Choosing the Best Online Trading Platform

Discussing the value of an effective online trading platform. The capabilities of IQ Option and its ease of use. How to start trading and the details involved.
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Posted on 10 January 2021

The Top Platform for Day Trading

Online trading platforms come in all shapes and sizes. The best of these provide an environment that also allows users to invest across a range of options. With IQ Option, there is much more than just investing in a variety of different stocks and assets. This platform includes a whole host of different tools and services that make it a complete experience.

South Africa is a prime candidate for trading online stocks, with allowances to ensure that users from here fit within the necessary regulations. This enables traders to invest in online stocks with ease and efficiency, making this perhaps the best online trading platform South Africa has available to everyone within the country.

Easy to setup and cheap entry investments means traders will be up and running in no time. Couple this with the heaps of resources supplied: like demo accounts, support staff, and tutorials. These and more make trading through IQ Option the preferred choice.
Online trading platforms come in all shapes and sizes. The best of these provide an environment that also allows users to invest across a range of options. With IQ Option, there is much more than just investing in a variety of different stocks and assets. This platform includes a whole host of different tools and services that make it a complete experience.

South Africa is a prime candidate for trading online stocks, with allowances to ensure that users from here fit within the necessary regulations. This enables traders to invest in online stocks with ease and efficiency, making this perhaps the best online trading platform South Africa has available to everyone within the country.

Easy to setup and cheap entry investments means traders will be up and running in no time. Couple this with the heaps of resources supplied: like demo accounts, support staff, and tutorials. These and more make trading through IQ Option the preferred choice.

IQ Option Platform

MAIN ADVANTAGES
There are several aspects that separate IQ Option from the rest online brokers and makes it probably the best trading platform. Understanding each of these different tools and resources helps make the experience more enjoyable and ultimately more lucrative. The power is in the hands of the traders, it is up to them to make the best use of these trading platforms tools.
There are several aspects that separate IQ Option from the rest online brokers and makes it probably the best trading platform. Understanding each of these different tools and resources helps make the experience more enjoyable and ultimately more lucrative. The power is in the hands of the traders, it is up to them to make the best use of these trading platforms tools.
Access to a variety of investment options strategies and more. The primary advantage to using this platform is that there are a number of different ways to invest. These include standard day trading and the more recent options trading. The latter incorporates digital and binary trading platform possibilities.
Access to a variety of investment options strategies and more. The primary advantage to using this platform is that there are a number of different ways to invest. These include standard day trading and the more recent options trading. The latter incorporates digital and binary trading platform possibilities.
The first operates much like the regular stock markets, where traders can buy and sell stocks on different assets and gain or lose from the value of the stock when they cash out during the day. This requires a good deal of timing and strategy to know when to pull out and when to hold.
Stock trading on IQ Option platform
The first operates much like the regular stock markets, where traders can buy and sell stocks on different assets and gain or lose from the value of the stock when they cash out during the day. This requires a good deal of timing and strategy to know when to pull out and when to hold.
Stock trading on IQ Option platform
Options trading on IQ Option platform
The second type of trading mechanic involves Options, which revolves around the high or low concept. This is the fairly straightforward approach of predicting whether a particular asset will fall or rise, relative to a starting point and across a fixed time.
The second type of trading mechanic involves Options, which revolves around the high or low concept. This is the fairly straightforward approach of predicting whether a particular asset will fall or rise, relative to a starting point and across a fixed time.
Options trading on IQ Option platform
What is great about this is that a trader does not incur any negative balance during these investments, but will only receive a percentage return of the investment put in.
What is great about this is that a trader does not incur any negative balance during these investments, but will only receive a percentage return of the investment put in.
Aside from being the best stock and forex trading platform South Africa has available, there are a couple of additional tools that set it apart from anything else.
Aside from being the best stock and forex trading platform South Africa has available, there are a couple of additional tools that set it apart from anything else.
Probably one of the most used research tools is the in-built calendar, which provides a wide range of news updates about relevant assets.
At a glance, advanced traders can interpret changes happening in the market and affecting particular assets and act accordingly. The speed of which is probably the most useful part about it as far as trading platforms in South Africa go.
Build-in analytics
Probably one of the most used research tools is the in-built calendar, which provides a wide range of news updates about relevant assets.
At a glance, advanced traders can interpret changes happening in the market and affecting particular assets and act accordingly. The speed of which is probably the most useful part about it as far as trading platforms in South Africa go.
Build-in analytics
Rankings and leader boards
Alongside this there are rankings and leader boards on the platform so that traders can check their statistics against each other and appreciate successful efforts. This adds to the gamification involved, making the process feel instantly more rewarding in a simple way.
Alongside this there are rankings and leader boards on the platform so that traders can check their statistics against each other and appreciate successful efforts. This adds to the gamification involved, making the process feel instantly more rewarding in a simple way.
Rankings and leader boards
One of the great aspects of IQ Option is that it really is the best trading platform South Africa has been a part of. This not only refers to the low minimum investment requirement but also the inherent lack of additional brokerage fees.
One of the great aspects of IQ Option is that it really is the best trading platform South Africa has been a part of. This not only refers to the low minimum investment requirement but also the inherent lack of additional brokerage fees.
The best example of this is the free trades, which is rare for online platforms such as these. This means that no commission fees will be taken from users opening or closing trades.
The only real fees tha IQt Option takes from the user is the swap fee, which will charge for holding a trade overnight. This is a nominal fee, though it does increase over the weekend. The other notable fee is that of a dormant account, only activating if there has been no activity for 90t days.
Deal opening
The best example of this is the free trades, which is rare for online platforms such as these. This means that no commission fees will be taken from users opening or closing trades.
The only real fees tha IQt Option takes from the user is the swap fee, which will charge for holding a trade overnight. This is a nominal fee, though it does increase over the weekend. The other notable fee is that of a dormant account, only activating if there has been no activity for 90t days.
Deal opening

