Best Binary Options Broker!
Perfect For Beginners!
Free Trading Education!
Free Demo Account!
Good Choice For Experienced Traders!
IQ Option Broker Review
IQ Option is a regulated and award-winning online broker that enables customers to trade a wide range of instruments and underlying assets. Operated by IQ Option Ltd, the licensed broker offers it services to traders across the world.
It is important to note that IQ Option is one of our top and most highly recommended brokers for investors in South Africa.
One of the most interesting things about IQ Option is their incredibly low minimum deposit. You can start trading with only $10 and get access to a proper live account.
Read our full review on one of the most famous brokers out there, or skip straight to the part you are interested in below:
*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.
IQ Option Trading Platform and Versatile Assets
While they originally started as a binary options broker, they quickly became a broker that has it all, from CFDs/Forex and Classic Options trading. This makes them one of the most versatile brokers for online trading. Basically, whichever instrument or underlying asset you can think of – they have it.
The minimum trade price is $1 for binary options and digital options, and $20 for forex and CFDs. The maximum option price is $5,000. If the trader wants to place multiple trades with a variety of instruments, it’s not a problem with IQ options’ platform. All they need to do is select the asset in the upper left corner and the instrument below.
Currently available instruments are:
- Binary Options
- Forex CFDs
- Cryptocurrency CFDs
- Classic options
- Stock CFDs
- FX options
With IQ Option, traders can place trade contracts and options based on numerous stocks, currencies, commodities and indices. There are more than 500 underlying assets, to be exact.
Specifically, there are currently 90 currency pairs available, including all the most popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, IOTA, Dash, Ethereum Classic, Monero, OmiseGo, Zcash or Santiment. Of course, these currencies also include EUR, USD, GBP, RUB, AUD, CAD, NZD and Yuan.
Tip: Check out what Twitter CEO Jack Dorsey recently said about Bitcoin and how you can properly trade Bitcoin CFDs at IQ Option.
Best Binary Options Broker!
Perfect For Beginners!
Free Trading Education!
Free Demo Account!
Good Choice For Experienced Traders!
IQ Option also recently expanded their asset collection by adding cannabis stock CFDs, which have become increasingly popular in the online trading market. Examples of marijuana stocks you can trade at the IQ Option are: Aurora Cannabis Inc, Canopy Growth Corp, Cronos Group Inc, GW Pharmaceuticals – Adr, Tilray Inc-Class 2 Common, Anheuser-Busch Inbev-Spn Adr, Etfmg Alternative Harvest and many more.
As for leverage, IQoption offers leverage on up to 20x for stock CFDs and FX trading of up to 1000x – known as the 1000x multiplier. IQ Option advises customers to use this tool only if they fully understand that higher leverage may mean higher returns, but can also result in higher losses.
IQ Option really is a one-stop-shop for online trading.
IQ Option Unique Trading Platform
Unlike so many other brokers in the industry, IQ Option uses its own software, the IQ Option platform, which they continue to update regularly.
The IQ Option platform is highly developed and entirely user-friendly, so all traders should be able to easily navigate through the site and trading room. This easy-to-use interface allows investors to trade in the office, at home or on the move through their mobile platform.
IQ Option is currently responsible for more than $11 billion worth of trades every month, so it has a proven track record of making trades as simple as possible.
One thing is certain: IQ Option offers the ultimate trading experience for everyone – no matter your experience.
How Do I Trade on the IQ Option Platform as a Beginner?
One thing that makes the IQ Option interface so easy to use is the fact that all of the trading instruments are available on exactly the same dashboard.
All you need to do is:
- Select an asset you want to trade
- Predict this asset’s direction
- Make an investment
- Close the position
Binary options trading is even easier, because the trades close themselves automatically when the expiry time has been reached.
Throughout this entire process, IQ Option offers many charts that display the most recent market trends, so users can make judgment calls with the most recent data at hand. There is also always the option to set your Stop Loss and Take Loss Profit — so there’s no need to constantly monitor trading positions.
For more details and a visual guide on how to trade with IQ Option, check out the video above.
In addition, their platform is multilingual and available in English, Italian, German, Russian, Spanish, Turkish, Portuguese, Chinese, French, Swedish, Korean, Arabic and Indonesian.
With the quality of their services and their up-to-date customer support, it shouldn’t come as a surprise why this broker is so popular among traders worldwide.
What are IQ Option Price Alerts?
To make your life easier, IQ Option recently added a brand-new feature to their trading platform: price alerts. Price alerts automatically notify you when an asset has reached the price level you want.
Part of being a successful trader is knowing when to act, in other words when to buy or sell an asset. No one wants to be glued to a screen staring at charts and financial market news all day. Thanks to IQ Option’s price alerts, all you need to do is set up an alert for the assets you want and IQ Option will automatically track them and send you a notification when the price you were waiting for is reached.
To set up an alert:
- Select an asset
- Click “Create alert”
- Set the price you want to be notified for
Getting Started – IQ Option Trading Accounts
Registration with IQ Option is completely free, and all South African traders can get started with a deposit as low as $10.
Even so, anyone can experience what this powerful trading platform has to offer without spending a penny, through their free demo account.
IQ Option Free Demo Account
All registered South African users have the option of trading with a free practice account, before depositing any money. This means beginners get to learn the basics of online trading entirely risk-free. Experienced traders, on the other hand, have the ability to fully test the IQ Option platform before investing any real money.
The IQ Option demo account gives South African traders $10,000 of virtual funds to practice with, which can be re-filled at any time.
Once investors have practiced and are ready to start trading for real, IQ Option offers two separate account types they can choose from: the Real Account and the VIP Account.
Real Account ($10 Minimum Deposit)
As mentioned before, South African investors can begin trading with IQ Option with the minimum amount of $10, which gives them full access to a Real Account and all trading instruments and services. The number of assets available are 500.
South African traders also have option to participate in different trading competitions and access their numerous trading tools.
All withdrawals can take up to 24 hours.
VIP Account ($3,000 Minimum Deposit)
In order to access the VIP Account, a minimum deposit of $3,000 is required.
