In this blog, we will show you an IQ Option review and its important information to help you decide on your suitable broker. Furthermore, you can discover how to trade and an easy tutorial on how to register an IQ Option account to trade.
IQ broker is well known as the leader in the binary options market. Hence, it is reputable, trusted, and highly recommended for investors at all levels, from beginner to advanced.
What is IQ Option trading?
IQ Option is an online trading platform established in 2013 by IQ Option LTD. Additionally, the company is located in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). Moreover, IQ broker is one of the biggest trading platforms accepting speculators from over 213 countries around the world.
Besides that, the broker allows investors to trade various types of assets including binary options, stocks, forex, ETFs, commodities, and even cryptocurrencies. Hence, from 2013 to 2020, the platform attracts over 48 million accounts registered and delivers more than 1.3 million transactions per day.
Undoubtedly, the platform receives many trading awards as well as the beliefs of worldwide traders. To support, IQ broker is awarded as the most trusted broker in four consecutive years from 2017 to 2020. Moreover, it was recently recognized as the Best Binary Options Broker in 2021 by Day Trading. In order to have an overall IQ Option review, we provide detailed information in the next sections.
IQ Option overall review
| IQ Option review | Information |
| Establishing year | 2013 |
| Legal/Safety | Regulated by CySEC |
| Number of trading assets | 264 assets including forex, stocks, cryptocurrencies, commodities, and ETFs |
| Demo account | Yes |
| Payout rate | Maximum 95% |
| Minimum deposit | $10 |
| Minimum withdrawal | $2 |
| Minimum investment | $1 |
| Fees | No opening, closing, deposit, or withdrawal fees. |
| Available expiry time | From 5 seconds to 1 month |
| Deposit methods | Debit Cards, Credit Cards, and electronic payments (Skrill, MoneyBookers, CashU, and Neteller). |
| Mobile availability | Yes |
Why choose IQ Option?
Regulation
One of the significant certificates mentioned in every IQ Option review is the CySEC. To explain, the trading platform needs to ensure the minimum necessities as well as risks warning for traders to be certified with the CySEC license. In detail, IQ Option has to satisfy some CySEC requirements such as trading commodities, traders’ funds, and marketing limitations.
Besides that, IQ Option also needs to keep traders’ funds in isolated accounts. It means IQ Option cannot use them for commercial or business expansion purposes. Moreover, investors can benefit from CySEC’s insurance policy on the exchanges it licenses.
Review IQ Option Safety
Along with the CySEC’s strict requirements, IQ Option adds other provisions to improve its trading security. To explain, IQ Option encrypts all conversational information between investors and the platform. Therefore, hackers cannot access or steal account information as well as traders’ personal information.
Despite the trading platform’s security, it does not provide negative balance protection. Hence, investors need to spend more time on account as well as risk management.
Payout rate
Compared to other binary options trading platforms, IQ Option offers a very competitive payout rate. In detail, investors can earn up to 93% in some circumstances. Besides that, the broker also has lower trading fees than many online ones and is comparable to larger established brokers.
Fees
For new traders, IQ Option can be reviewed as one of the most suitable and well-known brokers to start with. To support this, the platform does not require any opening or closing account fees. Moreover, investors can withdraw or deposit freely without any charges on their accounts. Herein, you can see the fee comparison between IQ Option and other brokers in the table.
| IQ Option | Etoro | XM | XTB | |
| Account fee | No | No | No | No |
| Inactivity fee | Yes | Yes | Yes | No |
| Deposit fee | $0 | $0 | $0 | $0 |
| Withdrawal fee | $0 | $25 | $0 | $0 |
Review IQ Option broker’s trading platform
Trading information
IQ Option is well-designed with clear layouts that support investors to monitor their assets’ movements. In detail, the candlesticks are lively illustrated and you can change the color to fit your preference. Additionally, new traders can easily find IQ Option’s functions with the search bar.
Another thing that makes IQ Option easy for newbies to enter is its educational resources. To support this, traders can instantly watch tutorial videos and blogs on how to use the platform. Besides that, there are some recommendations as well as trading tips for traders to follow.
On the other hand, investors can share trading information through social chats on particular assets. Therefore, traders can be more active and gain deeper knowledge about market conditions. However, this function is limited to demo accounts.
Importantly, traders can draw lines or plug-in graphical tools (with the desktop version) to optimize technical analysis. Furthermore, there are many good reviews about the IQ Option trading platform on account of switching flexibility. To explain, traders can easily switch from their real accounts to the demo account at any time without delay.
