How to Trade Binary Options with IQ Option In Pakistan

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

How to Trade Binary Options with IQ Option In Pakistan?

Binary Options are an interesting trading instrument that has gained massive popularity among Pakistani traders. It has quickly become one of the most sought-after trading instruments, gaining the attention of the new generation of traders in the country. Though often surrounded by controversies, Binary Options are a preferred choice for traders looking to diversify their portfolios and earn a good profit in a short span of time.

Enthusiastic traders in Pakistan are often bothered about the legal status of Binary Options trading in Pakistan, IQ Option broker, and the rules and regulations surrounding it.

Let us explain to you all these things about binary options in Pakistan – in our complex article.

Like most countries across the globe, Binary Options trading is legal in Pakistan. The trade of the instrument has been legalized by the Securities and Exchange Commission of Pakistan (SECP). However, no financial institutions in Pakistan have regulated trade in the country.

Like all unregulated financial transactions, the risk of fraud remains high in Binary Options trading. So, it is advised that one should choose regulated and accredited brokers for their trade. It should be noted that most of the regulated brokers for binary options are located offshore, happily accepting trades from Pakistan. Trading with such regulated brokers is safe and legal, as long as you adhere to the necessary local tax regulations too.

Why you should trade binary options?

Binary Options are a very lucrative trading instrument for people keen to earn huge volumes of profits in a short amount of time. The transparent nature of the trade serves as an incentive of traders, keeping them aware of the risks associated and the potential profit, before entering into a transaction.

As compared to some other trading instruments like forex or cryptocurrencies, binary options trading simpler and easier. It does not require you to follow several different complex procedures and techniques to execute a trade. In fact, one of the key reasons for the popularity of Binary Options is its simplicity, that reduces the worry of the traders to manage risk.

Binary Options are undoubtedly one of the most profitable instruments for traders where pay-outs reach as high as 91% with reliable brokers like IQ Option. All one needs to do is identify the correct direction of movement of the asset to earn profits. For sure, it’s not that easy as we describe, but it’s much easier than the forex or futures trading is. The principle of the trading is pretty easy, but the trading at all is not that easy. It

Maybe you are wondering how much you need to invest, because usually “the world of trading” requires a lot of money to even start. That’s not true. Not in binary options trading. To start trading you just need$10. That’s it. Mentioned broker above – IQ Option offers this low minimum deposit. What do you think about it?

The next amazing thing is the fact, that IQOption offers one of the best demo (testing) accounts with virtual money, where you can test your skills and get to know the trading platform. Want to test the demo account?

Is binary options trading possible in Pakistan?

Yes, as we said at the beginning of the article, Binary Options trading in Pakistan is legal and easily practicable. Many offshore brokers happily accept Pakistani traders and there are no legal consequences of practicing trade on such platforms.

To begin trading, all one needs is a stable internet connection, a smartphone or computer that supports the trading platform, a trading account, and an initial deposit. The legality of Binary Options, without any tight regulation for its trade, offer a great deal of freedom to the traders.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

Which Broker Should You Opt for?

It is critical that one selects a reputable and reliable broker to achieve fair and successful trading. Since the only regulated brokers available in Pakistan are offshore ones, you should choose a popular broker that has proven results. Traders are advised to be careful about fraudulent practices in the market and choose a broker after detailed scrutiny. A renowned and highly-recommended broker for Binary Options is above mention broker IQ Option or you can also try OlympTrade broker, which is also reliable.

IQ Option offers one of the most simple-to-yet and customizable trading platforms, that is suitable for beginners and experienced traders alike. Featuring an intuitive user interface, the platform is regulated under CySEC. The platform is custom made for all devices including Windows, Android, iOS, and Mac. However, you must keep in mind that the platform might not be compatible with out-dated devices.

The platform allows you to trade with a minimum deposit of $10 and conduct trades worth as low as $1. For novice traders, the broker even provides a mentioned free demo account where one can polish their skills and prepare themselves for the volatile markets.

