IQ Option is a popular Binary Options broker that permits you to trade a wide variety of economic resources. Tradable assets are Cryptocurrencies, Forex, Stocks, various Binary Options, ETFs, Commodities, and much more.
Now here is a question about its reliability, can we trust this trading platform? In this write-up, you will know about the characteristics and essential aspects of this company.
Broker Information
Established in 2013, and is administrated by a well-reputed IQ Option Ltd. Company. This trading platform is operated by a company called IQ Option LTD. Since its foundation, it has been one of the actively growing trading brokers in the business and is one of the best accessible selections for traders of all experience levels.
In 2018, the number of recorded users was about 41 million, which is increasing unusually every year on the IQ option platform. Unlike other brokers that use a conventional trading system, IQ Option has an exclusive custom-built platform to satisfy the desires of its customers. This trading platform is also user friendly and nicely designed with beautiful premium features.
- Multi-chart designs
- Historical quotes
- Market updates
- Technical analysis
- Volatility warnings
- Economic calendars
- Stock screeners
Users can use 13 different types of languages on this platform. IQ option trading platform allows you to trade a massive range of various resources or assets like several digital options, Stocks, Binary Options, Cryptocurrencies, Forex, Commodities, and ETFs. Nevertheless, we should keep in mind that most of the binary options are banned in the EEA.
IQ Option Demo Account
IQ option provides its customers with a free demo account creation practice just similar to other traders. It also enables customers to brush up their hidden skills and practice tons of trading tactics before money investment.
The users’ practice account offers ($10,000) as free trading money. The amount can be replaced or replenished during practicing if you run out of your funds inside of IQ option demo account.
Trading Assets
At the IQ option, you can explore more than 350 kinds of accessible trading assets. The most fundamental financial assets may include the Cryptocurrencies, Forex, Binary Options, Indices, Commodities, and Exchange Traded Funds (ETFs). Moreover, a massive list of available assets in the market contains the following:
- 23 Cryptocurrencies
- 187 Stocks
- 53 Options
- 73 Forex Pairs
- 5 Commodities
- 25 ETFs
The lowest amount for trading may vary for each asset option. For digital and binary options, the minimum trade amount is $1. For forex trading, the minimum amount is $20, and for the FX Option, it would be $30.
Regulation and Security
This award-winning broker has become more popular and operational with time. No one can doubt its customer’s reliability and quality of services because this excellent platform has a special place among the topmost brokers of the industry across the globe.
IQ Option is monitored by the CySec and is certified by Cyprus under a well-recognized company “IQ Option Europe LTD.” It ensures that they can deal with clients within EEA. Another famous sister company, “IQOPTION LTD,” controls and manages the accounts of brokers that live outside of EEA. IQOPTION LTD is not regulated by any authority but is registered in St. Vincent and Grenadines.
IQ Option Mobile Trading
IQ trading Option is a mobile-friendly service; it offers its customers numerous trading options and CFDs via mobile app. This application is available on Google Play Store or Apple Store via your smartphone gadgets (iOS & Android). It’s quite easy to use and fascinates the users by its fresh, premium, and striking themed graphics.
You can enjoy a charting option on the IQ platform, just like other platforms. IQ Option mobile application offers you the following facilities:
- Check Account Status
- Execute Trades
- Use Charting Tactics
- Stay Updated with Market Improvements
- Setup Customizable Alerts and Push Notifications
Account Types
Customers can utilize two categories of active trading accounts at IQ options, such as Standard and VIP accounts.
- Standard: A minimum of $10 is required to deposit for standard accounts. Unlike other CFD suppliers, there are no limitations on transaction functionality. Users can get access to more than 350 distinct trading assets along with a 24h withdrawal process. The users that live outside of the EU can also enjoy or participate in the various trading competitions organized on this online trading platform.
- VIP: This outclass account is only for those customers who will deposit at least $1,900 or more within the two days. VIP account helps the customers to manage their personal information or account, monthly trading records, and their reports and returns 3% additionally. However, the clients that are outside of EEA can access these VIP accounts.
Cryptocurrency Multipliers
Cryptocurrency Multipliers usually work on the same principle of leverage trading. Cryptocurrency Multipliers can be used at IQ Option, where there is a need to magnify the pricing. This idea was crafted based on the Bitcoin X100 multiplier. This fundamentally amplified the price movement by 100X folds, which offered a big opportunity along with a high risk for brokers.
Due to the high reputation of the Bitcoin X100 multiplier, IQ Option has extended the idea to IOTA, Ripple, Ethereum, and numerous other cryptocurrencies. Users can select the X20, X50, and X100 cryptocurrency multipliers. But these multiplier options can only be utilized by people living outside of the EU area.
Order Types
IQ option has multiple order types, and these may vary from one asset to another.
