IQ Option Botswana

IQ Option Botswana

IQ Option in Botswana is an online trading provider founded in 2013 and operated by IQ Option L.T.D. This product has been rated as the number 1 trading platform for service and quality. IQ Option claims that the number of new traders on the IQ Option Botswana platform has been growing every year since its launch in 2013. And as of August 2019, it has about 43 million active traders. IQ Option complies with CySEC and E.U. regulators to operate in the European Union.

However, it approve users from other countries while operating as IQOPTION LTD, Registration No. 24840 IBC 2018. Address: Kingstown, Hinds Building, St. Vincent, and Grenadines. Under the IQ Alternative Policy, clients’ funds are stored in European banks. Traders can try out all the features of IQ Option and its platform in one free demo account. The demo account is risk free and comes without any obligation to deposit any money. The trader can choose to deposit if he deems it appropriate to trade in a live account.

IQ Option offers its clients three types of trading account types listed below

• Demo Account
• Real Account
• V.I.P Account

Demo Account

IQ Option offers a $ 10,000 USD demo account for their novice and experienced traders. You can practice your techniques over and over again, applying money management, testing features and other tools offered by this platform without any percentage risk from your real money.

Real Account

IQ Option offers its users default account for real trading. The traders can trade with real money and generate profits and can withdraw the profits made. The traders can simply deposit at least $10 to their account to get this Standard Real Account and start trading.

V.I.P. Account

IQ Option gives the V.I.P. status to the traders who make a deposit of over 3,000$. The V.I.P. traders have multiple advantages over the Standard account (Real Account). V.I.P. account provides the client with the following advantages:

• Training Session via phone call by the expert of trading.
• Education PDF Books made by experts.
• Personal Account manager to solve users query as fast as possible.
• Free access to tournaments without any cost and real prize reward.
• Getting High payout rate than normal account.

Fund Deposit and Withdrawal

Deposit

IQ Option offers its clients a minimum amount of deposit that is 10$ USD, E.U.R., GBP and a maximum deposit of $100,000 in a day (depends on client deposit currency). It instantly updates the account balance without any commission or hidden fees applied to the transaction.

Withdrawal

 IQ Option doesn’t have any limit or minimum withdrawal amount once the client request it, the withdrawal process is under 1-3 business days in working hours ( Monday – Friday). The client will not be able to withdraw in week-ends. V.I.P. Status client withdrawals are processed under 4 hours after the request.

UPDATE: In August 2019 IQ Option made the withdrawal process instantly to the e-wallets even in weekends – the client can only withdraw the same amount deposited to benefit from this exclusive feature.

IQ Option Botswana – Payment Methods

IQ Option in Botswana offers multiple payment methods that make it easy for the clients to deposit funds. The trader can use the listed payments options to fund/withdraw money:

1. Bank Card: Visa or MasterCard Accepted (3D Required)
2. E-Wallet: Skrill, Neteller, Advcash, Webmoney
3. Cryptocurrency: Bitcoin (1- 12 hours)
4. Bank Transfer: Wire Transfer (Not Recommended – Due to late loading balance to account 3-5 Business Days)

Please note that the traders who deposit with Visa or MasterCard can only withdraw the amount deposited with their cards. The profits can be withdrawn to e-wallet accounts. For example, you made a deposit of 100$ with your bank card and you have made 30$ USD of profits, you can only withdraw 100$ to your card and it will appear as Refund from (IQ OPTION LTD * XXXX), and the $30 profit can be transferred to the selected e-wallet.

Is IQ Option legal in Botswana?

Yes, it is legal to trade Binary Options in Botswana with IQ Option. IQ Option is one of the most reliable brokers for Binary Options trading. You must adhere to local regulatory changes to stay compliant with regulations of your country, which may change from time to time.

IQ Option Botswana – Safety and Regulation

IQ Option is a Forex broker operating under the license of the Cyprus Securities and Exchange Commission (CySEC). To qualify and maintain the license, it has been able to reach and continue to meet the minimal requirements and risk warnings for being eligible for the CySEC License. All these requirements include trading commodities, trader funds, and marketing restrictions.

Due to various CySEC rules and regulations, all traders’ funds are kept in isolated accounts where IQ Option can’t reach for any issues relevant to the business.

In the case of deposits, the CySEC license also provides a level of insurance, which oversees all investments made with the IQ option as a contingency plan as a risk precaution for traders to consider.

