IQ Option Review

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As a trader, choosing the right broker matters the most, because if you put in a lot of IQ Option Broker Reviewinvestment effort and time and you’re trading with the wrong broker, all your effort is definitely going to be in vain and that hurts a lot. That is why we, binaryoptionelite.com have decided to test out binary options brokers and do an in-depth research and also make our review on them, so that a lot of people do not go astray or fall victim of the wrong brokers.

Today, we are going to be doing an in-depth Review of Binary IQ Option. Here you’re going to discover everything you need to know about the broker as well as tutorials on how to use the broker, tools and learning material available for you.

Basic Information on the IQ OPTION broker

  • Address – Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol Cyprus
  • Countries available – All countries except USA, Australia, Japan, Canada, Russia, Turkey, Isreal, Sudan, Syria and Iran; iOS mobile application unavailable for Malta; Android mobile application unavailable for Malta, Myanmar, Liechtenstein, Cuba.
  • Licensed – Yes
  • Regulator – CYSEC
  • Software – IQ OPTION
  • Available since – 2013
  • Minimum deposit – $10
  • Minimum investment – $1
  • Maximum investment -$5000
  • Maximum Returns – 92%
  • Mobile – Available on Android & iOS
  • Demo account – Available
  • Assets – Currencies (Forex), Indices, Stock, Commodities

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IQ Option Broker Full Review

IQ Option (official site) is unarguably one of the top-notch brokers when it comes to binary options trading. Even though they started quite a bit recently, they’ve built quite a wonderful reputation for themselves which is one of the reasons a lot of traders are attracted to them. They’ve won several awards including;

  • Century International Quality Gold Era Award (Business Initiative Directions Group)
  • Best Technology Application (The Web Marketing Association)
  • Best Binary Options Broker Europe 2015 (Global Banking & Finance Review)
  • Most innovative Binary Options Platform (IFM Awards 2015), Best Mobile trading platform (IFM Awards 2015)
  • Fastest Growing Binary Options Brand (Global Brands Magazine)
  • Best Trading Platform, World’s Leading Binary Options Broker (MasterForex-V)
  • Most Reliable Binary Options Broker (MasterForex-V)
  • Most Innovative Binary Options Broker (Show FX World)
  • Best Binary Options Broker (FX Report Awards)
  • Best Binary Options Broker and Best Binary Option/Trading Application (IAIR Awards).

With all these series of awards, you can tell that IQ Option is not here to joke and can be trusted.

IQ Option Trading platform

IQ Option has a unique trading platform with a great user-friendly interface, differentiating theirs from other, which makes them stand out and simultaneously attracts a lot of investors. Their trading platform includes a lot of tools to help you while you trade, educational materials which include tutorial videos to guide you. The IQ Option platform was developed by a team of specialist in conjunction with inputs from traders. The platform was designed to suit both beginners and expert traders. The platform is extremely user-friendly and easy to navigate as well as packed with unique features.

IQ Option Trading Platform
IQ Option Trading Platform

Benefits from trading with the IQ Option platform:

  • Free educational materials:

Here you’ll find educational materials and tutorials, teaching you how to use the IQ Option platform, as strategies you can use while you trade.

  • Technical analysis and tools panel:

Trading with the IQ Option platform gives you access to trading tools as well indicators for proper trading analysis. Traders, both beginners, and experts can choose if they want their chart to be displayed as line chart or candlestick chart. The platform also contains technical indicators which can be used by traders to get a better picture of the market before placing trades. Despite its very simple appearance, the IQ Option platform remains the most sophisticated and advanced binary options trading platform ever created.

  • Relevant financial updates:

Using their trading platform, IQ option gives real-time daily news and update to guide you while you trade

IQ Option Binary Options Types

Available on IQ Option: High/low Option

IQ Option Mobile Platform

IQ Option also supports mobile trading, they have a downloadable mobile

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app for both the Android and iOS devices. This is a great development from IQ Option because it makes it possible for traders to conveniently trade from anywhere at any time without having to sit in front of a PC.

