Is binary trading legal in pakistan
For an incorrect prediction about price movement , you lose all the money invested in that trade. Binary options trading has seen exponential growth all over the world and Pakistan is not an exception to it.
Many traders in Pakistan have accepted binary options trading as an additional way to make money. Because of its simplicity binary options in Pakistan is growing in leaps and bounds. For binary options trading in Pakistan, all you need is a computer with internet or a smart phone with internet. The reach of computer into every house hold along with high speed internet in Pakistan has made it quite common for people to trade binary options. The instinct to learn some thing new and intelligence level of people from Pakistan make them more successful in binary options trading compared to people from other parts of the world.
Some brokers even provide local support to their customers. The reasons why binary options became so popular worldwide are mainly due to the fact that they are easy to understand, highly profitable.
A computer or smart phone with internet connection is all that is required. Open an account with a binary broker As your first step towards trading in Pakistan, you will need to select a binary options broker to start trading. Selecting the right broker is very important at the start. Hence we strongly recommend to select a regulated broker that has been in operation for at least a few years without any adverse reputation. A few minute search on internet can help you find any scam or issue related to a broker.
Some of the regulated brokers are so confident about their service standards and trading platform that they allow you to open an unlimited demo trading account for free. There is no obligation to open and deposit money to avail free demo trading account.
Hence it is always better to try their trading platform on a demo trading account. To start trading on real money you will need to make your first deposit into your account. After you make your first deposit into your account , it will be fully activated and you will be able to start trading on your live account. Selecting an Asset to trade Now that you have either a real account with real money or a demo account with virtual money.
One of the best things about binary options trading is that using the same platform you can trade so many different assets.
Currency pairs, stocks, Commodities etc. Initially it is better to trade the asset you are familiar with. Binary options trading has an fixed entry and expiry time for every trade.
You have to predict whether the assets price will go up or down than the present price at expiry time. You may select 1 min , 2 min, 5 min , 1 hour or 1 day as your trade expiry time. Deciding an amount to invest in a trade seems like a simple thing , but it is actually most important part in binary options trading which requires good understanding. Sat Apr 7 Tokyo: June in Beginners Questions. Are there any paki users of iq option here that have been trading with this broker for some time?
I had a discussion with a friend and he said that when i withdraw money from my account in iq option the authorities will question me about it and is i will not be able to withdraw in pakistan is this true?
I don't know, sounds sucky, I hope you get this worked out. Let us know what you find out, I'm sure others will want to know too. I am also from Pakistan. Recently registered with iq options and after practicing, going to give it a real try.
I will be happy if other traders are doing this business online and guide rest of us whether we can receive real cash or not? Offer me good luck guys!