IQ Option Review

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IQ Option Review – Is it the Right Choice or is it a Scam?

IQ Option has been in business since 2012 making it one of several relatively young trading brokers. Its aim is to provide traders with a highly intuitive and flexible platform for investing that is suitable for both beginners and pros alike.

The Platform

This platform runs right in the browser which means that you don't need to install any software on your desktop and can access it from anywhere as long as you have an internet connection. This is very useful for those traders who are constantly on the move or those who don't want to install more bloated software on their machines. 

As well as the in-browser platform, IQ Option also gives you the choice of a mobile app which can run on iOS or Android. This makes it even easier to trade on the go even if you don't have WiFi as you can use your smartphone and data connection.

IQ Option utilizes a highly intuitive and very simple interface that makes it perfect for those just starting out. It is specifically aimed at binary options and every design decision is based around this type of trading. It's very popular right now across Europe, South America and South-West Asia but is finding a broader audience worldwide every day.

Opening an Account

Opening your account is as easy as pie and your first impressions of this company will be of simple and helpful operation. Simply click to open your new account and fill in your details. From there you'll receive a verification email shortly after and from there you'll be able to deposit cash and start trading with cash. This will normally take no more than 2-3 minutes and you can even signed up with social networks.

Adding funds to your account is similarly straightforward. IQ Option accepts Visa, MasterCard, Yandex.Money, QIWI, Neteller, Skrill, Webmoney and more which is a particularly long list for a service of this kind. You can also perform direct wire transfers.

Withdrawing money is also simply but the amount you can take out will be limited by the initial deposit. The process only takes around three business days once you've filled out an application. Multiple currencies are also supported so you can trade in dollars, euros, pounds, rubles reals and more. Bear in mind though that you can only trade in one currency and won't be able to change this later – so choose wisely!

Demo Accounts

One of the best features of IQ Option is the ability to open a free demo account. This means you'll be able to test the platform for yourself and even practice your trading without risking losing any cash. The only limitation is that you will have fewer assets available to trade.

Trading

IQ Option supports numerous different assets for trading and numerous different options in terms of ways to trade. This amount of flexibility is great for beginners and pros alike and means that the platform can grow with you as you expand your repertoire. The platform provides countless tools too that gives you multiple ways to earn a profit.

IQ Option provides access to a wide selection of financial markets and isn't limited by geography. Assets include Latin American and Asian brokers' boards, ALIBABA, Itau Uni-Banco Holdings, Loha Renner, Avtovaz, Yandex, China BAK Battery Inc, Ping An Insurance Group Co of China Ltd, Luxottica Group, BBVA, PetroChina stocks and more. This means that you don't just have to trade in currency pairs but can also pick stocks from a number of well-known companies from around the globe.

Traders will have access to a number of standard tools including Up/Down Trading, Contact Trades, Boundary Trades, Short Term Trading and Tournament. 

Binary High/Low means you can profit from an increase or decrease in the value of financial assets. You can 'Call' when the price of the asset in question is above the current price of expiration moment, or 'Put' when the price is below.

With One Touch you simply predict whether the price of a given asset will reach a set level before the end of a transaction. If it reaches that level once, you win. In boundary options trading you'll have two price boarders provided by the broker and can choose 'In' or 'Out' dependent on the inner or outer borders.

Short term transactions give you the choice of 1, 15, 30 and 45 minute trades. The risks in this type of trading are much lower and you can make a profit much more quickly.

Finally, with the free tournaments you can potentially win from a 250 dollar prize fund by competing with other traders. The idea is to increase the tournament deposit in a set time limit. The prize money will then be divided between the best participants in the top nine places. Mega tournaments raise the stakes further with a prize fund of 5,000 dollars. Participation costs just 10 dollars and the competition is set up so that all traders start out with an equal chance of success.

Educational Materials

As with many of the better brokers, IQ Option provides various educational materials to help you thrive and succeed in your trading. The team includes a number of experts whose aim it is to help you learn how to use the IQ Option trading platform but also how to succeed generally when trading. Thus there is an educational program that can help users to understand the following points:

What binary options are
- How to successfully analyze the market
- How to use trading strategies
- How to understand indicators

This trading is completely free if you have a demo account (also free to set-up) meaning anyone can use IQ Option to learn the basics of trading.

Conclusion

IQ Option is a fantastic choice of trading platform that offers powerful features and a great intuitive interface. Thanks to the great educational program and free demo accounts it's particularly well suited to new traders and a very good place to learn the ropes of binary options trading.

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Rating

Support
4.5/5
Bonuses
5/5
Payout
5/5
Platform
5/5

Awards

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