Iqoption Review
IQ Option Review
IQ Option is a well-known binary options broker that offers competitive fees and reliable customer support. Beginner traders can register an account with no restrictions while expert traders will enjoy the intuitive trading platform.
IqOption Pros:
The platform has a user-friendly interface that is easy to navigate for novice traders;
The best paying binary options.
Iq Option Cons:
The mismatch between quotes and the actual market price;
the trading platform offers a limited number of timeframes in comparison with Iqoption MT4, without the capability to set non-standard intervals;
Here are some of the more notable findings from our research on IQ Option:
IQ Option is a regulated online broker and offers CFD trading, binary options, and other financial instruments. It is a good option for those who are just getting started in the world of finance.
They offer a wide range of financial products that are appropriate for most traders.
IQ Option has a low minimum deposit and demo account, which make it an excellent choice for traders.
This award-winning platform is easy to use and contains trading tools. Multiple awards have been won in the past by this prestigious company.
- Founded: 2013
- Demo Account: Yes
- Minimum Deposit: $10
- Regulated: CySEC (Cif License #247/14)
- Trading Platforms:
Desktop (macOS, Windows) and Mobile (iOS, Android).
- Payout: Max 95%
About Iq Option
IQ Option began as a binary options broker but now also provides FX, ETFs, stocks, and commodities trades on the platform too-including cryptocurrencies!
Cyprus Securities & Exchange Commission (CySEC) has given them the license #247/14, so they can provide services to traders across the world including in countries such as Norway or Iceland if they abide by Cyprus regulations. Traders mention that it is easy and low risk to trade with this company due to their low deposit minimums, while others say “the free account option” was also a positive point.
Trading Platform
IQ Option is a user-friendly broker that provides tools for traders, such as multi-chart layouts, economic calendars and stock screeners. They also offer their platform in 13 different languages to meet user’s need more efficiently. Unlike other brokers’ platforms (such as Plus500 or eToro). IQ Option offers its services with simplicity and straightforwardness, which is why it has become one of the most popular trading platforms worldwide.
The main screen displays currency value overtime on the chart with buy/sell options beside it; at the top of your screen, you’ll see which asset you are currently trading in (e.g., stocks) as well as how much money is currently in your account and what that number looks like over time.
Mobile App
There are many daily tasks now done on smartphones, so mobile trading is becoming popular with more people. Their proprietary app for the platform works similarly to the desktop version.
Their IQ option mobile app offers a user-friendly interface that you can use on any iPhone or Android phone, making it easier to trade with Forex, CFD, and cryptocurrency. The iOS version was rebuilt in accordance with Apple’s rule changes about binary options allowing it to be available for both operating systems.
Financial Instruments Available
All the different assets you can trade on IQ Option are over 90, including CFDs for Forex, Exchange Traded Funds (ETF), Stocks and cryptocurrencies.
Forex
Forex trading is one of the most popular assets on IQ option. With competitive spreads, over 50 currency pairs and very competitive spreads, this is a great platform to trade FX pairs like GBP/JPY and EUR/USD.
Stocks
IQ Option offers 184 stocks for trade, some of them from the NYSE and NASDAQ. There are no opening fees for stock CFDs, and a minimum investment is $1 with leverage in forex up to 1:20. Some assets listed are Tesla, Amazon Facebook AMD; there’s lots more!
Cryptocurrency
IQ Option is an innovative company that offers cryptocurrency trading. Their 12 different CFDs for blockchain-based currencies like Bitcoin, Ripple, Qtum and EOS will satisfy any needs. In addition to these cryptocurrencies you can also trade with margin or short selling as well as Forex or traditional options at IQ Option.
Cryptocurrency multipliers
The IQ Options platform offers a range of Bitcoin multipliers, from low risk to high-risk ventures. This includes Ethereum (ETH), TRON, Iota and Ripple – as well as different quantities on Bitcoin – which are set at 20x or 100x depending on your preference. One of features they have is the OTN which has been operating since 2018 and offers personal cryptocurrency wallets for users. They also offer specialized coins or tokens like those found in “Crypto World Evolution”.
Iqoption, the company behind OTN tokens is a regulated and reliable blockchain. The exchange has proven itself both for IQ and its users alike. Those who trade on it receive OTNs as an incentive to do so; these can then be traded on the market, where they have paid off well in favor of iqoption – shifting the brokerage industry.
