Best Binary Broker!
Perfect for beginners!
Free Demo Account! Free Trading Education!
Only for experienced traders!
IQ Option Review
IQ Option entered the binary options market in 2020 and immediately became a hit among traders. Their appearance enabled the whole industry to gain a lot of popularity, primarily because this broker offered access to binary options trading for next to nothing. This allowed many people to see what this type of trading is all about without ever having to invest any big amounts. Of course, had this been the only good feature about this broker, the company would never reach the status it enjoys today, and we are here to show you why IQ Option is one of the best choices you can make when selecting a broker.
Today, their offer far exceeds that. After examining the company thoroughly, our experts will share their impressions with you in this IQ Option Review, so sit back, relax and let us introduce you to this great broker.
We begin this IQ Option Review with something new and very exciting because if there’s one thing that is certain to attract a lot of attention, it’s this broker’s new platform. IQ Option 4.0 brings a truckload of innovations to the table, while retaining all the best and most important features.
This is the very first trading platform in the world based on WebGL technology, so you will be able to keep track of up to nine charts at the same time without having any troubles managing them.
Everything is perfectly designed and the platform’s functionality is absolutely superb. Loads of most popular tools and indicators are also available, with their selection being updated regularly, so you will have no trouble tracking an asset’s movements. Speaking of assets, there are more than 500 of them, and they are divided into stocks, commodities, currencies and indices.
As of February 2020, the platform has two very interesting and helpful features that will help traders react even quicker than usual. From this point on, every asset has its Asset profile. Just click the info button below the asset’s name when you’re on the platform and its profile will pop up to give you a short overview and inform you about the trading conditions in real time. The other feature is a detailed Market analysis which collects all the news from the financial market and sorts them in four categories. Therefore, you never have to leave IQ Option platform to browse the internet for the latest data. Everything will be just a click away.
To top everything off, the returns you can get here sometimes get as high as 100%. These are the highest returns in the industry! In addition to all that, the best financial agencies remain IQ Option’s data providers, so you can rest assured you’ll have the latest quotes at your disposal. Keep reading, this IQ Option Review still has a lot to cover.
General Risk Warning: The financial services provided by this website 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.
As is the case with all serious companies in this industry, IQ Option also has a way to provide you with a way to trade on the go. However, the thing that sets this app apart from most other similar products is the fact that it can be downloaded to pretty much any platform and operating system you can imagine.
We’ll start with what more experienced among you will already expect – IQ Option iOS and Android versions are readily available, meaning that you can head on over to Google Play or the App Store and download your app completely free of any charge. Your mobile device will therefore allow you to access all of the most important features of the company’s offer (low financial requirements, free demo, non-stop support etc), plus you will even have access to trading cryptocurrencies through CFDs.
IQ Option Trading Platform 4.0
Best Binary Broker!
Perfect for beginners!
Free Demo Account! Free Trading Education!
Only for experienced traders!
But that’s not all. There are other versions of the app you can download, but these are primarily designed to be used on your desktop and laptop computers. Naturally, IQ Option Windows version is there fore you to enjoy, as is IQ Option Mac version, but Ubuntu users weren’t forgotten either. You can get these apps from the download page of the broker’s website and there you will also find the system requirements for each version of the app. Of course, all of this is free.
So, no matter what kind of device you have on you, you will be able to trade with this broker. IQ Option Mac, IQ Option iOS, IQ Option Windows and other great choices will help you stay in touch with the market. And there really is a lot to stay in touch with – the amount of assets is extremely impressive here. Read on and choose your target.
IQ Option Cryptocurrenies
In the last year or so, cryptocurrencies have become immensely popular with online traders. There are hundreds of coins you can invest in, and the market is extremely vibrant and exciting. IQ option cryptocurrencies are an excellent example of how in tune with the market this company is because they have gone all out on this right from day one. 17 different coins are available for trading, and all of them are the industry’s most popular assets. Each can be analysed quickly and thoroughly and bought with a single click.
But IQ Option cryptocurrency trading stands out from the crowd thanks to an important feature – multipliers. You see, with this kind of trading you can get x5 multiplier, which will effectively mean that all your profits (and losses) will be calculated as if you had invested five times more. In other words, even if you’re not investing a lot, with this multiplier your crypto investment can become absolutely huge. At the same time, you can also benefit from even the smallest market movements because they can be magnified significantly if you’re using a multiplier. But on top of all that, IQ option cryptocurrency section has another surprise for those of you who are interested in this type of investments. A really big surprise. So big, in fact, that it deserves a paragraph of its own in our IQ Option Review.
IQ Option Available Cryptocurrencies
IQ Option Hodly
IQ Option Hodly is the broker’s crypto wallet which allows you to store, but also buy and sell various cryptocurrencies. A product like this is not found very often when you’re examining what other brokers have to offer, so we can certainly give these guys points for originality in this case. Yes, you can buy and sell cryptos directly from your Hodly wallet, which is a huge advantage. This is done through an exchange which comes with the app, so you don’t have to worry about a thing. On top of that, all transfers between Hodly users are completely free.
Apart from this, we have to say that this wallet is very easy to use thanks to its excellent design. More importantly, though, it is also extremely safe to use because most of the funds are kept offline. In addition, your data will be protected by an encryption and a two-factor authentication system. Since IQ option is behind it, you can be sure Hodly adheres to all the standards a wallet of this kind should have implemented. Other interesting and helpful features are also present, but we will let you find some things out for yourself. You’ll be delighted when you do. But the bottom line is that crypto wallet is an excellent choice for both pros and beginners because o its usefulness and simplicity. Now that we’re done with the crypto part of this IQ Option Review, we can take a look at another very important type of trading that is offered to you here.
IQ Option CFDs
As time passed and the company kept developing, it soon became apparent that IQ Option CFDs have to be introduced. Today, this is one of the most popular modes of trading on the broker’s website. Everything you need is here: loads of assets you can use this type of trading on, stop and loss orders you can set in order to manage your trades more efficiently when you’re not in front of your computer and plenty of tools to help you predict market movements accurately.
Since we’re on the subject of stop and loss orders, we would like to draw your attention to a very useful tool, which helps a lot with IQ Option CFDs, but potentially with other forms of trading too. The platform on this website comes with the autoclose feature which allow you to automatically exit a trade once a certain amount is reached. The feature works on the basis of percentages, so you will need to determine how big of a percentage loss you can stomach or how big a profit you want to take. Of course, you can potentially miss out on some great profits this way because the price may continue going your way even after the autoclose feature does its job, but on the other hand it’s great for preventing significant losses.
But back to IQ Option CFDs. The main financial requirements remain the same, only you never have to worry about expiration times here. As long as the market is heading your way, you will profit with IQ Option CFDs. Stocks, forex and crypto are the main types of assets you can use CFDs on, but there were some innovations in that regard on this website, and we will talk about them in just a minute. What we have to say first is that you can expect leverage here in full accordance with the rules of the European Union, which is another excellent example of how careful this broker is that everything is done by the book. In addition, it is also very easy to acquire information about the asset you want to invest on while on this website, which is another big plus here. But if you want to trade on this website, you will need to open an account. Here’s what you need to know about that.
The next part of our IQ Option Review will deal with the broker’s account types. Apart from a completely free IQ Option Demo Account which doesn’t even require a deposit from you, there are two more possibilities for you to choose from – Real and VIP account types. Both of them are extremely well equipped and they offer some very interesting features, too.
IQ Option Demo Account
The VIP account offers some additional useful features such as monthly analysis or a personal manager. You will notice we haven’t yet mentioned the minimum amounts needed to start trading with this broker in this IQ Option Review and that’s because we have a separate paragraph for it. Read on, it’s just below.
General Risk Warning: The financial services provided by this website 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.
Financial requirements are what propelled this broker to the top this industry and our IQ Option Review would be seriously lacking if we didn’t mention them. In fact, our regular readers will know that we declared this company to be the Best Binary Broker in 2020 in this particular category.
So what’s so special about IQ Option? Well, your minimum deposit requirement is only $10, for starters, and you won’t find better deals anywhere else on the market. With these ten dollars, you can open a Real account and enjoy all the benefits it has to offer. Furthermore, the minimum trade is set at only $1 (for binary and digital options), $20 for forex and CFD positions and $30 for fx options, but you can invest up to $5000, which provides you with complete control of your account funds. Again, you won’t find a better deal anywhere else. Want to make a withdrawal? You only need two dollars in your account for that!
Finally, we should mention that the the total amount of deposits should exceed $3000 if you want a VIP account, which is, once again, way below anything other brokers have to offer when it comes to their top-tier account. But it’s not just the low requirements that make this broker so attractive – high payouts are pretty important, too. As a matter of fact, payouts of up to 91% in case of correct prediction are among the highest in the industry, so you really can’t go wrong with this broker. ( November 2020 update: – There are some assets at the moment where IQ Option is offering 100% return on investment). With this topic out of the way, we still have some things left to discuss in this IQ Option Review, so stick with us just a bit more.
IQ Option Deposit
IQ Option deposit methods and safety
If we want this to be a good IQ Option Review, we have to analyze how safe transferring money to and from your account actually is. First of all, we have to say that this is a CySEC regulated broker, meaning the company fulfills all the necessary requirements of the EU. Numerous prizes also prove that IQ Option takes their clients’ safety very seriously.
When it comes IQ Option Deposit Methods, you get to choose between bank wire transfers, Visa, Maestro and MasterCard credit cards and several online transfer methods such as Webmoney, Skrill, Neteller and much more. Everything this broker has to offer is designed to make this type of trading as accessible as possible, so all you have to do is find the winning IQ Option Pattern.
Recently, however, more good new appeared concerning IQ Option payment methods. You now have more options than ever before because the broker has added AdvCash to the list, which is a method pretty much all countries can use, even Brasil and China. Furthermore, TrustPay is now available for traders from the Czech Republic and Slovakia, Przelewy24 for Poland, MyBank for Italy, Trustly for Germany, Entercash for Austria and Germany, and Giropay also for Germany. Therefore, you really can complain anymore about IQ Option payment methods one bit.
But probably the biggest win in this respect the company has achieved is introducing IQ Option PayPal deposit. It took them a while, but even PayPal could not resist partnering up with an illustrious broker like this. When it comes to online transactions, you can’t do any better, so think of this partnership as the ultimate proof of IQ Option’s quality and reliability.
IQ Option Bitcoin deposits are an also an option, which has to be mentioned in this IQ Option Review, too! However, the process is a bit more elaborate here because you will have to have a Cubits account to make this work. From your Cubits account, you will be able to easily transfer your funds to your trading account. The great thing about IQ option Bitcoin deposits is the fact that through Cubits you can actually pay in fiat currencies and then exchange that for BTC. Your funds should be visible in your account balance as soon as Cubits verifies the transaction. But this is just the beginning of new features that have been added here recently. IQ Option Review has more!