Last but not least, you can effortlessly make any type of order such as stop-loss, take profit, trailing stop, pre-order, or multiplier. Besides that, investors will be fully supported through their trading.
Deposits and Withdrawal
IQ Option provides many deposit and withdrawal options for traders to choose from. They include Debit cards, Credit cards, and electronic payments.
For depositing, the minimum amount is 10 USD or GBP or EUR. Unlike other brokers who charge users a depositing fee, fortunately, IQ Option does not apply. However, traders need to go through the account verification process to make their first deposit. Besides that, it will take from one hour to two business days to process the money to the traders’ accounts.
For withdrawal, the minimum amount is just $2. Similar to the deposit, there is no withdrawal fee and it has various payment options for investors to choose from. However, there is no difference in the withdrawal process for any type of payment. To support, it will take up to three business days to process the trader’s requests. Moreover, it can be longer if investors use bank cards or payment mediators.
Required initial capital
This information is less mentioned in many blogs of IQ Option reviews. In fact, traders can start to make an order for only $1. However, to objectively assess your trading performance, you can start with your initial capital is $10. To explain, this amount of capital will give you more available orders.
Besides that, you can easily manage your account because it is a small amount of money. Furthermore, you will face less emotional pressure and be able to improve your trading strategy. It is recommended that you should start trading with real money from a small amount of money. Then, you can raise your trading volume when having more experience in the market. Importantly, you should take advantage of the demo account to test your trading strategies.
How to open a IQ Option’s trading account?
Opening an IQ Option’s demo trading account is totally free. You can start trading with the IQ Option platform with the following steps.
In the first step, you can access https://iqoption.com/en/register and choose your preferred language. Secondly, fill in your personal information to register a new account. Then, you can start trading. Just that easy!
On the other hand, there are two more types of accounts you can register. Firstly, you just need to top up your demo account to start real trades. It is called the standard account with the minimum deposit being $10.
The second type is the VIP account which is recommended for experienced traders. To register the VIP account, investors need to deposit at least $1,900. Or, traders must have proof of $15,000 in trading volume within a period of 03 months.
Pros and Cons of IQ Option
Review advantages of trading with IQ Option
IQ Option is recognized as one of the most trusted binary options brokers in the market. To support this, it is certified by CySEC and encrypts traders’ information for security. Besides that, there are no deposit and withdrawal fees that create an easy entry barrier for new investors. Furthermore, the minimum deposit and withdrawal are little as well.
On the other hand, creating an account with IQ Option is extremely easy. Additionally, it just needs two steps to participate in trading binary options. Moreover, investors can create different account types based on their trading experiences as well as trading volume.
Other things that make IQ Option stand out from the crowd are the platform’s variety and its design. To explain, it has more than 70 trading assets for traders to choose from. Furthermore, the platform’s clear layout, customization, user-friendly app, tutorials, and support are suitable for all levels of investors.
Review disadvantages of trading with IQ Option
Undeniably, there are some limitations that traders should notice when trading with IQ Option. Firstly, the trading platform is not available in some areas and does not provide negative balance protection.
Secondly, the process for both deposit and withdrawal is time-consuming while it is still better than some brokers. Besides that, some customizable functions are limited to demo accounts or standard accounts. However, in order to use these functions, investors need a high minimum deposit to upgrade to the VIP account.
IQ Option trading strategy
In order to succeed in trading binary options with IQ Option, we recommend some steps and tips that investors should be aware of.
Firstly, you should find your suitable trading timeframe to trade in IQ Option. To explain, traders should strategically aim for the best time to trade binary options among the platform’s 24/7 services.
Secondly, investors should identify suitable binary options money management strategies by testing with demo accounts. Then, traders need to pick out the best indicators or binary options tools to support executing these strategies.
Thirdly, through binary options trading, investors should build a clear and consistent trading system to follow. To explain, the trading system includes trading methods, trading disciplines, and trading psychology.
And last but not least, traders’ performances should be reviewed frequently to adjust the IQ Option trading strategy. To support this, investors should cross-compare profit, risks, wins, and losses to make more money with binary options.
Conclusion
In this blog, we provide the IQ Option broker review for traders. Based on the IQ Option trading review, investors should compare and make their own decisions on which is the best broker to invest in.
But undeniably, through this IQ Option binary options broker review, we can see many wonderful features of trading with this platform. There are many experienced traders who can generate money with IQ Option. Hence, we wish you all the best and generate more profit with the platform.