There is no doubt that IQ Option Broker is a renowned name in the Binary Option industry today.
IQ Option is one of the best and reliable platforms for genuine trading out there in the market and has gained lots of patronage by individuals not only because of its simplicity and users’ friendly interface but also for the flexible features it possess and its credibility.
However, while some people may give IQ Option a ten over ten (10/10), others wouldn’t as there may be certain features they find undesirable. We would like to give you some insights into the pros and cons of this Binary Option platform.
IQ Option Broker Review
IQ Option is owned and operated by IQ Option Europe Ltd, located at Silver House Business Centre, 19 Spyros Kyprianou Avenue, 3070 Limassol, Cyprus.
IQ Option came into the limelight sometime in 2012, however they were officially launched in 2013 and ever since then they have strived marvelously well to build a reputable name for their company while maintaining strong relationship with their customers.
Together with their team of experts, they have employed innovative ideas and technologies into the Binary Options market to enable their customers to effectively analyze the trading market and correctly predict the direction of prices. This has driven their position to the forefront as one of the leading binary options brokers in recent times.
IQ Option Forex and CFD Trading
IQ Option has taken its binary option offering to a new level by augmenting it with a traditional trading alternative. You can now get the best of both worlds, binary options and traditional Forex and CFD trading, from one simple account offered by one single broker Spreads and leverage are competitive, and you will not find a broader array of asset choices from even the best regulated brokers in the industry.
IQ Option Regulation
IQ Option is regulated within the European continent and can be contacted with the telephone number +357 25 262 010.
The best way you can help yourself as someone interested in online trading is by choosing a regulated broker. Unless choose a licensed broker, you cannot have a worthwhile trading experience.
IQ Option Trading Platform
The trading platform used by IQ Option is indeed unique and considered by many as the best. It has a friendly user’s interface which was built in such a way to allow flexible navigation even while trading. That is, multiple task and trades can be carried out at same time without affecting trades and you can switch between different on-going trades to monitor the market movements including prices. The user friendly design was directed to suit both newbies and expert traders and have to a large extent satisfied a lot of customers.
There are several distinct features on the platform which can come in handy for users, they include:
These are short video tutorials which explain how the trading system works and how to apply your own trading methods. This is particularly useful to beginners as they can watch these videos as often as they want to gain more understanding.
IQ Option platform comes with various technical indicators such as RSI, MACD, Alligator, Bollinger Bands, ADX, ATR, Awesome Oscillator, CCI, MACD, Fractal, Parabolic SAR and Stochastic Oscillators. These indicators are made available to users and may be applied to your chart, just below, to enhance proper monitory and analyses of the live market.
There are several types of chart available on the IQ Option platform;
You can decide to switch to anyone you prefer at any time. And you can also decide how you want your chart to appear, in relations to previous market chart, dating back to as far as one month.
IQ Option Trading Types and Options
In IQ option just like every other binary option platform, only two trade movements can be taken, that is, call or put.
However, there are two option types you can choose from; the classic high/low Binary Option or Turbo Options.
The classic high /low Binary Options lasts for 15minutes whereas, the Turbo options, which is a shorter and lasts for 30seconds to 5minutes. It is necessary to note that the classic binary options can be extended to over 15minutes.
IQ Option Trading Assets
IQ Options is highly recognized in the binary option market, they offer more than 500 assets.
Owing to their reputation, IQ Option cover very renowned companies like Google, Facebook, Microsoft, Ferrari, and so on. So you have many options to choose from at any point.
IQ Option Trading Accounts
IQ Option offers several account types from which you could select depending on your initial deposit and your business intentions. There are basically three accounts:
A completely free demo account is special gift offered by IQ Option platform which only few others offer. Like we said, It is a completely free account with a deposit of $1,000 which performs all the actions of a real account except that it is based on virtual money. This account is usually opted first by many especially for the newbies as it gives a total freedom to apply your trading methods and technique while allowing you access to the various learning tools in a bid to learn the trade. This is a very beautiful gift offered by IQ Option because it can train you to develop confidence in trading before getting a real account. Also, even while trading on a real account you can always decide to switch to a demo account for more practice.
This is the trader’s real account which will require money deposit by the trader as opposed to the demo account. The minimum deposit is $10 and this is another area where the IQ Option platform has advantage over others. It gives opportunities to people with little funds to equally partake in binary options and also for people who wish to start with little investment as a way of risk management.
This is a special type of binary options account and it requires a minimum deposit of $1,000. Attached to this VIP account are special offers which include provision of a personal manager who will on a monthly basis, analyze your trades with an IQ Option expert and also you will be given back 60% of all your lost trades, participation in trading competitions and faster withdrawals within 24 hours. These are very exciting feature and what is even more exciting is the fact that other platforms that offer similar features do so at really higher money deposits e.g. $25,000.
IQ Option Minimum Amount Per Trade
IQ Option allows a minimum of $1 and a maximum of $500 per trade which is independent of the account or trade type.
This distance between the minimum and maximum tradable amount makes IQ option suitable for people on different trading budget.
IQ Option Banking Details
There are several much secured options to choose from when you eventually decide deposit some money and start trading with your real or VIP account and they include;
Credit card –Mastercard and visa
IQ Option has created a system which permits easy withdrawal.
However, in the case of first withdrawal, your identity has to be confirmed to protect against fraud and to process your withdrawal; you will need to state the amount, currency and payment method. The team ensures that the procedure goes through all the right channels to avoid making mistakes.
Withdrawals are processed within 24hrs. The minimum amount that can be withdrawn is $10 and the maximum is $1 million. Withdrawals can be done through any of the following platforms:
Credit card: Visa Card and MasterCard
IQ Option Payout
When it comes to payout from investments, IQ Option is highly competitive and in fact offers one of the best payout ratios. IQ Option offers as high as 91% payout ratio if your prediction turns out to be successful.
IQ Option Customer Services
The IQ Option team can be contacted via web-form, live chat, email and Skype. From the reports we have gotten so far, they offer satisfactory services and the staffs involved give articulate response and solutions to problems within relatively short periods.
Final thoughts on IQ Option
- IQ Option offers a low minimum initial deposit requirement. This makes it possible for those on a low budget to trade binary options with very low deposit up to $20
- They offer more than 500 assets including Gold, making IQ Option more versatile than many trading platforms.
- IQ Option payout is very competitive. They Offer high payout rates of up to 91% in case of correct prediction.
- IQ Option free demo account is a handy tool that any new trader should not overlook.
- Provision of varying Trading Tools
- A standard trading platform
- Handy learning tools
- Investors from USA, Israel, Canada, Syria, Japan, Sudan, France and Iran are not accepted.
Is IQ Option Scam? Our Recommendation
In summary, IQ Option is a great Binary Option Trading platform to invest in and is relatively affordable. It has really wonderful features you can take advantage of as a trader. So we would recommend that you go for IQ Option and make the most out of it. We wish you well in your investments.
General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Thanks for the time taken to read our IQ Option trading platform review. Feel free to tell us your experience with this broker on the comment section below . Also make sure you subscribe to our mail list to get first hand reviews of binary options brokers and scams.