In return, South African traders get VIP access to a variety of useful trading instruments and special features, such as:
- Higher profitability rate (3% advantage)
- Personal VIP account manager
- Free tournament participation
IQ Option Education Resources
Trading global currencies can be a daunting prospect for beginners, but IQ Option has the education resources available so that even complete trading newbies can fully understand and be able to take advantage of all that IQ Option has to offer.
Besides their free practice account that is available to all South African registered users, IQ Option offers various video tutorials which allow investors to hone skills and master the mechanics of online trading.
One of the main reasons for the rising popularity of IQ Option among ordinary investors is also the community spirit it offers. If you are not sure or want to ask anything, you can always call upon support or get advice from industry professionals and fellow traders. The best part is that you can do this all directly through the IQ Option platform.
IQ Option Affiliate Program
Besides earning a spot as South Africa’s top online trading broker in our awards, IQ Option also has one of the best affiliate programs in online trading.
An affiliate program is for South African users who are not looking to trade with IQ Option themselves – but partner with them. As an IQ Option affiliate, you have the opportunity to earn up to 70% of profit by promoting the award-winning broker on your blog or website.
All you need to do is:
- Join the IQ Option affiliate program
- Get your own affiliate link
- Post this link on your blog or website as an ad
- Earn up to 70% of commission when a user clicks on your link and starts trading with IQ Option
Your earnings will then be transferred twice a month via your preferred payment method.
For more details on the IQ Option affiliate program and how to make up to 70% of profit, read our IQ Option affiliate program review.
How to Contact IQ Option
The customer support team at IQ Option is available 24/7 through email ([email protected]), phone or online web form.
Unfortunately, there is no South African number available, but we listed the numbers that did find on their website below.
IQ Option also offers a live chat, which is available for all South African users on their platform.
IQ Option Deposit and Withdrawal Methods
IQ Option takes the security of all its traders very seriously and presents no difficulty throughout the deposit and withdrawal process – which many traders already know can be a frustrating common practice when it comes to other brokers.
With IQ Option, the estimated time of withdrawal is one business day. The minimum withdrawal amount is $2, due to commissions. IQ Option offers deposits in South African Rand, as well as many other currencies. Check out the table for more information on minimum deposits.
By trading in South African Rand, you can easily avoid those pesky conversion rates!
As for deposit methods, South African traders can use different payment options, including:
- Debit (Maestro and Visa Electron)
- Credit cards (Mastercard and Visa)
- Bank wire
- e-wallets (Skrill Moneybookers, QIWI, WebMoney, iDeal, Neteller, FasaPay, Boleto and CashU)
Their entire payment procedure for South African users is explained in detail on their site, which is very important because it is an immediate indicator of a transparent business.
Is IQ Option a Scam?
The question of whether IQ Option is a scam can be found through various traders who have commonly been scammed by other companies and are afraid to invest their money again.
The truth is that IQ Option is one of the best choices of regulated brokers out there and has won awards for their innovation, regulation and success. This broker is fully licensed, which means that they completely follow all regulations and practices that ensure trader’s protection – which they in turn take very seriously.
In addition, they have a fast-growing online trading platform that caters to absolutely anyone.
Don’t believe us? Let the numbers speak for themselves:
IQ Option is home to more than 20 million active traders worldwide. The IQ Option platform processes around 3 million transactions per day, while the money withdrawn by IQ Option traders every month has risen from $500,000 in 2020 to $5.7 million by the end of 2020.
The fact is we have received no complaints regarding this broker, so we can confidently say that IQ Option is not a scam. South African investors can trade in peace knowing that they are trading with one the most famous licensed brokers worldwide.
Binary.com is one of the oldest and most respected names in online binary trading. Using their website, customers can trade currencies, indices, stocks and commodities 24/7. They have the most flexible pricing and the most comprehensive suite of products available.
|Headquarters||Binary (Europe) Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825|
|Support Number||+44 (0) 1666 800042, 0800 011 9847 (Toll Free)|
|Languages||English, Indonesian, Japanese, Chinese, Polish, German, French, Spanish, Portuguese, Italian, Thai|
|Trading Platform||Own development, TradingView|
|Minimum 1st Deposit||$5|
|Minimum Trade Amount||$1|
|Maximum Trade Amount||$100000|
|Bonus||Up to 100% on deposit|
|Payout||Up to 100%|
|Free Demo Account||Open Demo|
|Regulation||gamblingcommission.gov.uk (39172), mfsa.com.mt (IS/70156), mga.org.mt (MGA/CL2/118/2000)|
|Account Types||Demo account, real account|
|Deposit Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Withdrawal Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Number of Assets||100+|
|Expiry Times||From 10 seconds to 365 days|
|Types of Assets||Currency, Stocks, Indices, Goods, Crypto-currencies (Bitcoin, Bitcoin Cash, Etherium, Litecoin)|
|Option Types||Up/Down, Touch/No Touch, In/Out, Asian, Digital|
|Account Currency||AUD, EUR, GBP, USD|
|US Traders Allowed|
Terms of trade with Binary
The Binary.com company is a recognized innovator, offering a convenient trading platform, which is one of the most award-winning platforms for trading binary options. Patented pricing technology at Binary.com allows you to get the same percentage profit as traders in the interbank market. Members of Binary.com have a valuable opportunity to maintain constant contact with broker consultants via chat, e-mail or phone, getting qualified help or resolution of specific issues that have arisen in the course of trade with the use of different strategies.
We are confident that this is a big plus for all traders, including the most experienced. At the Binary.com site, you can always see live prices in real time, standardized with respect to the inter-bank markets. Binary.com offers payment of more than 100% on simple contracts such as Rise/Fall. Win up to 1000% for contracts «above»/«below» and «touch»/«no touch». There are no hidden charges or fees. In addition, the broker provides free webinars, a free daily overview of the market and e-books and trading charts.
Here are no hidden charges or retainages. Besides, this broker provides free webinars and daily market review, e-books and trading charts. The essential advantage of the company is, that it goes extramile, growing fast, offering to the user the modern trading process approach, a great number of useful options and quality content of the website binary.com (the real traders’ feedback is available below), advantageous tariffs, quick deal execution, rapid system transactions.
