IS IQ OPTION LEGAL IN BRAZIL? – REVIEW
Is IQ Option legal in Brasil or not? – Find out on this page. In the following section, I will show you how it works to trade legal Binary Options on the broker IQ Option. Are there restrictions for Brasil Traders and how does it work to trade safe Binary Options? With more than 5 years of experience in the financial markets, you will get the best information on this page.
Is it legal to trade Binary Options with IQ Option in Brazil?
Due to my research, it is completely legal to trade with IQ Option in Brasil. The most traded financial product is Binary Options. This is betting on rising or falling markets in order to get a high return. IQ Option is a European company which accepts international customers. It is fully legal and safe for Brasil Traders to do financial transactions on the platform.
(5 / 5)
80 – 95%+
IS IQ OPTION A LEGAL COMPANY IN BRASIL?
IQ Option is a well-known broker for Binary Options. In addition, you can trade more than 500 markets and 10 different financial products on the platform. The company was founded in 2013 and work with a million different traders together. The headquarters is in Cyprus (European Union) and the broker got a financial regulation and license through the CySec.
The broker accepts international customers and traders. Furthermore, there is service support 24/7 in more than 20 different languages. For Brasil, IQ Option provides English and Spanish support. Brasil Traders can deposit and withdrawal money with local and electronic payment methods on the platform.
From my experience, the platform is very user-friendly and also customizable. Trade Binary Options, Forex, CFDs, Stocks, Commodities, and Crypto on one platform for any device. Another huge advantage of IQ Option is that the broker offers a free demo account with 10.000$ of virtual money. Beginners can try the platform for free. The minimum deposit is only 10$ and Brasil Traders can start by an investment of 1$ in each trade.
In conclusion IQ Option is a legal company for Brasil Traders. The broker got different regulations and licenses in the European Union. It is a very big company with millions of customers international. There is no scam or fraud for traders.
The advantages of IQ Option:
- Regulated company based in Europe
- Free demo account for practicing the platform
- Trade more than 500 different Markets on one platform
- High yields up to 95% for Binary Options
- Support in more than 20 languages
- Minimum deposit of 10$
- Available for any device
- No hidden fees for traders
How to deposit and withdrawal in Brasil?
As mentioned before, Brasil Traders can start trading with real money on the platform by only deposit 10$. This is the minimum deposit and the minimum investment for one trade is 1$. The small deposit amount is a good advantage for beginners for traders who want to try their first real money trades. Also, it is possible to with higher amounts. There are no restrictions for your trading.
IQ Option is using European Banks for customer funds. Different payment methods are available for deposit and withdrawal your earnings. Traders can use electronic methods for a direct deposit to the trading account. There are no fees for the deposit and withdrawal.
From my experience, the broker does the withdrawal within a maximum of 3 working days. It is easy to manage the transactions in the platform. Just click on deposit or withdrawal and you can do your transaction.
The following payment methods are available for Brasil Traders:
- Credit Card (Master, Visa)
- Web Money
- AstroPay Card
Binary Options step by step guide:
Binary Options is the most interesting financial product for traders because it is possible to get a huge return in a limited amount of time. Often Binary Options are used for short-term trading. In the following section, I will exactly tell you how to trade on the IQ Option platform.
Binary Options is betting on rising and falling markets. Traders can invest in Call (up) and Put (down) Binary Options. More than 100 different markets are available for this financial product. There are only 2 outcomes of the trade. Whether the invested money is lost or the broker pays out a high return of investment up to 95%. The yield is always depending on the time horizon and market.
First of all, it is very simple to trade Binary Options. You will see in the following video an example. Traders have to make a forecast of the future market movement. Then they choose an investment amount and the expiry time. After the expiry time, the markets have to be above or under the entry point for a winning trade.
Step by step guide:
- Choose a market on the IQ Option platform
- Make a future forecast for the market price
- You can use free chart- and analysis tools
- Choose an expiry time for the trade
- Choose an investment amount
- Start trading on rising or falling markets
- Wait for the end of the trade
- Get your profit if you did the right forecast of the movement
Free Demo Account for getting practice
IQ Option offers a free and unlimited demo account for every trader. With one click it is possible to change between virtual and real money. The demo account is the best way to practice trading on the platform. I recommend for beginners to use the account till they make their first profits. In the demo account, traders can learn new strategies and try out new markets. Especially advanced traders use this account for learning new strategies.
Attention before you choose the expiry time
A lot of traders lose money because they do not know what they are really doing. After that, they often claim the broker for their losses. For successful traders, it is important to get knowledge and do good preparation before trading.
From my experience, the expiry time has a major impact on success. Longer time horizons are better to trade than the shorter ones. Most traders like it to trade 60-second trades. It is very fast and very risky. You need more concentration and practice for trading such short-term trades. I recommend for beginners to start with long-term traders.
Support and Service for Brasil Traders
Which type of service Brazil Traders can expect from the broker IQ Option? – The company offers a 24 hour 7 times per week service and support in different languages. There are 3 types of support for Brazil Traders. The customer can contact the broker via phone, email or chat. I recommend using the chat function because it is the fastest way to get help.
In the platform you clearly see the support buttons. With one click you can join the support service. Additionally, it is possible to chat with other international traders. From my experience, the service is very good. Brazil Traders who deposit more than 3000$ will get a VIP account for higher yields and better customer support. IQ Option is offering account managers.
Furthermore, beginners get one of the best services on the platform. There are more than 100 different videos about how to trade and financial products. Also, traders can learn new strategies easy through video tutorials.
- Support 24/7 every day
- Support in more than 20 different languages
- Phone, Email, and Chat
- Chat with other traders
- More than 100 different videos about trading and the platform
- VIP Service for higher deposits (3000$+)
Trading fees on the IQ Option platform
First of all, there are no fees for money transactions like deposit or withdrawal. Sometimes it depends on the payment system but IQ Option is not charging any fees.
For Binary Options Trading there are also no fees in trading. This is an advantage for all traders. In the other financial products, traders have to pay a spread fee in every trade. You can see the fees very transparent before you open a new position. In conclusion, the trading on the IQ Option Platform is very cheap and there are only a few fees.
Conclusion: IQ Option is legal in Brasil
There are no restrictions for Brasil Traders to invest in Binary Options. It is a legal finance product with limited risk. IQ Option is one of the best brokers to trade Binary Options. The broker offers a huge range of different options and markets. Also, the return of investment is very high compared to other brokers.
Finally, IQ Option is not a scam broker. It is one of the trusted companies in Europe. Furthermore, the company got different regulations and licenses for financial instruments. You can try the platform for free and start with only 10$ real money. The conditions are at its best for Brazil Traders.
IQ Options offers a 27/4 support and service for Brasil Traders. If you got a question you can easily contact them with less than 2 clicks. In conclusion, I have to say, that this broker is very recommendable for trading Binary Options.
- Trusted and regulated European Broker
- Try it for free in the demo account
- Only 10$ minimum deposit
- The high return of investment 80 – 95%
- Support 24/7
- Brasil Traders are welcome