IQ Option South Africa – All you should know

IQ Option does accept traders from South Africa, 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 South Africa 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.

 

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When trading with real money, your capital is at risk.

Not based in South Africa? 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 South Africa – Overview of the trading conditions

Now when we have established that IQ Option welcomes traders from South Africa, 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 South Africa 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 South Africa 150 ZAR (South African rand) (or equivalent in other currency) and the minimum investment is set at 15 ZAR (South African rand).

IQ Option Deposit and withdrawals methods supported in South Africa

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 South Africa 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 South Africa 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 South Africa

As mentioned before, traders from South Africa 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 South Africa.

Asset category Maximum leverage
Major currency pairs 1:1000
Minor and exotic currency pairs 1:300
Stocks 1:20
Cryptocurrencies 1:100
ETFs 1:20
Indices 1:150
Commodities 1:150

The table was updated on 29.03.2020 for which it is accurate.

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