IQ Option Reviews: Deposit, Demo & Binary Options Trading Info.
The binary options trading industry is rife with many brokers, therefore it is essential to do your homework and select reliable ones with whom you can trust your money. We help you in this task by providing detailed reviews of top binary options brokers on our website. In this article, we closely analyze the key features and benefits offered by IQ Option.
Trading Platform.
IQ Option reviews show that the broker has built their own custom trading platform. A notable feature of the platform is it provides speed trading in increments of up to five minutes. Binary options go out one hour in 15-minute increments. In addition, expiry times can extend up to one month. Besides English, the platform is available in French, German, Italian, Spanish, Russian, Arabic, Korean, Swedish, Chinese, Portuguese, Indonesian, and Turkish.
Earlier this year, IQ Option introduced a new product named Digital Options. You can trade in more than 300 assets. There are also three commodities to choose from. Those are gold, oil WTI, and oil Brent. Plus, you can utilize mobile trading apps for iOS and Android devices. This broker offers weekly trading competitions that have become popular among investors. You can try out the free demo account and the minimum required deposit is just $10.
Demo Account.
According to IQ Option reviews the broker offers a free demo account that you can utilize to learn about the platform’s features and tools. The demo trading is similar to trading on the live platform and enables you to improve your skills without investing any money. You get $10,000 in virtual funds that you can use like real money. If you exhaust this amount, you get an immediate refill. You can use the demo account to trade with all assets.
Trade Types.
IQ Option offers binary options, classic options, forex CFDs, and cryptocurrencies CFDs. Minimum trade price is just $1 and maximum option price is $5,000. The platform allows you to place multiple trades with multiple instruments. The payout rate is up to 95% (in case of correct prediction).
Forex and CFD Trading.
In addition to binary options, IQ Option also offers Forex and CFD trading. This allows you to expand your trading portfolio with leading financial instruments. The heartening aspect for traders is both forex and CFD trading are only offered by brokers who follow stringent licensing rules. Thus, traders are assured of a high level of protection when they invest in IQ Option.
Trading in Cryptocurrencies via CFD.
What makes IQ Option stands out from run-of-the-mill binary options brokers is their constant technological innovation. Keeping up with this reputation, they have introduced trading in cryptocurrencies via CFD and this has been well received in the market. Now, you can buy and sell cryptocurrenices on the IQ Option trading platform via CFD. Seven top cryptocurrencies are supported: Bitcoin, Bitcoin Cash, Ripple, IOTA, Ethereum, Dash, and Litecoin. The trading is simple but we recommend you do proper research on these currencies before starting to trade in them.
Trading Accounts.
IQ Option offers two account types:
Real Account.
Start with a $10 deposit More than 300 assets Real money trading Withdrawals takes up to 3 working days Participation in trading competitions (abide by terms and conditions) Complete access to trading opportunities.
VIP Account.
Available to clients who deposit significant amounts (the amount is subject to change) Personal manager More than 300 assets Real money trading Withdrawal process takes up to 3 working days Participate in trading competitions Full access to trading services and instruments Monthly trading analysis.
Customer Support.
In line with top binary options brokers, IQ Option also offers excellent customer support via phone, email, and web form. You can contact their agents 24/7.
Deposit and Withdrawal Methods.
IQ Option offers multiple convenient deposit and withdrawal methods such as: credit cards (Visa and Mastercard), debit cards (Visa Electron and Maestro), bank wire, and e-wallets (CashU, Boleto, FasaPay, Neteller, iDeal, WebMoney, QIWI, Moneybookers, and Skrill). The minimum withdrawal amount is $2 and the daily maximum limit is $1 million.
Free Training Materials.
It is advisable for newbies to learn the ropes of binary options trading by making use of educational materials. IQ Option helps both newbies as well as experienced traders by providing a well-stocked library of video tutorials, webinars, e-books, and other materials on successful trading strategies. In addition, you can check out the FAQ section on their website to learn all about the trading platform and other main features.
Summary.
On the pros side, we count the excellent trading platform, user-friendly interface, a wide range of trading options, high rate of returns of up to 95% (in case of correct predition), small minimum investment amount, interactive learning tools, and free demo account. On the flip side, they don’t accept traders from Afghanistan, Albania, American Samoa, Australia, Belarus, Canada, Comoros, Crimea, Cuba, Democratic Republic of the Congo, Donetsk and Luhansk People’s Republics, Eritrea, Ethiopia, Guam, Haiti, Iran, Israel, Japan, Libya, Mali, Myanmar, North Korea, Palestine, Republic of Abkhazia, Republic of South Ossetia, Russia, South Sudan, Sudan, Syria, Transnistria, Ukraine, the United Kingdom, the USA, Vatican, and the U.S. Virgin Islands. To sum up, IQ Option is a reliable broker that stands out for its innovative and versatile features.
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.