IQ Option Review

IQ Option
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Overview

Last IQ Option review update: 25th May 2017 OverviewContents1 Overview2 Trading Platform2.1 Mobile3 IQ Robots4 Types of Accounts5 Assets Offered by IQ Option for Trading6 Minimum Deposit Requirements7 Offered Bonuses/Promotions8… more

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Details

BrokerIQ Option
Website URLwww.iqoption.com
Founded2013
HeadquartersSeychelles
Support Number+44 20 3318 7173 ( UK / Singapore / South Africa / Nigeria ), +65 3108 0941 ( Indonesia ), +49 30 255558698 ( Germany ) , +55 61 3550 0929 ( Brasil )
Support TypesPhone , Email
LanguagesEnglish , Chinese , Portuguese , Turkish , German , French , Norwegian , Spanish , Italian , Russian , Indonesian , Korean , Swedish
Trading PlatformPropietary
Minimum 1st Deposit$10
Minimum Account Size$10
Minimum Trade Amount$1
BonusBroker Not Available
Max. PayoutUp to 91%
Free Demo Account Open Demo
Deposit MethodsCredit Cards , Bank Transfer , POLI , Skrill , Webmoney
Withdrawal Methods Bank Transfer , POLI , Skrill , Webmoney , Neteller , LiqPay , CashU , Qiwi , ideal , Easypay , Fasapay
Trading MethodsDesktop platform ( OSX, Windows ) , Mobile ( Android, IOS ) , Web platform ( Chrome, Mozilla, Safari, Opera )
Number of Assets+100
Expiry Times60 Sec , Over 15 min , 1 Month
Types of AssetsCommodities, Stocks, Indices, Currencies
Option TypesTurbo , Binary , Long Term , IQ Robots
US Traders No
Mobile Trading Yes
Tablet Trading Yes
Overall Score4.0

Pros

  • Minimum Deposit of just $10
  • Free Demo Account
  • Fast Withdrawals ( within 1-3 business days )
  • Voted best Trading App
  • Easy-to-use platform
  • Great Returns

Cons

  • Not accept Traders from USA, Canada, Australia, Belgium, France, Russian Federation, Japan, Turkey, Israel, Iran, Syria and Sudan
  • Not Bonus Offered

Full Review

Last IQ Option review update: 25th May 2017

Important Notice :

IQ Option currently is not available to traders from United States ( USA ).

Check our list of brokers accepting US customers

Overview

IQ Option started its journey back in 2013 and over the last few years they have earned their reputation as one of the reliable binary options brokers in the industry.

IQOption.com is unique in the binary options industry in terms of applying the pure exchange rule. As a result, all orders placed by IQ Option clients are matched immediately within their clearing house, which translate into faster order execution time. Hence, unlike some of the questionable brokers, IQ Option do not bet again their own clients and their only source of revenue is from the commissions they charge.

IQ Option Ltd is based in the Seychelles, with Registration No: 094224.

Trading Platform

Iq robots

The fully cloud based trading platform offered by them is very easy to use and can be operated from any browser. Hence, IQ Option’s customers do not need to install or periodically update any third party software on their computers.

However, professional binary options traders who require faster order execution time may consider to download an offline version of the trading platform.

IQ Option has invested a lot of effort to offer a comprehensive trading package, where users do not need to rely on third party software for any aspects of day-to-day trading. Hence, IQ Option’s trading platform comes fully equipped with advanced technical analysis tools and indicators.

While researching their trading platform, we found that almost all the major technical analysis indicators are included in the software, including Bill Williams’ Chaos trading system, candlestick charts, and many more.

Iq option- EUR/USD platform

This platform is one of the very few brokers in the world that offers over the counter (OTC) options trading during the weekend. Since majority of the exchanges are closed during weekend, the price usually turns very volatile and often offers great opportunities (at a higher risk premium, of course).

So, if you are one of the traders with higher than usual risk appetite, opening an account with IQ Option would give you some great trading opportunities during the weekends.

Mobile

iq-option-app-mobile

 

IQ Option understands that today’s binary options traders are often busy professionals who needs to access the market on the go. To make it easier to trade the market outside the office, IQ Option has introduced smartphone apps with almost identical trading features for both iOS and Android devices.

IQ Robots

Unfortunately IQ Robots will be closed from January 17 due to technical imbalance.

Types of Accounts

IQ Option keeps it simple by offering a single type of live options trading account that incorporates all the 70+ available assets.

IQ Option mostly offers short-term trading options from 15 to 45 minutes. But, under the Turbo option, traders can also find options that expire within 5 minutes.

