IQ Option Review – Better Trading Platform for Binary Options, Crypto, Forex, CFDs!

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Contents

IQ Option review – What to expect from the broker

We have tested one of the world’s fastest-growing online trading platforms, IQ Option. Keep reading to find out everything there is about the broker!

IQ Option offers a unique trading platform for FX Options and CFDs on forex, cryptocurrencies, stocks, indices, commodities and ETFs. Professional clients or traders outside the European Economic Area can trade there also binary and digital options. The CySEC regulated IQ Option company that allows real trading starting at $10 appeals to new and existing clients mainly with its ultimate trading platform, and competitive fees (spreads). New traders can set up a FREE Demo trading account at any time.

General Risk Warning: 87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about IQ Option

  • Website:https://iqoption.com/en/
  • Trading instruments: FX Options, CFDs on forex, cryptocurrencies, commodities, stocks, etfs. Professional or traders outside EEA can also trade binary and digital options
  • Minimum deposit: $10
  • Minimum investment: $1
  • Demo account: Yes, free of charge, reloadable. No deposit required.
  • Methods of deposit and withdrawal: Skrill, Neteller, WebMoney, Bank Wire Transfer, Credit/debit cards
  • Operator: Iqoption Europe ltd. (Cyprus). Regulated by the CySEC.

Unlimited Free Demo Account in 5 seconds

The most frequently used account when first trading on the IQ Option platform is the demo account. It allows you to test whatever you need – the platform, strategies, etc.. This account is cost-free, the broker does not require any initial deposit. Once you establish your demo account you will be provided with $ 10 000 play money to trade with for as long as you need since the demo account is not time-limited. You are also granted access to the broker’s extensive educational centre. I have exported for your convenience a registration form that can be used to open a free IQ Option practise account, here it is:

(87% of retail CFD accounts lose money)

Real Account can be opened with as little as $10

The IQ Option real account requirements are slightly different in comparison to the accounts of other brokers. The minimum deposit is as low as it can get – $ 10. The lowest possible investment is only $ 1, so if you wish to trade small amounts you are free to do so. The advantage of these very precisely adjusted investments is that you can easily follow your money management strategy which is very hard to do using other platforms that usually require a minimum deposit of $100, $200 or more.

International support, account currency, prohibited countries

IQ Option is an international company that opens its doors to traders from around the world. They provide support in the 14 following languages – English, French, Italian, Spanish, Portuguese, Chinese, Korean, Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian. On top of that, clients who choose this broker can finance their account not only in USD, GBP, or EUR, but also in: Brazilian Real, Malaysian Ringgit, Chinese Yuan, Indonesian Rupiah, Vietnamese Dong, South African Rand, Philippine Peso and Thai Baht.

IQ Option accepts clients from all countries with the exception of Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Russia, Sudan, Syria, Turkey, and the USA.

IQ Option Trading Platform – Basic information

The IQ Option trading platform offers a very fast, clear and modern solution for its clients. The trading platform can very well stand-alone as the only tool for your analysis as it features all the things a trader needs to have at his hand. That includes all the popular indicators (RSI, BB, Stochastic, etc.), graphical tools (trend, horizontal and Fibonacci lines…), historical quotes and of course a multi-chart layout. To stay up to date with the news, traders can use on the platform volatility alerts, market updates, stock screeners, calendars and newsletters.

Currently, there are over 110 video tutorials that traders can use to understand how certain indicators work or to watch the news. The broker also offers an Android/Apple application very similar to the computer version that you can download to your smart device. Regarding the leverage and spreads, they both differ depending on the traded asset.

Assets you can trade on the IQ Option platform

The IQ Option trading platform features a wide variety of trading instruments, these include FX Options, CFDs on forex pairs, cryptocurrencies, stocks, indices, commodities and ETFs. Clients who come from non-regulated countries (most countries outside Europe) or European traders that are classified as professional traders can also trade binary and digital options. The number of tradable assets tends to change as the broker frequently add new ones to the platform. As of now, there are 17 cryptocurrencies, 87 Forex pairs, 169 Stocks, 21 ETFs, 10 Indices and 6 commodities which can all be traded as CFDs.