The broker has been operating successfully since 1999 and has a solid image, more than one prestigious awards due to the quality service and safe trading. For traders, which number is increasing on the website, the advanced assets are available, one of the functional platforms. Users can buy any items with the brand logo on the website binary.com. As we already mentioned, the feedback of customers about the platform describes its positive features and this cannot but increases the level of credibility to the company.
As one of the sophisticated market brokers Binary offers for the customer the proven and quality service only. Binary trading takes place in the program SmarTTrader, which is considered to be among the major ones in the market. The web-platform doesn’t need to be downloaded and set on the computer – you can trade in the browser right after the registration. The advantage of the terminal is its convenience and minimalism, no extra options and details, this makes it comfortable for market novices. Also there is a user’s guidance available on the official website binary.com, which lets you quickly find out in the aspects of the platform and start trading.
Here 5 option kinds are available («up»/«down», «touch»/«no touch», «inside»/«out», Asian, digital) along with the information on them. You can perform technical market analysis changing the ways of the chart display, expiration, adding indicators to it, compare several assets. And yet the trader needs to get used to this platform as it’s creatively different, even though simple. The customers often point its complexity, but indeed, one needs just get used to any similar trading solution to use all its capacities.
The personal account is also informative, lets you easily monitor trading history, deposit balance. On the website binary.com you can try trading robots, various kinds of software, buy books, cloths with company logos, certificates for updating your account in a «Shop» etc. Interestingly, the broker lets you also work with information from the resource TradingView, which is offered here with no advert neither the registration need. This platform became well-loved by users as it contains the huge feature set, convenient charts with as many option, as possible. Such concern to the service is encouraging for a trader – the broker considered this issue really well, offering to its customers just the solutions allowing to a trader to earn from options easily.
Binary broker quotations
As for quotations, they are aired from the interbank on the platform binary.com and for this no liquidity providers are called. Such approach lets the broker timely provide the accurate information, good for investors making money. All quotations here are equal for different account and customers types.
There are the disputes in Internet arising on the issue of quotations accuracy. Traders begin compare them to the data from other projects, like MT4, TradingView but they don’t realize that these platforms have their own policy to work with this information. The broker is often charged with quotation change to its own benefit. On one of forums the company manager Olga Borg replies such declarations, that it’s impossible to do, much less to each user, especially for the company effectively working in the market since the year 1999. Let’s point out here that the company passes audits, updates licenses, does everything possible for the trade to be safe and for customer to trust the brand.
Binary demo account
On the official website binary.com you can use the free demo account, too, which is available for any registered user (you just need to put your e-mail in the form). The services of the training account don’t differ from those for the real one, here the trader can also perform the technical analysis of the market using a wide range of tools, study reference literature and trade in the market of course.
For this, the virtual money are placed to the account ($10 000), thus you can properly get to know the broker’s capacities with no risk for your own capital. The training trading shall not be just a trader’s game. Using this unique option users can check the correct terminal operation, support service reactions and so on. After the appropriate study of the platform the customers can define an account type, top it up, trade in the real market already and make decent livelihood. At that the training account will be a perfect chance to test here the author’s strategies etc.
Binary mobile application
One of the earliest market brokers also offers to its users the special mobile application Tick Trade for option trading (available on Android). The program is free, convenient and easy-to-work, contains the main services of the web-version: all kinds of options available, settings of rates, work with chart, market analysis. To use it, you need to download it from Google Play, sign up there and here you are – enjoy the rapid and powerful trading at your convenience.
The advantage of such mobile platforms with access to financial markets is that the work becomes much more easy and comfortable. The trader’s smart phone is always there, now you can enter the market for trading any time, execute transactions from anywhere in the world and even in motion. Here you can also check your account status, customize your profile, leave the withdrawal orders quickly.
There is no need for the earliest broker to offer for customers specific exciting bonuses and appealing offers, as the minimal deposit here is just 5$. This attracts to the platform new users very well, which always look for available trading options.
And yet Binary runs campaigns for traders, even though less often than its competitors. There is welcome bonus accrued to the accounts of the new platform users: up 10 to 100% (depends on the sum on the deposit). The entire gain from the bonus is available for withdrawal in any convenient way.
Deposit and withdrawal
To deposit and withdraw funds, you can use credit/debit cards, Moneybookers, bank transfer, Neteller, Qiwi, Okpay, Webmoney and a number of other payment systems that are provided on the company’s website. Customers receive payments in 3-5 working days.
As traders point in their references, the withdrawal orders are processed quickly, transactions are rapid in the system. At that you can always leave a message for the support service and get the answer in time. And yet, here is the negative feedback, too. Generally the customers complain against managers ignoring them and simply disappearing while abnormal issues, or against the withdrawal, which may happen for too long. The broker’s support service explains this by the funds located in a certain company department, ready for transfer to the user’s account as soon as possible.
There are also withdrawal denials: for example when a trader depositing by bank card leaves the request for withdrawal through Qiwi, even though it’s wrong and mentioned in the system rules. Or rather we can deduce that the trivial ignorance of the platform operation rules may result in negative implications, thus you’d better be aware and study materials available on the website binary.com. The feedback from real traders proves that the platform is recommended to investors on various forums and has its loyal customers trusting it.
Complaints about Binary
Our team has looked for negative comments from users of the Binary broker and did not find any relevant information that affected our review. A very small amount of negative feedback appears in the form of minor technical problems that were easily solvable. On several forum sites, we did find a complaint from a customer who had to wait more than 5 days to withdraw his funds. We did not interpret this as a big problem, as it was a technical problem related to payment methods. We also found that the problem was successfully solved by the broker, and no more complaints from the same individuals have been posted since.
If we find complaints about Binary, we will post it on social media. Follow us to be well informed:
Binary broker regulator
Binary is licensed as a representative of the services in category 3 Investment Authority and regulated by the Malta Financial Services Authority (number IS/70156 license).
