IQ Option Review 2019 - everything you need to know as Nigerian trader
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Despite its name, IQ Options is not only about options trading. The platform also offers traders the opportunity to trade with CFDs in over 300 different assets. On top of that, IQ Options also offer traders to speculate in a range of cryptocurrencies, ETFs and currencies. IQ Options trading platform is intuitive and user friendly. With IQ Options, new users can opt to start with a free demo account with $10 000 in virtual trading capital. This offers new traders an excellent opportunity to get acquianted with the platform and test their investing strategies. After getting familiar with the platform it is easy to being to trade with a real trading acccount. Minimum deposits are only $/£/€10, allowing customers to trade with smaller amounts.
Sign up and start trading within a minute
The best way to sign up with IQ Options is via Google, Facebook or simply create an account by using an email address, inserting your details and creating a password.
Free Demo Account with €10 000 in virtual cash
After that, you can momentarily either use your demo account and test your investing strategies with $10 000 in virtual trading capital, or make a minimum deposit of at least $/£/€10 to begin with live trading.
Deposits
To make a deposit into your account is straightforward and easy. The most popular deposit methods are available such as wire transfer, and bank and credit cards. Minimum deposit is only $/£/€10 USD/GBP/EUR and IQ Option does not charge any fees for depositing funds.
Are you ready to start trading with CFD with IQ Option? Click here to open an account now
Account verification – easier than ever
In order to make a deposit, brokers have to verify your account – a process known as KYC and known to scare away many Nigerian traders due to hurdlesome requirements. However, with IQ Options things are different - it is enough to send a photo copy of your ID to get started. This makes IQ Option one of the best brokers for Nigerian traders who wants to get started with their trading as fast as possible.
Withdrawals
Withdrawals are available with the same methods as deposits eg wire transfer, and credit - and bank cards. In order to make a withdrawal IQ Options needs to verify your trading account, including proof of identity. This is a part of the KYC procedures. In order to dovetail this, it's recommended to clarify these requirements at the outset and before needing to make a withdrawal so the verification can be finalised before a withdrawal is requested.
A state-of-the-art trading platform
IQ Options offers a cutting edge trading platform. Especially for Android-users benefit from IQ Options unqiue mobile applicaton. This is great news, as the Android is perhaps the most popular operating system in Nigeria. Should you prefer to trade through your desktop, you can either download the platform or use the web version, and Iphone users can enjoy IQ Options mobile app.
Regulations
IQ Options is regulated by CySec, the Cyprus Securities and Exchange Commission. The Cypriotic financial regulator is considered one of the leading financial regulators in the European Union
Customer Support
IQ Options offer customer support via email, contact form and chat function. Around 100 customer service specialists engage with traders. More personalised services is given to VIP traders in the form of dedicated personal account managers.
Conclusion
IQ Options is a great trading platform for beginners and experienced traders alike. The sign-up process is streamlined. Within minutes you find yourself ready to either trade with your demo account with $10 000 in virtual money, or deposit a minimum of only 10 USD/GBP/EUR to trade in with various finanial instruments such as CFDs, and in a range of assets.
In terms of assets, traders have more than 300 different assets to trade in, including stocks, cryptocurrencies, ETFs and curencies. An impressive amount of CFDs are also available. As the platform caters to online trading in CFDs, stock, Forex, and cryptocurrency, IQ Options is an excellent alternative for Nigerian traders seeking to trade in the aforementioned instruments and assets.
IQ Options platform is outstanding and can be downloaded if so prefered. The mobile app is perfect for Android and Iphone users alike, making it easier than ever to engage in mobile trading.
Are there any drawbacks with IQ Options then? Of course – no broker is perfect. At CFD.ng we recommend our traders to first and foremost trade with CFDs - we do not recommended financial instruments such as options. However, and as we have pointed out in this throughout this review, IQ Options also offer other instruments. We therefore recommend traders to sign up with IQ Options to use the great trading platform to trade with CFDs, cryptocurrencies, Forex and ETFs. As long as you trade cautiously and wisely, IQ Options is an excellent alternative for for beginners and experienced traders alike.
We hope that this IQ Option review has given you the information you need. The next natural step is to use the free educational material and free demo account that IQ Option provides:
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