IQ Option Chart analysis – Indicators, templates, lines

The IQ Option platform is one of the most sophisticated platforms for fundamental analysis out there. It features nearly 90 indicators and oscillators for you to use on the charts. They are fully customizable, allowing you to change anything from the period (the number of candles/bars on which is the calculation of the indicator based on) to the colour and even thickness of the lines. Some of the available popular indicators also include text or video guides on how to use them when trading.

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Once you set to your indicators the setting you want to frequently use, you can create a template. By doing so, you will be able to quickly apply the template to any chart whenever you want.

In total, there are 4 chart types to choose from, the one that is set on default is the line chart. However, there is an option to switch to bars, Heikin-Ashi or to our favourite candlestick chart. Indicators and good-looking charts have their place in fundamental analysis. However, on the foundation of fundamental analysis stand lines that you can use to draw support and resistance levels, trends or other important lines. Fortunately, the IQ Option platform does not forget about graphical tools like basic lines, trend lines, horizontal lines, vertical lines or Fibonacci lines.

Timeframe on the IQ Option platform

To change the time frame of your graphs, you can choose from 18 popular time intervals. They range from 5 seconds to 1 month. There are 3 ways how you can set a timeframe of your chart. The first option is to click on a time period that is featured right below your chart.

Selected 1-hour time-frame

The second way how to choose your timeframe is to click on the time interval button that is situated on the left bottom of your chart. This option can be chosen only if you have a candlestick or bar graph, it does not work for the line chart. Here, you select what time interval should each candle or bar represent. So, if you choose 5 minutes, each candle/bar will represent 5 minutes of market movement. That means the chart at which you will be looking is going to show you the asset movement of the last 3 hours.

The third option is to just simply use the scroll wheel on your mouse. If you scroll up you “zoom-in” and the time-frame gets smaller. Guess what happens when you scroll down :).

Simple way to use multi-chart layouts

In case you want to monitor more than one asset at the same time, you can take advantage of the multi chart layouts that the platform features. Towards this purpose, use the chart layout icon that is situated right next to the IQ Option logo. Once you do that, choose a layout that you wish to use. To change an asset in your multi chart layout, just simply click on its name and select a different one.

Manage your risk with position auto-closing feature

The position auto-closing feature on the platform works as a stop loss and take profit. This tool can be set to a specific profit/loss amount, percentage number or asset price. When it reaches or drops to the figure you specified, the trade automatically closes itself. By using this feature you secure your positions and you know that you will not lose more money than you are willing (or secure your earnings). Recently, IQ Option also added to the trading platform “Trailing Stop” that makes your stop-loss dynamic. A position with activated trailing stop moves the stop-loss threshold up (in case of a BUY deal) or down (in case of a DOWN deal) if the market experiences a trend.

Trailing stop explained on a simple example – Let’s say you buy a stock (CFD) of a company called ABC for $10 and you activate trailing stop with a 10% stop loss. In case the value of the stock dips by 10% the position will close itself and IQ Option returns you $9. If, however, the stock goes up to $20, the trailing stop will come up along with it. Which means when the stock price is at $20, the stop-loss will trigger once the value of the asset is below $18. I would recommend trying this wonderful feature to anyone as it helps you to manage your risks even better than just simple SL.

Market analysis – News, Forex & crypto & earnings calendar

Doing your fundamental analysis is also possible with IQ Option as they feature breaking news and important announcements right on the trading platform. To access them, head to the left menu and click on market analysis. The news is sorted into 4 main categories and comes from high authoritative sources like Investopedia, Yahoo Finance, Forbes, CoinSpeaker and many others. By using this feature, you will never miss important news about the forex, stock, crypto or commodity market.

Leaderboard & Live chat with other traders

If you want to compare your success to other traders on the IQ Option platform, you can. The feature that allows it can be found in the left menu of the trading room and is called “leaderboard”. Here, you will see the gross profit that traders made over the week, the metrics include transactions executed only on real accounts.

A great thing about the stats is that you can monitor your worldwide position as well as the position you have in your country. Unfortunately, the feature shows only the gross profit which means you have no idea how much money the traders lost while achieving their rank. I, therefore, don’t find any special or deeper use for the IQ Option ranking system. It’s just simply a comely feature to look at for fun.

