Although IQ Option was created in 2013, today it has become the biggest and most trustworthy binary options broker in many countries. Thousands of users choose the broker for its innovative trading platform, a great variety of intuitive smart trading tools and efficient support service. In this IQ Option review, you’ll know more about IQ option broker and its advantages.
Top Takeaways for 2019
Although binary options are a comparatively young method of earning on the Internet, the number of traders is growing every year. This is not surprising considering the benefits and profitability of the financial platform. It’s much simpler to learn working with BOs than with other market instruments.
A number of brokers introduces new instruments. For example, IQ Option introduced Forex options which combined Forex profit with fixed binary option losses. On the overall, most BO brokers continue to remove to offshore jurisdictions to become independent of central banks and regulators and launch new products like cryptocurrency trading.
Is IQ Option Safe?
Thousands of users have been cooperating with this broker for a long time. The company is registered in Cyprus under No. HE327751. Moreover, it has an official license and controlled by the most reputable and reliable organizations such as CySEC and EEA. According to testimonials of some users, the broker’s support team always answers the users’ questions. IQ option terms and conditions are pretty clear and do not contradict the standards of BO trading. According to various IQ trade reviews, it also takes additional measures to ensure the security of financial information and personal data of its customers. For example, all data transferred between users’ computers and IQ Option servers is encrypted using SSL technology.
Is IQ Option regulated?
Yes, it is. As it was said above, the broker is regulated by EEA and CySEC.
Is IQ Option a Scam?
Over the years, the broker has managed to earn a good reputation and won numerous rewards. There may be some IQ option broker reviews from beginners that may sound negative, but in fact, the company withdraws money and provides comfortable conditions for beginners and experienced market players. Its advanced trading platform allows for almost complete analysis, and technical support consultants are ready to help and give advice at any time. There is no difference between IQ option and IQ broker, it’s a name of the same company.
Trading in IQ option includes lots of favorable conditions for newcomers and experienced market players:
The ability to start trading with a free demo account.
- Professional binary options training system.
- IQ option trading time exceeds standard market hours.
- The ability to trade worldwide on any device with an Internet connection.
- The ability to trade worldwide on any device with an Internet connection.
- IQ option minimum deposit of 10 USD.
- IQ option maximum trade amount is 20,000 USD for a single transaction
The company offers more than hundred instruments for trading:
- Currencies (Numerous currency pairs like CHF/JPY, EUR/HUF, pairs with Canadians dollars, etc.).
- Goods and precious metals.
- Stocks. There is a wide choice of shares presented on the market including Apple, Ferrari, Vodafone, etc.
- Indices (DowJones, Nasdak, etc.).
- CFD (shares, Forex, etc.).
- Cryptocurrencies (Ethereum, Bitcoin, etc.). The broker offers a unique opportunity to take advantage of leverage when trading cryptocurrency. In IQ option cryptocurrency reviews, users can find out more about additional features and profitable strategies.
Types of Options
The company offers to earn profit on the difference between the options cost at the time of purchase and at the time of expiration of their validity. Traders can buy Call and Put options. It has favorable conditions as the profit from one transaction can reach up to 85%. It also allows trading turbo options even at the weekends when many world exchanges do not work.
Recently, the broker introduced a new tool called digital options. When trading digital options, a trader indicates a strike price, i.e. a price level that may be reached in the specified time period. The platform will automatically calculate the expected amount of potential profit. The supposed profit depends on the chosen strike price of the option.
Currency options are another financial product that suits European traders. They mix Forex and digital options with the potential for unlimited profits and limited losses.
The platform offers to trade turbo options. In this case, the transaction time will be 60 or 120 seconds.
The unique IQ option web trading platform has a convenient interface and intuitive user-friendly navigation. Many functions are available with a single click on the corresponding interface element.
Here are some of the features available:
- A trading history which displays all the transactions.
- A leaderboard showing achievements of other traders.
- Upcoming tournaments.
- A detailed market analysis that provides quick access to the most popular assets and calendars. This function is very convenient for fundamental analysis.
- Charts, indicators and other analysis tools.
Like most modern brokers, IQ option trading for beginners presumes an opportunity to work on a demo account, a simulator of the real strategies with a balance of 10,000 USD. The demo account remains accessible, and most traders practice their strategies even when they switch to a real account.
The company offers three types of account:
- Free Demo account for beginners.
- Real (or standard) account for daily trading.
- VIP account with extended functions and premium services.
To open IQ option account is pretty simple: just click “Sign Up” in the upper corner of the page or visit section “Help” (IQ option for beginners) to view a detailed guide. To switch to a real account, a user submits a copy of his identity document. Account verification may take from 10 to 30 business days.
