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IQ OPTION INFORMATION

IQ Option Europe Ltd Registered Office Address: Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33,

4102, Agios Athanasios, Limassol, Cyprus

Phone #: They have support numbers covering 14 different countries 24/7

IQ Option website: www.iqoption.com

Minimum Deposit: $10

Minimum Investment:$1

Maximum Investment:$1,000

Currencies Accepted: United States, Australian, New Zealand & Canadian Dollar, British Pound, Euro, Russian Ruble and Chinese Yuan

Customer Service: Email: Support@IQoption.com and 24/7 online chat + phone line

Support Languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Hindi

Trading Options: High / Low, 60 second, and others

Assets: See below

Early close: Yes

Expiry Times: 60 seconds, 2minutes, 5minutes, 15 minutes, 1 hour and End of Day

Deposits and Withdrawals: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort

Withdrawal Time: 1 working day

Demo account: Yes, free of charge, no time limit

Number of assets: 500+

Trading Platform: Web-browser, standalone app

Regulation: See the list below

Awards: See the list below

IQ Option Review

In this IQ Option review, we discuss how IQ Option is one of the biggest and fastest-growing platforms within binary options and CFD trading and therefore there is going to be a lot of people who have a lot to say, both good and bad, about IQ Option with people saying it is the greatest binary options platform on the market and others saying it is a scam, so which one is it? We have taken an in-depth look at the company and trading platform and have aimed to remove all personal opinions and simply report the facts. Like all products and services that are used on a high scale, you are going to get mixed views. Let’s begin by looking at the positive facts concerning IQ Option’s credibility:

IQ Option Regulation

IQ Option is regulated by the CySec and is registered under the company name IQ Option Europe LTD in Cyprus. This enables them to service clients under financial regulation within the EEA. It is only outside of the EEA where an individual resides, that a person can trade in binary options. Trading in Binary Options is not regulated, and therefore non-EEA trading accounts are managed by the company IQOPTION LTD a non-regulated company that is registered in St. Vincent and Grenadines.

IQ Option Awards

IQ Option has won over 12 different awards for its trading software. Here are just a few of what they have won: Best Binary Options Broker & Best Binary Options Broker/Trading Application – IAIR Awards; Most Innovative Binary Option Broker – Show FX World; World’s Leading Binary Options Broker – MasterForex-V, Best Mobile Trading Platform – IFM Awards 2015.

IQ Option Usage

According to IQ Option the following figures outline the usage of their binary options software in 2020

DISCLAIMER

Please Note: As of 2nd July 2018 Binary options are prohibited within The European Economic Area (EEA) for retail traders.

If you live within the EU and are not a professional trader you will not be allowed to trade Binary Options.

Alternatively, you may trade CFD’s. 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.

Accounts Registered

48,091542

registered users

Daily Trades

1,338793

Trades Per Day

Withdrawals

$20,375.97

Withdrawn By Traders Monthly

In addition to the impressive figures above, IQ Option is also able to process 68% of the withdrawal requests they receive, immediately, with the average time for processing withdrawals, being 11 hours. Their order processing time is currently 0.6 seconds. They are also able to provide an average response time to live chat of 43 seconds and reply to any email inquiries, within 20 minutes. This makes their support team of 79 members, one of the best within the industry.

IQ Option Trading Platform

The first thing you are offered when you open your IQ Option account is the chance to start practicing trading with $10,000 virtual dollars (you can’t withdraw these funds they are simply there to allow you to practice before adding your own funds).

The platform is very clean and simple to navigate. You have a navigation bar to the side that allows you to check on things like your trading history, your earnings calendar, the latest market news, and access training videos as well as get help at any time 24/7.

As you will see from the image below, the IQ Option platform has a lot available at the one click of your mouse button. You can place trades from as little as $1 up to the maximum of $1,000 depending on the level of risk you are comfortable taking. It is highly recommended that when you open your IQ Option account for the first time, you opt for the practice account first, even if you are a seasoned pro at trading so that you can take however long you want to familiarize yourself with the navigation. Placing a trade is very straightforward and uncomplicated. Simply select the trading asset option type you wish to trade in, be it CryptoCurrency, CFD’s, Forex, digital options or binary options  (see below for further explanation), select the expiration time of the option, the amount you wish to trade, and then select whether you want to Call or Put.

IQ OPTION MOBILE APP

The IQ Option app is available in both IOS and Android operating systems. With mobile usage beginning to outperform desktop, even if you have never used a mobile app for trading before, it is very easy to use and of course comes with the practice trading account.

IQ Option Mobile ap

IQ Option Trading Assets 

Options Trading

With the IQ Option options trading platform you can trade either in digital options or binary options. You have a facility to trade in multiple assets, in fact, there are over 10 million options available. With both option types, the minimum investment is $1. With digital, the expiration time is 60 seconds to 15 minutes and the return can be up to 900% on a successful trade. With binary, the expiration time frame is 60 seconds to the end of the month and the return can be up to 95% on successful trading. With both digital options and binary options, there is $0 brokerage fees.

Please Note: As of 2nd July 2018 Binary options are prohibited within The European Economic Area (EEA) for retail traders.

If you live within the EU and are not a professional trader you will not be allowed to trade Binary Options.

Cryptocurrencies

With IQ Option you can buy and sell some of the leading crypto-currencies.  There are currently nine cryptocurrencies available for you to trade in. They are Bitcoin; Ethereum; Ripple; Binance Coin; Tron; Cardano; Litecoin; Bitcoin Cash; Stellar

Some of the benefits of trading crypto-currency with IQ Option is that they provide quick deposits, along with quick withdrawals and you can carry out short-selling.

