IQ Option Broker Review ¦ Safe and Regulated Broker South Africa

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IQ Option Broker Review

IQ Option is a regulated and award-winning online broker that enables customers to trade a wide range of instruments and underlying assets. Operated by IQ Option Ltd, the licensed broker offers it services to traders across the world.

It is important to note that IQ Option is one of our top and most highly recommended brokers for investors in South Africa.

One of the most interesting things about IQ Option is their incredibly low minimum deposit. You can start trading with only $10 and get access to a proper live account.

Read our full review on one of the most famous brokers out there, or skip straight to the part you are interested in below:

*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 Trading Platform and Versatile Assets

While they originally started as a binary options broker, they quickly became a broker that has it all, from CFDs/Forex and Classic Options trading. This makes them one of the most versatile brokers for online trading. Basically, whichever instrument or underlying asset you can think of – they have it.

The minimum trade price is $1 for binary options and digital options, and $20 for forex and CFDs. The maximum option price is $5,000. If the trader wants to place multiple trades with a variety of instruments, it’s not a problem with IQ options’ platform. All they need to do is select the asset in the upper left corner and the instrument below.

Currently available instruments are:

  • Binary Options
  • Forex CFDs
  • Cryptocurrency CFDs
  • Classic options
  • Stock CFDs
  • FX options

With IQ Option, traders can place trade contracts and options based on numerous stocks, currencies, commodities and indices. There are more than 500 underlying assets, to be exact.

Specifically, there are currently 90 currency pairs available, including all the most popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, IOTA, Dash, Ethereum Classic, Monero, OmiseGo, Zcash or Santiment. Of course, these currencies also include EUR, USD, GBP, RUB, AUD, CAD, NZD and Yuan.

Tip: Check out what Twitter CEO Jack Dorsey recently said about Bitcoin and how you can properly trade Bitcoin CFDs at IQ Option.

IQ Option also recently expanded their asset collection by adding cannabis stock CFDs, which have become increasingly popular in the online trading market. Examples of marijuana stocks you can trade at the IQ Option are: Aurora Cannabis Inc, Canopy Growth Corp, Cronos Group Inc, GW Pharmaceuticals – Adr, Tilray Inc-Class 2 Common, Anheuser-Busch Inbev-Spn Adr, Etfmg Alternative Harvest and many more.

Best Binary Options Brokers 2020:
  • Binarium
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    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
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    Only For Experienced Traders!

As for leverage, IQoption offers leverage on up to 20x for stock CFDs and FX trading of up to 1000x – known as the 1000x multiplier. IQ Option advises customers to use this tool only if they fully understand that higher leverage may mean higher returns, but can also result in higher losses.

IQ Option really is a one-stop-shop for online trading.

IQ Option Unique Trading Platform

Unlike so many other brokers in the industry, IQ Option uses its own software, the IQ Option platform, which they continue to update regularly.

The IQ Option platform is highly developed and entirely user-friendly, so all traders should be able to easily navigate through the site and trading room. This easy-to-use interface allows investors to trade in the office, at home or on the move through their mobile platform.

IQ Option is currently responsible for more than $11 billion worth of trades every month, so it has a proven track record of making trades as simple as possible.

One thing is certain: IQ Option offers the ultimate trading experience for everyone – no matter your experience.

How Do I Trade on the IQ Option Platform as a Beginner?

One thing that makes the IQ Option interface so easy to use is the fact that all of the trading instruments are available on exactly the same dashboard.

All you need to do is:

  1. Select an asset you want to trade
  2. Predict this asset’s direction
  3. Make an investment
  4. Close the position

Binary options trading is even easier, because the trades close themselves automatically when the expiry time has been reached.

Throughout this entire process, IQ Option offers many charts that display the most recent market trends, so users can make judgment calls with the most recent data at hand. There is also always the option to set your Stop Loss and Take Loss Profit — so there’s no need to constantly monitor trading positions.

For more details and a visual guide on how to trade with IQ Option, check out the video above.

In addition, their platform is multilingual and available in English, Italian, German, Russian, Spanish, Turkish, Portuguese, Chinese, French, Swedish, Korean, Arabic and Indonesian.

With the quality of their services and their up-to-date customer support, it shouldn’t come as a surprise why this broker is so popular among traders worldwide.

What are IQ Option Price Alerts?

To make your life easier, IQ Option recently added a brand-new feature to their trading platform: price alerts. Price alerts automatically notify you when an asset has reached the price level you want.

