Iran and Kuwait are neighboring countries located in the Middle East. With crude oil prices falling and hungry Iranian investors turning to binary options trading to make money, the Middle East-U.S. conflict is becoming tenser.
The binary options market has expanded favorably in Iran. This has, however, also attracted certain unregulated hoax brokers who want to steal cash from other traders. In this article, we’ll discuss on the top 3 trading platforms that offer services for Iranian traders and show you where and how to start your binary options trading journey as an Iranian.
A step-by-step guide to trade Binary options in Iran
#1 Pick an available binary options broker in Iran
100+ Markets
- Min. deposit $10
- $10,000 Demo
- Fast Execution
- High Profit up to 95%
- Fast Withdrawals
- Free Signals
100+ Markets
- Welcomes International Clients
- Offers High Payouts: 90% – 97%+
- Professional-grade Platform
- Swift Deposit Process
- Enables Social Trading
- Provides Free Bonus Incentives
300+ Markets
- $10 Minimum Deposit
- Free Demo Account
- High Return Up To 100% (in case of a correct prediction)
- The Platform Is Easy To Use
- 24/7 Support
100+ Markets
- Min. deposit $10
- $10,000 Demo
- Fast Execution
- High Profit up to 95%
- Fast Withdrawals
- Free Signals
from $10
(Risk warning: Trading is risky)
100+ Markets
- Welcomes International Clients
- Offers High Payouts: 90% – 97%+
- Professional-grade Platform
- Swift Deposit Process
- Enables Social Trading
- Provides Free Bonus Incentives
from $ 5
(Risk warning: Trading is risky)
300+ Markets
- $10 Minimum Deposit
- Free Demo Account
- High Return Up To 100% (in case of a correct prediction)
- The Platform Is Easy To Use
- 24/7 Support
from $10
(Risk warning: Trading is risky)
It can be challenging for Iranians to locate the ideal binary options trading site. Finding those that provide trading with various binary option trading techniques and accept Iranian binary options traders is extremely important.
Select a reputable broker to avoid fraud when trading binary options. These brokers can aid in reducing your losses and offering some level of security for your money. Some traders use blockchain technology to strengthen their deals by leveraging smart contract-centered binary options transactions.
The maximum returns, minimum deposits, and support assets that each broker offers are also diverse. Even getting dividends or funding accounts with bitcoin is permitted by some brokers. Blockchain’s advantages and the advantages of international fintech trends have a big impact on the binary options market.
Binary options Iran -based traders can use any of the following brokers:
Quotex
A broker named Quotex wants to give new users a straightforward experience. In order to gain immediate access to the broker’s skill set, you need first set up an account.
Quotex provides quick withdrawals, cheap commission rates, and mobile trading. You can choose binary options from several different businesses because it links to dozens of markets throughout the world.
Even seasoned traders could benefit from learning more about the methods in which particular industries bloom and fall, which goes well with its instructional tools. All trading is made simpler, more interesting, and potentially profitable by the variety of marketplaces it has access to in combination with this knowledge base.
Pros
- Affordable $10 minimum investment.
- No commissions on trades and no charges for deposits, withdrawals, or accounts.
- Trading platform for binary options that is straightforward and user-friendly.
Info: (Risk Warning: Your capital can be at risk.)
Pocket Option
Social media options in Pocket Option enable users to connect with one another, interact, and, most importantly, stay in touch.
Pocket Option encourages the use of these tools merely by making them available to the user. Their software is transformed into a little community where everybody knows everyone. Suddenly, reputation becomes crucial. If someone mistreats you, you can reveal them to everyone. Additionally, people will know if you are kind to someone.
The Pocket Options interface, which prioritizes the traders you are engaging in transactions with, makes all of this easier. In this way, you will always remember who you traded with and who is a good trader.
Pros
- A low initial investment is required to begin trading; the minimum deposit starts at $5.
- A valid regulatory license.
- A demo account, instructional videos, and other resources.
- Social trading site for passive revenue.
Info: (Risk Warning: Your capital can be at risk.)