IQ Option promises great support to the traders over email and via live chat. Compatible with an array of languages and offering a wide variety of deposit, withdrawal, and currency options; the platform guarantees an unmatched trading experience.

Broker Bonus Min Deposit Payout Review Open Account
FREE DEMO ACCOUNT $ 10 Up to 100 % !* Review Trade Now!
*in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

How to Deposit or Withdraw Funds from IQ Options?

It is a fairly easy process to open an account with IQ Options, deposit funds and commence trading with IQ Options. Traders are required to undergo a simple verification process by presenting a recognized ID like the passport or the driving license. This process is necessary to prevent any case of money laundering.

IQ Option offers not only one of the lowest initial deposits ($10) but also provides a wide range of payment options for Pakistani traders. The various methods available for depositing and withdrawing funds include:

  • Credit Cards
  • AstroPay
  • Skrill
  • Neteller
  • Web Money
  • Bitcoin
  • Qiwi Wallet
  • Yandex
  • Fast Pay

For Pakistani traders, debit cards are not an option. Withdrawals are recommended through e-wallet services for Indian/Pakistani customers, although not mandatory.”” data-userid=”424326092676120576″ data-orgid=”424326092676120578″>It is important that users need to withdraw to the same bank card (in this case credit cards) or e-wallet, you used to make a deposit. Otherwise, the system will cancel the request. For Pakistani traders, it is recommended to use E-wallet services such as Neteller or Skrill instead of directly through a bank. Withdrawals are recommended through e-wallet services for Pakistani customers, although not mandatory.

Broker Bonus Min Deposit Payout Review Open Account
FREE DEMO ACCOUNT $ 10 Up to 100 % !* Review Trade Now!
*in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Conclusion

Binary Options trading has gained massive popularity around the world, and Pakistan is not left out in this type of trading.

Binary Options are legal in Pakistan and can be engaged in lawfully. Offering high potential for profit in a short span of time, Binary Options promises a profitable and pleasant experience as long as one trades through a regulated and reliable broker like IQ Options, one of the most recommended brokers.

Are you not impressed by the IQ Option broker? What about to try Olymp Trade broker? Find out more about this broker in our article – Trade Binary Options in Pakistan with Olymptrade.

If you have any questions about trading binary options in Pakistan or about the IQ Option broker, let us know below in comments. Thank you.

More information about IQ Option broker:

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

Binary Options Pakistan – Best Binary Brokers in Pakistan 2020

Binary Options trading in Pakistan

Binary options in Pakistan is the most sought after trading instrument among new generation traders. These young traders manage their risk potential well and exploiting the benefits of high profitability. Since most of the regulated brokers are overseas brokers either regulated in Europe or UK, the profits earned from binary options are in either US Dollars or Euros. Thus it adds to the country’s Forex income. Financial instruments like stock options and binary options are major driving forces in Pakistan Financial market today.

Binary options carry a high level of risks along with a high return on investment, which is up to 95% *. Trading binary options are about predicting the price of an asset ( Forex pair or Stock) at a given point of time. In binary options, you earn up to 95%* return on your investment for a correct prediction regarding the price movement of an asset. For an incorrect prediction about price movement, you lose all the money invested in that trade. Binary options trading has seen exponential growth all over the world, and Pakistan is not an exception to it. Many traders in Pakistan have accepted binary options trading as an additional way to make money.

Although this higher profitability comes along with higher risks, many traders in Pakistan manage it successfully to stay profitable. Pakistan is one of the developing countries with the potential to excel in the financial trading field. Forex trading and Binary Options trading are two financial trading products quite popular in Pakistan.

All you need is a Computer with an Internet connection or a smartphone with a data package.

For binary options trading in Pakistan, all you need is a computer with internet or a smartphone with internet. The reach of the PC into every household along with high-speed internet in Pakistan has made it quite common for people to trade binary options. The instinct to learn something new and intelligence level of people from Pakistan make them more successful in binary options trading compared to people from other parts of the world.