Trading in cryptocurrencies is carried out through CFD’s

CFD Trading

CFD trading is a term used in trading markets referring to Contract of Difference, which is the agreement between two entities to exchange the entry and exit process of a trade. The contract of difference mirrors the underlying asset making it a tradeable instrument. Therefore as a CFD trader, you will make a profit or loss when the underlying asset moves in relation to the position you take even though you do not own the actual asset.

IQ Option offer over 500 stocks for you to CFD trade in, from companies within a wide variety of industries, and some of the best and well-known industry leaders.

You can also trade CFD’s in commodities, ETF’s, and Indices, as well as cryptocurrency as mentioned above.

Forex Trading

With IQ Option Forex trading, you can trade in 20 pairs of currencies such as the well-known ones like US Dollar and British pound, or the US Dollar and the Japanese Yen. Plus there are other pairings that are not so when known, such as the New Zealand Dollar and the Canadian Dollar.  With IQ Option’s Forex trading there is a minimum deposit of $10 and leverage can be up to 1:500

Binary Options Tournaments:binary options tournaments finishing positions

One main feature of the IQ Option platform is the binary options tournaments. This is unique to IQ Option and is a great way to have a bit of fun with other traders. There are various tournaments active at any one time and each tournament allows you to compete against other traders who have entered that tournament, which everyone enters for a set fee. The winner of a tournament is the trader who ends up with the most money in the account when the tournament ends. The prizes are divided up among the various traders and the position they finished in.

Not all tournaments are the same and therefore the rules, time frame of the tournament, and the prize money available will differ from tournament to tournament. For example, one tournament available recently was called ’72 hours’ because you had 72 hours in which to be the best trader among the participants to win the top prize. The prize fund was shared out among the top 15 performers. Whereas there was a very different tournament called ‘Winner Takes it All’ where literally the number one trader wins the entire prize fund.

By opening up a demo account first, you can practice trading as much as you want before entering any tournaments, thereby getting used to making trades before entering competing against others

Please note that tournaments are not available in the EEA-countries

IQ Option Trading Platform Features

Like most online trading platforms, IQ Option provides the standard multi-chart layout, in-depth technical analysis, and historical quotes, plus other main features. But what is also available are the additional features that you may not get on other online trading platforms. These are:

Analysis & Alerts

There are more than 100 different indicators and widgets, such as the news feed and calendars,that provide you with up-to-date information as to what is happening within the financial marketing. You are also able to customize price alerts to match your trading.

Risk Management

IQ Option provides you with negative balance protection that allows you to manage your losses as well as your profits, at your own predetermined risk levels.

Trading Community

The IQ Option trading community enables you to discuss trading options and ideas with other traders, and even for you to see what they are trading so you can follow their trades.

IQ Option Demo Trading Account:

As we have already hinted at, IQ Option provides you with a demo account when you open a new trading account with them. The first thing you must note is that the demo account is not automatically given to you, you have to select it as your option, that you want to begin with the demo account first before trading in any of the various trading options properly. You can switch from the demo account to the live account whenever you want by funding your live account with any amount of funds over the minimum deposit of $10. To open the demo account, you can sign up with your email.

So what do you get with the IQ Option demo trading account? – Well basically you get everything that is in the live account except for the fact that all your trades are virtual. All the charts are live and actual, so there are no fake charts or dummy accounts, it is as if you were trading for real. You are given $10,000 dollars in virtual funds to practice with, so there is no need to add your own funds at all and if you start off trading with just $10 a trade, you will be able to practice the various trading options available and refine your skills and strategies as much as you want, while your virtual fund has money in it. So not only does this IQ Option demo account enable you to practice and improve your trading skills, but it helps you decide whether you like the IQ Option platform and want to use it going forward.

IQ Option Trading Tutorials:

IQ Option has a wide selection of training and tutorial videos that can help you to better your trading skills. They currently have over 140 videos that cover a wide range of training, from the basics and everything about options trading, to how to carry out fundamental and technical analysis.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Things To Consider

The main thing to consider when using the IQ Option trading platform is that it is not available to every country around the world. If you live in the USA, Canada, Australia, Belgium, Japan, Russia, Turkey, Israel, Syria, Sudan, and Iran, then the platform is not available to you.

You will want to consider opening up a demo account first, to practice your binary options trading. Trading like anything in life carries risk. You seriously need to consider that when dealing with financial trading of any sort, or investing in anything, there will be losses. Never get involved in CFD, Forex, Binary Options trading, or carry out any trade, no matter how small, without being prepared to take a loss. You need to carry out your own risk assessment before carrying out any trade because losses will always be unavoidable in trading and it doesn’t matter how good you are at it, you will at some time take a loss. Never have the mindset that you can eliminate loss, you cant, but with effective risk assessment, you can at least help yourself to minimize your losses.

Naturally, we would recommend you carry out your very own due diligence and make the necessary checks you want to make into IQ Option to be satisfied in your own mind as to whether they are a good trading platform to use, or they are a scam. Nothing we have seen has indicated anything to the latter. With the level of regulation that IQ Option has adhered to, it makes them far from a scam.

Also, beware of online reviews that imply that IQ Option offers deposit bonuses. They don’t! And in fact, no binary options platform provider is allowed to offer deposit bonuses.

Summary

If you are considering starting trading then IQ Option is a good place to start due to the demo account and virtual $10,000 offered, along with the extensive library of training videos. They have one of the lowest deposit requirements of $10 and the lowest minimum investment amounts of $1. One of the main factors we like about IQ Option is the quality customer support with its less than 45 second response time via telephone and its less than 20 minute response time by support ticket. They have some of the highest reviews available for their mobile app and their trading platform is one of the cleanest and easiest to use.

We recommend IQ Option as one of the leading trading platforms for binary options trading, as well as CFD trading and Forex, on the market if not for their practice/demo account alone.

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.