- Good offers for high-risk instruments: up to 95% for binary and 900% for digital options.
- A custom trading platform where you can do all your trading right from the chart.
- Deposits and withdrawals with mPesa and other payment systems.
- Free mobile app and extra mobile solutions to facilitate binary options trading Nigeria
- Demo account with replenishable $10,000
- Trader tournaments where you can win extra cash while competing with other IQ Option traders.
IQ Option is an international broker with a 48-million community and many interesting instruments to trade.
But does it work for Nigeria?
For example, many people are wondering if it has legal permission to provide its services in Nigeria. People are also asking if IQ Options Nigeria has mPesa and other payment options for withdrawals that are common in the country.
Here are just some of the specific features and benefits of the IQ Option platform that every trader from Nigeria should want to know
– what IQ Option’s minimum deposit in Nigeria is
– what withdrawal options are available for Nigeria
– how safe IQ Options Nigeria is to work with and why
– why their demo account is good for new traders
– how to contact the broker from Nigeria if something goes wrong and more.
IQ Option Review Nigeria: Top 6 Perks
IQ Option is an industry-leading broker popular in Africa, Asia, Europe, and the Middle East. The company provides tools for trading forex pairs, binary and digital options, cryptocurrencies, commodities, ETFs, indices, and stocks.
Here are IQ Option in Nigeria’s most valuable perks:
IQ Option Trading Platform
As mentioned earlier, IQ Options Nigeria stands out thanks to its industry-unique trading platform. It was made from zero with a goal: to make the simplest and most uncluttered trading interface. Here are its main perks:
- It’s possible to make all the presets within the same screen — no need to switch between windows and tabs;
- You can trade right from the chart;
- The platform works on Windows, macOS, web, and mobile;
- Complete track record of your performance;
- Available in 17 languages;
- In-built indicators, graphical tools, news, and many more;
Let’s take a closer look.
You can register at IQ Option in Nigeria for free in the upper right corner of the website. Fill in your personal details, check the Terms and conditions box, and click on the “Open an account for free” button. After that, hit the verification link sent to your email address or phone, and go back to the website to log in.
Once you’re logged in, you’ll get to the Traderoom. The platform is designed the way users could perform all the trading actions there, with all the necessary instruments at hand.
- Assets panel. Here, you can see the tabs with all the ongoing trades and add the new ones from the dropdown menu.
- Order settings. Here, you can specify the investment amount, configure the risk management settings, and make trading decisions.
- User panel. In this section, you can find your full portfolio and trading history, check out market news, get help, etc.
- Technical analysis tools. Apply indicators and widgets, configure charts type, and add graphical tools.
You can run up to 9 charts simultaneously, which is very convenient. There are several types of charts available: line, candles, bars, or Heikin-ashi. Whenever you apply an indicator, widget, or specific lines for technical analysis, they’d be displayed right on the chart.
Indicators for chart analysis
There are hundreds of indicators grouped into categories: momentum, trend, volatility, moving averages, volume, popular, and others. You are free to add as many as you want and save the most frequently-used as templates.
IQ Option Widgets help you see important trading events in real-time right on the chart. IQ Option platform offers widgets like traders’ sentiment, high and low values, trades of other people, news, and volume. Find them in the Indicators tab, choose ones to your liking, and they will be seamlessly integrated into your charts.
Thanks to the in-built market analysis tools, you don’t need to check for multiple side sources. That includes technical analysis, historical quotes, market updates, news, stock screeners, and several types of calendars — the choice is yours.
You can track all your open and pending positions and see the track record of your trading performance and balance history.
Best time to trade IQ Options in Nigeria is anytime except for weekends! If you are interested in being there by the time New York stock exchange opens, start at 14:30 — Nigeria is 5 hours ahead of New York, and the NY exchange opens at 9:30. If you trade USD/JPY, you want to be online when the Asian markets are active — that’s between 10 p.m. and 8 a.m. GMT or 11 p.m.-9 a.m. for Nigeria.
IQ Option Minimum Deposit In Nigeria
The minimum deposit in Nigeria starts from $10 (₦3,900 or equivalent to your account currency). The minimum investment amount starts from $1. Traders from Nigeria can get an account in USD, EUR, or GDP. It’s a typical situation for new traders who chose to work with an international broker: you’ve made some profit, but you can’t withdraw it because the broker doesn’t accept the payment system that you like. IQ Option accepts payments with AdvCash, VISA, Mastercard, Neteller, mPesa, Skrill, WebMoney, and Perfect Money.
You can make deposits in any currency — the money will be converted to your account currency automatically.
IQ Option Demo
When you register at the IQ Options Nigeria’s platform, you become both the real and the demo account holder by default. With a demo account, you can learn the platform’s logic, get used to the interface, and test different trading strategies before you invest real money.