IQ Option understands that new traders need a lot of practice and to facilitate the screen time requires to become a skilled options trader, they have introduced a free demo account that comes with $1,000 paper funds to trade with.

Assets Offered by IQ Option for Trading

Binary options traders will be delighted to find that IQ Options currently offer all the major currency pairs for trading. The list of pairs includes, EUR/USD/USD/CAD, AUD/USD, EUR/NZD, EUR/AUD, AUD/JPY, EUR/CAD, EUR/RUB, GBP/CAD, GBP/USD, EUR/GBP, GBP/CHF, GBP/AUD, NZD/USD, CAD/CHF, CHF/JPY, USD/CHF, GBP/JPY, USD/JPY, USD/NOK, USD/RUB, and AUD/CAD.

Besides popular Forex pairs, IQ Option also included number of global company stocks in their portfolio such as:

AIG, Apple, Baidu, Barclays, BMW, Bank of America, Brent Oil, Cisco, Citi Group, Coca Cola, Commerz Bank, Daimler, Deutsche Bank, Ferrari, Gazprom, General Motors, Google, Goldman Sachs, Hang Seng, Intel, JP Morgan, Lufthansa, McDonalds, Morgan Stanley, Microsoft, Nike, Rosneft, Sferbank and SMI. Traders will also find a few of the major indices and Bitcoin Index on the platform.

Last but not least, IQ Option offers Gold trading against the US Dollar under their commodities section.

Minimum Deposit Requirements

You can start trading with IQ Option for as little as $10. But, IQ Option does impose a maximum daily deposit limit of $1,000,000.

Offered Bonuses/Promotions

According the new strict CySEC regulations, IQ Option can’t offer deposit bonus anymore from 1st December.

Payout

While many brokers have confusing variable payout ratios, IQ Option has decided to keep only two fixed payout ratios based on the timeframe of the options. They currently offer up to 91% payout for options expiring in less than 5 minutes. On the other hand, traders can get up to 67% payout for options expiring from 5 minutes to 45 minutes.

Regardless, IQ Option’s trading platform will always display the exact payout ratio on the order execution screen so that the users can be certain about the profit level before they decide to place the trade.

Deposit and Withdrawal Methods

They have included most popular payment systems for funding the account. Users can deposit funds by traditional methods such as credit cards (Visa and MasterCard). However, they also have the option to use various e-wallet providers like WebMoney, POLi Internet Banking, Skrill, and Neteller. Moreover, they can send the funds directly to IQ Option’s bank account via international wire transfer.

Customer support

They  primarily offer customer support via their dedicated 24/7 phone number +44 2033187173. But, you can also reach their support desk by email at support@iqoption.com.

IQ Option is rare in terms of offering customer support during the weekends. However, they do it because of their OTC market remains open even after the global markets close at the end of the work week on Friday.

In case you are in a mood to explore the beautiful islands of Seychelles, you can pay a visit to IQ Option’s office at Global Gateway 8, Rue de la Perle, Providence, Mahe.

Geographic Coverage

IQ Option work with traders from 176 countries around the world, including Austria, Brazil, Cambodia, China, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Indonesia, Ireland, Italy, Jamaica, Kenya, Kuwait, Latvia, Malaysia, Malta, Mexico, Mongolia, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Philippines, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Sri Lanka, Sweden, Switzerland, Thailand, Tunisia, United Arab Emirates, United Kingdom, Zimbabwe, etc.

IQ Option & USA

IQ Option follow strictly the regulations in all countries and unfortunately they can’t accept traders from United States ( USA ) by now.

IQ Option Review: Summary

They have leveraged its awesome trading platform to capture a large portion of the offshore binary options market over the last few years. Since 2013, their growth rate has remained nothing short of astonishing.

All customer funds of IQOption are deposited segregated accounts, which provides traders with the added protection and security in case of any financial turmoil.

We found that IQ Option’s mobile trading apps really complement the trading platform. In fact, when you move away from the work desk, you would feel right at home on the smaller screen!

This broker would be a good choice for any binary options trader who is looking for a well-regulated broker that offers a cutting edge trading platform.

Customer Reviews on IQ Option

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IQ Option Ltd
Average rating:  
 1 reviews
by Jim A. on IQ Option Ltd
Excellent platform
Pros: good payout, free demo
City,Country: Marina Area, Singapore

I love binary options trading at IQOption.com.
Firstly they provided me a free demo account to test its platform, and currently I'm already making extra income with my real account.

Asif Imtiaz

Asif worked as a prop trader for almost a decade, and later he managed trading operations for one of the largest foreign exchange strategy developers in Europe. Currently, he works as a trading consultant to several brokers and writes about various tech and financial topics. You can reach him at contact@asifimtiaz.com
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