Binary user agreement
Any trader planning to become a professional stably earning from his investments in options on the broker’s platform shall study its documents allowing him to see a lot: operator’s warranties for platform users, the list of user’s obligations, responsibilities of broker and player. Such document of Binary is called «Terms and Conditions» and available right on the first website page (at the bottom of the website). Why do you need to study this information? At least to know the aspects of the platform operation, the issues, which the user is secured here from, the broker’s warranties. Starting to deal with the platform the customer automatically accepts the paragraphs of the «Rules». As any «User agreement» with a broker, this document contains many rules, which may produce different reactions and a set of questions from traders.
For instance there is the clause in Binary «Rules», according to which the broker reserves the right to deny the services to the customer, cancel them any time (these are, for example, trading transactions), if his activity is considered to be illegal. There are several reasons listed in the document which may effect such a broker’s decision, but this is not a full list – exactly that «but not limited to», see the screenshot below:
In other clause of the «Rules» it is explained what actions the broker will take in various emergency cases etc. So the company may stop the transactions performance with reference to, let’s say, unstable political situation, failures of communication means and so on. Stop trading and withdrawals the company may even at the slightest pretext, as here the wording «but not limited to» works see the screenshot below:
Besides, in case of any emergencies given in the screenshot above, the operator may close transactions by the price it considers appropriate for that given moment. The trader may not be notified about such actions of the broker.
Is Binary a scam?
Summarizing, we can definitely say that Binary is one of the most trusted brokers on the market today. The company has been in business for more than 17 years, and the trading conditions and their trading platform are extremely easy to use and attract a large number of clients. The minimum deposit is only $5, and the minimum bet is $1. They offer free trading signals, with which you can successfully trade on binary options using their platform.
The broker offers a large number of completely free options related to education and e-books on all aspects of trading, as well as a huge database of questions where you can find a solution yourself, by selecting the appropriate response to your problems. The binary broker is fully adjustable, and you can be confident in the safety of their investments. Binary is one of the most stable brokers on the market. For a long time, the Binary broker regulated by the MFSA, the Financial Services Authority of Malta.
The Binary broker has many years of experience in the trade industry and is extremely simple and comfortable to work with. This, combined with a reliable and highly customizable terminal, makes the Binary broker an excellent choice for trading on the market of binary options. Binary is a regulated and 100% reliable binary options broker.
The company provides an ample and totally free package of tools for self-education, which also speaks to their respect for their customers. The minimum deposit amount is only $5, so you can quickly start the process of trading with minimal investment. Binary deservedly takes its place in the top ten brokers on our website fraudbroker.com, and we are sure this broker is a great choice for traders from both Russia and the entire world.
I never believed your strategy works this perfectly and that i could ever make money out of binary trading. Thanks to Mr Bailey a true mentor of binary, for your excellent strategy you can feel free to seek for his advice at baileyaart1199 @ gmail . com and you can get back all your investment capital if your broker refuse giving you through his help and advice
IQ Option Review 2020 – The Lazy Traders ‘s Guide to Know Everything
IQ Option Review
IQ Option is one of the best known binary brokers, and most people have reviewed it as a top-notch solution. It is more of a representation of what binary trading platforms should look like in the coming years. IQ can be termed as all-around software that accommodates all traders’ needs, and it is, therefore, something that I can confidently recommend.
IQ Demo Account
You can access the Demo account on Android, PC, and IOS. It is recommendable that you try out the free Demo option first so you can evaluate the platform and understand it better. The Demo account reviews show that it is a good platform, but you should give it a free trial first. You can always recharge the available virtual cash if it goes down to less than $5000.
Is IQ Option Legit?
We will answer this in terms of whether the IQ option is verified or it is something you should worry about. For starters, IQ Option Europe LTD is accredited by CySEC, and Cyprus approves it and authorized by EEA. IQ Option does not only operate in Europe, but also it works in other regions, but it is registered under the name IQOPTION LTD and registered at Gredaniesand St. Vincent. IQ option is well-regulated, and that is a plus. However, the major drawback is that they do not accept traders from Israel, Australia, Canada, Japan, Sudan, Iran, Palestine, N Korea, USA, Syria, Latvia, and Belgium.
IQ Option Payout and Returns
I’m giving the platform a 5 out 5 for returns. The returns are attractive, and if you are looking for a way to make fast and legitimate money, IQ will do you good. The maximum payouts go up to 92% in cases of a successful trade. The weekends are even better, and the payouts go up to 95%. Weekends are the best time to try your luck, but you should note that they only provide cryptocurrencies. Also, the new digital option has higher returns that go for up to 900%.
e will discuss and review more about the new digital feature later. Also, a nice extra is the IQ Option tournaments where you can compete with other traders to make the most tournament money in your account over a limited time frame., Here you can participate with very little or no investments. and the tournament winners can get very very lucrative Rewards. I recommend to give it a shot. It’s a fun way of trading, one time I had joined a small tournament for a 5 USD buy in and was able to get 200 USD in return for my 4th place in the rankings.
IQ Option Software
I would give this software a rating of 10 out of 10 and with good reason. This is the best software that I have seen in the longest time. There is a lot to love about this software and its interface, the layout, and its usability. The platform has excellent features to be discussed further later in this IQ Option review.
To sum it up, we can all agree that the software is super incredible.
Charts, Tools, And Indicators
The platform entails a range of chart options which allow you to choose the one that suits your exact trading needs. These include candles, bars, lines, and Heikin Ashi. Each of these choices has its different features, pros, and cons. For example, if you are technical analysis and following trends, you can go for various drawing tools such as trend line which will help you in setting up price movement’s level of support and resistance.
What’s more? IQ option offers you an array of indicators that lets you choose the best based on your style and preference. You can access all these elements by checking the bottom left of the trading interface.
They have great customer service, and I would give it a 4 out of 5. One of the things I love most about their customer service is how instantly they reply to inquiries. They have an excellent customer support team that has been set aside to answer all questions within seconds. Nothing beats fast responses when it comes to determining the quality of customer services, and this is something a plus for them.
