This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders
About IQ Option
What is IQOption?
IQ Option is an innovative and intuitive trading platform fit for beginners and experienced investors. Traders who are looking for a safe and reliable broker can opt for it. You can make deposits and withdrawals through various modes of the banking system. While reviewing, we will take you through the trading instruments, fees, verification steps, cryptocurrencies offered, etc. This platform is easy to use and has won multiple awards too.
Let’s now take you through a detailed review of this online trading platform.
Overview Of IQ Option
The trading history of IQOption dates back to 2013. Since 2014, the trading platform has had almost 48,000,000 registered users. The number of users is growing since then.
Their trading platform has trading instruments like ETFs, commodities CFDs, forex, stock CFDs cryptocurrencies CFDs, binary, and digital options.
IQOption has 2 legal entities:
- IQ Option Ltd, based in Cyprus and regulated by CySEC, is intended for citizens who reside in the EEA. Not binary and digital options are offered. They are banned by ESMA, the European Securities and Markets Authority since 2018.
- IQOption LLC, with headquarters in St. Vincent and the Grenadines, with no regulation, can onboard clients from non-EEA countries. Binary options are allowed. Some countries include South Africa, India, Indonesia, Mexico, Brazil, Colombia, Saudi Arabia, New Zealand, Taiwan, Malaysia, and South Korea.
They have won the following awards:
- Best Binary Options Broker and Best Binary Options Trading Application: At the IAIR Awards Ceremony, the platform won the Best Binary Options Broker award. It also won the award for best developer and creator of the trading app.
- 2017 Award of Excellence: It is the highest honour received among the Communicator Awards. They got this award for exceeding industry standards in terms of achievement and quality. The Voting Committee recognizes their app as the best one in the 2017 Financial Category.
- Awarded as The Intelligent Trading App For Binary Options: They’ve received the award for Intelligent Trading App for Binary Options. The Mobile Star Awards presents this award to them for their design and efficiency.
- Century International Quality Gold ERA Award: The award recognizes the outstanding commitment and excellence toward customers. The Business Initiative Directions Group presented this award.
Other than these awards, the platform won Best Technology Application by Web Marketing Association, Best Binary Options Broker Europe 2015 Award, Most Innovative Binary Option Platform, The IFM Award for Best Mobile Trading Platform, and much more. Nearly 213 traders from across the globe can access this platform. Almost one million transactions take place every day. Read on to find more about them.
They have their own binary options trading platform developed by a group of top IT specialists and traders. Their interface is very friendly.
IQ Option Download
Their trading app can download for Windows, macOS, Android, and iOS.
Almost 1 million trading volume is registered each day. The trades per day increased by nearly 800%. Since 2016, the traders were able to process 68% of the withdrawals. Let us give you a sneak peek into the charting functionality, graphical tools, indicators, etc.
When you register and log in, there will be a chart on the main screen. The top of the screen will show your trading account balance. The list of assets will be there too. The Chart will appear in the middle, and the buy and sell button on the right. On the left-hand side of the screen, choose different trading assets. You can find the specific assets too. Put the amount you want to buy or sell. In the charting functionality, choose to set the thresholds and close the trade to avoid spending much amount.
Their technical indicators help you to know which type of trade will prove profitable. The indicators you can choose from are:
- Bollinger Bands
- Parabolic SAR
- Alligator RSI
- Ichimoku Cloud, and much more
- Graphical Analysis Tools
They provide a wide variety of graphical tools. The charting options here help to map the trading strategies. The graphs offered are Line, Hollow Candles, Area, Candles, and Bars.
There is a perfect mobile trading platform available on iOS and Android. You can download it for free on App store and Google Play store.
Instruments You Can Trade On IQ Option
- Stocks (CFD): They allow you to trade the stock CFDs on 192 best-performing stocks without any opening fees. You can start with a minimum investment of $1 for stocks and leverage up to 1:20. The list of stocks includes giants like Tesla, Apple, Boeing, Amazon, etc.
- Forex: Foreign exchange or FX trading is the most popular option here. It is the largest liquid market having an average daily turnover of $US 6.6 trillion. You can start with the $10 minimum deposit. Currently, the platform has 33 Forex currency pairs.
- ETFs: There are 23 like Gold Miners ETF, Down Jones Industrial ETF, and S&P 500 ETF.
- Commodities (CFD): You can trade 3 commodities (Crude Oil Brent, Crude Oil WTI, and Gold).
- Cryptocurrency (CFD): There are 19 Cryptocurrencies including Ethereum, EOS, Ripple, Bitcoin, Bitcoin Cash, OmiseGO, TRON, Ethereum Classic, Qtum, ZCash, Litecoin, and Dash. This broker helps with quick deposits and withdrawals, comfortable trading, short selling, and a flawless customer experience. There is a great margin trading leverage too.
- Binary: This trading instrument provides guaranteed returns for correct prediction . You can speculate the price movements of varied currency pairs, stocks, and commodities. Start with a minimum investment of $1.
- Digital: You can speculate on the price change and not only on the general price direction. If you reach the threshold selected by the trader or the strike price, you may get higher returns up to 900% (in case of a correct prediction). The minimum investment is just $1.
*Available only with IQOption LLC, non-EEA clients.
Trading Conditions at IQ Option
You can carry out the options payouts for the potential profits through wire transfer, e-wallets, credit cards, and debit cards. The ROI on your deposits may go up to 100% (in case of a correct prediction).