There are regulated binary options brokers with strict compliance with European regulators like MiFID, CySEC and FCA provide trading service in Pakistan. Some brokers even provide local support to their customers.

Free Demo Account with $10,000 Demo Balance

Binary Options Brokers in Pakistan

Which are the best Binary Options Brokers in Pakistan? Out of several brokers offering Binary Options trading to Pakistan traders, IQ Option, Olymp Trade, and Binomo are reliable and trustworthy. You can try and evaluate their services in a Free Demo Account.

IQ Option

  • Minimum deposit $10
  • Up to 91% payout. (Amount credited in case of a successful trade)
  • Most trusted Binary Options Broker since 2020.
  • Pakistan traders accepted

Binomo

  • Bonus on first deposit
  • Trustworthy broker with clients all over the world
  • Excellent training material
  • Free Demo account
  • Quick withdrawal processing

ExpertOption

  • Start trading with $10
  • Complies with IFMRRC
  • Withdrawal processing in 2 days
  • Free Demo Account
  • Up to 100% Bonus

Avail up to 100% Bonus

The first question that comes to the mind of the traders is whether Binary Options trading is legal in Pakistan. It is legal to trade Binary Options in Pakistan like most of the countries. You should choose the regulated brokers for your own safety, as unregulated agents pose a threat to the safety and security of your funds. We list a few brokers with excellent reputations and service standards; they accept traders from many countries, including Pakistan. It is legal and safe to trade Binary option with them as they comply with European and UK regulators. So, now you know the answer to the commonly asked question, ” Is Binary Options legal in Pakistan.” To trade Binary Options in Pakistan in a legitimate way, you must select a regulated broker to trade. You should additionally adhere to the local tax rules too.

Binary Options Pakistan – A detailed Review

The Pakistan financial market has recently been opened up to foreign investors. In the past five years, there has been a significant rise in entrepreneurship and small business start-ups in Pakistan. Because of the excellent opportunity to fill a market, some binary options brokers offer what is known as an Islamic trading account. It is also known as ‘Swap Free’ binary trading options account. This type of account eliminates Riba or interest.

The brokers recommended here are based on for their service standards towards clients from Pakistan. The most recommended binary options broker for Pakistan customers are IQ Option and Olymp Trade. So, if you are looking for the best Binary Options Broker in Pakistan, you can select one from the broker’s list below.

IQ Option offers risk-free unlimited demo accounts and $10 deposit real account :

IQ Option provides risk-free Demo account which you can try before you go to the real trading account. It complies with several regulators and offers same-day fund withdrawal to clients. IQ Option provides a higher payout of up to 91% (amount to be credited to take into account a successful trade).

How to start trading Binary options in Pakistan?

The reasons why binary options became so popular worldwide are mainly because they are easy to understand, highly profitable. Anyone with $100 can start trading binary options, and he need not learn any complex trading procedures. A computer or smartphone with an internet connection is all that is required.

1. Open an account with a binary broker
As your first step towards trading in Pakistan, you will need to select a binary options broker to start trading. Choosing the right broker is very important at the start. Hence we strongly recommend selecting a regulated broker that has been in operation for at least a few years without any adverse reputation. A few minute searches on the internet can help you find any scam or issue related to a broker.

Some of the regulated brokers are so confident about their service standards and trading platform that they allow you to open an unlimited demo trading account for free. There is no obligation to open and deposit money to avail free demo trading account. Hence it is always better to try their trading platform on a demo trading account.

To start trading on real money, you will need to make your first deposit into your account. The minimum opening deposit amount varies from $10 to $500 depending on the broker. After you make your first deposit into your account, it will be fully activated, and you will be able to start trading on your live account.

2. Selecting an Asset to trade
Now that you have either a real account with real money or a demo account with virtual money. It’s time to choose the asset to trade. One of the best things about binary options trading is that using the same platform; you can trade so many different assets. You can trade Currency pairs, stocks, Commodities, etc. Initially, it is better to trade the asset you are familiar with.