You will have access to a range of deposit methods, and that is another positive thing about IQ option. It shows that they care about their customers and have come up with payment options to suit every client’s needs. Their deposit forms include eWallets, credit, and debit cards. They also listened to customer demands and have recently introduced AstroPay card and ADV Cash as acceptable methods of payment. This makes it is more convenient for everyone and more straightforward for new traders to join the trading platform. Generally, deposit options vary depending on the country of a client.
The expiry term depends on how long you are willing to hold the trading position. This could range from one minute to one month. IQ has a range of trade expiry period, which mostly depends on the kind of asset that you will be trading. You can hold binary options positions for a range of between 1 to 5 minutes. The other feature to love about this platform is that you have the chance to set trade entry that will happen in the future. For example, you can set a trade entry that you want to occur in the next 2 or 3 minutes.
This firm has been in existence since 2020. It is regulated by CySEC in Europe and approved by EEA. However, because EEA regulates the company, IQ option only provides a particular selection of financial options to the European retail traders.
IQ Option is a subordinate of IQ Option Europe Limited. Their headquarters are in Yiannis Nicolaides Center found in Agiou Cyprus, and the company registration number is HE327751. IQ Option CySEC license number is 247/14. They provide their services to all the citizens of Asia, Africa, Latin America, and the Middle East.
They have great customer support and an exceptional 24/7 international support that comes in different languages. This ensures that they can conveniently communicate with all their customers. Also, traders can reach their support team through email, phone, Skype, or even chat. Their UK phone number is + 44 20 8068 0760.
More About IQ Option Deposit
Let us dig deeper about the deposit options. We already made it clear that they accept a range of deposit options, but what are the terms? For starters, you should know that the minimum deposit amount is $10. This means that you cannot deposit an amount lower than this. The amount is relatively fair and great for those who just want to give them a try before making the final decision. It is quite a reasonable amount for those who wish to deposit and see if the system works before investing in big amounts. It would have been unfair if you had to make a minimum deposit of $50. That will be a significant loss if things fail to turn as you expected.
Now away from the deposit, the minimum amount that you can invest in this trading platform is $1 per trade while the maximum is $20,000. The maximum deposit amount is $5,000, and the available deposit options are MasterCard, bank cards, e-wallets, Visa, Astropay, and ADV Cash.
You may notice that sometimes the deposit will take some time before reflecting in your trade account and there is nothing to worry about. In most cases, though, it will reflect instantly.
update: from the 9th of December 2020 and on, traders will have 3 commission-free withdrawals per calendar month. The calendar month is calculated from the first day of the mouth. Each subsequent withdrawal will incur a commission fee.
Withdrawal options at IQ Option
Now that you understand more about the deposit, it is time to learn more about their withdrawal options. A few years ago, IQ Option introduced instant withdrawal. This means that your withdrawal request will be processed instantly. It is advantageous since you get your cash immediately after making the request and therefore if you were after urgent money, then they got your back. You, however, need to prove your identity first for the withdrawal to be successful and for it to be fast. Ensure that your account is fully verified before attempting to withdraw.
Downloading The App
The best part about IQ Option is that it is available on smartphones. You do not have to be next to your computer to enjoy trading on IQ option. Simply download the app on your Android or iOS, and you will even love that the app is free. The other thing to like about the app is that the features you get on your smartphone apps are the same as you would find if you decide to use a desktop app.
Android and iOS mobile apps are available for IQ Options traders
Do You Need An IQ Option Account?
Although it is not mandatory, it is recommendable that you give the platform a free trial with a demo account. This way, you will be in a position to determine if the platform is worthy or if it meets your expectations.
What Are The Benefits Of IQ Option?
You are probably wondering what it is that makes this trading platform standout and why it is better than most platforms. IQ option has a range of great deals that makes it most people’s favorite. Let’s have a look at some of these aspects;
The platform is easy to use – you do not have to be an experienced trader to be in a position to use this site. Even new traders find it quite friendly and easy to navigate, and this is one of the main aspects that people look for when deciding on the best trading platform to choose.
Accessibility – the other benefit or feature that makes IQ option to stand out is its accessibility. By this, it means that you can easily access the platform from various devices such as on your smartphone, web browser, or on your desktop. You can enjoy trading from anywhere and at any time.
IQ has invested in ensuring that they can offer their customers with educational resources and guide them through the trading process. They have a collection of educational resources like videos, articles, and real-time smart news feed to keep the traders updated at all times and help them keep up with the market trends. They also have a wide range of tradable assets to cover everyone’s needs and answer all questions that traders may have regarding the same. These include cryptocurrencies, binary, stock, and commodities, not to forget ETFs.
Great financial instruments – IQ has done a great job in offering financial instruments to meet the needs of traders from specific regions.
IQ Option Downsides
Anything with upside has a disadvantage, and IQ option is not an exception. There are a few things not to like about them. The first one is that their primary focus is on investors who prefer a short holding term. They do not consider those who want a longer expiry time, and mostly their terms expire within a day unless traders set a shorter period. They, however, have an off month longest option where you can hold your trade position longer.
Do You Need To Open An Account With IQ Option?
If you are still in a dilemma and still wondering if you need to open an account, here is what you need to know first before making your final decision. You should know that their website is professionally designed to offer your simplicity and convenience when using it. This is unlike most broker sites that are filled with clutter. The sites are easy to use and navigate through different sections of the platform. What’s more? You will find all the information you need about opening and using an IQ Option account. It is all well described as you move down the site.
You can access the website through your Smartphone or computer. This is an additional point as it means that you can access your account from anywhere and at any time provided you have your device with you and an internet connection. They care about everyone, and they understand that they have customers from all over, and for this, they have availed the site in 13 different languages. This ensures that every trader can access and understand it regardless of where they come from.
If you are still not sure about whether to open an account, you will be happy to know that the process is super easy. They have also gone out of their way to offer demo accounts where you get to learn more about the account and how to use it. All that is required from you is to fill in your names and email to gain access. The real account, however, needs you to present your identification documents and get verified before you can access it. Verification may take approximately 10 to 30 business days.
