Download IQ Option app in Singapore and get a demo account for free
The forex market is still a relatively infant sphere of investments despite the fact that its basics were established more than 40 years ago. There are still numerous questions and myths concerning this industry.
True and false statements concerning the industry
The most widespread myths concerning the foreign exchange market are as follows:
Myth 1. The sphere is similar to gambling.
This sphere actually requires a profound understanding of instruments and strategies. Luck is not the key to success. Professionalism and deep comprehension of all mechanisms are.
Myth 2. Newcomers inevitably lose their money.
Losses are truly frequent but some reliable brokers offer a demo account for newcomers. Beginners train their skills by practising with virtual money that can be refilled for free.
Myth 3. Special financial education is required.
Every beginner investor is able to comprehend the main trends and instruments of the sphere, this knowledge will be continuously improved as time goes on. Reading up on the relevant literature, watching educational videos and practicing your skills is enough to begin with.
Spreading of the Forex market to new destinations
This market attracts more and more participants from all over the world while South East Asia is the most attractive destination for the sphere. This region has several countries with rapidly growing economies, therefore, people there are looking for new prospective instruments to invest their funds with.
Singapore is among the most developed countries in the world. The country’s GDP ranks 36th in the world while the inflation rate is just 0.44%. Moreover, Singapore occupies the 9th position according to the human development index (HDI).
According to Bloomberg, Singapore plans on becoming the world center of Forex trading, therefore, choosing this destination is a reasonable choice for beginner investors.
This sphere is controlled by the Monetary Authority of Singapore (MAS) which was founded in 1970. All brokers based in the country are obliged to obtain the license of this financial regulator but according to Singapore’s laws, all licensed brokers may offer their services to the citizens (foreign licenses are also taken into account). For instance, IQ Option platform is licensed by the Securities and Exchange Commission of Cyprus and has the right to deal with Singaporean clients legally.
Moreover, international brokers offer more user-friendly conditions which are especially convenient for beginners. Singaporean companies limit the leverage level by 20:1 following the demands of MAS, therefore, minimum deposits usually start at 100 USD while IQ Option offers deposits of at least $10. This minimizes the risks of the client.
Thus, trading in Singapore is a rather promising prospect and investors are free to select a broker, whether a national or a foreign one. The only demand lies in the necessity of paying taxes according to the current legislature. Those who earn less than 20 000 Singaporean dollars annually ($14 000) are tax-free. The minimal tax rate in the country is 2% for citizens and foreigners who earn less than 30 000 SGD (21 000 USD) annually, while the maximal tax rate is 20% for individuals whose annual income exceeds the amount of 320 000 SGD (230 000 USD). In total, the Singaporean taxation policy has 9 categories of tax rates. Thus, by following those simple rules, investors avoid any problems with legislature.
IQ Option trade platform: the mix of reliability and innovations
There exist numerous brokers but the majority of both beginners and experienced market participants call IQ Option platform as the most user-friendly one that protects the rights of its clients. In fact, most brokers protect their own interests while our platform truly takes care of users.
The following pros can be distinguished:
- The broker is licensed therefore users are protected from the legislative viewpoint while their funds are stored in a European bank.
- The platform is interested in bringing about profits for its clients creating perfect conditions for beginners. New entries are also offered a training account. Thus, the trading process will be learned in a practical manner instead of in a theoretical manner. Different educational videos help to answer any questions. Furthermore, beginners can communicate with other participants through live chat.
- The minimal deposit amount is just 10 USD and multiple ways of depositing and withdrawing funds are offered.
- The platform has received several awards and is recognized as the best broker for binary trading; IQ Option also allows cfd and cryptocurrencies to be traded.
- To get the most extended functionality, users can download IQ Option apps for their devices.
IQ Option app for PC: professional trade room at your service
On the one hand, the online version is rather convenient for users but on the other hand, the PC version has impressed both new entries and professionals with many years of experience.
When involved in trading process professionally, the app saves time, which is considered as the most valuable resource nowadays. There is no necessity to open your browser and visit the official webpage. Just click a desktop icon to start marketing instantly.
Among the main advantages of the app the following ones should be pointed out:
- The company is updated with the times, therefore users are suggested to perform the IQ Option new version download (4.0). This version is based on Web GL technology, therefore, all processes are performed more rapidly. Users can see instant changes of rates and therefore react to them immediately.
- Experienced market participants get a professional trade room with individual settings. Up to nine graphs may be displayed on a screen while a user may change their size or location, thereby controlling the trading process maximally. For new entries, such functionality becomes extremely convenient as well.
- 16 technique analysis options (MA, MACD, etc.) make your predictions the most precise, thereby affecting the trading process positively.
- User-friendliness of this app is maximal. Developers took into account the demands and preferences of users, therefore, you are able to select your preferred color scheme. Nothing should distract or annoy you while earning money.
- Each user gets a personal VIP manager for solving any problems in the simplest manner. The manager speaks the language each user prefers.
That is a list of just some advantages that users get after the IQ Option download for their PC or laptop. The world trade community recognizes this app as the best one for trading right now.
System requirements for downloading the last version of IQ Option app
The IQ Option download for PC is offered for Windows and macOS but you should check that your devices correspond to the demanded requirements.
The app can be installed on devices equipped by 2 GB random access memory and Windows of at least 7 version or macOS of at least Yosemite 10.10 version.
Users who demand IQ Option download for Windows should have DirectX 9 (or a later version) installed on their devices. Speaking of macOS, the system should maintain Open Gl technology 2.0.
This app demands just 130 Mb ROM therefore it can be installed to devices equipped by SSDs.
How to install IQ Option apps: step-by-step instructions
The app should be downloaded from the official website of our company. Remember that IQ Option has a special website for Singaporean clients (http://iqoption.sg) but this webpage is for informational purposes only, therefore you need to visit https://iqoption.com to the download apps for your devices.
Applications are available to be downloaded without signing in but marketing is not available until a user is logged into the system.
Step 1. Pick ‘For traders’ from the upper left corner menu and then select ‘Download App’. The download menu will be opened and you can select your preferred variant.
Step 2. Click on ‘Download for macOS’ or ‘Download for Windows’ depending on which operating system your device uses. After clicking on the preferred variant, the installation file will be downloaded to your device.
Step 3. To download the app for Windows, you need to open the installation file and follow all stages of installation, then click ‘Finish’ at the end. You may also install desktop and start menu icons if you wish to do so.
To download the app for macOS, the file should be transferred to the folder ‘Applications’ and then opened, before following all the stages of installation.
Step 4. To start marketing, a user must insert their email address and password to log in the system. Once logged in, you will be remembered.
Problems of IQ Option app installing
While installing apps for your devices, some problems are sometimes faced
Some users complain about their antivirus software blocking the app. This problem is solved easily. Add your application to the list of excluded apps when updating your software.
Users who download the app for macOS may face the problem when their system doesn’t support Open GI technology. Such problems can be solved by visiting the official site of your video card’s producer to download the latest drivers. If the problem still exists, the technology is not supported by the video card.
Remember that if you are experiencing any problems with the application’s installation, you are always welcome to call our customer support service and get answers for all your questions. The support service is available 24/7.