IQ Option Deposit
New and unique features
Don’t think that new IQ Option features boil down to adding a new indicator every now and again (they actually do that very often and quite regularly, so you will always be on top of things). Oh no, things are much more serious than that.
Traders will love the fact that a whole bunch of currency pairs were added to the offer recently, so now you can invest in about 40 new pairs which contain some pretty exotic things like MXN or TRY, for example. On top of that, some new CFDs have also become available, but these focus on commodities. That boosts the number of IQ Option CFD options by quite a bit. Finally, cryptocurrency traders have something to look forward too, since Bitcoin x100 has been made available, as well. More casual crypto traders will be able to mage larger moves this way.
Apart from new trading assets, new IQ Option features that can help you get the right piece of information at the right time have also been added. Not too long ago, new IQ Option indicators were added to the list. KDJ, Ichimoku Cloud, Belkhayate Timing and DPO are now there to help you. They are excellent to have around when you’re looking for trends, but Belkhayate Timing is actually an oscillator, so you can get an idea when you should enter or exit a trade. Definitely, these new IQ Option indicators prove that the company is very careful when if comes to providing the latest features to its clients.
But that’s just the beginning. The broker’s Smart Newsfeed can also help out a lot. Now you don’t have to waste valuable time checking various sources for the latest market news. With Smart Newsfeed, everything you need to know will pop up if you click the market Analysis button when logged in. After that, you will see the condensed version of the most important news , and then you can take it from there. The thing is, depending on what your interests are, you will get the relevant news from that field. Ingenious, right?
A new IQ option feature has appeared in the chart section, as well. More experienced traders among you will definitely want to check out Heikin-Ashi. It’s a new type of candlestick charts, but with a twist – it can easily serve as a trading indicator due to the way its main four points are calculated. With just a little bit of practice, you could gain a powerful tool in predicting future movements. Just check the Chart Type part of the platform and choose Heikin-Ashi. It’s as simple as that.
Consider this: all these features have been added in the last couple of months or so. Therefore, you can clearly see that the company is working day and night to make sure their offer is always up to date. But we have just scratched the surface here. IQ Option Review brings you more amazing features.
Investing in options with IQ Option
IQ Option as name was carefully chosen for this company. They started out as a binary options broker, but now they offer two more types of options – digital and the aforementioned FX options. You probably know already how binary options work: simply choose an asset and try to predict whether its price goes up or down. You can also set your expiration date to be anywhere from 60 seconds after opening your trade to the end of the month.
IQ Option digital options are a bit different. Here, you choose the strike price yourself (i.e. the point an asset’s price has to reach). If that point is reached, and depending on how much it is surpassed, you can get returns for your investments of up to 900%! Another difference is that you can only trade in intervals which last between one and five minutes, so you have to be quick to act. Exciting, isn’t it? However, we have to point out that due to strict EU regulations, both IQ Option digital option and binary options are available to professionals only.
Fortunately, if your’re a casual trader, there is no reason to worry. Just a few weeks ago the broker introduced their new fx options, a unique product perfectly aligned with the latest ESMA regulations. FX options come with more freedom and choices to manage your trades however you see fit even before they reach their expiry time. Surely, forex traders will love this. So, digital, binary and FX options, the choice is yours with this broker.
IQ Option Review – Conclusion
Without any doubt, IQ Option is among the very best brokers in the world, and we hope this IQ Option Review explains why. Clever business policy and its flawless execution attracted tens of thousands of traders to this company. With minimum investments, you can really see what binary options trading is all about and you will be extremely well protected every step of the way. A great new platform will also help you have a perfect trading experience, plus you can download the broker’s app in several different versions. But you don’t even have to spend any money if you just want to check things out here – simply open a demo account see what the broker has to offer that way. However, in that case you’ll be missing out on all the thrills all types of online trading can provide, thrills which are certainly worth a dollar or two. So open an account with IQ Option today if you want a complete trading experience.
General Risk Warning: The financial services provided by this website 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.
DISCLAIMER: Binary options are prohibited in EEA.
Beginner’s Guide to IQ Option: Complete Review
IQ Option is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Binary Options, Stocks, Forex and of course Cryptocurrencies.
Founded in 2020 and operated by IQ Option Ltd, the site has quickly became one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world.
IQ Option is also based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.
Risk Warning: Your capital might be at risk.
Take a look below as we walk you through the site and offer our full review of the service.
IQ Option at a Glance
|Minium Initial Deposit
|Asset Coverage||CFDs, ETFs, Forex, Cryptocurrency, Stocks, Indices, Commodities|
|Leverage||30:1 Retail Traders, 1000:1 Professional Traders|
|Trading Platforms||Proprietary Web, Mobile App|
What it Offers
IQ Option is a comprehensive trading platform that provides its users with a wealth of alternatives, and after starting out as a binary options broker, IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and a range of various digital options.
- CFD on Stocks – IQ Option allows users to trade CFDs on stocks from over 176 different companies, including the most successful businesses listed on the NASDAQ and NYSE.
- Cryptocurrencies – Users can also trade 12 of the top cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.
- ETFs – EFT trading is a relatively new product, and ETFs work by tracking commodities, indices and baskets of assets. These can be traded in the same way as common stocks, and traders can choose from approximately 4288 different ETFs.
- Forex –FX trading, or Forex, is an extremely popular trading market and IQ Option provides access to around 188 currency trading pairs. This allows users to trade their favourite foreign currencies with ease.
- Options – Users can speculate on the price of a number of different assets, which include currencies, stocks, indices and commodities. The platform currently provides a gateway to over 10 million options.
IQ Option Demo Account
Like many competitors, IQ Option offers a demo account. However, IQ Option’s demo account stands out. This is because there is no limit on how long you can use the demo account. That allows you to get truly comfortable with your trading techniques. It also allows you to test new trading strategies in the future.
The IQ Option demo account includes $10,000 in virtual funds. If you use all of those virtual funds, you can easily have the amount replenished, allowing you to continue practicing your trading techniques.
Another standout element of the demo account is the fact that you do not need to provide personal information before using it. This is not always the case with competitors. The lack of personal information required for a demo account helps potential clients protect their privacy.
IQ Option Real Accounts
IQ Option requires a low minimum deposit and new traders can start off by just depositing $10 in order to gain access to a live account, there are currently two trading account options:
- Real Account. This can be accessed with the $10 minimum investment and there are no restrictions on trading functionality. This account provides access to over 70 assets and users can request withdrawals that are processed within 24 hours. Real account holders can also take part in various trading competitions held on the platform ( customers outside of the EU ).
- VIP Account. – This is available to Traders who:
- Make a deposit of $1900 or an equivalent amount in other currencies, or Have a trading volume of $15000 “IQ Option Ltd. provides VIP status for traders from non-EEA countries”
- In addition to the features found on the real account, the VIP account also includes a personal manager who is always ready to assist traders with any queries and issues. The VIP account also comes with a monthly report on user trading records, which is performed by the platform’s analysts and gives customers valuable feedback on their performance.
IQ Option Signup
The best way to get started is to sign up via Facebook, Google, or to simply create an account by using an email address. After inputting your details and creating a password you can proceed.
When this is done you can immediately use your practice account or top up your real account before moving on to live trading. A pop-up will notify you of the creation of both your practice account and real account.
IQ Option has developed its own proprietary platform and this makes navigating the site an enjoyable experience. The platform has been generally well designed with an intuitive approach and it’s quite easy to locate all the various tools and features. The free demo account also provides users with the possibility to trade with all of the underlying assets. As a result, there are a variety of options regarding types of trades and users can quickly switch between their preferred assets. The platform also offers a range of charting tools such as Bollinger bands and moving averages which all help enhance trading capabilities.
IQ Option Deposits
With IQ Option, there is a minimum deposit of 10 USD/GBP/EUR. You can select your preferred form of deposit, and IQ Option does not charge any fees for depositing funds.
To make your first deposit, you will need to go through the account verification process which in the EU involves adding your phone, personal information, adding your trading experience and uploading photo identification. Different countries will have different requirements and also will need verification to make withdrawals from the site.
IQ Option offers its customers a number of ways to make deposits and withdrawals to and from their trading accounts. Users can currently use debit services such as Maestro and Visa Electron, or credit cards like Visa and Master Card. Customers can also use a host of payments processors such as Skrill, WebMoney, Cash U, Neteller and Moneybookers.
There is also the option to process payments via Wire Transfer and the current minimum withdrawal amount is $2, while the estimated time to withdraw funds is 1 business day. Your bank may charge fees for this process.
As of the time of writing, IQ Option still does not allow for deposits via PayPal. However, the platform is working to make this an option.
IQ Option Withdrawals
When it comes time to withdraw funds from your IQ Option account, the method used will vary based on the deposit method. In the case of deposits via a credit or debit card, you must withdraw the initial deposit amount onto the card. Since this transaction gets processed as a refund, you can only withdraw up to this amount to your credit or debit card, including deposits made within the past 90 days. Any profit that is over this amount will need to be withdrawn via a bank transfer or your chosen e-wallet.
The e-wallet options for withdrawals are identical to those for deposits, including Skrill, WebMoney, and Neteller. Alternatively, you can withdraw those profits via a bank transfer. Keep in mind that opting for a bank transfer does come with a fee of $31. In the case of deposits made via an e-wallet, you must withdraw the funds to your same e-wallet account.
Regardless of your withdrawal method, IQ Option will process your request within three business days. Bank cards and payment providers may require additional processing time.
Keep in mind that before you can withdraw funds from your IQ Option account, you must verify your account by submitting identification documents. This involves uploading:
- A photo ID, such as a driver’s license or passport
- In the case of a deposit made via a bank card, you must also upload an image of both sides of every card used. Hide the CVV number and the middle digits of your card number. Keep the first six and final four digits visible. This is for your own security.
How to Trade on IQ Option
Trading on IQ Option is relatively intuitive and the trading platform is very well designed. You will see the chart is in the center with buy and sell boxes to the right hand side. Your balance is displayed at the top along with any assets you are currently trading.
You can use the drop down located at the top left of the chart area to choose which instrument to trade. The drop down contains FX Options, Forex, Stocks, Crypto, Commodities, Indices and ETFs and from that you can then select or search for your chosen asset.
You trade right from the Web Trader’s interface. To the right of the graph for your chosen asset, you will see options to buy and sell. You simply fill out the amount of the asset you wish to purchase and submit your order.
You can also place an order easily via the mobile application, and the overall setup is very similar. To the right of your chart, you will see the same options, with the ability to adjust investment, leverage, and price and then select buy or sell. For clarity, this section of the trading platform will also display the spread.
Users can also easily search for their favorite cryptocurrencies and analyze all of the most relevant and up to date information. In addition to offering Bitcoin and Ethereum, IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin, and Monero.
Risk Warning: Your capital might be at risk.