The best part about IQ Option is that they have gone out of their way to offer traders with useful and educational resources to guide them on how to open and use the account. Traders have access to more than 200 high-quality videos on the site, all which have been posted to tutor them and answer any questions that they may have regarding account creation. They have also put up blogs and articles explaining the same and ensure that site visitors get to keep up with the constantly changing trends. Even better; they have an informative FAQ section that answers all the frequently asked questions about trading.
Now that you have already created an account, you need to understand more about depositing and withdrawal, and once again, the process is straightforward. IQ accepts different methods of payment, and with this, you can deposit your money instantly at any time with your phone or credit card. Also, they are still adding for payment methods, and with time, they will have more available payment methods. They recently added AstroPay card and ADV Cash to grow their list of acceptable payment methods.
How long does it take for the money to credit to your account? This will sorely depend on your method of payment. The minimum allowed amount that you can deposit is $10 and this is quite friendly compared to their competitors. You do not have to worry about your money going to waste once you realize that the platform is not exactly what you were anticipating for. You are allowed to invest as little as $1, which is the minimum investment amount based on what trading instrument you choose to invest in. Withdrawal is also super easy, and you get money instantly. You can request your money to be sent through any of the available deposit channels. However, your money can only be sent to the same channel that you used for depositing. Card withdrawals are the most prioritized, and therefore, when creating an account, it is best that you consider it as your primary method of deposit and withdrawal. The trading platform is professionally designed and allows you to access a range of features by one click on the right of the interface. Some of the features to expect from the interface include;
- You can access your trading history from when you started and all the details of the past trades
It lets you select an asset by clicking on the + sign located on the top of the interface
- You can view the leader board where you get to see how other traders are doing in terms of earnings
You can view the upcoming tournaments
- You get access to market analysis, which allows you to view top performing forex and earnings calendar. This is an essential element to guide through your analysis
- You only need to make a single clean to reach the support team and have all your questions answered on time
- You can view a range of tutorial videos, graphical tools, and different charts
You will also love that they have invested in charts and indicators to make navigation through the site easier, even for the new traders. They are continually updating the charts to ensure that they can accommodate all traders and their preferences and styles. They recently introduced Belkhayate timing, DPO, and KDJ indicators.
The first thing that traders look for when selecting a good trading platform is customer support. IQ Option has proven its worth and has done a great job in offering customer services and ensuring that traders are attended to on time and that they can get answers to all their inquiries. They have integrated a live chat feature that ensures that traders get to have their issues addressed in real time.
Traders get the chance to interact with other traders as IQ Option has added a chat feature that traders can access from their trading accounts. This is super efficient, especially when a trader is looking for tips to be successful. S/he can get them by asking from the rest of the high-earning traders.
How effective is IQ Option? I have already mentioned several times that they offer up to 92% payouts on successful trades. This is a better rate than what most brokers provide, and you can trust that you will be able to reap big from this platform. Their trade expiry time is, however, shorter than most brokers as their speed trading starts from 1 minute to 1 hour. The position holding term that you get is one month.
Complaints about IQ Option
A lot of good things have been said about IQ Option, but that does not mean that there have not been any complaints about it here and there. Some users have had a few negative things to pinpoint about this broker, but it requires you to do some in-depth digging to come across the complaints.
Most of these complaints focus mainly on pricing. Some traders feel that there is an unfair difference between the strike prices and the actual market price. They feel that what they make from the platform is a bit lower than their expectations. Such complaints might be the reason behind the prompt action by CySEC where they withdrew a fine they had imposed on IQ Option for not failure to execute orders for their clients in the best way.
The other common issue that most individuals complained about was regarding the withdrawals. Some people feel that it takes too long before money reflects in their bank accounts. They wish that it would be as instant as it is when making deposits. It takes approximately 45 business days for the money to reach your account after sending the withdrawal request. This complaint triggered the changes in terms of withdrawal, and since then, IQ Option introduced instant withdrawal. This means that they can now access their money faster, especially when they use debit and credit cards as their method of payment. Most of the withdrawal requests are now processed within 24 hours, and this is a plus for the platform.
Currently, wire transfers are only available in Argentina, Thailand, South Africa, Malaysia, Indonesia, and Vietnam. It is recommended that traders choose their method of payment carefully to avoid frustrations during deposit and withdrawal.
How User-Friendly Is IQ Option
User friendliness has been one of the top reasons why a lot of individuals prefer this site, and to my review, the interface is very easy to use. The design is super amazing, and the sections are professionally laid. The platform has been made for everyone’s convenience, and even the new traders find it super easy to use and navigate. Just a few mouse clicks and you will find yourself at the right place.
The platform has an easy-comprehend interface, but it is a bit cluttered, especially for those who have more than one open trade. It gets even worse if you try to open more than one window. IQ Option mostly focuses on Europe and Asian traders, and you will realize the most of the available languages are from these two regions.
How accessible is the platform? The accessibility of the site has been improved dues to its mobile friendliness and the fact that you can access it virtually from anywhere at any time.
IQ Options is one of the few brokers that offer more than 10million financial assets to traders. Some of these tradable assets include;
This is where they started. Initially, they offered binary options, and these assets have a fixed return of up to 92% on successful trades. You should note that there is no precise amount that you can lose. The amount is proportional to your investment.
IQ Options are trying to keep up with technological advancement and have recently launched digital options. People find this option more and trade conveniently. Digital options come with a range of benefits. For starters, you can get up to 900% returns on successful trades. Your potential returns will be based on your strike price. Also, you can only lose as much as you have invested, and the best part is that you can exit the market if you feel that the losses are too much. You may also do this to lock in profits. Trade position expiry time is between 1 to 5 minutes. Digital options are the best for individuals in non-regulated states where they cannot access FX trades.
IQ Options offers a range of tradable commodities which include oil, gold, and silver. Trading with commodities is the best choice if you wish to hold on your position for an extended period.
ETFs are more like stocks. They come with some pros the main one being that they give traders a chance to diversify their portfolio and buy as many shares as they can afford. They have a choice to buy as low as one share.
