IQ Option demo account – the best decision for trading in Nigeria
In today's world, everyone has the opportunity to make big money online. Someone prefers to play in a casino, but this approach does not guarantee the stability of winnings - too much depends on luck. But if we are talking about binary options trading, this is a completely different way. A thorough analysis of factors, bank management and timely response to signals can bring good money. Moreover, such success can be regular. You can be anywhere - in the USA, Australia, France or Nigeria - everywhere there is access to certain exchanges offering services.
An important step is to select a reliable broker that will provide convenient and round-the-clock access to the Forex platform. Also, it must guarantee the protection of profile data and a responsible approach to his duties. One of the top brokers is the IQ Option, which officially operates in Nigeria and offers good conditions for beginners and experienced traders.
Story about progress and success
A company specializing in trading currencies was founded in 2012. Thanks to the constant development, improvement of service and the introduction of modern technologies, the company managed to become one of the segment leaders for seven years.The company is widely known in many countries, including South Africa, Nigeria, etc.
Such success is based on a number of factors:
- Reliability. The IQ Option has an official license (number 094224) and is subject to the laws of Seychelles. This means that the trader is protected from scam and can seek justice in court (if necessary).
- Approval. It is entered in the registers of financial institutions FCA, Consob, BaFin, CNMV, ACPR, AFM and the Central bank of Nigeria. A high level of trust indicates the reliability of the company and make binary option trading totally legal in this country;
- Customer care. Each user can download IQ Option app, which works perfectly with modern mobile phones (iOS or Android). You can use IQ Option app anytime, wherever there is an internet connection as it is very easy to use, absence of errors and very fast operation;
- Reputation. We have an outstanding reputation for efficient 24/7 online support services, protection of user data using SSL Protocol and quick response to user complaints. Also the positive feedback from our clients have been quite encouraging. Due to this, the platform has a huge customer base. The company is especially popular in Nigeria, South Africa, etc.
- Free education materials. After download IQ Option for android, iOS or PC, the user is taught access to a large section of training books and videos. Here are various strategies that help to increase profits and make binary options trading as efficient as possible. Now you can make big money on trading by binary option in Nigeria.
More information about the basic principles of the company is described below.
The choice of investment services
To start trading in Nigeria, the broker must visit the official website and go through the registration procedure on the service. Trader needs to click on the “Registration” button, located in the upper right corner of the site (if you download app for mobile, the button is in the drop-down menu) and provide true data.
The service needs to know: full name, phone number, email address, username, and password to enter the account. Also available is a quick registration procedure via Facebook or Google Plus (data is imported from the profile) and the ability to activate a demo account (bets are made in virtual currency). The IQ Option platform attracts with a good set of investment services that can be traded.
The user from Nigeria has the right to bet on:
- CFD. Contracts for difference, allowing the client to speculate on the dynamics of stock prices of popular companies. The site offers a choice of 128 companies, which include such corporations as Facebook, NVidia, Google, Amazon, Apple, Netflix, and others. There is high-quality analytical support and rating, which helps to evaluate signals and predict rate changes. For lovers of risky transactions, it is proposed to earn on the difference in the cost of rates Platinum, Silver, Crude Oil Brent, OilWTI, Gold, and Weight with an excellent multiplier of 1: 150. Rates on investment securities (ETF funds) are also offered, here is the multiplier 1: 100;
- Options. Classic binaries, where the user selects the appropriate currency pair and tries to predict the change in the rate. A total of 53 options are available in Binary, Digital, and FX options. You can trade on the “majors” and “crosses” of Forex, precious metals, stocks, and indices. On weekends, trading on OTC quotes is offered. The maximum payout on profitable transactions is 95% on Binary, 900% on digital, and unlimited on FX options;
- Crypto. Ability to trade on cryptocurrency: sell, buy and exchange the selected amount. IQ Option offers 17 currencies, including the most interesting and popular: Bitcoin, Pipple, Ethereum, EOS, Cardano, IOTA, Dash. A negative factor reducing profit is an additional commission (it can reach 2.9% depending on the time of day);
- Forex. IQ Option clients are offered the opportunity to trade on the Forex platform, making money on currency fluctuations. The user selects from 90 Forex pairs, where there are both popular and exotic options.
Basic conditions for trade in Nigeria
Fame and success of the company brought not only a large number of tools and the possibility of IQ Option free download but also excellent conditions for trading. Any client from Nigeria can start making money here, even with a minimum starting capital. The negative side of the platform is the total absence of welcome bonuses.
|Spread||0-2.9% (depending on the selected instrument, lot and time of day)|
|Maximum yield||Up to 900%|
Types of accounts and the replenishment
After registering with IQ Option, the client has the opportunity to choose several options of accounts.
A special type of account that allows not risking real money. In this case, the trader receives 1000 virtual dollars. This approach allows you to study all the features of the system, deal with signals and develop a winning strategy without risk of losing capital;
Minimum replenishment ($ 10) activates a classic account with standard features. Now the trader can make transactions, choose suitable currency pair and earn real money;
Available after a deposit of $ 3000 or more. In this case, the user receives additional bonuses: increased profitability on contracts, the help of a personal manager (available 24/7), individual training, etc.
