IQ Option UAE Review
IQ Option UAE is one of the best Binary Options Brokers in the industry. It has superseded all other Binary Options brokers in the industry with its high-standard services since it started its business in 2013. It is the trusted broker in Dubai and UAE for Binary Options, Forex, Stocks, and Commodity CFD trading. You can try Binary Options trading in a Risk-Free Demo Account with $10,000 in demo money. IQ Option Dubai – IQ Option is quite popular in Dubai, and many people are using its platform for Forex, Options, and CFD trading on hundreds of assets.
The traders can trade Binary Options, Digital Options, and CFD trading on Currencies, Stocks, Cryptos, Gold, Silver, and other commodities IQ Option UAE trading platform.
IQ Option is a leading binary options broker presenting its exclusive, modern, advanced, and user-friendly trading platform to the world. The trading platform IQ Option UAE offers advanced charts and analysis tools to refer to while trading, hence preferred by professional traders. The platform allows you to trade both standard binary options and the most popular turbo options (60 seconds- 5 minutes) with a payout of up to 95% *. It also offers to trade during the weekend on selected currencies.
IQ Option UAE trading platform offers built-in indicators to help you make the right trading decision without switching between windows while trading.
IQ Option Account Types
- Standard Account: This account is the basic account every trader gets with a minimum $10 deposit. This is the account most of the traders use, and there are no functional restrictions in these accounts. Over 300+ assets, 24-hour chat support, and fast withdrawal processing are available for these accounts. Additionally, IQ Option offers Dubai and UAE traders access to several trading tournaments and competitions.
- VIP Account: This account is available to traders with a significant amount deposit (the exact amount is subject to change). A dedicated personal account manager, additional payouts on assets, and monthly trading reports are offered to VIP customers, along with all the features available with the Standard Accounts.
- IQ Option Demo Account: IQ Option UAE wants traders to try and learn to trade before they risk their money. Hence, IQ Options offers a risk-free demo account with $10,000 virtual money. This FREE Demo Account has no limitation or expiry date. It can be reloaded with $10,000 virtual money anytime the trader want. The experienced traders test their trading strategies on Demo Accounts before applying them to their real accounts. Sign up today and become familiar with the IQ Option trading platform without any risk by opening a Demo Account loaded with Free $10,000 virtual money.
IQ Option UAE | Account Verification
The account verification is an important part of online trading with IQ Option in UAE. The account verification is a legal requirement for the safety of financial transactions, and to avoid financial fraud. IQ Option compliance team carry out due diligence and KYC (Know Your Customer) for each and every customer.
The account verification process is quite simple. All you have to provide is your ID proof. You can submit the front and rear side image of Emirates ID, Driving License, Passport page showing your picture, or any other government-issued ID as the ID proof.
Financial Assets
Exnova UAE provides a wide range of financial instruments for trading. These instruments include:
- Forex: This refers to the foreign exchange market where all the global currencies are traded. The forex market is the largest and most liquid market in the world, with an average daily trading volume exceeding $5 trillion.
- CFDs: Contract for Difference (CFD) is a popular form of derivative trading. CFD trading enables you to speculate on the rising or falling prices of fast-moving global financial markets (or instruments) such as shares, indices, commodities, currencies, and treasuries.
- Stocks: Stocks, also known as shares or equity, represent ownership in a company and constitute a claim on part of the company’s assets and earnings.
- Crypto: Cryptocurrencies like Bitcoin, Ethereum, and many others are another option available for trading. Cryptocurrencies are digital or virtual currencies that use cryptography for security.
- Commodities: These include physical assets like gold, silver, oil, natural gas, agricultural products, and more. Trading in commodities involves buying, selling, or trading these physical substances.
- Indices: An index is a method to track the performance of a group of assets in a standardized way. Indices typically measure the performance of a basket of securities intended to replicate a certain area of the market.
- ETFs: Exchange-traded funds (ETFs) are a type of security that involves a collection of securities—such as stocks—that often tracks an underlying index.
Exnova provides these financial instruments to help its clients diversify their portfolios and take advantage of various market opportunities.
Trading Platforms
Exnova broker located in the United Arab Emirates offers several trading platforms to cater to their clients’ needs and preferences. These platforms include:
- Desktop App: This is a software application that can be installed directly onto the user’s personal computer. It provides a comprehensive trading interface with all the necessary features and tools for trading binary options. The Desktop App is designed to be user-friendly, making it suitable for both beginner and experienced traders.
- Web Platform: This is an online-based trading platform that can be accessed using any web browser. This means that clients can trade binary options without having to download or install any software. The Web Platform offers the same features and tools as the Desktop App, but with the added convenience of being accessible from any computer or device with an internet connection.
- IQ Option Mobile App: This app is available for download from the App Store for iOS devices and Google Play for Android devices. The IQ Option Mobile App allows clients to trade binary options directly from their smartphones or tablets, making it possible to trade anytime and anywhere.
