IQ Option Review

Your capital may be at risk. This material is not investment advice.

IQ Option is a broker who uses its distinctive customised binary options as a trading platform. It was first invented in 2012 and since then, has gained popularity among a large number of investors in South Africa. This platform enables you to trade in South Africa at the rate of up to once every five minutes while the binary options have increments of one hour in fifteen minutes with about 78 assets that can be accessed for trading. Both, Android and iOS platforms can be used for trading with IQ Option. A minimum deposit of $10 is required by the South African traders to open a real account and a demo account too for general practice before they can start real trading.

Platform for trading and for placing trades

The trading platform review of IQ Option is innovative in design, making it very simple for traders to understand and use. In fact, the trading platform is one of the best with distinctive customised features that generally appeal to all South African traders. This trading platform is a great place to execute trades with a minimum investment of just $1 to a maximum of $1,000. This gives the traders a variety of investment options based on the confidence level and risk involved in the specific trades.

A South African trader has to sign onto the website and proceed to the trading page to place any trade. This is where you can decide the type of option or assets to invest in and the amount that you would like to invest. IQ Option allows you to do just that with a few clicks instead of wasting your time in selecting the winning trades.

How to trade on the IQ Option platform?

There are two account levels for South African traders without taking into consideration the amount you wish to invest.

1. Real Account of IQ Option

  • Access all trading platforms
  • Trade with real money
  • Initial deposit of just $10
  • Quick withdrawals within three days
  • Over 70 assets to choose from
  • You can participate in all trading competitions

2. VIP Account of IQ Option

  • Over 70 assets to choose from
  • Quicker withdrawals; within 24 hours
  • Access all trading platforms
  • Trade with real money
  • Access to a personal manager
  • Monthly analysis of your trades
  • VIP deposits start from $3,000

Unique features of IQ Option-Platform Review

  • High Payouts “One of the greatest features of the IQ Option platform review is high payouts of about 5” 15% higher than the average industry. Though a newcomer might not find this amount big, after a large number of trades, the amount will definitely seem great on accumulating. These can be reinvested in more trades.
  • A mere $10 minimum deposit IQ Option is a welcome relief for new South African investors as it has the lowest minimum deposit amount of just $10 and is allowed to make investments for even $1 at a time.
  • An excellent Interface The IQ Option platform reviews suggest that at present, it has the best interface in the industry. All data is presented through an attractive interface. IQ Option 4.0 is their latest software based on WebGL technology, presenting data in a Quasi-3D format.
  • Emscripten Technology Another innovative feature of IQ Option is the utilisation of Emscripten technology that allows as many as nine charts to be seen at one time on the page that is equipped with seasoned trading technology. This means that a trader in South Africa does not need to switch between the various tabs to see a particular trend.
  • All vital data can be seen at a glance Trades can be done in seconds if a South African trader is provided with data of the last two years involving all trading options. These options can be viewed to get an exact analysis of the market conditions and to review the trends in the long run. For advanced trades, analysis of highly technical data is available in the form of tools like Awesome Oscillator, Parabolic Sar, MACD and Stochastic Oscillator.
  • All-inclusive Technical Indicators Presently, bar lines are becoming popular in binary trading for total compatibility in this new style of trading. They are faster to assess as they show the opening, closing and the maximum price in the trading process of one day.
  • Four Categories, each having over 100 assets The four assets in IQ Option Platform review are Stocks, Indices, Currencies and Commodities, each having over 100 individual assets. This IQ Option platform review finds that a normal trader will find such a large number more than enough to work with.
Free Demo Account
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.

Deposits and withdrawals on the IQ Option Platform

Most deposits are processed depending on the method of transaction, ranging from one business day to three business days for processing. There is no upper limit on withdrawals, although the maximum amount is $1,000,000. The various approved methods of withdrawing funds on IQ Option trading account are Credit Card, Bank Transfer, Skrill, Money bookers, Maestro Card and Cash U. It is very interesting to note that all transactions are SSL encrypted. In case, a South African trader wants a change in the withdrawal procedure, they have to provide scanned documents of all their details like identity, address and account number.

Rumors about IQ Option

There are rumours in the market stating that IQ Option should be considered a scam. But the truth of the matter is that this is far from the truth. They are the most reputed, trusted and popular binary options trading platform, helping traders to make enormous profits in the long run.

Conclusion

The review of the binary options broker service of the IQ Option platform is certainly impressive for both, a novice trader to an experienced trader. The IQ Option review program is unbeatable in terms of accessibility, ease of usage as well as providing an unlimited free demo. An advanced trader might feel restricted by the limited options, but on the whole, it will satisfy over 95% of users. IQ Option is thus unquestionably the best binary options broker available in the market today.