Iq option bitcoin trading guide for beginners saudi arabia
The same platform is used for CFDs and for binary options trading. Well designed to be user-friendly, the platform features a large chart which is a great help for traders who wish to monitor the conditions in the markets. In addition, the platform comes with a wide selection of trading tools that are typically not found on any binary capable trading platform. The brand often add new feature to the platform to offers traders more flexibility. This allows a trader to hold a trade open if it is approaching a stop loss.
It gives the trader more scope to allow trades to recover before being closed. It must be used with discipline, but offers traders new risk management or trading strategy options.
For traders that are unable to remain at their trading terminal for any prolonged period of time, they can install the mobile trading app that has been provided free of charge by IQ Option.
The mobile trading app which has been designed specifically for smartphones and mobile devices, allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades.
Potential traders who wish to try out the platform can first sign up for the demo account. The only kind of promotional offer which traders at IQOption are able to participate in is the trading competition which they can join for a entrance fee.
Currently, traders at IQ Option can trade in 87 different types of underlying assets. They consist of a selection of currency pairs, market indices, stocks and commodities. Recently, IQ Option has also added a selection of 12 different types of cryptocurrencies for its clients to trade in. One of the major plus points of IQOption is their customer service.
They can contact the support team through email, live chat or the telephone. This particular one has been in existence for over twenty years and is recognized as one of the most lucrative across the globe. There are over three hundred and seventy billion dollars of funds invested in this market with in excess of one hundred and sixty eight firms included within this amount. There is no disputing that it is the largest and most financially secure stock exchange in the Gulf region.
This fact is what has drawn many traders to the look at the Saudi Arabia binary options trading potential. As with many of the Arabic countries, the recognized faith is Islam. Unfortunately, this religious belief is at odds with the idea of binary options in Saudi Arabia. This is mainly due to the fact that the strict religious laws forbid the generation or charging of interest.
Unfortunately any trade which is left open overnight could potentially earn interest. It is not simply enough to say that you will close all your trades before the end of the day. With the multitude of global markets available to trade in it would be too easy to miss one and inadvertently earn interest.
This means that Saudi Arabia binary options trading would be illegal. This market is potentially extremely lucrative which has resulted in the brokers and traders operating within this industry looking at new ways of trading to comply with these strict laws. The majority of the larger brokers now offer something called an Islamic trading facility.
Some of the smaller brokerages are also starting to offer this service; although it is essential to ensure they have complied with all the relevant regulations. The main criterion is that they do not earn any interest and this is achieved by the brokerage automatically shutting all trades at the end of the day and reopening them the following morning.
In this way it is possible to enjoy Saudi Arabia binary options trading. To ensure you will be able to trade within this lucrative market the brokerage must include the Tadawul as one of the options.
It has been growing in strength rapidly over the last few years. Islamic trading accounts do not just allow you access to binary options trading in Saudi Arabia. They will allow you to trade in any Islamic based country without offending their national religion or trading illegally. The lower charges created by complying with their religious trading laws can make this an extremely lucrative market. This is evidenced by the fact that trading in Saudi Arabia is rapidly being recognized as the predominant binary options market on the planet.