IQ Option Robots Review ¦Safe Binary Auto Trading South Africa

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IQ Option Robot Review 2020

IQ Robots is now closed. Have you tried trading with IQ Option broker?

A broker name which is very well known among South African traders, IQ Option is a broker which always tries to give their registered traders new and exciting trading experience.

Bering in mind their minimum deposit is only $10 which makes it possible for South Africans from all walks of life to become binary options traders, IQ Option is a frequent choice.

Therefore, it is hardly a surprise that IQ Option should come up with yet another great trading feature? IQ Option Robots, an auto trading feature, is tailor-made software which stands apart from all the other, similar trading features available.

South African interested in this trading feature will be able to get all the basic info in our IQ Options Robots review.

How to Begin IQ Option Robots Experience?

As we set out to gather as much information is possible for our IQ Options Robots review, the first thing we were able to discover is that it was possible to set up IQ Option Robots account via existing account with IQ Option, which is great news for those registered traders.

The procedure wasn’t not much more complicated even for those South African traders which are new since all they have to do wass to use the Register button which can be found in the upper right-hand side of IQ Option trading platform.

An added benefit was also the fact traders could connect via social networks like Facebook or Google+.

As per usual, specific personal data also had to be submitted and that includes name and surname, email contact (address), traders’ password and, as the final step, traders needed to (via click) accept Terms & Conditions put forward by IQ Option.

The entire registration process was free of charge. Similar to what is available on IQ Option regular trading platform, South African traders were free to either first try out a demo account of immediately proceed to creating a Robot.

Demo accounts in general serve as a test run, or better yet, a stress-free trading environment for new traders who haven’t got experience in binary options trading. In the case of IQ Option Robots, South African traders were provided with $1000 virtual money on their demo account.

If they wished to forego the demo account and proceed further additional options are opened to them: use existing Robots created by other experienced traders, an option utilized for copy trading. Alternatively, South African traders could also create an altogether new IQ Option Robot using Wizard.

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General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose

IQ Option Robots Catalogue

In this IQ Option Robots review we also found out South African traders were able to select a Robot of their preference by simply clicking on the Robots Catalogue. Robots listed are those which generate most profit and South African traders could browse on the left side and select any of the special features offered.

Features, which could be located under Catalogue filter, offer option types, period and assets profit. When period is concerned, 24h, 7 days, 30 days, within month, 3 months, 6 months and 12 months are all options open to traders.

However, should South African traders feel unsatisfied with this selection, it was also possible to go for other distinct parameters in order to have an auto trading experience with IQ Options Robot which traders will find satisfactory.

Put Together New IQ Option Robots

IQ Option broker prepared for their registered traders possibility to create their own IQ Option Robots.

Our IQ Option Robots review showed how there were two options, one was for traders beginners, while other was for professional traders in binary options. In upper part of platform, South Africans can click on:

  • Wizard – for new traders
  • Constructor – for advanced traders

Option to have two different ways to trade with IQ Option Robots was a great way for all traders to use this Robot and earn more money, by selecting the best suitable option for them.

Minimum starting investment with IQ Option Robots was set to $1, whereas maximum payout was 85%, as we learnt for this IQ Option Robots review.

As we progressed in info collecting for our IQ Option review we have also discovered that registered traders had the possibility to put together IQ Option Robots according to their own wishes.

IQ Option broker went as far as to take into consideration the level of experience of their registered traders so there is one option which was more suitable for new traders – Wizard and another one, Constructor, for traders with plenty of binary option trading experience.

This was actually a fantastic way for both, new and advanced binary options traders, to reap the benefits of using IQ Option Robots auto trading feature and profit from it.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose

IQ Option Broker Review

IQ Option is a regulated and award-winning online broker that enables customers to trade a wide range of instruments and underlying assets. Operated by IQ Option Ltd, the licensed broker offers it services to traders across the world.

It is important to note that IQ Option is one of our top and most highly recommended brokers for investors in South Africa.

One of the most interesting things about IQ Option is their incredibly low minimum deposit. You can start trading with only $10 and get access to a proper live account.

Read our full review on one of the most famous brokers out there, or skip straight to the part you are interested in below:

*The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

IQ Option Trading Platform and Versatile Assets

While they originally started as a binary options broker, they quickly became a broker that has it all, from CFDs/Forex and Classic Options trading. This makes them one of the most versatile brokers for online trading. Basically, whichever instrument or underlying asset you can think of – they have it.