IQ Option is among the few brokers that offer their traders more than 165 stock CFDs all from established companies from across the globe.
Forex is one of the people’s favorite training assets in IQ Options, and you can take advantage of this asset and enjoy making up to X1000 returns especially if you are a trader from a non-European country. For the European traders, you can leverage up to X30 returns.
Forex Options are mostly suited for European traders. Most traders opt to combine them with the digital option to get better returns. When done well and in cases of successful trades, you have a chance to get unlimited profits with limited losses. When trading with digital options, you have noticed that you are required to choose a strike price that you feel will work best for you and one that you think that your financial instrument will reach. The platform then calculates your potential returns automatically. It will also show you the potential losses if things go wrong. FX options have an expiry time of up to one hour, and you have a choice to exit the trade to minimize losses or lock profits before its maturity.
Cryptocurrencies are another kind of assets that have been gaining popularity and have become a buzz in the market today. Luckily with IQ Option, you will have access to over 11 cryptocurrencies, and they give you a chance to make as much as you can with these currencies. They offer unique and highly leveraged cryptocurrencies that you might not find anywhere else. For example, with Bitcoin, you can leverage as much as X100, which can increase your profit and loss potential. You should, however, note that the leveraged cryptocurrencies are only meant for traders that are based outside the EEA.
This broker allows their traders to invest in about 11 of the most prominent largest indexes. You also get a chance to enjoy the leverage of up to X 150 when you trade with indices on IQ Options.
Commissions And Effective Returns
IQ Options is among the brokers that primarily focus on short position holding terms. If you are after extremely short terms, you can IQ Options allows you to access turbo options which have expiry dates of about 60 to 120 seconds.
Their short term options have expiry terms of about 1 to 5 minutes, and you may have an increment of 5 minutes after that. The most prolonged position holding period you can take is up to one month. This broker provides traders with decent returns as with a successful trade can for up to 92%.
Contact And Support
IQ Option has been good work and trying their best to offer excellent customer support. They believe that customer support is the key to seeing the customers satisfied, and it is the only way to keep them hooked. For this, they have set aside a group of customer support whose availability is 24/7. This ensures that traders can have all their issues and inquiries solved within the shortest period. They have a direct number, and the good thing is that they have a real person behind the desk. Traders can, therefore, have confidence that all their queries will be answered regardless of how complex they may seem. You can reach their customer support team through a range of channels such as Skype, email, phone, and chat rest assured you will get fast responses.
They have also integrated a chat feature within every trader’s account interface so that traders can chat among themselves. They can take advantage of this feature to inquire when they have problems or when you want to ask about tips from the more experienced or high-earning traders.
Deposits, Withdrawals, And Bonuses
Deposits and withdrawals are quite easy, and IQ options accept a range of payment methods, including e-wallet, credit and debit card. Also, the verification process only takes a short while, and you all ready to start with your trade. It will take you a few weeks for the account to be verified. After verification, you can now make your first deposit, the minimum amount being $10. This is quite a good amount bearing in mind that most brokers will require you to deposit a minimum amount of up to $250.
Depositing is not the only easy thing since withdrawal has been improved and it now takes you the least time to have your money in a bank account. You, however, should note that they will only accept the payment method that you used for depositing to be the same for withdrawal. You should also note that IQ Option does not offer sign-up bonuses. They have to follow the requirements of CySEC.
IQ has made several steps ahead and are now offering unique and super efficient features to improve trade and make the process easier for everyone. They have put together over 200 tutorial videos to provide traders with resources on how to get started and how to use the platform. They also have a demo account which gives traders a chance to do a free trial and see if the platform meets their needs.
Fresh news available at IQ Option website
The IQ Option trader account gives you access to other tools and features to make the trading process more convenient for you and ensure that what you get matches your preferred pattern. Most of these tools are things that you will not find anywhere else.
IQ Option was launched in 2020, and since then, they have made it to the list of the fastest growing binary options brokers. This shows just how much hard they have been working to ensure that their clients get only the best. They have a wide range of tradable assets and traders’ friendly features, and these things make the platform likable by everyone.
IQ Option has made a lot of efforts in introducing new financial instruments such as fore and digital options, and this is another plus for them. They are trying their best to increase leverage, integrate more indicators to make trading as smooth as possible for everyone.
Their hard work does not go unnoticed, and with everything they have been doing, IQ option now oversees transactions of more than $380 per month and an average trader withdrawal of more than $10.8 million in a month.
How Should You Use IQ Option In The USA?
Unfortunately, this platform is not allowed in the USA since the relevant authorities have not regulated them in the US, and therefore, you cannot use it.
How Can You Change Your Currency Deposit On IQ Option?
This is only manageable when making your initial deposit. You can do this by clicking on the deposit button on your account, and a deposit window will pop up. You can then choose your preferred method of payment. Enter the amount and click on your preferred currency. Note that you will be doing all these on your demo account.
How Will You Get A Real IQ Option Account?
It is quite easy. You only need to visit the main website; https://iqoption.com/en, and you will get the demo account download option. Go to deposit and after choosing your preferred payment method and making your deposit, wait for a few seconds or minutes for the money to reflect in your account. Now you have your real account, and you can start trading. It is recommendable that you verify your account immediately after making your deposit. This is so you can avoid issues when making withdrawals.
Where Is IQ Option Broker Allowed?
The broker is approved and accredited to offer services in a range of European states. IQ Option is also allowed in other non-regulated states like some parts of Africa, Asia, New Zealand, and Latin America. You should, however, note that particular financial instruments are only available in specific regions.
Who Regulates IQ Option?
IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC) in Europe under the license number 247/14. IQ Option is also EEA Authorized.
Where Is IQ Option Headquarters?
IQ Option headquarters is based in Europe, Cyprus at Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol.
Does IQ Option Have A Maximum Trade Size?
Yes, IQ Option has a trade maximum for both real money and demo account. You can make an investment maximum of $20,000 in a single trade.
Is IQ Option Safe?
