IQ Option REVIEW
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IQ Option is a fully CySEC-regulated binary options broker with low $10 minimum deposit
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FULL REVIEW OF IQ Option
IQ Option is currently one of the most widely-used binary trading platforms for beginner traders. Regulated under the Cyprus Investment Firm license # 247/14, IQ Option provides binary options traders a regulated environment for which to trade binaries under the most flexible trading conditions.
Their minimum deposit requirement of $10 and minimum trade amount of $1 are the lowest requirements among all the binary brokers in the industry. Together with their no frills proprietary trading platform and coverage of more than a hundred different types of underlying assets, traders at IQ Option are assured of a fulfilling trading experience. The platform used by IQ Option was developed by a team of finance specialists in conjunction with input from traders. Designed for both beginners and expert traders, we had found the platform’s interface is easy to navigate while at the same time packed with features.
Some Unique Features of IQ Option
One of the most unique aspects of IQ Option trade platform is the tools that they have provided traders with. For starters, traders can choose if they want their charts displayed as line chart or candlesticks chart.
Technical Indicators of IQ Option
There are also various technical indicators which members can select and apply onto their charts to help them get a better picture of the conditions in the markets.
To date despite its simplistic appearances, the IQ Option’s trading platform is the most advanced binary options trading platform ever created. At present, IQ Option’s trading platform only supports two different types of option contracts namely classic Call/Put binary options and Turbo options. The Call/Put binary options are options that have their expiry times in excess of 15 minutes. Turbo binary options on the other hand are binary options that have their expiry times ranging from 30 seconds to 5 minutes.
Trading Accounts: As for the trading accounts at IQ Option, there is only 1 type of standard trading account. The reason for this is because IQ Option has opted to keep things simple and accessible which goes to explain why IQ Option only requires a token amount of $10 as their minimum deposit requirement. They are also currently offering a 20% deposit bonus for traders who are trading with them for the first time.
Which Asset Classes Can Be Traded With IQ Option?
Like all binary options brokers, IQ Option offer traders the opportunity to trade in various asset classes that include: forex, commodities, stocks and market indices. While the range of assets covered by IQ Option is only slightly more than 100 different assets, this broker make up for this deficiency by providing the highest possible returns in the industry. Payout Ratios: With a maximum payout ratio of 91%, the payouts provided by IQ Option are one of the highest in the industry.
Review Verdict: IQ Option Software is NOT a Scam
Customer support services at IQ Option are provided on a 24/7 basis. The mode of contact with customer support is provide either by email or through the telephone. New members can sign up for a Free Demo Account. Overall, we have found IQ Option to be a Professional And Transparent Broker.
Overview of Advantages of IQ Option
- Regulated Broker
- Up To 91% Trade Payout Ratio
- Sophisticated Yet Easy-to-Use Trading Platform
- Wide Range Of Advanced Trading Tools Provided
- New Mmber Welcome Bonus up to 36%
Drawbacks of IQ Option
- Lack Of Local Phone Support
- Only Two Types Of Options Contract Available
- More Assets Could Be Added To Their Asset Index Compared To Other Brokers
Can You Really Trust IQ Option With Your Money?
IQ Option is a binary broker that has been around since the year 2013. This makes IQ Option one of the younger options available.
The purpose of IQ Option is to provide its members with a platform that is intuitive and flexible.
If you have never traded with IQ Option, we would recommend you getting a free demo account with IQ Option.
Since first starting just a few years ago, IQ Option has made quite a name for itself among traders. The broker is great for new traders as well as more experienced ones as it offers a solid trading platform and a variety of assets to trade.
The demo account allows potential clients to understand how the platform works before investing any money into an account. IQ Option supports a sufficiently wide variety of assets to be traded.
There are many different trading options available in IQ Option. This flexibility is good for both beginners and professionals as the trading platform will grow with you as you are expanding your portfolio. There are numerous tools available that will provide traders with different ways to make a profit.
There are several financial markets availabletthrough the broker. Some of the assets available include both the Latin American and Asian broker’s boards, Itau Uni-Banco holdings, ALIBABA, Avtovaz, China BAK, BBVA, Loha Renner, PetroChina stocks and many more.
Review Verdict: IQ Option is NOT a Scam
What Software Do You Need Before You Can Use IQ Option?
The IQ Option platform does not require its traders to download any software as it is run completely in their browsers.
Traders will be able to access the platform from any place that has an internet connection. This can be extremely useful for traders who are on the move or for those that do not want to add any software to their computers.
The platform offers a really simple interface that is highly intuitive. This makes the platform suitable for those who are just starting out in the binary trading industry. The platform is aimed specifically at trading binary options and all of the design decisions are based on this type of trading option.
Conclusion about IQ Option Software
At present, IQ Option provides binary traders the best trading conditions in the binary trading industry. So far no other binary brokers are able to match their payout and rebate ratios.
Their low minimum deposit requirement and small investment amounts have also made binary trading extremely affordable.