IQ Option is an online trading platform that enables one to trade a wide range of financial derivatives including binary options, stocks, forex, ETFs, commodities, and cryptocurrency.
This broker is recognized to aspire to establish itself by constantly looking for innovations of binary options. Given the presence of many trading sites, due to their assumed usability, there is little need for deposits and an open free demo account. Its use has grown tremendously, and an acceptable strong reputation among traders is rising.
Table of Contents
IQ Option
IQ Option is an impressive desktop and mobile trading platform designed to deliver online budget corporations to customers.
The platform was established in 2013 and managed by IQ Option LTD. The company is headquartered in Cyprus and governed by the Cyprus Securities and Exchange Commission (CySEC). Having an exclusive constructed system, iq options take into consideration the needs of its customers. It is also available in 13 international accents. Due to its range of desirable attributes, which support traders in their business, popularity is growing.
Diverse Financial Resources
It is among the few brokers that promise to swap more than 90 different financial instruments for exchange. Initially, however, as a binary options broker, they are currently offering clients the right to trade the CFDs on bitcoin, ETFs, forex, stocks, and binary options contracts.
Account
IQ Option has two different groups of trading accounts to peruse: Standard and VIP.
Standard Account
In the Standard Account, you will obtain an admission of more than 350 services and 1 business day of withdrawal, with a minimum cash deposit of 10 units. But due to the nature of trading, there is a possibility of capital loss.
VIP Account
Customers who deposit 1900 or more units of money over 2 days are qualified for a VIP account. With an additional-return VIP account, a personalized account manager, and monthly reports, you get upto 3 percent of value. These accounts are only available to non-EEA clients. However, every trading has the risk of capital loss because of the nature of it and absence of proper trading knowledge.
IQ Option Demo Account
The IQ Option demo account needs no outlet, which is a crucial element for testing various techniques and systems without playing cash related disaster. There are also no time constraints for using your account, and you can recover your balance to 1000 units as many times as you need to. This proposal, combined with a small investment, is why this broker has developed so quickly. It is also why the brand draws newcomers and novices. It shows real faith that they have the best trading platform, and that once investors have used it, they will stick with them.
Trading Trends
To direct investors towards profitability, the system has developed a technique called iq option trading patterns. This feature, which can be accessible via the website of the provider, can have a significant impact on the effectiveness of your investment. IQ option trading patterns provides instructional videos on just about every trading trend that exists. It’ll teach you more about using patterns. The tool is very open as it is positioned just off the trading platform.
Charting Resources
To help you make the most of your gains by trading with iq option, the representative provides a variety of charting tools that can help you identify an effective trading approach. The panel, candles, hollow candles, bars, five charting devices are available on the iq option incorporated area.
Tournaments
IQ option’s tournaments are a platform-specific feature. What holds it apart from the tournaments provided by other binary options traders is that it is the most advanced one around. All you have to do to participate in a tournament is to spend an entry fee ranging from 5 to 20 units of cash. Upon entrance, you will obtain virtual money to be used in the tournament. Individual tournaments have varying intervals, which might last anywhere from one day to one month. Your objective as a participant is to make as many profits as you can. The most successful dealer wins the tournament.
Safety
IQ option assures that your money and your private details are safe and protected. It is further strengthened by the fact that the platform is controlled by the Cyprus Securities and Exchange Commission. If you want to test the platform first, the provider will have a demo trading mode.
You can navigate the iq demo account in seconds, all you need is to log in to your social media account, and you can start trading instantly. Since the demo account is intended to educate you about binary options trading. That is more than enough, however, if you only want to test the platform.
Transaction Process
The trading account requires a minimum initial payment of 10 units of money. transactions (deposit and withdrawal) may be made via credit card/debit card, wire transfer, or e-wallets.
World-Class Communication and Support Systems
IQ option succeeds in offering world-class customer support. Their support network can be accessed in many ways, including skype, phone, email, and chat. They are also very able to respond to questions from the customer.
Drawbacks
Although there are numerous positive comments regarding the iq option as a support, there are also a few drawbacks that have been brought to this point. This includes the following:
- A narrower number of markets than certain forex and cfd rivals.
- The auto-build robot/auto-trade feature is disabled.
- No incorporation of MT4
Conclusions
As one of the most advanced and powerful binary options trading platforms on the market, iq option has essentially created a story out of binary options trading. Customer service is very excellent, which comes in the form of email, live chat, and tickets. Their interactive trading platform is the finest around, and its innovative features make iq option popular and recommended to traders of all experience levels, newcomers to make significant progress. Given all these advantages, you should bear in mind that, even though trading is supposed to rake income, you might also lose money by doing so, and the broker is no exception. IQ option investment products also entail high risk, which is why the broker sends a risk notice to all traders.
