IQ Option Review
Where less is more and traders profit big
Binary options trading has become tremendously popular worldwide because it is very easy to understand, even for people with limited (or even no) background in financial markets. Traders follow an asset price, and determine of they believe it will rise or fall in a given time frame. If they believe it will rise, they place a Call option, and if they believe it will fall, they place a Put option. A correct prediction earns excellent profits.
Of course, binary options, like any other type of trading involves risks, so traders, particularly beginners, are wise to check out professional reviews to find the online binary options brokers that best meet their needs.
One of the brokers that we especially like is IQ Option, which offers an extremely user-friendly platform allowing traders to keep track of market trends and to purchase binary options without a hassle or a problem.
Basic Broker Information
- Broker Name:
- IQ Option
- Authority (Jurisdiction):
- Replublic of Cyprus
- Regulated/Licensed by:
- CySEC - License # 247/14
- Registration Number:
- Iqoption Europe Ltd, 19, Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33,
4102, Agios Athanasios, Limassol, Cyprus
- Support Phone number:
- England - +44 20 3318 7173
Russia - +7 800 333 47 55
Brazil - +55 61 3550 0929
Portugal - +351 308 807 766
France - +33 184 887 636
Germany - +49 30 255558698
Indonesia - +65 3108 0941
Spain - +34 91 198 23 55
Italy - +39 06 9480 0470
Australia - +61 261 761 808
- Support Fax Number:
- Not available
- Email Address:
- Most Prominent Partners:
- Aston Martin Racing
What is IQ Option?
IQ Option is a Binary Options broker that provides a user-friendly platform that allows traders to earn excellent profits on projected asset movements. IQ Option also gathers data of stocks, the placement of traders’ investments, and the management of earnings to their users.
Our favorite aspects of IQ Option?
- Extremely user-friendly interface
- Traders can begin trading with only a $10 deposit, making the site accessible to just about anyone
- An excellent library tutorial videos that teach basic and advanced trading strategies
- Low commission and high return on investment (ROI) is a wonderful combination
Account types, bonuses and special promotions?
IQ Option makes things very simple, with three account types: Demo account, which does not require any deposit, The Real account, which requires only $10 in order to trade, and the VIP account, which is based on a $1,000 deposit.
Financial Broker Informations:
- ROI - Payout-Rate (%):
- Up to 92%
- Welcome Bonus:
- Cysec No Bonus
- Minimum Deposit:
- Maximum Investment Per Trade:
- Minimum Investment Per Trade:
- Loss Protection:
- On selected currencies
- Account Types:
- Demo - Real - VIP
- Account Currencies:
- USD, EUR, GBP, RUB, BRL, TYL, IDR
- Expiry Times:
- from 60 seconds through the end of the day
Registration - Opening an account
Opening an account is as easy as everything else on this site. From the homepage, just click on the button at the top of the page that says “Sign Up,” fill in your personal details, and you can start trading very quickly. If you choose to open a Demo account, you can trade without any risk at all (though with no profit either), while you get used to binary options trading in general and the IQ Option platform in particular.
Banking - Deposits and withdrawals
Deposits: IQ Option accepts deposits via Visa, MasterCard, WebMoney, Skrill, Neteller and wire transfer. The minimum deposit is only $10, while the maximum is is $1,000,000 in one day.
Withdrawals: Withdrawals must be made via the same method that the trader deposits funds, and there is no minimum withdrawal amount (the maximum is $1,000,000 in one day). IQ Option does not charge a commission for withdrawals, but your payment aggregator might. Withdrawal requests take up to 3 business days to process, but depending on the payment method being used, may take anywhere from 2-9 days to arrive in the trader’s bank account.
IQ Option has developed its own original trading platform, and has upgraded it regularly based on user requests and trading trends. It’s latest upgrade, the “IQ Option 4.0” includes up to 16 trading analysis tools and enables traders to open up to 9 trading charts simultaneously. All of this greatly enhances the trader’s ability to accurately follow market and asset trends, thus opening the potential for a far more accurate predictions of future asset movements, and higher profits on their purchased options.
IQ Option offers approximately 50 currency pairs, commodities, stocks and indices to trade upon. While this is fewer than some brokers offer, it does represent the most active and volatile assets, enabling maximum ROIs,
How to Trade
Once you have opened an IQ Option account and deposited funds, the platform is very self-explanatory:
- Use the trade window to determine which asset (or assets) you wish to trade
- Select the available expiry time, at which point the trade will close
- Enter the amount of money that you wish to invest on the asset
- Select the direction you believe the asset price will move before the expiry time - Call if you believe it will rise, and Put if you believe it will drop
- Confirm the trade, and watch your balance rise
Like many other aspects of IQ Option, the trade types are kept at a minimum, allowing traders to maintain a clear focus and not get distracted by too many “bells and whistles.” Traders can choose from the standard High/Low binary options trading and Turbo Trading, in which expiry times are 1, 2 and 3 minutes.
One of the most fascinating - and unique - trading options that IQ Option offers is Tournaments. Traders are provided with a special $100 tournament account. Tournament prize money is credited to user's trading accounts in the form of real funds. 75% of users entry fee is transferred to the prize pool.
Is IQ Option a scam?
IQ Option is closely regulated by CySEC, and provides very clear and transparent policies regarding several policies, including deposits, withdrawals, Cash back and Anti-Money Laundering. It is very clear to us that traders using IQ Option have absolutely no cause for concern regarding the broker’s reliability and security and is no scam.
Where is IQ Option available?
IQ Option is available everywhere in the world except in the following countries:
The IQ Option website supports English, Spanish, Italian, Portuguese, Russian, German, Korean, Swedish, Indonesian, Turkish, French and Chinese.
Customer support and security
Aside from the security standards of CySEC, the customer support that this broker gives is one of the bests in the market right now. Apart from their responsive email support, they also have different 24/7 customer service hotlines for England, Portugal, Spain, Russia, Germany, Italy, Brazil, Indonesia, and Australia. The one drawback with the customer service is that IQ Option lacks Live Chat.
Please note that until recently, IQ Option did accept traders from Russia and Australia, and today they can no longer do so. However, the site does still provide support for traders from these countries who opened accounts and began trading when it was possible to do so.
Pros and cons of IQ Option
- Very user-friendly platform
- Extremely high payouts
- Very low minimum deposit and trade
- Trading available 24/7 with excellent customer support in several languages around the clock
- 16 different technical analysis instruments, including trend lines, MACD, MA, Parabolic Sar. Fibonacci Lines and more
- Up to 9 charts on single screen simultaneously
- The site is inaccessible from several countries, including the USA, Canada, Japan and Russia
- No Live Chat for customer service
- Not as many account types, trade types or assets as most other online brokers
IQ Option is an excellent example of the old adage “less is more.” By offering two trade types and three account types and by not overwhelming users with too many from which to choose, traders on the IQ Option platform are better able to focus their trading skills on the best, and most active assets, and find the winning strategies to maximize their earnings while minimizing their risks.