Review of IQ Option binary options brokerIQ
The most suitable conditions in the company for beginners with no trading experience - demo account, minimum deposit, training opportunities, convenient trading platform and much more.
To make a decision whether to register here or not, read the full review of IQ Option and its features.
|Minimum deal||1 $|
|Payouts||Up to 92%|
|Account currency||USD, EUR, RUB|
|Platform||Mobile, desktop Android, iOS, Windows, macOS, Ubuntu|
What is IQ Option?
When we talk about IQ Option we must understand that it is a relatively young company. The year of foundation is considered to be 2013. The company is legally registered in Cyprus and is regulated by:
The quality of rendered services and democracy of work - IQ Option has created service with the extremely convenient platform, wide range of trading instruments, responsive and fast support service and the widest range of people have access to it all.
IQ option awards:
Century International Quality Gold ERA Award -Business Initiative Directions Group
Best use of technology -The Web Marketing Association
Best Binary Options Broker in Europe 2015 - Global Banking & Finance Review
Most Innovative Binary Options Platform -IFM Awards 2015
Best mobile trading platform -IFM Awards 2015
Fastest growing binary options brand -Global Brands Magazine
Best trading platform -Forex Awards 2014
World Leader in Binary Options -MasterForex-V
The Most Reliable Binary Options Broker -MasterForex-V
The most innovative broker of binary options -Show FX World
Best Binary Option Broker -FX Report Awards
Best application for binary trading -IAIR Awards
The trading conditions offered by this brokerage company are basically the same as the others. They include:
- Profitability is up to 91 percent on classic contracts.
- The size of the minimum deposit is 10 USD.
- Minimal lot 1 USD.
- Registration of the trader.
- Possibility to open demo account.
- Large training unit.
- The ability to install a mobile version of the service.
Perhaps the only feature that is missing from this list is loss compensation.
The creators of IQ Option have developed their own trading platform, taking into account the demands of the modern market and the needs of its users. The awards it has received for its user-friendly and informative interface, as well as its innovations - the Forex Award for best trading platform and the award for best innovative broker presented by Show FX World - speak to the quality of the platform.
This platform works perfectly and flawlessly both on a personal computer and on any type of mobile device. As already noted, it is very convenient in work as its interface is constructed on the dynamic graphics showing fluctuations of price of the trading instrument in a mode of real time. The difference from other platforms of companies broker binary options is quite a wide range of auxiliary tools - it is possible to draw straight and curved lines, and the ability to change the scale of a single part of the chart and much more. On the left side of the screen is an indicator of the current market mood for a particular trading instrument, which helps to make the right decision about entering the trade. There is also a settings panel on the screen displaying the entire trading history, news feeds, etc. There is even an opportunity to watch an instructional video.
If you log in to IQ option, you'll have access to a wide and varied list of assets - it has more than five hundred trading instruments and includes securities of corporations, currency pairs, stock indices and precious metals. A wide range of assets allows the player to choose the appropriate trading strategy that meets the requirements of profitability and risk. The list of trading instruments from the broker, of course, is inferior in number to the proposals of some competing companies, but the young company only plans to increase the number of assets offered in the future.
The broker broker IQ Option offers several bonus programs for its clients. These programs are offered both to newbies who have just registered and to customers who use the service constantly. What exactly are the bonus programs offered and is it necessary to use them?
The possibility of opening a demo account, to which the company provides as a bonus 10000 USD, intended for trading on this particular account. The importance of this bonus lies in the fact that the novice trader does not use his personal funds to trade, but uses the virtual money provided by the company. Thus, if the first experience of a beginner in trading will be unsuccessful and all virtual money will be lost, he will not owe anyone anything.
Also, as a bonus to any user of this broker when making a deposit (or at the time of opening a real account) is offered to increase the amount of capital by charging bonus money.
Types of options
The broker company offers its clients the opportunity to earn on the difference in the price of a binary option at the time of purchase and after their expiration. There are two types of binary options to choose from - these are "Put" and "Call". IQ Option is a company that offers really profitable conditions for trading. Their profitability from one transaction can reach 85%, and at this stage of time no one offers such profitability.
The broker gives the opportunity to trade turbo options throughout the week, including weekends. Therefore, if a player is interested in earning all seven days on a regular basis, all he has to do is log into his personal account at IQ option and get into the process.
When purchasing one-minute options, it is extremely important to make transactions as quickly as possible, and this is exactly what the "One Click Buy" feature is offered to help the trader. Also, the user has an opportunity to observe the current deals of their competitors in a certain trading instrument.
On the official website iqoption.com IQ Option offers its clients an opportunity to improve their education level in terms of trading, as well as their trading skills. For this purpose, a large training block, containing a lot of interactive material, is available. Also, if you log in to iqoption.com, in the section "Traders" select the subsection "Video education", you can find a convenient and informative small course on how to use the trading platform. This course includes ten video clips, which explain in detail the elements of trading strategy and principles of the platform.
How to Deposit and Withdraw
You can withdraw funds in the IQ Option in the same manner as you deposited them. In order to start the process of withdrawal, you need to log in to your account on the IQ Option and submit an application from your personnel office, specifying the personal data and, directly, the method of withdrawal. The client's request may be reviewed for three days and during this period the broker may request additional documents to secure the upcoming transaction. From his personnel office on the official website of the company, the client can monitor the status of his request in real time - first it will be a "request", then "In process" (this is the period when the funds are debited from the deposit) and after the transfer the status "Processed" appears.
Advantages and disadvantages
IQ Option has the following advantages:
- IQOption.com is regulated by CySEC (Commission of Supervision). This is a Cypriot commission that makes sure that all the rules and standards for dealing with customers are followed, which are set in the EU.
- The trading platform is extremely user-friendly and is constantly being improved and adapted to the changing needs of customers.
- After logging in to the official IQ Option website, you can start trading even if you have only $10 on your deposit. Minimal lot is only one dollar.
- Every registered customer may open a demo account and try his/her hand at trading and get acquainted with the intricacies of the trading platform. All this can be done without replenishing your deposit.
- The company has managed to consolidate a whole community of players who want to improve their professional level and have the opportunity to participate in tournaments and receive rewards. There are paid and free tournaments held weekly and in full accordance with the established provisions.
The only disadvantages are the lack of a large selection of commodities, which are now represented only by precious metals: gold and silver.
It can be said that IQ Option is doing a great job to make binary options trading easy and accessible for everybody. The mobile version of the service, a wide range of instruments for chart management will definitely please both new traders and experienced ones. Nevertheless, the list of trading assets offered by the company may to some extent reduce the number of suitable trading strategies.