IQ Option Broker Review

In our IQ Option broker review we will tell you about the company which has been providing high-quality services in the field of trading in binary options since 2013. Learn in detail about the trading platform with 8 years of experience in financial investing. In our IQ Option broker review you will find out in the following sections about terms of trading, bonuses from IQ Option, pros and cons of trading on IQ Option platform and etc. Read and get all the necessary information for you. In addition, you can get more information about other brokers and investing platforms in our website section – Brokers

Contents

Short information about the IQ Option broker platform

BrokerIQ Option
Websiteiqbroker.com
Founded2013
Demo Account:Yes
Minimum Deposit$10
Min. Trade$1
Mobile AppiOS, Android
DesktopWindows, MacOS
Payout91% – Maximum $1 Million USD
Deposit MethodsCredit Cards, Debit Cards, ​Maestro, Skrill, WebMoney, Cash U, Neteller, and Moneybookers
WithdrawalsProcessed Within 1 Business Day
Regulated byCySec
Table with short information about IQ Option

Detailed IQ Option broker review

Firstly, IQ Option is a leading trading online broker offering binary options, CFDs, cryptocurrency and forex trading. It was one of the first to create a convenient trading platform developed according to advanced technologies. After all, highly qualified specialists worked on it side by side with traders and analysists. The broker’s head office is located in the Seychelles. The number of registered users has already exceeded the mark of 3.5 million people.

Detailed IQ Option broker review
Detailed IQ Option broker review

A real gift for new clients is that they can open an account with only having $10 (it is provided only by 2-3 large brokers). The minimum cost of the contract is only $1. There is no need to worry about the safety of funds and transparency of trading operations, if you cooperate with an intermediary. So, in case of adverse circumstances, compensate the amount of investments which are not exceed 20,000 euros.

The IQ Option platform has the worldwide fame and an excellent set of tools for PRO-trading. Moreover, the doors of this platform are open even for beginners with a small start-up capital. This is facilitated by favorable terms of cooperation:

  • The spread is from 0.000% to 2.9%, depending on the financial instrument, the lot volume, the class and name of the asset, as well as the time of day
  • Leverage – from 1:10 to 1:300
  • The yield on the BO is up to 900%
  • Bonuses – CySEC has regulations in place and IQoption.com can’t offer deposit bonuses. They do host a trading competition, where prizes range from $100 to $100,000. Trading tournaments are not available to EEA. VIP accounts can enter tournaments for free. Standard accounts have to pay a fee.
Detailed IQ Option broker review
Detailed IQ Option broker review

Terms of IQ Option broker

IQ Option offers a demo account. To see a demo account go to the brokers’ website and follow the instructions. If you want to open it, you will not need to make any investments. In order to this, you will have a chance to learn how to trade, then you will have 13 assets. After opening a demo account, you will have the opportunity to watch a webinar and get an additional valuable information that will help you in trading. Weekly webinars are also available for the owners of the base account. If the balance is more than $ 100, then you will receive newsletters and trading signals that will help you in trading. Also, for the first time with deposit of $ 40 or more you get a 20% deposit bonus.

Finally, if you top up your account in the amount of $ 500 or more, you get the status of a privileged trader, up to 60% return of lost funds in case of an unsuccessful transaction, trading signals of the highest class and 60% welcome bonus. You can also be sure that the withdrawal of the money you have earned will be carried out within just one day. Finally, all these favorable conditions attract experienced traders.

The opportunities provided by IQ Option broker

In our IQ Option trading broker review we decided to emphasize several opportunities to simplify your understanding of the platform:

  • The profitable part of the options directly depends on the time, the category of the contract and the selected asset – it fluctuates at the level of 85 %
  • Main trading instruments: currency quotes, securities, indices, raw materials
  • Withdrawal of funds is carried out from 1-3 working days
  • A demo account is available for novice specialists
  • Conclude transactions through mobile apps both for Android and iOS
  • Software used: native version, web browser, standalone app
  • The technical support service works 24/7
  • Every week you will receive a detailed analysis of all your transactions
  • You can have a personal manager

The set of investment services on IQ Option

Firstly, IQ Option attracts users with a set of various options for investment, which will suit even the most capricious traders. Here you will find margin trading on forex and cryptocurrency assets, investments in ETF funds, binary options, as well as CFDs on stocks and commodities, everything that can make you money. Then let’s take a closer look at each financial instrument.