The interface also provides easy to find links to chats, trading history, and customer support, and in the event of any issues, users can quickly open up a dialogue with the support team. Another standout feature is the resources section that provides access to training and education materials. A number of short training videos are integrated into the site and traders can access these resources without having to leave their training accounts.
The demo version of trading platform is also the same as the live version, and traders can improve their skills by using the $10000 of virtual funds that come with the practice account. Even if things go badly, these funds can be replenished, giving traders a consistent pool of funds to practice with.
Order Types & Stop Loss Tools
As is expected of modern trading platforms, IQ Option gives traders a range of order types to reduce risk and customize the trading experience. The variety of order choices lets traders create strategies that are short-, medium-, or long-term and featuring a variable return. Multipliers let traders increase the risk level for an investment with a corresponding increase on the return.
Stop loss orders let traders set maximum losses that they will accept, automatically closing the trade if it is triggered. Take profits do the same thing but when the trade reaches the profit you specify. A trailing stop will lead to dynamic operation of an auto-close at loss, moving with the price in the direction the trader indicates. Purchase at preorders lets traders set a price at which enter the market.
To supplement the order types, IQ Option offers a range of tools for setting stops and take profits. While most brokers just let you select the asset price, IQ Option lets you set the take profit or stop loss at either a percentage, numerous loss, or specific asset price. There is also the choice to apply the dynamic stop loss or trailing stop and the ability to use the balance to keep a position open if it exceeds the stop loss.
There are numerous order types available with IQ Option, with the specific types of order available varying by asset.
- Multiplier orders allow you to increase the return on investment and your level of risk via a coefficient. This is a popular tool among advanced traders, but it should only be used by those with experience due to the increased risk. When used properly, it can dramatically increase potential profits.
- Stop loss orders let you set maximum losses that you will accept. When this type of order gets triggered, it automatically closes the trade to minimize your losses.
- Take profit orders are almost the opposite of a stop loss order. You indicate the amount of profit you want to reach, and the order automatically closes when it reaches this point.
- Trailing stop orders build on the idea of a stop loss by dynamically using auto-close at stop. A trailing stop order will move with the changes in price in the direction that you indicate.
- Finally, a purchase at or pre-order lets you choose the price at which you want to enter the market. When the market reaches this point, the trade will automatically be executed.
To ensure traders can get the most from the IQ Option trading platform, the broker offers a long list of charting tools that can provide insights and help clients craft their trading strategies.
Candle charts are among the most popular for IQ Option traders. These candles indicate a period of time, with solid colors indicating volatility during the given period and points marked for the price at both the beginning and the end of the given period.
Hollow candles are similar. However, instead of always using solid colors, the positive candles are hollow and the negative candles are solid.
IQ Option also offers area charts that show the price in the form of a line, complete with shading for the area underneath. Line charts are similar, but the area underneath the line is not shaded.
Finally, bars, like candle charts, cover a period of time you specify. They indicate the prices at the beginning and end of the period but do so with vertical lines. There are complementary horizontal lines that display the prices at open and close.
With the indicators on IQ Option, you can spot trends and better identify potential trades that will lead to profit. IQ Option offers 13 indicators that are available via the charting interface.
Many can be used independently or together to maximize your results and insights.
- Moving Averages (MAs) include Simple Moving Averages, Weighted Moving Averages, Smooth Simple Moving Averages, and Exponential Moving Averages. These can help provide insights into current trends and can be used with other indicators.
- The Moving Average Convergence Divergence (MACD) shows where moving averages converge and diverge, essentially visualizing the ratio between two Exponential Moving Averages (EMAs).
- The Parabolic SAR has a similar purpose to moving averages. However, the position changes based on the price and it moves in conjunction with higher acceleration. It shows up in a group of small dots.
- The Awesome Oscillator indicates a visualized ratio of two SMAs (Simple Moving Averages), with one fast and one slow. The indicator helps show new trends’ development and completion.
- Bollinger Bands are trend indicators showing a dynamic range for price movement.
- Volume Indicators show the quantities of your chosen asset that were bought and sold within a given period, indicating interest.
- The Alligator Indicator helps you assess market movement in terms of direction and assists with filtering Side Bands (no-trend periods). Overall, this indicator helps traders find emerging trends, and it is cross-functional.
- The Relative Strength Index (RSI) helps figure out a current trend’s strength, as well as potential reversal points. It compares asset price growth (absolute) with the total price reduction, showing it via a curve.
- The Stoch or Stochastic Oscillator indicators show a price’s current position in comparison to the extremes from your selected period. This is shown as a percentage and helps you determine likely reversal points.
- The Average True Range (ATR) displays a trading asset’s current volatility within your chosen period and determines the change rate of quotes.
- The Average Directional Movement Index (ADX) shows a trend’s strength before the price movement begins. It can also indicate potential market volatility changes.
- A fractal is a series that includes a minimum of five Japanese candlesticks, showing the local maxima and minima of price curves as well as market reversal points.
- Finally, the Commodity Channel Index (CCI) measures the speed associated with price movements. It helps traders determine upcoming market reversals and can detect extrema or assess a trend’s strength.
IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience. These include:
IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility regarding mobile trading options. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform. The app also provides push notifications, and users can set key trading levels which result in alerts any time these levels are breached. The app works on tablets as well as smart phones and the platform is available to both Android and Apple iOS device holders.
If you are outside the EU, then Customers are provided with the chance to test their skills against other traders via a number of Binary Option tournaments. These frequent tournaments are usually around 30 minutes in length and require a small entry fee. After signing up, users are given $10k in virtual funds and at the end of the competition; the trader with the highest returns wins a prize.
The prize can be fixed or be related to the number of people who entered the tournament, and at best allows the winner to receive a payment of up to 100x the entry fee. If users deplete their virtual funds, they can buy in again and continue to take part in further tournaments. This provides users with an interactive way to test their trading capabilities as well as pick up new trading techniques.
As always, please note it is possible to lose your entry fees when taking part in competitions.
Education and Training Resources
IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders. These include various trading videos, as well as webinars and tutorials. Users also have access to a number of e-books and an FAQ section that covers the most common questions. These training materials provide valuable information to for traders of different abilities and experience.
IQ Option Affiliate Program
IQ Option offers an affiliate program for those who want to supplement their income by encouraging others to sign up to use the platform. When you become an affiliate, you simply share your affiliate link, whether this is on a website, blog, or somewhere else. From there, a user will click the ad or link. When they sign up, it will be associated with your unique ID.
Your rewards arrive when the users you encourage to sign up start trading on IQ Option. Based on the trading activity of the client, you can earn as much as 70 percent of the broker’s profit. This continues for life, allowing for passive income opportunities. The earnings are paid out two times every month, and you can choose your preferred payment method. To date, IQ Option has 115,410 affiliates in 178 countries. On the day of writing, IQ Option affiliates had already earned $35,015.50 just that day alone. You can view up-to-date figures on the countries, customers, affiliates, and amount earned by affiliates for the day on the IQ Option affiliate page.
The IQ Option affiliate program does not allow for a negative balance, as there are no deductions from your profit, only profits. There is also cross-platform support with options for mobile and web, multilanguage support, and universal links. The program even provides analytics, complete with reports that include data filters.
In addition to the regular affiliate program, IQ Option offers an IQ Option CPA program, which it advertises as among “the most lucrative” programs of its type within the industry. Qualified traders can receive payments between $35 and $1,200. As with the regular affiliate program, the CPA program receives payments twice each month and gets useful data. There is also a convenient calculator to determine approximate income from CPA program affiliates.
History of IQ Option in Numbers
As mentioned, IQ Option was founded in 2020. Since then, the broker has grown considerably and includes specific figures on its website to help show its growth. Starting with the number of active users, there were 8,110,000 registered users in 2020, which had nearly doubled to 14,680,000 by 2020 and reached 25,580,000 in 2020. This represents registered user growth of a whopping 17 million just between 2020 and 2020.
Not only did IQ Option have an expansive growth in active users, but the countries that these traders were from increased. In 2020, IQ Option had traders in 135 countries, growing to 148 countries in 2020, 150 in 2020, and 151 in 2020.
IQ Option also lists the figures related to trades throughout the years. Between 2020 and 2020, the number of daily transactions increased by nearly 70 times. Between 2020 and 2020, this figure grew another 2.5 times. For those interested in specifics, 2020 had an average of 646,000 transactions each day, which increased to 956,000 by 2020 and 1.8 million by 2020.
Or you can look at the figures representing growth in terms of trading volume per month. Between and 2020, this figure increased by about 23 times. In 2020, the figure was $16 million, which became $89 million, an increase of 5.5 times in just a year. By 2020, this was $184 million, more than doubling in just a year. Between 2020 and 2020, the monthly trade volume increased to a whopping $380 million. This means that for two consecutive years, IQ Option doubled its monthly trading volume.
That trading volume does not all stay inside the platform. Instead, there is also an increase in the amount that traders withdraw from the platform each year, showing that the active users are truly earning money. In 2020, traders withdrew $1.5 million per month, which became $5.8 million in 2020 and $10.8 million in 2020. In other words, 2020 saw 1.8 times more money withdrawn by traders from IQ Option compared to the previous year.
It is also worth noting that these withdrawals have increased in speed. In 2020, IQ Option made changes to offer instant withdrawals. This allowed for 68 percent of withdrawal requests to be processed immediately. Now, the average time for processing a withdrawal from IQ Option is just one day. The order processing has similarly improved, now averaging just a second.
IQ Option also offers indications of how its customer support has improved over the years. When chat support began in 2020, there was an average wait of 7 minutes for a reply in chat, which decreased to 4 minutes in 2020, 46 seconds in 2020, and 38 seconds in 2020. On a similar note, the amount of time it took to answer a ticket decreased from two hours in 2020 to 24 minutes in 2020 to just 16 minutes in 2020. Some of this is also due to the growth of the support team, which only had 25 members in 2020 but grew to 39 members in 2020 and 78 in 2020.
The number of affiliates has also grown from 3,000 in 2020 to 84,000 in 2020. This included 21,000 affiliates in 2020 and 48,000 in 2020. Along with the growth of affiliates, those affiliates have consistently earned more every year. Affiliates earned $200,000 monthly in 2020, $810,000 in 2020, $2.3 million in 2020, and an impressive $4.6 million in 2020.
IQ Option Awards
Over the years, IQ Option has accumulated an extensive list of awards, each of which shows off one of the platform’s strengths. The Academy of Interactive & Visual Arts honored IQ Option with the 2020 Award of Excellence, which is the highest honor from the Communicator Awards. IQ Option was recognized by the voting committee as the top trading app in the Financial category.
In 2020, IQ Option earned the Rising Star award for “The intelligent trading app for binary options” from the Mobile Star Awards, the largest annual awards program worldwide for mobile software and innovations. The organization praised IQ Option for its design and efficiency.
The Web Marketing Association honored IQ Option with the Best Technology Application in 2020 for the company’s mobile application.
