IQ Option Singapore Review 2020
IQ Option Singapore is one of the most popular Financial Trading Platform in Singapore. We will cover all aspects of trading with IQ Option in this IQ Option Singapore Review starting from its Trading Platform, Funding Methods, Fund Withdrawal Methods, Profitability and Pay Out, and Customer Service. The traders from Singapore may sign up for a Free Demo Account with $10,000 demo money and try all the features of IQ Option.
IQ Option Singapore
IQ OPTION Singapore is one of the best regulated binary options brokers. It offers excellent trading features to Singapore traders. The award-winning features of IQ Option are its advanced trading platform and useful educational materials. It has got the best in the industry customer service and a wide range of payment methods and same-day fund withdrawal for VIP clients. The trading platform provided by IQ Option comes with advanced indicators and analytic tools. You enjoy distraction-free trading while referring indicators and charts on the same trading platform while trading. Trade Binary option, Forex, and CFD on the same platform with IQ Option Singapore. The payout for a successful binary options trade is up to 91% * on a wide range of assets. You also enjoy ultra-thin spread on Forex and CFD trading.
Can I try IQ Option risk-free in Singapore?
Yes, you can. You can open a Free Demo Account which comes with $10,000 virtual money. Start learning and start trading with virtual money in a real market condition. Try different money management techniques, and risk management strategies. There is no obligation to open a live account or make a deposit while using the Demo Account. You may choose to open a Live Trading Account by funding your account. The Live Account allows you to make real profit or Loss. Select from over a dozen of reliable methods for depositing and withdrawing money such as MasterCard, Visa, WebMoney, etc.
Other support channels include Call Back from their account manager and Live Chat. You can open a Free Demo trading account to learn and practice Binary Options in Singapore.
Quick video guide on how to use IQ Option Platform
A quick look into IQ Option features - How to trade?
IQ Option Singapore Deposit and Withdrawal
Most of the Singapore traders ask about IQ Option Singapore Deposit methods to start trading with IQ Option. The fund deposit and withdrawal take place safely and securely in a highly secured network with IQ Option. E-Wallets deposit methods like Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto are available for traders who have problems with credit card deposit. The most preferred deposit methods by Singapore traders are Skrill and Neteller. When you face issues with credit or Debit card deposit methods, you can try Skrill or Neteller. Skrill is a UK based digital wallet with acceptance all over the world. You have to sign up with Skrill and fund your wallet from your credit card. Subsequently, you can fund your IQ Option account using the Skrill wallet. While withdrawing funds, you can withdraw first to your Skrill account, then from the Skrill account to your bank account. The fund withdrawals processing takes less than a day, and it makes IQ Option the outstanding broker among the competitors.
Fund Withdrawal from IQ Option account in Singapore
IQ Option process the fund withdrawal almost instantly for verified accounts. The traders can avail three fund withdrawals per month for free. Before requesting fund withdrawal from the account, the traders must verify their account by submitting a copy of their Identity and Address proof documents. IQ Option may also ask for proof of the financial transaction for verifying the account. The verification process is simple and usually processed in 1 to 2 business days, and it is a one time process. After successfully verifying the account, the trader can withdraw funds anytime they want.
However, the traders should keep in mind that the fund withdrawal up to the initial deposit amount must be withdrawn through the same channel as it was deposited. Ant additional profit withdrawal may be withdrawn through other preferred channels. The IQ Option Singapore fund withdrawal takes from few seconds to up to 2 business days depending upon the withdrawal process selected.
IQ Option Account Types
IQ Option Demo Account
The purpose of IQ Option Demo Account is to give new traders a chance to improve their trading and start trading. The traders from Singapore can open a Free demo trading account with $10,000 worth of virtual money. The traders can practice with this virtual money and learn in the live market without any real risk. They can switch to a real account and actual trading by depositing funds into their account. IQ Option Demo Account is a must-have for traders to test their trading strategies.
IQ Option Real Account
The traders can open a real trading account with IQ Option in a few minutes, and start trading. The minimum deposit for a standard account starts at $10. However, new traders should always have enough practice in a demo trading account to learn every aspect of the IQ Option trading platform and all the advanced features. The traders can switch between demo trading and real trading by clicking at the top right corner of their trading platform.
IQ Option VIP Account Account
The IQ Option VIP Account is available to Singapore traders who deposit more than $3,000 into their accounts. The VIP account entitles you additional payout on trades, a dedicated account manager, and quicker withdrawal processing of funds. Hence, if you are looking for a bigger investment, this account is suitable for you.
Binary Options – How to start?
IQ Option Binary Options trading – A quick guide
IQ Option Trading Platform
You get access to the award-winning ultimate trading platform with IQ Option. The traders can view multiple charts, use built-in indicators and analysis tools for technical analysis, and view historical quotes on the trading platform. Your favorite combination of indicators and tools can be saved as a template and can be accessed anytime while trading. If you are trading on the go, the same platform is available on the device of your choice.
