What is IQ Option Singapore and how does it work?
Over the last few years, binary options trading has become extremely popular all over the world. Millions of people invest their money every day with loads of reliable brokers. Among those brokers, IQ Option is considered to be one of the best, if not the best company in the industry. They operate all over the world, offering the same high level of service to all their clients. The same goes for IQ Option Singapore. This bustling city is a trading hub in every possible sense, so it’s no wonder that we’ve received a lot of questions from people residing there about opening an account with this company.
It had 30 million active traders as of February 2016. It is also the winner of several awards, as Best Binary Options Broker Trading application, Most Innovative Binary Options Broker, Google Play rankings show that it's mobile app has been rated as the best binary options trading app across 26 countries, and Most Reliable Binary Options Broker.
IQ Option Account Types
When opening an account with IQ Option, there are three types of accounts to choose from:
- Practice accounts. As the name suggests, this type of account is made for beginners but also for experienced traders who want to test new strategies. In case of losses, the funds can be replenished with a single click on the platform.
- Real accounts. This type of account is the standard account used for trading with real funds. When a trader deposits $3,000 or more, they are awarded a VIP account status.
- VIP accounts. This type of account has additional features, like personal account manager, free access to tournaments, higher profitability rates, and training material. There is no difference in spread or execution from the standard real accounts.
IQ Option Conclusion
IQ Option Singapore is a great choice if you live in this big city. IQ Option is one of the rare brokers that offer a wide variety of instruments for trading: from binary options and cryptocurrencies to trading forex. Their platform is easy to learn and even easier to use, which makes it suitable for both beginners and experienced traders.