IQ Option also earned the Century International Quality Gold ERA Award from the Business Initiative Directions Group as recognition for the company’s commitment to Excellence and Quality, especially within Customer Satisfaction.
Going back a bit further to 2020, IQ Option earned the title of Best Binary Options Broker Europe 2020 from the Global Banking & Finance Review. The broker also earned the title of Most Innovative Binary Option Platform from the IFM Awards in 2020, as well as the Best Mobile Trading Platform in the same awards.
Global Brands Magazine, which is a reputable brand observer in Britain, honored IQ Option with the title of Fastest Growing Binary Option Brand. In the Forex Awards 2020, IQ Option was named the Best Trading Platform. Also in 2020, the MasterForex-V awarded IQ Option as the World’s Leading Binary Options Broker and the Most Reliable Binary Options Broker.
The FX Report Awards named IQ Option the Best Binary Options Broker in 2020. In 2020, the same year IQ Option was founded, the company earned the title of Most Innovative Binary Option Broker from Moscow’s ShowFx World conference. At the IAIR Awards, IQ Option earned multiple awards, including the Best Binary Options Broker and the Best Binary Options Broker/Trading Application.
IQ Option Jurisdictions, Languages, and Countries
IQ Option has clients from 151 different countries. The platform and website are currently available in 13 languages, allowing traders from around the world to trade in a language they are comfortable with. For further international appeal, IQ Option lets traders select from one of the following currencies for funding: GBP, EUR, USD, Yuan, MYR, IDR, and RUB.
IQ Option is owned and operated by a company within the European Union. As such, IQ Option has a license from CySec, the Cyprus Securities and Exchange Commission. To receive that license, IQ Option met, and must continue to meet, minimum requirements related to marketing restrictions, client funds, and trading products. The registration in Cyprus as a financial services provider has number 247/14, giving IQ Option the ability to take on European clients, who then receive full CySec protections.
Due to CySec regulations, all client funds must be stored in segregated accounts that IQ Option cannot access for its own brokerage business. CySec regulators also offer a level of deposit insurance, which protects a certain level of all investments made with IQ Option if something happens to the broker.
IQ Option USA
Unfortunately, IQ Option is not available to traders in the United States. The broker is available in 178 countries around the world, but the United States has stricter restrictions and regulations, meaning American traders cannot use the broker. Other countries that you cannot use IQ Option in include Canada, Russia, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan.
IQ Option Customer Support
IQ Option allows users to contact the support team via email, contact form and a chat function. The site claims to respond to all queries within 46 seconds and aims to resolve all tickets within 24 minutes. There are currently around 83 customer service specialists on the team and traders who require a more personalized service can upgrade to the VIP account which comes with a personal account manager.
IQ Option retains an international focus and aims to cater to traders from around the world. The platform offers the possibility to trade in a variety of different currencies such as USD, GBP, EUR, Yuan, RUB, TRY, IDR and MYR. In addition to this the site also provides support in languages such as English, French, Italian, Spanish, Portuguese, Chinese, Korean, Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian.
However, due to a variety of different regulations, the site does not provide its services to citizen or residents of the United States of America, Australia, Canada, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea or Russian Federation.
IQ Option also adheres to the required standards of identification and users should note that when they register for a trading account they must provide their personal data and verify their email address and telephone contact number. Potential users who are unable to do this will be unable to complete their account registration.
- Also after funding your account, you will be asked to provide further personal information in order to complete your account verification. IQ Option will expect to receive copies of identification documents such as:
Passport or National ID Card issued by a Government Authority
- Proof of Address in the form of a Utility Bill or Bank Statement is required from EU residents.
IQ Option Customer Reviews
Most online reviews from customers of IQ Option are positive, but there is the occasional negative review, as should be expected. Some complaints relate to the fact that IQ Option requires KYC procedures to verify your identity before you withdraw funds. However, these procedures are normal for any broker dealing with fiat currency, and even many cryptocurrency exchanges require KYC procedures.
Some users also indicate that withdrawing funds can be challenging at times with the occasional issue related to having an account blocked. However, this does seem straightforward to resolve and may come down to KYC issues; the reviews are not clear on the cause.
Those reviews that indicate complaints against IQ Option are regularly interspersed with positive reviews. It also seems that many of the negative reviews posted online are not actually from customers. Instead, they are from people who claim to have had issues as a way to promote another service. When you look at online reviews from people who claim to be customers of IQ Option, remember to take them with a grain of salt since many are clearly from competitors or people with ulterior motives.
When read with a critical eye, the overall trend of seemingly valid reviews of IQ Option from customers seems to be neutral to positive.
Is IQ Option a Scam ?
While carrying out this review and researching other people’s opinions online, we found a number of complaints from people calling the site a scam. Some reasons mentioned are that they disabled a person’s account which didn’t allow them to withdraw their balance and a lot of disgruntled people who seem to have lost money trading on the platform.
But we also found overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.
In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high quality website and trading software.
Is IQ Option Safe?
In addition to practices such as maintaining segregated accounts for client funds, IQ Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting IQ Option supply added protection of both client funds and information.
IQ Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.
Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.
IQ Option is a company on the rise and has grown to managing almost 15 million accounts and processing 3 million trades per day. The site also enjoys a trading volume of $11 billion a month and pays out approximately $5.7 million to its users on a monthly basis.
The site does have its drawbacks, and users who require extensive interaction with a customer service agent may be unfulfilled by the two account levels. In order to be in consistent communication with a personalized account manager traders are expected to pay a $3000 fee which may be too restrictive for some. The site is also proving to be popular with traders around the world and despite IQ Option devoting time and energy to developing its customer service, there is the possibility that users may have to wait for more than 24 minutes in order to have their queries processed.
Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users. The platform caters to stock, Forex, and cryptocurrency traders and individuals who sign up can be sure to interact with an intuitive platform that provides access to a wealth of resources, and trading options.
Risk Warning: As always with trading, you should know the risks before hand – these are volatile markets where it is completely possible to lose large sums of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.
IQ Option Review
IQ Option was founded in 2020 and has become a universally recognised platform specialising in binary options trading. Their user-friendly platform is proprietary, placing them as the front-runner of all brokers. Although relatively new, it’s obvious to see that they are already at the top of their game, with their impressive yet simplistic website and on-the-go mobile app.
Accommodating 13 different languages, they continue to push themselves to stand out within the online trading market. If you are new to the scene, there is no need to panic; they’re here to not only guide you through the site but also educate each user so that they have all the relevant information to help them make an informed decision about each trade.
Currently, IQ Option offers its traders the highest trading payout amongst the leading binary options firms. While there are an array of special trading features that place them at the top of their game, how do you know if this broker is for you? Do they offer all the benefits of trading that will make your experience the best it can be? We dig deeper into what makes them one of the front runners in online trading.
In this review, you will learn:
What makes them stand out from the others The different types of accounts available How to trade with their bespoke mobile app
Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.
Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.
The IQ Option demo account allows investors to trial the binary trading world, practising with $1000 money for free. Of course, with this option comes limitations such as only having 13 trading assets available. Other trading restrictions apply, but this is a free demo account, and it educates and helps build the confidence of all new beginners. Benefits include no deposit, no telephone details and no credit information.
Aimed at those who have built up their confidence and knowledge through the Demo Account, the Real Account opens up a plethora of different options to users. There are more than 70 trading assets available, and you will have full access to all trading opportunities. Deposits are as low as $10, and traders can compete with other like-minded trading enthusiasts in virtual competitions. Withdrawals are fast and are usually processed in 1 business day.
VIP members are royalty among traders. They have all the benefits that are given to Real Account holders such as 77 trading assets, but many more valuable features also come with being a VIP. All VIP members have a personal manager assigned to them. Access to withdrawals is under 24 hours, allowing you access to your money faster than other account holders.
Trade Types And Payouts
It is common knowledge among binary brokers that one of IQ Option main strengths are their payouts to users, with most traded assets seeing a profitable trade out of around 84%. Of course, this is never a guarantee, as payouts depend on expiry times and the asset that has been selected.
The trading platform is very intuitive, and you can begin trading as soon as you log onto the site and navigate your way to the trading page. Once you get there, all you have to do is select the type of trade option you would prefer, the asset you want to trade and then finally, the amount you would like to trade. They have purposefully designed the website in such a way that it is nearly impossible for users to get confused. As it stands, there are two types of trading on offer. The classic binary option which is called/put and then the turbo option.
This classic option is where users have to decide whether they expect the price of an asset to be higher or lower than the current level by the expiry time. They have expiry times more than 15 minutes.
Turbo options are entirely different from the latter. Turbo Options have their expiry time ranging from 30 seconds up to 5 minutes. Often this is an option usually preferred by the more experienced trader.
With most traded assets seeing a very profitable trade out amount of around 84%.
Bonuses And Promotions
There isn’t a broad range of bonuses available to account holders at this broker. Due to new regulation for EU Based CySEC licensed brokers they are no longer allowed to offer bonus incentives to new traders. As a result, all bonuses previously offered by CySEC EU brokers have been stopped.
There are plenty of promotional videos to be found online, and IQ Option invites its users to watch free educational demos by real-life traders, allowing you to gain tips and gather experience from the professionals. Once you build up your confidence with trading, you can also enter competitions and compete with fellow traders for guaranteed prizes.
The mobile app is currently #1 in 28 countries according to the App Store Ranking (Feb 2020) available from both the Apple app store but also the Google Play store too. Available on iOS (iPhone and iPad) and even Android. One of the key reasons for its success is the impressive yet simplistic features that it provides for users, making trading possible anywhere you can get an internet connection. Although this is an app, don’t have any fears of missing out on crucial information that you would otherwise see on a desktop.
The app covers all the necessary details, laying it out in a mobile-friendly manner so that no mistakes take place with the press of a wrong button. Trading on the go is rapidly becoming more and more popular. IQ Option is available on both Android and iOS devices, and you can download it through the app above stores or the provider’s website.
The mobile app features mirror those of the web-based platform and are simple yet offer high functionality. They haven’t cut any corners in the quality of graphics, and the overall impression of the app reflects the quality of IQ Option’s global standards.
Deposits And Withdrawals
When it comes to their extensive deposit and withdrawal options, they do set themselves apart from all other brokers. You can make a deposit or withdrawal using all major debit and credit cards as well as having the option of wiring the money across. IQ Option prides itself on its high-level security, making each transaction as stress-free as possible for the user. The site follows strict financial regulations making sure it is always abiding by the European banking safety rules.
Withdrawals are simple and can be done both on the desktop and mobile app. It usually takes around one business day to process the withdrawal of funds unless you are a VIP member where it will take less than 24 hours. If you ever find yourself having deposit or withdrawal problems you can call the customer service team 24/7 who will help you out in an extremely efficient and friendly manner.
One of the critical benefits to trading on here is the ability to choose if you want your charts shown as either a line chart or a candlestick chart. Traders are also able to condense the information displayed on the charts so that they can get a better overview of how the market is currently looking.