The best part of the mobile platform is that it has all the tools you’ll need, giving you a PC trading experience but from your mobile phone.

IQ Option Demo Trading

It’s rare to find binary options brokers with a demo account. IQ Option offer investors stand-alone demo account which you can practise on, trade live charts, test out strategies and also gain access to their free trading tutorials. The demo account is available for free and comes along with virtual $1000 which can be replenished, just in-case you exhaust it.

How to Trade Binary Options on the Platform

  •  Go to the instrument menu and choose your asset to trade (You can see the current profit percentage next to each asset)
  • Choose your expiration time (On the chart, the time is marked with a red line)
  • Set the size of your investment and finalize the trade using the call or put button

How to Trade Forex on the Platform

  • From the list of trading instruments, pick Forex
  •  Select the asset you would like to trade
  • Select the asset you would like to trade
  • Enter the amount of money you’re willing to invest
  • Select an appropriate multiplier (A multiplier would allow you to invest a larger amount than the one you have on hand)
  • Click ‘buy’ or ‘sell’, depending on whether you believe the asset is going to appreciate or depreciate.
  • Specify the stop loss and take profit price levels

IQ Option Deposit & Withdrawal

IQ Option offers a variety of deposit and withdrawal methods. This makes it convenient for their customers to deposit and withdraw money with a method that suits them. Deposit options include – Credit card (Master Card, Visa); Electronic payment (SKRILLNETELLER, Fasapay, Sofort, Webmoney, Qiwi, iDeal, Boleto, Cash U, Giropay)

IQ Option Payment Methods

 

IQ Option Account Types

Demo account:

  • Get started and practise trading for free
  • Access to educational tutorial materials
  • Trading opportunities are limited
  • Real money is not used here
  • Access to trade limited assets

Real account:

  • Complete access to trading opportunities
  • Deposit/withdrawal is allowed
  • Participation in trading competitions
  • Access to educational tutorial materials
  • Access to trade all assets

VIP account

Access to VIP will be gotten if you deposit $3000 or more.

  • Monthly trading analysis from analyst
  • Personal manager
  • Participation in trading competition
  • Access to trade all assets
  • Educational tutorial materials available

IQ Option Expiration Time

When checking for which binary options broker to use, the expiration time is something you should pay attention to.

The broker offers two categories of expiration time, which includes;

Short-Term Expiration Time

The short-term expiration allows you to place trades within a short period of time. It includes;

  • 60 seconds, 2 minutes, 5 minutes, 30 minutes, 60 minutes

Long-Term Expiration Time

The long-term expiration time allows you place trades which last a long period of time. It includes;

  • 2 hours, 5 hours, End-of-day, End-of-week, End-of-month

Customer Care Service

IQ Option has a very good customer service.  The company does not joke with their customers, and you can tell from their quick response to complaints and enquiries from their customer by their customer care representatives.

Go to their contact us page for a phone number in your location.

Is IQ option a scam?

No IQ Option is not a scam.

Pros:

  • Free Demo Trading Account
  • Maximum Rebate of 60% for OTM Trades
  • Up to 92% Payout Ratio
  • Excellent Customer Service
  • Multiple Withdrawal/Deposit Options
  • Regulated by CYSEC
  • Variety of Assets to Choose From
  • Innovative Trading Platform
  • Different Time Frames from 60 seconds, 5mins etc.
  • Good Trading Platform With Inbuilt Trading Tools Provided
  • Mobile Trading
  • Free Quality learning Materials

Cons:

  • Not available in USA, Australia, Japan, Canada, Russia, Turkey, Isreal, Sudan, Syria and Iran
  • Only Two Types Of Options Contract available

Conclusion

Presently, IQ Option offers binary options traders the best binary options trading experience in the industry. So far, no other binary options broker has been able to match the broker’s high standard and sophisticated trading platform, payout and rebate ratios. Also, their low minimum deposit, as well as their low minimum investment amount, has made binary options trading extremely affordable.

IQ Option Sign up

Signing up with IQ Option very simple and can be easily done in less than 5 minutes.

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