Commodities
You can buy commodities with IQ Option, which are less affected than currency-based assets by inflation or fluctuations. Diversifying your investment portfolio is another reason for purchasing commodities; they offer the option to invest in CFDs on 4 different ones – Gold, Silver, Platinum, and Crude Oil.
ETFs
Whether you’re looking to trade on ETFs or other assets, IQ Option offers the ability to do so. You can choose from 24 different options with a variety of benefits and risks; including semiconductors, energy and technology stocks as well as metals and utility companies. All of these assets are combined into one investment that is traded in bundles called Exchange-Traded Funds – ETFs.
Options
IQ Option offers a wide range of investments and trading features. 49 different options are available, with intuitive binary options trading features that offer accuracy. Their platform offers a variety of fixed returns on expiry ranging from 1 minute to 1 month. However, if you value flexibility over simplicity, their restrictions may be limited due to limits imposed by the investment company.
Digital Options (CFD)
What you mentioned, is a financial instrument that allows people to speculate on the price movement of a particular asset at 900%. The payouts can go up to $10.00 and expiry times from 60 seconds to 15 minutes are available.
Forex Options
Forex options are a type of binary option with definite profit and risk. The maximum payout is raised to 2000%, but the investment amount is fixed at $30, which means if you invest $100 in forex options, your earnings can potentially be up to 2 times higher than what it was invested for. This time frame for expiry alludes that there are pre-defined price points set when investments take place.
Trading Accounts
They offer two types of accounts: one is a standard account, and the other is a VIP account. You can register in less than five minutes for free with its basic version of real trading. After registration, you must make a deposit before using full service!
The process is simple: open up your browser and navigate to their website at https://iqoption.com. You should make sure you have your credit card information at hand! A minimum deposit of $10?
Account Types
- Standard Account – IQ Option is unlike other CFD brokers that have restrictions on functionality. You are able to access 350 assets and you can withdraw your money in 1 day or less with IQ Option. This broker offers tournaments held weekly called IQ Option Tournaments, which give traders a chance to win even more prizes!
- VIP Account –
If you are outside of the European Economic Area and want a VIP account, deposit $1,900+ in two days to be eligible. These accounts come with 3% returns and individual account managers.
Demo Account
The IQ Option virtual account has many benefits. For instance, you don’t have to deposit any money upfront to start it, and there are no time restrictions on it-you can refill your balance of fake money as many times as you want!
The demo account is a great way to test trading methods and strategies without risking much. If you want to trade with real money, the standard or VIP options provide tools that are otherwise unavailable in the demo version of your account.
One reason this online platform is popular among new traders is its wide range of features and flexibility; even once they gain more experience, beginners continue to use it because there are so many great opportunities!
Trading fees and costs
IQoption stands out among other online brokers with its transparent fees. IQoption’s fee breakdown is as follows:
- Spread – Spread is the difference between what a buyer pays and what the seller receives. It varies, depending on different factors like volatility, liquidity or trading hours of the asset in question.
- Commissions – Trades involving cryptocurrency have a 2.9% charge, with no charges for trades in other financial instruments.
- Swap fees – If you open a position on Saturday or Sunday, it will be three times as expensive as if you had opened the same position during the week. These fees go by other names such as overnight funding rates and swap rates.
- Inactivity fee – For accounts that are inactive for 90 days, IQ option will charge a €10/month inactivity fee.
- Withdrawal fee – Withdrawals from their payment service provider are always free. Bank transfers will be $31.
Order Types
IQ option offers a variety of order types and stop-loss tools to help you make the optimal trade.
Stop-loss orders restrict the number of losses you can have and sets a maximum or desired number. When that specific amount is reached, the trade closes and limits any future gains. Multipliers are useful tools used by traders to multiply volumes of investment returns on both sides in order to increase risk management levels, when there is not enough information available about an investment’s success probability. If you’re unsure about taking risks, it might be best not to output multipliers altogether!
A take-profit order is an instruction to close a trade when it reaches the amount of profit you have specified.
The pre-order is a predetermined price to enter a trade. Once the desired price is reached, it will automatically get opened.
Deposits
Different ways to deposit money, but the most popular way is through bank transfers. You can also use your debit card, credit card, e-wallet, or cryptocurrency wallet to make purchases.
The IQ Options platform comes with its own system, AstroPay, which allows you to deposit from countries that don’t have other methods of transferring funds – like Asian nations such as Thailand and the Philippines can be paid through local banks, while Indonesia is available through Banco De Oro.