All these many benefits to trading establish IQ Option as one of the market leaders in binary options, Forex and crypto trading. In addition to the account types, mobile trading experience and bonuses, we take a look at the other features that make this broker an excellent choice for so many:
IQ Option offer other forms of trading including Forex, CFD and Cryptocurrency A multi-faceted platform that delivers a trading experience designed to suit your trading style A wealth of education and analytical tools to ensure that you grow as a trader Low minimum trades and high payouts with 60-second options that aren’t always available with all brokers
There are two main methods of contacting this broker. You can either contact them by phone, they are available 24/7 or else send them an email. They also use all leading social media platforms such as Twitter, Facebook YouTube and Instagram to promote their website and offer users tasty tips on topics like risk management and how not to make a mistake on your first trade. Via Twitter, they are consistently answering customer queries quickly and offering help.
Although IQ Option has free demos and educational videos via their website, they also have a YouTube account where they are constantly uploading videos to help users and show beginners how easy it is to trade. With all the different options of contact available to customers, it is easy to see why this company stand out from other binary brokers. They want users to know that they are never alone during their trading and that they are always available to help through their numerous online social media accounts.
Here are the contact details for IQ Option:
Email – [email protected] Phone – +44 208 068 0760 Address – IQOption Europe Ltd, Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus
To conclude, IQ Option is currently the top binary options trading platform in the market as far as we are concerned. Their trading conditions are highly legit placing them firmly in the lead among all other binary brokers. All research and tests lead us to believe they are not a scam and value their customers. The feeling of security is backed up by licensing and regulation from CySEC, one of the industries leading regulatory bodies. They are highly visible with several methods of contact as well as a strong social media presence.
Equally impressive is their payout and rebate ratios, again unbeatable among their fellow competitors. If that wasn’t impressive enough then their low minimum deposit requirement and minimum trade amount, a known complaint with other brokers should surely seal the trading deal.
With a technically advanced trading platform and an excellent mobile trading offering along with an extensive range of assets, they are committed to providing their customers with a high level of customer service and support when they need. All of these factors mean that when it comes to binary options brokers, they certainly get our vote.
Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.
Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.
Frequently Asked Questions
Is IQ Option legit, will they scam me?
Every broker that we recommend is legitimate. We review them all to ensure that they are regulated and licensed and that they operate within the terms of their licensing.
Do they have a decent mobile or tablet app?
An app is an essential factor for many traders who prefer to trade on the go; they do offer a mobile app both on the App Store and on Google Play Store, so there is something for both iOS and Android.
What bonus do they offer for new traders?
Sadly, they no longer offer bonuses. The lack of a bonus is mainly due to CySEC EU regulation which states new investors cannot be offered bonuses.
Can I start trading on a free demo account?
The demo account is one of the preferred demo accounts as it requires no deposit. You don’t need to enter your credit card details to register and use a demo account.
What’s the minimum deposit and trade amount?
The minimum deposit to open a trading account and start trading is just $10. With a minimum trade of $1, the real beginners can gently move into real trading without spending large amounts of money.
Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.
IQ Option Review 2020 — The Lazy Traders ‘s Guide to Know Everything
IQ Option Review
IQ Option is one of the best known binary brokers, and most people have reviewed it as a top-notch solution. It is more of a representation of what binary trading platforms should look like in the coming years. IQ can be termed as all-around software that accommodates all traders’ needs, and it is, therefore, something that I can confidently recommend.
IQ Demo Account
You can access the Demo account on Android, PC, and IOS. It is recommendable that you try out the free Demo option first so you can evaluate the platform and understand it better. The Demo account reviews show that it is a good platform, but you should give it a free trial first. You can always recharge the available virtual cash if it goes down to less than $5000.
Is IQ Option Legit?
We will answer this in terms of whether the IQ option is verified or it is something you should worry about. For starters, IQ Option Europe LTD is accredited by CySEC, and Cyprus
approves it and authorized by EEA. IQ Option does not only operate in Europe, but also it works in other regions, but it is registered under the name IQOPTION LTD and registered at Gredaniesand St. Vincent. IQ option is well-regulated, and that is a plus. However, the major drawback is that they do not accept traders from Israel, Australia, Canada, Japan, Sudan, Iran, Palestine, N Korea, USA, Syria, Latvia, and Belgium.
IQ Option Payout and Returns
I’m giving the platform a 5 out 5 for returns. The returns are attractive, and if you are looking for a way to make fast and legitimate money, IQ will do you good. The maximum payouts go up to 92% in cases of a successful trade. The weekends are even better, and the payouts go up to 95%. Weekends are the best time to try your luck, but you should note that they only provide cryptocurrencies. Also, the new digital option has higher returns that go for up to 900%.
We will discuss and review more about the new digital feature later. Also, a nice extra is the IQ Option tournaments where you can compete with other traders to make the most tournament money in your account over a limited time frame., Here you can participate with very little or no investments. and the tournament winners can get very very lucrative Rewards. I recommend to give it a shot. It’s a fun way of trading, one time I had joined a small tournament for a 5 USD buy in and was able to get 200 USD in return for my 4th place in the rankings.
IQ Option Software
I would give this software a rating of 10 out of 10 and with good reason. This is the best software that I have seen in the longest time. There is a lot to love about this software and its interface, the layout, and its usability. The platform has excellent features to be discussed further later in this IQ Option review.
To sum it up, we can all agree that the software is super incredible.
Charts, Tools, And Indicators
The platform entails a range of chart options which allow you to choose the one that suits your exact trading needs. These include candles, bars, lines, and Heikin Ashi. Each of these choices has its different features, pros, and cons. For example, if you are technical analysis and following trends, you can go for various drawing tools such as trend line which will help you in setting up price movement’s level of support and resistance.
What’s more? IQ option offers you an array of indicators that lets you choose the best based on your style and preference. You can access all these elements by checking the bottom left of the trading interface.
They have great customer service, and I would give it a 4 out of 5.
One of the things I love most about their customer service is how instantly they reply to inquiries. They have an excellent customer support team that has been set aside to answer all questions within seconds. Nothing beats fast responses when it comes to determining the quality of customer services, and this is something a plus for them.
You will have access to a range of deposit methods, and that is another positive thing about IQ option. It shows that they care about their customers and have come up with payment options to suit every client’s needs. Their deposit forms include eWallets, credit, and debit cards. They also listened to customer demands and have recently introduced AstroPay card and ADV Cash as acceptable methods of payment. This makes it is more convenient for everyone and more straightforward for new traders to join the trading platform. Generally, deposit options vary depending on the country of a client.
The expiry term depends on how long you are willing to hold the trading position. This could range from one minute to one month. IQ has a range of trade expiry period, which mostly depends on the kind of asset that you will be trading. You can hold binary options positions for a range of between 1 to 5 minutes. The other feature to love about this platform is that you have the chance to set trade entry that will happen in the future. For example, you can set a trade entry that you want to occur in the next 2 or 3 minutes.
This firm has been in existence since 2020. It is regulated by CySEC in Europe and approved by EEA. However, because EEA regulates the company, IQ option only provides a particular selection of financial options to the European retail traders.
IQ Option is a subordinate of IQ Option Europe Limited. Their headquarters are in Yiannis Nicolaides Center found in Agiou Cyprus, and the company registration number is HE327751. IQ Option CySEC license number is 247/14. They provide their services to all the citizens of Asia, Africa, Latin America, and the Middle East.
They have great customer support and an exceptional 24/7 international support that comes in different languages. This ensures that they can conveniently communicate with all their customers. Also, traders can reach their support team through email, phone, Skype, or even chat. Their UK phone number is + 44 20 8068 0760.
More About IQ Option Deposit
Let us dig deeper about the deposit options. We already made it clear that they accept a range of deposit options, but what are the terms? For starters, you should know that the minimum deposit amount is $10. This means that you cannot deposit an amount lower than this. The amount is relatively fair and great for those who just want to give them a try before making the final decision. It is quite a reasonable amount for those who wish to deposit and see if the system works before investing in big amounts. It would have been unfair if you had to make a minimum deposit of $50. That will be a significant loss if things fail to turn as you expected.
Now away from the deposit, the minimum amount that you can invest in this trading platform is $1 per trade while the maximum is $20,000. The maximum deposit amount is $5,000, and the available deposit options are MasterCard, bank cards, e-wallets, Visa, Astropay, and ADV Cash.
You may notice that sometimes the deposit will take some time before reflecting in your trade account and there is nothing to worry about. In most cases, though, it will reflect instantly.
update: from the 9th of December 2020 and on, traders will have 3 commission-free withdrawals per calendar month. The calendar month is calculated from the first day of the mouth. Each subsequent withdrawal will incur a commission fee.
Withdrawal options at IQ Option
Now that you understand more about the deposit, it is time to learn more about their withdrawal options. A few years ago, IQ Option introduced instant withdrawal. This means that your withdrawal request will be processed instantly. It is advantageous since you get your cash immediately after making the request and therefore if you were after urgent money, then they got your back. You, however, need to prove your identity first for the withdrawal to be successful and for it to be fast. Ensure that your account is fully verified before attempting to withdraw.
Downloading The App
The best part about IQ Option is that it is available on smartphones. You do not have to be next to your computer to enjoy trading on IQ option. Simply download the app on your Android or iOS, and you will even love that the app is free. The other thing to like about the app is that the features you get on your smartphone apps are the same as you would find if you decide to use a desktop app.
Android and iOS mobile apps are available for IQ Options traders
Do You Need An IQ Option Account?
Although it is not mandatory, it is recommendable that you give the platform a free trial with a demo account. This way, you will be in a position to determine if the platform is worthy or if it meets your expectations.
What Are The Benefits Of IQ Option?
You are probably wondering what it is that makes this trading platform standout and why it is better than most platforms. IQ option has a range of great deals that makes it most people’s favorite. Let’s have a look at some of these aspects;
The platform is easy to use — you do not have to be an experienced trader to be in a position to use this site. Even new traders find it quite friendly and easy to navigate, and this is one of the main aspects that people look for when deciding on the best trading platform to choose.
Accessibility — the other benefit or feature that makes IQ option to stand out is its accessibility. By this, it means that you can easily access the platform from various devices such as on your smartphone, web browser, or on your desktop. You can enjoy trading from anywhere and at any time.
IQ has invested in ensuring that they can offer their customers with educational resources and guide them through the trading process. They have a collection of educational resources like videos, articles, and real-time smart news feed to keep the traders updated at all times and help them keep up with the market trends. They also have a wide range of tradable assets to cover everyone’s needs and answer all questions that traders may have regarding the same. These include cryptocurrencies, binary, stock, and commodities, not to forget ETFs.
Great financial instruments — IQ has done a great job in offering financial instruments to meet the needs of traders from specific regions.
