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Whether you are trading forex, CFDs, binary options or cryptocurrency you will need the assistance of a broker and it is best to choose a regulated broker. As the number of investor trader increases in South Africa,the race to become the best broker also becomes more competitive. IQ Option is one of the top brokers operating in South Africa. is registered at Seychelles. IQ Option had started out in 2013 as a Binary Options broker but now is extremely popular among other investors and traders.
The trader will have the option to invest in any of the financial markets from one place itself as IQ Option now covers all the aspects. In South Africa, the traders can open a real trading account by depositing only 10 if they have chosen IQ Option. The Trading Platform of IQ Option. IQ Option does not depend on popular trading platforms like MetaTrader 4 and MetaTrader 5 for Forex and CFDs trading. The trading software provided by IQ Option is updated regularly so as to incorporate any new features that will enhance the trading experience of the South African citizens.
You will find advanced trading tools and indicators like moving averages, MACD, Bollinger Bands and RSI. You will have no problem accessing the trading platform if you are using a smartphone. Instead, the company has chosen to develop their own trading software that offers several tools and indicators for the South African traders. The traders can also test a trading strategy in here before applying it on the real market.
The demo account is available for all the traders- forex, CFDs, stocks, cryptocurrencies and binary options. The traders in South Africa will get 10000 virtual money for the use of demo account. They can easily shift to the real, live account from the demo account. The minimum deposit for binary options at IQ Option is 10 only and the minimum investment is as low as 1. Trading Binary Options with IQ Option in South Africa.
You will have at least 68 options at your disposal for trading. IQ Option in South Africa offers demo account to its clients. The expiry period may vary from 60 seconds to 1 month in case of binary options trading with IQ Option. Amount will be credited to account in case of successful investment As binary options trades always end in asset or nothing, your chances of losing more than you can afford to lose are greatly reduced.
Nevertheless, trading Binary Options also has its own risks. You have to time the market properly and the charts and trading tools offered by the broker will help you to place a Put Call option. Trading Forex CFDs with IQ Option in South Africa. IQ Option offers 27 forex pairs for the South African traders to trade in. USD, GBP, EUR, and JPY are some of the popular currency pair varieties that you can trade in. You will not have to pay any brokerage fees yet have the chance to receive up to 95 returns.
You shouldfollow the warnings displayed on the website and invest only what you can afford to lose. In the financial market, nothing can be said with 100 surety as the price movement may occur in a different direction from the one predicted. You may get leverage as high as x500 when trading forex with IQ Option. T Cs apply Tools like stop loss and take profit are available that benefit the South African traders. When trading forex you can take part in the tournaments organised by the broker and receive rewards like free participation in a paid contest.
But, you may have to take a little more risk to make it to the next level. The broker offers tighter spreads so as to attract more traders. Trading Stocks with IQ Option in South Africa. IQ Option offers numerous stocks for the South African trader to invest in. This is immensely helpful for the neophytes as they will be able to experience real market situations.
Basically, you will be able to invest in the best-performing companies listed on NASDAQ and NYSE. You can choose to invest in stocks of tech giants like Netflix, Google, Amazon, and Facebook and so on. The brokerage company offers up to x10 leverage to its traders. Trading Cryptocurrencies with IQ Option in South Africa. IQ Option has enabled cryptocurrency trading from its platform in South Africa. Even though the cryptocurrency brokers do not have any license from institutions like FSB, it is legal to trade cryptocurrencies in South Africa.
The broker offers 15 cryptocurrencies Bitcoin, Ethereum, Litecoin etc. to its clients to invest in and leverage offered is up to x10. T Cs apply IQ Option displays candlestick, line and bar charts for the cryptocurrency traders to analyse the market. You can check out the current price of the crypto coin you are trading from there. After opening the official website of IQ Option you will have to click on the Sign Up icon on the right-hand side of the page.
Insert your First name and Last name. Mention your email id. You have to then insert a password. Click on the box and accept the Terms Conditions. It is important to go through these first. You can open a demo account for free. The website displays a Risk Warning at the end of the Sign Up pop-up as trading on any financial market involves taking some risks.
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Do you want to start trading digital options or forex for your future development. But getting a reliable trading platform is not easy right now. Because there are many available near you. It s like a thousand or more. But you can find two major brokers that are leading the industry. They are the well known IQ Option and Olymp Trade. Olymp Trade platform. At present these are the most famous digital options brokers in the world.
