IQ Option is an online trading platform that lets you trade a range of financial instruments, including ETFs, commodities, binary options, stocks, forex, and cryptocurrency.
This broker was established in 2013 and is operated and managed by IQ Option LTD. IQ Option has quickly become one of the most famous trading platforms for traders globally, with more than 48,000,000 registered customers and more than 1,000,000 transactions per day. IQ Option accepts traders from more than 213 countries including Somalia, Malaysia, Pakistan, India, Nigeria, Singapore, South Africa, the Philippines, etc. IQ Option is regulated by the Cyprus Securities and Exchange Commission (CISC) and based in Cyprus.
Unlike other brokers that use a typical trading platform, IQ Option has a branded custom-built platform to meet its customers’ requirements. The platform is well-designed and is very easy to use. It has numerous helpful features, including technical analysis, multi-chart layouts, volatility alerts, historical quotes, stock screeners, market updates, economic calendars, and much more. It is also accessible in 13 different languages.
Within the IQ Option trading platform, users can trade multiple assets and financial instruments, including digital options, stocks, forex, binary options, ETFs, cryptocurrencies, and commodities. However, the user should note that binary options are banned in the EEA.
Initially, IQ Option started only as a binary options broker; however, they offer customers the capacity to trade Contract for Difference (CFDs) on Cryptocurrency, Stocks, Forex, ETFs, and various types of binary options contracts.
According to this review, the IQ Option permits you to trade CFDs on 169 of the best-performing stocks without opening charges. The minimum deposit for stock CFDs is $1, with leverage up to 1:20. Their stock assets list includes some of the world’s biggest companies, such as Amazon, Apple, Boeing, Tesla, and many more.
Forex (FX) trading is one of the most famous trading markets on IQ Option. This broker provides economic spreads and a wide range of currency pairs, including USD/CHF, NZD/USD, AUD/USD, GBP/USD, USD/JPY, and EUR/USD. Presently, there are 50 Forex Pairs on the IQ Option platform.
IQ Option enables you to trade CFDs on Exchange-Traded Funds, also known as ETFs. An ETF is a place where many a wide range of assets are combined into one basket. Presently, there are 25 ETFs available to trade.
IQ Option permits users to trade CFDs on 27 different cryptocurrencies, including Bitcoin, Ethereum, Neo, Cosmos, Ripple, Binance Coin, Cardano, Litecoin, TRON, Stellar, ZCash, Iota, EOS, Dash, and Bitcoin Cash. Users can expect excellent trade margin leverage and short selling options with easy withdrawals and fast deposits.
Presently IQ Option offers CFDs on five commodities, including Crude Oil WTI, Silver, Crude Oil Brent, Gold, and Platinum.
IQ Option Review Somalia
IQ Option is owned and managed by IQ Option Europe Ltd. IQ Option is a financial services supplier based in Cyprus. Named as a Cypriot Investment Firm (CIF), this trading platform falls under the Cyprus Securities Exchange Commission (CySEC). It is an authorized platform to offer customers financial services from the European Economic Area (EEA). IQ Option Somalia has a minimum deposit of $10, and it provides a free demo account. Due to this reason, it has made online trading available for everyone. IQ Option also introduced margin trading. It transfers them to more established brokers and CFD operators in the European Union and beyond.
IQ Option Trade Types And Payouts
A binary option is a financial tool that pays a fixed profit for an accurate market forecast on an asset’s cost within a specified time-frame or expiration. Accurately predicting an asset’s value movement (up or down) can bring about a profit of up to 95%. For trading binary options on IQ Option, users have to deposit a minimum of $1. There are $0 brokerage fees and expiry times ranging from 60 seconds up to the end of the month.
Digital Options (CFDs)
Digital Options is a financial tool that permits you to conjecture on the degree of an asset’s value movement. If the asset reaches the trader’s threshold, the payment of the digital option can go up to 900%. The minimum deposit for digital options is $1 and expiration times range from 60 seconds to 15 minutes.
IQ Option Technical Indicators
IQ Option provides more than 15 different technical indicators to support users in indicating the trend and finding profitable trades. The 15 technical indicators accessible to users are Belkhayate Timing, DPO, KDJ, Ichimoku Cloud, CCI, Fractal, ADS, ATR, Awesome Oscillator, Stochastic Oscillator, Parabolic SAR, MACD, RSI, Alligator, Bollinger Bands, MA, and Volume (exchange).
IQ Option Charting tools
To help you get high profits by trading with IQ Option, the broker offers many charting tools that can help you build a successful trading strategy and method. Charting tools available on the IQ Option are Line, Candles, Hollow Candles, Area, and Bars.
IQ Option Mobile trading
IQ Option provides customers with the capacity to trade options and CFDs through their branded mobile application. The mobile app functions on Apple iOS and Android operating systems. Users can download this app through Google Play Store or Apple Store.