CFD on IQ Option broker

Contracts for difference are one of the most popular products that allows you to speculate on the dynamics of the value of shares and goods without directly purchasing them. The number of assets of the securities exchange, which has 128 names, includes not only well-known corporations such as Facebook, Google, Apple and Tesla. But also rapidly developing representatives of this market, including NVIDIA Corporation, Amazon, Netflix and Adobe Systems. Also, IQOption also provides high-quality analytical support, weekly creating ratings of companies with active growth, rapid decline and maximum dividends.

In addition, you can also earn on the difference in the cost of commodities such as Platinum, Silver, Crude Oil Brent, Oil WTI, Gold and Wheat with a generous multiplier of 1: 150. And CFDs are offered for ready-made investment portfolios of securities called ETF Funds. It provides access to indices, raw materials and baskets of stocks – 25 variations, such as HI-Tech, iShares MSCI Japan Index Fund, iShares MSCI Mexico ETF, as well as other highly liquid ETFs paired with USD. The leverage of 1:100 is offered for such items of the Stocks category.

CFD on IQ broker
CFD on IQ broker

Options on IQ Option broker

For fans of the good old “binaries” with the most simplified principle of use, there is 53 options in Binary, Digital and FX options. You can trade on the “majors” and” crosses ” of forex, precious metals, stocks and indices. On weekends trading on quotes-OTC is offered. According to users reviews, it also brings a hefty income. Basically, the maximum payout for profit transactions is 95% on Binary, 900% on Digital, and unlimited on FX options. The commission is not removed while using the BO.

Options on IQ broker
Options on IQ broker

Crypto on IQ Option broker

Cryptocurrency is also in demand for earning money. IQOption offers buying, selling and simply storing the best crypto – Bitcoin, Pipple, Ethereum, EOS, Cardano, IOTA, Dash and other interesting “crypts”on the wallet. And, although, there is calmness in the crypto market today, it does not mean that it is impossible to earn money on it. Totally, 17 titles are available. An additional commission is also charged on trading with cryptocurrency. Fortunately, it can reach up to 2.9% depending on the time of day.

Crypto on IQ broker
Crypto on IQ broker

Forex on IQ Option broker

Surely, IQ Option broker offers classic margin trading on the largest and most liquid Foreign Exchange Market. Traditionally, you can buy currency and earn on the difference between the purchase and sale prices. Profit will bring not just a correct forecast of the movement of quotations, but also the number of points that the price will pass according to the forecast. At the same time, the platform’s functionality allows you to increase the lot amount due to the presence of a leverage of 1:300. Moreover, you can use all possible analysis approaches with the help of the built-in technical analysis service. There are 90 Forex pairs, including the usual EUR/USD, GBP/JPY, AUD/CAD, and exotic-CAD/PLN, CHF/SEK, EUR/MXN, USD/BRL, plus other currency pairs.

Forex on IQ broker
Forex on IQ broker

Deposit and withdrawal on IQ Option broker

Obviously, you can become a client of the company by filling out a short registration form. It is available immediately on the main page of the official website of the company. Then it will only be enough to top up the account in the “Cash Register” section of the personal cabinet. Practically, IQ Option does not differentiate its customers by the amount of the deposit. There is only a classic and VIP account here, which is assigned when replenishing the deposit from $3000. Also, there are no welcome bonuses or bonuses after adding funds to the account on the site. The company does not lure traders with free “buns”, which then need to be rejected. It simply provides popular services along with favorable trading conditions.

