Is IQ Option A Legal Broker In The Philippines?
Posted by Zayne25 on July 6th, 2019
Many traders are attracted to binary options trading because of its encouraging money-making potential. Its simplicity also led and influenced many traders in the financial markets. One of its most famous trading platforms is IQ Option. If you’re a trader in the Philippines and are planning to use this online broker, you might be interested to know how what is IQ Option and its legality in the Philippines.
IQ Option is one of the most reliable and fastest growing online trading brands in most Asian countries, including the Philippines, and all over the world. First established in 2013, IQ Option has grown massively, and now has over 25 million members and counting!
Voted the best mobile trading platform, IQ option developed their own bespoke trading platform and variety of instruments in order to provide clients with access to financial markets and online trading. It can be of the interest to both experienced and even new traders in the Philippines.
Like many competitors, IQ Option offers a demo account and it stands out because there is no limit on how long you can use the demo account. That allows you to get truly comfortable with your trading techniques. It also allows you to test new trading strategies in the future.
Yes, it is perfectly legal in the Philippines as long as you adhere to the tax laws. Whether it is safe or not it depends on the reliability and security of your broker.
There are many advantages to IQ Option. You’ll be dealing with a known legal entity that is regulated and licensed by the Cyprus Securities and Exchange Commission. It has one of the easiest and user-friendly trading app and world-class customer support.
IQ Option is also based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.
When it comes to selecting the right broker, just be advised that you stay well clear. Do not invest your money with a broker unless they are regulated and have approved licensing. You need to make sure that you choose a legitimate and licensed broker.
Therefore, IQ Option Philippines can be recommended to the Filipino traders that appreciate safety and reliability. This is a broker which values its clients very much and will give excellent service to them. They are absolutely trustworthy and safe, have a lot of experience and offer some very unique features. You are able to test them completely, thanks to their demo account with no limitations and the support team who is quick to respond through all the usual means of communication. Both beginner traders and the more experienced ones are sure to find something that suits them and if you are looking for a new broker, IQ Option is certainly a great choice.
Always remember that with trading, you should know the risks beforehand because these are unpredictable markets where it is completely possible to lose a large amount of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you cannot afford to lose.Also See: Iq Option, Online Trading, Demo Account, Trading Platform, Trading, Philippines, Option
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