To connect traders on the IQ platform, the company, also created a live chat where traders around the globe share their ideas and achievements. Live chat with other traders is available to all users who have at least a trading volume of $300. There are few general groups that discuss basically anything, no matter the asset type or sector. Discussions on the theme of specific popular assets like Bitcoin, Microsoft stocks, gold, et cetera. are also held on the platform. Sadly, they just don’t have that many participants so don’t expect a big queue of pro traders waiting to spread their ideas.

Which is better? IQ Option web platform vs Windows, iOS and Android applications

The IQ Option trade room can be accessed either via the web-based platform or by using applications designed for Mac OS, Windows, iOS or Android. The web-based platform and Windows application look and function exactly the same. The only difference in the two is according to IQ Option in the speed of the platform which should be up to 5 times faster in the app.

On mobile devices, it is, however, a different story. While the basic functions like opening and closing positions work perfectly fine both on the web platform and Android/iOS app, the interface is not especially friendly on the web platform and operating with graphs is at best complicated. So, if you plan to trade on your smartphone I would definitely recommend downloading the IQ Option app, here is a comparison of the web-based platform and android application.

IQ Option trading hours

Almost no asset is tradable around the clock and some asset types can be actually traded only for a couple of hours during the day. To know exactly when you can trade your favourite asset, I advise visiting the https://eu.iqoption.com/en/trading-hours-and-fees page where this information is disclosed. Market hours of all assets are displayed in the UTC +1 time zone. That means if you are located e.g. in the UK, you live in a time zone that is not 1 hour ahead (UTC + 0) as IQ Option is. So, if you find in the IQ Option trading hours table that the Microsoft stock (CFD) can be traded on Monday from 15:30 to 19:00, you will be able to trade this asset when your clocks display 14:30 – 18:00.

IQ Option fees

It is crucial for each trader to understand what fees IQ Option charges. Unlike some other CFD providers, IQ Option has a no-commission policy, which means there are no fees e.g. for the execution of trades. What the broker will most likely charge you with is the spread and in certain circumstances with the overnight fee. There are, however, also 2 other fees, the inactivity and withdrawal fee. Now we will closely discuss each, so you could fully understand when the fees are charged and how big they are.

Spread for forex and CFDs

The spread fee is the difference between the price for which you buy an asset and for which you can sell it back. IQ Option spreads are not as competitive as at Plus500, but they are still fairly tight. The general rule of thumb is that the more popular asset you trade, the lower the spread is. You can find spread for each and every forex, cryptocurrency pair or stock… in the menu where you pick a new asset. The spread is there, however, displayed in percentage, so if you want to know how many pips the spread is you have to open the asset and have a look at the left bottom corner of the chart.

Major currency pairs EUR/USD 1 pip
Minor currency pairs EUR/GBP 2.9 pips
Exotic currency pairs USD/NOK 48 pips
Stocks BMW $0.132
Cryptocurrencies Bitcoin $281.22
ETFs QQQ Trust $0.348
Commodities Gold $1.12
Indices AU 200 $9

The data were taken on 28.11.2020 at 13:13 GMT+1.

The IQ Option spread is based on the current market conditions which means it changes in real time. The table above is to be used just give you a general idea where the spreads might hover.

Overnight fee

The second expense is an ongoing fee and is charged to every position that is opened overnight. This fee is also known as the swap fee and at IQ Option it ranges between 0.003% – 0.015%, in extreme circumstances up to 0.6%. It is also important to note, that the swap fee is 3 times higher than the normal swap fee from Friday to Saturday. Up to date information regarding how big the overnight fee is for all assets and when it’s charged can be found on the page https://eu.iqoption.com/en/trading-hours-and-fees.

Inactivity fee

The third fee IQ Option charges whenever a user is inactive for a period of at least ninety (90) consecutive days. The charged amount is €50*. Be aware that they charge this fee each month once the account is not active for the above-mentioned time period. In a situation when there are not enough funds on the account to pay this fee, the inactive fee is not charged as your account balance cannot get into negative numbers. Remember, however, that if your account does not have enough resources to pay this fee and stays inactive for 12 months, they will charge a lower amount to cover administrative expenses and close the account completely.

In case you plan to take a break from trading on the IQ Option platform, I would advise withdrawing your funds, especially when there is no fee for almost all withdrawal methods.