3. Predict the price movement.

Binary options trading has a fixed entry and expiry time for every trade. You have to predict whether the assets price will go up or down than the present price at the expiry time. You may select 1 min, 2 min, 5 min, 1 hour or 1 day as your trade expiry time.

4. Decide the amount to invest

Deciding an amount to invest in trade seems like a simple thing, but it is the most critical part in binary options trading which requires proper understanding. You should never invest more than you can afford to lose. You should never invest more than 5 % of your capital in any single trade. The reason behind this is to protect your capital in case the trade goes wrong. Since it is impossible to win 100% of the trades, you must adopt a proper money management strategy to stay profitable.

Money Management is the key to success in Binary Options Trading

If you have $100 in your trading account and put the whole amount in a trade, then you lose all your money and out of the market. But if it were $ 5, then you can trade so many times to recover the lost $5 and make some profit. Trading a big portion of your capital in any single trade develops an urge for gambling in you, which must be avoided all the time.

What may seem like a simple thing to do is one of the most misleading and misunderstood concepts in binary options trading. First of all, you should never invest more than you can afford to lose.
Proper money management is vital in trading. As a binary trader, you should never place more than 5% of your investment capital on any single trade. The main reason is to protect the rest of your capital in case the trade goes wrong.

Here is the difference between over-the-counter trading and exchange trading. While the former bring into direct relation to two parties, the latter requires the existence of well-organized structures and means of trading called exchange.

According to recent statistics, more than 100 binary option trading brokers are currently running. And just a few of them are regulated by some Government regulatory authorities. Hence you must observe caution while choosing the binary options broker. A comparatively low paying regulated broker is better than any un-regulated broker with a higher payout.

The Internet and computers have launched us into that future that we all dreamt of, it has opened up more possibilities for investors in the financial markets. It does not matter where you are in your experience with binary options trading; you now have the excellent opportunity to learn and improve on what you’ve got. The digital options trading has now permeated into several economic and financial sectors all over the world including Pakistan.
The predictive markets are making use of the binary options involving Stocks, Forex pairs and Indices. Technology is the driving force of the Binary options trading. And as long as technology keeps developing there seems to be no restraining factor (except the change of laws) to the expansion of the trade.

The attractiveness of Binary options trading should be considered along with the risk factors it involves. The risks are so high that there is a possibility of losing your capital. A trader can benefit from binary options if he masters the risk management while trading this high-risk trading instrument.

* Amount to be credited to account for a successful trade.
NOTE: This article/material is not investment advice.

TRADING BINARY OPTIONS WITH IQ OPTION

When it comes to binary options trading, IQ Option is a well-known and established broker. With a solid options trading platform and other essential features, IQ gives you the best opportunity to stay ahead of the pack. Continue reading to find out what binary options are, how to trade it with IQ Option, and which features you can enjoy with this broker.

Binary Options are only available to non-EU clients and certain EU clients who have professional accounts with IQ Option.

Overview:

      Min. Deposit $10 Min. Investment $1 Profit up to 95%* Free Demo account

*Amount is credited to account in case of successful investment

What are Binary Options?

A binary option enables traders to speculate on the price movement of a particular asset and invest a certain amount of money:

  • which is either lost completely in the case of a losing trade,
  • or is multiplied by a certain profit factor in the case of a winning trade.

Let’s use a EUR/USD forex binary option contract with a payout of 90% as an example. A trader can either speculate on a rise in the price of this currency pair, or on the price to fall. The trader needs to decide on the following:

  • Whether the price is likely to rise or fall.
  • When to enter the trade.The strike price (price at which to enter the trade).
  • How much to invest in the trade.
  • The expiration time of the option.

