IQ Option is an online trading platform that allows you to trade a variety of financial instruments, including binary options, stocks, forex, ETFs, commodities and cryptocurrencies.
This broker was founded in 2013 and is operated by IQ Option LTD. IQ Option has quickly become one of the most popular trading platforms for traders around the world with over 48,000,000 registered users and over 1,000,000 transactions per day.
IQ Option accepts traders from over 213 countries including India, Nigeria, South Africa, Philippines, Malaysia, Pakistan, Singapore and many more. It is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission).
With a low $ 10 minimum deposit requirement and a free demo account, IQ Option has truly made online trading accessible to everyone. During 2020, IQ Option also introduced margin trading. This moves them alongside the more established CFD brokers and operators in the EU and beyond.
Here we will tell you everything you need to know about IQ Option to help you decide if this is right for you.
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The information in this article is for general guidance only. It does not constitute financial, legal, or tax advice, and is not a recommendation or solicitation to invest. Some facts may have changed since the time of writing.
In a few short years of operation, IQ Option has won many awards, praising the quality of its services and their reliability. Today it is also recognized as one of the leading brokers in the industry.
To strengthen their image as a trusted broker, traders will be delighted to know that IQ Option is a regulated broker under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC) under the name of the holding company of IQ Option Europe.
If you are a CySEC regulated broker, this means that IQ Option is also a MiFID compliant broker.
In other words, IQ Option can offer its services to clients in the EEA. Another benefit of CySEC regulation for clients is the fact that IQ Option is also a participant in an investor compensation scheme.
Under this scheme, the funds of each IQ Option client are protected up to a maximum amount of € 20,000.
But for traders outside the EEA, their accounts are managed by a separate subsidiary called IQ Option Ltd. The company is based in Mahe, Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).
Unlike other brokers that use a standard trading platform, IQ Option has a proprietary platform specifically designed to meet the needs of its users. The platform is very easy to use and well thought out.
It has many useful features including multi-chart layouts, technical analysis, historical quotes, volatility alerts, market updates, stock checkers, economic calendars, and more. It is also available in 13 different languages.
On the IQ Option trading platform, you can trade a variety of assets and financial instruments including stocks, digital options, binary options, forex, cryptocurrencies, ETFs and commodities. However, it should be noted that binary options are prohibited in the EEA.
Rather than opting for a standard trading platform, IQ Option chose to provide its clients with a proprietary platform designed specifically to meet their trading needs.
The same platform is used to trade CFDs and Binary Options. Well designed to be user friendly, the platform has a large chart which is a great help for traders who want to keep track of conditions in the markets. Margin trading is now also available with some instruments.
In addition, the platform comes with a wide selection of trading instruments that are not commonly found on any binary trading platform. Some of the advanced trading tools that we can see are popular technical indicators such as moving averages, Bollinger bands, MACD and RSI.
The brand often adds new features to the platform to offer traders more flexibility.
One of these functions is “position replenishment”. This allows the trader to keep a trade open if it gets close to the stop loss.
This gives the trader more options to allow trades to recover before the close. It needs to be used in a disciplined manner, but it offers traders new opportunities for risk management or trading strategy.
IQ Option is a fully functional trading platform that provides its users with a wide range of trading options.
After starting as a binary options broker, the platform offers contracts for difference (CFDs) on stocks, cryptocurrencies, exchange traded funds (ETFs), forex, and a range of different digital options for investment.
Here is a list of the assets that IQ Option offer to its users:
FX Options is a very new product. So new, in fact, that they are currently only available for the five major currency pairs.
Available in regulated EU markets, they offer fixed risk investments similar to binary options. Each currency option has an expiration date and the potential payout depends on the price of the underlying asset. Thus, if a trader believes that a strong price movement is inevitable, the payouts reach 2000% or more.
The payouts tend to rise as expiration approaches, as these options are affected by the same delta and gamma values as traditional options.
The minimum trade for FX options is $ 30, but they can be traded at any time before expiration. Thus, if a trader brings a call or a put, both can be sold before expiration to lock in profits or cut losses.
This is a great way for EU traders to still have access to fixed risk trades. As the popularity of the product grows, IQ will undoubtedly expand the range of markets and expiration times (currently only 1 hour expiration is available).
Traders are offered two different types of accounts to register with IQ Option, which are:
For many traders, a demo account is an absolute must. This not only allows them to understand how the platform works, but also to experience different settings and different reports. IQ Option also offers a demo account for beginners.
Unlike other platforms, the demo account here has no time limit. Users can use the platform and get used to it as much as they want, test new features and new trading strategies.
This demo account contains virtual funds of USD 10,000. You can reset your account settings to get more virtual funds if you end up using them all.
The web platform offers all popular technical indicators such as Moving Averages, Bollinger Bands, MACD and RSI.
