IQ Option Review
IQ Option Introduction
IQ Option is one of the leading online trading platforms that offer a wide range of trading options to its users. Launched in 2013, IQ Option has quickly gained popularity among traders all around the world. The platform is known for its user-friendly interface, competitive fees, and a wide range of trading assets. With IQ Option, traders can trade in various financial markets, including cryptocurrencies, forex, stocks, commodities, and more. The platform also offers a range of educational resources and tools to help traders improve their trading skills and make informed decisions. Overall, IQ Option is a reliable and trustworthy platform that offers a great trading experience to its users. We will learn more about the platform’s key features & services in this IQ Option Review.
Account Types
IQ Option offers accounts with simple terms and conditions. The most attractive feature of IQ Option accounts is that you can trade all instruments in one single account, i.e Forex, Options, and CFDs. The risk-free demo account is for unlimited practice without fear of losing money.
Demo Account
The Demo Account is available to new traders to practice and adapt themselves to the platform. The expert traders also use demo account to try their new strategies to help them trade more efficiently. The demo account comes with a $10,000 virtual money to play around with.
Standard Account
It requires a $10 minimum deposit and doesn’t have limitations on trading features. Users can have access to over 300 assets. This is the default trading account which gives you the opportunity to trade a wide range of financial instruments round the clock and on the go too.
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IQ Option
Olymp Trade
Expert Option
Spectre
Quotex
Pocket Option
What can I trade on IQ Option platform?
IQ Option trading platform offers over 300 assets available for trading. The details of assets are as follows:
- Options –
- Binary Options – The traders need to predict the price of an asset would go higher or lower within a time frame correctly to make a profit.
- Digital Options – IQ Option digital Options is a combination of Classic and Binary Options trading offering higher profitability up to 900%.
- Forex – It is the most commonly traded asset on IQ Option platform. All the popular Forex pairs – Major, Minor, and Exotic are available for trading with multiple leverages.
- Stocks CFD – IQ Option has stock companies like, Facebook, Amazon, Google, Tesla, and much more available for Stocks CFD trading.
- Commodities -The traders can trade popular commodities such as Gold, Silver, and Crude Oil with IQ Option.
- Indices CFD and ETF – You can also trade Index CFD and ETF on IQ Option trading platform. Presently ETF trading is available, with leverages up to 1:20 for trading.
- Cryptocurrency – The traders can also trade cryptocurrencies CFDs and Options to make money. All the popular Cryptocurrencies are available for trading with up to 1:5 leverage.
Hence, with IQ Option, you never miss an opportunity to trade, whether it is Stock, Forex, Index, or Cryptocurrency.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Is IQ Option a legitimate broker?
Yes, IQ Option is a legitimate online trading platform. It is registered as IQ Option LLC with Registration No. 905 LLC 2021, and address: Hinds Building, Kingstown, St. Vincent, and the Grenadines. You must verify if the trading features offered by IQ Option are legal in your country before investing.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Funding Methods – Deposit and Withdrawal
Fund Deposit to IQ Option Account
The minimum amount for the deposit requirement of IQ Option account is 10 USD/EUR/GBP. The traders can select their preferred payment methods from numerous options. You can choose from the following methods for deposit –
- Credit/ Debit Cards (Visa, MasterCard, Maestro)
- E-Wallets (Neteller, Skrill, Perfect Money, Advcash, and Cashu)
- There are certain country-specific deposit methods like – local bank deposit, and wire transfer.
After making a deposit, you can start trading. However, before you can withdraw your funds, you must verify your account. Verification process quite simple and take a few minutes to upload the documents. For account verification, you must provide a copy of your identity. The documents required may vary depending on the trader’s country. A copy of the Passport, Government issued identity card, or National ID can be used for the purpose of account verification. However, IQ Option may sometimes ask for a copy of the Bank statement or Credit card statement for additional verification to avoid financial fraud.
Fund Withdrawal from IQ Option Account
Your Account must be fully verified with a valid proof of identity for fund withdrawal processing. First fund withdrawal takes place through the same channel used for depositing. If you deposited using the credit/debit card method, you should withdraw the initial deposit amount using the credit/debit card only. This withdrawal shows up as a refund in your statement. Then, you may withdraw your profits using any of the withdrawal methods available on the fund withdrawal page.
The trading process on IQ Option Platform
The trading process on IQ Option platform is quite easy. Here’s a step by step guide on how to trade on IQ Option platform.
- Select the trading instrument (e.g., Binary Options, Digital Options, Stocks, or Forex)
- Choose the currency pair or asset to trade. Examples are EUR/USD, USD/JPY, GBP/USD, Gold, Silver, and more.
- Set the expiry time – in Binary Options trading you can set it between 60 seconds up to 1 month.
- Choose a multiplier – You must select the multiplier while trading Forex or Stocks. The higher the multiplier, the higher the risk or reward.
- Set a trading amount – how much amount you like to invest.
- Take your trade – While trading binary options; it’s either higher or lower.
- In Forex, Stocks, and Commodities trading, it is buy or sell.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Pros and Cons
PROs
- Advanced trading platform with an easy user interface.
- Integrated analysis tools and advanced indicators on the platform.
- Safe and secure deposit method.
- Free unlimited Demo trading account.
- Free training videos on analytics and strategies.
- You can start trading with a minimum deposit of just 10$.
- Higher payout of up to 92% in case of correct prediction.
- Excellent support in multiple languages.
CONs
- Customer support is available in limited languages, although it supports all the major languages.
- One withdrawal per month is free and 2% for second and consecutive withdrawals
- Withdrawal processing time is 1 to 3 business days, which can be reduced.
Special Features – IQ Option
Apart from trusted customer services and advanced trading platform, the other features with IQ Option are weekend trading on selected assets. IQ Option has recently started Crypto CFD trading, including Bitcoin trading. This offers you a chance to trade the most talked-about asset of 2017 -18. Bitcoin has shown unusual price movement in the past few months. You can trade on Bitcoin price movements with IQ Option in any direction. Never miss a trading opportunity on Cryptocurrencies, short sell Bitcoin when you expect a downward price, and take a long position when the price rises. Short selling of Bitcoin is available with IQ Option while protecting you from a negative balance in case of an adverse price swing. You never lose more than your invested amount.
Start trading the Bitcoin in a few simple steps with IQ Option using your credit or debit card. You can take a Short or Long position on Bitcoin, and make money for price swing in any direction.
It has got one of the best in the industry trading platform with integrated Indicators, Traders’ sentiments, and charts different time frames. The customer service, a wide range of payment methods, including same-day fund withdrawal for VIP clients, are few sought-after features of IQ Option.
| General Risk Warning: The financial products offered by the company carries a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. |
CONCLUSION
IQ Option is one of the most trusted online trading platforms offering multiple trading instruments on one platform. It is registered with Registration No. 905 LLC 2021 and address: Hinds Building, Kingstown, St. Vincent and the Grenadines. It accepts traders from most countries excluding a few countries. You can trust IQ Option for transparent and safe online trading in the financial markets.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK