When picking a broker for trading, it’s important to do some research and consider the pros and cons of every option. One of the main factors to take into account is your location. There are global brokers that provide trading services in many countries, while others focus on specific regions. If the broker you pick offers convenient trading conditions and deposit methods, it could be the main factor to consider. For instance, many traders choose IQ Option in Colombia. There are a few key reasons why.
IQ Option is one of the international brokers offering trading services in different countries. In this article, we will cover the main points about IQ Option trading in Colombia, such as available deposit methods, trading conditions, platform features and more. Hopefully, this guide will help you figure out how to trade on IQ Option in Colombia and choose the right broker for you.
How to Deposit to IQ Option in Colombia?
You can make a deposit to IQ Option in Colombia with a bank card or a bank transfer. Additionally, there are several other payment options you may choose from. Here are a few of the most popular methods among traders of IQ Option in Colombia.
What is the Minimum Deposit for IQ Option in Colombia?
The minimum deposit is $10 or 46000 COP for traders who choose to deposit with their local currency. There are currently two exceptions: Efecty with the minimum deposit requirement of 55000 COP and Bitcoin with 230000 COP. You can make a top-up in any currency: the amount will be automatically converted to the account currency after depositing.
The minimum trade starts from $1 or 4000 COP.
Does IQ Option Have a Commission for Deposits?
There is no deposit commission on the side of IQ Option. Some payment methods may charge a commission on their side, so you should check this information before making the first deposit.
How to Download IQ Option?
To start trading with IQ Option in Colombia, first you need to create an account. Be sure to provide correct information about your name and location, as you will have to confirm it during verification to withdraw funds.
The IQ Option trading platform is available in the browser version, as well as an application for PC. You can download IQ Option for PC by clicking one of the buttons below depending on your device.
If you prefer trading on the mobile phone, you can download the IQ Option app for iOS or Android.
After you finish the IQ Option download and sign in to your account, you can customize the traderoom language, as well as many other features in the settings. Choose one of 18 languages, including English and Spanish, set up notifications and shortcuts to make the trading process easier and more convenient.
Assets for Trading
IQ Option has almost 300 assets for trading, including binary options, digital options and CFDs on popular Forex pairs, cryptos, stocks, commodities and ETFs. Traders who look for smart portfolio diversification can choose from a variety of assets to fit their trading strategy.
Many traders of IQ Option in Colombia are especially interested in binary options trading. Binary options are quite simple: all traders need to do is choose the investment amount and decide where the price will go next — up or down. Profit on binary options can go as high as 95%.
Binary Options Strategies on IQ Option
Even though binary options trading is quite simple, traders still need to test different approaches and get some experience before achieving consistent results. There are many binary options strategies to choose from: some include just one technical indicator, others suggest combining several tools for better results. You can find detailed guides explaining binary options strategies on IQ Option on this blog, such as Triple Trend Strategy for Binary Options or Vortex Strategy for Binary Options Trading.
If you are more of a visual learner, you may prefer watching free video tutorials on the IQ Option platform. You can access them right from the traderoom in 18 languages, including English and Spanish.
There are also free webinars available to all traders of IQ Option in Colombia and other countries. You can find the recordings that include many binary options strategies on IQ Option Youtube channel in Spanish. For instance, here is a video tutorial on a popular binary options strategy – Double Stochastic.
Leverage on IQ Option
The IQ Option trading platform runs on the margin engine. Margin trading offers an opportunity to trade with extra funds borrowed from the broker (leverage). The main advantage of using leverage on IQ Option is that you can invest larger amounts and potentially get higher profits. However, margin trading involves some risks: your potential losses would also be higher in case of an unsuccessful trade.
Check the available leverage options for different types of assets on this table before choosing what to trade on IQ Option.
| Forex | Over 30 currency pairs: from major to exotics | Leverage up to 1:1000 |
| Binary options | 30+ options on major currencies and stocks | Up to 95-99% profit |
| Digital options | An alternative options type with increased profit potential | Up to 900% profit |
| CFDs on stocks | Stocks of nearly 200 global companies | Leverage up to 1:20 |
| Commodities | Oil, gold, natural gas and more | Leverage up to 1:100 |
| Cryptocurrencies | 19 cryptocurrencies and coins, such as Bitcoin, Dogecoin, Pepe, etc. | Leverage up to 1:100 |
| ETFs | 20+ exchange-traded funds | Leverage up to 1:20 |
You can learn more about margin trading and using leverage on IQ Option in this detailed guide: IQ Option Forex on Margin Trading Guide.
In Conclusion
IQ Option is an international broker that offers binary options and CFD trading in many countries, including Colombia. WIth low minimum deposits and trades starting from $1, traders of IQ Option in Colombia can invest small amounts and use leverage to increase potential gain. By learning about different binary options trading strategies on IQ Option, traders can significantly improve their chances of growing their capital from small investments.