But many people have their own opinion to choose one. We will also explain here about them and describe in detail how we can compare IQ Option and Olymp Trade. Also, they review them with different benefits and ease of use. What they really offer you. We will explore all these things here thus you can know everything with a short review.
So let s see IQ Option vs. Olymp Trade Which one is better. The main facts of IQ Option and Olymp Trade. IQ Option Olymp Trade Regulation CySEC Cyprus International Financial Commission IFC Minimum deposit 10 10 Demo account 10,000 Free 10,000 Free Platform Desktop, web, app Desktop, web, app, MetaTrader 4 Markets 500 currencies, cryptocurrencies, stocks, ETFs, indices, commodities 100 currencies, cryptocurrencies, stocks, commodities, indices Financial products Binary Options, Digital Options, Forex, CFDs Binary Options, Forex Yield for Options Maximum of 100 Maximum of 92 Support 24 7 phone, email, chat 24 7 phone, email, chat.
IQ Option is a famous online broker for trading options, forex, and CFDs. More than 25 million registered customers are trading here. It is being one of the best binary options brokers among others. Generally, IQ options allow users of three kinds of trading accounts. Users can easily sign up or register for a real account, a demo account, or a premium account on this platform. Mainly it is a Cyprus-based broker company. Users can start the trading journey with the demo account.
So you can say that demo accounts are given to get started on this platform. On the other side, the real account needs a minimum deposit to open. The account needs a minimum of 10 deposit. Also, the premium accounts need a 3,000 deposit first. IQ Option growing numbers. With IQ Option, users can trade with more than 500 markets. Also, IQ Option gives you a fabulous educational system online. So that the user who wants to trade with IQ Option can learn about it.
Also, the newcomers can learn on this platform easily. Not only that. The experienced traders also can use this. They can gather knowledge about the trading system using this educational material. IQ Option is a licensed authority that is regulated by famous CySEC. Also, this broker company is available in various countries with their services across the world. But unluckily IQ Options is iqoption you open for Canada, USA, Israel, Japan, and rare in some other countries.
All the resources available there are much well and useful for the users. Main facts about IQ Option. The company is based in Cyprus and St. Vincent and Grenadines Largest broker for digital options Growing account registrations Regulated company Accepts international clients More than 500 markets Small minimum deposit 10 High returns on investments Quality and userfriendly platform. Olymp Trade overview.
Olymp trade is not much different from IQ Option. They are just like each other for digital options trading. Olymp Trade is based in Cyprus, too and it has a great serving base in Russia and headquarters is in Saint Vincent and the Grenadines. This digital options broker calculated that they have more than 25,000 trading people who are trading on their platform daily.
A standard account needs a minimum of 10 deposit to start trading. Olymp Trade allows two types of trading accounts on their site. And VIP accounts need a 2,000 minimum deposit with it. The company gives more than 100 assets to trade on the platform. Also, it has large educational elements that the newcomers can utilize for their trading training. But these two accounts proceed with a 10,000 virtually deposited demo account first.
The platform is regulated by the International Financial Commission IFC and got no real authority of a country which is regulating the offers. That is why Olymp Trade is not available for European clients. But through our research and tests, the trading platform has the highest security standards. Main facts about Olymp Trade. Based in Cyprus and Saint Vincent and the Grenadines A regulated company by the IFC Broker for digital options and forex A small minimum deposit of 10 Secure trading platform More than 44 million downloads More than 25,000 users every day Growing popularity.
Regulation of the companies Regulators. IQ Option is regulated by the Cyprus Securities and Exchange Commission CySEC. This shows us a high trust because it is a legit regulatory authority in Europe. In addition, IQ Option is registered in many countries by regulatory authorities which allow the service of the trading platform. IQ Option is regulated by the CySEC. Olymp Trade is regulated by the International Financial Commission with the highest category A.
It is an independent regulator which is checking brokers through different criteria. Olymp Trade is regulated by the IFC. The regulator is legit too because we know that a lot of trusted brokers got this regulation. But both regulators assure that the activities of the brokers are in accordance with the legal financial laws. The regulators also manage conflicts resulting from the bad use of brokers. Active traders measurement.
