IQ Option is an online trading platform that allows you to trade a wide range of financial assets including stocks, forex pairs, binary options, cryptocurrencies, commodities, and ETFs.
This trading platform was founded in 2013 and is operated by a company called IQ Option LTD. Since their inception, they’ve been one of the fastest growing trading platforms in the industry and are one of the most popular choices for traders of all experience levels. The number of active traders on the IQ Option platform has grown substantially every year, with over 41 million registered users in 2018.
IQ Option is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySec). They have true global reach, with traders from over 150 different countries. Unfortunately, IQ Option is not available for traders from USA, Canada, Russia, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan.
🌟 IQ Option Trading Platform
IQ Option uses its own custom trading platform and is available in 13 different languages. In our opinion, it’s one of the most powerful and easy-to-use trading platforms available. It has many useful features including multi-chart layouts, technical analysis, historical quotes, volatility alerts, market updates, stock screeners, economic calendars, and more.
IQ Option offers several different types of financial instruments to trade, including over 200+ assets to choose from. At the time of this IQ Option review (July 2019), here are the different asset classes you can trade with this broker:
✳ Stocks – IQ Option has over 189 stocks that you can trade including most of the biggest companies in the world including Tesla, IBM, Boeing, Alibaba, and many more.
✳ Binary Options – Traders can speculate on the price movement (up or down) on a variety of different assets including stocks, indices, and commodities. At the time of this IQ Option review, there are 53 digital options available to trade with.
✳ ETFs – IQ Option has 25 different ETFs (Exchange Traded Funds) to choose from. ETFs are similar to trading stocks, with the major difference being than ETFs involve trading brackets of assets or indices, rather than an individual company.
✳ Forex – IQ Option has 74 different Forex pairs to trade on their platform,
✳ Cryptocurrencies – Clients can also trade 26 different cryptocurrencies including Ethereum, Litecoin, Ripple, Bitcoin, Dash, and Iota.
🌟 Analysis Tools
IQ Option offers a variety of different analysis tools to help you make informed decisions while trading.
✳ Technical Indicators
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.
✳ Chart Types
In order to help traders get the most out of the IQ Option platform, this broker offers an impressive list of charting tools to help you formulate an effective trading strategy. The 5 charting tools available on IQ Option include Area, Line, Candles, Hollow Candles, and Bars.
🌟 IQ Option Account Types
The broker offers two types of accounts;
Let’s discuss each account type one by one.
✳ Standard: It’s a basic account available for everyone as default. Clients can deposit an amount of $10, $30, $50, $100, $250, $500, or $1000 to have their standard account activated. All basic services that broker offers such as volatility alerts, stock screeners, newsletters, market updates, and calendar are accessible by the users in this account.
✳ VIP Account: Clients depositing more than $3000 are ranked as VIP clients. They receive premium services and permission to trade mini and micro lots using advanced analytical and charting tools that help traders make effective and informed decisions. Support from a personal account manager is also available to traders holding VIP account with IQ Option. Other features of this account include increased profitability, personal tutoring, round the clock customer support, and direct calls from the broker’s trading experts.
🌟 IQ Option Demo Accounts
Keeping in view the needs of traders, IQ Option also offers a demo account so clients can practice different trading and money management strategies without risking the real money. Demo accounts are equally useful for both novice and experienced traders. Novice traders learn how to trade forex and binary options without bearing any cost whereas experienced traders are able to polish their trading skills without having to worry about the trading outcomes.
🌟 Bonus Offers & Promotions
As of this writing, the broker isn’t offering any bonus or promotional offers. However, it has an affiliate program in place which is open for everyone. Affiliate partners receive 50% of the broker’s earnings. It is pertinent to mention that affiliate programs come with strict terms & conditions that must be fully understood and accepted before start promoting IQ Option.
IQ Option offers online resources to help its clients learn the ins and outs of professional financial trading. The broker offers a complete educational video tutorial course, covering all major and minor aspects of forex & binary options trading under Video Tutorial section. It is to be noted that, the broker doesn’t charge any fee for its educational resources. All helping materials are available free of cost at IQ Option.
The broker also conducts seminars and webinars occasionally to create awareness amongst traders concerning the trading prospects and benefits one can have from getting involved in forex. Clients can also access the glossary section to understand different trading terminologies used in the financial trading world. In addition, a frequently asked questions catalog is available that answers common questions asked by newbie traders.
🌟 Additional Features
To keep traders motivated and make them feel lively, the broker also holds tournaments from time to time. As of this writing, there are four tournaments in progress namely Salary in a Day, IQ Launch, Summertime Madness, and Heat it. Entry fees of $4, $4, $20, and $5 have been stipulated by the broker to enter these contests.
The broker has recently introduced two new features “news feed” and “calendar”. Traders can use the “news feed” feature to know the latest happenings in the economic world. The calendar helps clients to stay updated and well prepared concerning the economic events coming ahead.
🌟 Deposits and Withdrawals
IQ Option facilitates its clients by incorporating fast deposit and withdrawal methods. Clients can use their debit/credit cards to make payments to the broker. Similarly, an option to use E-wallet is also available at IQ Option. Customers can also deposit or withdraw their funds using Neteller and Skrill. The broker also accepts digital payment methods. Those holding bitcoins can use them to open an account with the broker.
The minimum deposit allowed at IQ Option is just $10. However, clients can make a maximum deposit of $1000000 in a day. Clients can invest a minimum of $1 and a maximum of $ 20,000 at the broker. There is no minimum or maximum withdrawal limit set by the broker.
To withdraw funds, clients are required to visit member’s area and press withdraw tab which is available at the top right corner of the account’s operating interface. It’s the fourth option beneath deposits. The broker takes 24 hours at max to process withdrawals.
🌟 Regulation & Security
IQ Option is fully authorized and regulated by the Cyprus Securities and Exchange Commission – CySEC. The broker holds clients investment in segregated bank accounts that are maintained with investment grade-AAA banks. The broker incorporates HTTPS protocols followed by SSL encryption to protect sensitive information that passes over the internet.
🌟 Customer Support
IQ Option offers round the clock customer support to its clients. Clients can reach the company using multiple methods including:
✳ Live Chat
Those who prefer talking to the company’s officials over the telephone may call at toll-free numbers available in the contact us section. Emails can be sent to the broker at [email protected] The live web chat feature can be accessed by visiting the official website of broker www.iqoption.com. The company’s official website is accessible in 12 languages of the word other than English.
🌟 Is IQ Option a Scam?
Being regulated by one of the most prestigious regulatory bodies – CySEC – IQ Option is not a scam broker. The company offers low-cost deposit accounts with increased profitability potential and provides full-time customer support to its clients. Easy to use operating interface of the trading platform and social trading features have their own charm. Advanced analytics and charting tools take traders experience to the next level. After a detailed review of the broker, we hereby conclude that IQ Option is a great option to make investments as compared to its competitors.