IQ Option is a binary options trading platform that provides a variety of options & other instruments for traders. Essentially, their binary options have regulated times from one hour, which is broken down into fifteen-minute increments and may run up to one month depending on the setting that is chosen. Plus, a trader can use the speed trading options that operate in increments of five minutes each.
In this IQ option review, we will look at the features, including the new Digital Option product which was recently introduced, evaluate their advantages and disadvantages, and comment on whether this is the right company for you.
How does IQ Option work?
At first glance, IQ Options platform offers the standard features found in most binary options trading platforms. There is a registration process, minimum deposit, and the free demo of the site so you can learn how it works. There are numerous charts that you can refer to when making your trades and the site itself is easy to navigate. In fact, one of the most important features that IQ Option trading has is that their platform is laid out in an intuitive, easy-to-understand manner.
IQ Option features the standard call/put trading options that are broken down into fifteen-minute increments with some features that may be smaller, such as five minutes, and up to an hour or more. One new feature is Digital Option, a platform where there are more than 500 assets that are ready for trading on their platform.
One interesting feature is the trading competitions that occur on a weekly basis. You can take advantage of the free demo account and the minimum deposit to compete is only $10. This is a great way to hone your skills while risking little in the way of losses.
If you are looking for an IQ Option robot, you will not find any auto-trading version on the site. This may or may not be important to you depending on your style of trading.
List of regulated countries
Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, The Netherlands, United Kingdom.
IQ Option Benefits
There are several benefits to using IQ Option as your binary options trading platform, starting with the relatively easy setup. For those who are just getting into binary options or for those who are not pleased with some of the requirements from other platforms, IQ Option is refreshingly simple.
Variety of assets
IQ Option ceases to be simply a platform for binary option and becomes a universal place for trading the most diverse trading tools you are interested in. Recently IQ Option team has added new instruments like CFDs, Stocks, ETFs, Forex, CRYPTO currencies (CFDs) and Digital Option to their trading platform.
The Crypto Currencies offered by IQ Option are Bitcoin, Ethereum, Litecoin & Bitcoin Cash etc.
One substantial advantage is that the company is a legitimately licensed broker within the confines of Europe. Their headquarters is in Cyprus and they are licensed and regulated by the CySEC. For those who are concerned about an IQ Option scam, the fact that they are licensed should provide a little peace of mind.
Free IQ Option demo account
Unlike many other online brokerages that deal with binary options, the IQ Options demo account is free and does not require a deposit like so many others. This means that you can try out their system to see if it is right for your needs. At the very least, the free binary options demo account to help you make the best-informed decision about whether to join without having to put up any money.
It’s hard to find another brokerage that has a minimum deposit level of just $10. It demonstrates just how much this market has changed in the past few years when $250 to $300 were considered a low entry rate. This means that basically anyone can start trading right away with a small amount and add to it over time when they feel more comfortable.
The heart of all binary options trading is the supply of accurate charts so you can make better-informed decisions. IQ Option excels at putting out exceptional charts that provide a wealth of information. Compared to many other brokerages who deal in binary options trading, IQ Option offers plenty of information which means that you can feel more confident about your trading activities.
IQ Option withdrawal
Another advantage is the IQ Option withdrawal that is simple and easy to use. The straightforward nature of the process and the fact that there is no minimum amount makes it quite attractive to use. There are standard rules such as a 24-hour transaction time, proper ID needed, and the money must go to the same source from where deposits are made to avoid money laundering issues.
Of course, not everything about IQ Option trading is wonderful and there were few issues that some traders may have faced with this platform in the past which are as follows.
- Designed for Short-Term Trading
- Limited Options
- Short Asset List
But now these issues have been resolved perfectly by the IQ Option team.
While you can extend some trading up to one month, for the most part, the activities are designed for the short-term. This means that if you are focused more on long-term results over weeks and months, this may not be the right platform for you. Plus, you are limited to the standard high/low or call/put options when it comes to trading compared to some other platforms. Finally, the asset list is rather short which limits your options even more.
Customer Support 24/7
The primary emphasis of these campaign materials is round-the-clock support on the trading platform, with the “Support 24/7” text. This is an important accept for an investor while choosing a broker.
Appart from binary options trading, IQ Options does offer different assets & plenty of sound features that makes it one of the best on the market today. It is simple, straightforward, and offers good packages for their trades that is perfect for beginners up to seasoned traders.
There is no evidence of an IQ option scam or fraud, simply to take your money. They are a legitimate company that runs their operations with utmost clarity. If you are interested in trading, IQ Option offers a good, solid platform that you can trust. In this IQ Option review, we have looked at the various features along with the pros & cons to discover that it is proper, well-run system.