IQ Option does accept traders from Nigeria, so if you are based in this country, you can trade with IQ Option. To learn more about the trading conditions which IQ Option has for traders from Nigeria please read the following article for whom it is dedicated. You can also check out our extensive IQ Option Review or visit the broker’s website.
|Broker||Min. deposit||Trading platform A trading platform is a computer or mobile software program used to execute transactions within the financial markets.||Demo||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.|
|$10||In-house built platform||€10,000 Free Practice Account||
||VisitRead a review|
When trading with real money, your capital is at risk.
Not based in Nigeria? If that’s the case, please refer to our article Does IQ Option accepts traders from my country? as different trading conditions might apply to you.
IQ Option Nigeria – Overview of the trading conditions
Now when we have established that IQ Option welcomes traders from Nigeria, let’s talk about the trading conditions this broker has prepared for them. First of all, IQ Option features its own in-house built platform where you can as a trader from Nigeria trade binary and digital options + CFDs on forex, commodities, indices, stocks, ETFs and cryptocurrencies. To trade all these assets and trading instruments, you can either open a free demo on which you can trade with play money. Or you can open a real account, the IQ Option minimum deposit is in Nigeria $10 (or equivalent in other currency) and the minimum investment is set at $1.
IQ Option Deposit and withdrawals methods supported in Nigeria
IQ Option support in almost every country the following funding methods: Credit and debit cards (Visa, MasterCard), Neteller, Skrill, Webmoney and bank transfers. However, IQ Option deposits and withdrawal methods in Nigeria are extended by these funding methods: Advcash and Perfect Money.
It is recommended to use the same deposit and withdrawal method so IQ Option could easily verify that you are the person who made the deposit. IQ Option does not charge any deposit nor withdrawal fees (with the exception of a bank withdrawal where a 25€ fee applies (or equivalent in other currency).
How long does it take to receive money from IQ Option?
If you are based in Nigeria and you use an e-wallet to fund your account, it will take only a couple of seconds for funds to appear in your real account (the same goes for e-wallet withdrawals). Card deposits appear almost instantly and withdrawals are processed within 24 hours. Bank deposits appear as soon as your bank processes and send the payment, bank withdrawals are processed by IQ Option within 24 hours.
Available leverage for traders from Nigeria
As mentioned before, traders from Nigeria can trade on the IQ platform binary and digital options (with a profit of up to 900% in case of a successful trade) and CFDs on forex, stocks, commodities, ETFs, cryptocurrencies and indices. Here is a table of maximum leverage that is available exclusively to traders from Nigeria.
|Asset category||Maximum leverage|
|Major and Minor currency pairs||1:500|
|Exotic currency pairs||1:300|
The table was updated on 18.02.2023 for which it is accurate.
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Trading carries a high level of risk