The replenishment of the account occurs in convenient and reliable ways. The IQ Option platform works with:
- Bank cards Visa, Maestro or MasterCard;
- Electronic wallets Yandex, ADVCash, Skrill, Neteller;
- Cryptocurrency Bitcoin.
The funds are credited immediately, and it will take up to 24 hours to withdraw money in the same ways. In order to exclude the risk of fraud, the client will need to go through the verification procedure by submitting documents with a photo and personal data (passport or international driver license) to the company's security service.
But for Nigeria, there are certain limitations. With the withdrawal of more than $ 10,000, the bank may cancel the transaction. This is due to the protection of the local currency. Money transfer will again become possible after the user has proved the legality of this money.
Trading platform functionality
Those who made the IQ Option download can use the wide functionality of the platform, which allows trading in any convenient way. Moreover, the company promptly introduces innovations and constantly improves the site and available tools.
Users can evaluate:
- Full-screen mode for any screen extension. The site works great both with old monitors and with HD-screens, the latest tablets, and mobile phones;
- Each schedule can be customized based on your needs. You can add time frames, display quotes, the history of fluctuations in rates, etc .;
- User-friendly interface with many tips, available in several languages (English, Spanish, French, Russian);
- Built-in graphical tools - Fibonacci lines;
- Additional indicators - 18 of the most modern and advanced analysis tools with the ability to individually configure parameters;
- Excellent expiration dates (from 1 minute to a month);
- A wide range of financial products: CFD, Crypto, Forex, ETF with a profitable multiplier (1:300);
- Option to connect a robot and configure automatic trading;
- Option to set pending orders;
- Different variations of binary options - Binary (classic), Digital (with strike price), FX (with unlimited profitability);
- Access of the platform to calendars of profitability of companies, as well as calendars of Forex and crypto events;
- Table with current tournaments and bonus offers;
- Function to create your own trade portfolio.
Tutorial for beginner Nigerian traders
After the client has finished download IQ Option PC, he can immediately start trading on binary options. But this is not the best option, because the lack of knowledge makes his predictions meaningless, and he can win only if he catches luck. But to become successful "at a distance" in this way is simply impossible. Therefore, it is necessary to develop your own strategy. And in this case, the special section "Training" will help.
The IQ Option platform has collected a large number of training materials, which contain detailed reviews of various strategies, tips from professional traders and lessons for both beginners and experienced users. Currently, the section has 16 video tutorials on trading binary options and recommendations on margin trading.
In addition, a special IQ Option blog is available, where user can learn about the latest news in the industry, platform functionality, and new strategies. It also offers a description of all technical indicators and many useful articles about improving trading performance and increasing investment returns.
Earn with the IQ Option Platform
Clients who consider trading on the exchange too risky can become a partner of the platform and make money with it. The company offers a profitable affiliate program, providing a variety of advertising banners and materials for placement on the partner's resource. The platform pays real money for each new user who has registered with the help of this resource.
There are two options for bonuses:
- RevShare. The company shares with a partner by the percentage of profit received from the "customer base" of the partner. The percentage can reach 50;
- CPA. One-time payments of $ 150 for each arrived trader.
Thanks to a high-quality affiliate program, a trader from Nigeria can get guaranteed passive income from IQ Option thanks to the other users.
Brief instructions for using the platform IQ Option in Nigeria
If a trader decided to start trading on this exchange, it is better to follow a simple procedure.
- Download IQ Option windows (or mobile app for iOS or Android) and visit the official website of the company;
- Complete the registration procedure. New trader from Nigeria don’t need any license and can start trading immediately. It is also recommended to go through the verification procedure to speed up the withdrawal process;
- Visit the section with training materials and learn about the main strategies for making money on binary options;
- Open a demo account and try to make a profit by placing bets in virtual currency;
- After the user understands the functionality and ready to work, replenish the account;
- Choose a suitable pair, analyze it and make a bet based on the received factors and signals;
- Start the path to success
Conclusion, Pros, and Cons
Like all platforms, IQ Option has its own advantages and disadvantages. The pros of the company include:
- Good reputation and availability of prestigious licenses;
- Reliable protection of user data (passwords and transaction information) by using the SSL protocol;
- Ability to open a demo account;
- A good section with a lot of training materials;
- A high-quality set of tools for trading and a wide range of currency pairs;
- Fame. IQoption.com is the official sponsor of the AGI Racing team, which participated in the Australian Formula 4 Championship “CAMS Jayco”;
- Convenient ways to replenish the account and prompt withdrawal of funds;
- The presence of an application adapted for modern phones;
- The ability to get a VIP account with additional bonuses (personal manager, increased percentage of profit, etc.);
- Excellent variability and the ability to set personal settings (by graphs).
- Some users from Nigeria find the site interface uncomfortable. So, it will take time to understand the functionality of the resource;
- Country restrictions. The platform does not provide services to residents of the United States, Canada or the countries of the European Union. But for clients from Nigeria, this does not matter - the platform offers a full range of services for residents of the country.
Now, based on an analysis of all factors, you can conclude whether the IQ Option is suitable as a partner on the path to financial success.