When the trader has determined all of these points, he or she can enter the trade and simply wait until expiration to know what the result is. (IQ Option’s binary options can also be sold up to a certain point before the expiration time, though). If the trader believes that the price will rise, he buys a call option and in case a lower price is anticipated, a put option can be bought. In IQ Option’s trading terminal, the call option button is green and reads ‘Higher’ while the put option button is red and reads ‘Lower’. Look at this screenshot:

Let’s examine a particular scenario to better grasp the technical details of how a binary option can be traded. In this example of an option trade on the EUR/USD, we will use the following parameters:

  • Strike price at 1.16500.
  • Expiration time: 5 minutes after the option contract is entered.
  • Payout: 90% of the invested amount.
  • A call option is bought by a trader who expects the price of the EUR/USD to rise and be above 1.16500 (the strike price) at the time when the option expires.
  • An investment of $10 is made in this trade.

So when the trader buys this call option one of the following will happen:

  • If the price is at 1.16500 when the option expires, the trader will neither lose his investment of $10 or gain anything, because the price at the time of expiration is the same as the strike price.
  • If the price trades above 1.16500 when the expiration time is reached, the trader will gain 90% ($9) on top of the amount ($10) he invested. So when the option expires, the trader will still have his initial investment of $10 plus an extra $9, which means he has made a profit of $9.
  • If the price trades below 1.16500 when the expiration time is reached, the trader will lose his initial investment of $10.
  • The trader may, for whatever reason, choose to exit the options trade prematurely. This will limit his profit potential on the particular trade, as the payout (in case a profit is realized) at that time will be less than the maximum payout which may be achieved in case the price is above the strike price at the time of expiration. Of course, in the case that a premature exit from a binary option results in a loss, the loss may in certain cases be less than the maximum loss which could be incurred if the option expired out of the money (below the strike price).

Now that we’ve covered some basics of trading binary options, let’s look at how to trade it with IQ Option, specifically.

How to Trade Binary Options With IQ Option

Trading binary options with IQ Option can be done by doing the following:

1. After opening a live or demo account with IQ Option, open the web or desktop version of IQ Option’s trading platform:

2. Click on the ‘plus’ button next to the current trading instrument to open a new chart. This brings you to a list of instruments in which binary options are available:

3. From the list of binary options, open charts for those instruments you want to trade.

4. On the right side of the platform, choose the investment amount and expiration time, and then click on the ‘HIGHER’ or ‘LOWER’ button to confirm a ‘call’ or ‘put’ option, respectively. Look at this screenshot:

The profitability percentage is the percentage of the invested amount which will be credited to your account for a successful trade. The percentage in this screenshot is *71%, which means that a trader who invests $10 in a successful trade will retain this $10 and gain an additional $7.10 as soon as the binary option expires. If the trader loses the trade, he will lose the $10 he invested.

*Amount to be credited to the account for a successful trade.

Binary Option Instruments Offered by IQ Option

With IQ Option, clients can trade binary options from the following asset classes: forex (about 34 pairs), stocks and stock indices (about 24), and commodities (gold and silver). Traders can also enjoy weekend trading with OTC (over the counter) binary options which are available when the markets for regular binary options are closed. Only a few forex pairs are available to trade with OTC binary options.

Minimum Deposit and Trade Size

The minimum deposit at IQ Option is $10 and the minimum deal size is $1.

Profitability Percentages

The payout percentages of the different binary options vary, depending on the time of the day, the expiration time, the spread and transaction costs of the underlying instrument, the instrument’s liquidity (which may also impact it’s spread), and some other factors. The maximum payout percentage (on certain instruments) is about 90% to 95%, but this may vary from time to time.

IQ Option’s Trading Platform

Although IQ Option offers numerous other tradable instruments besides different option contracts, it is actually well-known for offering excellent infrastructure for trading options, including binary options, of course.

An integral part of a great option broker’s infrastructure, is its trading platform. The platform needs to be reliable and robust. Besides this, it also needs to be easy-to-use and responsive enough to process orders in a timely fashion. Then, of course, the platform needs to have the necessary charts, technical indicators, and other features which make trading as convenient and accurate as possible. Let’s take a closer look at some of the features available in IQ Option’s trading platform:

1. Charts and Technical Indicators

Technical analysis on different trading instruments can be done accurately and efficiently with IQ Option’s charting package. Whether you like to use moving averages, oscillators, or even Ichimoku Cloud, these indicators (and many others) are freely available in the trading platform itself.

