Update (July 2017): IQ Option now offers much more than binary options trading. They have introduced Forex and CFDs trading, ETFs, crypto currencies as well as classical and digital options.
IQ Option is one of the best binary options brokers. They are trustworthy and they offer a free, no-strings-attached demo account. And, as you will discover if you continue reading this IQ Option review, they have much more to offer to beginners as well as experienced traders.
Newbies can benefit tremendously from their FREE UNLIMITED DEMO account. It doesn’t even require a deposit or any payment details to use. For those looking for a low-deposit broker, IQ Option is a great choice. Their minimum deposit is just $10.
If you don’t already have an account with IQ Option, it takes just 2 minutes to create one. It’s totally free and you will be able to immediately start trading on a demo account.
The fact that IQ Option does not work with scam auto traders is another indication that they are highly trustworthy. Indeed, many people regard them as one of the most legit binary options brokers available.
Note: IQ Option is not accessible in the United States and a few other countries (see below).
IQ Option Review
IQOption.com is a binary options brokerage firm which is EU-regulated by CySEC since 30/07/2014 under license no. 247/14. Except for being regulated, here are some of the benefits you will get if you sign up with IQ Option:
- They offer a very low deposit requirement ($10).
- Minimum trade size is $1.
- Payouts in case of a correct prediction: Up to 91%.
- A FREE UNLIMITED DEMO account is available. You can sign up and trade without making a deposit.
- Free education and trading pattern section.
- They host exciting trading tournaments. One of my fellow traders was having financial difficulties. After a few days of not hearing from him, this is the message he sent me: “My problem is solved with the help of binary options. I won in the tournament in binary option and got 1896$ by achieving third place using the breakout trading pattern and the martingale trading pattern..”
- More than 10 strategies that will teach you how to become a professional trader.
- Buyback feature can be used to cancel a trade and get a compensation.
- You may deposit and withdraw using credit and debit cards, wire transfers, Neteller, CashU, Skrill, WebMoney, Poli and Qiwi.
- Available expiries: 60 sec, 15 min, 30 min, 1 hour, and many more!
- Mobile apps for iPhone, iPad and Android
IQ Option’s Regulation and Reputation
To make a long story short: this operator has everything going for it. For years, they’ve dominated the binary option scene, thanks to the near-perfect feature package they put together. There was just one shortcoming many traders used to point out: the site did not work with auto-traders or any third-party trading robots. Had it not been for this “issue,” IQoption may well have gobbled up the lion’s share of the global binary option market.
This “issue” of theirs is much more intricate though. It could never have been solved by the opening up of the platform to auto trading. Everyone involved with binary options knows that the vast majority of auto traders are scams. They are associated with various brokers of a dubious moral compass, most of whom aren’t licensed to begin with. A company of IQoption’s stature would never get involved in such shady activities.
Testimonials from real traders
Please let me know if you have any experience with IQ Option and I’ll include your testimonial in this review.
“Also if you have any information about iqoption as binary options broker. I am testing it and has really a very good trading platform, indeed, the best one I have seen, with very a big surface, can display tradings in form either of ticks or of candles up to one minute, some indicators can be used too, trend lines the trading platform can be used in demo account even without having to first deposit any money and a real account can also be opened beginning with 10 euro and trades can be individually selected beginning with 1 euro. They sit in London and they say they are regulated. Offer both 60 second trades and binary options.”
“I have received a call from IQ Option by a gentleman who is providing me with assistance in the matter. I am genuinely blown away by this customer service. I have received my deposit back from IQ Option to my card and the Bankwire transfer currently being processed. The truth is that I should have been a bit more patient with them as they do seem to be doing exactly as promised and for this I am grateful.”
See also an interview with an IQ Option trader.
IQ Option Review Conclusion
If you’re serious about binary options trading, get yourself an account with IQ Option if you don’t already have one.
|Broker name||IQ Option|
|Launched in||founded in 2013|
|Trader demographics||All countries, except USA, Canada, Australia, Belgium, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran. The Android app is unavailable in Malta, Myanmar, Liechtenstein and Cuba.|
|24/7 Support||English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian|
|Deposit/withdrawal methods||Credit Card, Wire Transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto|
|Withdrawal||1 business day|
|Assets||500+ Currency pairs, stocks, indices and commodities|
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IQ Option FAQ
Got any questions about IQ Option? You’re welcome to contact me.
What documents do I have to send in order to verify my account?
You will need to send scanned copies of a government issued ID, a utility bill and a copy of your signed credit card if that is the withdrawal method you are using (hide the credit number, obviously).
Besides binary options, which trading instruments are offered by IQ Option?
For those of you who are looking for high risk, high returns trading instruments, IQ Option makes available more than 10 million options, including binary options, classic options and digital options. Options allow you to speculate on the price dynamics of currencies, indexes, commodities and stocks. IQ Option recently introduced Forex on their platform which allows you to trade 188 forex pairs.
If you prefer a lower risk, then you could try IQ Option’s Stock Trading. This instrument allows you to invest in shares of 7485 of the best performing companies traded on the NYSE and NASDAQ.
The instrument with the lowest risk, but also the lowest returns, would be ETFs. IQ Option provides 4288 ETFs (including such as 6 funds in the Clean Energy category, 17 funds in Biotechnology, 63 in Tech and many more) to help you diversify your portfolio with exchange-traded securities that track indexes, commodities and baskets of assets.