IQ Option Review
|Headquarters||IQ Option LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines|
|Product Offered||CFD, Digital Option Contract|
|Supported Currencies||USD, INR , EUR, GBP|
|Deposit Methods||GlobePay, Skrill, Advcash, Perfect Money, Mastercard, Visa|
|Withdrawals Methods||Webmoney WMZ, Advcash USD, Neteller, Visa/MasterCard, GlobePay, Skrill, Perfect Money|
|Leverage||Leverage may change depending on market conditions.|
|Account types||Demo, Trading|
|Mobile trading||Yes. For IoS and Android|
|Customer Support||24/7 by live chat, e-mail or telephone|
What is IQ Option?
IQ Option has been officially operating in the financial market since 2013. For a broker in the modern world, this is a rather long time period. During this time, for many investors and traders, he has become a reliable and profitable partner.
IQ Option is a service for trading CFDs and binary options, which, thanks to the availability of the most effective analytical programs and highly professional staff, has the highest development coefficient in this area of services. Join more than 48 million traders worldwide! In the article you will find a detailed IQ Option review.
The company's website has 4 awards for different periods of the broker's development:
- At the Forex Awards in 2013, the broker won the award as "Best Trading Platform". Isn't it nice to trade on such a platform? Of course yes. Try it too!
- At the 2016 Web Marketing Association awards, the IQ Option mobile app won the Best Technology App award. Since 1997, the WMA has presented awards to the best companies in the field of marketing and Internet development.
- In 2017, the broker received the highest award "Seal of Excellence" at the Communicator Awards. The award is given to those who raise quality and industry standards in their field.
- And another award from Business Initiative Directions. For commitment to quality in customer service. Join a reliable partner!
A multi-stage, original system of control measures and procedures ensures the reliability of the broker's work and, as a result, minimizes the risks for the client. IQ Option uses SSL encryption technology to ensure that there is no unauthorized access to your account. The broker takes drastic steps to encrypt the web traffic between the trader's computer system and its servers in order to ensure the protection of the personal and financial data of its clients.
The legislature of any country obliges brokers to carry out internal control procedures, which are designed to combinedly assess the compliance of the company's activities with the regulations of the country. Through the interaction of divisions, the preparation of internal documents, an effective environment is formed for building a legal business. At different levels, there is an assessment of risks and the search for solutions, including even potential problems.
IQ Option LLC is legally registered in Saint Vincent and the Grenadines under a registration number. No. 905 LLC 2021 and the broker is allowed to provide services / products through the website iqoption.com. There are no restrictions in the local legislation of India for a broker to provide services over the Internet. Based on the foregoing, the Company is permitted to provide services to residents of India via the Internet. The company has been on the market since 2013 and all legal information can be found in the company's Terms and Conditions.
How IQ Option works?
So, we found out what IQ Option is, it is a large global online trading platform. Let's see what features the broker offers and how to make transactions more efficient.
The platform offers trading on various markets using CFDs. IQ Option CFD trading is very similar to classic financial market trading, you also buy stocks and other assets. The rules are the same. The difference is that in a CFD you do not own the underlying asset. You buy a contract between you and your broker and earn on the change in the price of an asset.
Also use binary options trading. In this case, you make a forecast about how the price of the selected asset will change. When the trade expires, you will either make a profit (if the forecast was correct) or take a loss.
An important and attractive point is that the transaction amount for any asset can start from $1.
The list of financial instruments for trading is really big. There are the most tradable assets. Let's consider each of them in more detail.
It is a derivative instrument that has an underlying asset - it can be cryptocurrency, currency pairs, commodities, etc. The yield on options can reach up to 95% of the transaction amount. This percentage changes depending on market conditions and is always displayed next to the asset. Assets have different percentages of profitability.
For example, you make a forecast that the share price will grow, place a bet on $10 and specify the expiration time (end of the transaction) 1 minute. At the same time, you see that you can earn 90% of the transaction. If a minute later the price of the stock does rise, then you get back your $10 bet plus a $9 profit.