The app is easy to use, user friendly and has a very clean and instinctive graphical interface. IQ Option is offering the same live chat video alternatives, just like the web-based trading platform. By using the mobile app of IQ Option, user can:
- Check Account Status
- Stay Updated With Market Development
- Perform Trades
- Use Charting Tools
- Setup Customizable Alerts and Push Notifications
- And Much More
IQ Option Demo
A fundamental and significant part of the IQ Option trading platform is the demo account, also known as a virtual account. This account provides users $10,000 in virtual money to let the users check the platform without any risk of loss. IQ Option offers a free of cost demo account. Users can switch from virtual money to real money with just one click.
“Test before use” is a famous thought we all know. With respect to trading platforms, this thought takes a demo account technique. Many brokers give virtual stores to IQ Option traders for their practice. From a broker, that can attract the interest of traders by showing their unique features. This is a way to gain traders’ trust or at least get an approach to the email address of traders. Likewise, as a potential IQ Option trader, the demo account permits its users to try and check the platform before use without any risk of loss.
IQ Option offers effective service of a demo account, which is easy to access and easy to use. Users do not need to sign-up for a demo account or virtual account. In other words, users can get a virtual balance platform without any fund deposit and registration. Users have to click on a specific button from the website of IQ Option , and they will be able to access a demo account having a virtual balance of $10,000. Users do not need to fill up any registration form, save time, and keep them away from issues. As the browser remembers the cookies, you can trade with the past outcomes in the demo account.
IQ Option Minimum Deposit in Somalia
IQ Option Somalia’s minimum deposit is 10 USD/EUR/GBP. Users can choose their preferred form of deposit, and there is no fee for depositing funds.
To make the first deposit, users must go through the account verification process, including entering the phone number, business experience, personal information, and uploading photo identification to the EU. Different countries will have various requirements and will require verification to make a withdrawal from the site.
IQ Option provides its users with various methods to make deposits and withdrawals from their trading account. Users can currently use debit services like Visa Electron and Maestro, or credit cards like Master Cards and Visa. Users can also use many payment methods like WebMoney, Cash U, Skrill, Neteller, and Moneybookers.
There is also an alternative way to process through Wire Transfer. Currently, the minimum withdrawal amount is $2, and the time to withdraw funds is one business day. Banks charge fees for this process. IQ Option does not allow deposits through PayPal.
IQ Option Withdrawal Somalia
The minimum IQ Option withdrawal amount is $2. To request a withdrawal, users have to use the exact payment method as the transaction is processed as a refund. After that, users can select any payment method that they want for withdrawal. Bank transfers may charge a processing fee. All requests for withdrawals are processed within one business day. If someone requests a bank card withdrawal, it maybe takes some extra time, depending on the bank.
The e-wallet options for withdrawals are the same for deposits, including WebMoney, Neteller, and Skrill. Users can use an alternative way to withdraw profits via a bank transfer. Remember that a bank transfer will charge a fee. In case you have to deposit through an e-wallet, you will have to withdraw funds from your same e-wallet account.
Irrespective of your withdrawal method, IQ Option will process withdrawal requests within three business days. Moreover, Bank cards and payment providers may take some extra processing time. Remember that before you can withdraw funds from your IQ Option account, you have to verify your accounts by providing documents for identification. This process involves the following uploading:
- a photo ID, such as passport and driving license.
- an image of every used card from both sides (eep the first six and last four digits visible, but for your security, hide the middle digits of your card number and CVV number)
IQ Option Somalia Contact Details
If users have any issue regarding IQ Option, they can contact online chat support and ask any questions 24/7. IQ Option will gladly help them with their problem. Users can find live chat icon on the website or app easily. If users do not like email or chat, they can search for phone number on the website and call to IQ Option support for help. IQ Option provides many ways to contact support and resolve issues 24/7. Users need to select convenient methods like email, live chat, or phone call.
Email: [email protected] for depositing issues and email [email protected] for all types of questions. Phone numbers around the world are listed on their website.
Does IQ Option Work in Somalia?
IQ Option is a state-of-the-art, innovative platform for trading binary options in Somalia developed and created by a group of professional traders, IT-specialists, and leading analysts. Users can trade different types of assets. The IQ Option platform supports both turbo options and classic binary options in Somalia too. Traders during typical market hours or up to 24/7 can trade anywhere from any PC having an internet connection, Android, or iOS mobile device.
Low minimum transaction ($1) and low minimum deposit amount ($10) makes this platform attractive for everyone eager to try trading binary options in Somalia. IQ Option supports various languages and local currencies; the user can appreciate the best trading experience in Somalia. Users have an opportunity to earn a profit of up to 91% in case of right and accurate predictions.
The company’s financial products carry a significant level of risk and can bring about the loss of all the funds. So users should never invest money that they cannot afford to lose.
Is IQ Option Regulated in Somalia?
Regulation means protection and security for the investor. Some brokers are unfair, corrupt, and always try to deceive their clients on the web. To put assets in a trustful company, they must be rules and regulations. A regulation reflects trust and security in the light of the fact that the company must be legal and works under the rules and regulations of a particular regulatory authority. IQ Option is an activity regulated platform. The platform is multi-regulated and has many licenses.