Part of being a successful trader is knowing when to act, in other words when to buy or sell an asset. No one wants to be glued to a screen staring at charts and financial market news all day. Thanks to IQ Option’s price alerts, all you need to do is set up an alert for the assets you want and IQ Option will automatically track them and send you a notification when the price you were waiting for is reached.

To set up an alert:

  1. Select an asset
  2. Click “Create alert”
  3. Set the price you want to be notified for

Getting Started – IQ Option Trading Accounts

Registration with IQ Option is completely free, and all South African traders can get started with a deposit as low as $10.

Even so, anyone can experience what this powerful trading platform has to offer without spending a penny, through their free demo account.

IQ Option Free Demo Account

All registered South African users have the option of trading with a free practice account, before depositing any money. This means beginners get to learn the basics of online trading entirely risk-free. Experienced traders, on the other hand, have the ability to fully test the IQ Option platform before investing any real money.

The IQ Option demo account gives South African traders $10,000 of virtual funds to practice with, which can be re-filled at any time.

Once investors have practiced and are ready to start trading for real, IQ Option offers two separate account types they can choose from: the Real Account and the VIP Account.

Real Account ($10 Minimum Deposit)

As mentioned before, South African investors can begin trading with IQ Option with the minimum amount of $10, which gives them full access to a Real Account and all trading instruments and services. The number of assets available are 500.

South African traders also have option to participate in different trading competitions and access their numerous trading tools.

All withdrawals can take up to 24 hours.

VIP Account ($3,000 Minimum Deposit)

In order to access the VIP Account, a minimum deposit of $3,000 is required.

In return, South African traders get VIP access to a variety of useful trading instruments and special features, such as:

  • Higher profitability rate (3% advantage)
  • Personal VIP account manager
  • Free tournament participation

IQ Option Education Resources

Trading global currencies can be a daunting prospect for beginners, but IQ Option has the education resources available so that even complete trading newbies can fully understand and be able to take advantage of all that IQ Option has to offer.

Besides their free practice account that is available to all South African registered users, IQ Option offers various video tutorials which allow investors to hone skills and master the mechanics of online trading.

One of the main reasons for the rising popularity of IQ Option among ordinary investors is also the community spirit it offers. If you are not sure or want to ask anything, you can always call upon support or get advice from industry professionals and fellow traders. The best part is that you can do this all directly through the IQ Option platform.

IQ Option Affiliate Program

Besides earning a spot as South Africa’s top online trading broker in our awards, IQ Option also has one of the best affiliate programs in online trading.

An affiliate program is for South African users who are not looking to trade with IQ Option themselves – but partner with them. As an IQ Option affiliate, you have the opportunity to earn up to 70% of profit by promoting the award-winning broker on your blog or website.

All you need to do is:

  1. Join the IQ Option affiliate program
  2. Get your own affiliate link
  3. Post this link on your blog or website as an ad
  4. Earn up to 70% of commission when a user clicks on your link and starts trading with IQ Option

Your earnings will then be transferred twice a month via your preferred payment method.

For more details on the IQ Option affiliate program and how to make up to 70% of profit, read our IQ Option affiliate program review.

How to Contact IQ Option

The customer support team at IQ Option is available 24/7 through email ([email protected]), phone or online web form.

Unfortunately, there is no South African number available, but we listed the numbers that did find on their website below.

IQ Option also offers a live chat, which is available for all South African users on their platform.

IQ Option Deposit and Withdrawal Methods

IQ Option takes the security of all its traders very seriously and presents no difficulty throughout the deposit and withdrawal process – which many traders already know can be a frustrating common practice when it comes to other brokers.

With IQ Option, the estimated time of withdrawal is one business day. The minimum withdrawal amount is $2, due to commissions. IQ Option offers deposits in South African Rand, as well as many other currencies. Check out the table for more information on minimum deposits.

By trading in South African Rand, you can easily avoid those pesky conversion rates!

As for deposit methods, South African traders can use different payment options, including:

  • Debit (Maestro and Visa Electron)
  • Credit cards (Mastercard and Visa)
  • Bank wire
  • e-wallets (Skrill Moneybookers, QIWI, WebMoney, iDeal, Neteller, FasaPay, Boleto and CashU)

Their entire payment procedure for South African users is explained in detail on their site, which is very important because it is an immediate indicator of a transparent business.

Is IQ Option a Scam?

The question of whether IQ Option is a scam can be found through various traders who have commonly been scammed by other companies and are afraid to invest their money again.

The truth is that IQ Option is one of the best choices of regulated brokers out there and has won awards for their innovation, regulation and success. This broker is fully licensed, which means that they completely follow all regulations and practices that ensure trader’s protection – which they in turn take very seriously.

