IQ Option Review South Africa ️ Pros & Cons 2023

iq option broker review

You can read through market information for each asset you want to trade. In addition, there is a news calendar for forex, cryptocurrencies, and stocks. IQ Option offers a unique and professional trading iq option broker review platform for its traders. This platform is available for any device, like a computer or smartphone. From our experience, the IQ Option trading platform is one of the best-programmed software for traders.

According to current trading circumstances, the minimum investment amount can be seen on the trading platform/website. This is great for newcomers to obtain a sense of the platform. Did you know that although it is based in Seychelles, it has several branches?

  • For traders from non-european countries, IQ Option offers Digital Options and Binary Options.
  • This free practice account is identical in every way to a real account, including the market movements that take place inside it.
  • If you live outside of the EU and value the simplicity of binary options, they offer a great platform for binary options.
  • For example, you may not want other traders to be able to view your real name or your trading activity.
  • It is really very challenging to find a good broker that too a binary broker platform.
  • However, I am under the impression, that this app is a bit slow.

These include their Binary Option and digital option offerings. These instruments are asymmetric instruments which means that they have a defined loss and profit. There has been a great deal in the news about the tactics of hackers when it comes to man in the middle attacks and phishing. Put simply, an SSL certificates are meant to limit the effectiveness of these attacks and protect the trader. Moreover, the CySec regulators also have something akin to deposit insurance at the regulator level. This means that should anything ever happen to IQ Option, your deposit is insured up to a certain level by the regulators in Cyprus.

IQ Option Fees and Commissions

They provide 2000+ trading instruments with multi-asset trading platforms. We will see about the detailed product guide of eToro along with its regulations in the following article. Iq option platform provides online trading facilities for CFDs of all currencies.

Many large trading bases and hubs use and offer IQ services, such as Germany and Sweden. Regions such as Singapore, Malaysia, India (binary options trading has become legalized), and the Philippines all getting involved. Africa is a similar story, with Nigeria and Ghana benefiting from IQ’s services due to those countries’ with liberal regulations. Some countries are able to open and use accounts, but are limited with regards to mobile app access. Other countries in Europe, are able to trade, but due to local laws and regulations are prohibited from trading in binary or digital options.

They have apps on the iOS apple store as well as on Google play as an android version. They are free to download and you will connect your account to the app when you have it on your device. IQ Option offers 13 different technical indicators to choose from.

For example, users really like the option to trade right from the chart views. Fundamentally, IQ Option itself is a legitimate online platform from which to trade in a wide variety of assets across various risk profiles. IQ Option comes with top-notch offers and excellent overall quality of services. However, U.S. citizens aren’t eligible to trade with this platform.

You get a lot of professional tools for your trading ideas and they are easy to use. The IQ Option trading software comes with a lot of different tools and indicators for your analysis. Also, you can customize them as you want and change the timeframe or other settings. It is possible to develop a trading strategy with only indicators that could bring you the desired results. The broker is committed to addressing the needs of customers so that they enjoy a rewarding trading experience.

Iqoption offer traders 3 trading account types in which you can choose from. The account types are training account, real account and VIP account. As with most online brokers, IQ Option trading platform offers an extensive knowledge base where novice investors can learn the ropes before they start trading. The website constantly updates its blog section with new posts, offers video tutorials with valuable resources, and has an FAQ section. On the flip side, there isn’t live chat support, even though it has become standard with online trading platforms. Before you decide to open a trading account with the IQ option, you should review what tools and features it has to offer.

You will quickly notice there are far more pros than cons listed below. This is reflective of user experiences across a range of respected independent review sites – see summary here for details. Based on your fund pay-in method, IQ Option has prescribed a minimum value for deposits.


Next, the applicant must agree to IQ Options terms and conditions and click on the Get Started for Free button.

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The Mobile app offers similar features and allows the trader to order easily. It displays the chart in the home page and has an ability to adjust various parameters like an investment, leverage, and price and then select buy or sell. Users can also easily search for their favourite crypto-currencies and analyze all of the most relevant and up to date information. It is operated by IQ Options LTD and was founded recently in 2013, making it one of the youngest platforms in its category. Despite this, it is considered to be one of the most popular and fastest-growing trading platforms. It boasts of over 48 million registered users and over one million transactions per day.


IQ Option is recommended for traders of moderate to advanced experience levels who want a broker with a proprietary platform. Though the video tutorials are a great educational tool, the rest of the educational resources on IQ Option are not extensive. So, you should have at least some basic knowledge of trading before signing up with this broker. Additionally, traders who want a broker that offers a wide range of cryptocurrency will like IQ Option, as that is one of its highlights.

We tried these out and they were much faster than the web based platform. This makes sense as our trading instructions were going straight to the servers at IQ option and not through a website interface first. Moreover, there was no browser software to slow down our experience. What is also great to note is that IQ Option offers its platform not only as web based platform but also as computer based programs.


DEGIRO is one of the most popular brokers at the moment in Europe. You can invest in stock and ETFs (IQ Option does not offer this type of asset). Its most remarkable features are an intuitive platform, a wide variety of assets you can invest in and having a simple and competitive fee policy. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Standard payouts with IQ offer competitive rates, with traders able to earn up to 91% payout in some cases.

Sometimes it can happen that your payment system is charging some fees. In the next section, we will give you a better overview of the trading platform and what you can do with it. As professional traders, we recommend it to use a free demo account with IQ Option to get a good impression by yourself first. IQ options allows the user to trade a range of different assets. It has become a popular international platform, with 50 million registered users. There are over 1 million transactions taking place each day.

The platform is easy to navigate and has many assets and great educational resources. This is something that may be of interest to newcomers.I was a beginner myself, so I try to help traders like me. We use dedicated people and clever technology to safeguard our platform.

  • EverFX Broker is one of the controversial brokers in the market with many blackmarks.
  • IQ Option got international branches and they are expanding their business.
  • This section gives you a broad-brush perspective of how IQ Option stacks up against its online trading platform competitors.
  • Though it can be a good opportunity to make money, it will require a lot of training, experience, and dedication on your part.
  • But right from day one, the company has maintained a clear focus in each area – remaining productive and continuing to evolve to better meet the needs and goals of its end user base.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. We are pleased to hear that we had the opportunity to meet your expectations. Your feedback is very important to us and helps us improve our services. IQ Option will not withhold taxes on the profits you get from their platform. Thus, you will have to personally manage and pay taxes derived from your investments. You will be able to use your own e-mail and password, or link it to your Google or Facebook account; this last option is good if you don’t want to remember passwords.

iq option broker review

Like other VIP accounts on different platforms, IQ options allows its VIP user to participate in trading tournaments. Unlike standard account holders, VIP holders get access to tutoring on trading. It must be noted that VIP accounts are not available to citizens in the EU. But don’t fret if you are in the EU; the account types below are options for EU residents. The standard account enables users to participate in investments in real-time.

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