Available IQ Option Countries: In Which Jurisdictions The Broker Legally Operates
IQ Option extends its services to many countries. Some of these countries include South Africa, South Korea, Brazil, Argentina, Mexico, New Zealand and others.
IQ Option is a popular binary trading platform known for its vast range of assets and trading instruments. This IQ Option review delves into the legalities surrounding IQ Option, the countries it operates in, the countries it doesn't, and the inherent risks of binary options trading.
Available IQ Option Countries: In Which Jurisdictions The Broker Legally Operates
IQ Option was started in 2013 and is a recognized trading platform in the online financial industry. Overseen by the Cyprus Securities and Exchange Commission (CySEC), the platform operates under license number 247/14.
The users' funds are stored securely, emphasizing the platform's focus on safeguarding its clientele's interests. This security and adherence to regulatory guidelines have given the platform a broad user base across the globe. Many traders ask: Is IQ Option legit? Yes, IQ Option is a legit broker.
Available IQ Option countries
IQ Option extends its services to many countries. Some of these countries include South Africa, South Korea, Brazil, Argentina, Mexico, New Zealand, Thailand, Turkey, Peru, Chile, Colombia, Venezuela, Saudi Arabia, Switzerland, and Taiwan, among others.
Each country may have specific regulations or guidelines related to online trading, so traders are advised to familiarize themselves with local laws before engaging..
Which country is IQ Option banned from?
IQ Option is only available in some countries. Some countries that have restricted the services of IQ Option include Australia, the USA, Canada, Iran, Israel, Japan, Latvia, North Korea, Pakistan, Palestine, Russia, Sudan, Syria, and Turkey. The reasons for these bans can range from local financial regulations specific national laws, or geopolitical issues. Traders from these countries should seek alternative platforms compliant with their local regulations.
Is binary options trading risky?
Binary trading is indeed risky. Financial markets can change rapidly, so there's both a chance for good profit and a risk of big losses in a short time.
For people new to this, it's key to understand that while there's potential to earn, there's also a risk of loss. The fast changes in the market can work both ways. But how can one handle this tricky situation?
One of the first things to do is have a clear plan. Decisions made in the heat of the moment or based on emotions can lead to mistakes. It's wiser to have a plan based on study and understanding of the market. This plan can be like a guide in the unpredictable world of binary trading.
FAQ
Is IQ Option International?
Yes, IQ Option is an international broker offering its services to numerous countries.
Is IQ Option Legal?
Indeed, IQ Option operates legally.
Is IQ Option available in the UK?
IQ Option is licensed and authorized in the UK by the local regulator, FCA, under FRN 583263.
Can I use the IQ Option in Canada?
Unfortunately, the IQ Option isn’t available in Canada.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).