platform of IQ Option. You can also download the app on your smartphone (Android and iOS compatible) for convenience. Before you invest in either of the markets it is important to understand that an asset can suddenly change its direction and there is no such thing as 100% prediction.