IQ Option has become one of the most recognizable names and brands among binary options traders who have to pay close attention not to get defrauded in the relatively high-risk binary options market where many fraudsters operate. IQ Option has worked on its development, reputation, and performance since it was established in 2013 and manages to maintain a high-quality trading service which customers and traders appreciate.

Since binary options have stormed the market in the last decade, along with Forex trading, many traders need to feel secure with their binary options broker in order to make the best out of their trades. IQ Option has proven to be the right recipe for a long list of traders. Of course, the security of funds is of utmost importance at IQ Option which enables traders to deposit their money with this broker securely.

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

IQ Option Regulation

IQ Option is run by the IQ Option Europe Ltd and is regulated and licensed by one of the biggest names in Europe that control investments and transactions in the non-banking sector, the CySEC. A CySEC license requires applicants to fulfil a number of criteria and conditions related to capital, keeping funds separated, and security in general.

IQ Option runs its business from the Seychelles where many other brokers can also be found due to easier business conditions and lower taxes. CySEC keeps an eye on the business activities of IQ Option, and so far, CySEC never found a reason not to renew the license to this broker.

Trading Assets and Trading Platform

IQ Option has extended their assets list to over 500 assets one can trade in. Traders may choose between indices, stocks, commodities, and currency pairs. Currency pairs remain the most popular asset of traders, and they account for the biggest customer rate.

The trading platform IQ Option offers can be used as an independent app or accessed via the web-browser, and it is important to mention is that this broker relies on an in-house developed trading platform. The IQ Option platform is more intuitive and based on the trader’s needs in order to offer a full-fledged trading experience.

The easy navigation enables customers to find the option they need in no time and to react quickly if the market is shaking. As an online trading platform, it covers the needs of novices and professionals as it features basic and sophisticated and complex options for all those binary options experts.

Some of the most outstanding features include a variety of charts, e.g. the candlestick charts which offer a better graphic outline. Bollinger Band trading signals are also integrated into the platform which let traders know when the market is overbought or oversold. The platform also offers other great features like automated assistance or robots which can be used from time to time for trade execution, as well as the zoom and custom layout option which sets aside this platform from others.

Registration and login are also smooth just like everything else on this platform. Also, the platform is available as a smartphone app for all iOS and Android users enabling one-click access to your trades.

IQ Option and Account Types

One of the best marketing strategies is to offer a demo account for free so that novice traders can practice their trading skills without the risk to lose any money. Of course, the IQ Option broker, as one of the top brokers, offers a free demo account. The free demo account offers unlimited use which means one can practice for how long they want. The Demo account is also accompanied by learning resources which help new traders learn the trading business.

Besides that, two other types of real money accounts are offered. Traders may start trading with as little as $10 as it is the minimum deposit with the Standard Account which comes with many advantages like cash-back options that may go as high as 45%. This account also includes special bonuses up to incredible 80%.

As for your trading education, there are weekly webinars you can join with this account and enhance your trading skills. The webinars can serve as your guide in this hazy market. Depositing more than $100 is rewards traders with free trading signals obtained via email or message.

The IQ Option VIP Account is reserved for expert traders who need all the advanced tools and features to make their big investments worthwhile. It starts at a $1,000 deposit, and in return, traders get a 60% cash-back rate, free trading signals, and access to sophisticated options. What attracts customers to this account the most is the 100% bonus they get as a welcome gift for joining and each time they renew their deposit.

A personal account manager is assigned to every VIP account holder, and they are allowed to join analyst meetings where they are advised by experts how to improve their trading strategy. In general, IQ Option offers a high investment return rate which is over 90% for all winning trades, while other brokers do not go as high as 90%.

Deposits and Withdrawals

IQ Option offers a wide array of deposit and withdrawal methods in order to keep up with their clients’ favorite payment methods. Traders may choose among wire transfer, credit cards, Skrill, Neteller, WebMoney, CashU, Boleto, iDeal, Qiwi, and Fasapay. Withdrawals are handled within one working day giving traders the opportunity to enjoy their earned money within 24 hours.

Still, traders should study the funding methods carefully, as some of them impose high withdrawal fees which vary between $5 and $10. IQ Options minimum withdrawal amount is only $10, but it may not be worth it if a withdrawal fee applies.

Customer Support and Access

The customer support is available 24/7 in multiple languages, but they do not offer the live chat option which is the most popular one. Besides that, the phone line is not free of charge, and a fee applies when you call the support. At least, there is an online request form which seems to be the best variety.

IQ Option operates worldwide, except in the ten following countries: Sudan, Iran, Israel, Turkey, Syria, Canada, USA, Russia, Japan, and Australia.

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

 

Overall Rating
Reviewed by: McBinary.com
IQ Option
★★★★★  (5 / 5)