Withdrawal fee

The last, fourth, fee which you can encounter with is a withdrawal fee. This one, however, applies only to bank transfers and is 25€*. If you use other payment service providers such as the Neteller, Skrill or Webmoney, then no withdrawal fee is charged to your account.

*or equivalent of this amount in a different currency.

IQ Option leverage for Forex, Cryptocurrencies, CFDs

Each asset category can use different financial leverage. It also differs for traders from regulated and non-regulated countries (and professional traders). Here is a table describing the leverage (up to) of each asset category.

Asset category Regulated countries Non-regulated countries
Major currency pairs 1:30 1:1000
Minor and exotic currency pairs 1:20 1:300
Stocks 1:5 1:20
Cryptocurrencies 1:2 1:100
ETFs 1:5 1:20
Indices 1:10 for HK 50, 1:20 for others 1:150
Commodities 1:20 for Gold, 1:10 for others 1:150

The table was updated on 29.03.2020 for which it is accurate. As regulated countries are regarded countries from the European Economic Area.

Why is leverage different for traders from regulated and non-regulated countries?

The obvious question after going through the table above, right? Here is the deal. In the EU, all regulated brokers have to follow the new ESMA law which states the maximum leverage for each asset category a broker can offer. In non-regulated countries, a law that would set the maximum leverage does not exist and therefore the broker can make this decision on its own. We all know that leverage can multiply our winnings as well as our losses and because ESMA wants to at least somehow limit the risk that EU clients take, they established this law.

Where do I find leverage on the IQ platform? oh, Multiplier!

If you wonder where do you find leverage on the IQ Option trading platform, head to the main tab where you select a new asset, here if you choose e.g. forex you will see several currency pairs looking similar to this example:

Now, you might have noticed that there is no such thing as leverage on the picture above, that is because the broker calls it as a multiplier, but it is exactly the same tool.

IQ Option – Financing your account

Once you decide to trade with real money, you can use the following deposit and withdrawal methods when financing your account: Credit and debit cards, Neteller, Skrill, Webmoney, Paypal and bank transfer. In certain jurisdictions, IQ Option tends to support also some additional deposit and withdrawal methods which are popular in that given country (for example Advcash, WeChat Pay, AstroPay…)

Remember that the same method you use for your deposit also has to be the same one you use when you request a withdrawal.

I would personally advice using e-wallets for funding your account as there are no fees for both deposits and withdrawals + the deposits are processed instantly. Credit and debit cards are also a good alternative but remember that you will be able to withdraw to the card only the total amount of the deposits you made over the last 90 days. It is so because card withdrawals can be processed only as refunds. That means all amounts surpassing your deposits (i.e. your profit) has to be withdrawn to an e-wallet or via a bank transfer.

How to deposit funds

In order to deposit funds to your real account, you need to first go through the verification process (described in detail below). Once your account is verified you are all set and can deposit your desired amount. The minimum IQ Option deposit amount is 10 USD/GBP/EUR.

IQ Option has no deposit fee policy (no matter what deposit method you use). If you, however, deposit via a bank transfer, make sure you know all the fees that might your bank charge you with.

How to withdraw your money

The withdrawal process is pretty straightforward, you just enter the amount you want to withdraw in the banking tab when you are logged in your account. IQ Option charges no withdrawal fees with the single exception of a wire transfer. E-wallet withdrawals are processed in a couple of seconds, wire transfer and card withdrawals are processed within 24 hours. The IQ Option minimum withdrawal amount is $2.

IQ Option account verification

IQ Option is a fully licensed company and as such it must verify the identity of each user before he/she opens a real account. Regulatory bodies (like the CySEC or FCA) implemented this rule because people have complained in the past that brokers don’t let them withdraw their money (because clients did not submit required documents).

The good news is that you only do this once, and then all withdrawals and deposits are quick and easy. The broker has to verify both your identity and your residence, so they ask for the following documents:

  • Identity card, national passport or driving license (to verify your identity)
  • A household utility bill, such as gas, electric, water or landline telephone (but not a mobile phone bill), or a bank statement showing some transactions (to verify your address)

The document proving your address cannot be older than 6 months and your name, as well as your address, have to be clearly visible. If you have, for example, internet banking you will surely find there a statement which you can use to verify your address of residence.

In case you have decided to fund your account via a credit or debit card, you also have to submit a copy of both sides of the card. For your own safety, you are free to cover the CCV number (the three numbers situated on the back of your card). IQ Option needs only the first 6 and the last 4 digits of your card number.

