IQ Option Review 2020

IQ Option – Complete Trading Platform Review 2020

Who is IQ Option? How does IQ Option Platform work?

IQ Option is a leading binary options broker voted No# 1 in 28 countries. IQ Option started offering services to traders in 2013 and has been getting the top rank in the binary options industry ever since. They offer a variety of assets to trade on an innovative trading platform. This platform allows investors to trade in the financial market just by predicting price movements.

It presents its exclusive, modern, advanced, and most user-friendly trading platform to the world which has integrated analytics tools. Traders need not switch between windows (or to MT4 platform) to refer graphs, charts, and indicators. IQ Option platform is extremely helpful for professional traders because of its advanced features. The platform allows you to trade by referring to Bollinger band, Moving Averages, Stochastics, CCI, MACD, and other advanced tools. You can place trades on a wide range of Binary options of varying expiry to select (60 seconds- 5 minutes). IQ Option offers a payout up to 91 % (Amount to be credited to account for a successful trade) on most of the popular assets including stock and indices binary options. It also offers weekend trading on selected currency pairs.

You can find free training videos on strategies and chart interpretation with IQ Option. Get your free demo trading account which has all features of a real trading account. Hence you get the best real market conditions on IQ Option trading platform for placing demo trades. IQ Option provides Binary Options, Forex, CFD, and Cryptocurrency trading under the same account.

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What can I trade on IQ Option platform?

IQ Option trading platform offers several instruments to choose from that includes a wide range of popular assets:

  • 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. Over 180 Forex pairs – Major, Minor, and Exotic are available for trading with multiple leverages.
  • Stocks CFD – IQ Option has over 197 stock companies, including 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. There are presently 24 ETFs available, with leverages up to 1:20 for trading.
  • Cryptocurrency – The traders can also trade cryptocurrencies CFDs and Options to make money. A total of 27 Cryptocurrencies are available for trading with up to 1:100 leverage.

Hence, with IQ Option, you never miss an opportunity to trade, whether it is Stock, Forex, Index, or Cryptocurrency.

Is IQ Option a legitimate broker?

iq option legal?

Yes, IQ Option is a legitimate online trading platform. It complies with the multiple regulators. There are certain types of trading features unavailable in European countries to comply with EU regulators. Binary and Digital Options are unavailable in certain countries due to regulatory requirements. You must verify if the trading features offered by IQ Option are legal in your country before investing.

Account Types – IQ Option

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 70 assets and can also withdraw the available balance.

VIP Account

It is available only for non- EEA countries. An account gets VIP status after a deposit of $1000 or more. The VIP account holders get a personal account manager, higher payouts and priority withdrawal processing. There are exclusive training materials available for VIP traders to help them learn to trade efficiently. 

Funding Methods – Deposit and Withdrawal

IQ Option Funding

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 must first go through an account verification procedure. For account verification, you must provide a copy of your identity and address proof documents. The documents required may vary depending on the trader’s country. A copy of the Passport and Utility bill is enough 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.

  1. Select the trading instrument (e.g., Binary Options, Digital Options, Stocks, or Forex)
  2. Choose the currency pair or asset to trade. Examples are EUR/USD, USD/JPY, GBP/USD, Gold, Silver, and more.
  3. Set the expiry time – in Binary Options trading you can set it between 60 seconds up to 1 month.
  4. Choose a multiplier – You must select the multiplier while trading Forex or Stocks. The higher the multiplier, the higher the risk or reward.
  5. Set a trading amount – how much amount you like to invest.
  6. Take your trade – While trading binary options; it’s either higher or lower.
  7. In Forex, Stocks, and Commodities trading, it is buy or sell.

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. Within 24-hour withdrawal processing for VIP accounts.
  • 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%.
  • Excellent support in multiple languages.

CONs

  • Customer support available in limited languages, although it supports all the major languages.
  • Only 3 free withdrawals per month.
  • 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 Cryptocurrency 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 platform offering multiple trading instruments on one platform. It is regulated/authorized to carry out its business globally.  You can trust IQ Option for transparent and safe trading in the financial markets.