IQ Option Review
There has been an explosion in brokers offering binary options. This can make it exceptionally difficult to choose the right site and business to trade with or against. To help navigate your way around all the different options, it is best to look at some of the potential sites as focused on by a review company; this will provide you with an unbiased view of their services. This review deals with what IQ Option has to offer.
IQ Option has been trading since 2012 and has slowly built a following, who generally seem to be happy with the service the site offers. It is based in the Seychelles and uses its own software; the IQOption. It provides impressive estimated rates of return of over ninety percent with a promise to provide a bonus which will match your deposit; although your initial deposit can be as low as $10. It is possible to trade with as little as $1. There is also an excellent mobile service which deals with almost any currency in the world.
Excellent bonus for your initial deposit
Wide range of options
Good rate of return
Very user friendly website
Very low deposit and trade limit
Regulated by CYSEC
The company offer all new users a trial account which will give you the opportunity to test the software and your investing skills.
Customers from the USA, Japan, Sudan, Iran, Israel, Syria and even Canada are not accepted.
Signing Up for an Account
This is actually surprisingly easy! From the main homepage it is a simple click and a short form. The form requires your basic details and you will need to provide proof of identity. You will then be able to make your first deposit and start trading!
The incredibly low minimum deposit allows anyone to try binary options.
There are actually a huge number of bonuses offered by this firm. You will receive a bonus when your trading amount hits specific milestones; you may not always be aware that you are about to get some free money! You can also get a 100% bonus against your initial deposit amount; this can help you to experience binary options trading with very little risk. Even depositing just $10 you will receive $8 start up bonus!
The Real Account
To qualify for this account you need to deposit between $10 and $999. You will be able to trade any asset and can benefit from cashback of up to 45%. You will also be given access to weekly market information and you can even enter the regular competitions. You will also get a sign up bonus and deposit bonus of up to 80%.
If you are depositing over $1000 you will qualify for this account where you can get up to 60% cashback. As well as everything in the real account you will be able to take part in the VIP webinars. You will also get a bonus which matches your initial deposit when you sign up and when you deposit additional funds.
If you have the VIP account you will also be assigned a dedicated member of the team to discuss your strategies with. This strategy can also be shaped and improved through a regular meeting.
Learn the Process
IQ Option was actually the first broker to offer a demo account for free. Access to this account allows you to become familiar with their software and start trading without risking any of your own funds. It is now commonplace for most brokers to offer this with their accounts.
Being able to access the demo will allow you to experience binary trading and you will be able to avoid making some of the most common mistakes; through the training available on the demo module and the ability to learn without risking your own funds.
Another way of learning the best way to trade is to use the interactive tools which are provided for free to account holders. The philosophy behind supplying a range of learning tools is that more traders using this app will be successful as they are able to educate themselves about the types of trading they are doing. This will attract more traders to the site and increase the earnings for the website.
They also offer a variety if webinars, e-books and tutorials, all for free! It doesn’t matter what your skill level is, they will be able to help you.
There is a huge range of assets available with IQ options; these include some of the most popular stocks on the market. You can trade in almost any type of asset.
IQ Option has designed their trading platform; making it one of a kind. It is designed to be easy to use and follow to help ensure traders can focus on the market and not using the site. It has worked exceptionally well. The menus are easy to find and there is even a zoom function as well as the ability to customize your screen.
This platform can accommodate any trade between $1 and $1000, there are a huge amount of options, you can choose according to the level of risk you are prepared to take. Trading is a simple as signing in and tapping on the link for the trading page. You can then select the option and the asset and follow the onscreen instructions; within a few clicks you will have completed your trade.
Rate of return
Anyone trading in binary options is looking to make money on their investments. IQ Options does as much as it possibly can to ensure you are able to place trades which will give you a good rate of return. The site promises returns of over ninety percent; this is easily achievable with a little practice.
IQ Option will allow you to deposit or withdraw funds via a wide range of options; there will be something that suits your pocket. Withdrawals generally be sorted within three working days; a fairly standard length of time. You will need to send additional proof when making your first withdrawal.
This is the one area that needs some improvement. The support team is friendly and helpful, but, they are only contactable via email. It is not possible to call them or use Live chat which makes it impossible to get a fast response when you need urgent advice before a trade.
Despite this it is an excellent site that almost anyone would want to use to ensure they get the most out of each and every trade. Residents of the USA and Japan are unable to use the site; unfortunately for them.
Perhaps the best thing about what IQ Option is offering is the incredibly low deposit required. This makes it possible for almost anyone to start trading and experience it for themselves. The firm is regulated by the CySEC which can provide you with confidence that they are run properly and are completely above board.
Their unique approach to educating their account holders gives them an edge that no other broker has at present. It is for this reason and their dedication to improving their service that they have become so popular. They have chosen to register with CySEC and are bound by the regulations which cover all European firms and binary traders. This is a clear sign that they have good intentions and are looking to be a presence in the markets for the long term.