In addition to the Traders Fund Separation Accounting Act, the IQ Option provides a variety of security regulations in addition to CySEC. For example, the brokerage firm has full SSL encryption, allowing all communications between traders to be secured and encrypted on the broker’s server. This encryption prevents hackers from accessing information or traders accessing funds or personal information.

Despite being a growing brokerage firm, the domain and all financial rights are registered with IQ Option Ltd in Seychelles; It is an imperfection because the Seychelles domain is known as a hub for offshore brokerage firms.

Pros

• Full SSL encryption
• Client funds stored in segregated accounts
• Regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the top-tier financial regulators
• Provides investor protection

Cons

• It does not offer negative balance protection

IQ Option Botswana – Who is IQ OPTION?

IQ Option has come a long way in gaining significant popularity today. They were founded in 2013. They started as a simple and small trading service provider and continued to grow higher and higher until they became one of the best acclaimed online trading brokers worldwide. In addition, they currently have 48,091,542 trading users from 213 countries around the world. Estimates of daily transactions from their active users are 1,338,793. This means that there are 55,000+ transactions per hour from their active users.

IQ Option Affiliate program

IQ Option provides an affiliate program for traders who want to increase their income further; The program allows traders to make a profit by encouraging others to trade with the IQ Option platform. If traders decide to join the affiliate program, you only need to share your affiliate link. When another user signs up with the IQ Option through the traders link, it will be associated with your unique ID.

Traders who sign up with your link will receive your reward when they start trading on the IQ Option platform. A trader profit depends on the client’s trading activity, where you can earn about 79% of the user’s profit. The affiliate program is a Unique and complete program, and earnings are paid bi-monthly. According to the IQ Option, there are 115,410 affiliates in 178 countries.

Account Verification

IQ Option asks clients after signup to fulfill the requested information listed below:

• Phone Verification: Traders will receive SMS code to valid he is the owner of the phone to receive calls in the future.
• Email: The Traders must submit a valid email to verify it (routine verification).
• Personal Information: Traders must provide valid information about Name, Surname, Country, and Address.
• Bank Card Verification: if the traders used his bank card to deposit, he must provide a scanned copy of the card for verification.

IQ Option Botswana – Identity Verification

IQ Option Require identity verification for every client on the first withdrawal (1 Time verification) with a valid identity document listed below:

• Valid Passport ( High Resolution Required and not Expired )
• Valid Identity Card: Driver License or National identity card (Must be in Latin words)

Desktop and Web Trading Platform

With the IQ Option, the web platform is straightforward to use and well designed. You’ll find that search functions are easy to navigate, and you won’t have any problems submitting orders. The types of orders on the web trading platform are the five types mentioned above, which are also available in the mobile/phone application.

One thing that has surprised the traders is the educational resources available on the trading platform, where you can watch introductory videos on how to use the trading platform.

The desktop platform and the web trading platform have the same features, except that the desktop trading platform is a plug-in extension, and the web platform is through the website.

Overall, IQ Option’s web trading platform is impressive and has won several awards for its unique features and well-planned layout.

IQ Option Botswana – Mobile Trading Platform

With the IQ option, you have the option to download their mobile application to your device so you can trade on the go. In addition, you will find that the mobile application has charting tools available on web trading platforms.

You can use all the order types mentioned in the mobile application and set alerts on your device. Notifications and Alerts will let you know if a price has changed when your price has reached its target and will keep you updated on any significant relevant events.

Overall, the IQ Option trading platform has hailed as a breakthrough because of its many rewards for mobile applications. In addition, traders have consistently praised the ongoing efforts of Traders to provide space with a user-friendly and easy-to-navigate structure.

IQ Option Botswana – Conclusion

In conclusion, IQ Option is a secure and regulated broker that will care for the trader’s personal information and funds. Unlike most brokers, IQ Option is a trusted broker that offers many features and components. And, It is regulated by the Cyprus Securities and Exchange Commission, one of its best financial regulators. Following CySEC regulations, they must store all client funds in separate accounts and provide full SSL encryption to secure client funds. In addition, IQ Option offers various trading instruments, including binary options, which are not available at most brokers.

There are two types of trading accounts: real accounts and VIP accounts, which can be simulated through unlimited demo accounts. Traders will use the demo account indefinitely to access the 10,000USD Virtual Fund. IQ Option offers traders only one trading platform, which is their in-house trading platform. It has a web trading and desktop trading platform and a mobile application. There are many options for depositing and withdrawing funds, including electronic wallets. You will not charge any deposit and withdrawal fees, and you will only need to pay a minimum deposit of ten dollars to deposit funds into your account.