IQOption Review
IQ Option is an online trading platform that was established in 2013. The platform is owned and managed by a Cyprus Investment Firm (CIF) called IQ Option Europe Ltd which is a regulated entity. Since IQ Option first began operations in 2013, over a few short years, this broker has managed to differentiate themselves from other brokers in the industry.
The most noticeable difference is the IQ Option’s proprietary trading platform . Rather than opting for a white-labeled trading platform provided by a third party online trading solutions provider, IQ Option developed their own trading platform which is specifically designed to meet the needs of their traders. For example, the IQ Option’s platform comes integrated with an advanced charting package and a wide range of preloaded technical indicators such as Bollinger Bands, Moving Average, RSI, and MACD.
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Another factor which makes IQ Option extremely attractive among traders is the low minimum deposit requirement . By pegging the deposit requirement at $10, IQ Option has truly made online trading affordable to everyone. There is also the provision of the free demo account which potential clients of IQ Option can sign up for and use to test the services offered by IQ Option without having to risk their money first.
IQ Option Video Review
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IQ Option Regulations
As mentioned earlier, IQ Option is a regulated broker through the holding company IQ Option Europe. This authorizes this broker to act within most of the Eurozone.
IQ Option Reliability
IQ Option is regarded by many in the online trading community as one of the more reliable brokers in the industry. IQ Option has put in tremendous effort over the past 4 years to ensure that their clients will have a fulfilling trading experience when trading binaries on IQ Option’s trading platform.
The fact that IQ Option is regulated is another indication of this broker’s reliability. As a regulated broker, IQ Option is legally obligated to participate in the administered “Investors Compensation Scheme”. In the event IQ Option is faced with an insolvency issue and is unable to fulfill its contractual obligations, traders at IQ Option can file a claim for compensation.
IQ Option is also widely recognized by the financial industry as a reliable broker. The numerous awards and recognition which the broker has received and won over the years are all testament to IQ Option’s reliability.
Unlike most brokers in the industry, IQ Option uses a proprietary trading platform that has been developed specifically to meet the trading needs of the broker’s clients. In December 2015, they launched the latest version of their trading platform, IQ Option 4.0 platform. The purpose of the platform upgrade was to ensure a seamless trading experience for IQ Option’s traders. Some of the new features that can be found on the 4.0 platform include allowing traders to extend their market analysis to a time frame of one month using candlesticks. In addition, IQ Option also added 2 years worth of price quotes to the historical price database hence enabling traders to access a wider spectrum of historical price data before making their trading decisions.
Other advanced trading features that can be found on IQ Option 4.0 platform include the addition of several new technical indicators such as the Awesome Oscillator, Stochastic Oscillator, MACD and Parabolic SAR. These new additions will certainly help to enhance the market analysis of traders using the IQ Option’s trading platform.
Mobile Trading
For traders who need to be on the move, IQ Option has also provided mobile versions of their newly introduced trading platform. The mobile trading app can be downloaded at GooglePlay Store and Apple’s App Store . Based on the Apple App Store’s ranking, the IQ Option mobile app is ranked high in many countries.
IQ Option Trade Types/Instruments
In terms of available assets, IQ Option has many different types of assets to choose from:
Majors & Minors Forex Pairs
US Stocks
Eurozone & Global Stocks
Global Indices
Commodities
IQOption Cryptocurrencies Trading
IQOption is one of the few brokers, that is regulated by the Cyprus Securities Exchange Commission to recently start offering crypto trading services to its clients. Today, the broker focuses on providing forex and CFDs trading services to its clients. With its proprietary trading platform, IQOption’s clients can also trade in 11 different types of cryptocurrencies using CFDs. The full list of cryptocurrencies that are available for trading at IQOption includes the following:
Bitcoin
Bitcoin Cash
DASH
Ripple
Ethereum
Ethereum Classic
IOTA
Litecoin
Monero
Omisego
Santiment
Zcash
At IQOption, you can trade cryptocurrency CFDs with leverage as high as 1:5. This gives you the advantage of entering the cryptocurrency market with a lower capital than would be possible had you resorted to buying and selling the actual physical cryptocurrency.
