IQ Option UAE (United Arab Emirates) – All you should know

IQ Option does accept traders from the UAE (United Arab Emirates), 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 the United Arab Emirates 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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Not based in the United Arab Emirates? 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 United Arab Emirates

Now when we have established that IQ Option welcomes traders from the United Arab Emirates, 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 the UAE 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 which can be opened with as little as $10. The minimum investment is set at $1. IQ Option also features Islamic trading accounts.

Deposit and withdrawals methods supported by IQ Option in UAE

IQ Option support in almost every jurisdiction these funding methods: Credit and debit cards (Visa, MasterCard), Neteller, Skrill, Webmoney and bank transfer. However, traders from the United Arab Emirates in addition to the funding methods above can also use Advcash and Perfect Money to fund their account.

The minimum deposit amount is $10, the minimum withdrawal amount is $2. 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 another currency).

If you are based in the Emirates 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). Wire withdrawals are processed within 24 hours, how long it takes for wire deposits to appear in your IQ Option account depends on your bank. Card deposits appear almost instantly and withdrawals are processed also within 24 hours.

Available leverage for traders from Emirates

As mentioned before, traders from the United Arab Emirates 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 the United Arab Emirates.

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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