The minimum trade price is $1 for binary options and digital options, and $20 for forex and CFDs. The maximum option price is $5,000. If the trader wants to place multiple trades with a variety of instruments, it’s not a problem with IQ options’ platform. All they need to do is select the asset in the upper left corner and the instrument below.

Currently available instruments are:

  • Binary Options
  • Forex CFDs
  • Cryptocurrency CFDs
  • Classic options
  • Stock CFDs
  • FX options

With IQ Option, traders can place trade contracts and options based on numerous stocks, currencies, commodities and indices. There are more than 500 underlying assets, to be exact.

Specifically, there are currently 90 currency pairs available, including all the most popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, IOTA, Dash, Ethereum Classic, Monero, OmiseGo, Zcash or Santiment. Of course, these currencies also include EUR, USD, GBP, RUB, AUD, CAD, NZD and Yuan.

Tip: Check out what Twitter CEO Jack Dorsey recently said about Bitcoin and how you can properly trade Bitcoin CFDs at IQ Option.

IQ Option also recently expanded their asset collection by adding cannabis stock CFDs, which have become increasingly popular in the online trading market. Examples of marijuana stocks you can trade at the IQ Option are: Aurora Cannabis Inc, Canopy Growth Corp, Cronos Group Inc, GW Pharmaceuticals – Adr, Tilray Inc-Class 2 Common, Anheuser-Busch Inbev-Spn Adr, Etfmg Alternative Harvest and many more.

As for leverage, IQoption offers leverage on up to 20x for stock CFDs and FX trading of up to 1000x – known as the 1000x multiplier. IQ Option advises customers to use this tool only if they fully understand that higher leverage may mean higher returns, but can also result in higher losses.

IQ Option really is a one-stop-shop for online trading.

IQ Option Unique Trading Platform

Unlike so many other brokers in the industry, IQ Option uses its own software, the IQ Option platform, which they continue to update regularly.

The IQ Option platform is highly developed and entirely user-friendly, so all traders should be able to easily navigate through the site and trading room. This easy-to-use interface allows investors to trade in the office, at home or on the move through their mobile platform.

IQ Option is currently responsible for more than $11 billion worth of trades every month, so it has a proven track record of making trades as simple as possible.

One thing is certain: IQ Option offers the ultimate trading experience for everyone – no matter your experience.

How Do I Trade on the IQ Option Platform as a Beginner?

One thing that makes the IQ Option interface so easy to use is the fact that all of the trading instruments are available on exactly the same dashboard.

All you need to do is:

  1. Select an asset you want to trade
  2. Predict this asset’s direction
  3. Make an investment
  4. Close the position

Binary options trading is even easier, because the trades close themselves automatically when the expiry time has been reached.

Throughout this entire process, IQ Option offers many charts that display the most recent market trends, so users can make judgment calls with the most recent data at hand. There is also always the option to set your Stop Loss and Take Loss Profit — so there’s no need to constantly monitor trading positions.

For more details and a visual guide on how to trade with IQ Option, check out the video above.

In addition, their platform is multilingual and available in English, Italian, German, Russian, Spanish, Turkish, Portuguese, Chinese, French, Swedish, Korean, Arabic and Indonesian.

With the quality of their services and their up-to-date customer support, it shouldn’t come as a surprise why this broker is so popular among traders worldwide.

What are IQ Option Price Alerts?

To make your life easier, IQ Option recently added a brand-new feature to their trading platform: price alerts. Price alerts automatically notify you when an asset has reached the price level you want.

Part of being a successful trader is knowing when to act, in other words when to buy or sell an asset. No one wants to be glued to a screen staring at charts and financial market news all day. Thanks to IQ Option’s price alerts, all you need to do is set up an alert for the assets you want and IQ Option will automatically track them and send you a notification when the price you were waiting for is reached.

To set up an alert:

  1. Select an asset
  2. Click “Create alert”
  3. Set the price you want to be notified for

Getting Started – IQ Option Trading Accounts

Registration with IQ Option is completely free, and all South African traders can get started with a deposit as low as $10.

Even so, anyone can experience what this powerful trading platform has to offer without spending a penny, through their free demo account.