IQ Option Downsides
Anything with upside has a disadvantage, and IQ option is not an exception. There are a few things not to like about them. The first one is that their primary focus is on investors who prefer a short holding term. They do not consider those who want a longer expiry time, and mostly their terms expire within a day unless traders set a shorter period. They, however, have an off month longest option where you can hold your trade position longer.
Do You Need To Open An Account With IQ Option?
If you are still in a dilemma and still wondering if you need to open an account, here is what you need to know first before making your final decision. You should know that their website is professionally designed to offer your simplicity and convenience when using it. This is unlike most broker sites that are filled with clutter. The sites are easy to use and navigate through different sections of the platform. What’s more? You will find all the information you need about opening and using an IQ Option account. It is all well described as you move down the site.
You can access the website through your Smartphone or computer. This is an additional point as it means that you can access your account from anywhere and at any time provided you have your device with you and an internet connection. They care about everyone, and they understand that they have customers from all over, and for this, they have availed the site in 13 different languages. This ensures that every trader can access and understand it regardless of where they come from.
If you are still not sure about whether to open an account, you will be happy to know that the process is super easy. They have also gone out of their way to offer demo accounts where you get to learn more about the account and how to use it. All that is required from you is to fill in your names and email to gain access. The real account, however, needs you to present your identification documents and get verified before you can access it. Verification may take approximately 10 to 30 business days.
The best part about IQ Option is that they have gone out of their way to offer traders with useful and educational resources to guide them on how to open and use the account. Traders have access to more than 200 high-quality videos on the site, all which have been posted to tutor them and answer any questions that they may have regarding account creation. They have also put up blogs and articles explaining the same and ensure that site visitors get to keep up with the constantly changing trends. Even better; they have an informative FAQ section that answers all the frequently asked questions about trading.
Now that you have already created an account, you need to understand more about depositing and withdrawal, and once again, the process is straightforward. IQ accepts different methods of payment, and with this, you can deposit your money instantly at any time with your phone or credit card. Also, they are still adding for payment methods, and with time, they will have more available payment methods. They recently added AstroPay card and ADV Cash to grow their list of acceptable payment methods.
How long does it take for the money to credit to your account? This will sorely depend on your method of payment. The minimum allowed amount that you can deposit is $10 and this is quite friendly compared to their competitors. You do not have to worry about your money going to waste once you realize that the platform is not exactly what you were anticipating for. You are allowed to invest as little as $1, which is the minimum investment amount based on what trading instrument you choose to invest in. Withdrawal is also super easy, and you get money instantly.
You can request your money to be sent through any of the available deposit channels. However, your money can only be sent to the same channel that you used for depositing. Card withdrawals are the most prioritized, and therefore, when creating an account, it is best that you consider it as your primary method of deposit and withdrawal. The trading platform is professionally designed and allows you to access a range of features by one click on the right of the interface. Some of the features to expect from the interface include;
You can access your trading history from when you started and all the details of the past trades
It lets you select an asset by clicking on the + sign located on the top of the interface
You can view the leader board where you get to see how other traders are doing in terms of earnings
You can view the upcoming tournaments
You get access to market analysis, which allows you to view top performing forex and earnings calendar. This is an essential element to guide through your analysis
You only need to make a single clean to reach the support team and have all your questions answered on time
You can view a range of tutorial videos, graphical tools, and different charts
You will also love that they have invested in charts and indicators to make navigation through the site easier, even for the new traders. They are continually updating the charts to ensure that they can accommodate all traders and their preferences and styles. They recently introduced Belkhayate timing, DPO, and KDJ indicators.
The first thing that traders look for when selecting a good trading platform is customer support. IQ Option has proven its worth and has done a great job in offering customer services and ensuring that traders are attended to on time and that they can get answers to all their inquiries. They have integrated a live chat feature that ensures that traders get to have their issues addressed in real time.
Traders get the chance to interact with other traders as IQ Option has added a chat feature that traders can access from their trading accounts. This is super efficient, especially when a trader is looking for tips to be successful. S/he can get them by asking from the rest of the high-earning traders.
How effective is IQ Option? I have already mentioned several times that they offer up to 92% payouts on successful trades. This is a better rate than what most brokers provide, and you can trust that you will be able to reap big from this platform. Their trade expiry time is, however, shorter than most brokers as their speed trading starts from 1 minute to 1 hour. The position holding term that you get is one month.
Complaints about IQ Option
A lot of good things have been said about IQ Option, but that does not mean that there have not been any complaints about it here and there. Some users have had a few negative things to pinpoint about this broker, but it requires you to do some in-depth digging to come across the complaints.
Most of these complaints focus mainly on pricing. Some traders feel that there is an unfair difference between the strike prices and the actual market price. They feel that what they make from the platform is a bit lower than their expectations. Such complaints might be the reason behind the prompt action by CySEC where they withdrew a fine they had imposed on IQ Option for not failure to execute orders for their clients in the best way.
The other common issue that most individuals complained about was regarding the withdrawals.
Some people feel that it takes too long before money reflects in their bank accounts. They wish that it would be as instant as it is when making deposits. It takes approximately 45 business days for the money to reach your account after sending the withdrawal request. This complaint triggered the changes in terms of withdrawal, and since then, IQ Option introduced instant withdrawal. This means that they can now access their money faster, especially when they use debit and credit cards as their method of payment. Most of the withdrawal requests are now processed within 24 hours, and this is a plus for the platform.
Currently, wire transfers are only available in Argentina, Thailand, South Africa, Malaysia, Indonesia, and Vietnam. It is recommended that traders choose their method of payment carefully to avoid frustrations during deposit and withdrawal.
How User-Friendly Is IQ Option
User friendliness has been one of the top reasons why a lot of individuals prefer this site, and to my review, the interface is very easy to use. The design is super amazing, and the sections are professionally laid. The platform has been made for everyone’s convenience, and even the new traders find it super easy to use and navigate. Just a few mouse clicks and you will find yourself at the right place.
The platform has an easy-comprehend interface, but it is a bit cluttered, especially for those who have more than one open trade. It gets even worse if you try to open more than one window. IQ Option mostly focuses on Europe and Asian traders, and you will realize the most of the available languages are from these two regions.
How accessible is the platform? The accessibility of the site has been improved dues to its mobile friendliness and the fact that you can access it virtually from anywhere at any time.
IQ Options is one of the few brokers that offer more than 10million financial assets to traders. Some of these tradable assets include;
This is where they started. Initially, they offered binary options, and these assets have a fixed return of up to 92% on successful trades. You should note that there is no precise amount that you can lose. The amount is proportional to your investment.
IQ Options are trying to keep up with technological advancement and have recently launched digital options. People find this option more and trade conveniently. Digital options come with a range of benefits. For starters, you can get up to 900% returns on successful trades. Your potential returns will be based on your strike price. Also, you can only lose as much as you have invested, and the best part is that you can exit the market if you feel that the losses are too much. You may also do this to lock in profits. Trade position expiry time is between 1 to 5 minutes. Digital options are the best for individuals in non-regulated states where they cannot access FX trades.
IQ Options offers a range of tradable commodities which include oil, gold, and silver. Trading with commodities is the best choice if you wish to hold on your position for an extended period.
ETFs are more like stocks. They come with some pros the main one being that they give traders a chance to diversify their portfolio and buy as many shares as they can afford. They have a choice to buy as low as one share.
IQ Option is among the few brokers that offer their traders more than 165 stock CFDs all from established companies from across the globe.
Forex is one of the people’s favorite training assets in IQ Options, and you can take advantage of this asset and enjoy making up to X1000 returns especially if you are a trader from a non-European country. For the European traders, you can leverage up to X30 returns.
Forex Options are mostly suited for European traders. Most traders opt to combine them with the digital option to get better returns. When done well and in cases of successful trades, you have a chance to get unlimited profits with limited losses. When trading with digital options, you have noticed that you are required to choose a strike price that you feel will work best for you and one that you think that your financial instrument will reach. The platform then calculates your potential returns automatically. It will also show you the potential losses if things go wrong. FX options have an expiry time of up to one hour, and you have a choice to exit the trade to minimize losses or lock profits before its maturity.
Cryptocurrencies are another kind of assets that have been gaining popularity and have become a buzz in the market today. Luckily with IQ Option, you will have access to over 11 cryptocurrencies, and they give you a chance to make as much as you can with these currencies. They offer unique and highly leveraged cryptocurrencies that you might not find anywhere else. For example, with Bitcoin, you can leverage as much as X100, which can increase your profit and loss potential. You should, however, note that the leveraged cryptocurrencies are only meant for traders that are based outside the EEA.
This broker allows their traders to invest in about 11 of the most prominent largest indexes. You also get a chance to enjoy the leverage of up to X 150 when you trade with indices on IQ Options.
Commissions And Effective Returns
IQ Options is among the brokers that primarily focus on short position holding terms. If you are after extremely short terms, you can IQ Options allows you to access turbo options which have expiry dates of about 60 to 120 seconds.
Their short term options have expiry terms of about 1 to 5 minutes, and you may have an increment of 5 minutes after that. The most prolonged position holding period you can take is up to one month. This broker provides traders with decent returns as with a successful trade can for up to 92%.
Contact And Support
IQ Option has been good work and trying their best to offer excellent customer support. They believe that customer support is the key to seeing the customers satisfied, and it is the only way to keep them hooked. For this, they have set aside a group of customer support whose availability is 24/7. This ensures that traders can have all their issues and inquiries solved within the shortest period. They have a direct number, and the good thing is that they have a real person behind the desk. Traders can, therefore, have confidence that all their queries will be answered regardless of how complex they may seem. You can reach their customer support team through a range of channels such as Skype, email, phone, and chat rest assured you will get fast responses.
They have also integrated a chat feature within every trader’s account interface so that traders can chat among themselves. They can take advantage of this feature to inquire when they have problems or when you want to ask about tips from the more experienced or high-earning traders.
Deposits, Withdrawals, And Bonuses
Deposits and withdrawals are quite easy, and IQ options accept a range of payment methods, including e-wallet, credit and debit card. Also, the verification process only takes a short while, and you all ready to start with your trade. It will take you a few weeks for the account to be verified. After verification, you can now make your first deposit, the minimum amount being $10. This is quite a good amount bearing in mind that most brokers will require you to deposit a minimum amount of up to $250.
Depositing is not the only easy thing since withdrawal has been improved and it now takes you the least time to have your money in a bank account. You, however, should note that they will only accept the payment method that you used for depositing to be the same for withdrawal. You should also note that IQ Option does not offer sign-up bonuses. They have to follow the requirements of CySEC.
IQ has made several steps ahead and are now offering unique and super efficient features to improve trade and make the process easier for everyone. They have put together over 200 tutorial videos to provide traders with resources on how to get started and how to use the platform. They also have a demo account which gives traders a chance to do a free trial and see if the platform meets their needs.
The IQ Option trader account gives you access to other tools and features to make the trading process more convenient for you and ensure that what you get matches your preferred pattern. Most of these tools are things that you will not find anywhere else.