- IQ Lite App: The IQ Lite App is a simplified version of the IQ Option Mobile App. It is designed for traders who prefer a simpler and less cluttered trading interface. Despite its simplicity, the IQ Lite App still offers all the essential features and tools for trading binary options.
In summary, Exnova provides a variety of trading platforms to accommodate the needs of their clients. They ensure that regardless of the platform chosen, clients will have access to all the necessary tools and features to successfully trade binary options.
Charting Tools
- Chart Type – There are 4 types of charts available on the platform – Line Charts, Candles, Bars, and Heikin-Ashi.
- Time Interval – The chart time frame can be selected from 5 seconds to a 1-day interval.
- Graphical Tools – Graphical tools like Lines, Trend Lines, Horizontal lines, Vertical Lines, and Fibonacci Lines are available for graphical analysis.
Indicators – Many useful indicators and Oscillators like – Trend Indicators (23), Momentum Indicators (32), Volatility Indicators (13), Moving Averages (6), Volume indicators (4), and several other indicators are available for applying on chart for improving your trading experience.
IQ Option has a tutorials section that is accessible to all registered users. It has many informative videos on Technical Analysis, Fundamental Analysis, Platform basics, Market News, and Margin and CFD trading to name a few. You can find a few examples of IQ Option trading strategies here.
IQ Option Deposit Options in UAE
Exnova is a binary options broker in the United Arab Emirates (UAE). This company provides individuals the opportunity to trade a variety of different financial instruments, such as stocks, indices, commodities, and currencies.
When it comes to deposit options, Exnova offers several ways for traders to fund their accounts. These can include traditional methods like bank transfers and credit cards, as well as modern methods such as e-wallets or cryptocurrencies. The exact options available may vary, so it’s always best to check directly with Exnova for the most current information.
The Exnova minimum deposit amount can also vary depending on several factors. This could include the type of account you’re opening, the deposit method you’re using, and any promotions or bonuses that might be available at the time. Typically, minimum deposit amounts can range from around $10 to several hundred dollars.
Again, it’s essential to check directly with Exnova for the most accurate and up-to-date information regarding deposit options and minimum deposit amounts. This will ensure that you have all the details you need to make informed decisions about your trading activities.
IQ Option Withdrawal Options in Dubai, UAE
Exnova UAE offers its services in the United Arab Emirates (UAE). It provides traders with a range of withdrawal options to ensure a convenient and seamless trading experience. The withdrawal options might include traditional methods such as wire transfer or credit/debit card transactions, as well as digital methods such as e-wallets like Skrill, Neteller, and PayPal.
The choice of withdrawal options largely depends on the trader’s preference and the regulations of the country in which they reside. In the UAE, for example, wire transfers and credit/debit card transactions are commonly used. However, the availability of these options is subject to Exnova’s terms and conditions.
Regarding the Exnova minimum withdrawal amount, it varies from one broker to another. Exnova may have its policies determining the minimum amount you can withdraw from your trading account. This information is often available on the broker’s website or can be obtained by contacting their customer service.
The minimum withdrawal amount is an important factor to consider when choosing a binary options broker. It should be reasonable and flexible to suit different types of traders, whether they are beginners or experienced. Before opening an account with Exnova, it is advisable to understand their withdrawal policies, including the minimum withdrawal amount, to ensure it aligns with your trading needs and expectations.
IQ Option Dubai | How to Trade Binary Options on IQ Option Platform
Binary Options trading is all about making predictions about whether the price of an asset will go up or down in the near future, in the next 30 seconds, 1 minute, 5 minutes, or 15 minutes or any predefined time. In this kind of trading, there are just two outcomes – Either you win or lose, depending on whether your prediction is correct or incorrect.
As a Binary Options trader, it is important that you understand binary options trading before you start trading with your real money. Binary Options or Digital Options trading is different from traditional options trading. They are different in terms of the different fees, risks, and payouts.
The traders looking to hedge their position, Binary Options can be an excellent way to do so. Here we will explain binary options trading to help you have a better trading experience with IQ Option Dubai, UAE.
Key Terms Used in Binary Options Trading
There are a few key terms you must understand before trading Binary Options and Digital Options with IQ Option Dubai Platform.
Expiry time: This is the time between entering a position (BUY or SELL, UP or DOWN) to the time the position closes. This period can range from 30 seconds to 30 minutes on the IQ Option Platform. Most traders usually go for short-term options that last for 30 seconds to 30 minutes.
Strike price: This is the price of the asset at which the CALL or PUT (High or Low, UP or Down) contract starts. For example, the price of GOLD can be $1,950, and the trade has a payout of 80% return. If You place a “CALL” bid with let’s say $1000. When the contract closes, and the Gold price goes up higher than $1950, you get back your $1000 plus 80% of your invested amount. In this case, you will have $1800 at the end. If your prediction was not correct, then you lose the $1000 you have invested in the option.
