Founded
2013
Minimum Deposit
$10
Leverage
Up to 1:500
Platforms
IQ Option Trading Platform
Clients
40M+
Support
24/7
Regulation
CySEC
IQ Option is one of the top brokers in the UAE when it comes to options trading. The broker was founded in 2013 and has grown into one of the world’s largest with over 48 million registered clients.
IQ Option is based in Cyprus and is regulated by CySEC, however clients based in the UAE are welcome and able to sign up to IQ Option.
IQ Option has some very strong points for UAE traders, including low spreads, fast order execution, and 24/7 customer support. We recommend this broker for traders of all levels, including beginners just starting out, and advanced looking for a new trading experience.
IQ Option’s main selling point is the ability to trade options on the platform, and while they also offer CFDs in the UAE, their range of assets is quite limited.
With IQ Option, clients in the UAE can choose from 100+ different tradable assets. While IQ Option is most known for offering digital options, clients can also trade CFD’s on stocks, forex, commodities, ETF’s and cryptocurrencies.
Here’s a detailed look at what you can trade on IQ Option in the UAE.
🔺 Options – IQ Option is one of the best online brokers for trading options. Clients in the UAE can access over 55 different options across all the major markets.
🔺 Digital options – Digital options allow traders to speculate on the price movement of a particular instrument. Traders will only lose as much as they have invested, and they can exit the market if they feel their losses are too much.
🔺 Forex – IQ Option offers 50 forex pairs to trade, including the most popular major and minor pairs.
🔺 CFDs – Traders in Dubai and the UAE can access 170+ stock CFDs, 24 ETF CFDs and 12 cryptocurrency CFDs.
IQ Option is known for offering low spreads and commissions to clients, ensuring some of the most optimal conditions for traders. IQ Option clients in the UAE will find low spreads from 0.6 pips and commission free trading depending on the account selected.
IQ Option also charges a small 2% fee for withdrawals and an inactivity fee of $10 per month after 90 days of inactivity.
UAE clients can deposit funds into their IQ Options account via the following methods:
Deposits are processed instantly and free of charge. Only bank transfers will take 3-5 days to process and may come with additional fees.
The minimum deposit amount for IQ Option clients in the UAE is $10 (37 AED). This is a great small deposit size for new traders that are starting out in Dubai and the rest of the UAE.
IQ Option processes withdrawals automatically and smoothly. Withdrawals via debit/credit cards may take 1-3 business days depending on the bank’s processing time. Other methods will take less than 1 day to process.
There is a low minimum withdrawal amount of $2 (8 AED) with a 2% commission charge after the first withdrawal. This is low, but still not as competitive as other brokers that charge zero withdrawal fees.
Note that UAE clients must verify their accounts before they are able to withdraw funds.
IQ Option offers the following accounts to traders in the UAE.
🔺 Demo account – A practice account that doesn’t use real funds. This option allows IQ Option clients in the UAE to test the waters before investing with real money.
🔺 Standard account – This is the most common account type for clients in the UAE. It allows trading on 300+ CFDs and options, along with fast withdrawals and 24/7 customer support. The minimum deposit with this account is $10.
🔺 VIP account – This account is for professional traders with higher trading volumes. While this account comes with lower spreads, a personal account manager and monthly trading reports, it also comes with high deposit amounts and the requirement of having a significant trading volume.
🔺 Islamic account – IQ Option offers its UAE clients the option to open a swap-free (Islamic) account which can be done via the IQ Option website or by contacting the customer support. This account wipes all interest fees when holding trading positions overnight.
We found IQ Option’s trading platform to be highly intuitive and easy to use. While it offers advanced charts and analysis tools for traders, the platform is very user-friendly.
The platform is available to trade on mobile and desktop, and is available in 15 languages.
UAE clients can find options, forex and CFDs in stocks, crypto, commodities and ETFs all available to trade inside one platform. Key features of the platform include stock screeners, volatility alerts, market overviews and an economic calendar.
Another key advantage when trading with IQ Option is weekend trading available on selected currencies, so you can literally trade anytime, even when the major markets are closed.
Overall, IQ Option offers its clients in the UAE and worldwide some of the best educational resources in the industry. Clients can access educational videos, eBooks, webinars and trading tutorials available in 17 languages.
All educational materials are free for clients and are extremely helpful for new traders.
IQ Option also offers a great newsfeed on their website, bringing traders the most important and latest market news from a number of different reliable sources.
IQ Option is known to be a safe and secure broker, being regulated and licenced by CySEC and serving its global client base with strict regulatory oversight.
At present, IQ Option is not locally regulated in the UAE.
While IQ Option does not have a local office in Dubai, the broker is able to support clients 24/7 through live chat, email and telephone. VIP traders will even have access to their own personal account manager.
Overall, IQ Option is a trustworthy broker for UAE traders, and is recommended mainly for people looking to trade options.
The broker stands out as the best options broker due to its large offering of binary and digital options, low spreads, 24/7 support, low minimum deposit and user-friendly platform – making this broker a great choice for beginner option traders in the UAE.
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