The spreads on the CFD trade and FX are competitive. The fees charged are lower than many brokers. Payouts will depend on the specific asset and its expiry date. Even the platform offers risk warning and management tools too.
Apart from this, the multipliers here are nothing except the leverage. The maximum leverage ratios you can get vary from 1 to 300. If you do not trade keeping in mind the threshold of assets, you may lose the money.
The minimum trade you can do with is $1, and the minimum deposit you can start with $10. It is lower than many other platforms.
- Commissions: 2.9% is charged for the cryptocurrency trade, but other financial instruments have no charges.
- Inactivity Fee: This trading platform charges €10 monthly.
- Swap Fees: It is known as overnight funding fees, and the fees vary from 0.1% to 0.5%. This fee is 3x higher for positions that are opened on weekends.
- Withdrawal Fee: There is no fee for the withdrawals except for the bank transfer that is $31.
Type Of Accounts
- Demo Account: There are no deposits required and no time restrictions too. You can refill it with $10,000 that is not real money. The IQ Option demo account helps you to practice certain strategies. There is no risk of financial loss involved too. If you want to trade with a real account, switch to standard or VIP accounts.
- Standard Account: You can start it with a minimum deposit of $10. It will give you access to almost 350 assets and one business day withdrawal option.
- VIP Account: It’s suitable for professional traders. You will get a personal manager and quicker withdrawals. You need to deposit a significant amount (please, ask IQOption team for the exact amount required). Customers outside the EEA can use this account.
Deposits & Withdrawal Options
The minimum deposit method is $10. You get various deposit options like:
- Visa Card
- Net Banking
- Perfect Money
These methods are instant except the UPI that takes 1 to 3 business days.
You get one free withdrawal in each calendar month. It will not depend on the payment method you use. A few withdrawal methods are:
- Visa or MasterCard
- Bank Transfer
- Perfect Money
The withdrawal with Visa/MasterCard is instant except for others that may take 1 to 3 business days. However, your accounts need to be fully verified for deposits and withdrawal process.
Registration At IQ Option
Step 1: Confirm your email-ID You will get a confirmation code to verify your trading account.
Step 2: Enter your country code and phone number, and then confirm it.
Step 3: After this, you must upload your documents for verification. You have to submit:
- Photo ID of your driving licence and passport
- If you are using your bank card for deposits, then upload a copy of both sides of the card.
- Send the scan of your ID for e-wallet deposits.
- These documents will be verified within three business days after you will make a withdrawal request.
IQ Option platform is available in 16 languages: English, Arabic, Portuguese, Spanish, Bengali, Turkish, German, Italian, Chinese, Swedish, Thai, Hindi, Korean, Vietnamese, Indonesian, and Russian.
At this platform, the video tutorials offer you insight on top trading market news, trading of CFDs, Binary Options, etc. Even there are videos on Forex, trading basics, margin trading, options trading, Crypto digest, and much more.
The FAQ section sorts query related to Trading, Deposits and Withdrawals, Account-based, verification, and tournament. Even the Blog section gives an insight into the latest trends, safety functionalities, analysis of the financial market, etc.
Get 24*7 customer support service via phone calls and live chat.
IQ Option provides the following country phone numbers:
- Thailand (+6621040795),
- Kenya (+254203894272)
- Venezuela (+582127710472). Spanish.
- English Line (+13468009001)
Promotions and Online Trading Tournaments
IQOption does not offer any promotions/ bonuses but organizes online trading tournaments. VIP account holder gets free entry, but standard account holders need to pay a fee.
Each tournament comes with its unique terms and conditions, and the leaderboard features the traders according to the prizes won. A few tournaments are weekend, summer, or monthly. You can choose them according to duration and the entry fee (for standard account holders).
IQ Option Summary
IQ Option is one of the leading online trading platforms. The company has been in operation since 2013 and has 7 million registered users. They offer a free demo account with $10,000 as well as over 200 assets to trade. IQOption also offers a Max. Payout of 100% and does not charge any commissions on deposits or withdrawals. They also have Cryptocurrencies available to trade and a minimum deposit of just $10. Iq Option is a great choice for those looking for a reliable and user-friendly online trading platform.
How does IQOption work?
IQ Option is a trading platform that allows you to trade CFDs options on stocks, commodities, indices and currencies, and also options (binary and digital) if you live outside from Europe.
The platform is easy to use and offers a wide range of features that allow you to trade in a variety of ways. You can open a free demo account or a real account, depending on your preference.
The demo account lets you practice before you start trading with real money. The real account lets you trade with real money and make profits or losses.
Is IQOption a good investment?
IQOption LLC is a well-respected broker with over 50 million registered clients. Their European entity IQ Option Ltd is regulated by CySEC. They offer a wide range of tradable assets and have a reputation for being both reliable and user-friendly. So if you’re looking for a safe and reliable broker with a large selection of assets and excellent customer service, IQOption is definitely worth considering.
What is the IQ Option minimum deposit?
IQ Option’s minimum deposit is $10. This low amount makes it easy for you to get started trading, and gives you plenty of options when it comes to what you can trade. You can also use this amount to practice before investing larger sums of money.
IQOption also offers a demo account that lets you trade using virtual funds so that you can get a feel for how the platform works before risking any real money. This account is free to use and lets you explore all the features of the platform without having to risk any of your own money.
Does IQ Option have a free demo?
Yes, IQ Option has a free demo with 10 000 virtual money. You don’t need to make a deposit to try it out, and there is no time limit. You can use the demo account to practice trading or to test out new strategies. And if you run out of virtual money, you can just top up your account and start again.
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