Payout: The payout is the return, usually in percentage, that the broker pays to traders if the trader wins. In the above example of Gold, the Payout is 80% for a successful trade. The best part of Binary Options is that the maximum potential loss is limited, which is $1000 in the above example. The traders always know the maximum loss percentages before entering a Buy or Sell contract.
Step-by-Step Guide – How to Trade with IQ Option in UAE?
How to trade IQ Option in UAE? Trading with consistent profit can be challenging. But learning how to trade IQ Option is not tricky. You can learn it by following the steps described below.
Step 1
Choose the Asset to trade.
You can select any Currency Pair, Gold, Silver, Stocks, etc. to trade. You can see the profitability of each asset by their side. Select the asset you have analyzed and which has higher profitability.
Step 2
Enter the Amount to Invest.
In this field, you must enter the amount you want to trade. The minimum amount you can trade is $1. The experts suggest not investing more than 1% to 5% in any trade. Risk management is the key to success in Binary Options and Digital Options trading in UAE.
Step 3
Select the Expiry Time.
In this field, the trader has to select the Expiry Time of the trade. For turbo trades, 1 to 5 minutes expiry is available. Lond term expiry is available on the right side. Usually, the lower expiry you select, the higher payout you get if successful. Lower time expiry means more risk hence more payout.
Step 4
Click HIGHER or LOWER
Once you have filled in the expiration time and investment amount, you must determine whether the price will be higher or lower. Take this decision carefully, and when you are done with your decision, you are ready to open the trade; click on “Higher” or “Lower”, depending on the outcome of your analysis.
If your prediction is correct, you get up to 95% return on your invested amount; otherwise, you lose the invested amount.
How to Trade Stocks CFD with IQ Option Dubai, UAE?
The traders looking for trading the Global shares of reputed companies can do so with IQ Option using its CFD trading feature on the platform. The CFD trading instrument of IQ Option is quite powerful with its multiplier feature, which allows traders to buy up to five times the available funds.
The CFD trading stands for “Contract for Difference” While trading using this CFD instrument, the trader does not actually buy the company’s stocks. Instead, he enters a contract with the broker involving the price movement. If the trader enters a buy contract and the price goes up, he makes a profit and vice versa. If the price moves in the other direction than predicted by the trader, he loses money. The multiplier just multiplies the risk. A multiplier of 2 brings in double the profit as well as double the loss if the trade goes wrong.
CFD trading is a good way of availing the trading opportunity in the shares without getting into the complexities of buying and selling the shares from the stock exchange. The transaction fees while trading the companies’ shares are higher and involve many formalities. However, trading stock CFDs are straightforward. The CFD platform also offers Currency Pairs, ETFs, and Commodities for trading at the same place, making the trading experience better and smooth.
How to Trade Stock, Forex, and ETF CFD on the IQ Option UAE Platform?
The steps involved in trading CFD on IQ Option UAE are not difficult. Just follow the simple steps discussed below.
- Select the asset to trade.
Select the Stocks from the list of options available on the IQ Option platform on the left-hand side of the platform. The traders may also choose Forex, Crypto, Commodities, or ETF CFDs. Then choose the stock of the company you wish to trade. You may select assets other than stocks if you like. Then analyze the market using various technical tools available on the platform. Do some research work on leading financial news sites. Then predict its future price direction and trade in your chosen price direction.
- Set the amount of money you want to invest.
This is an important part of understanding while trading CFD. Most experts advise not to invest a significant amount of your funds in any single trade. Risk only an amount like 1 to 5 percent of your capital in any single trade.
- Select the multiplier.
Select the multiplier you want to use. Investing an amount of $100 and selecting a multiplier of 5 gives you exposure to $500 investment—your potential profit increases by five times, as well as your potential losses.
Select Auto Close if you like to automatically close your trade after making a certain profit or loss. The Auto Close can be set as % Proft/ loss, Amount of $ in profit/loss, or Asset price.
- Now select BUY or SELL.
Click BUY or SELL as per your analysis of the market. If you expect the price may go up, you should click BUY and vice versa. The higher the difference between trade opening price and closing price, the higher the profit (or loss), depending on your trade direction. The traders should keep in mind that there is a fee for positions kept open overnight. Hence, the traders should keep in mind the overnight fees while trading. IQ Option CFD trading does not assure you of swap-free trading. Therefore, some traders of the Islamic faith looking for a Swap-free account may not like it.
Can I try IQ Option in UAE without the risk of losing my money?
Yes, you can try IQ Option in Dubai without any risk of losing your money. IQ Option gives a Free Demo trading account with a $10,000 demo balance. You can trade in the demo trading account with the $10,000 virtual money while learning. The demo account comes without any obligation. You need not open a live trading account or make any deposit if you don’t like the trading features of IQ Option. You may simply leave if you find it difficult for you to trade Binary Options.
