Negosentro.com | Why IQ Option Is So Popular in Philippines | IQ Option sets an aim to form the best resolution in the Philippines mart. By trading with IQ Option, traders get access to a fresh and innovative binary options program. At present, it is one of the most available and popular platforms for earning money through trading in Philippines. The broker allows customers to the forex markets, binary options, digital options, cryptocurrencies, CFD, and more. Why is IQ Option so popular in Philippines? The answer lies in its low minimum deposit, low trading cost, free demo account, and useful features.
Minimum deposit of 10 USD and trading from 1 USD
The minimum deposit to start trading on IQ Option in Philippines is 10 USD/GBP/EUR. Traders can choose their preferred form of deposit. Trading is made accessible for everyone with low minimum deposit of the platform and opening transactions at $1. Further, IQ Option does not charge any fees for depositing funds. To make your first deposit, you have to go through the account verification process. In the EU, this verification process involves adding personal information along with contact info and trading experience. You also need to upload photo identification. Other countries have different requirements. Traders also need verification to make withdrawals from IQ Option, which makes the platform a safe option for all.
Free demo account
Demo trading account is one of the most important and useful features of online trading. Also called a practice trading account, a demo account allows novice traders to get familiar with different trading strategies and mechanisms of leverage trading without putting their money at risk. However, it is not only useful for beginners but also for experienced traders who can test their advanced and complex strategies on it without risking money. IQ Option offers a superior demo trading account that is an ideal resemblance of a live trading account. It is perfect because traders can enjoy accurate simulated trading on it with virtual money. Therefore, they can prepare themselves for real-time trading with real money.
Features of IQ Option demo trading account
- Traders can practice trading on the account with virtual money. So, there is no risk of losing real money.
- The demo trading account does not expire.
- You can gain hands-on experience with margin trading by practising on the demo account.
- The demo account allows practice trading on several assets like forex, stocks, options, ETFs, crypto, and more.
- You can switch between demo and live accounts with three clicks only.
Binary option trading on IQ Option demo account
IQ Option has been providing its trading platform for binary option trading for many years. You can trade binary options with a demo account on this platform that offers you a risk-free trading experience but it resembles real money trading closely. IQ Option offers a wide range of binary options, including –
- Forex pair binary options like EUR/USD
- Gold binary option
- Individual stock binary options like Apple
- OTC binary options on forex pairs for weekend trading
Digital option trading on IQ Option demo account
Apart from binary options, IQ Option clients can also trade digital options on the demo account. The most important difference between binary option and digital option is that with digital options, different strike prices are available. It also influences the potential payouts that can be up to 600% when a trade is successful. Keep in mind that digital option payouts only apply for successful trades.
You can trade digital options during weekdays on several currency pairs and a few commodities. OTC (over the counter) digital options are available to trade during weekends with selected currency pairs. Regulated traders from the European Economic Area cannot access digital options.
Powerful features of IQ Option trading platform
The award-winning platform of IQ Option allows traders to trade digital options and binary options in one place. Traders in Philippines choose this reliable broker because of the following reasons as well –
- Everything in one platform
Traders can use the multi-chart layout for analysing historic data so they can make critical trading decisions. Everything they need to trade, including forex, stocks, and cryptocurrencies, are available on a single platform. Moreover, the platform can be accessed from any device of your choice.
- Latest investment and trading opportunities
There are thousands of options, forex, and cryptocurrency investment opportunities that you can discover on this platform. IQ Option offers latest market updates, volatility alerts, stock screeners, newsletters and calendars to traders so they can trade with confidence.
- Community spirit
When you trade digital and binary options on the trading platform of IQ Option, you can get advice and support from fellow traders. The best part is that you can communicate with them without having to leave the traderoom.
You may go through IQ Option blog to know more about digital and binary option trading. Before you start trading with real money, try the free demo account without the risk of losing your investment capital.