In financial circles around the world, forex trading has gained widespread popularity as a trading option for traders, who now consider it a full-time profession. It offers an immediate path to anybody that wants to access the currency markets on an international level, and if done right, can reap the benefits in a very short period.
Of course, figures show that there has been a decline in the trading volume of the international forex market as compared to previous years, but this does not necessarily mean that there has been a decline in popularity. This is partly due to “accessibility” being the main reason, with a significant number of part-time investors and currency speculators joining in. However, just like any market once it becomes popular, the forex market is also littered with several get-rich-quick type frauds.
Many traders have lost fortunes falling victim to such cases of frauds and scams. Thus, it is important for traders to work with only the most reputed and regulated brokers in their area. For instance, in South Africa, the FSB of Financial Services Board is responsible for regulating the non-banking financial sector of the country, including forex trading. Certain brokers such as IQ Option, which are regulated by several international and national laws can thus be a good option for traders.
What is IQ Option?
IQ Option, also known as IQ Option Ltd, is a well-established binary options and forex online brokerage site offering trading services all over the world. With a firm focus on providing a platform attractive to both novice and experienced traders, IQ Option provides all the necessary charts, tools and educational materials needed for trading efficiently. They also provide specialized charts such as candle sticks and others that are not necessarily present in other brokerage sites. Continue reading