A digital options combines the power of a binary option trading with an increase in the price of the underlying asset. So instead of a fixed return, the return on a digital option is calculated based on how far the price moves from the strike price. The farther from the price movement, the higher the income.
Commodities are often used in trading as a volatile asset. Trading on the platform:
- oil brands Brent and WTI
Investors often choose ETF trading as the most diversified asset. It is known that an ETF is, so to speak, a basket of shares of various companies. In the arsenal of IQ Option 23 fund.
This is the most extended section of assets. The platform features 188 shares of global companies, the position of which is monitored by the whole world (Apple, Tesla, Amazon and others). Now you can earn on their shares.
Forex trading is a classic and volatile tool that is great for short-term trading. On the platform, you will find 31 currency pairs for investment (eur-usd, usd-gbp and others ).
A favorite instrument for traders, for its volatility and trendiness. Do you want to speculate on cryptocurrency? Try it! You can buy and sell 19 of the most popular coins on the platform.
Using a multiplier, a trader can control a position that exceeds the amount of funds at his disposal. For example, if you open a trade for $10 and use a x5 multiplier, your potential profit (as well as loss) will be calculated as if your investment was $50. In other words, the payouts you will receive (and the losses you will incur) will be five times greater. For Example cryptocurrency multiplier can reach x100.
There are 12 trading indices on the platform. The list includes world indices of the USA, Hong Kong, Germany and other countries. Follow the news in the economy and earn with IQ Option.
To start using all the advantages of the presented platform, you need to take a few simple steps. All of them are free and take a few minutes to complete. After that, you will be able to make your first trade.
Registration in India
The first thing you need to do to trade on IQ Option is registration:
- Follow the link to the registration form
- Fill in your details, email address and password.
- Select your country of residence.
- Verify your account through the letter that was sent to your e-mail.
- The system will transfer you to the web platform where you can get acquainted with the user friendly interface of the site, download the application or try your first trade on a demo account. Start now!
After successful registration, the system will automatically open 2 accounts for you. During the trading process, you can use both accounts within this account and switch from one to the other on the platform. To do this, click on the amount of your account in the upper right corner of the working screen and change the type of account.
So, the first type is a free demo account. Please note that it is completely free. When you open it, the process of transactions, you will not pay anything.
The system will automatically add $10,000 to your account as test (training) funds. This is of course not real money and you will not be able to withdraw it or profits received on a demo account. But you can safely experiment and learn from this account.
Replenish this account if your test money runs out. It's free. Simply click on the amount in your demo account on the platform in the upper right corner and then click refresh. The amount will be replenished again up to $10,000.
A live real account will allow you to make real trades and make real profits. To do this, the account must be replenished by a convenient method.
A standard trading account opens up all the possibilities of the platform for you, and in order to use it, replenish your account from only $10!
A VIP account allows you to get some benefits such as a personal manager, higher percentages of profitability on binary trading and priority when withdrawing funds. To get it, you need to replenish your account with a certain amount. You can find out the exact figure in technical support.
In order for your account and the entire platform to be protected from fraud, the broker has an identity verification procedure for each user. It can last several days and includes address verification, confirming the identity of the trader using documents. It can be a passport or driver's license. As well as bank card verification. To complete it as quickly as possible, just follow the instructions on the platform.
IQ Option provides investors with everything they need for effective transactions. Own platform for different devices will allow you to always be in the know and trade comfortably.
The PC version of the application is the most functional and convenient solution for trading IQ Option. Download for free!
You can download the application for Windows PC from the official website or the Windows store. Make sure your system meets the requirements:
- Operating system Windows 7 or higher;
- RAM not less than 2 GB;
- Disk space not less than 130 MB.
MacOS PC Requirements:
- Operating system MacOS X, Yosemite;
- RAM not less than 2 GB;
- Disk space not less than 130 MB.