A trader has 4 options for displaying the price chart: line, bars, Japanese candles and Haken Ashi. If a trader needs a technical analysis, he can superimpose the lines he needs on the chart, for example, to indicate support and resistance levels. On the IQ option online platform, there are many indicators regardless of the trading strategy. All these functions are easily accessible in the lower left corner of the trading interface. It constantly updates them (Ichimoku, DPO and KDJ) to meet the needs of various trading styles.
How to Trade on IQ Option
To begin trading, a user should select the Forex section in the list of available trading assets. After that, he selects the currency pair, indicates the invested amount and sets trade restrictions (stop loss and take profit). It will help you reduce losses and take profit in time if the market turns sharply against a trader. In IQ trading reviews, a user can copy some of profitable strategies
The percentage of return is up to 45% with an erroneous forecast. If a user is not sure of his choice, in the event of a failed transaction, the broker can return up to 45% of the invested funds. It provides the client with its own data on the value of trading assets. Upon receipt of quotes from liquidity providers, the broker sets the final price for the assets of the Forex and CFD markets adding its ratios to this data.
The broker also introduced several new financial instruments such as digital options and forex options, increased leverage, added new indicators and functions. It also began to offer an increased x20 multiplier for trading stock CFDs. In periods of high volatility in the unstable market, the multiplier can become a very profitable way of trading for those traders who are looking for opportunities to earn money from price changes.
Users can copy experienced traders’ transactions thanks to “Live Trades” functions.
The broker follows modern trends in the development of trading and proposes a free IQ option mobile app that can be used by any client of the company (iPhone, Android). IQ option iPhone app and IQ option Android app do not differ in functionality and convenience from the desktop version.
By downloading it to a smartphone, a trader gets a number of crucial advantages: quick access to the market at any time convenient for him, the ability to conduct a full analysis of the dynamics of assets, test strategies, trade in the market, track the status of the account, withdraw earnings from deposit, etc. Find out more about IQ option app on the official website.
Before trading, the broker also offers a special course which is translated into 21 languages. A competent training is the best guarantee of future success, and if a trader takes the course, it will improve a trader’s effectiveness from the very beginning.
The necessary trading tutorials can be found in “Video Training” section and contain a lot of video lessons on working with binary options, technical market analysis, money management, and the use of various price forecasting approaches.
In addition to that, the IQOption blog is also available, where users can learn more about the latest trends in the industry, IQ option best indicators, platform functionality and new strategies. It also offers a description of all technical indicators and many useful articles on improving trading performance and increasing investment returns.
IQ Option holds webinars every week. These webinars and meetings provide customers with the necessary professional growth.
Payment methods is another obvious advantage of IQ Option. Depositing and withdrawal funds is quite simple and includes credit cards, bank transfers, Webmoney, ADV Cash, Skrill, and QIWI. The minimum withdrawal in IQ option is just 2 USD. The minimum deposit on IQ option is 10 USD. Upon the first withdrawal, the broker asks a trader for a standard set of documents to verify his identity to ensure the safety of the financial assets. IQ option withdrawal fees are not applicable except for the commission of the user’s payment system.
The company offers customers to join the partnership program. The company offers two types of cooperation with level of remuneration and statuses. RevShare allows users to earn up to 50% of the company’s profit for attracting new customers. CPA plan is suitable for professional media buyers and marketers and involves payments from 35 to 1,200 USD.
The support service is available 24/7 and gives a qualified answer on any topic that relates to the use of sites and binary options trading within the shortest possible time. Clients don’t have to download any extra programs or utilities to start trading.
FSA and CySEC.
The broker has a great variety of expiration times – from 1 minute to a month depending on the asset.
Pros and Cons
- CySEC Regulation. It can ensure compliance with the customer service standards set by the European Union.
- Demo accounts. IQ broker option provides each registered user with the opportunity to practice trading skills, try various strategies and get used to the trading platform without a deposit and any risks.
- Competitions of traders. The company created regular tournaments with cash prizes to improve trading skills of users. Tournaments are held in accordance with the Terms and Conditions.
- Minimum investment in IQ option is just 10 USD and the minimum transaction amount is 1 USD.
- High-end trading platform: the system is developed inside the company that enables to constantly develop it and quickly adapt to the requirements of traders.
- IQ trading app is compatible with Android and iOS. With IQ option broker app, customers can trade from any part of the world.
- Innovative trading platform regularly updated by the developers.
- Highly liquidity transactions.
- Absence of IQ option trading fees.
- IQ option minimum withdrawal is 2 USD.
- Limited number of commodity assets.
- A number of IQ option supported countries is limited.
IQ option broker is a reliable financial company with a worldwide reputation which become famous for a wide range of services and attractive trading conditions. Unlike other brokers, it has its own high-end smart trading platform, unique instruments like digital option and extended options for trading cryptocurrency.
Despite IQ option available countries are limited, users change their IP and fall back on other secrets to cooperate with IQ.
Find out all about IQ option features on its official website, register an account and start trading.