The trading platform is full of advanced features, yet the interface is easy to use and understand. The traders can trade Forex and digital Options at lightning-fast speed on the platform.
The single trading platform provides FOREX, DIGITAL OPTIONS, STOCKS, CRYPTO, COMMODITIES, and ETF CFD trading. The traders have to select Forex, Cryptos, or Options and proceed to trade. Binary Options trading on select assets now offers up to 100% payout for successful trades.
While trading Forex and CFD, the traders can adjust the multiplier (leverage) up to 500. The multipliers for Forex is up to 500, Stocks – up to 30, and Crypto – up to 50. The flexible multiplier up to x500 can increase your profit potential as well as risk.
IQ OPTION PLATFORM CHARTING TOOLS
Chart Type – There are four types of charts are available – Line Chart, Candles, Bars, and Heikin-Ashi.
Time Interval – The chart time frame can be from 5 seconds to a 1-day interval.
Graphical Tools – Graphical tools like Lines, Trend Lines, Horizontal lines, Vertical Lines, Fibonacci Lines are available.
Indicators – Several useful indicators and Oscillators like – Trend Indicators (23+), Momentum Indicators (32+), Volatility Indicator (13+), Moving Averages (6+), and Volume indicators (4+) and several other indicators are available.
Is IQ Option legal in Singapore?
It is legal to trade with IQ Option in Singapore. All the traders who have this question in mind, “Is IQ option legal in Singapore?” can rest assured. IQ Option is an international online financial trading provider, and it is recognized as an authentic Forex and Binary Options Broker in Singapore. There are millions of traders using the IQ Option trading platform to trade Forex, Options, and CFDs on several assets in the financial markets.
IQ option complies with European regulators and is trusted all over the world. Hence traders from Singapore trust IQ Option for their binary options trading requirements. You can always consult a legal adviser if you have any doubt about “Is IQ Option legal in Singapore ?”, they are in a better position to advise you.
Digital Options Trading – IQ Option
The digital options trading is a new trading tool devised by IQ Option. It combines the benefits of both classic and binary options trading. The profitability and the risks involved in digital options depend on a manually chosen strike price. It is the distinctive feature of Digital Options. The profitability can go up to 900% in 5 minutes in case of a successful trade on Digital options, which is one of the highest in the Industry.
Pros and Cons:
- Advanced trading platform with Binary, Forex, CFD, Stocks, and Commodity.
- Speedy withdrawal processing compared to other brokers.
- Free Demo account for Singapore Binary Options traders.
- A minimum deposit starts at 10$.
- Excellent customer support.
- Forex trading and CFD trading with negative balance protection.
- Doesn’t have an MT4 or MT5 trading platform.
- Does not support auto trading with Expert Advisors.
Although IQ Option doesn’t offer to trade on MT4 or MT5, traders don’t feel any difference. It is because of the built-in customizable indicators that help the traders take favorable trading decisions. While trading Forex and CFD on various assets, you can choose a flexible multiplier for your trade. The IQ Option Forex and CFD platform offer several assets to trade, which include Global Stocks, Indices, Commodities, and Cryptocurrencies.
IQ Option Contact in Singapore
Does IQ Option have a Singapore Office?
Unfortunately, IQ Option does not have a dedicated IQ Option Singapore office. Not having an IQ Option Office in Singapore does not limit its services to Singapore traders. They provide 24 hours support online through multiple channels. You can email to their support team by email (firstname.lastname@example.org), Live Chat, and by requesting a call back from the account manager. If you are looking for a local IQ Option contact in Singapore, they have the local telephone number for this purpose. These are the two dedicated IQ Option Singapore contact: +65 3163 7458, Singapore, and 800 321 1244 (Toll-free English line).
IQ Option has registered itself as a financial trading company in St. Vincent and Grenadines. The details of the registration are – IQOPTION LTD, Registration No. 24840 IBC 2018, located at Hinds Building, Kingstown, St. Vincent and Grenadines.
IQ Option Singapore Review – Conclusion
We come to the following conclusion while doing IQ Option Singapore Review. IQ OPTION is one of the leading brokers offering binary options, Forex and CFD trading on its advanced trading platform. It has earned a prestigious position among the financial trading brokers with its transparent trade execution and reliable customer service. After considering several factors like safety and security of funds, trading platform features, assets availability, and profitability, we conclude that IQ Option Singapore is one of the trustworthy Binary Options and Forex Broker in Singapore.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK.
General Risk Warning:
The financial products discussed here carry a high level of risk and can result in the loss of all your capital. You should not invest any money that you cannot afford to lose.