- Forex -> Leverage up to 1:1000
- Binary options Malaysia -> *Profit up to 95-99%
- Digital options -> *Profit up to 900%
- CFDs on stocks -> Leverage of 1:20
- Commodities -> Leverage of up to 1:50
- Cryptocurrencies -> Leverage is up to 1:5
- ETFs -> Leverage 1:20
IQ Option is an international broker with a 48-million client base. But will its services be useful for clients from Malaysia? In this article, we’ll review the broker from a country-specific perspective. We’ll also try to answer some questions that traders of Malaysia often have, such as: What’s IQ Option minimum deposit in Malaysia? Is it legal to trade binary option with IQ Option? How to contact IQ Option from Malaysia? What payment options do Malaysian traders have? and more.
Does IQ Option work in Malaysia?
IQ Option works in Malaysia since 2014, providing tools for binary trading Malaysia, trading forex pairs, binary and digital options, cryptocurrencies, commodities, ETFs, and stocks. For the time being, Malaysian traders have access to the following instruments:
*in case of a correct prediction
IQ Option Review Malaysia
Here’s what you need to know about IQ Options services in binary options trading Malaysia: Good news for those interested in high-risk instruments: up to 95% profit for binary and 900% profit for digital options, in case of a correct prediction.
Smart options trading platform with multiple charts and technical analysis tools.
Deposits and withdrawal methods with popular Malaysian payment systems: AdvCash, AmBank, CIMB Bank, WeChat Pay, Hong Leong Bank, Maybank, Neteller, Public Bank, RHB Bank, Skrill, and Visa/Mastercard.
Top-notch solutions for mobile options trading for iOS and Android.
Demo account with replenishable $10,000.
Is IQ Option Available in Malaysia?
IQ Option is operated by IQ Option LLC registered at St. Vincent and the Grenadines. The broker provides its services to traders in various countries, including Malaysia.
IQ Option Minimum Deposit in Malaysia
The minimum deposit for IQ Option in Malaysia starts from $10 (42 MYR or equivalent to your account currency). The minimum investment amount is just $1. Available account currencies: MYR, USD, EUR, or GDP. IQ Option in Malaysia accepts payments with VISA, Mastercard, Neteller, Skrill, and different local Malaysian banks.
You can check the complete list of payment methods for Malaysia on the website. Feel free to deposit in any currency — the system will automatically convert it to the account currency.
IQ Option Trading Platform
IQ Option platform works on Windows, macOS, web, and mobile. This is a custom platform built to respond to the crucial IQ Option traders’ needs.
Simple interface — you can watch your trades in real-time, make all the presets within the same screen, make decisions with two buttons, and trade right from the chart;
The platform is customizable: you can change the chart layout and type, apply indicators, add widgets, etc. Lots of in-built tools for technical analysis; Complete portfolio and trading history;
Easy switch between real and demo accounts; Available in 17 languages; Integrated newsfeed and analytics.
Interface – In the Traderoom, you can open new trades, configure settings, and watch the price action on the charts.
Customizable charts – The platform allows users to run up to 9 charts at the same time and customize them. For example, you can choose a chart type: line, candles, bars, or Heikin-ashi. It’s possible to apply different technical analysis tools for each chart.
Indicators – On the IQ Option platform, you can choose from hundreds of popular indicators for technical analysis. They are grouped into categories: momentum, trend, volatility, moving averages, volume, popular, and others. If you use some of them on a regular basis, you can save them as templates and apply them in a click in the future.
Widgets – You can apply widgets like traders’ sentiment, high and low values, trades of other people, news, and volume. Using widgets will allow you to see real-time market events right from the chart.
Analytics – IQ Option platform provides basic analytical tools, such as historical quotes, market updates, news, stock screeners, and different types of calendars. You can follow what’s going on in the market right from the platform — no need to get distracted to the side sources.
Portfolio – The “Total portfolio” section stores all your open and pending orders, and the “Trading history” section shows the entire history starting from day 1.
IQ Option Demo
IQ Option’s demo account is a twin brother of the real account. It features the same interface and functionality. It is assigned to you by default upon registration along with the real account.