IQ Option was launched in 2020, and since then, they have made it to the list of the fastest growing binary options brokers. This shows just how much hard they have been working to ensure that their clients get only the best. They have a wide range of tradable assets and traders’ friendly features, and these things make the platform likable by everyone.
Fresh news available at IQ Option website
IQ Option has made a lot of efforts in introducing new financial instruments such as fore and digital options, and this is another plus for them. They are trying their best to increase leverage, integrate more indicators to make trading as smooth as possible for everyone.
Their hard work does not go unnoticed, and with everything they have been doing, IQ option now oversees transactions of more than $380 per month and an average trader withdrawal of more than $10.8 million in a month.
How Should You Use IQ Option In The USA?
Unfortunately, this platform is not allowed in the USA since the relevant authorities have not regulated them in the US, and therefore, you cannot use it.
How Can You Change Your Currency Deposit On IQ Option?
This is only manageable when making your initial deposit. You can do this by clicking on the deposit button on your account, and a deposit window will pop up. You can then choose your preferred method of payment. Enter the amount and click on your preferred currency. Note that you will be doing all these on your demo account.
How Will You Get A Real IQ Option Account?
It is quite easy. You only need to visit the main website, and you will get the demo account download option. Go to deposit and after choosing your preferred payment method and making your deposit, wait for a few seconds or minutes for the money to reflect in your account. Now you have your real account, and you can start trading. It is recommendable that you verify your account immediately after making your deposit. This is so you can avoid issues when making withdrawals.
Where Is IQ Option Broker Allowed?
The broker is approved and accredited to offer services in a range of European states. IQ Option is also allowed in other non-regulated states like some parts of Africa, Asia, New Zealand, and Latin America. You should, however, note that particular financial instruments are only available in specific regions.
Who Regulates IQ Option?
IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC) in Europe under the license number 247/14. IQ Option is also EEA Authorized.
Where Is IQ Option Headquarters?
IQ Option headquarters is based in Europe, Cyprus at Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol.
Does IQ Option Have A Maximum Trade Size?
Yes, IQ Option has a trade maximum for both real money and demo account. You can make an investment maximum of $20,000 in a single trade.
Is IQ Option Safe?
IQ Option adheres to the regulative requirements in ensuring that their clients are safe. What’s more, IQ Option utilizes SSL encryption technology to ensure that there is no unauthorized access to your account. IQ Option implements strong steps to encrypt the web traffic between the trader’s computer system and their servers to ensure that their clients’ personal and financial details are secured.
Is IQ Option In Any Way Connected To Metatrader?
IQ Option utilizes its designed platform and is in no way associated with the Meta Trader platform.
What Is The Best IQ Option Deposit Method?
IQ Option offers diverse deposit methods, but my favorite option is Skrill wallet. This is because it is easy and fast for deposits and withdraws, and IQ Option will not impose any extra fees.
Which Is The Best Way To Withdraw Money From IQ Option?
IQ options offer you Skrill Wallet that makes withdrawing cash quite easy. The good things are that you don’t get charged extra withdrawal or deposit fee. Besides, you get to withdraw any amount, and the process is fast. The last transaction was completed in less than 24 hrs but it must be a working day.
Is IQ Option A Better Choice?
IQ Option has built up a good reputation in the market over the years. This can be seen from their regulated status and the rewards they have won. From their growth curve, based on the number of withdrawals made monthly, it is clear that they have a good reputation.
As of 2020, traders recorded withdrawals amounted to $1.5 million per month, and as of 2020, the figures had grown to over $10.8 million per month. Their official partnership with Aston Martin Racing from 2020 to 2020 further shows how committed and reputable IQ Option is, and they have and continue to demonstrate how online trading community can be trusted.
How Can I Open An Account With IQ Option?
Opening an account with IQ Option if free and easy; you only need an active email, Google+ or Facebook to sign up. After sign up, you get $10,000 in Demo account that you can freely use. From there you need to deposit a minimum of $10 to switch over to real money account. It is recommendable to verify your identity after switching to real money account to make the withdrawal possible.
Why Is My IQ Deposit Not Working?
IQ deposit could fail due to primary reasons; either your location or platform. If you are opening an account in a region that IQ option does not support, for instance, the USA, your deposit may fail. In terms of the platform, you are using, choosing a payment method that is not IQ supported will render your deposit efforts to fail.
Before proceeding, see to it that your region is supported and that the payment method is available. If you hit any snags, contact customer support for thorough assistance to ease your depositing effort.
What Does CFD In IQ Option Entail?
With CFD, you can hypothesize and trade following the price changes. Based on specific price movements of various assets such as stocks, cryptocurrencies, and indices, CFD in IQ allows you predict whether the asset’s underlying prices will rise or drop in a particular timeframe and trade accordingly. This will enable you to take advantage of the variance between the present and prospective prices, unlike in predetermined returns, as is the case in binary options.
How Can I Trade Forex In IQ Option?
Trading forex in IQ Option is quite easy. All you have to do is to choose the forex option from the “assets list,” choose the currency to match what you wish to trade in, the amount you want to invest and finally the multiplier if you like since it is optional.
After that, the next step is to plan your trade forex by applying trading limits that are, stop loss and take profit. The application allows you to control losses and lock in profits should the markets work against your favor. The next step involves selecting the direction that you think the FX match up price will take to enter a position.
Can I Buy And Sell Bitcoin On IQ Option? How?
Yes, you can buy or sell Bitcoin on IQ Option via cryptocurrency CFDs. However, you should note that the buying and selling doesn’t mean that you actually own BTC tokens, but you will be profiting as you speculate the token’s price movements.
Your Bitcoin activities will generate profits by the variance between the price at trade entry and exit. To trade Bitcoin on IQ Option, you simply visit the cryptocurrencies section and select Bitcoin on the list. After your selection, enter the amount you wish to invest, followed by entering the trading limits this is stop loss and take profit. If you wish to buy, click on “buy” or “sell” if your Bitcoin activity involves selling following your speculation on the expected Bitcoin’s price direction.
What Is Digital Options?
Digital options is a fairly new instrument designed to help you generate higher profits in comparison to binary options. This is made possible by allowing you to choose the strike price, that is, the price you expect the asset to reach, and a timeframe which is over your old position.
After your selection, the platform by design evaluates the expected profit. The best part is that you can exit a trade before its set expiry. This means that you can lock in profits or minimize losses.
How Do I Choose The Best IQ Option E-wallet?
IQ option offers a variety of eWallets to choose from. The best way is to choose an eWallet that you are most comfortable with. Among the available options include WebMoney, Skrill, and Neteller. Skrill is among the favorites owing to its fast processing time and no fees charged.
What Does The IQ Option Broker App Do?
The IQ Option broker app is software designed to run on your Smartphone or desktop. The app is specially designed to ease your logging into the trading account while making it more secure and faster. The IQ Option broker app operates on macOS, Windows, and iOS devices, as well as on Android.
Can I Trade With “Borrowed” Money On IQ Option?
Yes, with the IQ Option multiplier, you can trade with “borrowed” money. The IQ Option multiplier special feature permits you to enter a trade with more money than what you are investing. For instance, if you are entering a trade with $100, you could apply an X50 multiplier that turns your investment to $5000. It means that if your trade is successful, you make 50 times more than you could’ve had you traded with the initial $100 investment.
What Does Crypto In IQ Option Mean?
Crypto in IQ Option is a short form for cryptocurrencies. IQ platform avails various cryptocurrencies. Cryptocurrencies have become a popular virtual currency maintained by blockchain technology. The financial instrument’s popularity has made it a valuable choice for most traders all over the world. You can find 11 diverse cryptocurrencies offers on the IQ Option Best Crypto Platform.
What Are IQ Options Pros?
• Flexible deposit options and accepts credit cards
• Seamless, secure, and fast with trading app
• Islamic account
WARNING! Please Take Note That Your Capital Is At Risk.
Note that when your in the EEA zone (Europe) the Binary options are prohibited
As you venture into CFDs, take your time to understand how they work and see if you can afford to accommodate the risk of losing your money. As they are intricate instruments, CDFs come with a soaring risk of swiftly losing your money due to leverage, taking into account that 74–89% of retail investor accounts lose money trading CFDs.
IQ Option Review
IQ Option is an online trading platform that allows you to trade a variety of financial instruments including binary options, stocks, forex, ETFs, commodities, and cryptocurrency.
This broker was founded in 2020 and is operated by IQ Option LTD. IQ Option has rapidly become one of the most popular trading platforms for traders across the world with over 48,000,000 registered users and over 1,000,000 transactions per day. IQ Option accepts traders from over 213 countries including India, Nigeria, South Africa, The Philippines, Malaysia, Pakistan, Singapore, and many more.
IQ Option is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission).
In this IQ Option review, I’ll tell you everything you need to know about this broker to help you decide whether or not this company is right for you.
Custom-built Proprietary Platform
iOS, Android, Windows, and MacOS
ETFs, Digital Options, Binary Options, Forex, Cryptocurrency, Commodities, Stocks
Countries Not Accepted:
United States, Japan, Israel, Turkey, Belgium, Russian Federation, Australia, Canada, Germany, Italy, Netherlands, Romania, Spain.
Credit Cards, Debit Cards, Maestro, Skrill, WebMoney, Cash U, Neteller, and Moneybookers
Processed Within 1 Business Day.
Table of Contents
IQ Option Trading Platform
Unlike other brokers that use a standard trading platform, IQ Option has a proprietary custom-built platform to cater to the needs of its users. The platform is very easy to use and is well-designed. It has many useful features including multi-chart layouts, technical analysis, historical quotes, volatility alerts, market updates, stock screeners, economic calendars, and more. It’s also available in 13 different languages.
Within the IQOption trading platform, you can trade a variety of assets and financial instruments including stocks, digital options, binary options, forex, crypocurrencies, ETFs, and commodities. However, it should be noted that binary options are prohibited in the EEA.
In the image below, you can see that the chart is in the middle. The Buy and Sell boxes are on the right-side. Your account balance and the asset you’re trading is located at the top of the screen.
On the left-side of the platform, you’ll see a drop-down box which allows you to choose which financial asset you want to trade. Your available assets to choose from include Cryptocurrencies, ETFs, Stocks, Options, Forex, Indices, and Commodities. You can browse assets by category or use their search function to find a specific asset.
On the right side of the trading platform interface, you will have the option to enter the amount you wish to trade and whether you want to Buy or Sell. You can also enter a multiplier if you wish to multiply your potential profit by a coefficient. However, a multiplier increases the risk as well. You also have the ability to close the trade automatically if the asset reaches a certain threshold that you set forth.
Video Demo of How To Trade With IQ Option
What Assets Can You Trade With IQ Option?
IQOption originally started off as just a binary options broker, but they now offer clients the ability to trade Contract For Difference (CFDs) on Cryptocurrency, ETFs, Forex, Stocks, and a variety of binary option contracts.
