IQ Option Overview
IQ Option is a global brand for forex trading that offers over 250 financial assets in Options, Forex, Stocks, Cryptocurrency, Commodities, Indices, and ETFs. It parades a proprietary custom-built trading platform available across all devices.
Discover more features and advantageous trading conditions at IQ Option by reading this detailed broker review.
IQ Option Background and Safety
IQ Options Europe Ltd. owns and operates IQ Option which was established in 2013 in Cyprus. IQ Option is a firm licensed to provide financial services to clients from the European Economic Area. Moreover, IQ Option is regulated under the Cyprus Securities Exchange Commission (CySEC).
CySEC regulation compliance for IQ Option means automatic membership to the Investors Compensation Scheme. This makes IQ Option clients eligible for investment insurance amounting to 20,000 euros.
To date, the broker has over 48 million active registered traders which account for the broker’s $290 million average monthly trade volume this year. It services to 213 countries across the globe and its official site is available in several languages.
Earlier this year, IQ Option added margin trading to its trading features that put them at par with more established and popular brokers not only in the European region but across continents.
Over its few years of operation, IQ Option has been turning heads by numerous award-giving bodies as the broker continues its innovations and development. In its young plight as a broker, IQ Option has bagged several international awards. To name a few, IQ Option won the Best Binary Options Broker and Best Binary Options Trading Application at the IAIR Awards. It also nabbed the 2017 Award of Excellence, the highest honor among The Communicator Awards. The distinction was given to those entities that exceed industry standards in quality and achievement. More so, the IQ Option Trading App was recognized as the best one in the financial category in 2017.
IQ Option Features ad Fees
With a winning tradition, IQ Option surely tops the range of trading instruments offered as well as the set trading conditions.
IQ Option offers 54 Options, 48 Forex pairs, 185 stocks, 27 Cryptocurrencies, 4 Commodities, and 24 ETFs.
The broker offers two account types for its clients: the Standard and the VIP. The Standard account has a $10 minimum initial deposit requirement. Traders are given full access to all financial instruments even with just a little deposit amount entry. The trading functionality is also fully accessible down from the basic up to the most advanced ones.
On the other hand, the VIP account requires a $1900 minimum initial deposit which includes a personal account manager, monthly reports on your trading records, and 3% in additional returns. VIP accounts, however, are only available to clients outside the European Economic Area.
IQ Option also offers a Demo Account in which traders can test their trading strategies as they are given with $10,000 virtual money.
IQ Option supports an array of funding methods for its clients. Payment options include credit cards (Visa, Mastercard, Maestro), e-wallets (Neteller, Skrill PerfectMoney, Webmoney), and bank wire transfer. No processing fees apply for depositing funds.
For withdrawing funds, account users may opt for the same methods above. Withdrawal requests processing usually takes one business day for credit cards and bank wire transfer. Withdrawals made via e-wallets can be processed in a few hours. Bank transfer may incur small processing fees.
One unique feature of IQ Option is the platform for trading competitions among clients outside EEA. These tournaments provide traders the opportunity to make extra earnings by winning as much as $50,000.
Another unique offering of IQ Option is Currency Multiples. This product works like a leveraged trade, in which price movements in the underlying assets are magnified. The price movements can be as huge as 100 times the base price, providing traders bigger chances of taking profits (and risks at the same time).
IQ Option Trading Platforms and Tools
Along with its launch in 2013, IQ Option also introduced its own trading platform that looks well-designed and easy to use. The platform features multi-chart layouts, technical analysis, historical quotes, volatility alerts, market updates, stock screeners, and economic calendars, among others.
IQ Option’s proprietary trading platform is armed with over 15 technical indicators and an array of charting tools.
The proprietary platform of IQ Option also has a mobile app version. The mobile app is available on iOS and Android devices. The mobile trading app has an intuitive graphical interface. It also has the same charting tools as with that of the web-based platform.
Mobile trading in IQ Option enables its users to execute trades, check account status, stay up-to-date with market developments, use charting tools, and setup customizable alerts and push notifications.
An award-winning solution, IQ Option is a safe and good option among traders both novice and experienced. Try trading with IQ Option to gain a positive trading experience unlike no other.