The IQ Option in Nigeria Practice account comes with $10,000 of virtual coins — you will never run out of this money because it’s possible to replenish it anytime. IQ Options Nigeria’s demo account doesn’t expire, so you can practice for as long as you need.
With the IQ Option in Nigeria Real account, you can trade binary and digital options, Forex pairs, cryptos, stocks, commodities, and indices in the real market. You don’t need to verify your account to deposit and trade, but you need to do that to withdraw profit.
IQ Option Withdrawal Nigeria
These payment systems work for withdrawals, too. The only thing you need to know is that you need to verify your account to withdraw money. To do that, you need to:
- Verify your identity (send a photo of your passport or ID)
- Verify your address (send some document proving that you live where you live)
- Verify your payment method (take a photo of both sides of your card)
Usually, withdrawal requests are processed very quickly. IQ Option doesn’t charge commissions for withdrawals.
IQ Option Mobile Trading
IQ Option in Nigeria mobile trading app you can download in App Store and Google Play for free. It’s a compact version of the trading platform with the same functionality — you can use it to trade Forex, stocks, commodities, indices, digital options, and cryptos. If you are rather interested in trading binary options, there are two alternative mobile solutions: APK mobile app and PWA app.
What is IqOptions’ APK (Android Package Kit)?
The point is app stores’ policies don’t favour binary trading Nigeria, which means you can’t trade options with a standard app.
How is the APK app different from the regular app, and why is it possible to trade binary options with it? The trick is APK is an app that you download right from the company, without visiting the app store. It’s an installation file similar to the .exe files on the computer. All you need to do is download it from the IQ option website and install it on your Android device. After that, you can trade binary options Nigeria or any other assets of choice from the comfort of your smartphone or tablet.
How does IQ’s PWA (Progressive Web App) work?
IQ Options Nigeria’s PWA app does the same thing for iOS devices: it’s a web app that looks and acts like a normal app. You can install the PWA by clicking the “Add to home screen” button in any browser on your iOS or Android device.
IQ Option Tournaments
IQ Option tournaments are contests between traders where anyone can win a withdrawable money prize. The average prize fund is $10,000-50,000, but sometimes they are as big as $200,000. The prize fund is distributed among the first 9-30 winners, so the odds are high. There are free and paid tournaments. Prize funds are higher in the paid tournaments, the entry fee is usually around $2-20. Check out the ongoing tournaments in the Tournaments section of the website.
What Is The IQ Option Robot?
Many traders are wondering if IQ Options Nigeria has a trading robot. For those who don’t know what robot is — it’s a bot that’s pre-set to generate trading signals and make automated decisions. IQ Options Nigeria’s bot used to exist some time ago, but it’s no longer available.
Anyways, auto-trading is never as efficient as human trading. Why? Because a machine can’t be creative and doesn’t have intuition. In some situations, even the Binary Options Robot Nigeria just can’t interpret the market situation correctly. Instead, check out the IQ Option tutorials and train your brain to be as good as the machine – or even better.
IQ Option Complaints
If you have a complaint, contact the broker’s support team in the online chat. They usually reply in 40 seconds. Here, you can ask IQ Option all your questions in your mother tongue.
Another way to contact IQ Option from Nigeria is to email your question at supp[email protected]. The average email response time is 14 minutes.
Is IQ Option Scam Or Legit In Nigeria?
The broker has 48 million traders in different countries, good reviews, and 17 international awards. The services are available in 17 languages, and you can always ask for support in your native tongue if you have a problem.
IQ Option works with many African countries, including Nigeria and we did not receive any complaints about IQ Option scam. Anyone can visit the official website or download the app and register a free account. Note that trading requires a stable internet connection: WiFi or a mobile network — at least 3G or 4G. If your computer is slow, clear the cookies and temporary files in your browser.
IQ Option is operated by IQ Option Ltd. registered at St. Vincent and the Grenadines. This international license facilitates legal trading in different countries, and Nigeria is not an exception. It means that you are protected by international law whenever you log in to the IQ Option account.
Is IQ Option Safe?
IQ Options Nigeria has the reputation of a safe and reliable broker. It works globally since 2013, has a 48-million client base, and uses top-notch encryption methods to protect traders’ personal data.
The company has a license, which means your money is protected by international law. On top of that, the broker stores traders’ money in segregated accounts in European banks — it protects traders’ money from unauthorized use. You should definitely trade with the trusted brokers and stay away from scams like Bitcoin Revolution App Nigeria.
Disclaimer: trading always involves risks, no matter how careful you are. This is part of the process, so you need to be very cautious about risk management. Only invest reasonable amounts that you can afford, learn technical and fundamental analysis, and practice on the demo account until you’re ready to go to the real market.