Over a couple of years, IQ Option has won various awards for its reliability and service quality. Currently, it has been recognized as one of the leading brokers in the online trading industry. To support its image as a trustworthy broker, the trader will be satisfied to realize that IQ Option is a regulated broker under the authority of the Cyprus Securities Exchange Commission (CySEC) and under the name of holding company IQ Option Europe.
As a regulated broker under the Cyprus Securities Exchange Commission (CySEC), it implies that IQ Option is also a MiFLD complaint broker. In other words, IQ Option is allowed to provide its services to customers within the EEA. Another advantage for customers of being controlled and regulated by CySEC is that the IQ Option is also a fellow of the Investor Compensation Scheme. Under this scheme, every IQ Option customer’s funds are fully secured up to a maximum amount of 20,000 euros.
However, for the traders outside the EEA, their accounts are regulated and managed by a separate sister company called IQ Option Ltd. The company is situated in Mahe, Seychelles, and is governed and regulated by the Seychelles Financial Service Authority (FSA).
Is IQ Option Legit in Somalia?
Before any investment, traders have to check the security of assets and cash. IQ Option is a real and expert platform that guarantees its traders that their assets would not be used for any related advantage by separating them in a safe and authorized institution. Furthermore, the traders can withdraw their assets/cash whenever they want.
Moreover, a broker has security about the unsure event of IQ Option getting wiped out. The platform will return all the deposited money if traders want to withdraw all the deposited money from their trading account.
The company claims to uphold the highest moral principles and management requirements. The brokers also boost their trades to practice reliable and safe trading. This means that the careful and fast trading practice of IQ Option is helping trades in being confident regarding their trading plan.
It is safe to say that most of the traders of IQ Option are actual and real. Interestingly, no country has more than 20% visitors; it means that IQ Option is trusted by traders worldwide. IQ Option has visitors in more than 250 countries.
As per authorizing conditions, customers get the chance to profit by the security of negative balances; thus, customers cannot lose more than their deposit amount. Like other financial systems, CySEC will keep a check on the activities of IQ Option . This ensures that trader funds are kept isolated from IQ Option operating funds.
It also guarantees that if the IQ Option platform fails or bankrupt, traders are repaid up to $20,000. However, if you have any problem with IQ Option, you have to contact to support team to check for the solution. IQ Option began as an options broker. Over the past four years, they have kept including different financial tools such as CFDs, Forex, Indices, Stocks, and Cryptocurrencies. Due to the focus on the trader’s requirement, this platform became popular worldwide and earned many awards.
Is IQ Option Safe?
IQ Option is a safe online trading platform and one of the successful binary options brokers in the online trading industry. It has more than 40,000,000 registered users. They are also regulated and licensed by the Seychelles Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC). All user funds are held in isolated accounts for additional security and protection. This platform is also a member of the Investors Compensation Scheme, which secures customers’ assets up to a limit of $20,000.
The main concern to verify whether the broker is safe to use is to check their regulations. This is the best way to avoid unregulated brokers who are related to many trading scams. These brokers are dangerous to use, as they are regulated and managed by a real authority.
Users must use a regulated forex broker. IQ Option is a regulated platform, and it is safe to use. Since this platform is regulated, they have to follow strict rules and regulations to protect and secure traders. For example, they must permit users to withdraw money whenever they want, and they must keep user’s accounts isolated from the company accounts. To conclude, IQ Option is regulated and licensed with multiple authorities, and it is safe to use.
Best Time to Trade IQ Option in Somalia
Users should trade when a significant market is open. Luckily, you can search for an ideal time to trade all the time. This means that your position does not affect your trade, and you can deal with trade schemes, typically with trading assets in steady market conditions.
Alternatively, with a framework that works on the market situation, you should shield the time. They are ideal for trades who need to trade with fatigue gaps and runway sections. For example, the perfect time to trade and utilize the financial structure system is 8:00 to 12:00 Eastern Times. Currently, it covers American business sectors and European business sectors.
Somewhat, the Eastern Times from 03:00 to 04:00, when it covers Tokyo and European business sectors, similarly provides ideal trading conditions when you are living. Follow this sort of scheme in the perfect market condition may recommend that you ought to get up in the middle of the night. Better outcomes will describe exertion.
IQ Option Robot
IQ Option Robots are a part of the famous IQ Option Brokerage Company that offers binary options services. It provides many trading features and an advanced trading environment. Traders can trades with IQ Option for just $10, which is the least deposit in the binary industry. In addition to offering manual trading services, IQ Option has built up its Binary software, which permits auto trading.
Traders are offered to select between two kinds of trading with IQ Option. The first kind is choosing a robot from an IQ Option Robot catalogue, where traders can choose robots made by other traders. The second option is to develop your own IQ Option Robot, adjusted according to your choice.
IQ Option Robots provides the following information:
- Additional Oscillators: CCI, ATR, RSI, MACHD, and Stochastic
- Indicators: accumulation/distribution, and awesome oscillator
- Trends: Bollinger bands, Envelope, Alligator, EMA, SMA, and SSMA
Unfortunately, IQ Option Robot is no longer available.