The verification procedure takes 3 business days as the IQ Option support needs to check all submitted documents individually.

IQ Option history & When it all began

The founder and CEO of the company is Dmitrii Zaretskii who laid the first stone of the company in October 2020. IQ Option experienced consistent growth in the number of active clients and trading volume ever since. Here is IQ Option in numbers:

IQ Option Regulation

IQOption Europe Ltd is licensed by the CySEC under the license number 247/14, a regulatory body which ensures that the company follows all the Cyprus and European Union laws and regulations. Furthermore, IQ Option Europe Ltd. is also in the following registers:

  • In the register of FCA (UK’s financial regulatory body) – Reference No. 670182
  • In the register of Consob (Financial regulator of Italy) – Registration No. 0008204/15 (Press Ctrl+F and enter “0008204/15” to find IQ Option in the register )
  • In the register of CNMV (Financial regulator of Spain) – Registration No. 3867
  • In the register of Regafi (Financial regulator of France) – Registration No. 75119
  • In the register of AFM (Financial regulator of Netherlands) – Please visit www.afm.nl
  • In the register of ČNB (Financial regulator of the Czech Republic) – Please visit apl.cnb.cz

IQ Option customer service

In case of any enquiries, you can contact the IQ Option customer service which can be reached out via online live chat (24/7), phone or email. From my experience, I know that the support team replies always very swiftly so you must wait for your answer a maximum of 5 minutes (usually it is rather around 1 minute). Unfortunately, quite often the first guy that they connect me with is not able to provide me with the answer I am looking for. Which means that my questions are either too complex or that the first guy on the live chat is not very experienced. No matter which, I always get my answer even if it means I have to communicate with more people. So, I appreciate that they do everything that is in their power to help me.

The conclusion of our IQ Option review

IQ Option is currently one of the most popular companies among traders as it very recently welcomed its 35 millionth client. One of the biggest advantages that I see in IQ Option is that the trading risk is entirely in your hands. Firstly, it’s because you can use a free refillable demo account without having to make an initial deposit, and secondly, because you can create trades with just as little as $1.

On the other hand, each brokerage company has its drawbacks and IQ Option is not an exception. The biggest one I see is the number of stocks that the broker offers, which hovers around 170. In Comparison to Plus500 that has on its trading platform around 1 400, this is really quite low.

Final verdict: If you are looking for a safe option with a state-of-the-art trading platform, IQ Option is definitely a choice to consider.

I recommend testing the company at least via a free reloadable demo account that can be created within 30 seconds.

87% of retail CFD accounts lose money.

Your review can make a difference to other traders, please leave a comment if you have any personal experience with IQ Option.

Binary Options Brokers

Binary Options Brokers in the USA – Trusted Binary Options Brokers

Constantly challenging ourselves to deliver more to our clients

What are binary options brokers

We review the best binary options brokers worldwide. Hi, this is BinarySignalsPro, and today we will discuss how to choose a binary option broker and what is the best broker for binary options for you, whether you are in the US or Australia, or elsewhere.

Currently, there are more than 450 trading platforms or brokers. This was not the case in 2008, when binary options trading began, as there were about 10 trading platforms that were good, as they created High Competition.
The emergence of many brokers, which is beneficial for investors in terms of more bonuses and higher profits.

Best Brokers and Investment Companies 2020

Trade with the best binary options brokers on the market:

If anyone does not know: a binary option is an “all or nothing” option; This option with a fixed price, which, depending on the pre-agreed condition, either provides a fixed income, or does not bring anything.

Brokers Rating

Brokers, rating of investment companies – All brokers and investment companies. The broker rating is an intuitive, functional and convenient tool for a trader who chooses an exchange broker.

The main purpose of the rating is to compare brokers and choose the best investment companies. Each visitor to the site, regardless of whether he is a novice or a professional, is invited to vote for the best brokerage company from his point of view. We also recommend that you review our Binary Options Brokers rating.

The rating of brokers is not responsible for errors in the information provided. To get the latest information, visit the website of the broker or investment company.

