Is IQ Option in Mexico legal or not? – Guide

Do you want to trade with IQ Option in Mexico? Is it legal there or not? – It definitely is legal in Mexico. We did detailed research and there are no restrictions or bans. IQ Option is a legal business from Europe with millions of clients. Mexican traders are accepted and receive personal support. In this article, we want to show you what you can expect from the IQ Option broker and how to use it.

IQ Option trading platform in Mexico

IQ Option trading platform in Mexico

Mexican traders can invest with IQ Option into more than 500 markets. CFDs, Forex, Options, and cryptocurrencies are offered to trade. Since 2013 the company is active. The platform is available in more than 30 languages and also for Mexican traders.

  • IQ Option is a legal business in Mexico
  • Mexican traders accepted
  • The broker is based in Europe
  • Secure and regulated trading platform

(Risk Warning: Your capital can be at risk)

Introduction to IQ Option Mexico:

IQ Option Mexico is worth knowing about. First, trading binary options represent one of the most profitable ways to make money on the internet. This is primarily one of the reasons why it has grown in popularity over the years. Binary options may be seen as a derivative instrument that allows you to speculate on the probable movements of the prices of financial assets.

It allows you to “bet” or “stake” (after making careful analyses) on the direction of movement of assets such as stocks, cryptocurrencies, commodities, and of course, forex. In this case, you are not really interested in the actual assets in themselves, but in the directions, their prices will most likely move. If the price will go in the upward direction, you go for a “Buy,” and if you believe the price will go downwards, then you enter a “Sell” trade. All these and more can be done over the internet.

However, to be able to trade binary options, you need to get registered with a binary options broker who will then give you access to its platform from which you will be trading. There are a lot of brokers out there, and amongst them, we have many scams and phonies as well. This highlights the need for you to go for credible and reliable brokers. You know credible brokers by the features they possess.

One of such is that they are recognized in the industry and possess commendable track records. This is because they have been in the industry for some time and have already made names for themselves. Also, they are registered with notable regulatory authorities. There are a few brokers that meet these criteria. But one that features these and more is IQ Option.

What’s behind the broker?

IQ Option is an international binary options broker that provides excellent brokerage services to binary traders in most countries of the world. It currently boasts over 50 million traders across Asia, Africa, Europe, and Latin America. Headquartered in Cyprus, it is registered with and regulated by the Cyprus Securities and Exchange Commission (CySEC).

IQ Option is CySEC regulated

IQ Option is CySEC regulated

IQ Option is an award-winning broker having bagged multiple accolades and recognition for providing stellar services to traders who make use of its platform to trade binary options. This includes the Award of Excellence by the Communicator Awards in 2017.

IQ Option is accepted in Mexico

The services of IQ Option are available all over the world, except in certain countries such as the USA, Japan, Israel, Canada, Russia, and a few others. Usually, the reason why IQ Option is not allowed in some of these countries is that binary options trading as a whole is banned in them. Since the Mexican government has not placed a ban on binary options, then IQ Option is much available in Mexico. Hence, as a binary options trader in Mexico, you can enjoy the services of IQ Option.

Mexican regulation

IQ Option globally is well regulated. As mentioned earlier, it is registered with CySEC. CySEC is a popular and well-respected regulator of derivatives brokers. However, IQ Option is not directly registered with or regulated by any Mexican government financial regulatory agency such as the National Banking and Securities Commission.

This is not something to worry about actually, as the broker has been certified to be a credible broker.

What markets can Mexican traders trade on IQ Option?

IQ Option Mexico allows you to trade in the direction of prices of assets listed on major financial markets in the world using binary options. With IQ Option, you can trade diverse markets. They include:

  • Currencies/forex (49 pairs)
  • Commodities
  • Indices
  • ETFs
  • Cryptocurrencies

(Risk Warning: Your capital can be at risk)

Trader status program on IQ Option Mexico

IQ Option provides traders with different types of accounts. There is a demo account that is freely available for everyone when you sign up with IQ Option Mexico. It comes with a $10,000 pre-funded virtual currency. You can use this to make trades and practice trading the markets with binary options. You cannot, however, withdraw the capital or whatever profit you make therefrom.

However, if you wish to open a live account with IQ Option in Mexico, there are 3 types of accounts available for you to choose from. These account types are somewhat in “levels.” The level or category you belong to is entirely based on the amount of capital you deposit into your trading account with IQ Option Mexico. Each of the levels comes with its own perks. The higher the deposit, the more the perks. Below is a summary of all available account types:

IQ Option account types in Mexico

IQ Option account types in Mexico

Starter Status Account

The Starter Status account is the most basic type of account and becomes available when you deposit the minimum allowable balance of $10. When you have a winning trade, the highest payout percentage you can get is 82%.

Advanced Status Account

Here, you need to deposit a minimum of $500 and a maximum of $1,999 to have access to the advanced status account. The benefits that are attached to this status include an increase in the payout rate for successful trades to 84%. You can now open up to 20 trade positions at the same time. There is also access to consultation with a personal analyst, once every month, and access to webinars and educational resources.

Expert Status (VIP)

To be a part of this, you need a deposit of at least $2,000. The benefits that you get when you open this account include the increase of payout rate on winning trades to 92% and the ability to open up to 30 positions. Furthermore, you can have regular one-on-one training with a dedicated personal analyst. You also have access to daily exclusive trading ideas or signals, amongst others.

IQ Option Mexico Services

As you will agree, IQ Option Mexico is a quality broker. The evidence of this is seen in the number of excellent services that it provides to traders that trade with its platform. For most of these services, you don’t readily get them with many other binary options brokers. They include:

  •  24/7 Customer Service: When you trade with IQ Option, you have access to its customer service professionals at every time during a particular day. What is more interesting is that you can access customer care via multiple channels. One of such is via its direct chat platform – available on both its website and the mobile app. Also, you can reach the customer service via email as well as via phone call.
  •  Multiple Languages: Staying true to its global status, IQ Option is available in multiple languages. At least, its platform boasts of being available in 13 major languages, including English and Spanish. So no matter where you come from in the world, you can use IQ Option.
  • Bonuses: With IQ Option, you have access to bonuses that are added to your live trading account. IQ Option provides you with bonuses so as to boost your capital so that you can enter more trades and make more money.

Deposit & withdrawal in Mexico

The minimum amount allowed for deposit into your IQ Option Mexico account is $10. Deposit channels into IQ Option Mexico include:

  • Bank cards (credit/debit)
  • Local bank transfers
  • Depositing via e-wallets like FasaPay, GlobePay, Neteller, Skrill, Webmoney, amongst others,
  • Bitcoin

All the above are also the channels through which you can withdraw your profits. There are no limits on withdrawal.

Conclusion on IQ Option Mexico – Legal and professional trading platform

For a seamless binary options trading business, you need a stress-free, organized, and tested broker. IQ Option Mexico is one of such trusted brokers in the binary options space. The company is fully legal in Mexico. It is a secure and safe broker that is operating from Europe. Mexican traders will get personal support and good trading conditions.

 

(Risk Warning: Your capital can be at risk)