What is IQ Option? – Facts about the company
IQ Option was founded in 2013 as a Binary Options Broker for everyone. The strengthening of the company is the low investment amount (minimum deposit) and the flexible trading platform. The broker is based in Hinds Building, Kingstown, St. Vincent, and Grenadines, and operates outside of Europe (Company: IQ Option LLC).
Nowadays, there are more than 2 million trades executed on the platform daily. The broker wants to give the trader an all-in-one platform with a huge variety of different assets and financial products. I have known this broker since 2015 and they always improve their service and offer for traders. With a rising customer base, the payouts of the broker are rising too. 2017 they withdrew more than 11 million $ every month.
Facts about the company:
- Headquarters in Hinds Building, Kingstown, St. Vincent, and Grenadines
- Broker since 2013
- You can use small investment amounts (1$)
- All-in-one online trading platform
- High asset profit of 100% for Binary Options in case of correct prediction
- No hidden fees
How safe is the broker? Safety of customer funds
IQ Option works with different liquidity providers. This is a big advantage and deletes the conflict of interest. In addition, they use different encoding techniques for providing a safe platform.
The trading account is very safe too. For example, you can use 2-factor authentication. After your login, you will receive an SMS message with a login code. You get only access to your account when you use your smartphone. The option can be turned on or off.
Facts about safety:
- Various payment methods
- Safety options for your IQ Option account
- No conflict of interest for traders
Conflict of interest is a critical topic for most brokers. Not for IQ Option. The broker hedges the positions of its clients in the real market for Forex, CFD, and Crypto. On the other hand, they hedge the Binary Options between the traders and there is no conflict of interest. In conclusion, the broker is one of the safest companies in the world, and payouts are guaranteed.
Is IQ Option regulated?
Unfortunately, IQ Option LLC (company), which manages the domain www.iqoption.com, is not regulated. It is a registered company in St. Vincent and Grenadines. In most countries, this broker does not need a regulation to offer its services.
Is IQ Option legit or not? – Trust of the broker
Unlike average brokers, IQ Option stands out in many respects. Let us look at why traders opt to trade with IQ Option.
- IQ Option is an intuitive online trading platform offering hundreds of new features to its clients every day.
- It has more than 40,00,000 users indulging in trading in multiple financial instruments every day.
- This is an online trading platform with proving legitimacy.
- You can find their name constantly on the list of best brokerage firms in the industry.
- Their feature-rich platform offers quality services to clients.
These things explain the legitimacy of the broker and also the reason why many investors join this online trading platform every day.
IQ Option has millions of users from different countries. Every day, IQ Option handles transactions worth millions of dollars. A trader can make money using his trading strategies and checking the asset’s price movements.
Review of the conditions for traders and trade offers
On IQ Option are more than 300 different assets available. You can trade them with Binary Options or Forex/CFD. Also trade Stocks, Options, ETFs, and cryptocurrencies with a minimum amount of 1 dollar.
The most traded financial product on the platform is Binary Options. You can choose an expiry time between 30 seconds and the end of the month. IQ Option gives a trader the flexibility to develop his trading style. The asset profit of Binary Options trading is compared to other brokers very high. With a normal account, you get some time over a 100% return. VIP account is available to clients that deposit significant amounts (the exact amount is subject to change).
Forex, Commodities, Stocks, and Cryptocurrencies are tradeable with a spread of less than 1.0 pip. The spread depends on your asset and market conditions. In addition, you can trade with a maximum leverage of 1:1000. Which is very high, but you can change the leverage before each trade.
In conclusion, IQ Option makes a very reliable impression on me. The range of assets is quite high and the fees are at the lowest point compared to other brokers.
How much does it cost to trade on IQ Option?
If you want to start trading via IQ Option you should know about all the fees the broker charges. I’ll give you a short overview of the most important fees and when the broker will charge your account:
- Deposits: no fees (currency conversion fees might apply)
- Withdrawals: one month is free, then you will have to pay 2% for all upcoming withdrawals
- Trading binary options: no fees
- Trading digital options: no fees
Additionally, there are some more fees you will get to know later on.
Review of the IQ Option trading platform
IQ Option offers a unique and intuitive platform (picture below) for browsers, desktops, smartphones, and tablets. From my experience, the platform is flexible and very customizable. The goal of IQ Option is to make trading very simple. Beginners should be familiar with the platform in a few minutes.
It is an all-in-one platform because IQ Option offers so many opportunities to invest in the financial markets. You get access to a wide range of assets with a few clicks. The transactions are clearly shown on the platform so that transparency is given.
