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 it 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 is owned and operated by IQ Option Europe Ltd, located at Silver House Business Centre, 19 Spyros Kyprianou Avenue, 3070 Limassol, Cyprus. They are regulated by CySEC, with the license number, 247/14, and can be contacted with the telephone number +357 25 262 010
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, technologies and strategies 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 Review
Automated Trading System
IQ Options is known for its innovative technologies, the latest being the IQ Option Robot Builder. This Binary Option Robot defines standards and is one of the biggest developments presently in the binary option market. It allows you to either use the default settings or set your own configurations. In other words, you can create your own robot based on certain indicators, and trading strategies you decide to use. It is pretty simple to make and does not require much technical know-how, plus your modifications can be tested before usage using the free demo version and it is completely free. So if you have an outstanding strategy that you would like to apply, you can go for it and save it afterwards. Although this feature is a new one with only few results, it looks promising and reliable.
Note : The Iq Option Robot have been closed down! Use The Option Robot instead.
Binary Option Brokers used to be very generous with bonuses. They offer bonuses to even the minimum deposits as well as other low prices which other brokers wouldn’t even consider to give bonuses to.
However, there has been a new development in terms of giving bonuses following several reported controversies. It came from the regulatory bodies and has moved to put an end to giving out bonuses.
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 easily switch between different on-going trades to monitor the market movements including prices. The simplicity of its 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:
Tutorials: These are short videos 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.
Indicators: there are 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.
Chart display/type: 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.
Types of trades/ Option types
In IQ options 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 Options is highly recognized in the binary option market, like other platforms, it offers up to 500 assets. Owing to Their reputation, they cover very renowned companies like Google, Facebook, Microsoft, Ferrari, and so on. So you have many options to choose from at any point depending on the profit ration each have at that point in time.
Types of 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 profits can’t be withdrawn. This account is usually opted first by many especially for the newbies as it gives a total freedom to apply your 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 and to try out different strategies without any risk of losing your money.
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. However it is recommended that you invest with substantial amounts to yield maximum profits.
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 trade success 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.
Trade 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.
IQ Option Banking
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
Following your investments, when you begin to generate profits and decide to withdraw them, you wouldn’t have to panic or worry much because IQ Option has created a system which permits easy withdrawal. However, to make your 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. For real account, applications for withdrawals are carefully processed within three working days. 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 earnings from investments, IQ Option is highly competitive and in fact offers one of the best payout ratios. An investor can earn as high as 91% payout ratio in case of correct prediction on an investment.
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.
Low minimum initial deposit requirement
High payout rates of up to 91% in correct prediction
Free Demo Account
Provision of varying Trading Tools
A standard trading platform
Handy learning tools
Few assets in commodities (gold and silver)
Investors from USA, Israel, Canada, Syria, Japan, Sudan and Iran are not accepted.
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: Binary options trading carries 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.