Additionally, the demo account comes handy when you want to try new strategies and risk management. The expert traders always apply their trading strategy in a demo account before applying it in a live account.
Check other Binary Options Brokers in UAE offering Free Demo Accounts.
Is IQ Option legal in UAE?
Yes, IQ Option is legal in UAE. It is a legitimate financial trading platform registered in St. Vincent and the Grenadines. IQ Option trading platform is accepted in Dubai and the UAE, offering traders a range of trading options while operating within the government’s regulatory framework. On its website, it mentions countries where it doesn’t accept any clients. IQ Option accepts traders from Dubai and the United Arab Emirates. And the UAE regulators have not yet imposed any restrictions on IQ Option’s business activity. Hence, it is legal to trade binary Options in the UAE with IQ Option.
I’m often asked about the legality of IQ Option in the UAE. It’s important to conduct thorough research before investing your hard-earned money. So, to answer your question, IQ Option is legal in the UAE and operates within its laws. However, seeking professional advice and making informed investment decisions is always a good idea. You should also always monitor the ever-changing rules to stay aware and compliant.
Is IQ Option a trusted broker in UAE?
IQ Option is one of the UAE’s best Binary Options and online trading brokers. Its exceptional online trading services have earned the industry an excellent reputation and trust. IQ Option is registered in St. Vincent and Grenadines with Registration No. 24840 IBC 2018 to serve its global clients, including clients from Dubai, UAE. The platform offers a wide range of trading options, including Forex, CFDs, Cryptocurrencies, and Binary Options, making it an attractive option for traders in the region.
IQ Option Islamic Account for UAE Traders
IQ Option is a leading online trading platform that offers an Islamic Account designed explicitly for UAE traders. This account type adheres to Islamic law principles, prohibiting the collection or payment of interest. The IQ Option Islamic Account, also known as a swap-free account, doesn’t accrue interest on positions held overnight and doesn’t charge any hidden fees. This makes it an excellent option for UAE traders who wish to engage in online trading while complying with their religious beliefs. The platform offers various trading instruments, including forex, stocks, cryptocurrencies, and commodities. With IQ Option, traders in the UAE can enjoy a user-friendly interface, educational resources, and advanced trading tools while respecting Islamic finance rules.
Is IQ Option halal in UAE?
The IQ Option trading platform is considered halal in the UAE because it adheres to Islamic finance principles. Islamic or Sharia law prohibits certain financial activities, such as charging interest (also known as “riba”) or swaps. These principles also prohibit excessive uncertainty or gambling.
IQ Option’s compliance with these rules makes it a permissible option for Muslim traders in the UAE. The platform does not charge interest on trades, meaning traders do not earn or pay interest on open positions. This ensures that trading activities do not fall into the category of “riba,” which would be against Islamic law.
Additionally, IQ Option does not involve any swaps in its trading activities. A swap in forex trading is an interest fee that you either earn or pay for positions kept open overnight. As swaps can be seen as a type of interest, they are also forbidden under Islamic law.
Therefore, IQ Options’ policy of not charging any interest or swaps makes it a halal or permissible option for Muslims interested in online trading in the UAE. Its adherence to the financial guidelines set by Islamic law has made it a popular platform among Muslim traders.
FAQs
Is IQ Option legal in UAE?
Yes, it is legal to trade with IQ Option in UAE. It is a legitimate online trading platform registered in Saint John’s, Antigua and Barbuda.
Does IQ Option has its office in Dubai, United Arab Emirates?
No, IQ Option does not have an office in Dubai or UAE. It supports the customers via Online Chat, Email, and Telephone.
How to trade IQ Option in UAE?
You have to register for an account, deposit funds, learn the basics of trading, and start trading with IQ Option. IQ Option offers a Free Demo Account, too.
How to withdraw money from IQ Option in UAE?
You can withdraw funds to your credit, debit card, or any other wallets by requesting fund withdrawal on IQ Option account.
Is IQ Option halal in UAE?
Yes, IQ Option offers Islamic Accounts to traders belonging to the Islamic faith. Its halal to trade in a IQ Option Islamic account.
Does IQ Option have Islamic Trading Accounts?
Yes. IQ Option offers Islamic trading accounts. The trades must contact the customer support after registration for an Islamic account.
IQ Option Review UAE – Conclusion
IQ OPTION UAE is recognized as a premier binary options broker, offering innovative trading features designed specifically for traders in the UAE. Known for its outstanding customer support, it provides an extensive array of payment options and ensures swift same-day fund withdrawals for its clients. Our thorough evaluation confirms that IQ Option Dubai, UAE, stands out as one of the most reliable online trading brokers in the region.