Name : IQ Option
Site : www.iqoption.com
Created in : 2012
Type : broker ; binary option trading
Price : FREE demo account
Minimum deposit : $10
Minimum investment : $1
Security : approved by FCA, licenced by CySEC
Contact : Iqoption ltd. Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles
Affiliate program : yes
Deposit Options : Paypal, WebMoney, Skrill, Yandex Money, @payments, Qiwi Wallet, Wire Transfer, Neteller
Assets : oil, gold, indices, stocks, commodities
Access : all countries except the USA and Japan
Overal rate : 90/100
When I started looking into binary options it didn’t take me very long to realize that there were tons of websites out there to trade on … and the vast number of choices quickly made me feel overwhelmed and lost. So, because I know you don’t always have the time to go through all these websites, I decided to review one of the most popular trading platform of the moment : IQ Option.
What is IQ Option?
IQ Option is a binary broker that is owned by a holding company called Investlab Trading Limited specialized in offering binary trading services. With their proprietary binary trading platform, clients of IQ Option can earn up to as high as 92% return on their investments within a matter of minutes. Apart from the high returns offered, traders also have a chance to win attractive prizes ranging from $250 to $500 in trading competitions organized by IQOption.
IQ Option first came onto the scene in 2012 and has gained a steady amount of investors since then. I did a lot of research and found that the website gets very favorable reviews and is generally well thought of by those that have traded with them.
Here’s a short video explaining how binary options work :
What I liked
- The Demo Account
Opening a demo account at IQ Option is totally free, quick and easy to do. Once you’ve filled in the form you’ll have instant access to a demo account, with virtual $$ for your trades and all the options available on the real accounts.
I really liked the layout of this demo account (which is the same as the real account actually). It’s simple and intuitive… Just so you know I got started knowing very little about binary options but was still able to find my way around the tools and options… so don’t worry about being lost. It’s really comfortable and intuitive to use.
IQ Option has assigned multiple features to this demo account so that both the novice and professional trader can try it out at no cost. I really loved being able to start trading safely and learning new techniques without wasting any money. This option is really great for people who are only getting started and want to feel confident enough with their strategies before getting into real trading.
In short, this demo account gives you giving an opportunity to test what it’s like to trade binary options at IQ Option. Once you’ve gained that trust level, you can jump into the real system with very minimal deposit which most people agree to afford — $10.
- The Mood indicator
I also liked the trader’s mood indicator showing a rough percentage of people choosing the Call or Put option, so even if you’re a new trader and you feel lost, you could just flow with the crowd (choose the highest percentage) and still realize some profit. This is a feature than almost all brokers don’t provide, though it can be useful to all traders since it gives them a general feel of where everyone else is putting their trust.
The trader’s mood indicator feature is very beneficial to most traders since it gives accurate predictions (in most cases) going by what expert traders choose from their ends.
- The Pop up training
The user-friendliness of this demo account also comes with the fact that users are given access to quick training in form of pop-up windows, so just in case you don’t know what to do, you could just be led in a step-by-step manner, i.e. how to deposit money (of course practice money), and also how to choose a time range with which to end the trade.
The possibility of trying your hands on different trading strategies should be obvious with this demo account. So it’s upon an individual trader to choose what will work for them. This demo account is a feature that most traders will appreciate as it offers an easy way to learn without incurring costs.
- The Updates
The platform is easy to use, and is maintained on a regular basis as you’ll realize how prompt it keeps up with price movement in the real market. It also works accurately with respect to expiry dates, so all you get is real binary options market experience.
- Open a FREE demo account – In order to trade with IQ Option investors have to go through a registration where they need to provide their contact details and personal information.
- Learn the basics and practice – a lot. Once you feel confident enough (and you’ve earned more than you’ve lost ^^) you can open a real account (minimum deposit $10). You can join discussion groups and communities that share tips and strategies… but watch out for the many scams out there.
- Trade & Profit – you can start trading and with a minimum investment in a single trade of $1. Don’t invest more than you can lose. =)
- Withdraw – The final step is to collect the profits you have made
Pros & Cons of IQ Option
- Biggest commissions in the industry
- Easy registration and instant activation
- No negative carryover
- Well-known popular and regulated brand
- Best conversions
- Real-time reporting stats : You can follow the price changes of desired trading assets through real-time charts
- Always on-time payments every 2 weeks
- No holds
- Mobile apps links and promo
- Advanced marketing tools
- Different localizations
- Professional and quick 24/7 international client support
- Multiple charts : In addition to the more commonly used charts, you can also use candlestick charts
- Tech analysis tools : You will find various analysis tools on the technical analysis panel
- #1 Trading app
- $10 minimum deposit
- Deals from $1
- FREE demo account
- Relevant financial news. You no longer need to look for yourself all the major news from various sites, but you can see them directly through the trading platform
- Limited number of trading tools
- No customers from USA or Japan accepted
IQ Option & US Traders
IQ Option does not currently accept US traders. For the moment, US traders can try one of these :
IQ Option Recap
- IQ Option is a binary options broker launched in 2012-13
- It is among the largest companies in this field, offering a site in more than ten languages
- IQ Option is safe, it is not a scam, and it is regulated by serious financial authorities
- It is one of the only brokers that offer a free demo account to all clients
- The company also allows you to open an account with as little as 10 euros
- IQ Option offers four type of assets : equities, indices, commodities and currencies
- The trading platform is very easy to handle and the interface is user friendly and intuitive
- No downloads are necessary, and users can start trading immediately after their account is created
My Final Verdict
IQ Option is neither the first binary option broker nor have they come up with the idea of binary options. However, they do bring a breath of fresh air. With creative thinking and technological improvements, they have succeeded in providing a platform that can offer clients a simple and exciting experience.
With their low minimum deposit and trade requirements, IQOption is ideally suited for small account holders. The deposit free and unlimited demo account provides new traders with opportunities to try out the trading platform without having to risk any money. The main complaint that we have about IQOption is their rather limited choices of trading contracts offered. Hopefully, this will be rectified in the near future. Nevertheless, traders looking for a new type of trading platform to experiment with should seriously consider giving IQOption a trail.
It is really easy to see why IQ Option became so popular so fast. I love that they were innovative enough to build their own web platform for their many users to trade on.
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.
Simply put, I give this binary option broker a big thumbs up and would recommend any trader of any knowledge level to give them a try. You surely won’t be disappointed if you do.
Happy trading! ^^