The mobile trading app is, of course, the most convenient option for those who are always on the move or simply don't have a PC. The app has been awarded as the best mobile app and you can download it for free and start trading right now! In the mobile version, you can also open an account, that is, register.
Android and iOS
Mobile apps commerce has gained immense popularity in recent years. A variety of Android and iOS devices make it convenient to trade from anywhere with an internet connection.
The mobile app is just as functional as the desktop app. In addition, transactions are synchronized across all platforms used by the trader. To download, go to the official website in the "For traders - download applications" section.
You can also use the WEB version to trade or get acquainted with the broker. Note that it does not have the full functionality of the application and may be slower. Therefore, we advise you to download the application for free!
Any trading platform has its own features and distinctive features. IQ Option is a universal trading platform for beginners and experienced traders. It has a good set of features that meet the requirements of the most demanding users.
The first and most important part of technical analysis is the charting tools which reflect real time quotes. 4 types of chart will be available to you:
- Japanese candles
When building candle and bar charts, you can change the timeframe. This is the range of price changes for a certain time period. It can be configured from 5 seconds to 1 month.
Try to draw on the chart yourself, for this there are 5 tools: line, trend line, vertical and horizontal lines, and Fibonacci lines.
In terms of the number of technical indicators, IQ Option has surpassed many. In the "Indicators" tab you will find all the indicators offered by your broker (moving averages, Bollinger Bands, MACD etc). Take turns choosing what interests you. There are several dozen of them. Build strategies using several indicators at once, or base your technical analysis on one indicator - the choice is yours.
Another advantage is the orders on the platform. Use them to improve the quality of your trading. A pending order will allow you to automatically open a position at the price you need. Limiting orders (Stop Loss and Take Profit) will allow you to close a position when you reach the desired level of profit or a certain level of loss. Orders can be placed on the right panel of the work screen, after setting the transaction amount and other parameters.
Analysis and alerts
You can use all of the above order types in apps and be able to set alerts on your device. Alerts and notifications will let you know if there are any price changes if your price reaches its target and will keep you updated on any important developments. Install them on the left panel of the platform.
All of the above trading tools somehow simplify trading and make it more efficient. Don't forget about risk management. For this, for example, limiting orders are needed. In addition, remember that:
- Do not invest all capital in one asset;
- Open a deal for an amount that you are not ready to lose;
- One of the rules also says: do not open a trade for an amount exceeding 5% of your trading capital.
Any trading involves a high risk of losing. Learn the rules of behavior in financial markets and risk management.
IQ Option is not a millet trading terminal. In addition, you become part of a large community. On the platform, you can exchange experiences and simply communicate in live chat. Open it in the left panel in the "Chats" section. Join the group in social networks, this is an interesting trading experience and communication among traders.
So, it has already been said that in order to take advantage of the benefits and earn real money, you need to replenish your account in the amount of $10 or more. The company provides many deposits and withdrawals methods. You will find the most popular electronic payment systems, as well as the usual bank credit cards among the replenishment methods.
You can change the account currency only at the first deposit. Subsequently, you will not be able to change the currency.
You can withdraw money from your account in the same ways as you can replenish it. In your personal account, go to the "Withdraw Funds" section, select a convenient method from those offered and have a withdrawal request. The withdrawal takes an average of 1-3 business days.
A very important part of working with any financial institution is commissions. IQ Option makes the trading procedure as transparent as possible. All terms and conditions can be found on the company's website. Below we highlight the main points that may concern you.
IQ Option does not charge any fees for funding your account. However, if you choose, for example, a bank transfer, then your bank may charge its own fee.
You can withdraw funds for free once a month. Further, the withdrawal fees will be 2%. But the system that you have chosen for the transaction may charge a fee. All information is indicated during the translation.
The Company reserves the right to charge a swap fees in the amount of 0.01% to 0.5% and in exceptional cases up to 1.7% of the nominal value of the position for the transfer of the position to the next day. Transfer fees may change in the future. The "swap" commission for the transfer of positions to the next day, carried out on Friday, is 3 times higher than the rate on another weekday, because. includes weekends.