How to use IQ Option platform

Overall, there should not be much taken from this platform, especially when considering how much it provides to traders. With such a generous system, this makes it hands down the cheapest share trading platform South Africa has seen.

IQ Option in Numbers

$ 20 000 000 +
1 000 000 +
MOMEY WITHDRAWN:
2013
FOUNDED IN:
TRADE DEALS:
PER DAY
PER MONTH
CUSTOMER SUPPORT:
24/7
To become a successful trader demands professionalism and experience. You need to understand that such an investment instrument is connected with high risks.

A practice (demo) account is a good idea to help you learn the mechanisms and to test strategies without losing funds.
SUPPORTED BROWSERS:

Deposit / Withdrawal Methods

Our platform allows the use of bank cards (1-3 days), e-wallets (1-3 days) and wire transfers (7-10 days) for depositing and withdrawing funds.
100% SSL Secure certificate

Start Trading

After creating an account you can enter the trade room right in your browser, or download the app on a device of your choice.

$10,000
virtual & reloadable
for practice
The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Knowledge Base

What are the Risks of Day Trading?
Like with any type of trading, there are inherent risks involved. The more you invest, the greater the risk and greater the reward. Most of these risks are self-explanatory but it always helps to be aware of the potential pitfalls that day traders may encounter.


  • Limited Time Frame. Due to the fact that the trades are confined to a single day, there is a fixed amount of time to conclude the trade. This means that sometimes there are not any options other than to take a potential loss should the market be down by close of day.

  • Incorrect Information. Since day trading relies so heavily on accurately predicting the market, there are risks involved if the information being used is not correct. This can be particularly difficult to judge in this day and age with so much fake news going around.

  • Late information. Similar to the previous risk, this speaks more to the timing of the information. Since the market can move so rapidly, it is essential to have information quickly so that trading can be done before the changes may occur in the market. Too late and there could be no gains and only losses available.

  • Delicate Market. With day trading, traders are relying on the small changes in the market, which can be sudden and abrupt. Sometimes it can be impossible to accurately guess which direction these small changes can come.

  • Fast-Paced Changes. With the different trading options and the best forex trading platform on the market, a number of trades happen rapidly and across a range of options. New traders can risk getting overwhelmed by the pace of these markets.

  • Internet Dependencies. Due to its online nature, there is of course a risk that the internet speed may cause delays. This ties into the fast-paced changes above and can have risk on online share investments and reaction. For reliable connection, traders will need good internet options.

  • Online Brokerages. These can provide aid with investment strategy for more advanced day trading. By helping with brokerage accounts and setup they can detail important steps involved. Alongside this there are other brokerage services that they offer.
How Do I Learn to Day Trade?
There are a few options available to help beginners get started developing their trading strategy right away!

  • Tutorials. IQ Option also offers users a comprehensive tutorial on how to get started day trading. Additionally, there are more resources provided through the best trading platform in South Africa. The basic tutorial might not be necessary for those already versed in these sorts of trading platforms.