New features are added to the platform from time to time. As already mentioned above, he added a feature called “position replenishment” that allows a trader to keep a trade open if it gets close to a stop loss. Overall, the web platform is well designed and offers several details at once.
IQ Option offers its traders various order types and stop loss tools to help minimize losses and maximize profits when trading binary options.
IQ Option is transparent about the fees and costs. To find out how much trading on IQ will cost, you need to consider:
To fund trading accounts with IQ Option, the broker has provided support for multiple transfer methods.
These methods include credit card transfers, e-wallets, and bank transfers. Credit cards accepted include VISA, MasterCard and Maestro. As far as e-wallet options go, they include popular wallets like Neteller, Skrill, Perfect Money, and Webmoney.
For withdrawal, traders can also use the same methods they used to deposit in the first place.
It usually takes one business day to process withdrawal requests, but it can take only a few hours if withdrawals are made via e-wallets. For credit cards and bank transfers, the entire withdrawal process can take up to 10 business days.
Growth in Asian markets has also prompted IQ Option to expand its presence in the region. As a result, bank transfers are now possible from a wide range of banks in this area:
Options for South America are also expanding:
For traders who are unable to stay in their trading terminal for an extended period of time, they can install the mobile trading application, which is provided free of charge by IQ Option. A mobile trading application designed specifically for smartphones and mobile devices allows traders to check the status of their account, keep abreast of all market events, and execute trades.
In accordance with CySEC rules, IQ Option no longer offers any deposit bonuses. The only type of promotional offers that IQOption traders can participate in is trading competitions, in which they can participate for an entry fee. Prizes in the competition range from $ 100 to $ 100,000.
Yes, IQ Option is safe. This company is one of the largest and most successful binary options brokers in the industry with over 40,000,000 registered users.
They are also licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) and FSA (Seychelles Financial Services Authority). All customer funds are held in segregated bank accounts for added security. IQ Option is also a member of the Investor Compensation Scheme, which protects client funds up to USD 20,000.
Yes, of course you can make money with IQ Option. To make a profit, you must correctly predict the movement of the asset’s price by the time the trading contract expires. IQ Option offers short-term trades that allow you to make money within 60 seconds if you forecast the market direction correctly. Binary options bring in up to 95% of the profit, while digital options bring in up to 900% of the profit.
The minimum deposit for opening a live account with IQ Option is 10 USD / GBP / EUR. This broker does not charge any deposit processing fees. To make your first deposit, you will need to go through an account verification process, which may require photo ID. In some countries, the requirements will be different from others.
For your convenience, IQ Option offers many different ways to deposit money into your account, including credit cards (Visa and Mastercard) and bank transfers. This broker also accepts many different e-wallets including Skrill, Maestro, WebMoney, Neteller, Cash U and Moneybookers. IQ does not accept Paypal as a payment method.
Not accepted countries: unfortunately, IQ Option does not accept traders from the United States, Russia, Canada, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan. The countries listed above have stricter restrictions and regulations, making it difficult for IQ Option to provide trading opportunities to its citizens.
Countries accepted by IQ Option: IQ Option accepts traders from more than 213 countries, including Argentina, Bangladesh, Bolivia, Botswana, Brazil, Cambodia, China, Colombia, Egypt, Ghana, India, Indonesia, Iran, Ireland, Jamaica, Japan, Korea, Nigeria, Germany, Kenya, Malaysia, Maldives, Macedonia, Mexico, Morocco, Namibia, Netherlands, New Zealand, Pakistan, Philippines, Saudi Arabia, Serbia, Singapore, Somalia, South Africa, Sri Lanka, Switzerland, Tanzania, Thailand, Turkey, UAE, Uganda, Ukraine , UK, Vietnam, Zambia and Zimbabwe.
One of the most important factors to consider when looking for a day trading broker is the type of instruments available for trading.
With IQ Option, since the broker offers CFDs that allow traders to open and close their market positions at any time, it is the right broker for day trading. In addition, the broker is well regulated and this helps to ensure that your money is handled professionally and ethically.
IQ Option is an impressive platform that provides its users with great value. The site combines a good level of transparency and functionality, and users can be comfortable knowing that the platform complies with the latest financial regulations.
Trading on the site is usually seamless and the platform uses an intuitive user interface that is easy to navigate. The platform and trading application is functional enough for professional traders, but at the same time simple enough to allow new entrants to learn the trading process painlessly.
Finally, IQ Option is not available to residents of countries such as the United States, Canada and Japan. These countries are home to a large number of financially literate people and the platform will be better with their presence.
However, IQ Option still serves traders from over 178 countries and provides comprehensive services to all of its users. The platform caters to exchange traders, Forex and cryptocurrency traders, and registrants can be sure they are interacting with an intuitive platform that provides access to a variety of resources and trading options.
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