IQ Option Review-Welcome Bonus 50%

Score: 96 / 100

Regulation: CySEC
Year Founded: 2013
Minimum Deposit: $10
Minimum Trade: $1
Payouts: 95% Max
Assets: Over 250+ Currency Pairs, Stocks, Crypto, Commodities, ETFs
Financial Instruments: CFDs, Binary Options, Digital Options
Trading Platform: iOS, Android, Windows, and MacOS
Demo Account: Yes
US Traders: Not Accepted

IQ Option is an online trading platform that allows you to trade a variety of financial instruments including binary options, stocks, forex, ETFs, commodities, and cryptocurrency.

This broker was founded in 2013 and is operated by IQ Option LTD. IQ Option has rapidly become one of the most popular trading platforms for traders across the world with over 48,000,000 registered users and over 1,000,000 transactions per day. IQ Option accepts traders from over 213 countries including India, Nigeria, South Africa, The Philippines, Malaysia, Pakistan, Singapore, and many more.

IQ Option is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission).

In this IQ Option review, I'll tell you everything you need to know about this broker to help you decide whether or not this company is right for you.

IQ Option Trading Platform

Unlike other brokers that use a standard trading platform, IQ Option has a proprietary custom-built platform to cater to the needs of its users. The platform is very easy to use and is well-designed. It has many useful features including multi-chart layouts, technical analysis, historical quotes, volatility alerts, market updates, stock screeners, economic calendars, and more. It's also available in 13 different languages.

Within the IQOption trading platform, you can trade a variety of assets and financial instruments including stocks, digital options, binary options, forex, crypocurrencies, ETFs, and commodities. However, it should be noted that binary options are prohibited in the EEA.

In the image below, you can see that the chart is in the middle. The Buy and Sell boxes are on the right-side. Your account balance and the asset you're trading is located at the top of the screen.

On the left-side of the platform, you'll see a drop-down box which allows you to choose which financial asset you want to trade. Your available assets to choose from include Cryptocurrencies, ETFs, Stocks, Options, Forex, Indices, and Commodities. You can browse assets by category or use their search function to find a specific asset.

On the right side of the trading platform interface, you will have the option to enter the amount you wish to trade and whether you want to Buy or Sell. You can also enter a multiplier if you wish to multiply your potential profit by a coefficient. However, a multiplier increases the risk as well. You also have the ability to close the trade automatically if the asset reaches a certain threshold that you set forth.

Mobile Trading

IQOption offers clients the ability to trade options and CFDs using their proprietary mobile application. The mobile app works on Android and Apple iOS operating systems. It is available for download via the Apple Store or on Google Play.

The app is very easy to use and has a very clean and intuitive graphical interface. It has the same charting options that you can find on their regular web-based platform as well.

By using the IQOption mobile app, you can:

Execute Trades
Check Account Status
Stay Updated With Market Developments
Use Charting Tools
Setup Customizable Alerts and Push Notifications
And More

Account Types

IQ Option has 2 different types of trading accounts to choose from: Standard and VIP.

For a standard trading account, just a $10 minimum deposit is needed. Unlike other CFD providers, there are no restrictions on trading functionality. You get access to over 350 assets to trade as well as 24 hour withdrawal processing. You also get access to several trading competitions that are held on the IQ Option platform (only applies to customers outside of the EU).

A VIP trading trading account is only available for clients that deposit $1900 or more within a 2-day period. A VIP account includes a personal account manager, monthly reports on your trading records, and 3% in additional returns. VIP accounts are only available to customers outside of the EEA.

IQ Option Demo Account

Like many brokers, IQ Option offers a free demo account that includes $10,000 in virtual money. There is no limit on how long you can use the demo account for. This offers you the ability to test different trading strategies and to get familiar with the platform before investing real money. If you run out of virtual funds inside of your demo account, you can have them replenished so you can continue practicing.

You don't have to register or give out your personal information in order to access the IQ Option demo. This is not always the case with other brokers, as a lot of companies require you to provide at least an email address in order to gain access to their demo.

Cryptocurrency Multiples

IQ Option has recently came out with a product known as "Cryptocurrency Multiples". The product basically works the same as a leveraged trade, where the price movements of an asset is magnified by a multiplier. Cryptocurrency multiples was originally produced with the idea of Bitcoin X 100. This essentially increased the price movement by 100X times, which created a large opportunity, as well as risk, for traders.

Due to the popularity of Bitcoin X 100, IQ Option has expanded the concept to IOTA, Ethereum, Ripple, and other cryptocurrencies. The multipliers you have to choose from include X20, X50, and X100. However, the cryptocurrency multipliers are only available for citizens outside of the EU.

Deposits

The minimum deposit for opening a real account with IQ Option is $10 USD/GBP/EUR. This broker does not charge any processing fees for depositing funds. In order to make your first deposit, you will have to go through an account verification process which might require photo identification. Some countries will have different requirements than others.

For your convenience, IQ Option offers many different ways to deposit money into your account including credit cards (Visa and Mastercard) and wire transfers. This broker also accepts many different E-wallets including Skrill, Maestro, WebMoney, Neteller, Cash U, and Moneybookers. IQ does not accept Paypal as a payment method.

Withdrawals

The minimum withdrawal amount for IQ Option is $2. In order to make a withdrawal request, you will need to use the same payment method as your deposit because the transaction is processed as a refund. Afterwards, you can choose whichever payment method you want for withdrawals. Bank transfers may incur a small processing fee.

In order to withdrawal funds from IQOption, you'll need to verify your identity. This verification process can take up to 3 days and is necessary to prevent fraudulent activity and to secure your account from unauthorized use.

All withdrawal requests are processed by IQ Option within 1 business day. If you request a withdraw to a bank card, it may require additional time depending on your bank.

Is IQ Option Safe?

Yes, IQ Option is safe. This company is one of the biggest and most successful binary option brokers in the industry with over 40,000,000 registered users. They are also licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission) and the FSA (Seychelles Financial Services Authority). All client funds are held in segregated bank accounts for further security. IQ Option is also a member of the Investors Compensation Scheme, which protects client funds up to a maximum of $20,000.

Can You Really Make Money With IQ Option?

Yes, of course you can make money with IQ Option. In order to make a profit, you have to correctly predict an asset's price movement by the time the trade contract expires. IQ Option offers short-term trades that allow you to make money within 60 seconds if you predict the market direction correctly. Binary options pay up to 95% profit, while digital options pay up to 900% profit.

Is IQ Option A Scam?

Absolutely not! As of 2020, this broker has over 41 million registered users from over 213 countries worldwide. The number of active traders is growing every year and there's no signs of that changing. They also process more than 1 MILLION transactions per day.

IQ Option is a legit broker and one of the most reputable companies in the industry. Their intuitive trading platform is the best around and we highly recommend IQ Option to traders of all experience levels, beginner to advanced.

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