- Stop-Loss Orders: At this option, traders can set a specific loss limit that they can afford during trading. Your trade will automatically stop when you reach your fixed loss limit via this order type.
- Multiplier Orders: This outstanding feature permits you to increase your profit on assets through a multiplier. X20 X50 and X100 will enhance your investment price movement if you set a cryptocurrency multiplier. As a result, this multiplier feature can intensely boost up your revenues, but you can also face more risks.
- Take Profit Orders: This option is antagonistic to the stop-loss order feature. You can set a specific trade limit and able to stop trading early and can get your revenues before completion.
- Pre-Order: This feature permits you to move into the market when an asset meets the particular cost that you specify. When the resources reach that specified rate, the trade will be completed spontaneously.
Deposit Methods
IQ options allow you to deposit a minimum of $10 USD/EUR/ GBP. It offers tons of excellent funding options, and there is no need for any tax or fee for money deposit in your account.
Nonetheless, you have to verify your account before you deposit. The whole verification procedure will require your contact number, private details, emails, or picture for identification.
All the countries have different verification procedures or requirements for identification. Customers will find a massive list of deposit methods for IQ Option. You may select one or more of the below methods according to your needs.
- Credit Cards/Debit Cards
- Skrill
- Maestro
- Cash U
- WebMoney
- Neteller
However, the PayPal banking method is not available.
Withdrawal Methods
The methods mentioned above are also available to withdraw money from the IQ trading option. Additionally, customers can also withdraw via bank transfer method, but in this case, you have to pay some transaction charges. IQ options allow the lowest withdrawal limit of $2.
You have to verify your identity before withdrawal from the IQ option. This verification process will help to identify the scammers or hackers and can avoid any deceitful activity. Moreover, it is an essential step to secure the users’ accounts. IQ option enables to process all the transactions within one working day. If you want to take or withdraw money from via bank cards, it may take several days, depending upon the banks’ working hours.
Bonuses and Promotions
The CySec regulates IQ Option; hence, it doesn’t provide any bonus, promotions, or rewards option. Consequently, users can win prizes or jackpots from $100 to $100,000 by participating in exciting trading competitions. Unfortunately, the users of EEA cannot enjoy the thrilling tournament activities. You can get the free entrance via VIP account, and standard accounts require an entry fee for the competition.
Customer Support Service
On the IQ option, nearly 90 customer support helplines are available to facilitate their users. It offers multiple helpline options comprising the telephone calls, emails, and online chat option. IQ options assist its customers by providing a toll-free number to fix their problems or queries.
These toll-free helplines are available for specific countries such as United Kingdom (UK), South Africa, Brazil, India, Thailand, Singapore, Colombia, Australia, Spain, Chile, Mexico, Portugal, Argentina. You can contact us via live chat option to our customer care team, we’ll respond within 38sec. Furthermore, you can also drop your queries via email and get a response within 14min.
Restricted Countries
IQ option trading service is not available for traders from numerous countries like United States (US), Canada, Russia, Australia, Japan, Belgium, France, Turkey, Israel, Syria, Iran, and Sudan. IQ option is not accessible in the countries mentioned above due to their strict rules and regulations, but this trading service is available in almost 178 countries.
Verdict
In a nutshell, IQ Option is considered a trustworthy and reliable platform and has become more popular among the leading trading companies and industries. Their spontaneous tradeoff platform is excellent around the globe, and we impressively recommend IQ Option to buyers from beginner to advanced experience level.
While CFDs are highly complicated gadgets, and there is a maximum risk of instant money loss due to leverage. Stockholders can lose their cash nearly from 74% to 89% during CFDs trading. So if you comprehend its functioning entirely or can afford the money loss, you can choose the CFDs option at your own risk.
FAQ:
Is it possible to withdraw Bitcoin from IQ Option?
No, you can’t withdraw because on IQ option, we don’t have a Bitcoin balance. On the other hand, if you deposit via e-wallet, then you can only withdraw from the same e-wallet account. Thanks!
Does IQ option offer real money?
You can freely create your trading account at the IQ option for practices and demo purposes. When you log in to the account, you’ll get free $10,000 and can utilize them for real trading purposes without any threat. Traders can get real money within a short time just according to their desires and can easily withdraw that money without any hindrance. So yes! It offers real money to its users.
Is IQ Options trading platform A Scam?
No! It’s not a scam. In 2018, the number of recorded users was about 41million, which is increasing unusually every year on the IQ option platform. It is the most trustworthy and reliable online trading platform as its admirers are growing day by day due to its reliable services. Traders are processing almost 1million transactions per day via IQ option.
How does the trading IQ option function?
IQ Option is an exclusive platform that offers a wide range of alternative options for trading to brokers. It allows multiple trading choices, including Binary Options, ETFs, cryptocurrencies, trading Contracts for Difference (CFDs), forex, and several other options.