TeleTrade-DJ Ltd Sharp ECN Forex Account

IQ Option – CFDs on stocks, Forex, Cryptocurrencies

24option Broker Access the financial markets all in one place

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Broker HighLow Markets Get a $50 cashback sign-up bonus

Online Trading with Binary com Broker

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At Binomo you can invest in transactions starting at $1 with returns of up to 70%.

Get More than a Forex and CFD Trading Account at XM

easyMarkets® technology breaks not only the administrative barriers, but also the minimum monetary entry level. With our system the user can open a position for as little as 25 USD.

EuropeFX Personal Client Area Broker

Prestige Financial Markets. Why Should You Choose to Trade with Us?

For many traders, US brokers are the benchmark for reliable and high-quality trading in binary options. This is due to the fact that regulators closely monitor the investment activities of the United States, and the requirements for investment companies are very strict.

Thus, the choice of a broker in the US market is an additional guarantee of the security of the invested funds. It is from these considerations that large investors prefer US brokers with extensive experience in the market. As far as this is true, everyone must decide for themselves, but the US regulatory bodies, such as the CFTC, which are subject to US brokerage funds in the stock market, are already a guarantee of the company’s reliability.

The following list of binary options brokers in the US contains the most significant brokers that can provide services to traders from the United States. Choosing DC, you should consider all options, and if the broker is trustworthy, but territorially located and registered in the US, this is not an excuse to refuse to cooperate. Many brokers have sites in different languages ​​and are happy to see customers from all countries, so they provide quality technical support in all languages.

The rating of American brokers, presented in the list below, contains the most respected companies with a good reputation.

IQ Option Review

Overview

The IQ Option company has set a goal to create the best solution on the market. Working with the IQ Option traders, you get access to a new and innovative platform for binary options.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Details

Broker IQ Option
Website URL www.iqoption.com
Founded 2020
Headquarters Hinds Building, Kingstown, St. Vincent and Grenadines
Support Number +357 25 262 010
Support Types Online chat, e-mail, calls (Support 24/7, 14 languages)
Trading Platform Self-developed trading platform
Minimum 1st Deposit $10
Minimum Trade Amount $1
Maximum Trade Amount $20 000
Payout Up to 91% *
Leverage 1:1000
Spread from 0, 007 points
Free Demo Account Open Demo
Fees
Fee Info Only for withdrawals via bank transfer (31-93 USD, no minimal amount)
Deposit Methods Visa, Master Card, Wire Transfer, Skrill, Qiwi, WebMoney, Fasapay, Neteller, Boleto
Withdrawal Methods Visa, Master Card, Wire Transfer, Skrill, Qiwi, WebMoney, Fasapay, Neteller, Boleto
Number of Assets 500+
Expiry Times 60 sec, 2 min, 5 min, 10 min, 30 min, 1 Hour, 3 days, 1 week, 1Month
Types of Assets Indices, Commodities, Currency Pairs, Stocks, Forex, Equities, Cryptocurrencies
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.8/10

Additional Information

  • Download the iOS mobile app
  • Download the Android mobile app
  • Download the iOS IQ Option Forex mobile app
  • Autotrading: no
  • Training: yes
  • Analytics: yes
  • Affiliate Program: yes (Registration)

Full Review

*Amount to be credited to account for a successful trade.

«General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose».

«Digital and binary options are prohibited in EEA».

One of the advantages is that the broker IQ Option follows all regulatory rules to ensure secure trading.

Options of the broker IQ Option

The leading broker offers its users profitable trading in foreign currencies on one of the largest and most liquid financial markets – Forex. Cooperation with IQ Option is an excellent opportunity to receive a stable income from Forex trading on the best terms: the trader can count on a large selection of volatile assets, narrow spreads, fast execution of orders, hedging, a free demo account and fast transactions within the system. Additionally, there aren’t any commissions or slippage. Today it’s one of the most ideal conditions for trading on the market.

All the main operations are carried out on a perfect platform, which appears to be the development of the broker IQ Option itself. The platform has made trading a comfortable and convenient process. Here you can change the terminal skins and types of charts, add indicators and graphic elements for advanced technical analysis, use several charts at once, close several trading positions with one button, use the multiplier to increase your earnings, study the history of quotations, adjust stop-loss and take-profit orders.

