Many traders ask: Is IQ Option available for Australian traders?
IQ Option is an amazing binary options broker. It has many features that other brokers don’t have. Their trading platform is top notch and the minimum deposit is very low. The broker is licensed by Cysec, Cyprus and accepts most countries from Europe.
The only problem is that if you are from Australia you are no longer accepted to trade on IQ Option.
Why Are Australians Not Accepted?
Aussie traders can only trade on ASIC regulated binary options brokers (exception: Finpari and Binarymate also accept Australians however these are not ASIC regulated). Take a look at our homepage for the full list of brokers that accept Australians.
IQ Option Review
As said IQ Option is a great broker. Non-Australian traders can check it out here. Australian traders may be able to open a free demo account.
Real money accounts are not available for Australian traders.
The VIP account is for the high rollers out there who want to take some risks and trade for high returns. The initial required deposit to open a VIP account with IQoption is $1000 or more. There is a 60% cashback bonus on the first trade depending on the invested amount.
VIP webinars are conducted separately from the regular ones, and the trading signal platform is given free. There is a 100% bonus for signup and for every deposit thereafter, the bonus goes up to 100%. Withdrawals are expedited as well, and a personal manager for the trading account is assigned. Monthly analyst meetings are conducted for VIP members too.
Trading Platform Review
The platform that is used by the broker is very innovative and appealing indeed. It is very easy to use and there isn’t a learning curve for the platform. A demo account is available if the trader wants to practice their strategies before investing real money. It is one of the best platforms out there, with clear menus, zoom features and custom layout options available.
The design of the platform means that it is a lot easier to place trades on the site. The minimum amount for a trade is $1 and the maximum is $1000. This allows for traders to control the amount of risk they are taking with each trade.