The uniqueness of the Indian broker IQ Option is that it is one of the few brokers who have created an authoritative platform for binary options (understandable to beginners) and added to it the functionality for classic Forex. In other words, their browser platform is based on up/down technology and adds the ability to open trades based on classic MT4.
Trading platform IQ Option Pakistan
This largest international broker started its activity in 2013 and in a short period of time has become one of the leaders among the companies providing services in the CIS countries and all over the world. Today, it is one of the most popular platforms for making money through trading, which provides clients with access to the forex markets, cryptocurrency, binary options, CFD, etc. Due to the invariably high quality of service, profitable terms of cooperation and the professionalism of technical support managers the number of clients all over the world is only growing today.
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It allows you to choose from more than 500+ assets, including currency pairs, major international stock indices, stocks of some companies and precious metals. Such a set covers most of the possible asset classes and gives the trader a wide range of opportunities for choosing the strategy that meets his or her personal preferences in risk and profitability level. However it is hoped that in the future the company will increase the choice, as at the moment the number of assets is considerably lower than the offers of other large brokers.
A few figures about them that may be of interest to traders:
- More than 48 million registered users worldwide;
- More than 1.3 million transactions per day;
- More than $20 mln. Monthly payments of $ 20 mln;
- More than 400 assets, including cryptocurrencies;
Their mission is the constant improvement of the functionality of the platform, optimization of the process of processing of orders and the speed of their execution. Liquidity providers of the broker guarantee the execution of orders at a speed of up to 50 ms, in binary options the orders are executed according to the DD (Dealing Desk) scheme.
Is binary trading legal in Pakistan
IQ Option Pakistan can be called a “broad-based” broker that has made convenient trading available to many market participants. Experienced traders will be pleased with the set of tools for working with price charts and the availability of mobile applications, but the available set of underlying assets may partly limit the choice of strategy. Beginners without any experience will benefit the most from the conditions here, thanks to the low minimum deposit, the availability of a full demo account (which is not common among others), a clear and flexible trading platform, educational materials and also this company is legal in Pakistan.
Is IQ Option legal in Pakistan?
Regulation and security of customer funds are very important in online trading. There are many scam companies online who want to steal clients’ money. If you choose a CFD broker you should always research for official regulation.
This variant is a fully regulated and licensed online broker in Europe that accepts international traders. It is legal in Pakistan and regulated by CySEC (Cyprus) with license number 247/14. The company is also registered in various countries for financial transactions. Then it uses European banks and segregated client funds. So, with the Intellect, fraud can be ruled out. From our experience, it is 100% safe to invest money on the platform.
They not only comply with all requirements of the regulatory institutions, but also take additional measures in order to ensure the security of financial information and personal data of its customers. For instance, all data transferred between users’ computers and their servers is encrypted using SSL technology. This prevents unauthorized access to your account.
Special attention is paid to the customer support (24/7), it is available in different languages and is improving every day, which makes cooperation with the company more comfortable and allows to consider this company an ideal broker for a user.
Strengths and weaknesses of IQ Option Pakistan:
|The platform is visually convenient and intuitive for n||Inconsistency of the platform quotations with the real market quotations|
|One of the highest remuneration levels||There are delays with the withdrawal of money|
Working with the company is profitable, because it provides numerous traders with the opportunity to earn income by trading in the forex, cryptocurrency, options, CFD markets. Particular attention is paid here to following modern trends in trading: the trading terminal, which is one of the best such solutions on the market, is updated, convenient mobile applications, secure cryptocurrency wallet, etc. are available.
This company allows you to choose from more than 500+ assets, including currency pairs, major international stock indices, stocks of some companies and precious metals. Such a set covers most of the possible asset classes and gives the trader a wide range of opportunities for choosing the strategy that meets his or her personal preferences in risk and profitability level. However it is hoped that in the future the company will increase the choice, as at the moment the number of assets is considerably lower than the offers of other large binary options brokers.
People are presented with binary options over 70 types of currency and stock markets:
- 22 currency pairs.
- 6 stock indices.
- 49 stocks.
