Australians Can’t Trade with IQ Option Anymore
IQ Option is a well-known brokerage which is widely recognised for its transparent model that was introduced back in the year 2008, with only Binary Options trading. It has now expanded to Forex, CFDs, Cryptocurrency Trading as well as Commodity. Since the time it was launched, IQ Option has made a clear distinction from other brokerage firms with lower financial requirements.
IQ Option has amassed a considerably large number of international clients who use it for trading Forex CFDs, Stock CFDs, Cryptocurrency CFDs, Commodity CFDs, Binary Options.
Why is IQ Option Popular Among Its Global Clientele?
Although it started with small market participants in the beginning, due to its competitive features and reliable trading platform, IQ Option now caters both small-scale to large-scale market traders. Following are the highlights of IQ Option that sets it apart from any other brokerage.
- Low Deposit Amount: IQ Option has made a standard by allowing its users to create an account and start trading by depositing the minimum amount (as low as $10). This exceptional feature attracted a huge number of traders both beginners and professional to invest in forex, commodity, cryptocurrency. Options via IQ Option’s trading platform.
- Dependable platform: The popularity of IQ Option heavily depends on its high-performance live trading platform. It’s easy to create a registered trading account by an individual and start trading in CFDs of their choice. IQ Option’s platform handles an approximate of 1.8 Million unique trades on a regular basis without lagging and other such issues.
- Fully regulated: The company behind IQ Option, IQ Option Europe Ltd. is highly secure as it is backed with complete legal regulations by CySEC as it’s based in Cyprus. Over the years, the said brokerage has acquired the necessary licenses that make it available in various countries.
- Tradable Assets Available: IQ Option’s trading platform offers a wide selection of tradable assets to help a trader delve into the forex world.
The different kinds of tradable instruments available on IQ Option are as follows.
- Currency Pairs CFDs
- Stocks CFDs
- Commodities CFDs
- Cryptocurrencies CFDs
- ETFs CFDs
- Cryptocurrencies
- Binary Options
- Digital Options
IQ Option’s Unavailability in Australia
The primary reason for the immense popularity of IQ Option is the advanced trading platform and lesser financial requirements. With such features, it is possible for any trader to Sign up and start trading easily. However, quite unfortunately, Australian traders are not accepted at this moment. Australians love trading and IQ Option would have been immensely popular among the traders, if there were no restrictions.
Although the platform supports traders and their accounts from many countries, according to some newly introduced legal formalities the trading platform cannot accept traders from Australia. According to the regulations in Australia, the country’s citizens are only allowed to trade with binary options brokers which are ASIC regulated. Since IQ Option still hasn’t acquired licenses from ASIC and does not have an operational office in Australia, it does not support Australian traders at the moment.