A FEW OF THE INDICATORS AVAILABLE IN IQ OPTION’S TRADING PLATFORM.

2. Other Platform Features (On the left side of the platform)

Other items in IQ Option’s platform include the following:

  • Total Portfolio (Here you can see a list of all your open positions).
  • Trading History (A list of all closed trades)
  • Chats and Support (Chat with fellow traders or IQ Option support representatives).
  • Leaderboard (See how other traders are faring. This is based on winning trades only)
  • Market Analysis (Get live news and market updates here).
  • Tournaments (Get information about IQ Option’s trading tournaments here).
  • Video Tutorials (Learn more about the markets here).
  • Help (Ask a question or view frequently asked questions in this section).

3. More Platform Features

With IQ Option’s trading platform, traders can trade binary options (and other instruments) directly on the charts they’re looking at. There is no need to open a separate order entry box or anything like that. This makes trade execution really convenient.

Traders can also choose between different chart types (for example candlestick charts, Heikin-Ashi charts, line charts, bar charts, etc.), apply different timeframes, and use graphical tools to draw lines and other features on their charts.

IQ Option’s Regulation / Licence

IQ Option Europe Ltd. is registered at Cyprus, and is regulated by CySEC. IQ Option Ltd. is registered at St. Vincent and the Grenadines and this entity is not regulated.

IQ Option’s Mobile App

Traders who would like to specifically trade binary options, on mobile devices, can do it on Android and iOS devices with the IQ Option progressive Web App (PWA).
Google Play and the App Store do not have apps available for trading binary options with IQ Option.

For more information about trading binary options with the mobile PWA App, please read our Article IQ Option PWA.

Free Demo

A great feature of IQ Option, is its free demo account which has all the features and tradable assets of a real money account. Also, traders with real money accounts can switch between their real and demo accounts by simply selecting the account they want (from the drop-down menu) at the top of the trading platform. Here is a screenshot:

TAP ON THE ARROW NEXT TO THE ACCOUNT BALANCE TO SWITCH BETWEEN LIVE AND DEMO ACCOUNTS.

Tournaments

IQ Option makes trading tournaments available to non-EU clients and certain EU clients who have pro trading accounts with IQ Option. With each tournament, only binary options can be traded. Each participant gets a tournament trading account with a virtual balance of, for example, $100; with an entry fee of $20 (also just an example). The initial virtual account balance, entry fee, prize pool and structure, and duration of the tournament vary.

Participants compete for a prize pool which is divided between the top traders (usually between 1 and 30) with the most money in their tournament accounts at the end of the tournament. Contestants can open binary option trades with any portion of the available funds in their tournament accounts. They can also use the ‘rebuy’ tool which allows them to top up their virtual tournament trading accounts with the value of the initial balance in case the balance falls below the value of the initial balance. This rebuy tool can be used an unlimited number of times during each tournament but each rebuy will cost the same amount as the initial entry fee.

Customer Support

IQ Option’s support team is on standby to assist clients 24 hours a day, 7 days a week, via live chat, telephone, or email.

Awards

It shouldn’t be surprising that IQ Option has received quite a number of awards. These have been awarded to IQ Option for its outstanding trading apps, its commitment to quality and excellence, its efficiency, impeccable design, and other attributes. Although IQ Option offers much more than just binary options, many of its awards have been for services and infrastructure related to binary options.

IQ OPTION HAS OFTEN RECEIVED AWARDS FOR ITS TRADING APPS, CUSTOMER SATISFACTION, AND OTHER GOOD ATTRIBUTES.

Conclusion

IQ Option is a solid broker with good trading apps, especially for trading binary options. It offers a wide range of binary option assets and also has digital options, forex pairs, stock CFDs, commodity CFDs, cryptocurrency CFDs, and ETFs available.

IQ Option’s trading app (desktop, online, or mobile) is equipped with all the tools that a trader may need, and to execute trades with this user-oriented app is a pleasure.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

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Binary Options Guide For Beginners
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