The popularity of IQ Option has been attributed to its concentration on high and low options to ensure all traders get a chance to invest, using various accounts. IQ Option account types available to South African traders include 3 kinds, to ensure everyone, right from new traders to experts, succeed according to their skills and experience. With the appropriate methods, traders are sure of making huge benefits. Below is a review of these three account types.
The IQ Option account types are:
1. Demo account (free)
2. Real account
3. VIP account
1. Demo Account
This account is also known as a training account. The account is free and lets traders practice trading in binary options. The number of trading assets in the account is 13, and traders are allowed to utilize all features of a real account, in the knowledge that this is an opportunity to learn how to trade effectively without incurring any actual losses. You are free to use the account as long as you require it, and you can deactivate it at your convenience. The trading demonstration amount is $1,000, and no personal details are required. All trading options are not provided in this account.
2. Real Account
It is one of the best IQ Option account types, enabling traders to make profits by trading with real cash. The account gives all South African traders access to a full trading experience using over 70 assets. Traders are guaranteed full access, using only a minimum deposit of $10, one of IQ Option very attractive features. Withdrawals are real and take minutes to your e-wallet or bank card, although withdrawal processing times are different according to the specific method. Processing is done within 24 hours up to a maximum of 3 working days.
The support feature of the account is a live chat, and the account offers trading tournaments, where South African traders can participate in various trading competitions. Besides, traders with real accounts get access to a training balance, as well as switching between them for advanced training. Additionally, traders get bonuses of up to 30% on every deposit. A real account is a good option for advanced traders, as well as first-time trading in real time and money for those having built up some experience on the demo account.
3. VIP Account
This account is suitable for traders who have already established themselves. Traders with VIP accounts enjoy various perks, which cannot be accessed by those with real and demo accounts.
Apart from accessing the IQ Option trading platform fully, the account offers traders in South Africa with over 100 assets for their trading. Trading is made with real money and withdrawal is faster, as it takes only 24 hours. In addition, you get an entry into trading competitions. However, to be an IQ Option VIP, you will be required to deposit $3,000.
Some of the greatest privileges of a VIP account that a trader enjoys are high profitability rates and personal managers. An IQ Option VIP account is the best way for any South African trader to make his or her goals come true, as bonuses on every deposit they make are up to 36%. Whenever you get a successful bonus, it is deposited in your account immediately.
The VIP personal managers are experienced in all matters pertaining to IQ Option and are ready to assist you with your account. Your VIP personal manager will be available 24/7 to help in solving your issues. Your VIP personal manager gives you advice concerning your account, and acts as an analyst, giving you monthly analyses on your investment progress. Additionally, the account provides you with educational materials on how to make more profits, according to the expert’s analysis and mothods.