IQ Option BotswanaPreferred Binary Options and Forex broker in Botswana
IQ Option is leading the financial market with its Binary Options trading services since 2013. Now, IQ Option Botswana offers complete financial trading services, which include Binary Options, Forex, Commodity, Stock CFDs, and Index CFDs. Open a Free Demo Account with $10,000 virtual money for unlimited practice. Trade with the market leader, trade with IQ Option in Botswana.
IQ Option Botswana is an online trading provider that has been founded in 2013 and operated by IQ Option LTD. It is rated as the #1 Trading platform over the services and the quality of this product.
IQ Option claims that the number of active traders on the IQ Option platform is growing year by year since its launch in 2013. And it has almost 43 Million active traders as in August 2019.
IQ Option complies with CySEC and EU regulators for its operation in the European Union.
However, it accepts traders from other countries while operating as IQOPTION LTD, Registration No. 24840 IBC 2018
Address: Hinds Building, Kingstown, St. Vincent and Grenadines. As per IQ Option policy, the clients’ fund is stored in European Banks.
The traders can try all the features of IQ Option and its platform in a free demo account. The demo account comes risk free and without any obligation to deposit any money. The trader may choose to deposit if he/ she finds it worth trading in a live account.
IQ Option Review Botswana
IQ Option works 24 hours daily on 7/7 days – 5/7 Real market and 2/7 OTC ( Over The Counter). It allows everybody to trade the financial market. The trading platform offers multiple financial instruments. They are – Foreign Exchange/FX or Forex, Binary/Digital Option, and Stocks besides Commodities and ETFs.
Foreign Exchange (Forex): IQ Option offer more than 87 pairs in Forex with low spread and low commission
Binary / Digital Option: Trader can speculate the price movement and predict the next market movement.
Stocks: IQ Option offers over 187 Stocks Including famous companies like Apple, Pinterest Inc., Facebook, Paypal, Netflix …
Commodities: IQ Option offers to trader the opportunity to trade Gold, Silver, Platinum, Crude oil WTI, etc.
ETFs: Exchange-traded fund, over 25 ETFs are available for trading.
IQ Option Account Types
IQ Option offers its clients three types of trading account types listed below.
Demo Account: IQ Option offer 10,000$ USD Demo Account for their novice and experienced traders. You can practice over and over your strategies, apply money management, testing features and other instruments offered by this platform without risking any cent from your real money.
This was very useful when I started trading with IQ Option. I was able to practice before I turn to real trading with real money because I was not familiar with trading.
IQ Option gives the VIP status to the traders who make a deposit of over 3,000$. The VIP traders have multiple advantages over the Standard account ( Real Account). VIP account provides the client with the following advantages :
- Free Education PDF Books made by experts.
- Personal Account manager to solve your query as fast as possible.
- Training Session via phone call by the expert of trading.
- Free access to tournaments without any fees and real prize reward.
- Getting High payout rate than normal account.
Fund Deposit and Withdrawal
IQ Option offers its clients a minimum amount of deposit that is 10$ USD, EUR, GBP and a maximum deposit of $100,000 in a day ( depends on client deposit currency ). It instantly updates the account balance without any commission or hidden fees applied to the transaction .
IQ Option doesn’t have any limit or minimum withdrawal amount once the client request it, the withdrawal process is under 1-3 business days in working hours ( Monday – Friday). The client will not be able to withdraw in week-ends. VIP Status client withdrawals are processed under 4 hours after the request .
UPDATE: In August 2019 IQ Option made the withdrawal process instantly to the e-wallets even in weekends – the client can only withdraw the same amount deposited to benefit from this exclusive feature.
Is IQ Option legal in Botswana?
Yes, it is legal to trade Binary Options in Botswana with IQ Option. IQ Option is one of the most reliable brokers for Binary Options trading. You must adhere to local regulatory changes to stay compliant with regulations of your country, which may change from time to time.
IQ Option in Botswana offers multiple payment methods that make it easy for the clients to deposit funds. The trader can use the listed payments options to fund/withdraw money :
Bank Card: Visa or MasterCard Accepted ( 3D Required )
E-Wallet: Skrill, Neteller, Advcash, Webmoney
Cryptocurrency: Bitcoin ( 1- 12 hours )
Bank Transfer: WireTransfer ( Not Recommended – Due to late loading balance to account 3-5 Business Days )
Please note that the traders who deposit with Visa or Mastercard can only withdraw the amount deposited with their cards. The profits can be withdrawn to e-wallet accounts. For example, you made a deposit of 100$ with your bank card and you have made 30$ USD of profits, you can only withdraw 100$ to your card and it will appear as Refund from ( IQ OPTION LTD * XXXX ), and the $30 profit can be transferred to the selected e-wallet.
The account verification is a one time process that every client has to complete before making any fund withdrawal. It is an international regulatory requirement to avoid fraudulent transactions.
IQ Option asks clients after signup to fulfill the requested information listed below :
Email: The client must submit a valid email to verify it ( routine verification ).
Personal Information: Client must provide valid information about Name, Surname, Country, and Address.
Phone Verification: Client will receive SMS code to valid he is the owner of the phone to receive calls in the future.
Bank Card Verification: if the client used his bank card to deposit, he must provide a scanned copy of the card for verification.
IQ Option Require identity verification for every client on the first withdrawal ( 1 Time verification ) with a valid identity document listed below :
Valid Passport ( High Resolution Required and not Expired )
Valid Identity Card: Driver License or National identity card ( Must be in Latin words )