Focus Option
The profile area, which is a part of the Focus Option trading platform, provides a thorough portfolio view that includes details on a trader’s current balance, amount invested, cash on hand, and overall returns.
The most popular traded assets, as well as daily trading volume, can also be viewed by users. In the end, the dashboard makes it simpler to monitor progress and revenue.
Additionally, to support technical analysis as well as trading decisions, the Focus Option hub offers helpful market data and insights.
From a list of “hot assets” and erratic products, clients can create a shortlist here. The trading hours for the following weeks and the expiry method for each asset are both listed in this section’s assets index, which is also included.
Pros
- 140+ different financial products.
- $10 minimum deposit.
- Numerous cryptocurrency binary options choices.
Info: (Risk Warning: Your capital can be at risk.)
#2 Sign up for a trading account
Consider all the characteristics and contrast the firms before joining up with a binary broker in Iran. Once you’ve chosen a broker, the first thing to do is go to their website and press the sign-up button. Usually, this can be found in the website’s upper section.
A sign-up form that you must fill out will be presented to you. Read the terms of the broker in full before submitting your filled-out form. Before going any further, you must also accept the broker’s terms.
Following your check of the box, you will be prompted to create a password and select one of the broker’s available account currencies. But remember that there’s a potential that the broker won’t accept the money from your nation. Select a broker only if they offer the currency you want to use.
The broker will then send you an email with a verification link. To verify your account, only click on that. Some brokers will want you to provide any type of legitimate ID in order to validate your account. They will complete your account creation once you have sent them all the required paperwork.
#3 Use a demo account
Demo accounts for binary options giving users a risk-free setting in which to experiment. The demo should, in theory, provide you access to all of the assets available in the actual version, allowing you to experiment with everything from indexes to commodities as well as individual shares. You ought to switch to a live account once you’ve gained some experience.
#4 Pick an asset to trade
Once you are more familiar with how the market operates, weigh the advantages and disadvantages of each market and choose the one that appears to be the most lucrative. Make sure you pick an asset that appeals to you.
More significantly, if you’re merely trading as a hobby, be sure the market you chose doesn’t necessitate round-the-clock supervision. You need to remember that you can’t just start a trade, let it sit for a few hours or days, and anticipate making money. The market is exceedingly erratic and subject to sudden changes.
#5 Make an analysis
Binary options analysis is the practice of reviewing a trade in binary options before executing it. To maximize your chances of success, you should conduct technical and fundamental research on the asset you plan to trade before engaging in trade in any market.
Selecting the cost and length of your deal is the next stage. You must take the danger and likelihood into account when doing this. Based on how you handle your cards will assist you in reducing losses and increasing gains.
#6 Place the trade
After conducting a thorough market study, execute your trade. Doing this is pretty simple. Just complete the necessary fields on the order ticket. Depending on whether you want to make a market or limit order, click on the buy or sell option. Next, enter the desired numbers in the pricing and size tabs, then submit your order.
#7 Wait for the result
You don’t always make money by just waiting for your contract to end. This is why it’s important to periodically review your position to determine whether you should proceed or close down your deal.
(Risk Warning: Your capital can be at risk.)
What is a binary option?
A binary option, also known as an asset-or-nothing option, is a form of option where the payoff is set up to be either a predetermined sum of money if the contract expires in the market or nothing at all if it expires out of the money. A binary option’s success is, therefore, dependent on a yes-or-no statement, hence the name. When an option is binary, it immediately exercises, leaving the option holder with no choice but to either trade the underlying asset.
Is binary trading legal in Iran?
Binary options trading is entirely allowed in Iran. In reality, Malaysia, China, Japan, Indonesia, India, Singapore, and the Philippines all use it as a common method of generating income. But bear in mind that choosing a broker requires caution.
Payment methods for traders in Iran
- Bank transfers from domestic accounts. The best binary options brokers make this strategy available to all traders from Iran.
- Cards: Among traders, VISA, JCB, and MasterCard cards are widely utilized. With the proper authorization, they can be used to make deposits and withdrawals.
- In recent years, Iran has adopted more digital wallets. The international wallets from Skrill, Neteller, and WebMoney are used by traders.