IQ Option Free Demo Account

All registered South African users have the option of trading with a free practice account, before depositing any money. This means beginners get to learn the basics of online trading entirely risk-free. Experienced traders, on the other hand, have the ability to fully test the IQ Option platform before investing any real money.

The IQ Option demo account gives South African traders $10,000 of virtual funds to practice with, which can be re-filled at any time.

Once investors have practiced and are ready to start trading for real, IQ Option offers two separate account types they can choose from: the Real Account and the VIP Account.

Real Account ($10 Minimum Deposit)

As mentioned before, South African investors can begin trading with IQ Option with the minimum amount of $10, which gives them full access to a Real Account and all trading instruments and services. The number of assets available are 500.

South African traders also have option to participate in different trading competitions and access their numerous trading tools.

All withdrawals can take up to 24 hours.

VIP Account ($3,000 Minimum Deposit)

In order to access the VIP Account, a minimum deposit of $3,000 is required.

In return, South African traders get VIP access to a variety of useful trading instruments and special features, such as:

  • Higher profitability rate (3% advantage)
  • Personal VIP account manager
  • Free tournament participation

IQ Option Education Resources

Trading global currencies can be a daunting prospect for beginners, but IQ Option has the education resources available so that even complete trading newbies can fully understand and be able to take advantage of all that IQ Option has to offer.

Besides their free practice account that is available to all South African registered users, IQ Option offers various video tutorials which allow investors to hone skills and master the mechanics of online trading.

One of the main reasons for the rising popularity of IQ Option among ordinary investors is also the community spirit it offers. If you are not sure or want to ask anything, you can always call upon support or get advice from industry professionals and fellow traders. The best part is that you can do this all directly through the IQ Option platform.

IQ Option Affiliate Program

Besides earning a spot as South Africa’s top online trading broker in our awards, IQ Option also has one of the best affiliate programs in online trading.

An affiliate program is for South African users who are not looking to trade with IQ Option themselves – but partner with them. As an IQ Option affiliate, you have the opportunity to earn up to 70% of profit by promoting the award-winning broker on your blog or website.

All you need to do is:

  1. Join the IQ Option affiliate program
  2. Get your own affiliate link
  3. Post this link on your blog or website as an ad
  4. Earn up to 70% of commission when a user clicks on your link and starts trading with IQ Option

Your earnings will then be transferred twice a month via your preferred payment method.

For more details on the IQ Option affiliate program and how to make up to 70% of profit, read our IQ Option affiliate program review.

How to Contact IQ Option

The customer support team at IQ Option is available 24/7 through email ([email protected]), phone or online web form.

Unfortunately, there is no South African number available, but we listed the numbers that did find on their website below.

IQ Option also offers a live chat, which is available for all South African users on their platform.

IQ Option Deposit and Withdrawal Methods

IQ Option takes the security of all its traders very seriously and presents no difficulty throughout the deposit and withdrawal process – which many traders already know can be a frustrating common practice when it comes to other brokers.

With IQ Option, the estimated time of withdrawal is one business day. The minimum withdrawal amount is $2, due to commissions. IQ Option offers deposits in South African Rand, as well as many other currencies. Check out the table for more information on minimum deposits.

By trading in South African Rand, you can easily avoid those pesky conversion rates!

As for deposit methods, South African traders can use different payment options, including:

  • Debit (Maestro and Visa Electron)
  • Credit cards (Mastercard and Visa)
  • Bank wire
  • e-wallets (Skrill Moneybookers, QIWI, WebMoney, iDeal, Neteller, FasaPay, Boleto and CashU)

Their entire payment procedure for South African users is explained in detail on their site, which is very important because it is an immediate indicator of a transparent business.

Is IQ Option a Scam?

The question of whether IQ Option is a scam can be found through various traders who have commonly been scammed by other companies and are afraid to invest their money again.

The truth is that IQ Option is one of the best choices of regulated brokers out there and has won awards for their innovation, regulation and success. This broker is fully licensed, which means that they completely follow all regulations and practices that ensure trader’s protection – which they in turn take very seriously.

In addition, they have a fast-growing online trading platform that caters to absolutely anyone.

Don’t believe us? Let the numbers speak for themselves:

IQ Option is home to more than 20 million active traders worldwide. The IQ Option platform processes around 3 million transactions per day, while the money withdrawn by IQ Option traders every month has risen from $500,000 in 2020 to $5.7 million by the end of 2020.

