IQ Option Review
In this IQ Option review, we will share with you all the information you need to know to help you determine if the offer and services offered by IQ Option are right for you.
Table of Contents
What is IQ Option ?
IQ Option is one of the best online brokers to trade many financial instruments, including binary options and digital options, stocks, currencies, ETFs, commodities and crypto-currencies.
IQ option started its brokerage service activity in 2013 and operate under IQ Option LTD. This online broker is one of the most popular brands in the binary options market today, with over 50,000,000 users worldwide using this platform to trade online.
In recent years, IQ option has been refining these offers and introducing new derivative products in addition to options trading, with the aim of continuing to offer their clients a good trading experience and to optimize their investment portfolio.
Traders from over 213 countries can now speculate on their favorite assets through the online brokerage services offered by IQ option. This broker also accepts traders from India, Nigeria, South Africa, Philippines, Malaysia, Pakistan, Singapore and many other countries like Brazil, Mexico and Colombia.
IQ Option offers to their clients access to the financial markets and online trading through its own trading platform with a range of tailor-made instruments.
The interface and functionalities of the IQ Option trading platform have the advantage of being more advanced compared to the classic binary options platform offered by most competing brokers, because the IQ option trading platform is inspired by the systems used by forex and CFD traders.
Among the features not available with “classic” binary options brokers, IQ Option includes risk management tools such as stop loss and profit-taking levels on its platform. You also have the possibility of using a “position complement” function. This allows trades to keep their position open beyond the stop loss.
An important detail here: For traders familiar with the Metatrader 4 or MT5 trading platform, IQ option does not allow them to be used. However, the trading platform provided by this broker has nothing to envy the latter and offers more or less the same type of functionality.
The IQ Option trading platform also has more than 100 most used technical indicators to help you in your Technical and fundamental analysis, determine entry and exit points and forecast market trend reversals. The technical indicators that IQ Option offers you include: Exchange Volumes, MA, RSI, MACD, Bollinger Bands, Alligator, Parabolic SAR, Stochastic Oscillator, ATR, ADS, Fractal, CCI, KDJ, DPO, Ichimoku Cloud and Belkhayate Timing.
To help traders achieve the full potential in their trading activity. IQ Option provides its clients with a set of charting tools that can help them create various trading strategies including: area, line, candles, hollow candles and bars.
IQ option offers the possibility of speculating on different assets via the binary options, digital option as well as via CFDs. here is an overview of the assets you can trade with this broker:
Stocks: this broker allows you to trade 181 stocks via Options and CFDs with a leverage of 1:20
Forex: you can speculate on no less than 25 Forex currency pairs via options and CFDs with leverage up to 1:1000
ETFs: Trader among 23 classic ETFs such as the S&P 500, The Dow Jones Industrial and other more exotic ETFs, such as the Alternative Harvest ETFMG which is the first US and global ETF to target the emerging legal cannabis industry.
Commodities: Traders can Trade the most popular commodities like Gold (XAU), Crude Oil WTI (USOUSD), Silver (XAG) and Crude Oil Brent, via Optons and CFDs with leverage up to 1:100
Crypto currencies: Clients of IQ option also have possibilities of trading cryptocurrencies with a leverage of up to 1:100 for certain crypto assets.
Please note that European customers do not have access to the binary options for reasons of legal restrictions. As well as the leverage effect proposed and subject to a maximum threshold of 1:30 set by European financial market regulations.
IQ Option are breaking new ground with a new product called FX Options. FX Options is a new variant of options and can be traded on the 5 major Forex currency pairs.
Unlike binary options, FX Options are authorized on the regulated markets of the European Union. It is a new derivative product that has certain similarities to binary options because they also offer a fixed risk investment. You know from the start the potential profit and the risk.
In Option FX trading, the potential profit or loss depends on the price of the asset. With FX option trading, You can achieve up to 2000% return on your investment.
Another point to consider, unlike binary options, FX options can be sold before the expiration time is reached. Which can help you take profits or reduce your losses.
Trading costs (spreads, commission)
Costs and fees are one of the most important criteria when choosing a broker, it is recommended that you familiarize yourself with all the costs and associated fees for each financial instrument, as all of these fees can affect the overall cost of the brokerage. ‘a financial instrument and impact the cumulative effect on the return on your investment.
IQ option does not charge any fees on binary options, so one can speculate on the price movements of various stocks, currency pairs, indices and commodities without brokerage commission.
Spreads – This is the price gap between the buy and sell values. At this broker, Spreads can vary depending on different factors such as volatility, liquidity of the asset, and even the hours you trade.
Withdrawal fees – IQ option does not charge withdrawal fees to payment and wallet providers like Skrill. Only bank transfers have a fee of $ 31 (or the currency equivalent).
Swap Fees – this broker charges swap fees on certain CFD trades held overnight. They generally vary from 0.1% to 0.5% and are higher on weekends.
Dormant Account Fee – the company charges a fee for any account that is inactive for 90 days. Following the 90 days of inactivity, a fee of € 10 (or the currency equivalent) will be billed each month until the balance is zero.
Commission On cryptocurrency CFDs, a 2.9% commission is charged on cryptocurrency CFDs. Other markets have no commission at all.
you can find here a summary of all the fees and costs of this platform.