With cryptocurrency CFDs, you can also open a trade with an investment amount as low as $10 hence making cryptocurrency trading much more affordable. The fact that you are investing in CFDs means that you do not require a cryptocurrency wallet to hold your investments. This, in turn, means that your investment is safe from being hacked by hackers intending to steal cryptocurrencies. Finally, with crypto trading at IQOption, you have the benefit of negative balance protection. In short, you can never lose more than what you invested in a position.
IQ Option Account Types
IQ Option has provided their traders with 3 different types of trading accounts .
Standard Trading Account
VIP Trading Account
Demo Account
Standard Account
The Standard trading account requires only a minimum deposit of $10. With this account, traders can access all the available trading instruments and can participate in IQ Option’s weekly tournaments.
VIP Trading Account
For traders who want that extra special service, they can opt for the VIP trading account. The VIP account requires a minimum deposit of $3000 and gives VIP account holders access to additional trading benefits such as:
3%* extra payout
Personal Manager
Free entry to tournaments
*Amount to be credited to account for a successful trade. VIP clients have extra payouts on some assets.
Demo Account
The demo account is free to access and only requires traders to register with IQ Option. Registration is a simple and quick process which can be done by completing the registration form and submitting it to IQ Option or simply logging in to IQ Option using your Facebook account. Once you have logged into your demo trading account, you will be given $1000 virtual cash to use for your practice trading.
IQ Option Deposits and Withdrawals Options
Deposits at IQ Option can be done through several methods such as credit cards, eWallets, and bank wire transfers. All major credit cards such as VISA, MasterCard, and Diners are all accepted by IQ Option. For eWallets, the supported wallets include Neteller, Skrill and Webmoney.
For withdrawals, the methods used are the same as for making a deposit. IQ Option doesn’t impose a minimum withdrawal amount. Processing of withdrawal requests is usually done within 24 hours. However, it should be noted that it can take as long as 7 days before the whole withdrawal process is completed.
IQ Option regularly holds trading tournaments which traders can participate in for free or for a small entry fee. Depending on the type of tournament, the cash prizes for these tournaments can range from $100 to close to $100,000.
IQ Option Customer Support
Customer support at IQ Option is available 24 hours a day 7 days a week, live chat support is provided to all IQ options clients who have deposited funds into their trading account. Nevertheless, IQ Option should be commended for supporting their website in a dozen different languages for non-English speaking traders.
*IQ Option does not accept traders from the following countries: USA, Canada, Australia, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran.
IQ Option Pros and Cons
Pros
24/7 Customer Support
High returns Intuitive Trading platform
Regular Tournaments
Regulated broker
Cons
Do not accept traders from the following countries: Russia, Japan, Turkey, and France.
Live chat support available only for real account holders.
IQ Option Q&A
IQ Option Europe Ltd. is registered at Cyprus and is regulated by CySEC. IQ Option Ltd. is registered at Seychelles, this entity is not regulated.
How safe is IQ Option – Is IQ Option a scam?
Apart from abiding by all regulatory requirements, IQ Option also takes strong measures to protect the integrity of their clients’ personal and financial information. All internet traffic between the trader’s computer and IQ Option’s servers are encrypted using SSL technology to prevent any unauthorized access.
Where is IQ Option based?
For IQ Option Europe, their office is based in Cyprus at Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Limassol. For IQOption Ltd, its registered office is located at Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles.
How to deposit in IQ Option account?
To deposit money into an IQ Option trading account, you can use your credit/debit cards, eWallets, and bank wire transfer.
How to withdraw money from IQ Option?
Withdrawal of funds at IQ Option can be done through credit cards, eWallets, and bank wire transfer.
How to open an account with IQ Option?
To open an account at IQ Option, you can sign up by filling out the registration form or by logging in to IQ Option using your Facebook account. Once you have opened an account you will need to verify your identity.
Yes. With its regulated status and numerous achievements and recognition awards won over the years, IQ Option has demonstrated to the online trading community that it can be relied upon and trusted.
Does IQ Option use MetaTrader?
No. IQ Option does not use the MetaTrader trading platform. Instead, it uses a proprietary trading platform designed specifically to meet its clients’ trading needs.
Conclusion
IQ option, among all the established brokers in the industry, has proven themselves to be a cut above the rest. Their proprietary trading platform is unique and easy to use. It is also one of the most advanced trading platforms that one can find in the trading industry. With their low deposit requirement and regular tournaments, IQ Option is probably one of the best Value for Money brokers for any trader .
*General Risk Warning : The financial products offered by the company 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.
