IQ Option Review
IQ Option is without any hesitations a leading broker in the former soviet republics which has managed to make binary trading available for every single person by offering first class services, the lowest deposit and max payout percentage that reaches as high as 92%. In the year 2013 the company won an award “The most innovative binary options broker” in line with and according to the professional’s point of view in this particular industry.
IQ broker represents a service that is at the moment, due to a professional team and effective analytical programs has the highest ratio of binary options development. Top-class interface along with the latest innovative achievements let people make an effective management of the trading platform. Moreover, this circumstance lets not only advanced investors use the platform in the most effective way but also novices. Nowadays, the company’s database counts about two hundred thousand (200.000) registered traders on this platform which makes it one of the most trusted, respected and of course popular.
From the practical point of view, this brokerage company is mainly aimed for beginning and inexperienced traders who wish to get skills and knowledge on a real option trading market. Quick customer support is an evidence of an exceptional and unique approach to each and every client. In terms of the modern fast dynamics of the market environment, such an individual approach to every client plays an extremely significant role. From the one hand, the company provides simple in usage services and from the other hand, it lets even beginning traders make fast and effective trades with high profits. Strong ties and connection with each client is the company’s priority. Implementation of experience of many years provides constant company’s growth on the financial market. Min deposit of $10 and minimum investment of $1 – one of the key peculiarities of the broker.
The company’s activity is always controlled and regulated by a variety of authorities which provides a 100% reliable level of its functionality. It is a well-known fact that any brokerage company of an international or world level should always have a reliable and safe warrantor. Currently, the majority of brokers are trying to preserve the current position on the market thus trying to avoid all existing risks. This leads to a creation of some sort of “delay” in terms of development. Yet, this position is absolutely not acceptable for IQ Option because this broker always tries to develop itself without paying much attention to the stability or on the contrary uncertainty on the financial market. Exactly this company’s politics provides year-on-year traders increase.
– minimum deposit – $10;
– wide range of trading instruments;
– comfort of the platform – simplicity in making trades makes the process unbelievably easy;
– no delays when withdrawing the money;
– interactive system of education;
The company was first introduced to the market in the year 2011. Its main office is located in Cyprus and belongs to a large financial company called Alta Vista Trading Ltd. The broker’s foundations are based on the western principles of leading the business, letting ordinary people easily become traders in this industry. Moreover, traders are supported by a team of professionals in all stages of the trading process. IQ Option was developed for investors of all levels starting from inexperienced novices and finishing with advanced/professional traders. The broker is regulated by such an authority as CROFR that gives IQ Option an opportunity to provide financial services to traders on the territory of Russia. Apart from CROFT, it also has a CySEC license that lets the broker demonstrate its excellent performance all over the word.
Platform, Option Types and Assets
Binary options trading happens thanks to a special platform which was developed by the broker. The platform itself is represented in a form of a high-quality web-page on the broker’s site. In such a way, a trader has a chance to trade instruments through a usual Internet browser. The platform is also equipped with a very comfortable menu that is located on one side – it lets users turn from 60 seconds to classic binary options trading for a longer period of time. Besides, with the help of the menu, you can contact the customer service or enter your personal account within seconds. The algorithm of making a trade is very simplified.
Another company’s positive feature that should also be mentioned is a possibility to trade the so-called Turbo-options, the expiration time of which lasts from 60 seconds to 4 minutes and with payouts of up to 80%. Binary options are traded with a little bit longer expirations that last from 5 minutes to 1 year and with a payout percentage of 70%-80%. Of course, in view of not-long term existence, the broker doesn’t have such options as Boundaries, One-Touch etc. But despite this fact, it should be noticed and emphasized that the above-mentioned trading methods are the most popular and are especially suitable for beginning traders.
IQ Option offers the following assets for trading purposes:
– stock indices;
– company’s stocks/shares;
Registration, Bonuses and Additional Information
The process of registering with an IQ Option broker is as simple as with any other broker in this industry. All you need to do is to just click the button “Register”, enter your personal data and start trading. It offers two methods of registration: demo-account or a real account (where you trade using real money). The account can be added with the help of bank cards, electronic systems: WebMoney, QIWI, Yandex.Money etc.
The company offers a number of bonuses when adding the deposit. If you don’t wish to get it, you can easily refuse. Apart from standard bonuses, very often, this particular broker leads different competitions for new and active traders.
