Table of Contents:
- 1 IQ Option Malaysia – Is it legal or not
- 1.1 IQ Option Awards
- 1.2 IQ Options review Malaysia
IQ Option Malaysia – Is it legal or not
IQ Option Malaysia is a standard binary option broker. There are many ways to profit from global financial markets – currencies, stocks, commodities, ETFs, cryptocurrencies, and indices. But as average retail traders, we can’t really have access to most of them. For instance, purchasing gold – in reasonable quantities – is quite expensive. As a retail trader, it is almost impossible to purchase crude oil and even if you do, there will be the storage problem.
Does that mean we can’t participate and profit from the markets? Definitely, no. Why? Technology advances are making it possible for us to speculate on the price movements of these financial assets without actually owning them. One of those technological innovations is binary options trading. Trading binary options simply entails betting on the direction of prices of financial assets such as currencies, commodities and stocks, amongst others. For this, you get a fixed payout when your “bet” goes right, and you lose a fixed amount as well if it goes the other way.
To, however, be able to trade binary options, you need a broker. Although there are several brokers that offer binary options trading, the importance of going for one which is credible and trusted cannot be over-stated; and one of such is IQ Option. Present across at least 4 continents, IQ Option is one of the most recognised names in the binary options brokerage industry, boasting about 6 million active traders on its platform.
Although IQ Option has its physical headquarter offices located in Cyprus, it has a number of outlets spread and scattered all over the globe. As a recognized broker, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and also registered with the European Services and Markets Authority (ESMA). It was established in 2013 and started out as a binary option broker but later added other markets like Stocks, Forex, ETFs, Commodities, and Cryptocurrencies.
IQ Option has attracted a lot of traders since its founding. Over $380 million trade volume is processed monthly with more than $10m monthly withdrawals. IQ Option has received countless positive reviews from its customers. The awards gotten from several reputable and trusted bodies are a thing to definitely bank on if you are not yet sure whether to subscribe with this broker or not.
IQ Option Awards
As a testament to the quality of its services, IQ Option has bagged numerous industry awards from reputable institutions, some of which are the Best Binary Options Broker Europe award by the prestigious Global Banking and Finance Review; Fast Growing Binary Options Brand by Global Brands Magazine and Most Innovative Binary Options Broker by ShowFX World, amongst many others.
IQ Option Markets
The instruments traded in IQ option include the following: Cryptocurrencies; Stocks; Forex; Options (Binary Options & Digital Options); and ETFs (Exchange Traded Funds). For cryptocurrencies, there are 28 cryptos traded in Cryptocurrency CFD on IQ Options, including; Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Stellar (XLM), Ripple (XRP), Bitcoin Gold (BTG), Litecoin (LTC) and Dash (DASH), amongst others.
For Currencies, there are currently 49 trading pairs on IQ Options. The major pairs include: EUR/USD, USD/JPY, AUD/USD, GBP/USD, AUD/JPY, EUR/JPY, USD/CAD and GBP/JPY, amongst many others. Then there is a newly-introduced product called FX Options. Available in EU regulated markets, they offer fixed risk investments, similar to binary options. There is a set expiry for each FX option and the potential payout is dependant on the underlying asset price.
So, where a trader believes a strong price move is imminent, payouts reach 2000% and more. Also, there is a $30 minimum trade placed on FX options, but they can be sold at any time up until the expiry time. So, if a trader has brought either a call or a put, both can be sold prior to the expiry time to either lock in profits or cut losses.
Finally, we have Options. There are two types of option in this trading platform; binary option and digital options and over 72 assets to choose from.
This is the most popular type of option as well as what IQ option was known for at its inception. You can profit up to 95% for payout in as little as 60 seconds if the trade goes your way. But lose all if it goes otherwise.
To trade binary options, you are required to put up at least $1 per trade.
This is an option that speculates on the extent of price change of cryptocurrencies, indices, commodities, and stocks. Profit could be as high as 900%. The risk is also very high and could lead to the loss of your funds in a flash.
IQ Options review Malaysia
IQ Option Account Types
Just like most binary options brokers, with IQ Option, you also have a variety of account types to choose from. Normally, there is the Demo Account which you get for free when you undergo the registration. The IQ Options demo account is given when you open an account.
Then, there is the Live Account. This is the account where you have to commit your actual capital. However, when signing up to use the Live Account, there are multiple options that are available to you. There is the Real account and the VIP account. Each comes with its own perks. You may be wondering why there are different types.
Although it is not officially named so, the “Real” account is the basic live account that you get to open with IQ Option. The minimum deposit required to get started here is $10 and the minimum you can commit for each trade you open with this account is $1. It is recommended that you go for this type of account if you are just getting started with binary options trading in general and IQ Option in particular.
Perks that come with this live account include access to weekly trading tournaments where traders can win bonuses from IQ Option (however, they are only available to traders outside the EU). You also have access to 24/7 customer support.
To clinch this account type, you need at least a deposit of $1900 into your trading account. Apart from those listed in the “Real” account, benefits that come with a VIP account include access to personal account managers, personal sessions with experts from IQ Option as well as extra educational resources.
However, due to ESMA regulations, the VIP account is only open to traders outside the European Union and North America. As such, as a trader in Malaysia, you can easily get to do the registration yourself.
IQ Option Trading Platform
You can access IQ Option’s trading platform through the web (on PC) and via mobile applications. IQ Option’s mobile apps are one of the best in the industry, as shown in the number of awards that IQ Option has clinched for it. IQ Option has clinched the Most Innovative Binary Options Platform by the IFM Awards; the Best Technology Application by the Web Marketing Association, and The Intelligent Trading app for Binary Options by the Mobile Star Awards.
IQ Option reports that over 295,000 trades are conducted daily on its mobile platforms, and it currently has over 6 million users. The mobile apps are available for Android (and downloadable on the Google Play Store) as well as iOS devices (accessible on the App Store). With the IQ Option’s mobile application, you have access to features such as charts, market news, customer service features as well as educational materials including videos.
IQ Options Malaysia Demo
One of the most important features of any good binary options broker is providing its traders with a demo trading account. IQ Option in Malaysia – keeping to its standard as a trustworthy broker – provides its traders with a binary options demo trading account. The importance of a demo account to a trader’s trading journey cannot be overemphasized.
A demo account is a type of trading account with virtual money. This account is provided by a broker to traders using its platform. With a demo account, you can make trades and do almost every other thing that you do when using a live trading account. However, you cannot withdraw the fund or whatever profits you make with the account. Nevertheless as you will see, a trading demo account is a must-have.
IQ Option Malaysia provides traders that do business with it with an automatic $10,000 demo account when they sign up. The good thing about the demo account provided by IQ Option is that it can be replenished. That is, if you deplete the account to any amount, and wish to start again, you can just go to the refill settings in your IQ Option trading platform either on PC or mobile, and your demo account will be back to $10,000.
IQ Option deposit and withdrawal in Malaysia
The channels through which you make deposits include the following:
- Visa/Master Card (Debit or Credit card)
The minimum amount that can be deposited at once is $10.
Before talking about withdrawal, you have to note that the channel through which you deposit into your IQ Option binary options trading account is also the same channel through which you will withdraw your profits when the time comes. There are no minimum Withdrawal limits.
Conclusion on IQ Option in Malaysia
When trading binary options, it is quite important to trade with a broker that has a lot of credibility. This is so because you want to avert fraud. IQ Option is that broker.