IQ Option allows you to open a free demo account with unlimited duration. With an IQ option demo account, you would have $ 10,000 in virtual money to practice, test different strategies and familiarize yourself with the platform before investing real money. If you run out of funds and want to continue training, and improve your skills, The IQ options demo account also gives you the ability to replenish your virtual money account with a single click.
Type of account
This broker offers different type of account: Standard and VIP accounts
The standard trading account is obtained through an initial deposit of only $ 10. The standard trading account gives you access to all types of options and basic features included in the VIP account.
VIP accounts can be obtained with a deposit of $ 3000 or more.
At IQ option, the opening of a VIP account which gives you certain advantages such as higher payments, training and guides to improve your knowledge on trading as well as access to trading competitions with prices up to 10 000 $
From the cost of returns on investment, IQ option is one of the brokers that offer the most competitive payouts in the binary options market. The returns on investment vary following different parameters such as the type of asset or the expiration time selected.
By trading with this broker, you can expect a profit of up to 95% of your investment on binary options and up to 900% on digital options.
Note that the term “profit percentages” does not mean that profits are guaranteed, but is a possibility of profit when a trade is successful. Under the right circumstances, traders can earn up to 95% payout with correct prediction on binary options and up to 900% with Digital Option.
Deposits And Withdrawals on IQ option
IQ option allows you to make your deposits and withdrawals using a wide range of payment methods.
The available payment methods may vary depending on the user’s country, the payment methods accepted by this broker include bank transfer, visa, Mastercard and Maestro debit and credit cards as well as electronic wallets such as Skrill and Neteller, PayPal, Advcash and even cryptocurrencies. Many trader prefer to use electronic wallets rather than bank cards, as withdrawals are much faster through them.
AstroPay is now available for Brazilian, Argentinian and Vietnamese traders. In addition, customers from the Asian continent can now make wire transfers from a wide range of banks:
Thailand – Government Savings Bank, Bangkok Bank, Krung Thai Bank, Kasikorn Bank, Siam Commercial Bank, TMB Bank and Bank of Ayudhya.
Indonesia – Central Asia, Negara Indonesia, Rakyat Indonesia, CIMB Niaga and Mandiri.
Vietnam – Vietcombank, Vietin Bank, Bank for Investment and Development, Asia Commercial Bank, Techcombank, Donga Bank, Eximbank and Sacombank.
Malaysia – Supported banks include: Maybank, Hong Leong Bank, RHB Bank, AmBank, Public Bank and CIMB Bank
Philippines – Help2Pay is now supported as a payment and cash withdrawal method for Filipino customers
Traders from China, Hong Kong, Taiwan, and Macau can now use China Union Pay for their deposits and withdrawals
South African traders can deposit and withdraw with new payment methods like Perfect Money. The Perfect Money e-wallet is notably available to traders from a multitude of regions of the world, including traders from South American countries such as Argentina, Brazil and Colombia.
IQ Option Android and iOS app
IQ Option offers a free mobile application for trading options and CFDs on the go. The mobile application is available for Android and Apple iOS smartphones and tablets. You can download this app for free from Google Play or the App Store.
This mobile trading application has a clear and intuitive graphical interface. You would find in this application the same graphics options as those available on the IQ option web platform.
the IQ Option mobile application allows you, among other things, to use charting tools, execute transactions, check the status of your trading account, view market prices, Configure customizable alerts, and the configuration of push notifications as well as many other features.
Download the app here:
- Low Minimum Initial Deposit Requirement, you can open account with only $10
- High Returns of up to 95% payout in case of successful trade in binary option
- Regulated Broker
- Quick withdrawals
- Intuitive Trading Platform and mobil App
- Access to Crypto markets such as bitcoin
- No MT4 and Metatrader 5 integration
- Card Withdrawals can take time
IQ Option FAQs
What is the minimum deposit to open a trading account?
You can open an account at IQ Option with a deposit of just $ 10 or an equivalent amount in your local currency.
Is the IQ Option platform reliable?
Yes. The website, desktop and mobile app are all reliable and they execute transactions quickly
What trading platform i can use whit IQ Option?
IQOption use a proprietary trading platform. the integration of the MT4 and MT5 trading platform is not supported. however the IQ options trading platform is quite equivalent in terms of charting and functionality.
How much leverage is offered?
The maximum leverage offered by IQ Option is 1:1000 for non-regulated members, EEA traders will see leverage capped at 1:30. It is possible to open a professional account to have those restrictions lifted.
How fast are withdrawal?
For every withdrawal request, IQ Option specialists need some time to check everything and approve the request. This is usually no more than 3 days.
All withdrawal requests are processed within 3 business days. If you withdraw to a bank card, it take longer because your bank require additional time to process the transaction. Conditions may vary depending on your location. You can contact the IQ option Support for more precise instruction.
If you withdraw your profits to an e-wallet (payment prossesors like Skrill, Neteller, or WebMoney), yous can get your money within 24 hours after complete your withdrawal request.
Is IQ Option Safe?
Yes. They are legitimate and are serious broker.
Do IQ Option accept Paypal?
Yes. IQ Option accept Paypal. you also have the possibility to use all best e-wallet options like Skrill and Neteller. you can find the list of all payment methods on their official website.
IQ Option offer a variety of contact methods:
you can email the clients support at: [email protected]
Customers are supported in over 20+ languages and can be accessed via telephone, e-mail or live chat.
Telephone Support is available in 18 countries including Australia, India, Thailand, Brazil, Germany and Spain (Helpline details on the site)
General risk warning: your capital is at risk