Founded
2013
Minimum Deposit
$10
Leverage
Up to 1:500
Platforms
IQ Option Trading Platform
Clients
40M+
Support
24/7
Regulation
CySEC
This is our professional review of the popular online trading broker, IQ Option, for traders and investors in the UAE. This review takes a detailed look at one of the UAE’s most well known brokers, comparing them with others in the industry. We look at specific aspects like IQ Option’s platform, tradable instruments, regulations and features, and whether this broker is the right one for you.
IQ Option is probably the number one broker 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.
We find that 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.
(Digital options are a type of financial derivatives like CFDs, but unlike Contracts For Difference, digital options enable traders to speculate on the short-term price movements of different assets.) Learn more
Here’s a detailed look at what you can trade on IQ Option in the UAE.
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.
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 a safe and secure broker, being regulated and licenced by CySEC and serving its global client base with strict regulatory oversight.
However, IQ Option is not licensed by a specific regulatory body in the UAE, however this does not mean that clients in the UAE cannot trade with them. In fact IQ Option states clearly on their website that their platform is available for traders in the United Arab Emirates.
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.
Our tests on IQ Option’s help team showed that the customer support was professional and helpful in resolving our issues.
Overall, IQ Option is an excellent, safe and 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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