Use different types of charts and popular indicators for your strategy. You can customize the chart by yourself to prepare it for your trading strategies. Multicharts for a better analysis are available. It would be too much if I show you all the options on this page. Just predict the asset price direction and open your first trades. You can always trade a long or a short position. In conclusion, IQ Option got one of the best trading platforms compared to other brokers.
Furthermore, the platform is available as a mobile app for desktops, smartphones, or tablets. The broker says that the app for the computer is much faster than the web version. The broker´s portfolio is complete with mobile trading for its clients.
Professional charting and analysis are available
For analysis, it is important to use the chart. Different trading strategies can be accomplished with the online trading platform. IQ Option provides 4 different types of charting. You can customize them within the color and the timeframe. The settings are automatically saved by the platform or you can do it manually.
Chart types:
- Line
- Candles
- Bars
- Heikin-Ashi
Use more than 18 different timeframes. It is possible to use between a 5-second chart and a 1-month chart. The diversity of options is very huge on the platform. The broker always tries to improve their offer to his clients.
Another point to mention is the advanced trading tools, for example, indicators. Use more than 5 different graphical tools (including Line, Trend Line, Horizontal Line, Vertical Line, and Fibonacci Lines). Technical analysis works reliably in the markets and is used for more than 100 years of financial trading. Also, the graphical tools are customizable in color and thickness. For example, you can lock them in and the trading tools won’t move in the future.
Trade with more than 20 different technical indicators. The features are available in the mobile app too. The most popular indicators are the Moving Average, Bollinger Bands, RSI, and ATR. In conclusion, the broker provides a big range of different analysis tools for your success in trading. Another big advantage is that they are fully customizable.
At the latest, there are different widgets to customize your intuitive trading platform. Watch the Current Buy/Sell ratio for the selected asset with the Traders’ Mood. You can generate different trading ideas because of that. Furthermore, it is possible to see the trades of other traders in the chart. In my opinion, it can be a motivation for your trading. In addition, pop-up news is available directly in the chart. The news depends on your chosen asset.
Trading Tutorial: How to trade with IQ Option
IQ Option offers a huge diversity of different financial products to trade in the markets. The most popular product of the broker to invest money is Binary Options. From my experience, IQ Option is one of the best brokers for binary trading. Binary Options are the most traded product on the platform. In this section, I will show you how it works.
If you want to trade Binary Options successfully, you have to make the right forecast of the market movement. Risk and profit are limited. Special for Binary Options is the expiry time. You have to choose between different time horizons. It can be long-term or short-term. The trade automatically closes after the expiry time. Bet on rising or falling markets. The price has to be below or upper your entry point.
Account opening with IQ Option
The real account is combined with your free demo account. With one click you can change between these 2 accounts. For the registration, you only need your name, email, and a secure password. The account opening only takes the time of 30 seconds. After the registration, you can start practice in the demo account or deposit your first money. It is possible to trade without verification.
I recommend doing a verification before you start investing real money because withdrawals without verification are not allowed. Just upload some personal documents and the account will be approved in less than 24 hours.
For beginners, there is a complete tutorial on the IQ Option trading platform. For further questions, you can ask chat support.
- Verification in less than 24 hours
- Change between demo and real
- Fast support for questions
Account types on IQ Option
IQ Option offers three different types of accounts:
- Demo account
- Standard account
- VIP account
If you want to get directly started with real money, you can open a standard account. Just top up your account with at least $10 and you can start trading. Do you want to be a VIP trader? To get access to the VIP trading account, you have to place a minimum deposit of significant amounts (the exact amount is subject to change).
IQ Option VIP account
IQ Option offers a VIP trading account for traders who are depositing significant amounts. The amount is decided by IQ Option and is not fixed. You can contact the broker if you want detailed information.
Another advantage is VIP training. You will get access to different PDFs only for VIP members. Furthermore, you can book direct sessions with your VIP manager who is called your personal account manager. The support is very comfortable and they will care about you in different ways. In conclusion, a VIP trading account is a good opportunity to get more profit and knowledge for your success in trading.
Tournaments and contests for beginners and advanced traders
Tournaments and Contests for Binary Options Trading. In most cases, more than 3 different Tournaments are available for traders. Each Contest got its condition for trading. If you finish the tournament among the top traders, you can win a part of the prize pool that can reach up to $50,000. Now I will show you how the Tournaments are working:
If you take part in one contest, you will get a separate account for the contest. It is like a demo account with virtual money. Now you have to make a profit and compete against other traders. Do not blow up the account otherwise, you will have to pay the registration fee again. Sometimes there is a big prize pool of 100.000$. This is a good way to get a profit with a small investment.
Facts about the battles:
- Compete against other traders
- Pay a registration fee
- Trade with virtual contest money
- Make as much profit as you can
- The first places win a huge amount of money
- Example: You can win money with the place of 30. This depends on the Tournament.
