IQ Option

Overview

IQ Option Review Established in 2013 and regulated by CySEC, the binary broker IQ Option is owned as well as operated by Iqoption Europe ltd, Cyprus. IQ Option takes a…

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IQ Option Review

Established in 2013 and regulated by CySEC, the binary broker IQ Option is owned as well as operated by Iqoption Europe ltd, Cyprus. IQ Option takes a “no frills” approach to offering binary options trading services mainly to Russian clients. The binary trading platform provider does not entertain US clients. This IQ Option review will provide you with the information required to make an informed decision as to whether you should open a trading account with them or not.

IQOption Features

  • Min.Deposit : $10
  • Regulated By CySEC, Russian FMRRC
  • Deposit Options: Credit/ Debit Cards, Wire Transfer, WebMoney, Skrill, Netteller, Fasapay, Qiwi
  • Payouts : Up To 92%

open live account binary options

Trading Platform

IQ Option makes use of a proprietary trading platform which is significantly different from the generic platforms that the leading binary brokers often provide. The broker also offers a demo platform for you to practice trading strategies. Whereas most binary options trading platforms employ a slider bar for helping traders choose the amount they want to invest in trade, the investment amount is predefined (USD10, USD 20, USD 50 and USD80) in the case of IQ Option platform. However, you are also provided with the option to decide the amount you want to invest. All you need to do is enter the desired amount into a box. The navigation options are provided on the LHS of the platform. IQ Option also supports mobile trading through apps designed for both android and iOS smartphones. Further, the platform is offered in several languages.

Trade Types

Currently, they offer only the classic High/Low binaries. However, they offer normal trades and faster trades through the Turbo trade feature. During the weekends, they provide you with an opportunity to trade over the counter (OTC) instruments. These are transactions that are made directly between parties without going public.

Payout

The payout offered by the broker is one of the best in the whole of the binary trading industry. If your prediction turns out to be correct (in-the-money expiration of the contract), you can earn profits of up to 92 percent on the amount invested by you in a particular trade. If the price of the underlying asset at the time of expiration of the option contract is the same as the strike price of the asset, the broker would return the value of the option to you.

Account Types

Demo Account Features

  • Absolutely free
  • 13 assets
  • Limited trading opportunities
  • Trading on virtual money

Real Account Features

  • Deposit starts from USD10
  • More than 70 assets
  • Up to 45 percent return if prediction is wrong
  • Full access to trading opportunities
  • Up to 80 percent bonus on each deposit
  • Eligibility to participate in trading competitions
  • Withdrawals are processed in 3 days

VIP Account Features

  • Deposit starts from USD1000
  • More than 70 assets
  • Up to 60 percent return if prediction is wrong
  • Full access to trading opportunities
  • Up to 100% bonus on each deposit
  • Eligibility to participate in trading competitions
  • Withdrawals processed in one day
  • Personal manager

Deposits

You can deposit funds into your trading account using one of the following options:

Bank Wire Transfer

Credit Card

Credit Card deposit over phone

Multi Banco

Neteller

PayPal

QIWI

Skrill

Webmoney

Yandex.Money

Boleto

The minimum deposit you need to make to start trading is USD10. IQ Option does not charge any commissions on transactions. However, payment systems/payment aggregator may charge commissions for transactions.

The minimum amount you can invest in an option is as low as USD1.

Withdrawals

IQ Option specifies a minimum withdrawal amount of USD10. IQ Option does not charge any commissions on transactions. However, payment systems/payment aggregator may charge commissions for transactions.

Asset Index

IQ Option offers as many as 78 different assets for binary trading from the four major asset classes Commodities, Currencies, Stocks and Indices. The details are as follows:

Commodities (1)

Gold

Currencies (22)

EUR/USD

EUR/GBP

USD/CHF

EUR/JPY

NZD/USD

GBP/USD

EUR/RUB

USD/RUB

GBP/JPY

USD/JPY

AUD/CAD

EUR/USD (OTC)

USD/JPY (OTC)

AUD/CAD (OTC)

USD/CHF (OTC)

EUR/JPY (OTC)

EUR/GBP (OTC)

GBP/USD (OTC)

EUR/RUB (OTC)

USD/RUB (OTC)

GBP/JPY (OTC)

NZD/USD (OTC)

Indices

Dow Jones

S&P 500

FTSE 100

DAX

CAC 40

NASDAQ 100

Stocks

Sony

Toyota

Mitsubishi

Allianz

Banco Santander

Societe Generale

ICBC

Barclays

China Mobile

Daimler

Bank of China

Commerzbank

Orange

Deutsche Bank

E.OB

RBS

Vodafone

UniCredit

Sberbank

Baidu

Apple

Cisco

Facebook

Google

Intel

Microsoft

Qualcom

Yahoo!

Bank of America

AIG

Amazon

GM

Citigroup

Boeing

Goldman Sachs

HSBC

General Electric

Coca Cola

McDonalds

JP Morgan Chase

Nike

Morgan Stanley

Rosneft

Pfizer

Chevron

Verizon

Gazprom

Wallmart

British Petroleum

Customer Support

Even though the broker is focusing more on Russian clients, their website is available in 13 other languages. You can contact the company’s support team through email, Skype, Live Chat or the Web form available on their website.

Reliability

As far as the reliability aspect is concerned, IQ Option platform has been found to be operating smoothly without any major hitches. Trades are executed quickly with reasonable accuracy. As IQ Option is a relative new binary options platform provider, there may not be enough number of customer reviews available online.

Pros

Deposit bonuses range from 20 percent to 90 percent

As many as 78 underlying assets from around the world are offered for trading

Intuitive and proprietary trading platform

Minimum deposit required to start trading is as low as $10

Payout offered is very high

Demo account available

High return on out-of-the-money trades offered

Cons

Only High/Low options are offered

Limited number of trading tools offered

Limited track record

Final Thoughts

The low minimum deposit and investment in a trade makes IQ Option ideal for small time traders. The unlimited demo account enables new traders to try out the broker’s trading platform using virtual money. As a result, you will not have to lose your hard earned money in order to get experienced in binary options trading. Further, the possibility of getting back up to 60 percent of your investment in a trade if you happen to make a wrong prediction helps you to minimize your losses to a great extent. If you are an experienced trader who is looking for a different type of trading platform, then you can think of opening an account with IQ Option.

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