IQ Option provides the best Binary Options Trading & Cryptocurrency Trading platform and proved itself as one of the best Binary Broker among its competitors ie. Olymp Trade. I’ve written a brief and unbiased IQ Option India review.
Must read about Olymp Trade Review.
Highlights of IQ Option
- $10 Min Deposit
- 91% Payout (Amount is credited to account in case of successful investment)
- No Deposit Demo Account
- Traders from – India welcome
- Rating: 4.4 / 5
IQ Option was introduced to the world in mid-2013 and since then providing some great benefits for binary options traders. The free demo account provided by IQoptions with a $10000 trading balance is a great feature, and it is not time-restricted. The trading platform is cutting edge, but still user-friendly and the IQoption mobile app (with tailored android and iOS versions) is equally well designed.
IQ Option Review
They have also expanded their services beyond binary trades, IQoption started offering Forex, CFDs and even direct access to Crypto-Currency markets such as Bitcoin, Ripple, Ethereum and others. IQoption also delivers the risk management tools needed like ‘Stop Loss” and ‘Take Profit’ for Forex and Crypto-currency trading.
Nifty Outlook’s detailed review is going to cover each of IQ Option’s features, plus all the other elements that traders want to know about their online broker – so tips and strategy, minimum deposit and IQ Option withdrawal methods (like International Visa Cards, Astropay, Skrill and Neteller), login information, tutorial videos – and even whether IQ Option is a scam or not (It is not, by the way!).
Must Read: How to Withdraw Money from IQ Option?
Is IQ Option A Scam?
IQ Option is registered in mid-2013 and licensed/regulated by CySEC, but they have also sought to register with other regulatory bodies (full details can be found on their website). They are a ‘legit’, reliable business. Their affiliate network all market responsibly and ensure the nature of trading is reflected accurately. They are licensed by the FCA in the UK as the regulatory landscape recently changed there.
Established in mid-2013, the brand is – in our opinion here – one of the most reliable and innovative binary brokers in the industry. Various awards that they have won from various industry reviewers also enhance their reputation. They list their full array of awards on their website. IQ Option is safe and not a scam. The firm The broker operates in a very transparent way, in order to maintain their reputation and user confidence.
Account & Account Type
1. Demo Account
No minimum deposit, the virtual currency of $10000. This runs in parallel to the real money account and is not time-restricted. IQ Option is happy for traders to hone their skills for as long as it takes, and have faith in their trading platform to maintain trader retention.
2. Standard Account
A minimum initial deposit of $10. The standard account runs in parallel to the Demo Account.
3. VIP Account
A minimum deposit of $3000 or more in one deposit. Benefits to VIP status include:
- Higher Payouts (For example, +3% on FTSE or Google trades)
- Entry to larger tournaments, with prizes up to $100,000
- Educational materials are exclusive to VIP account holders.
IQ Option Trading Platforms
To provide their clients with access to the financial markets and online trading, they have built one of the most sophisticated but user-friendly trading platforms around the industry, especially OTC Brokers (Over the Counter Brokers).
The platform is available as a web-based hub, as well as a downloadable PC and Mac version. IQ Option also provides a Mobile platform to its users.
IQ Option Trading Platform’s Features
Let’s have a look at the IQoption Trading Platform & its features.
1. Metatrader 4 (MT 4) Integration
At present, there is no Metatrader 4 (mt4) integration. Users trading on mt4 will need to trade manually.
IQ Option allows traders to change the view of their charts from their choice of four different layouts:
3. IQoption platform chart Indicators
The platform allows their Traders to choose from 18 different Time intervals with nearly 20 different indicators like RSI, Bollinger bands and moving averages.
4. Trade Size or Minimum Investment
Trade size on IQoption Platform ranges from just $1 (minimum), up to a maximum investment of $10,000 on the classic options.
5. Multiple Trades
The platform allows their Traders to make multiple trades on the same graph. This feature is especially useful for Trade Signal and Sophisticated Trading Strategies.
6. Tutorial Videos
They also provide useful tutorial videos once users sign up. The range of educational material provided by the broker is very big, and ensure new traders can trade with confidence.
7. Mobile App
The IQ Option provides Windows, Android, and IOS Trading Apps and can be downloaded from respective stores.
8. Trading Options
IQ Option allows trading on its trading platform in several segments like CFD, Forex, Binary and CryptoCurrency.
In terms of returns on investments, traders can up to 91% payout in the case of a successful trade. Traders can request payouts via different methods like Wallets & Debit/Credit Cards. I’ve explained all IQ Option withdrawal in another article – IQ Option Withdrawal Methods and Tips.
As indicated on their website, IQoption Europe Ltd is operated by Info field Premier Ltd (Registration No: HE324593) and Investlab Holdings Ltd (Registration No: HE327751). Since Investlab Holdings Ltd is regulated by CYSEC (License Number: 247/14), this means traders trading on the platform are also protected under the provisions of the MiFID.
Open Trade Network by IQoptions
IQoptions started the rollout of its blockchain-based cryptocurrency exchange. Called the Open Trade Network (OTN), it is built on the Ethereum blockchain platform.
IQoption Trading Countries
IQ Option offers to trade in a range of around 200 countries. There are few countries where traders can not trade on the platform due to local laws. The firm is also growing very quickly in Asia.
IQ Option Registration Process
Traders in these regions are now able to register at IQ Option. The login process is very quick & easy, and the demo or virtual account registration requires only an email address. If you want to trade on real money than you need to make an initial minimum deposit of $10 and minimum trade should be minimum$1.
There are regular trader tournaments across the IQoption trading platform – each carries its own set of terms and conditions. Tournaments are generally a competition based on trading success with a leaderboard.
Advantages & Disadvantages of IQ Option
- High Returns of up to 91% payout in case of successful trade
- Low Minimum Initial Deposit Requirement – open account with $10
- Regulated Broker with CySec
- Cutting edge Trading Platform
- Direct access to Crypto markets such as bitcoin
- Secure account verification
- Quick withdrawals
- A smaller range of markets than some rivals on forex and CFD
- Self builds robot/auto trading feature removed
Support by the broker is offered in a range of languages and includes live chat for quick resolution of any complaints. Users needing to Unblock, Delete or Close an account needs to contact telephone support.
Final Words – IQ Option Review
The trading platform offers very user-friendly features and a very low minimum deposit of just $10. With a minimum trade size of just $1, and the best demo account terms available with no time limit. IQ Option is the best choice for anyone starting out with binary options trading.