Making a deposit is easy, but if you run into any issues the customer support team will help you out!
How to Withdraw Money From Your Account
Steps to withdraw money from IQ Option
- Go to IQoption.com;
- Sign in to your account;
Click on the user in the upper-right of your screen;
Click “Withdraw Funds”;
- Select your preferred payment system;
Follow the instructions on the screen.
Payout
- Credit Card/Debit Card Withdrawal
- Wire Transfer Withdrawal
- E-Wallets Withdrawal
The methods you use to deposit money are the same as those used for withdrawal requests. Verification is required, and will depend on how much you deposited originally-the more that was initially contributed, the higher your withdrawals will be. If an account starts out with nothing, then it follows that their withdrawals would also be less than someone who has contributed more in order for their earnings on Swagbucks to increase.
What kind of ROI will you get with the payouts?
For some trades, the users will be able to keep up to 91% of their profit. This is one of the best payouts offered in finance and it’s more competitive than many other brokers, You can also trade at competitive and low-fee spreads on the foreign exchange (FX) and contracts for difference (CFD) trades.
Forex and CFD trading can be risky, but this platform has the tools to help you manage risk. Forex and CFD trading platforms vary in their payout rates depending on what asset type they offer.
Banned and Accepted Countries
IQ Option Europe Ltd provides you with the opportunity to trade financial instruments in many countries and operate in a variety of languages.
List of banned countries
As of now, IQ is not available in the US, Canada or Australia. There are countries such as Belgium, Iran and Israel that they don’t accept as well. Yet many large trading centers offer IQ services as Germany and Sweden do.
South Asia has a growing user base with countries such as Singapore, Malaysia and India where binary options trading is legalised, resulting in an exciting potential user base for them to trade on IQ’s platform. Africa too provides an interesting story, but Nigeria benefits from liberal regulations that allow access to mobile app accounts not available everywhere around the world.
Users in China, Cuba and Malta are not able to trade via the iOS app. Users in Liechtenstein can’t download it on their Android phones either. European users have many options-they can apply for binary or digital trading on a desktop but they cannot do so with an iPhone because of local laws that prohibit such activity.
Can you make money?
Yes, IQ Option is the perfect place for you if you’re looking to be successful and profitable in your trades. Yes, you can make money in 60 seconds if the prediction you made about a trade contract before it expires is correct. This is one of the fastest expiry times for digital options contracts, and they pay up to 900% maximum profit whereas binary options only offer up to 95%.
Promotions and Bonuses
IQoption.com is regulated by CySEC and doesn’t offer deposit bonuses, but it does provide a trading tournament where prizes range from $100 to $100,000. Trading tournaments are not available for EEA accounts (Europe Eastern Europe & Africa). VIP accounts enter the tournament for free while standard account holders need to pay an entry fee into the pool.
FAQ
Financial products carry degrees of risk, so traders should invest funds that they can afford to lose. In order to start trading, it is important to decide if this platform suits your needs the best. Why not take a peak at their website? Here you will find information about demo accounts and tournaments with prizes! (Emphasis added)
IQ Option is not only a reliable broker, but it also has an easy-to-use platform suited for traders from 213 countries. The broker processes over 1 Million Transactions per day and goes by more than 40 million clients.
IQ option is safe. This broker has been around for over 10 years and has had no major issues to date. They are one of the biggest companies in the industry, with more than 40 million registered users! CySEC, FSA and Investors Compensation Scheme (up to $20 thousand) regulate IQ Option as a legit online broker that can be trusted. Their segregated bank accounts hold traders’ funds – which makes them very secure.
IQ Option is a legit online broker and we can recommend it to all traders, from beginners to advanced. They process over 1 Million transactions per day with 50 million registered traders from 213 countries and the number of active traders growing every year. IQ option’s intuitive platform is one of the best in the industry.
Conclusion
IQ Option is one of the most well-known and regulated brokers. They offer competitive rates for trading, and their customer service was excellent according to our team. The mobile app proved to be easy to use as well when it came down to binary options or CFDs in UK markets.
They offer a vast selection of different assets that have low minimum trade requirements, and the platform does not require any money to be deposited for demo accounts.
IQ Options has a number of helpful features, like its “learn” section with videos on investing online and customer support agents, who are responsive when you have questions about your trades or account settings. One option won’t be perfect for every trader but it’s worth taking time to investigate what will work best for you!
