IQ Option Nigeria Review

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Overview

Last IQ Option review for Nigeria update: 24th April 2024 IQ Option in Nigeria IQ Option was founded in 2013. They are one of the most advanced and modern platforms… more

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Broker Details

Broker	IQ Option Nigeria
Website URL	www.iqoption.com
Founded	2013
Headquarters	Antigua and Barbuda
Support Number	please find on the official website
Support Types	Email , Phone , Tickets
Languages	English , French , Italian , Spanish , Portuguese , Turkish , Indonesian , Russian
Trading Platform	IQ Option Platform
Minimum 1st Deposit	$10
Minimum Account Size	$10
Minimum Trade Amount	$1
Promotions	Free $10,000 Demo Account
Payout	98%
Free Demo Account	Open Demo
Deposit Methods	CashU , Credit Cards , POLI , Skrill , Webmoney , Wire Transfer
Withdrawal Methods	CashU , POLI , Skrill , Webmoney , Wire transfer
Number of Assets	500
Type of Investments	Currencies , Indices , Commodities , Stocks , Cryptocurrencies , Digital/Binary Options
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	5.0

Pros

Best Investment Platform for Nigerians
Minimum Deposit of only $10
Minimum Trade of $1
Free Demo Account
Quick Withdrawals
Easy to Use Platform
Weekly Tournaments
High Returns

Cons

They don't accept clients from USA, Australia, Canada and Russia.

Full Review

Last IQ Option review for Nigeria update: 24th April 2024

IQ Option in Nigeria

Contents

IQ Option was founded in 2013. They are one of the most advanced and modern platforms for trading binary options in Nigeria developed by a group of leading analysts, professional traders and IT-specialists. You can trade a variety of assets – IQ Option platform supports both binary options and digital options in Nigeria as well. Trade during normal market hours or even 24/7, trade from anywhere – any PC with internet connection or IOS or Android mobile device. You can get a profit of up to 98% in just 60 seconds. Low minimum deposit amount ($10) and low minimum transaction ($1) make this binary option trading platform really attractive for anyone who is willing to try trading binary options in Nigeria.

As a provider of premium binary options trading services, IQ Option has gained considerable reputation over the past few years and currently considered to be one of the better choices when it comes to picking an regulated broker.

Unlike some of the binary options broker who often acts as a bucket shop, IQ Option’s business model is based on “pure exchange rule.” It means that each options order placed by traders are matched within the system and all orders are cleared inside IQ Option’s state of the art clearing house. This way, IQ Option only makes profit from commissions on the trades placed by their clients.

IQOption has won several awards since its inception and currently sponsors Formula 4 racing team AGI Racing.

Trading Platform

IQOption.com offers one of the most evolved binary options trading platforms in the industry. As a fully cloud based software platform, its customers can use their trading platform with a modern browser. Although trading with IQOption does not require downloading any third party software on the trader’s personal computer, they do offer an offline software download option for professional traders who need faster trade execution time.

We found that the integrated charting package offered by IQ Option meets all of the technical analysis needs as it included almost all of the technical indicator and charting tools any seasoned binary options trader would require, including, candlestick or line charts, a range of indicators, etc.

One of the best features of IQ Option is that they offer OTC trading, so you can trade the options market during the weekend! In fact, we ended up trading for a few minutes while researching for this review during a Sunday – and apparently made a profitable trade!

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IQ Option Mobile – Trading app

In addition to the cloud based trading platform, They also offers mobile apps that can be used by traders to place trades via their smart phones on the go.

IQ Option Mobile – Free Trading App

Assets Offered by IQ OPTION for Trading

IQ Options offer almost all of the popular Forex pairs, including, EUR/USD, USD/CAD, AUD/USD, EUR/NZD, EUR/AUD, AUD/JPY, EUR/CAD, EUR/RUB, GBP/CAD, GBP/USD, EUR/GBP, GBP/CHF, GBP/AUD, NZD/USD, CAD/CHF, CHF/JPY, USD/CHF, GBP/JPY, USD/JPY, USD/NOK, USD/RUB, and AUD/CAD.

Under equities, IQ Option offers a handful of popular company stocks in binary options trading, such as Apple, Facebook, Amazon, Alibaba, Google, and Tesla as well as a number of indices, including Bitcoin Index.

Binary options traders can also trade Gold price against the US Dollar under commodities section.

Types of Accounts

Besides offering a fully functional demo account, They only offers one type of binary options real account. Using the same account, binary options traders can trade numerous Forex currency pairs, a few select stocks and stock indices.

IQ Option mostly offers short term binary options for traders and the maximum time traders can pick an option seemed to be around 45 minutes. However, they only offer one type of options, call or put for all the timeframes.

Minimum Deposit Requirements, Offered Bonuses/Promotions

IQ Option has virtually no minimum deposit requirement and traders can start their account with only $10. IQ Option also imposes a maximum daily deposit limit of $1,000,000.

IQ Option is currently running a refer a friend program where users can earn up to 50% commissions from their referred friends to the broker.

Payout

IQ Option offers two fixed payout ratios, 88% payout for options expiring within 5 minutes and 67% payout for options expiring from 5 minutes to 45 minutes.

Trades can pick several timeframes from these two slabs and get an instant confirmation about the exact payout ratio the trade will offer in order to make an informed decision.

Deposit and Withdrawal Methods

IQOption offers several funding and withdrawal option for traders. Traders can choose to deposit funds using credit cards (Visa and MasterCard), WebMoney, POLi Internet Banking, Skrill, and Neteller, as well as wire transfer to IQ Option’s bank account.

During funding, IQ Option does not impose any additional fees to users while making any withdrawal. But, the payment processors and credit card companies may charge users at their end.

Customer support to Nigerian Investors

They offers several channels for providing customer support to Nigeria investors. You can reach their customer support desk at [email protected] and if you already have an account with them, you can directly call them at +44 2033187173. IQ Option is one of the handful of binary options brokers that offer 24/7 – around the clock – customer support over the phone.

IQ Option’s office is located at The Colony House, 41 Nevis Street, Saint John’s, Antigua and Barbuda

IQ Option Review: Summary

IQ Option is a great option for traders or investors in Nigeria who are looking to partner with a well-trusted binary options broker. Being a registered company based in Antigua and Barbuda and having over 50 million users, IQOption has found a way to enable traders to enjoy a seamless binary options trading experience

Customer Reviews on IQ Option

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About
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James Martin

I'm based in London ( England, UK )
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.