IQ Option Review 5/5 (1)

IQ Option Binary Options Broker is becoming a well-known platform throughout the world nowadays. More and more traders prefer this particular platform for trading binary options. But is there a risk that IQ Option would appear to be any kind of scam? It is quite easy to reveal that, but nowadays it is also that easy to cheat as there are many different brokers and many inexperienced traders. Scammers are, unfortunately, present on the market and every broker should be checked thoroughly before any step towards depositing is taken. One of the hardest things to do when it comes to trading binary options is to pick a site to trade them on. There are literally hundreds of choices out there depending on where you live. That is why we take our job of doing reviews so seriously because we know you don’t have the time to go through and look at all these sites to trade on yourself. Today we will take a look at an innovative and progressive binary options broker called ‘IQ Option’.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

IQ Option first came onto the scene in 2013 and has gained a steady amount of investors since then. When we checked online we found the site gets very favorable reviews and is generally well thought of by those that have traded with them. The site definitely caught our attention when we discovered how much those that traded with them highly regarded this web broker. Here is our IQ Option review of what we feel is a very well done and worthy site to trade binary options on. We will walk you through everything from the signup to the site right on through to placing trades and customer support.

Basic information:

  • Minimum deposit: $10
  • The minimum exercise price: $1
  • Maximum option price: $ 5000
  • Return: up to 91% in case of correct prediction
  • Deposit/withdrawal methods: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay,
  • Assets: currency pairs, stocks, indices, commodities
  • Number of assets: over 500+
  • Countries: We accept all countries except USA, Canada, Australia, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran. Users from following countries can not trade from iOS mobile application: Malta; Android application unavailable for: Malta, Myanmar, Liechtenstein, Cuba.
  • Demo account: Yes, free of charge
  • Mobile application: Android, iOS
  • Trading Platform: web-browser, standalone app
  • Support: 24/7
  • Support Languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian
  • Founded: 2013
  • Withdrawal: All withdrawals are processed within 24 hours

Pros:

– Very good trading platform
– Good variety of options
– Excellent returns
– Interface is very friendly
– Smallest minimum investment we have ever seen
– Stand-alone demo account
– Interactive learning tools

Cons:

– No customers from USA, Japan, Canada, Israel, Syria, Sudan and Iran accepted

Using IQ Option on Mobile
Since its launch in 2013, IQ Option has been at the forefront of developing innovative technologies in the binary options trading industry. It was the first Russian broker in the sector, and the team behind it used their expertise to create new and effective features. In the world of binary options trading, that means giving traders features that help them more effectively analyze the market and place trades. One of the most popular of these technical innovations is IQ Option’s mobile app.

The IQ Option mobile app is one of the best mobile apps from any binary options broker. It is extremely user-friendly. This is, in fact, one of the app’s biggest selling points, as many of the other apps available in the industry are difficult to use. In fact, with most apps, you have to be an experienced trader who has a deep understanding of the intricacies of the market and the technical jargon used. Not the IQ Option app though. It is powerful, so it is suitable for experienced traders; but it is also jargon free.

The app simplifies the process of trading binary options, and many traders prefer using it over the desktop website.

It has a modern interface, and everything loads fast. In terms of look and feel – as well as functionality. If you have used one of those, you will quickly get the hang of the IQ Option app. There is risk involved too— you will lose your money when your predictions are wrong.

The app is secure, so your money and personal data are safe. It also offers good notifications, so you can get involved in tournaments and check price trends as they are happening.

Downloading the App

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

The IQ Option app is available in Apple’s App Store and the Google Play Store for those with Android devices.

Even if you haven’t used a mobile app for binary options trading before, it is good to have the facility. The reality is that most traders do use desktops when trading, but mobile is a growing market for the industry. This is the reason why forward-thinking operators like IQ Options are investing in their mobile offering, so they can give users a better level of service. This sort of innovation is why so many traders choose to use IQ Option to invest their money.

The landing page for signing up to the site is very straightforward and easy to understand and that was echoed in the actual signup process to access the website. We just had to fill out a simple form, verify our identity by providing some information and then make a deposit to gain access to use the broker for placing binary options trades. IQ Option was very similar to other web brokers we have signed up with and we found it a very simple process to get done.

Right off the bat we were amazed that all it took was a low minimum deposit of $10 USD or British Pounds to get started trading. That is just about the lowest deposit we have ever seen to enter into trading with a web broker; that type of dollar amount really lets anyone who wants to trade binary options do it despite their income level. We invested a little more than that because we wanted to see how well their worked but so far we were not turned off at all by the signup process and were looking forward to seeing what else they did right with their brokerage website.

Types of accounts

IQ Option likes to keep it simple and treat everyone fairly no matter how much they invest so there are only two different account levels on the website Here is what each has to offer:

IQ Option Real Account

Over 70 assets

Full access to trading opportunities

Participation in trading competitions

Fast withdrawals in just 1 days

Real money trading

Start with a $10 deposit

IQ Option VIP account

Over 70 assets

Full access to trading opportunities

Participation in trading competitions

Faster withdrawals in just 24 hours

Real money trading

Personal manager

Monthly analysis of your trading with our analysts

VIP access with deposit from $3,000

Getting an IQ Option Demo Account

IQ Option does offer a demo account facility, so you can try the platform before risking any of your own money. You can even sign up using Facebook or Google. Once registered, your demo account will become active. It is free to use and includes $1,000 of virtual money that you can use to place virtual trades.