More than 25,000 registered traders are using the Olymp Trade with the real-time account from the site. According to their website, nearly 250,000 registered users made real trades on a live account in the month of January 2020. They boast more users on their platform daily. Their monthly turnover exceeded 171 million. On the other hand, IQ Option processes over 15 million traders with a monthly trading volume exceeding 290 million. So both broker companies dominating the Digital Options and the Forex Market.
Olymp Trade Trading platform comparison. We explained the trading and facility of the digital options brokers above. And you have already known that Olymp Trade is one of the real competitors of IQ Option. Although they are pretty similar, they have some different trading policies and benefits. Now here we will help you to differentiate and choose the better option from them.
Here we compare both platforms with every single research from the depth. So that you do not have any confusion even if you are a new trader on this platform. There are many people who are confused about choosing the best one. But the comparison below helps you a lot to decide the better one before investing in it. Let s go to the comparison with the side by side in-depth research comparison.
IQ Option trading platform screenshot. Olymp Trade platform screenshot. Users and traders can access both platforms using different Web applications. They are accessible via different desktop apps Windows and macOS as well as Mobile apps Android and iOS anytime. Also, Olymp Trade is offering the popular trading platform MetaTrader 4 for forex trading.
IQ Option Olymp Trade Web platform Download version Android Apple iOS MetaTrader 4 No. Charting on IQ Option and Olymp Trade. From our experience, IQ Option is showing a better-developed trading platform. There are more opportunities to analyze the chart and use technical strategies. You will find more indicators and analysis tools. In addition, you can customize the chart better than on Olymp Trade.
IQ Option indicators for analysis. That does not mean you can not trade successfully with Olymp Trade, both platforms are offering the right tools for investments. Indicators Drawing tools Chart types Multi charting Templates Customizable platforms. Return on investments options. Depending on the financial instruments or assets, Olymp Trade allows returns varying from 70 to 92. Also, it depends on the account type and volatility of the account. IQ Option returns of investments ranging from 75 to 100.
Here the account type and volatility also counted. All in all, you can earn more money with IQ Option because of the higher yield. Another important difference is that you can earn a 100 yield without a VIP account on IQ Option. For earning 92 you will need the Olymp Trade VIP account. Types of accounts they are offering. There are different types of accounts that are offered.
The account status is depending on the deposit and trading volume. Olymp Trade offers 3 different account types and IQ Option offers 2 different account types. For standard accounts, the user has to deposit the minimum amount of 10 on the account to open this on both brokers. On the other side, VIP accounts need a deposit of 2,000 on the account first with Olymp Trade and 3,000 with IQ Option. The Vip account gives some extra benefits for the account holder.
It included higher returns options and a personal consultant policy initially. The VIP account covers the risk-free trades on the Olymp Trade platform. IQ Option VIP account included faster withdrawals, a personal account manager, and free trading ebooks facility. Both IQ Option and Olymp Trade allow a demo account on their platform. This account accumulates 10,000 in virtual cash. IQ Option Olymp Trade Demo account Free Free Standard account 10 yield up to 100 10 yield up to 82 Advanced account 500 yield up to 84 VIP account 3000 yield up to 100 1 5 additional return 2,000 yield up to 92 risk-free trades.
Financial instruments Asset types. Olymp Trade allows more than 80 different assets or financial instruments with its platform. It offers forex, options, indices, cryptocurrencies, stocks, and commodities. On the other hand IQ Option has over 500 financial instruments or assets for the platform. These cover options, forex, ETFs, CFDs, commodities, cryptocurrencies, and indices.
Assets and markets of IQ Option. The active assets are depending on the time and stock exchange opening. IQ Option offers far more options to trade. You can invest in more markets than with Olymp Trade. IQ Option clearly wins in this comparison. At present Olymp Trade receives only 9 payment methods. Including Visa master cards, Neteller, Skrill, Webmoney they accept debit credit cards and some other eWallets payment system. But IQ Option accepts more than 20 various payment methods for secure deposits and withdrawals.
We can not list all payment methods here because the payment method can be depending on your country of residence. For example, European clients can use PayPal iqoption you IQ Option. IQ Option accepts all the methods that Olymp Trade accepts. In conclusion, IQ Option also wins this comparison because the broker is offering more payment methods. Olymp Trade and IQ Option both are fast and easy process platforms for traders. If you are trading with a credit debit bank card or e-wallet, they will prepare the deposit, especially in certain minutes.
Coments:03.05.2020 : 20:19 Gole:
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