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IQ Option Review

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Full Review

Broker information

Launched in 2013 and functioning in Europe under the company IQOPTION PAYMENT Ltd, IQ Option is one of the leading binary option brokerages. Domiciled in London, it has two other main offices on the Seychelles and in Cyprus. High payouts and low minimum deposits are some of the most attractive perks IQ Options offers to its customers.

The website is exquisitely designed, easily navigable and available in 12 different languages – English, Indonesian, Russian, Spanish, Swedish, Italian, German, Chinese, Korean, Portuguese, Turkish, and French – which serves traders from around the world. IQ Option is sternly regulated and monitored by CySEC and MiFID.

Accounts

There are two chief accounts at IQ Option. The Real account necessitates one of the lowest minimum deposits among all binary option brokers. This amount is $10 and $1 is enough to start a trade. The VIP account’s minimum deposit amounts to $1,000. Registered users may choose to trade equities, indices, Gold, and Forex. Between 1 and 3 days are required for withdrawals. In stark comparison to many other brokers, IQ Option offers the chance for a demo account with 13 assets, trading with real money, and a free webinar. The minimum and maximum trade sizes range from $1 to as much as $1,000.

Deposit and Withdrawal Options

To commence trading at the binary broker, you need to firstly deposit a minimum sum which amounts to $10. To do that, you have at your disposal online payment methods and credit/debit cards, such asSkrill, Poli, MasterCard, Neteller, VISA, WebMoney, and Wire Transfer. The exact same ways can be also used for requesting withdrawals. Unfortunately, IQ Option offers solely these payment options, which is in stark contrast with other binary brokerages that have a much larger array of methods for depositing and withdrawing.

However, the enterprise has crafted tournaments to make up for that. The tournaments are held on a weekly and monthly basis with prize pools ranging from $3,000 to over $15,000, while the entry fees for the majority are in the $4-$5 range. The contests can have as low as 30 or 40 entrants to as many as 7,000 or 8,000 entrants.

The currencies available at IQ Option include euros, British pounds, Turkish liras, American dollars, and Russian rubles.

Features

One of the things that make IQ Option unique is that no spreads or commissions exist. In addition, payouts could get as high as 92% on their investments. The process for withdrawals and deposits is forthright and the methods through which they are done include Polipayments, Skrill, Webmoney, online payments, credit cards and bank wires. Bear in mind that due to some specific regulatory stipulations neither U.S. nor Japanese traders may register with IQ Option.

Education

In regards to education, IQ Option provides a multitude of services. There are courses and trainings with trading strategies including Moving Averages, Bollinger Bands, Trend Lines, Japanese Candlesticks, the Alligator, Support and Resistance, among others. The Alligator’s mission is to determine the direction of a trend and how strong it is. IQ Option offers the opportunity for investors to take part in tournaments where they can earn extra cash for random deposits.

Customer Support

IQ Option has a very well elaborated FAQ section which is there to help all avid traders. In the event that you still cannot find a solution to your challenge, customer support can be contacted via an e-mail form directly from the website or through a fixed number in the U.K. Facebook users may visit IQ Option’s page there.

Bonuses/Promotions

The deposit welcome bonuses of IQ Option are among the highest in the industry. Real account holders may expect up to 80% on each of their deposits. Traders with a VIP account get a personal financial manager and up to 100% bonus. In addition, they also receive a thorough analysis of their trades at the end of every month. Both accounts may engage in trading with over 70 assets.

 

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