In addition, they have a fast-growing online trading platform that caters to absolutely anyone.

Don’t believe us? Let the numbers speak for themselves:

IQ Option is home to more than 20 million active traders worldwide. The IQ Option platform processes around 3 million transactions per day, while the money withdrawn by IQ Option traders every month has risen from $500,000 in 2020 to $5.7 million by the end of 2020.

The fact is we have received no complaints regarding this broker, so we can confidently say that IQ Option is not a scam. South African investors can trade in peace knowing that they are trading with one the most famous licensed brokers worldwide.

IQ Option Broker Review 2020

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!

*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 Trading Platform

IQ Option was established in 2020, 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 nt

IQ Option Trading Features and Services

It is specialty of IQ Option broker to provide a wide range of options for beginners as well as professional traders. There are over 500 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, Binary and Classic trade options. Available time frames are: 60 s, 2 min, 5 min, 15 min, 1 hr and end of day.

IQ Option has gained 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, virtual amount is invested for each trade. Traders are given just 13 different trading assets. Our IQ Option broker review shows how demo account improves skills and help in learning best trading techniques and fundamentals that can give long term benefits.

Apart from demo account, video tutorials and eBooks are the well structured learning tools that make it certain to educate traders and support them in becoming successful in the binary trading market. To earn more and more profit, South African traders have on disposal to select among variety of educational tools.

Is IQ Option Going to Offer Forex and CFDs Trading?

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.

IQ Option Trading Accounts

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 minimum $10 whereas traders can receive buy-back more than 45%*.More than 500 assets are available to begin options trading.

Weekly webinars are presented to understand trading terms. In case, traders have deposited $100, they are eligible to use trading signals free of cost. Funds can be withdrawn within three working days.

IQ Option VIP account

To become the member of VIP account, the interested traders have to submit minimum $3000. Personal manager and VIP webinars are given on guaranteed basis.

To receive maximum profit, South Africans can get monthly trading analysis. All trading assets, including stocks, commodities, currencies and indices are on disposal. Fast withdrawal within a day is possible for VIP account holders.

IQ Option South Africa

IQ Option South Africa

In just a few years on the market, IQ Option has become a globally recognizable trading brand. They cater to millions of traders all over the world, offering superb service and great deals, no matter where you come from. With this company, literally anyone can be a successful trader. A country where trading is immensely popular is South Africa, so we decided to check what people there can expect from IQ Option. We’ve received loads of e-mails and questions concerning this topic, and we are very happy to help our South African readers out. Stay with us, see the possibilities you get here and prepare to be very pleasantly surprised.

IQ Option South Africa | Features

This broker offers absolutely everything they are known for in the rest of the world. IQ Option minimum deposit for traders in South Africa is still $10, the platform is based on the very latest technology and has the highest potential return on your each investment in the industry (100%), and a great support team is there to help you if you ever have any questions. Make sure you read our detailed IQ Option Review for more information about the broker’s offer – everything you read there applies to this country, as well. As for the security, if you don’t know, the broker is regulated by CySEC in Europe and those strict security standards are applied all over the world. Therefore, trading with IQ Option in South Africa is completely safe. But don’t take just our word for it, read on and see what one of our South African readers had to say.

IQ Option Trading Platform 4.0

IQ Option South Africa | Feedback

Andre Nel was kind enough to share his impressions about this broker with us. Here’s what he wrote in an e-mail: “Since I live in Johannesburg, things often get pretty hectic. It is a big city, after all. I’ve been looking for a way to enter the trading industry for a while and then I saw that IQ Option offers the IQ Option App to its South African clients. Naturally, I downloaded it to my smartphone and started trading. The fact that they really don’t ask for much in terms of finances was the decisive factor, I’d say. Also, IQ Option withdrawals for citizens of South Africa are very simple and the money is delivered to my First National Bank account without the slightest problem every time. You can earn money, you don’t have to invest much and it’s loads of fun. To all my fellow countrymen looking for a broker: IQ Option is the best broker in South Africa.”

IQ Option Feedback

IQ Option South Africa | Conclusion

As you can see, IQ Option applies the same standards all over the world, and IQ Option South Africa is certainly no exception. If you’re a citizen of South Africa, you can rest assured you will be provided with the same high level of service as traders in Europe, for example. All the main features of the company’s offer will be available to you, so you only have to open your account and start trading. Don’t waste any more time and sign up with IQ Option – South Africa’s leading binary options broker.

General Risk Warning: The financial services provided by this website 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.

DISCLAIMER: Binary options are prohibited in EEA.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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