The short and simple answer on whether IQ Option accepts traders from Australia is NO. So if you are based in Australia, you have to find a different trading platform for your trading.
Why is IQ Option not available in Australia?
IQ Option is not available in Australia because it does not have the necessary licenses to operate in this jurisdiction. For IQ Option to be available in the US, it would have to be licensed and regulated by the ASIC (Australian Securities and Investments Commission). This regulatory body protects Australian consumers, investors and ensures that ASIC regulated companies operate in a fair and transparent manner.
Unfortunately, IQ Option does not own this license and therefore, their services are not available to traders from Australia.
Can I use IQ Option in Australia?
No, you cannot use IQ Option if you are based in Australia because the broker does not accept traders from this jurisdiction. IQ Option knows where you come from based on your IP address and even if you would try to fool IQ Option by using VPN, you could not trade with them as you would be asked to verify your account with your ID.
Are there any good alternatives to IQ Option?
Luckily, yes, the Australian market is quite competitive and there are many solid brokers that are regulated by the ASIC.
Popular Australian brokers
The following ASIC regulated brokers feature CFDs on forex, stocks, commodities, indices and cryptocurrencies.
|Broker||Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interestest of clients and also feature an investor compensation scheme which protects trader's deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia.||Min. deposit||Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets.||Cryptocurrencies||Special features A list of features that provide a given broker with a competitive edge.||Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.|
|ASIC||$100||In-house built platform||13 crypto pairs||
|ASIC||$50||In-house built platform||14 crypto pairs||
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs with these providers.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.