IQ Option is a binary options broker launched in 2013. Initially, the focus was on providing a business platform for Russian investors/traders, but IQ option is open to all European citizens and from other regions in the world.
IQ Option marketed as a suitable alternative for those who are curious to try to trade binary options online that traders with a little more experience. The concept is not entirely suitable for very experienced traders who want to have a variety of types of binary options to do business in and more powerful analysis tools.
In IQ option is 70 assets and the binary options you can trade the ups and downs (up or down). The minimum investment amount per trade is a modest $ 1. You can get started easily with a free trading account that you can actually open by logging in with Facebook or Google + / Google Mail.
You have a generous number of wizards and even a section with basic trading strategies to take part in as a member. Support is available around the clock via the usual contact channels.
This broker run by Iqoption Europe Ltd, a company based in Cyprus with registration 327,751th License Option has the IQ of the Cyprus Securities Exchange Commission (CySEC). The license from Cyprus, an EU country, means that IQ Option can offer to trade in binary options to customers throughout Europe.
Short info about IQ Option
License: Yes, from the Cyprus Securities Exchange Commission (CySEC)
Mobile commerce: Yes
OS Compatibility: Windows, Mac, iOS, Android
Languages: Swedish, English, Russian, Chinese, Spanish, French Norwegian, etc. language
streaming news feed: Yes, with real-time alerts
Minimum deposit: $ 10
IQ Option starts bonus is a matched structure through which you can get up to 100% on your first deposit. To maximize this welcome offer terms that you deposit at least $ 1000th If you deposit less than the amount you can get a starting bonus of 80%. The offers can be changed from time to time and we recommend that you contact customer service before you turn in for the first time to see what bonus you can be offered.
For customers who are new to trading binary options as more experienced traders have IQ Option a cashback feature. Through this function, you can get up to 60% back if you make a wrong prediction.
Every month there are at least a handful of tournaments to participate in the IQ option. The prize money varies greatly, from $ 1,000 up to $ 100 000. To participate, you pay as traders normally an entry fee and then get a certain predetermined amount to use for investments in the tournament.
Account & Bank Alternative
There are three types of accounts with IQ option. New customers choosing advantageously free account to thus be able to familiarize themselves with the platform and make test transactions without risk. For those who want to deploy are two options, namely “real” account or standard account with a different name, and VIP.
Standard account is activated automatically when you deposit at least $ 10 into your account. You will then have access to the complete trading platform with over 70 assets. You can participate in all competitions and receive bonuses of up to 80% on every deposit. At the failed business, you can get up to 45% back.
VIP account is activated if you deposit $ 1,000 or more. The advantages of VIP account are relatively numerous, for example:
- Bonuses of up to 100% on all deposits
- Up to 60% return on unsuccessful trades
- Personal contact manager
- Monthly analysis of your trades (free)
For deposits, you can use most standard transaction methods. There are, as usual, somewhat fewer options for withdrawals. Withdrawals are processed within three days (the default account) or a day
IQOption’s trading platform is proprietary and has a straightforward and relatively intuitive user interface. It is web-based so you do not need to download any software to your computer to start trading.
When you log on to the platform, first select the access, and then specify the binary option you want to make a trade in. You can have up to four graphs in one window and make multiple trades in the same chart simultaneously. Of course, you can customize how the data is presented in a variety of ways. On the main screen, you also get ongoing real-time news and real-time warnings of trend changes. For your convenience, a range of tools for technical analysis and with a click you can add on including Bollinger Bands, RSI and MA for the assets you select to analyze trends.
IQ Options also has interesting social functions. For example you can follow other traders and see lists of the most successful traders / investors. You can share your trades by activating a network profile. Here you will also find graphical presentations of all your transactions. The transactions are presented as “card” with details on how and when you made your investment and what the results were.
IQOption;s trading platform is also available on mobile devices, provided you have an iOS or Android device. To start trading with stock options on the phone, go to the App Store or Google Play and download the IQ Options app.
As a new customer of IQOption, you have the opportunity to create a free demo account so you can familiarize yourself with the trading platform without risk. You are obviously limited in how you can trade binary options, but you will, in any case, a picture of the IQ concept stock may be something for you. You have 13 assets / financial instruments to trade with the demo account.
Types of options
IQ option offers only trade in the classical binary options, ie higher / lower, this for about 70 assets (see below). The total supply of binaries is therefore considered to be less extensive. The information is correct as at December 2015.
Ups and downs (higher or lower) is the most classic of binary options in that trade is based on anticipating the price of the underlying asset will be higher or lower than the starting position when the option term expires. In IQ Option is the potential reward for the ups and downs of up to 93%, which should be considered a high figure.
In IQOption offers 70 commodities, currency, equity indices and individual stocks. The focus in the range of binary options is the currency and stocks. The fact is that you are in the category of raw materials can only trade gold, and when it comes to stock indices, only the very largest that IQoption exhibit binaries on.
On the site, you will be offered customer service in English and there around the clock. To contact the support team, you can use e-mail, a form on the site, live chat, and Skype.
What traders say?
IQ Option is still a fairly recent entrant (starting in 2013) and it has kept a pretty low profile since its inception. In Russia, this actor significant, but in other parts of Europe, the awareness a little lower. What we have noticed is that many beginners in trading options appreciate the easy to use platform and informative help section. The overall impression is that it’s very easy to get started shopping. The negative voices emphasize the downside there are only classical binary options to trade with.
IQ Option has a clear objective, namely, to be a trading platform for binary options which mainly addressed to the less experienced customers. It is an objective fulfilled to the letter.
It is very quick to create a demo account – it even goes to sign up via Facebook – and to be up and running with its first trade within a minute. Then upgrade to a proper business account only takes another couple of minutes.
The platform is excellent (in its relative simplicity) with clear graphs, many ways to customize the information and the flow of real-time information. The platform is also available on mobile devices is, of course, a great bonus.
Speaking of bonuses IQ Option relatively generous broker with great deposit bonuses on every deposit and cash-backs on unsuccessful trades.
The big disadvantage of IQOption is the limited number of binaries for each asset. The fact that customers can only choose between high/low, that is the most classic binary options, is a weakness. Possibly supply will be improved in the future.