Last Updated: January 28, 2022
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Source: Twitter. IQ Option Official. Retrieved from Twitter. (Accessed 3 January 2022): https://twitter.com/iqoption |
Forex brokers play an important role in your Forex trading journey, it could be because some brokers would do something "behind the scenes" to your account especially if you are opening a big position in the Forex market. They could be doing stop hunting or other things as well to make your position fail to achieve what you first desire.
A lot of you may have struggled with for searching a Forex broker or you are new to Forex trading and you want a broker that offers you a simple user interface as well as avoid "behind the scenes" of what some brokers will do to your account. If you are, then, I have a suggestion for you to use this broker that I have been using since 2018 and my account still survives in that broker.
IQ Option
Well, IQ Option, so far, at least for me is the broker that I favor among other Forex brokers as the user interface is so easy to read even for beginners. I know that some of you may doubt this Forex broker as it does not only contain Forex trading but also other instruments as well such as trading in Stock, Commodity, Cryptocurrency, etc. However, because I have been using this broker since 2018, chances are small that this broker would do something "funny" to your account.
Why IQ Option?
Under the CYSEC (Cyprus Securities and Exchange Commission) regulation which you could see from its website (CYSEC), IQ Option was registered with its name as IQOption Europe Ltd. This means that this broker already has safety regulations that regulate the broker in case there is something wrong with the broker.
The Regulation For Foreign Traders Out Of The European Union Area
On the website of CYSEC (CYSEC), it is stated that third countries and people who use IQ Option service that is not originally from European Union are regulated by its local regulation of Bahamas, Saint Vincent and the Grenadines, Seychelles. Even though the regulation is in the Bahamas, Saint Vincent, and the Grenadines, Seychelles. Still, the mother company of IQ Option which is placed in Cyprus is regulated by CYSEC which means IQ Option in my point of view would not want its name to be tainted and still will comply with the need of users outside the European Union. This could be seen that I am based in Indonesia but my account is still available for me to access.
Proof That I Have Been Using IQ Option Since 2018
Below is the image that will become solid proof stating that I have been using IQ Option Since 2018.
Conclusion
If you want to use the same broker as I am, then, do it at your own risk as you have to take responsibility for your account and use the money you can afford to lose because I do not know how the future of IQ Option would become. However, at the current time as I am still using it and able to withdraw my money makes this broker is still legit for me. If you are interested in this broker, you could sign up to the main page of IQ Option by searching it with Google. Oh yeah one more thing, I suggest you avoid Binary Options as the risk to reward ratio does not make sense plus in my opinion, it is similar to gambling rather than trading (You have been warned!).
Written by Andre I.
References
CYSEC. IQOption Europe Ltd. Retrieved from CYSEC (Cyprus Securities and Exchange Commission). (Accessed 2 January 2022): https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/40647/
Twitter. IQ Option Official. Retrieved from Twitter. (Accessed 3 January 2022): https://twitter.com/iqoption