Binary and binary options are prohibited in EEA.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

IQ Option compared to Finpari 2020

  • Broker Name: IQ Option
  • Min. Deposit: $10
  • Min. Investment: $1
  • Max Returns: 91%
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Finpari
  • $250
  • $1
  • 90%
  • No
  • Yes
  • No
  • No
  • Yes
  • Yes

Systems for binary options trading enables traders to make simultaneous trades within a short time. binary options traders have taken advantage of IQ Option and Finpari to maximise their investment profits. IQ Option was established in the year 2012 by European-based IQ Option Europe Ltd. They exist to provide a convenient and highly secure binary trading platform for binary traders. Finpari is a Scottish based investment company founded in the year 2014. Its purpose is to provide clients with a superb trading experience.

Why do South African traders love IQ Option and Finpari?

IQ Option system for binary options trading offers the following advantages to its members:

  • A maximum win rate of 91 percent on trades
  • Offers a free highly rated user- friendly mobile app
  • All members receive a free demo trading account
  • binary Options traders enjoy the following Finpari advantages listed below.

  • Weekly trading tournaments that have a 10,000 South African Rand cash prize.
  • Quality investment training packages for all members.
  • Members can purchase fully managed accounts where all trades are executed by expert traders.

Choosing the better option

Listed below is a list of criteria which will be used to compare specified features available on both systems for binary options trading.

1.     Types of trading options available
 IQ Option offers six types of trading options such as pair options (stocks and foreign currencies), High/Low options, Touch/No touch options among others. Traders can also invest in valuable commodities such as gold, silver, oil and coffee.

Finpari traders in South Africa have access to similar trading options on IQ Option. What stands out in Finpari is the Ladder option. It is whereby a trader earns a profit on his or her investment on condition that the asset reaches one or more of the specified strike prices before the expiry period. The profits earned increase with higher strike price levels.

2.     Winning rates offered
IQ Option offers a maximum rate of 91 percent on all trades while Finpari offers a peak rate of 90 percent. The winning rates vary with each type of option available in the market.

3.     Accessibility on Mobile devices
South African traders can request predictions, investment data analysis and activate autopilot trading features using the dedicated Smartphone App. binary options traders in South Africa can download IQ Option app on Android’s PlayStore or Apple’s iTunes. Users can zoom in to view graphs and also save them to their phone’s memory.

Finpari offers South African traders with a dedicated app that offers numerous beneficial features. Traders can contact Finpari’s customer support team using the app, and utilise the Spot-on feature that allows traders to copy trades from their favourite expert binary options traders.

4.     Stock markets available to South African traders
IQ Option allows traders to trade in options available on American, European and Asian international stock exchange markets. This is a significant advantage because most of the international options are unavailable in local South African investment brokerages.

Finpari binary Options traders have access to over 100 assets available on international securities exchange platforms e.g. London Stock Exchange, New York Stock Exchange and Japan Stock Exchange among others. South African traders can also trade in indices options from over 21 international index markets such as FTSE 100 (UK), DOW (US), DAX (Germany) and others available in Europe and Asia.

5.     Availability of demo trading accounts
IQ Option offers free demo accounts to traders. Demo trading accounts enable traders to practice in real life trading using virtual currency; therefore, no actual capital risks involved.

Demo trading accounts on Finpari are available after one has deposited the required amount. Traders can operate the account for as long as they wish, as long as they don’t run out of virtual currency.

6.      Availability of Customer Support
binary options traders in South Africa can contact IQ Option’s support team on weekdays during business hours. The means of communication are Live Chat, Email and Telephone.

Finpari South African traders can reach their customer support team via Email, Live Chat and Telephone anytime the need arises.

7.     Minimum deposit requirements
Potential traders in South Africa can join IQ Option with as little as $ 10 dollars. No hidden charges are levied monthly, annually or whenever requesting a withdrawal. South African traders can invest in trading options available on IQ Option with just $1 dollar. The $ 3,000 dollar VIP package comes with a personal binary account manager to offer traders expert guidance for maximising profits.

Traders interested in joining Finpari will require $250 dollars for the bronze account package. The Silver and Gold membership packages cost $3,000 and $5,000 dollars respectively.  Traders with Finpari Silver and Gold membership packages receive 20-50 percent bonuses on their deposits and receive 3 risk-free trades.

Final thoughts

The Spot-on feature, available to Finpari traders, enables one to earn profits while learning the ropes of binary options trading at the same time. Finpari’s bonus packages for silver and gold members have awesome incentives because they motivate traders to participate in numerous trades. However, the expensive membership packages imply that Finpari is best suited for intermediate and expert binary options traders who are used to high risk-high reward/loss trades.