IQ Option Review
Why IQ Option?
With a growing selection of great binary options brokers to pick from, it is becoming increasingly difficult for the aspiring trader to choose a broker to work with. IQ Option is one of the brokers that has worked very hard to separate itself from the rest. IQ Option is one of the most exciting binary options brokers to come on the scene in recent times. They have one of the most innovative and impressive trading platforms that we have seen. Their minimum deposit requirement is only $10 and their minimum trade size is just $1. IQoption also has some of the highest payouts in the industry, reaching as high as 92%. On top of all of this they offer an absolutely free unlimited demo account. IQ Option is EU regulated by CySec which provides a sense of security for traders. However, as a result of this, they are unable to accept US clients.
IQ Option Company Overview
IQ Option entered the binary options market in 2013, so it has been around for only a couple of years. The company is owned and operated by IQOption Europe Limited, a corporate outfit out of Cyprus. However, IQ Option’s office is in London, UK, although it is regulated by Cyprus’ CySEC, under license number 247/14.
The company has sought to set itself apart from the competition by providing a trading experience unlike any other based on the provision of an innovative trading solution that makes binary options trading easy, pain-free, and even exciting. So far, the company has won top awards for its innovativeness and reliability.
IQ Option Trading Features
A Great Trading Platform
First off, IQ Option offers an intuitive, easy-to-use, yet revolutionary, proprietary trading platform that will offer a premium trading experience. The broker also offers mobile trading platforms for Android and iOS devices, which means you can trade on the go. The asset quotes the company uses are provided by Thomson Reuters.
The company also stands out for its great payouts on binary option contracts. In particular, the broker offers payouts of up to 92%, which are some of the best rates currently in the market.
There are three account types you can open with this broker, one of which is the demo account, which lets you trade in only 13 assets. The standard account, which the broker refers to as the “Real” account, lets you trade in over 70 assets, and offers bonuses of up to 80% on each deposit. Withdrawals take 3 days on this account. You can open a “Real” account with as little as $10.
The other account, known as the “VIP” account, has better terms, although the initial deposit has to be $1,000 and above. This account offers 100% bonus on each deposit, and you only have to wait 1 day for the withdrawals to be processed. The account also offers exclusive perks such as a personal account manager. This account also has over 70 assets available for trading, just like the “Real” account.
Great For Trading In Stocks
To put it simply, IQ Option offers a full package when it comes to trading assets. In its long list of assets are currency pairs, indices, stocks, and commodities. With this broker, you will be able to bet on the price movement of assets such as Amazon and Facebook stock, Gold, S&P 500, and both major and minor currency pairs.
Great Trading Resources
IQ Option has an interactive web-based education system, which also offers a decent selection of high quality learning resources. On its “Education” page on the site, you will find a total of 10 short videos that will teach you anything from how the platform works to trading binary options as a beginner as well as how you can use various trading strategies and statistical analysis tools to be more successful in your trading.
The broker’s focus on how various indicators, for instance, Bollinger Bands, RSI indicator, and SMA can be used to craft great trading strategies is quite laudable. Essentially, this means you won’t need to do research outside the site to find the education needed to make informed trading decisions if you are a complete novice to binary options trading.
IQ Option Deposits And Withdrawals
The minimum you can deposit on your IQ Option account is just $10. Deposits of can also get deposit bonuses of up to a 100%, depending on the account type. Withdrawals, on the other hand, can take 3 days to go through, although they can take as little as 1 day, again, depending on the account type.
The minimum amount you can withdrawal is $10. The request for identification documents before making a withdrawal also varies with the chosen withdrawal method. Should you choose to use this broker for your trading activities, you will enjoy a generous selection of deposit and withdrawal modes. You can use credit cards, e-wallets services such as Skrill and Neteller, WebMoney and CashU, and even Wire Transfer.
IQ Options Customer Service
This broker has quite a reputable customer service department. In fact, the company has won recognition for its trustworthiness, and that does not come without the backing of great customer support. When trying to get in touch with the company representatives, you can call, email, and even fill out a contact form. The later offers an easy way to ask questions on various services such as trading, finance, and the use of the demo account.
Few binary option brokers can deliver as good a trading experience as IQ Option can. Although this broker entered the market in 2013, it has made available trading services that will keep both small and bigger traders happy. Among other things, the broker offers a broad selection of trading assets, a one-of-a-kind trading platform, great trading conditions, high payouts, several payment processing methods, comprehensive learning resources, and a reliable customer service department. So, if you are looking for binary options broker that is more than likely to accommodate all your trading needs, you should certainly give IQ Option a chance.