As of this review, IQ Option allows you to trade CFDs on 169 of the best-performing stocks without opening fees. The minimum investment is $1 for Stock CFDs with leverages up to 1:20. Their list of stock assets include some of the biggest companies in the world such as Apple, Tesla, Amazon, Boeing, and many more.
FX trading is one of the most popular trading markets on IQOption. This broker offers competitive spreads and a wide range of currency pairs including EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, NZD/USD, and USD/CHF. Currently, there are 50 Forex Pairs on the IQ Option platform.
IQ Option gives you the ability to trade CFDs on Exchange-Traded Funds, also referred to as ETFs. An ETF is where many different assets are combined into one basket. There are 25 ETFs currently available to trade.
IQ Option allows you to trade CFDs on 27 different cryptocurrencies including Ethereum, Bitcoin, Ripple, Neo, Cosmos, Binance Coin, Litecoin, Cardano, ZCash, TRON, Stellar, Iota, Dash, EOS, and Bitcoin Cash. You can expect great margin trading leverge and short selling options with quick deposits and easy withdrawals.
IQ Option currently offers CFDs on 5 commodities including Silver, Crude Oil Brent, Crude Oil WTI, Gold, and Platinium.
Trade Types and Payouts
Binary options is a financial instrument that pays a fixed return for a correct market prediction on the price of an asset within a predetermined time-frame, or expiry time. Correctly predicting an asset’s price movement (up or down) can result in a profit of up to 95%. Trading binary options on IQ Option has a $1 minimum investment, $0 brokerage fees, and expiry times ranging from 60 seconds until the end of the month.
Digital Options (CFDs)
Digital Options is a financial instrument that allows you to speculate on the extent of the price movement of an asset. Payouts for digital options can go as high as 900% if the asset reaches the threshold specified by the trader. The minimum investment for digital options is $1 and the expiry times range from 60 seconds to 15 minutes.
IQ Option offers over 15 different technical indicators to help you identify trends and to spot profitable trades. The 15 technical indicators that are available to you include: MA, Volume (exchange), Bollinger Bands, Alligator, RSI, MACD, Parabolic SAR, Stochastic Oscillator, Awesome Oscillator, ATR, ADS, Fractal, CCI, Ichimoku Cloud, KDJ, DPO, and Belkhayate Timing.
In order to help you get the most benefit from trading with IQ Option, the broker offers a variety of charting tools that can help you formulate a successful trading strategy. The 5 charting tools available on IQ Option include Area, Line, Candles, Hollow Candles, and Bars.
IQOption offers clients the ability to trade options and CFDs using their proprietary mobile application. The mobile app works on Android and Apple iOS operating systems. It is available for download via the Apple Store or on Google Play.
The app is very easy to use and has a very clean and intuitive graphical interface. It has the same charting options that you can find on their regular web-based platform as well.
By using the IQOption mobile app, you can:
- Execute Trades
- Check Account Status
- Stay Updated With Market Developments
- Use Charting Tools
- Setup Customizable Alerts and Push Notifications
- And More
IQ Option has 2 different types of trading accounts to choose from: Standard and VIP.
For a standard trading account, just a $10 minimum deposit is needed. Unlike other CFD providers, there are no restrictions on trading functionality. You get access to over 350 assets to trade as well as 24 hour withdrawal processing. You also get access to several trading competitions that are held on the IQ Option platform (only applies to customers outside of the EU).
A VIP trading trading account is only available for clients that deposit $1900 or more within a 2-day period. A VIP account includes a personal account manager, monthly reports on your trading records, and 3% in additional returns. VIP accounts are only available to customers outside of the EEA.
IQ Option Demo Account
Like many brokers, IQ Option offers a free demo account that includes $10,000 in virtual money. There is no limit on how long you can use the demo account for. This offers you the ability to test different trading strategies and to get familiar with the platform before investing real money. If you run out of virtual funds inside of your demo account, you can have them replenished so you can continue practicing.
You don’t have to register or give out your personal information in order to access the IQ Option demo. This is not always the case with other brokers, as a lot of companies require you to provide at least an email address in order to gain access to their demo.
IQ Option has recently came out with a product known as “Cryptocurrency Multiples”. The product basically works the same as a leveraged trade, where the price movements of an asset is magnified by a multiplier. Cryptocurrency multiples was originally produced with the idea of Bitcoin X 100. This essentially increased the price movement by 100X times, which created a large opportunity, as well as risk, for traders.
Due to the popularity of Bitcoin X 100, IQ Option has expanded the concept to IOTA, Ethereum, Ripple, and other cryptocurrencies. The multipliers you have to choose from include X20, X50, and X100. However, the cryptocurrency multipliers are only available for citizens outside of the EU.
IQ Option is one of the only brokers that offer a product called FX Options. Currently, this product is only available for the 5 main currency pairs.
FX Options are available in regulated markets inside the European Union. They are similar to binary options because they offer a fixed-risk investment. You understand the potential profit and risk upfront. Each FX Option has an expiry time and the potential profit depends on the asset’s price. Payouts can reach up to 2000% and there is a minimum trade amount of $30 for FX Options.
It’s also important to know that FX Options can be sold at any time, even before expiry time is reached. This is a useful feature that can help you lock in profits or cut losses.
IQ Option offers its traders a variety of order types and stop loss tools to help minimize losses and maximize profits on binary option trades.
Stop Loss Orders – This feature allows you to set a maximum loss that you’re willing to accept on a trade. When this order type reaches the amount you specified, the trade automatically closes to limit your loss.
Multiplier Orders – This feature allows you to improve your return on investment via a multiplier. If you set a multiplier, the price movement of the asset will increase by 20X, 50X, or 100X. This feature can dramatically increase your profits as a result, but it can also expose you to more risk as well.
Take Profit Orders – This feature is the exact opposite of a stop loss order. You can close a trade early and take your profit when it reaches your specified amount.
Pre-Order – This feature allows you to enter the market when an asset reaches the exact price that you specify. Once the asset reaches that price, the trade will be executed automatically.
Regulation and Security
Over the years this binary option broker has been operational, it has won multiple awards praising it’s quality of service and reliability for customers. IQ Option is recognized as one of the best brokers in the industry by many millions of traders worldwide.
IQ Option is regulated by the CySec and is registered in Cyprus under the company name “IQ Option Europe LTD”. This means that they are able to service clients within the EEA.
For traders that reside outside of the European Economic Area, their trading accounts are managed by a sister company known as “IQOPTION LTD”. This company is registered in St. Vincent and Grenadines, and this entity is not regulated.
The minimum deposit for opening a real account with IQ Option is $10 USD/GBP/EUR. This broker does not charge any processing fees for depositing funds. In order to make your first deposit, you will have to go through an account verification process which might require photo identification. Some countries will have different requirements than others.
For your convenience, IQ Option offers many different ways to deposit money into your account including credit cards (Visa and Mastercard) and wire transfers. This broker also accepts many different E-wallets including Skrill, Maestro, WebMoney, Neteller, Cash U, and Moneybookers. IQ does not accept Paypal as a payment method.
The minimum withdrawal amount for IQ Option is $2. In order to make a withdrawal request, you will need to use the same payment method as your deposit because the transaction is processed as a refund. Afterwards, you can choose whichever payment method you want for withdrawals. Bank transfers may incur a small processing fee.
In order to withdrawal funds from IQOption, you’ll need to verify your identity. This verification process can take up to 3 days and is necessary to prevent fraudulent activity and to secure your account from unauthorized use.
All withdrawal requests are processed by IQ Option within 1 business day. If you request a withdraw to a bank card, it may require additional time depending on your bank.
Is IQ Option Safe?
Yes, IQ Option is safe. This company is one of the biggest and most successful binary option brokers in the industry with over 40,000,000 registered users. They are also licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission) and the FSA (Seychelles Financial Services Authority). All client funds are held in segregated bank accounts for further security. IQ Option is also a member of the Investors Compensation Scheme, which protects client funds up to a maximum of $20,000.
Can You Really Make Money With IQ Option?
Yes, of course you can make money with IQ Option. In order to make a profit, you have to correctly predict an asset’s price movement by the time the trade contract expires. IQ Option offers short-term trades that allow you to make money within 60 seconds if you predict the market direction correctly. Binary options pay up to 95% profit, while digital options pay up to 900% profit.
Bonuses and Promotions
Due to regulations set forth by the CySec, IQOption.com doesn’t offer any type of deposit bonuses.
However, this broker does offer trading competitions that allow you to compete against other traders for prizes ranging from $100 all the way up to $100,000. Unfortunately, these trading tournaments aren’t available for citizens within the EEA. Standard accounts can join the competitions for a fee, while VIP accounts get free entry.
Countries and Languages
Countries NOT Accepted:
Unfortunately, IQ Option is not able to accept traders from the United States, Russia, Canada, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan. The countries listed above have stricter restrictions and regulations, making it difficult for IQ Option to provide trading opportunities to their citizens.
Countries Accepted By IQ Option
IQOption accept traders from over 213 countries including Argentina, Bangladesh, Bolivia, Botswana, Brazil, Cambodia, China, Colombia, Egypt, Ghana, India, Indonesia, Iran, Ireland, Jamaica, Japan, Korea, Nigeria, Germany, Kenya, Malaysia, Maldives, Macedonia, Mexico, Morocco, Namibia, Netherlands, New Zealand, Pakistan, Philippines, Saudi Arabia, Serbia, Singapore, Somalia, South Africa, Sri Lanka, Switzerland, Tanzania, Thailand, Turkey, UAE, Uganda, Ukraine, United Kingdom, Vietnam, Zambia, and Zimbabwe.
IQ Option has various forms of customer support including email, telephone, and online chat. There are currently about 90 customer service support representatives available to assist you.
For your convenience, IQ Option has toll-free phone numbers available in the following countries: United Kingdom, Brazil, South Africa, India, Singapore, Thairland, Colombia, Australia, Mexico, Portugal, Spain, Argentina, and Chile.
For online chat support, the average wait time is an impressive 38 seconds. For email support, the average response time is 14 minutes.
Is IQ Option A Scam?
Absolutely not! As of 2020, this broker has over 41 million registered users from over 213 countries worldwide. The number of active traders is growing every year and there’s no signs of that changing. They also process more than 1 MILLION transactions per day.
IQ Option is a legit broker and one of the most reputable companies in the industry. Their intuitive trading platform is the best around and we highly recommend IQ Option to traders of all experience levels, beginner to advanced.
* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Robert Wolfe is the founder and chief editor of Impact Investing Collaborative. Robert is an expert trader with over 10 years of experience trading binary options, Forex, and CFDs. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When Robert isn’t actively trading or managing Impact Investing Collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.
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My name is Robert Wolfe and I’m an online trader with over 7 years of experience trading financial instruments such as binary options, CFDs, forex, and stocks. I created this website to share my knowledge of the industry so you can avoid the same mistakes I’ve made.
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