IQ Option adheres to the regulative requirements in ensuring that their clients are safe. What’s more, IQ Option utilizes SSL encryption technology to ensure that there is no unauthorized access to your account. IQ Option implements strong steps to encrypt the web traffic between the trader’s computer system and their servers to ensure that their clients’ personal and financial details are secured.
Is IQ Option In Any Way Connected To Metatrader?
IQ Option utilizes its designed platform and is in no way associated with the Meta Trader platform.
What Is The Best IQ Option Deposit Method?
IQ Option offers diverse deposit methods, but my favorite option is Skrill wallet. This is because it is easy and fast for deposits and withdraws, and IQ Option will not impose any extra fees.
Which Is The Best Way To Withdraw Money From IQ Option?
IQ options offer you Skrill Wallet that makes withdrawing cash quite easy. The good things are that you don’t get charged extra withdrawal or deposit fee. Besides, you get to withdraw any amount, and the process is fast. The last transaction was completed in less than 24 hrs but it must be a working day.
Is IQ Option A Better Choice?
IQ Option has built up a good reputation in the market over the years. This can be seen from their regulated status and the rewards they have won. From their growth curve, based on the number of withdrawals made monthly, it is clear that they have a good reputation.
As of 2020, traders recorded withdrawals amounted to $1.5 million per month, and as of 2020, the figures had grown to over $10.8 million per month. Their official partnership with Aston Martin Racing from 2020 to 2020 further shows how committed and reputable IQ Option is, and they have and continue to demonstrate how online trading community can be trusted.
How Can I Open An Account With IQ Option?
Opening an account with IQ Option if free and easy; you only need an active email, Google+ or Facebook to sign up. After sign up, you get $10,000 in Demo account that you can freely use. From there you need to deposit a minimum of $10 to switch over to real money account. It is recommendable to verify your identity after switching to real money account to make the withdrawal possible.
Why Is My IQ Deposit Not Working?
IQ deposit could fail due to primary reasons; either your location or platform. If you are opening an account in a region that IQ option does not support, for instance, the USA, your deposit may fail. In terms of the platform, you are using, choosing a payment method that is not IQ supported will render your deposit efforts to fail.
Before proceeding, see to it that your region is supported and that the payment method is available. If you hit any snags, contact customer support for thorough assistance to ease your depositing effort.
What Does CFD In IQ Option Entail?
With CFD, you can hypothesize and trade following the price changes. Based on specific price movements of various assets such as stocks, cryptocurrencies, and indices, CFD in IQ allows you predict whether the asset’s underlying prices will rise or drop in a particular timeframe and trade accordingly. This will enable you to take advantage of the variance between the present and prospective prices, unlike in predetermined returns, as is the case in binary options.
How Can I Trade Forex In IQ Option?
Trading forex in IQ Option is quite easy. All you have to do is to choose the forex option from the “assets list,” choose the currency to match what you wish to trade in, the amount you want to invest and finally the multiplier if you like since it is optional.
After that, the next step is to plan your trade forex by applying trading limits that are, stop loss and take profit. The application allows you to control losses and lock in profits should the markets work against your favor. The next step involves selecting the direction that you think the FX match up price will take to enter a position.
Can I Buy And Sell Bitcoin On IQ Option? How?
Yes, you can buy or sell Bitcoin on IQ Option via cryptocurrency CFDs. However, you should note that the buying and selling doesn’t mean that you actually own BTC tokens, but you will be profiting as you speculate the token’s price movements.
Your Bitcoin activities will generate profits by the variance between the price at trade entry and exit. To trade Bitcoin on IQ Option, you simply visit the cryptocurrencies section and select Bitcoin on the list. After your selection, enter the amount you wish to invest, followed by entering the trading limits this is stop loss and take profit. If you wish to buy, click on “buy” or “sell” if your Bitcoin activity involves selling following your speculation on the expected Bitcoin’s price direction.
What Is Digital Options?
Digital options is a fairly new instrument designed to help you generate higher profits in comparison to binary options. This is made possible by allowing you to choose the strike price, that is, the price you expect the asset to reach, and a timeframe which is over your old position.
After your selection, the platform by design evaluates the expected profit. The best part is that you can exit a trade before its set expiry. This means that you can lock in profits or minimize losses.
How Do I Choose The Best IQ Option E-wallet?
IQ option offers a variety of eWallets to choose from. The best way is to choose an eWallet that you are most comfortable with. Among the available options include WebMoney, Skrill, and Neteller. Skrill is among the favorites owing to its fast processing time and no fees charged.
What Does The IQ Option Broker App Do?
The IQ Option broker app is software designed to run on your Smartphone or desktop. The app is specially designed to ease your logging into the trading account while making it more secure and faster. The IQ Option broker app operates on macOS, Windows, and iOS devices, as well as on Android.
Can I Trade With “Borrowed” Money On IQ Option?
Yes, with the IQ Option multiplier, you can trade with “borrowed” money. The IQ Option multiplier special feature permits you to enter a trade with more money than what you are investing. For instance, if you are entering a trade with $100, you could apply an X50 multiplier that turns your investment to $5000. It means that if your trade is successful, you make 50 times more than you could’ve had you traded with the initial $100 investment.
What Does Crypto In IQ Option Mean?
Crypto in IQ Option is a short form for cryptocurrencies. IQ platform avails various cryptocurrencies. Cryptocurrencies have become a popular virtual currency maintained by blockchain technology. The financial instrument’s popularity has made it a valuable choice for most traders all over the world. You can find 11 diverse cryptocurrencies offers on the IQ Option platform.
What Are IQ Options Pros?
• Flexible deposit options and accepts credit cards
• Seamless, secure, and fast with trading app
• Islamic account
WARNING! Please Take Note That Your Capital Is At Risk.
Note that when your in the EEA zone (Europe) the Binary options are prohibited
As you venture into CFDs, take your time to understand how they work and see if you can afford to accommodate the risk of losing your money. As they are intricate instruments, CDFs come with a soaring risk of swiftly losing your money due to leverage, taking into account that 74-89% of retail investor accounts lose money trading CFDs.
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