Demo, Real or VIP?
IQ Option gives an opportunity to trade with the currency you wish including rubles. Not all brokers can offer the same feature – ruble account. And this creates some sort of inconvenience but not for IQ Option. A lot of traders complain that when converting the currencies, they lose money because of the difference between an official course and course on the platform. That’s why if you don’t trade with big amounts of money, then ruble account is what you are looking for and what suits you most of all. Except ruble account, there is also an opportunity to open accounts in such currencies as US dollar, Euro, pounds and many others.
– Demo-account – an account with the help of which you have a chance to learn trading using virtual funds. It doesn’t require any money to be opened. Its main goal is to teach beginning and inexperienced customers to trade and test binary options strategies found on the Internet or elsewhere;
– Real account – is opened only when the money on a deposit is added; this money lets traders buy and sell as well as experience real market environment;
– VIP-account – is opened when more than $1000 is added to a deposit. This kind of an account brings higher payout percentage in all available assets, quicker withdrawing process and opens additional instruments for Turbo and binary options;
In order to start working with an IQ Option broker, you need to pass a standard registration process as it was written above. This procedure includes filling of certain lines where you need to state your personal information and data. When this step is done, a trader is offered to make a choice between a demo-account and a real trading.
The broker gives a complete and full possibility to test and practice with virtual $1000. It should be said that not all brokers offer this service and even if they do, they require paying a certain fee for this. Perhaps, that’s the reason why IQ Options was awarded for innovations.
Before sending money to a stated by the broker details, you will have to pass a verification process. This procedure is compulsory for absolutely every broker and is considered to be pretty standard because all you need to do is to send scanned copies of your passport, driver’s license or any other document that would confirm your identity to the company’s e-mail. There is absolutely no need to worry as this information is 100% confidential and cannot be received and used by some third parties – it is only between you and the broker.
One more broker’s peculiarity is the fact that it offers its clients a personal card with the help of which it becomes possible to add funds to an account and withdraw the money from it. The card is pegged to ePayments.
In addition to an online platform, IQ Option has also available mobile applications. These mobile apps are available and consequently can be used on such devices as iOS (iPhone) and Android. This makes the trading process simpler than ever. In case if you have no access to Wi-Fi then you are still able to make trades using your smartphone and data connection.
Mobile application was developed to make binary trading as simple as it is only possible. Moreover, this opportunity enables traders to control and manage their accounts from any place on the globe and at any time.
As many other leading brokers, IQ Option has a wide range of educational materials which can help you to become a successful trader. The team consists of a few experts who really have a strong desire to help you learn how to use the platform and have profitable winning trades. There is also a special educational program for helping investors understand what binary options are, how to analyze the market, how to use multiple trading strategies, how to distinguish different indicators, how to read charts and diagrams, how to use broker’s notifications and many other useful and interesting tips and tricks. All these materials can be found in a form of articles with pictures and examples. Once a week there is a chance to visit webinars. Educational materials can be used for free, but only if you create a demo-account. In its turn, it means that anybody who wants is capable of using the platform for learning the binary options basics.
NB! Some video-materials and conferences are available only for VIP-account holders.
In the section “Information” you will come across the most frequently asked questions as well as answers.
Technical and customer support works very fast and efficient thus trying to solve problems of different levels with patience, ease and cool. There have never been any problems or issues connected with withdrawing process and it never takes more than three working days. Also, don’t be surprised if and when after a winning trade, a manager will call you and give several advices regarding binary options or just ask you how your trading day is going. Such an approach might seem a little bit weird, yet, let’s confess that it is very pleasant that the company takes care of you and wants every trader to be happy and satisfied with the broker’s performance and work.
IQ Option broker is considered to be famous and well-known on the territory of Russia and post soviet countries as it offers first class/top-quality services. The choice of many beginning traders goes to this particular brokerage company because of its little deposit – $10 and little investment – $1. If you compare these figures with an average deposit of other brokers, you will see that it is at least $250 and $25 respectively. Availability of a demo-account without charging any additional money, multiple educational resources, high-quality of all personnel makes IQ Option the best and most distinctive from its competitors. IQ Option is definitely a good choice for beginning and inexperienced yet traders. Give a try and you will definitely not regret but on the contrary enjoy getting stable income.