The money and trades are virtual, but they are exact replicas of the real cash trading platform. This means you can use your demo account to develop, test, and trading as well as work out whether or not you like the IQ Option platform.

This makes the IQ Option demo account ideal for anyone new to binary options trading. It is completely free and totally risk free. In other words, none of your money is at risk at any stage, and you don’t have to pay anything to use it.

Once you feel you are ready, you can convert your account to a real cash account by depositing money.

IQ Option Awards

Since it first launched, IQ Option has received numerous awards in the binary options industry. The most recent was an award for being the most reliable broker on the market, while another award was given to IQ Option for having the most innovative trading platform. These awards are industry awards, so the judges include the most experienced and well-respected names in the industry. In addition, IQ Option beat off stiff competition to collect the awards. Other names that were up for these awards included Option FM, Banc de Binary, Finpari, and 24option. They are all respected binary options brokers, but IQ Option beat them all.

US Traders and IQ Option

If you are from the US, you will not be able to use the IQ Option. This is unfortunate, as it is one of the best binary options brokers on the market. It is also a further blow to the US-based trader who doesn’t have as much trading platform choice as people from other parts of the world, particularly after SpotOption pulled out of the US market.

Some binary options brokers and binary options robots that still do accept US-based traders are Option Robot and Automated Binary.

Assets

If you like to have a lot of options as far as different assets to trade on your binary options then you have come to the right place. IQoption offers over 70 different options to trade on, many of which are popular stocks such as Wal-Mart, Google and Apple. They offer their users the ability to choose between stocks, indices, commodities and matched currency pairs to trade with.

Trading Platform

IQoption decided once again to be innovative and design a trading platform that they thought would really appeal to their many traders and be simple to use and understand. Well they did a great job at this. Their trading platform is among the best we have seen

It is laid out nicely and easily menu driven. It also has unique zoom and custom layout features which are quite unique to say the least. It is a platform that will appeal to all level traders to say the least.

Placing Trades

The minimum investment is $1 and the maximum investment is $1000 dollars so it gives you and the other investors on the site a wide range of investment options you can use based on how confident you are in the trades you want to make and the amount of risk you want to go along with that.

All you need to do to place a trade is sign onto the website and go to the trading page. From there you select the type of option you want to trade, the asset you want to trade with the option and the amount you want to invest.

Return on Investment

What is the best thing no matter what binary options website you are using.  That is a return on investment that is much higher than any other form of financial market trading and as good as or better than you will see with most other binary options brokers.

Banking
It is as easy to make deposits on IQoption because of all the different forms you can pay your deposit. They allow you to use such things as Visa, MasterCard, bank wire transfer, Skrill, POLI, Maestro, CashU and WebMoney to quickly make a deposit and get you onto the website to start trading.

Making withdrawals is a very streamlined process also. They will generally be processed in 1-3 business days and they can be done in many of the same forms as was used to make your deposit. Keep in mind that in order to make a withdrawal the first time you will need to send scanned copies of your government issued ID, a scanned copy of a utility bill and a scanned copy of your signed credit card if that is the withdrawal method you are using.

There are fees from $5 – $10 depending on the withdrawal method, so you have to be careful there even though the minimum withdrawal is only $10.

Customer Service

Customer support was very helpful and very good at resolving issues but we had some problems with the way the customer service was handled. There is no phone or live chat option for customer service and we were more than a little surprised by this. It meant there was no way to get an answer to a question or concern in what would be a timely manner.

Of course you are assigned an account manager that can help you with any issues or concerns you have while using the site but they are not available 24/7 so at those times you may end up waiting for a response. We feel that IQ Option is ok here but there is definitely room for improvement.

Is IQ Option a Scam?

IQ Option is based in Cyprus but has many satisfied customers all over the world, including in Europe, China, America, and many other countries. In fact, it is one of the most respected binary options brokers available. It has not earned that reputation easily. It has done it through innovation and by offering a trading platform that gives traders .

This sort of innovation and development of the platform requires investment and commitment. IQ Option has been rewarded for this investment and commitment, as it has received many awards. These awards validate their position in the market and are an indicator of the quality of the platform. The awards include the most innovative binary options trading platform in 2013 because of the tools it offers to traders. The following year it was also recognized as being the safest and securest binary options trading platform on the market, as it has received no complaints or reports regarding spam.

Our investigations have discovered that IQ Option operates strict policies regarding payments, and they have robust rules around protecting personal data and ensuring your money is safe. This includes using European banks.

Noted Drawbacks

This is the type of site that traders from the USA and Japan would be thrilled to place trades on but unfortunately the citizens of those countries cannot trade on IQ Option; that is something that the site’s management may want to work on in the future.

Key Features

There is simply a whole lot to like about the IQ Option broker. We also liked very much their innovative and forward thinking learning tools. It is very unique that their highly helpful demo account acts as a stand-alone account instead of being part of the regular trading platform; this enables the tech team at IQ Option to put features into the demo that make it more closely resemble the actual trading on the real website. The interactive learning tools will help you get ahead of the learning curve faster than more traditional learning tools also.

Conclusion:

It is very clear to see why IQ Option became so popular so fast. We loved that they were courageous and innovative enough to build their own web platform for their many users to trade on. We also give high marks to any site that is confident enough in their business practices to allow regulation.

They back everything up with outstanding customer support and the high marks that get on reviews like this show their commitment to help those that trade with them be successful and leave them with a positive trading experience.  You surely won’t be disappointed if you do.

To indicate IQ Option won us over and impressed us a whole lot would be making a big understatement to say the least.

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