Forex trading

The functional terminal IQ Option is available on different devices, including the availability of downloading a mobile application for free, which will provide constant access to the market, regardless of where you are. The highly informative broker’s website will also enable you to improve your skills by studying qualitative teaching materials. Traders can use an economic calendar and online chat. In order to make Forex trading (truth about Forex) with this broker more profitable, users are provided with professional support, including volatility signals, current market news, promotions, newsletters, etc.

The multiplier option for Forex trading will enable you to significantly increase your income by using the borrowed funds that the broker provides to you (by simply opening a position of $100 with a multiplier x10, you will get a profit commensurate with the investment of $1000). So, you can trade in impressive amounts, while having a minimum deposit on your account. It’s possible to increase your trading capital from 1 to 1000 units (х1, х20, х50, х100, х300, х500, х1000). However, it’s worth remembering that the risks associated with such trading are also high. But if you take seriously the capabilities of this tool, it will bring you unlimited profits.

Since October 2020 the broker started providing unfettered users with increased multiplier x20 for trading CFD for shares. In high volatility periods in the stock market the multiplier may become a very gainful trading way for those traders looking for a chance to earn on price changes. With the broker a unique option is available: investments of funds exceeding the trader’s budget. For instance, you may open a stake for 500$, apply the multiplier x20 and get profit you might obtain investing 1000$. In case the transaction completed not in favor of trader, his negative earnings will be limited just by 500$, and he won’t lose more than he invested.

Risk warning: your capital might be at risk

Trading in digital currencies with IQ Option

The broker IQ Option is truly interested in providing its clients with assets. That’s why the broker’s clients have an opportunity to trade in crypto assets, which are currently booming. Following the trends of the time, the broker offers clients and holders of crypto assets a perfect solution – provision of the service necessary for full-fledged trading in digital coins. On the broker’s platform you can freely sell or buy digital currencies and store them in crypto wallets for free.

Working with this organization guarantees exceptional security of information and funds, the stable operation of the platform, and high earnings on trade in the most liquid crypto assets as well as fast withdrawal of money. Investing in cryptocurrencies with the IQ Option broker is legal and safe. Unlike crypto exchanges, working with the broker means dealing with a licensed and well-regulated company, which has a monthly trading volume of more than $11 billion. The broker uses modern security protocols as well as encryption methods to ensure the maximum protection of your capital. All users of the system are offered OTN tokens (Open Trading Network), which are given for trading in crypto assets: the more you trade, the higher your commission, on which the system pays out tokens (are cryptocurrencies a scam?). Further, they can be easily exchanged for OTN-coins, withdrawn to the wallet or sold to earn an income.

The perfect IQ Option platform will enable you to maximize your benefits from trading. You can conveniently trade in digital coins, conduct deep market analysis, study the history of your transactions, etc. Only the best cryptocurrencies are available for investment: Bitcoin, Dash, Ethereum, Bitcoin Cash, TRON, Ethereum Classic, ZCash, Litecoin, Ripple, etc. The system allows the quick purchase of these digital coins in various ways, including bank cards (VISA/mastercard). You can easily withdraw digital assets from the platform. Moreover, the broker provides its users with free crypto wallets to store digital currencies. These wallets are automatically created for each investor. Thanks to the mobile version, crypto trading is available 24/7, at any time you find convenient. In addition, the broker is happy to offer customers high-quality technical support that is capable of resolving issues of any complexity in just 46 seconds, 24/7/365. Without exaggeration, it’s the fastest support service among brokers.

Another advantage of IQ Option is an awesome ability to invest in digital assets using a multiplier, which can increase your earnings by several times using even minor price changes. This tool came to crypto trading from Forex and immediately became popular with users. Thanks to this unique option, you can trade in crypto assets with a minimum deposit and receive unlimited earnings with the help of borrowed funds provided to you by the broker. Leverage (in the case of IQ Option, it’s a multiplier) offers work with positions that exceed the actual balance of your trading account several times. Opening a deal for $100 with x5 leverage, you can earn real income of $500 as if you invested $500. The broker offers to increase the crypto capital for work with the help of the following multipliers: x3, x5 and x10. We note that traders prefer to use high leverage, which gives tangible results from trading in digital assets (2020 cryptocurrency forecast).