  • Free Demo Version. This trading platform helps by also providing traders with a free demo version that allows them to practice day trading. This is an invaluable tool because it allows real time trading practice without any of the risks. Another reason IQ Option is really the best trading platform for beginners and experienced traders alike.

  • Online Courses. Like with most things, there are popular online courses that could help teach further information on the topic. Some of these are free, others require a nominal payment. Usually these are very comprehensive and provide invaluable resources to those looking to learn how to day trade.

  • Online Videos. Things like Youtube and similar video hosting sites will have a wide variety of videos to help teach day trading. These can also demonstrate live trading and online brokers best advice on the matter. With the plentiful supply of these online goods, traders don't lack any resource to help them learn.

  • Support Staff. IQ Option also incorporates a well-informed and helpful support system on their platform. Here, traders can ask any questions they may have about day trading. Experienced investors can really refine their questions to get the most information out of this.

  • Watch the News. Keeping up with the news and following the market will of course provide better information and make day trading easier. When traders are more informed they are more likely to accurately predict changes in the market. This is a great option for traders familiar with the platform and looking to capitalise on market changes.

  • Online Brokerages. These can provide aid with investment strategy for more advanced day trading. By helping with brokerage accounts and setup they can detail important steps involved. Alongside this there are other brokerage services that they offer.

  • Practice. Like with any skill, practice makes perfect. With day trading this is no different. The more you practice, the better you get. The benefits of these mobile apps is that they are literally in the palm of the hand.
How Can I Diversify with Little Money?
Diversification with little money can be difficult since the primary definition of diversification is spreading out risk to avoid potentially losing all investments. This is harder to do with limited investment options and a minimum investment requirement.

Still, there are ways of distributing these investments even when they are limited. This is largely because of the wide variety of available options on this platform.

  • Utilise Minimum Investments. First and foremost is utilising the minimum investment options also available on this platform. While minimum deposit is $10, there are individual investments that can be placed that are much less, up to just $1. This allows more opportunities to invest across a variety of assets and stocks. It might also free up capital for the more reliable investments when they present themselves.

  • Exploit ETFs. An ETF is an Exchange Traded Fund. What this is essentially is a basket of tradable assets or stocks. These are inherently diverse in nature and reduce risk because they are not dependant on a single stock or asset. These are notable liquid in the composition so they can be traded quickly and when required, allowing traders to capitalise on any abrupt highs in the market.

  • The Auto Closing feature. IQ Option provides its traders with a well-equipped platform that can handle a wide range of trades simultaneously. Something that will help them in this pursuit is that they can set automatic features onto their trades that will auto sell or buy when the security reaches a specified target. This makes diversification easier because traders don't have to pander to each trade they make and can rely on the algorithm to close the trades when they are profitable. Coupled with the impressive charting tools available on this platform, traders will be well-equipped to tackle the market in its entirety.
How much Money do I need to Start?
Unlike many other platforms, IQ Option allows their traders to begin trading with just a minimum deposit of $10. This is perhaps the cheapest online trading platform South Africa has available because of the flexible entry range.

Like with any trading, the more the available capital, the more potential profit to be made. This means that, while the entry is low, the recommended amount is as high as possible. This of course increases risks, but when the trades are taking place on very small changes in the market, there needs to be greater capital investment in order to gain as much as possible from these changes.

IQ Option does offer its traders the options to get free demo versions that provides practice at the real thing without any actual investment involved. This can allow traders to get up to speed and used to the market and the best online trading platform before they begin investing for real. It also allows traders to start bigger because they do not need to get the hang of it first.
What are the Risks of Day Trading?
Like with any type of trading, there are inherent risks involved. The more you invest, the greater the risk and greater the reward. Most of these risks are self-explanatory but it always helps to be aware of the potential pitfalls that day traders may encounter.

  • Limited Time Frame. Due to the fact that the trades are confined to a single day, there is a fixed amount of time to conclude the trade. This means that sometimes there are not any options other than to take a potential loss should the market be down by close of day.

  • Incorrect Information. Since day trading relies so heavily on accurately predicting the market, there are risks involved if the information being used is not correct. This can be particularly difficult to judge in this day and age with so much fake news going around.

  • Late information. Similar to the previous risk, this speaks more to the timing of the information. Since the market can move so rapidly, it is essential to have information quickly so that trading can be done before the changes may occur in the market. Too late and there could be no gains and only losses available.