The most popular methods to deposit and withdraw money:

  • Credit Card/Debit Card Withdrawal (VISA and Master Card)
  • Wire Transfer Withdrawal
  • E-Wallets Withdrawal (Webmoney, Qiwi wallet, PayPal, etc.)

Withdrawal of funds is carried out starting from the amount of$10. Before making your first withdrawal of funds, you will need to pass verification and send documents that will prove your identity. This will allow you to protect your money and your data. The withdrawal of funds is only one working day.

Demo Video IQ Option broker

Below we decided to give a demo video for your convenience. The demo includes how users can change the trading area according to their needs. It shows how to check the same price chart on more than one timeframe, how to add overlays of technical analysis and how all this can improve trading results. Although this video is not a tutorial, it provides a demonstration of the user experience, the new trading platform and how it differs from other binary options brokers’ platforms.

Contracts and underlying asserts of IQ Option trader

Types of contracts:

  • Binary – performs a change in the expiration time in increments of about 5 minutes
  • Turbo – coincides with the first option with only one exception – in increments of 15 minutes

Steps to withdraw money from IQ Option

  1. Go to iqoption.com
  2. Sign in to your account
  3. Click on the user in the upper right-hand corner
  4. Click “Withdraw Funds”
  5. Select your preferred payment system
  6. Follow the instructions on screen

The company offers up to 70 basic assets, including currencies, stocks, as well as indices and commodity assets. IQ Option allows you to use only Call-Put options. You can buy options of any value from $1 to $1000 for a period of 1 minute (turbo) until the end of the month. Finally, the amount of payments is not bad (up to 85%).

The platform has a simple and accessible interface. Moreover, you will be able to conduct trades from smartphones and tablets. In particular, to participate in traders’ tournaments. Fortunately, a VIP account is quite affordable – only from $ 500. VIP clients receive a personal expert with whom they can discuss their trading methods via Skype or phone.

Trading education on IQ Option platform

You can get the foundation of the necessary knowledge on trading in the specialized section “Video Training”. It contains a lot of video lessons on working with binary options, technical analysis of the market, money management, as well as the use of various approaches to price forecasting. At the moment, there are 16 basic video tutorials on working with BO, but there are also lessons on margin trading in development. In addition, the IQ Option blog is also available. There you can learn about new products in this industry, the functionality of the platform and new strategies. It also offers a description of all technical indicators and a lot of useful articles on improving the effectiveness of trading and increasing the profitability of investments.

Trading education on IQ Option platform
Trading education on IQ Option platform

Final words in IQ Option Broker Review

To sum up, in our IQ Option broker review we told your about the entire range of services offered is available on one trading platform. All of them can be used in web mode and on a personal computer, as well as on any mobile devices. For this purpose, special applications have been developed and can be downloaded immediately on the website. Regular users note that year to year the IQ Option terminal is being improved in terms of technical content and speed of operation. And at the moment it is available:

  • full screen mode for any screen extension
  • built-in graphical tools – Fibonacci lines and different lines
  • technical indicators – the 18 most effective means of analysis with functions of individual settings
  • expiry times from 1 minute to one month
  • a set of financial products with a multiplier of up to 1:300 – Forex, Options, CFD, Cryptocurrency, ETF funds
  • the option of placing pending orders
  • access from the platform to the calendars of profitability of companies
  • table with current tournaments
  • function of creating your own trade portfolio

The platform can work in the “demo” mode, allowing players to make transactions on a real market situation with the help of virtual money. When registering, 10000 USD is credited to the account of any user, which can be renewed after spending. You can also use the training account after depositing funds to the trading account.

Reviews

There are a lot of pros of IQ Option, however, some critical users of IQ point to the site not loading, not working or being offline. These issues are generally at the end of the user rather than the platform. On the other hand, the website boasts impressive uptime statistics and they have a strong motivation to ensure their platform is open for business! It is rare for the site to be unavailable or inactive and we have never encountered such issues when connected via a reliable connection. We are happy that you read our IQ Option trading broker review and got all the necessary information!

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