IQ Option Review

Occasionally you will come across a binary options broker site that is distinct in their product offering and service. This is the case with IQ Options.

They give binary options traders a user-friendly trading platform, educational materials and the lowest minimum deposits in the market.

Overview

Created in 2013, IQ Option is somewhat a late entrant into the binary options trading industry. It’s owned and operated by IQ Option Europe Ltd. Their physical location is at Limassol, Cyprus please see below for the full information. They’re regulated by CySEC under license number 247/14. A broker licensed by CySEC caters for residents living in Europe. Always choose a licensed broker to protect yourself from the many online trading scams.

Getting Started

The minimum investment of $1 per trade (the lowest in the industry) makes IQ Option convenient to access. This is in contrast to some brokers who demand a deposit minimum of $100 before opening a live trading account. It is user friendly for traders to start speculating with with IQ Option. If you are a big risk taker, the maximum investment is $5,000 per trade.

Trading Accounts

There are three different types of accounts:

1) Demo Account. Some of its characteristics are:

• Practice trading free of charge
• 13 trading assets
• Trading options are restricted

2) Real account characteristics are:

• All 500+ trading assets are available
• Minimum trading balance is $10
• You can take part in trading tournaments
• Full access to trading opportunities
• Speedy withdrawals (within 1 days)

3) VIP account characteristics are:

• Minimum deposit is $3,000 to access VIP
• Unrestricted access to trading opportunities
• You can take part in trading tournaments
• Personal Manager
• Monthly trading analysis from an analyst

Trading Platform

User friendly and intuitive platform is great for speculating binary options on ups as well as downs from a small to large deposit. Some of its features are:

• Real-time asset price movements. Follow price changes through real-time charts
• Technical analysis panel and tools
• Apart from the common tick charts, you can also use candlestick charts
• Top trader’s stats and best deals that show how much profit the best investors made. You can learn from their experience
• Future price movement predictions made by professional investors
• Relevant financial news directly through the trading platform

Trading

IQ Option supports many assets and various trading options. This flexibility allows you to grow with the platform as you gain experience. Some of the assets available through the broker are financial markets such as the Asian and Latin American broker’s boards. Others are Itau Uni-Banco holdings, ALIBABA, Avotovaz, China BAK, BBVA, Loha Renner, and PetroChina. This allows traders to pick stocks from other popular companies around the world instead of trading in currency pairs.

IQ Option currently has more than 70 different trading assets available. They include:

• Stocks – shares of more than 50 big companies such as Gazprom, Daimler, Barclays, Apple and Rosneft
• Indices – most traded are FTSE 100, DAX, Nikkei-225, CAC 40, Dow Jones and S&P 500
• Commodities are Gold and Silver
• Currency pairs such as EUR/USD, GBP/USD, AUD/CAD, EUR/JPY, USD/CHF

How do Binary Options Work?

A binary option asks a yes or no question. Will this market be higher than this price now? If you think it will, you buy the option. If you think otherwise, you sell. In both scenarios, your buying or selling price could be between $0 and $50. Whatever you pay is your maximum risk. You can’t lose more. Hold the option until it expires. If you’re right you get the full $50 profit less the buy price.

Option Types

IQ Option has simplified trading. As an investor, you can have the option expire in 60 seconds (Turbo options). Or you can be more cautious by choosing expiration times such as 30 minutes or the longest option of 24 hours. 60-second options are ideal for traders who desire quick profits and lots of excitement. But they are much riskier than longer maturity options – novice traders are advised to avoid them. You can make huge profits, but losses are also common.

Banking

There’s a wide variety of deposit options. You can make deposits with all major cards (Visa and MasterCard), Skrill, bank transfer, WebMoney, QIWI, Yandex Money, PayPal, Liqpay, and Moneta. For withdrawals, you’ll have to use the same medium you used to deposit. This is to guard against money laundering. Real money account withdrawals are processed in 1 working days.

Customer Support

Customer support services are accessible to traders’ 24/7. You can contact a customer representative by telephone, email, or live chat. IQ Option also has a variety of educational materials to assist you to become a successful trader. Expert help will help you learn how to use the platform to succeed. The educational program helps traders understand binary options, how to analyze markets, how to use different strategies and understanding different indicators. Educational materials are free to access once you create a demo account.

Pros

• Free demo account
• Smallest minimum investment in the industry
• Interactive learning tools
• Friendly interface
• Excellent returns
• Practical trading platform
• Professional and regulated broker
• The maximum payout ratio of 91%* is amongst the highest in the industry.

Cons

• Only 2 types of Options Contract Available
• Exemption of residents in the US, Japan, Canada, Israel, Syria, Sudan, and Iran
• iOs mobile app unavailable in Malta. Android unavailable in Malta, Myanmar, Liechtenstein and Cuba.

Conclusion

In comparison to other binary brokers, IQ Option offers traders good trading conditions. Few brokers can match their rebate and payout ratios. The low minimum deposit has made binary trading affordable to many people. However, binary options trading is not ideal for everyone. Make sure you fully understand the risks involved before you indulge.

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* in case of correct prediction * in case of successful trade