The fact is we have received no complaints regarding this broker, so we can confidently say that IQ Option is not a scam. South African investors can trade in peace knowing that they are trading with one the most famous licensed brokers worldwide.

IQ Option Robot

IQ Robots is closed. Try trading manually on IQ Option platform instead.

As one of the most popular binary options on the binary options market, IQ Option is prompt and efficient when it comes implementing innovations.

They have proved this with their new 4.0 trading platform.

However, another novelty comes in the form of IQ Option robot or, as is better known, IQ Robots.

What South African traders get when selecting to trade with IQ Option robot is a sophisticated software in the form of an algorithm.

The algorithm makes use of mathematical and other relevant data in order to make cold calculations devoid of usual emotional factors.

With IQ Option, robot is free as IQ Option does not charge any fees for registration, creating or usage. If traders already have an IQ Option account, they can use it to create the account for IQ Option Robot as well.

As is the case with their regular trading platform, South Africans can also opt to first use IQ Robots demo account.

The benefit of opting to use IQ Option Robot is not just in the fact that traders are free to either create a completely new robot, but they can use the one already created by other traders which is an option used for copy trading.

If they choose to create their own, level of their experience is taken into account and they can either use a Wizard (for beginners) or Constructor (for professionals) in order to create a robot according to their own specifications.

South African traders also have the opportunity to test the robot they have created and change it if there are not happy with something and that can greatly improve the trading performance.

IQ Option Login Process

It hardly comes as a surprise that IQ Option login is a simple and straightforward matter which can be done in a matter of minutes.

In order to initialize the process, South African traders have to first sign up.

A simple window will appear the moment they click the sign up icon where they will be asked to submit their first and last name, email and password.

They will also have accept the terms and conditions in order to complete IQ Option login.

Once this is finalized traders will be able to proceed and make deposit, which with IQ Option is set at only $10, and start trading.

For every consequent IQ Option login, all they need to do is select the log in button and then type in their email and password which will provide them access to their account.

This simple registration and login process points that their innovative platform, though modern, provides a simple but at the same time advanced and efficient trading journey.

With various tools such as mobile trading app and various support lines as well as superb indicators, traders are given the best of modern technology and trading-savvy approach.

Bearing in mind, IQ Option uses SSL technology to protect the privacy of their traders, all info given seem legit.

IQ Option Download Options

With a fantastic blend of WebGL technology and efficiency, IQ Option’s new version of trading platform allows traders to experience the most of binary options trading.

IQ Option download is not necessary as all those South African traders who wish to trade with this regulated broker can do so online. Their enhanced 4.0 trading platform can simply be opened in a web browser and IQ Option download is not needed.

The new platform allows traders to open up to 9 charts at once, they can resize them and move them around.

The speed of the platform is 5x what it used to be, and the smallest price changes are visible in charts in seconds!

On the other hand, South African traders can also opt to use the added benefit of trading with this broker and actually execute the IQ Option download and install it on their computers if that adds to their feeling of safety.

With the changes introduced on their new platform, they have also optimized trading terminals for Mac and Windows which now work seamlessly thanks to the OpenGI technology which is implemented on their unique cross-platform architecture.

IQ Options download is also applicable when it comes to their mobile trading app as well, for those South Africans who wish to trade on the go.

IQ Option Tips for Successful Trading

IQ Option, which is a regulated broker, could prove to be an interesting trading choice for millions of people around the world which includes South African traders as well.

IQ Option tips and tricks for successful trading include following market news and understanding the nature of assets South Africans wish to trade. Knowing these two factors can make a huge difference in trading choices being made.

Since this broker is known for keeping up with novelties concerning binary options trading, another one of IQ Options tips for trading is also to use their fantastic demo account in order to practice and gain more experience before the actual trade on real account takes place.

IQ Option tips most definitely include South African traders using the benefit of their mobile app which is easy to download and use.

This provides traders with an opportunity to trade no matter what their location is.

Considering the advanced WebGL and OpenGI technologies which have been incorporated on their platform, South African traders can truly experience a whole new level of trading.

Fantastic tools such as Fibonacci lines and Trend lines as well as with sophisticated indicators like Parabolic Sar, Stochastic Oscillator and Awesome Oscillator are now available to be used in order to secure better trades.

Together with some of the lowest minimum deposits in the industry which is set at only $10, IQ Option is a broker which keeps getting better and better.

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