Broker has several serious licenses, which also makes working with it safe and secure for users around the world. The company does not stand still, is constantly developing, provides customers with new opportunities: it is, for example, earning money from investments in one of the popular assets – cryptocurrency, etc. One of its innovations in binary trading is Digital Options. This is a very interesting tool with the ability to work with several strike prices with different payout percentages (can reach up to 900%) and the method of early sale of the deal, which will allow the client of the company to get a decent income.
Deposit and withdrawal IQ Option Pakistan
How to withdraw earned money from them?
A good indication of the reliability is that the amount you can withdraw from the platform is not limited by any limit. There are brokers on the market that will not allow you to withdraw all of your profits if they are substantial. This fact can bring a lot of hassle and anxiety to the trader. IQ Option Pakistan not only does not hinder withdrawals of any size from the deposit, but also processes withdrawal requests quickly, allowing guys to get their money as quickly as possible. Payouts come to the client’s card within 3 business days.
Withdrawal of profits from the account can be made by any of the methods specified above for depositing funds. To initialize the process, you need to make an application for withdrawal from your personal cabinet, specifying valid personal data and the desired withdrawal method. The application is processed within 3 working days, during which the company may ask for additional documents in order to increase the security of the transaction, including a scanned copy of the personal identification document. The status of the submitted withdrawal request can be monitored in real time from your personal cabinet: once the request is processed, its status will change from “request” to “in progress” (with funds deducted from the personal account balance), and when funds are transferred to the client’s declared payment system, the request will change its status to “processed”. We hope we were able to answer the question of how to withdraw earned money.
- It does not impose any restrictions on the number of withdrawal requests.
- There are several methods of deposit and withdrawal: WebMoney, Neteller, Skrill, QIWI, Perfect Money, AdvCash, Visa, Mastercard.
- When withdrawing to Visa and Mastercard transfer of funds is instant. If withdrawing to other systems, requests may take 1 to 3 days.
- EUR, USD, GBP are the currencies for withdrawal and top-up.
- The minimum withdrawal amount is 2 EUR/USD/GBP.
- Commission for withdrawal – 2% (1 withdrawal request per month is free).
IQ Option Pakistan account types
Forex account, is a account opened with one of such companies as IQ Option, which is mainly intended for currency trading.
Typically, the number and type of accounts that a person can open at a brokerage company varies depending on the country in which the brokerage company operates, the country of residence of the user and the regulatory authorities under whose jurisdiction the broker operates.
It offers only three types of accounts – Standard account, VIP account and Demo account.
They do everything to make cooperation with a user comfortable. As every modern brokerage company, it gives an opportunity to work on a free refillable demo account – a simulator of the real market, no different from the real account. The only peculiarity – the client change with virtual money, the broker gives him $10000 for that.
Here you can explore the functions of the platform, test the work of indicators, strategies, and try to make bets. Of course, one of the important advantages of a demo account is that it is a trust factor for the trader in relation to the broker. Besides, such a demo account helps a user to feel more confident, to conquer fears of losing deposit, etc. This is a powerful tool, which allows, if approached wisely, work more effectively on a real account. In order to use the IQ Option Pakistan demo account, it is necessary to get a quick registration on the broker’s website.
You can instantly turn any demo account into a real account by making a deposit, in which case the virtual amount will be zeroed, and the account balance will be equal to the deposited amount. To open a real account, click on the green button with the corresponding inscription in the upper right corner of the broker’s homepage, or click on the same area in the upper right corner of the demo account. The process consists of two steps – creation of an account (skipped if you already have a demo account) and depositing funds into the account. It is worth noting that the first step can be done not only through the standard registration form, but also using personal profiles, such as Facebook. Deposits can be made via bank cards (Visa, MasterCard) or popular electronic payment systems.
There are two conditions to gain access to a VIP account. These two conditions are as follows: people who have made a deposit of $1,900 or the equivalent in other currencies, or clients who have a volume of $15,000. The VIP account consists of Real account features and personalized features; the personalized features they provide are a personal manager, always ready to go, and a monthly report of the trader’s records.
Pros and cons a VIP Account:
|Personalized features available||Does not have access to major platforms|
|Monthly report to track records||Requires a high minimum deposit of $1,900|
|Suitable for people with experience or high volume|