In forex trading, the most popular trading method is the binary option. There are different platforms where you can start as a trader. IQ option is one of them which is 100% online based platform for the customers.
Anyone can start trading with them. IQ option has a variety of financial instruments and assets such as Binary Options, Forex, Stocks, and Cryptocurrency.
It is a well-known platform to the pro traders. The company was founded in 2013 and operated by IQ Option Ltd. This is one of the fastest growing platforms because of its trust level.
They have recently claimed that they have over 20 million account holders from around the world. Without the best facilities, it is not possible.
IQ Option consists of two legal individuals which are IQ Option Europe Ltd. And IQ Option Ltd. The first one is registered in Cyprus and is regulated by CySEC. The second one is registered in Seychelles, and it is not regulated.
They maintain the whole operation with a large dedicated team.
What are the Offers from IQ Option?
As I have mentioned above, they have a wide range of financial instrument and assets. The most popular one is the forex trading. Here are the offers from IQ option.
Forex: Forex trading is one of the fastest growing offers of the IQ option. IQ option provides access to around 188 currency trading pairs. Because of this wide range of pairs, traders always prefer IQ option for the binary options trading.
CFD on Stocks: You can do CFD trade on stocks from over 7485 different companies. Among them, some of the businesses are listed on the NASDAQ and NYSE.
Cryptocurrencies: Like the forex trading, cryptocurrency is also growing day by day. In 2017, we have seen a significant increase in the demand of cryptocurrency, and you can make trade on 12 popular cryptos.
Popular digital currencies Bitcoin, Ethereum, Ripple, Litecoin, Omisego, IOTA, Monero, Zcash, and Dash are included in the list.
Options: Customers of IQ option can venture on the price of some different properties. Some common properties are currencies, stocks, indices, and commodities. This platform currently has over 10 million options.
ETFs: This is a new product for the customers of the IQ option. Though it is not so familiar, still customers can make enough profit with it. It is similar to the common stocks. You can choose from approximately 4288 different ETFs.
How to Start?
For starting trading with IQ option, users need to sign up in the official website. There are two options from where you can start your journey.
If you are a beginner and don’t have enough knowledge of trading, can start with a demo account. Otherwise, you can start with the live account.
What is the Demo Account?
Demo account is a free type of account where anyone can practice trading. There is no need of deposit for this account. Also, users can get unlimited virtual currency for running the demo account.
Though there is no actual profit in money, you will learn the whole process. It will work as a real account with all the essential data.
What is the Live Account?
This is the main way to make money with forex trading using the IQ option platform. Here the customers need to deposit at least $10 for starting. Here you can make an actual profit, and everything will be live.
There are a variety of accounts you will get in IQ options. Also, a wide range of currency pairs ensures a smooth trading. There are two live account options which are-
Real Account: For starting with the real account, the customer needs to deposit $10. After depositing the money, users can access to over 70 assets. There are no restrictions in the functionalities of the trading.
Also, IQ option will process the withdrawals within 24 hours. As a holder of the real account, users can also take part in different trading competitions.
VIP Account: If you are an advanced trader, this account is the best for you. For starting with the VIP account, the users need to deposit more than $3000. There are several benefits of this account. The most important thing is; you will get a dedicated manager for your VIP account.
Also, the VIP account holders get the monthly report of trading, records of performance and other analysis data. These reports help the user to do the next trade with more perfection.
How to Sign Up?
For any type for an account in IQ option, the users need to sign up at first. If you don’t want to fill multiple search queries, can start by signing up with via Facebook, Google. Or, you can also create an account with your email.
You need to input all the detail and create a password for your account. After completing all essential stuff, the user will get a practice account. Users can then convert into a live account by top-up money in the account.
What Will You Get in the Site?
IQ option uses its proprietary platform with a modern design. They have better site navigation from where anyone can start trading smoothly.
There are all the essential features available in their site. It is not a big issue to find the necessary information from their site. Some of the features which are available in the site are-
This is the live data of trading. Users can get the idea of the forex trade market. A user can easily see what is happening with different currencies.
You can observe the increase and the decrease of prices. Because of the live data, it is easy to make an immediate decision if necessary.
There are also some other features of the IQ option which are described below.
IQ option supports a wide range of payment options for the users’ convenience. Users can start with the debit services such as Maestro and Visa Electron, or credit cards like Visa and Master Card.
Also, if someone is not interested in using these payment methods, he can use WebMoney, Cash U, Neteller, and Moneybookers.
There is also available the wire transfer for some countries. The minimum payout of IQ option is only $2. It requires 1 business day for processing the payment.
For the first top-up, users need to pass a verification process which in the EU involves adding the phone number, personal information, trading experience and uploading photo identification. These steps may vary with countries.
Over the past years, we have seen a lot of change in the usage of the device. People are using mobile devices instead of PC. So, it is essential to have some mobile integration feature in a trading platform. IQ option knows this, and they are providing the facility of mobile integration.
There is an app for using IQ option in mobile devices. You need a smartphone for using this app. The app comes with a clean design and a clear graphical interface. This app will show the notifications related to trading. So, there is no chance of missing a single thing of trading.
For keeping the user’s interest, most of the forex brokers have some competitions for the customers. IQ option also has several competitions for the customers. Based on the type of the competition, the prize can vary.
There will be a minimum requirement for taking entry in the competition. However, there is an equal chance for everyone.
So, if you have an interest for the competition to win a jackpot, can start trading with IQ options. There are no fraud activities in this platform. So, you can stay sure about the prize.
When you want to trade without any obstacles, there is no alternative of dedicated customer support. IQ option has a large team of customer care executives.
The site claims that it gives a response to all queries within 46 seconds. Also, it aims to resolve all tickets within 24 minutes.
You will find the support ticket on their site. Whenever facing some critical issues, you can take a support ticket. In case of small issues, you can directly chat with the customer care executives. You can also mail to the support team.
For the VIP account holders, there is a team of customer support specialist. VIP account holders will get preference for solving any issue.
There is always have the related news on the official site. Also, you can learn the whole process in step by step with the education center. There is enough resource for the customers which are suitable for anyone from the beginner to advanced.
Is IQ Option a Scam?
Before writing this review of IQ option, we have researched the official site and tested the features of the site. Also, we have asked the experienced traders in different forex related forum.
Interestingly, we have got lots of positive feedback from the people.
We also have tested some account types. It works smoothly and maintains a higher security system. There is no way of cheating with the clients. So, it is not a scam, and you can start with this trusted platform for binary options trading.
Nowadays, there are tons of platforms for doing binary options trading. But only a few of them are providing the modern technology. IQ option is one of them. They are giving all the facilities that a customer wish from the broker. So, you can start with them without any doubt.