Home Affiliates News & Tips IQ Option restrictions for EU countries – limited marketing in the EU

IQ Option restrictions for EU countries – limited marketing in the EU

12046
August 1st - CFD Restrictions

——— Updated: 10/2020 ———

As you already know, the promotion of IQ Option to users from the European (EEA) countries is subject to strict marketing guidelines based on CySEC’s requirements. All traffic sources used to attract users from EEA countries have to be pre-approved and are regularly checked to ensure full compliance with the guidelines.

What it means for IQ Option affiliates?

The promotion of IQOption to users from the European (EEA) countries is subject to strict marketing guidelines based on the CySEC’s requirements. All traffic sources used to attract users from EEA countries have to be pre-approved and are regularly checked to ensure full compliance with the guidelines. It refers to all EU countries:

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Republic of Cyprus
  • Czech Republic (more restrictions)
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Ireland
  • Italy
  • Latvia (more restrictions)
  • Lithuania,
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal (more restrictions)
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • the UK (Brexit, no longer in UE)
  • Iceland
  • Liechtenstein
  • Norway

If you are IQ Option affiliate marketer you may have had received email with the following information:

The recent assessment of your EEA traffic sources has shown that they either do not meet the requirements or are unavailable. Unfortunately, this means that we had to suspend your verification for EEA countries. Meanwhile, your affiliate links will keep working in non-EEA countries as usual. As soon as you amend the traffic sources, send them to your manager for re-approval. If they are found to be in compliance with the regulator’s requirements, the verification for EEA countries will be reinstated. Please note that if you do not target the EEA countries at this time, no actions are required.

Please note that the best is not to panic. Once you make appropriate amendments, send your manager a message with a list of the traffic sources you would like to verify for EEA countries. Please be advised that it may take a few days to review them.

To help you understand what to look at first, IQOption compliance team compiled a list of the most common issues:

1. Advertising binary options and digital options in EU/EEA countries.

If your materials are in a language that is widespread in Europe, such as English or Spanish, it should be clearly stated that IQ Option Europe Ltd. does not provide nor promote binary options to retail traders from Europe, and the following disclaimer must be present: “Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page”. In the case when the full disclaimer cannot be added due to limited space, use the short one instead: “Binary options are prohibited in EEA”.

2. Missing or not prominent risk warnings.

All promotions and invitations to open an account (registration links) must include a relevant risk warning that should be written in bold, in a text not smaller than the regular text of the material, in the language of the material, and in a place that would attract a reader’s eye to them. Risk warning texts can be found in the Marketing guidelines section.

3. Promoting to EEA audience instruments or features that are not available to them.

All promotions and invitations to open an account (registration links) must include a relevant risk warning that should be written in bold, in a text not smaller than the regular text of the material, in the language of the material, and in a place that would attract a reader’s eye to them. Risk warning texts can be found in the Marketing guidelines section.

4. Using misleading statements or focusing on the benefits of a financial product or a service only.

A balance between a potential benefit and the relevant risk has to be maintained. Claims like “trading is easy/exciting”, “suitable for everyone/beginners”, “start winning/making/earning money”, “trading leads to success, a change in lifestyle, financial freedom” or any other claims with the similar promotional meaning must not be used.

5. Advertising IQOption on a website that exclusively offers trading signals, social trading, copy-trading, auto-trading, robots, investment advice, or portfolio management services.

Traffic sources dedicated to such topics, as well as gaming or gambling, cannot be used for the promotion in EEA countries.

6. Using outdated content and promo materials.

Most of the materials published a few years ago no longer reflect the current trading conditions and have to be updated. As for the promo materials, please make sure to use the up-to-date ones available in the Promo section.

Again, do not panic, make appropriate amendments and contact your manager for websites approval. Sometimes there is miscommunication but so far I did have every issue resolved by IQOption affiliate manager.

——– Publish date: 07/2018 ———-

CFD Restrictions in the EU – what it means for affiliates

IQoption would like to remind you that CFD restrictions for retail investors in the EEA* (European Economic Area) start to apply from August 1st.

If you haven’t made changes to your traffic sources in accordance to the new ESMA measures yet, we urge you to take the following steps during the remaining 5 days:

Replace the IQOption promo materials you use with the updated versions that include an amended risk warning and check the Promo section on August 1st as there will be more updated banners available by then;

Determine which of the scenarios described below applies to you and add relevant information to all resources mentioning CFDs on Stocks, CFDs on ETFs, CFDs on Commodities, CFDs on Currency Pairs (Forex), CFDs on Cryptocurrencies.

Scenario 1 — if your website is in a language that is used exclusively in a country with EEA membership, such as Swedish and Polish, by August 1st you must include the following disclaimer in reviews, broker comparisons and other pages with room for a longer warning:

“CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”

If there is not enough space for a prolonged risk warning, use this one:

“Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.”

If you’re promoting CFDs with a multiplier, update the information about leverage limits on opening positions by retail clients in Europe which vary according to the volatility of the underlying:

30:1 for major currency pairs (EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD);

20:1 for non-major currency pairs, gold and major indices;

10:1 for commodities other than gold and non-major equity indices;

5:1 for individual equities and other reference values;

2:1 for cryptocurrencies.

Scenario 2 — if your website is in a language that’s used not only in the EEA countries, such as English, Spanish, Portuguese, please make sure to add the following information to your reviews, articles and other marketing materials:

“Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.”

Scenario 3 — if your traffic source is in a language that is not commonly used in the EEA countries, such as Bengali, Hindi, Thai, etc., there is no need for any specific adjustments.

*Countries in the European Economic Area:

All of the EU countries (Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK) and Iceland, Liechtenstein and Norway.)

Sadly, you can’t really use the IQ Option in some jurisdictions.

The list of blocked regions is fairly long:

Russia, Pakistan, Syria, Belgium, Latvia, Australia, North Korea, Sudan, Canada, Iran, Palestine, USA, Israel, Japan and Turkey

The above list should really be verified on IQOption broker internet site.

There are several nations where Binary Options trading on IQBroker is still allowed:

Chile, New Zealand, Argentina, Saudi Arabia, South Africa, Taiwan, Peru, Venezuela, Brazil, Thailand, South Korea, Colombia, Mexico, etc.

The list might most likely be brought up to date now. Please discuss with IQ Option.

Please check out the official internet site and ensure with IQ Option if you can or just can’t trade.

Try free iqoption demo account now

State of the art, ultimate investment platform — on the device of your choice

PC, smarthphone, chart iqoption

⭐️ Minimum deposit is only $10
⭐️ Millions of users around the world
⭐️ Many deposit and withdrawal methods

IQ Option - download on the App Store & Get it on Google Play

Risk warning: your capital might be at risk

Deposit methods on the IQOption broker - Skrill, Neteller, advcash, WebMoney, Perfect Money, Visa, Mastercard

NOTES: This and other articles are not investment advice. They are of an informative nature and are based on external analysis and we do not guarantee that the information is thoroughly checked by us.