  • Delicate Market. With day trading, traders are relying on the small changes in the market, which can be sudden and abrupt. Sometimes it can be impossible to accurately guess which direction these small changes can come.
  • Fast-Paced Changes. With the different trading options and the best forex trading platform on the market, a number of trades happen rapidly and across a range of options. New traders can risk getting overwhelmed by the pace of these markets.

  • Internet Dependencies. Due to its online nature, there is of course a risk that the internet speed may cause delays. This ties into the fast-paced changes above and can have risk on online share investments and reaction. For reliable connection, traders will need good internet options.

  • Online Brokerages. These can provide aid with investment strategy for more advanced day trading. By helping with brokerage accounts and setup they can detail important steps involved. Alongside this there are other brokerage services that they offer.
How Do I Learn to Day Trade?
There are a few options available to help beginners get started developing their trading strategy right away!

  • Tutorials. IQ Option also offers users a comprehensive tutorial on how to get started day trading. Additionally, there are more resources provided through the best trading platform in South Africa. The basic tutorial might not be necessary for those already versed in these sorts of trading platforms.

  • Free Demo Version. This trading platform helps by also providing traders with a free demo version that allows them to practice day trading. This is an invaluable tool because it allows real time trading practice without any of the risks. Another reason IQ Option is really the best trading platform for beginners and experienced traders alike.

  • Online Courses. Like with most things, there are popular online courses that could help teach further information on the topic. Some of these are free, others require a nominal payment. Usually these are very comprehensive and provide invaluable resources to those looking to learn how to day trade.

  • Online Videos. Things like Youtube and similar video hosting sites will have a wide variety of videos to help teach day trading. These can also demonstrate live trading and online brokers best advice on the matter. With the plentiful supply of these online goods, traders don't lack any resource to help them learn.

  • Support Staff. IQ Option also incorporates a well-informed and helpful support system on their platform. Here, traders can ask any questions they may have about day trading. Experienced investors can really refine their questions to get the most information out of this.

  • Watch the News. Keeping up with the news and following the market will of course provide better information and make day trading easier. When traders are more informed they are more likely to accurately predict changes in the market. This is a great option for traders familiar with the platform and looking to capitalise on market changes.

  • Online Brokerages. These can provide aid with investment strategy for more advanced day trading. By helping with brokerage accounts and setup they can detail important steps involved. Alongside this there are other brokerage services that they offer.

  • Practice. Like with any skill, practice makes perfect. With day trading this is no different. The more you practice, the better you get. The benefits of these mobile apps is that they are literally in the palm of the hand.
How Can I Diversify with Little Money?
Diversification with little money can be difficult since the primary definition of diversification is spreading out risk to avoid potentially losing all investments. This is harder to do with limited investment options and a minimum investment requirement.

Still, there are ways of distributing these investments even when they are limited. This is largely because of the wide variety of available options on this platform.

  • Utilise Minimum Investments. First and foremost is utilising the minimum investment options also available on this platform. While minimum deposit is $10, there are individual investments that can be placed that are much less, up to just $1. This allows more opportunities to invest across a variety of assets and stocks. It might also free up capital for the more reliable investments when they present themselves.

  • Exploit ETFs. An ETF is an Exchange Traded Fund. What this is essentially is a basket of tradable assets or stocks. These are inherently diverse in nature and reduce risk because they are not dependant on a single stock or asset. These are notable liquid in the composition so they can be traded quickly and when required, allowing traders to capitalise on any abrupt highs in the market.

  • The Auto Closing feature. IQ Option provides its traders with a well-equipped platform that can handle a wide range of trades simultaneously. Something that will help them in this pursuit is that they can set automatic features onto their trades that will auto sell or buy when the security reaches a specified target. This makes diversification easier because traders don't have to pander to each trade they make and can rely on the algorithm to close the trades when they are profitable. Coupled with the impressive charting tools available on this platform, traders will be well-equipped to tackle the market in its entirety.
How much Money do I need to Start?
Unlike many other platforms, IQ Option allows their traders to begin trading with just a minimum deposit of $10. This is perhaps the cheapest online trading platform South Africa has available because of the flexible entry range.

Like with any trading, the more the available capital, the more potential profit to be made. This means that, while the entry is low, the recommended amount is as high as possible. This of course increases risks, but when the trades are taking place on very small changes in the market, there needs to be greater capital investment in order to gain as much as possible from these changes.

IQ Option does offer its traders the options to get free demo versions that provides practice at the real thing without any actual investment involved. This can allow traders to get up to speed and used to the market and the best online trading platform before they begin investing for real. It also allows traders to start bigger because they do not need to get the hang of it first.
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