If for 90 consecutive days or more no requests for transactions are received from the client, the company reserves the right to accrue a inactivity fee for the Inactive Account in the amount of 10 euros, which is deducted monthly from the amount of the unused balance on the Client's Account until the Account becomes active . The Commission shall not exceed the total balance on the Client's Account.
The Company has the right to charge a client a commission in the amount of 20 USD (twenty US dollars) for closing an account if it was established that the client has not reached the age of majority in the country of which he is a citizen or resident.
Bonuses and promotions
In addition to the main function of trading, there are tournaments and other activities from the broker.
IQ Option tournaments are one of the features that make the platform stand out. This is where traders compete against each other to earn some of the prize money. In addition to being fun to play, IQ Option tournaments also test your trading skills. It's also a great way to earn tons of cash prizes with little investment. Trade with IQ Option!
The affiliate program is aimed at clients who want to become part of the IQ Option team. By becoming a member of such a program, you will be able to make a profit for the traders attracted to the platform. You can find out more on the website in the Affiliate Program section.
Multilingual support service available 24/7. You can write:
by e-mail email@example.com, in live chat (left panel on the platform, chat section). There is also a live chat on the broker's website in the "Help" section.
If you would like to speak to the support team in your native language, please select the appropriate phone number from the list.
- +13468009001 Line in English
- +6621040795 Thailand (Bangkok) - line in English
- +254203894272 Kenya (Nairobi) - line in English
Among the complaints that traders leave in the support service, the following may come across. Long verification. But treat this with understanding, a quality check can take several days.
Withdrawal delays. This is a common problem with many online platforms. However, on the positive side, there are no complaints that the platform is unwilling to pay out earned funds.
Pros and Cons
|Broker on the market since 2013||Verification may take several days|
|Demo account for $10,000||Only one type of binary options|
|Small deposit 10$|
|Minimum investment amount 1$|
|Section of training (video tutorials)|
|Large analytical section|
|Big selection of assets to trade|
|Opportunity to trade binary options|
|Tournaments with cash prizes|
|Wide range of reputable payment methods|
|Easy to use trading platform|
|Own useful blog and webinars|
Alternatives to IQ Options
Nowadays, traders are provided with a large selection of trading platforms. It is important to choose a reliable and legal platform. Here are some online brokers you can trust: Quotex, Olymp Trade, Exnova, Binomo, Expert Option, Pocket Option.
Is IQ Option free?
Yes, you can trade for free. For some moments, such as an inactive account or overnight trading, commissions may be charged.
Is IQ Option a scam?
IQ Option has gained a good reputation in the market over the years. The broker has been tested for years and is not a scammer. This can be seen in their regulated status and awards received. From their growth curve based on the number of trades and profits of traders on a monthly basis, it is clear that they hold their rightful place among the brokers.
Is IQ Option legal?
Yes. The broker is allowed to provide services/products through the website https://iqoption.com/ in the territory of India.
Is IQ Option safe?
Yes, all client data, as well as transactions, are securely encrypted. And all clients inside the platform are verified. IQ Option provides a high level of protection.
Can IQ Option be trusted?
The company's clients trade worldwide and have over 48 million registered users on the platform since 2013. These numbers speak for themselves. You can certainly trust the broker. But take trading seriously. The outcome of the transaction depends on the literacy of the trader. This is a risk warning you should always remember.
Is IQ Option good for beginners?
This broker is a great option for beginners as it has instructional videos, a small minimum deposit of only $10 and a demo account to practice with.
Is IQ Option withdrawal safe?
Yes, all data is encrypted and the broker's partners (payment systems) are reliable and reputable in the world of finance.
How much money can I withdraw from IQ Option?
The minimum withdrawal amount is $2, the maximum amount depends on the payment method you choose.