IQoption is awarded as the Most Reliable Binary Option Broker by the experts at MasterForex-V. IQoption is awarded to be the Most Innovated Binary Option Broker at the ShowFX World Conference in Moscow.
Offering traders the best experience in trading binary options, IQoption is known for their 92% payouts on winning trades and a 45% return on the lost ones(!). When you wish to try the platform first, IQoption is the only binary option broker offering a free demo account.
That is: really free! You don’t have to use the credit card to make a deposit to use a demo account (like with GOptions). When you are ready to trade, the minumum deposit amount to start trading is $10. Find out more about IQoption in this review, or go to their website at iqoption.com.
“Clients of IQoption will always get the best terms and services in the market”, stated Andreas Matsas, the CEO of Investlab Holdings. Although they are not the first binary option broker, IQoption is determined to deliver the best trading platform as possible. Until now they have created the best binary option trading solution in the world (they say) using the latest technology. The platform gives traders an easy, smooth and fun trading experience, as mentioned on their website iqoption.com.
Not seen very often is the ability to trade in the weekends. When the markets are closed, the rate of a tradable assets can still change, especially with currencies. Trading during the weekends with IQoption means you are trading “Over the counter” (OTC). OTC trading is trading without the trade going public and remains between the two parties: the trader and in this case IQoption.
“IQ Option’s revolutionary online platform offers simple, innovative methods for trading in binary options” – www.iqoption.com
Who is IQoption?
A quick overview about IQoption can be read in this table:
|Legal Address||Vasileos Pavlou, 60, Agios Dometios, 2360, Nicosia, Cyprus|
|Platform||Own, IQ Option|
|Support service working hours||9:00-23:00, weekdays|
|Profitability||up to 92%|
|Refund||up to 45%|
|Assets||77: Forex, stocks, commodities, indices, Bitcoin|
|Account currencies||Dollars, Euros, Pounds, Rubles (+local currencies for Spain, Portugal, South America, Indonesia, Turkey, and the Middle East.)|
|Demo account||free, trade with a virtual $1000 sum|
|Bonus||up to 150%|
|Deposit & Withdrawal methods||Bank cards, Webmoney, Qiwi, YandexMoney, Paypal, Liqpay, Skrill, Moneta|
|Speed of withdrawals||3 business days, 1 day for VIP|
|Supported languages||Russian, English, Spanish, Portuguese, Indonesian, Turkish, Italian, Arabic|
|Mobile apps||for: iOS, Android|
|VIP-account||for deposits from $1000|
|Personal consultations||Unlimited & free after a deposit over $500|
Compared to other binary option brokers, IQoption is the one offering a great package. Where others require a minumum deposit of $200, IQ Option only requires $10(!). The minimum position is $1 and the payouts of 93% are the highest in the market regarding the common binary options.
- Currency pairs – 12: EUR / USD, GPB / USD, EUR / JPY, USD / CHF, AUD / CAD;
- Commodities – gold and silver;
- Indices – FTSE 100, DAX, CAC 40, Dow Jones, S & P 500, Nikkei-225, NASDAQ100;
- Shares of 50 companies – Barclays, Gazprom, Daimler, Orange, Apple, Google.
Depositing to your account is possible with the regular credit cards or wire transfer. However, our favorite payment is the Skrill payment processor. When you have or open an account with Skrill, security to your funds transfer is very high. Skrill and Paypal are the best payment service processors in the world, but Paypal does not want to het involved with binary options. The reason for this is that they think trading binary options is gambling. Paypal has probably never heard of fundamental analysis, technical analysis or Japanese candlestick to determine what a rate might do? You should go to the skrill.com website to open and a free and secure account with them.
Binary option types
Where other binary option brokers offer a wide range of binary option types like pairs, ladder options or One Touch, IQOption has a very short list of types:
- Binary Options – the common type. Pick an asset, enter an amount and choose an expiry before hitting ‘Call’ or ‘Put’.
- Turbo Options – oh, I am glas IQ has the turbo ones. Trade 60 seconds, this is so exciting.. Speed up your life! �
- Tournament – not a type of option, still available in the platform. 24Option has almost every 3 months a tournament going on. IQ Option too holds a trading tournament and at moment of typing this review you can even win $10,000. There is a buy in like in a poker tournament. To find out is there is a tournament right now, please go to iqoption.com/tournament.
What do we miss at IQ option? Well there are no professional features like Roll Over or Double up. These two can both maximise the profit. The early closure function is also absent, so limiting risk is also not possible in case of the market moving against us.
IQOption Account types
There are three different acocunt types with IQ Options: a free demo account, a real account and a VIP account. The VIP includes an account manager and a monthly analysis of your trading. Do know that with IQOption you get a bonus on each deposit? Usually this is on the first deposit only..
IQOption Review: Conclusion
So is IQoption worth the try or are the not? I think ‘yes’. Especially because they (1) offer a FREE demo account and (2) require a lousy $10 as a first deposit. In addition, IQ also has an educational section on the website covering several trading indicators and trading analysis in a video course.
IQ option offers a solid platform to trade the binary options. Sign up with them and try the demo account first. Get to know the platform and when you are familiar enough with it, give it a try with real money.
ALways keep in mind that you must only trade with money you can afford to lose. Trading the financial market whether it be the binaries or ETF or shares or whatever is tradable, there is always a risk of losing it all. Trade at your own risk.
Some important links:
- IQ Option website: iqoption.com
- IQ Option Android app: play.com/iqoption
- IQ Option iOs app: applestore.com/iqoption
- Skrill payment processor website: skrill.com