- Cryptocurrencies: Any of the few cryptocurrency wallet providers that are Iran-based may be utilized for transactions if the offshore broker accepts deposits in Ethereum and Bitcoin.
How to make deposits and withdrawals?
How to deposit?
You must add money to the completed account before you can begin trading Binary Options. The majority of deposit procedures used by brokers are simple.
Simply click the “deposit funds” button to be taken to a webpage where you can select your preferred method and deposit amount. Frequently, the money will appear in your account’s wallet immediately.
The deposit method you select will, however, affect the timeline. For instance, the processing period for bank transfer deposits can range from a few minutes to several days. The funding tab on the broker’s website should include the timeframe. Get in touch with the broker’s customer care if it takes too long for your funds to appear on your account; they will help you.
How to withdraw?
We suggest that you utilize the same procedure that you did to deposit money into your account when you remove your winnings. The procedure is facilitated by this.
Simply click the “withdraw” button to be sent to the broker’s withdrawal form and complete the necessary information. Submit your request after completing the form. Your money may arrive in your account right away, or it may take a few days, depending on the method you use.
Pros and cons of Binary Options trading in Iran
- Payout of money – Since binaries are typically cash-settled, you won’t have to worry about being forced to sell your underlying asset position when it becomes necessary, unlike with standard options.
- Higher potential returns – If you think you have an insightful advantage, trading binary options in small period frames can produce better profits than trading ordinary options.
- Easy compared to forex – Although trading binary options could be challenging, it’s not as difficult as trading foreign exchange. You are aware of the contract’s conditions. You are aware of the option’s likelihood of success. There are approaches to leaving early. Tracking options are simple. Unlike foreign currencies, which can fluctuate drastically as a result of a significant
- Options expire – Contrary to assets, contracts for binary options include expiration dates, and if they are touch binaries, they may even be triggered out of existence. This necessitates that while trading binary options, you adopt a market view having a corresponding time horizon.
- No dividends – Dividends are neither paid nor received by stock-based binary option holders. For people who would typically have gotten dividend income from keeping the underlying stock, this may be negative.
Risks of binary options trading in Iran
Several websites offer the ability to trade binary options. Some may claim that all of these trading activities are risk-free and also that clients who suffer losses will be compensated by the corporation. On the other hand, these assertions are simply too good to be true since there is risk involved in all forms of investing and the majority of website disclaimers explicitly state that investors run the chance of losing their whole investment.
By modifying trading software to affect a binary option’s price and payout, scammers may target investors through websites that support binary options trading.
For instance, the duration of the option might be unilaterally prolonged if a transaction “wins” over the authorized period until the trade incurs a loss. The “brokers” may refuse to credit these customers’ binary options funds, cancel transactions, or ignore their emails and calls when they attempt to withdraw their initial investment or the promised return.
Always keep in mind the following:
- Professional traders hardly ever risk over 1% of their capital in one trade.
- Determine the amount of your stake prior to beginning each transaction.
- Choose a straightforward, round number and trade without effort rather than having to reassess your position after every small change in your account.
Conclusion : Binary Options trading is available in Iran
It can be challenging to select a Binary Options broker. Most investors merely invest right away in a broker they hardly even know. Before entrusting a potential broker with your hard-earned money, spend some time getting to them. When you begin your trading career, this is among the most crucial step you must take.
Frequently Asked Questions (FAQs) about Binary Options in Iran:
Is binary trading legal in Iran?
Yes, trading of binary options is allowed in Iran.
Is forex trading the same as binary options trading?
Although they differ in certain ways, they are similar. Compared to traditional forex, binary options are a fairly simple approach to trading the world’s markets (stock indices, currencies, commodities) and controlling risk. Traders only need to be aware of two possible outcomes: will the price increase or decrease? Before they start a deal, binary options traders are aware of the risk to their money, but there is still potential for significant profits.
What is the smallest transaction amount in binary trading?
The majority of options have a $5 to $10 minimum trade requirement. Some brokers offer a $1 minimum trade size; however, this is frequently only applicable to certain types of options.