Your capital may be at risk. This material is not investment advice.
It can be quite confusing to choose from the wide array of digital options sites to trade in anywhere in the world. In South Africa, the task is just as hard due to the hundreds of trading sites that make it even more frustrating.
Since the launch of IQ Option in 2012, it has seen a steady growth in its client base and the trading options, which it is offering its clients all over the world. The South African branch of IQ Option is a broker that many South African traders highly recommend.
IQ Option in South Africa
IQ Option has grown into an internationally recognised brand in digital options trading, with offices in several countries around the world. One of these countries is South Africa, where there has been a significant increase in the number of South African traders entering the market.
This digital options brokerage firm trades on the behalf of millions of traders around the world. IQ Option is a platform with a resourceful support team. It provides the latest trading technology for a minimum deposit of only $10.
Getting Started on IQ Option
Traders wishing to transact with IQ Option can go to the sign-up page, which is direct and quite simple to understand. Information like the trader’s name and contacts are filled out on an online form before making the necessary deposit. The low minimum deposit required for trading with IQ Option is very pocket-friendly for anyone who wants to enter the digital options trade.
Placing a trade on IQ Option
The innovative design of the trading platform makes it simple to trade on the IQ Option app. One can invest between $1 and $1,000 in a wide variety of investments, based on the amount of risk exposure. The trading page enables one to choose the trading option, the amount to trade for and the asset of her/his choice.
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 Options Benefits
South African traders enjoy some great benefits when they use IQ Options as their broker. Upon the lapse of a certain trading period, a trader can unlock the surprise bonuses that appear on the dashboard in the form of notifications. These bonuses are a welcome incentive to continue trading.
It is also possible to receive a bonus equivalent to the amount deposited initially. This 100% bonus gift is a motivator for newbie traders in South Africa to continue trading as their investments do not go in vain while they gain experience.
Traders signing up with lower deposit amounts also receive a sign-up bonus of 80%. Thus, even those with the minimum deposit of $10 have extra cash to begin their trading career.
IQ Option Trading Accounts
IQ Option aims to treat all traders as equally as possible. That is why it has only two options of trading accounts, apart from the demo account:
1. The VIP option account
2. The Standard option account
The VIP account has a minimum deposit of $3,000 and provides a faster withdrawal processing and full information access.
The IQ Option trading platform
The online trading platform of IQ Option in South Africa is innovatively designed for making it convenient for the traders while trading online. It has an appealing, menu-driven layout with customised features and zooming capabilities to enhance the trading experience.
Useful Trading Tools
IQ Option was among the first companies of its kind to offer demo accounts for South African traders. This has allowed them to learn how to trade virtually without using real money. The web platform is a great learning tool for traders to understand more about the digital options market.
The demo account mimics the real trading account for smooth transition to real trading. Sceptics of digital options trading have a risk-free opportunity to understand how the market works. The informative webinar that comes along with it is useful even for the newbies in South Africa.
Traders in South Africa have the option of trading in over 70 assets. They can choose from commodities, indices and stocks like Apple, Wal-Mart, and Google. Through IQ Option, a trader can trade in a combination of different options for optimal profits.
Return on Investment
The options offered by IQ Option are necessary for successful trading in the digital options market. Successful trades can yield as much as 92% returns on investment, which is higher than the returns gained by trading on most financial trading platforms. The percentage return on invest using IQ Option is also higher than that of the other brokers even a short period of trading.
Making withdrawals and deposits
Withdrawing cash from IQ Option platform is an articulate procedure that takes between one and three working days. For the first ever withdrawal, one is required to give IQ Option the scanned copies of the national ID, a utility bill and a signed credit card if that is the preferred withdrawal method. This confirms the trader’s identity and prohibits occurrences of online theft. The withdrawal method determines the charges incurred, which range between $5 and $10.
Making deposits have never been easier with IQ Option. South African traders can use WebMoney, Visa Card, Skrill, POLI, Master Card, Maestro, Cash-U and wire transfers to make deposits. Most digital options brokers in South Africa have the minimum deposit at $250, but IQ Option has the lowest minimum deposit at just $10.
The Customer Support Division in IQ Option, South Africa is very resourceful in answering customer queries and solving issues. They are reachable on email and answer queries within a few hours of sending. Account managers are assigned to each trader to help address any issues or concerns. They can be contacted on either Skype or email, but one may need to wait for a response at times since they are not available round the clock.
IQ Option is one of the best digital options brokerage companies one can find in South Africa.
Its innovative online platform does not lag behind any other broker’s platform. IQ Option is a regulated broker with great customer support and a large client base that is confident about its ability to monitor and manage client investments in the digital options market.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions