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IQ Option
Rating: Rated with 5 stars
Binary Option Programs Award
Min. Deposit
$ 10
Min. Investment
$ 1
Regulated Broker
Yes

IQ Option Review South Africa

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

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

    On top of from their top-notch trading platform, another highly appealing IQ Option South Africa feature is their incredibly low minimum payment. You can start trading for as low as $10 and get access to a proper live account.

    Read our full review on one of the utmost 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 Review: 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 online 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. You can even place multiple trades with a variety of instruments offered on IQ options’ trading platform. All that you have 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

     

    IQ Option South Africa

     

    On IQ Option trading platform, you 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.

    Recently, IQ Option assets have been expanded 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.

    As for leverage,  IQ Options South Africa offers leverage on up to 20x for stock CFDs and FX trading of up to 1000x – known as the 1000x multiplier. Our IQ Option review finds that traders 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 South Africa Trading Platform

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

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

    Yet, is IQ Option safe? IQ Options South Africa 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 South Africa offers the ultimate online trading experience for everyone – no matter your experience.
    IQ Option south africa

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

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

    All you have to do is:

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

    Binary options trading is even easier with an auto trading robot because the trades close themselves automatically when the expiry time has been reached. Unfortunately, this feature is not available with IQ Option South Africa.

    Throughout this entire process, as reported in our IQ Option review, this broker offers many charts that display the most recent market trends, so you 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 video tutorial, visit our binary option trading guide.

    In addition, their trading 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 surprise us why this broker is so popular among traders worldwide.

    iq options south africa

    What are IQ Option Price Alerts?

    To make your life easier, IQ Option recently added a brand-new feature to their online 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 have to do is set up an alert for the assets you want and IQ Option South Africa 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

    IQ Options South Africa

    Getting Started – IQ Option South Africa Trading Accounts

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

    Even so, anyone in South Africa can experience what this powerful online trading platform has to offer without spending a penny, through the demo account, completely free.

    IQ Option Free Demo Account

    All registered traders from South Africas have the option of using IQ Option Free Demo Account practice account, before depositing any money. This means beginners get to learn the basics of online trading entirely risk-free. If you are an experienced trader, on the other hand, you can fully test the IQ Option trading platform before investing any real money. Most traders in South Africa find that one of the key metrics of binary options brokers quality is precisely whether they have a binary options demo account or not.

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

    Once you have practised on the demo account 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, as a South African investor, you can begin trading with IQ Option with the minimum amount of $10, which gives full access to a Real Account and all trading instruments and services. The number of assets available is 500.

    Traders in South Africa also have the 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 payment of $3,000 is required.

    In return, you get an IQ Options South Africa VIP account, with unlimited 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 Options South Africa Education Resources

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

    Besides the demo account that is available and entirely free for all South Africa registered users, IQ Option offers various video tutorials that you can use to hone skills and master the mechanics of online trading.

    One of the main reasons for the rising popularity of IQ Options South Africa 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 the 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 trading platform.

    IQ Option Affiliate Program

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

    An affiliate program is for all those users in South Africa, who are not looking to trade with IQ Option themselves – but partner with them. By becoming an IQ Option affiliate, you can earn up to 70% of profit by promoting the award-winning broker on your blog or website.

    iq option affiliate program logo

    All you have to do is:

    1. Join the IQ Option South Africa 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 South Africa

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

    Unfortunately, there is no direct phone number in South Africa available yet, but we listed the numbers that you can find on their website and call for their support any time.

    English:
    +44 20 8068 0760
    +44 80 0069 8644

    Portuguese:
    +351 882 880 034 (Toll-free)
    +351 308 807 766 (National)

    Spanish:
    +34 91 123 87 48 (Madrid toll rate)

    IQ Option also offers a live chat, which is available for all traders in South Africa directly on their trading platform.

    IQ Option South Africa Deposit and Withdrawal Methods

    iq option deposit

    IQ Options South Africa takes the security of all its traders very seriously and presents no difficulty throughout the deposit and withdrawal process – which many traders in South Africa 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. With IQ Option South Africa you have the option to deposit in South African Rand, as well as many other currencies. Check out the table for more information on minimum payment amounts.

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

    As you can learn from our IQ Option Review, you have a variety of different payment options that you can use to deposit in South Africa, 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 all traders in South Africa is explained in detail on their site, which is very important and an immediate indicator of transparent business conduct.