Here are the main perks:
- $10,000 in virtual money. It’s replenishable — if you’re out of money, you can top up your account anytime
- Safe way to learn the platform’s logic, interface, and functionality
- You can test trading strategies in the safe mode before you try them in the real market
- No expiration date — the account is unlimited. The broker won’t force you to switch to the real one until you are ready to invest real money.
IQ Option Real Account
With the IQ Option real account, you can trade binary and digital options, Forex pairs, cryptos, stocks, commodities, and make real-life gains. Just like so many Malaysian Bitcoin Millionaires do, you can top up your accounts and open the first orders right after the registration, skipping the verification process. However, your payment options might be limited if you didn’t verify your documents.
IQ Option Withdrawal Malaysia
VISA credit card, Mastercard credit card, Neteller, Skrill, Astropay, and local Malaysian banks will also work for withdrawal methods. At this time one withdrawal per month is free, for each subsequent IQ option withdrawal, the broker charges a fee is 2% of the amount withdrawn, but not less than $1 and not more than $30. Also note that some fees may apply depending on the payment or withdrawal method of choice. Most users prefer e-wallets because they are cheaper and faster.
To make a withdrawal request, users must verify their account. The 2-step verification includes:
- Identity verification (passport or ID copy)
- Payment method verification (copies of both sides of your bank credit card)
IQ Option’s Mobile Apps
IQ Option trading app is suitable for trading Forex, stocks, commodities, digital options, and cryptocurrencies. You can download it for free in App Store and Google Play and use it on the go — to trade, manage your account, deposit and withdraw, and check the analytics.
If you are looking for an app precisely suitable for trading binary options, there are two alternative mobile solutions.
APK (Android Package Kit) – You can’t find any legal binary option trading apps anywhere in the stores — that’s against their rules. If you want to trade options on Android, you have to download the app directly from the IQ Option website.
It functions like a normal app, and you can choose binary options among other assets. The download is free.
PWA (Progressive Web App) – If you have an iOS device, you should go for the PWA. It’s a web app that also allows users to trade binary options. Install the PWA by clicking the “Add to home screen” button in any browser on your iOS or Android device.
Tournaments – Any trader, new or old, can participate in trading tournaments. They are played with virtual money, but the prize fund — usually around $10,000-50,000 — is real.
There are always several tournaments running, and you can join them at any stage to compete with other traders for a money prize.
How IQ Option tournaments work:
- A participant registers a tournament account. It comes with a fixed amount of play money, which means all traders start with the same investment amount
- There are free and paid tournaments. The fee is usually $2-20.
- The contestants trade their best over a specified period of time. The goal is to finish up at the top of the Leaderboard with the highest profit.
- If you’re going down the Leaderboard, you can use the rebuy option and fuel your account with real money to stay in the game.
- The prize fund is distributed among the first 9-30 winners.
IQ Option Robot
A trading robot is a bot that generates trading signals and makes automated decisions. IQ Option Malaysia had such software once, but now it doesn’t exist. The reason for that is increased risks — even a well-preset robot can’t trade as good as an experienced trader. Getting experience instead of automated trading software Malaysia is a better decision in the long run. After all, trading is not just following the strategies — it’s about creativity, intuition, precaution, and other things that bots don’t have.
IQ Option Malaysia Contact Details
IQ Option has a big resolution centre and two channels of communication for clients from Malaysia First, the Online chat. It’s available from the website and from the Traderoom — drop your question there (in English or in Malaysian) and wait for the response in approx. 40 seconds. And second, the Email. If online chat didn’t help, write the team at [email protected]
Best Time to Trade IQ Options in Malaysia
You want to be on the platform during the market hours. For example, if you trade American stocks, be online from 9:30 pm till 4:00 am because the New York stock exchange opens at 9:30 am, and Kuala Lumpur is 12 hours ahead of New York. The market works Mon-Fri and closes on weekends.
Is IQ Option Legit in Malaysia?
IQ Option offers brokerage services in Malaysia. As for mid-2020, the broker has 48 million clients all over the world and 17 international awards. May you face any problem, the support team speaks 17 languages (including Malaysian) and usually resolves issues pretty fast.
Is IQ Option Safe?
IQoption is very attentive to the ways it works with clients’ funds. They use only verified and trusted payment methods and use encryption technology across the platform to protect sensitive data and funds.
Another notable online broker that accepts Malaysians is Olymp Trade Malaysia.