Risk warning: your capital might be at risk

Crypto wallet Hodly

You’re welcome to get familiar with Hodly. It’s the perfect way to have your crypto traffic monetized. The broker IQ Option officially released a new convenient crypto wallet called Hodly. Despite the fact that it’s very easy to use, it’s a serious product, which can help traders earn money by investing in crypto assets. Having downloaded a free wallet (App Store, Google Play), you get a safe and powerful tool that will help you to easily monetize the chosen cryptocurrency. You can buy, sell or store digital coins in just a few clicks. The application has a built-in news feed, enabling you to track market trends.

Due to the fact that you can store currency here, you don’t need to look for crypto wallets, pay for transfers, or send digital coins to exchanges to for pay trading. Now all of these functions are available in one reliable solution.

Features of Hodly:

  • Fast deposits, rapid withdrawal of capital on a bank card;
  • Safe storage of funds: both fiat money and crypto assets. In this case, your confidential data is stored not on the device, but on a secure server, completely encrypted;
  • A wide range of crypto assets for trading, the number of which the broker plans to expand;
  • The absence of verification for purchase, sale and receipt of cryptocurrencies; simplified verification for the withdrawal of capital (you only need to upload the passport and the service managers will verify identity in 15 minutes);
  • Live chat with like-minded people and support staff;
  • Bonuses for participants of the system (50% of the net revenue from the commission for each purchase or sale of cryptocurrencies in the wallet).

CFD trading with IQ Option

Following the latest trends of trading, the IQ Option broker offers its users convenient CFDs, which are available to both Forex traders and those who invest in crypto assets. The peculiarity of CFD trading is that the trader receives an income not based on the purchase of an asset but on fluctuations in its value. At the same time, it doesn’t matter whether the price of this asset increases or falls – the speculator can earn in both cases. Such contracts allow you to trade, but not to acquire an asset; in addition, you don’t need to pay taxes for transactions and you don’t need to deal with documents. You only need to enter into a contract, which specifies the difference in the price of the asset in the event of a transaction being opened/closed. Today CFD-contracts are an advantageous way to receive decent earnings for those who don’t have enough funds to enter the market.

Buying contracts for the difference in the prices of cryptocurrencies, the investor earns on the difference between the current and future prices for Bitcoin. The greater this difference, the higher your profit will be. At the same time, such trading is advantageous for short-term deals. In addition to crypto assets in similar CFD contracts, the broker IQ Option offers trading in shares and fiat currencies. It’s also possible to increase the amount of earnings with the help of a multiplier, enabling you to trade in large amounts of funds and get even greater benefits. Also, when forming trades, a trader can set limits on losses and use market orders.

Since October 2020 there are 50 new CFD for shares available on the broker’s platform, with the total number of CFD for shares – over 150! Among assets available for investments there are shares of such companies like eBay (EBAY), Bayer (BAYN), McDonald’s (MCD), Adobe Systems (ADBE), Facebook (FB), Apple Inc. (AAPL), Kraft Heinz Company (KHC), Starbucks Corporation (SBUX), PayPal (PYPL) etc.

Risk warning: your capital might be at risk

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions

Withdrawals and deposits

A good sign is that the amount you can withdraw is not limited! There are brokers who will not allow you to withdraw all of your profits, if the profit is very large. This fact can cause a lot of trouble and anxiety among traders. The IQ Option not only refrains from doing this, but also processes withdrawal applications quickly, allowing its traders to get their payouts as quickly as possible. Customers receive payments within 1 working day. To withdraw funds, you can use a credit card, wire transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, or Boleto.

The IQ Option does not take a commission for financial transactions, but a commission can be withheld by payment systems or a payment aggregator.

Complaints about IQ Option

We have searched the Internet for any complaints, and we found some negative reviews, but we thought it was the speculation of competitors; with regard to criticism that was objective, the company has resolved it all in a positive way. In several forums and blogs, we saw customers complaining that they did not receive approval for a withdrawal. But in each case, an official representative of IQ Option responded, and the problem was resolved, as evidenced by the initiators of the complaints. We do not believe this is a cause for concern, because, firstly, all problems have been successfully resolved by the broker, and secondly, the broker has strictly followed the «Terms and Conditions» policy, which outlines its obligations, and has solved all issues in a timely manner.

If we find complaints about IQ Option, we will post it on social media. Follow us to be well informed:

Is the IQ Option a scam?

IQ Option is currently one of the most law-abiding brokers in the market. For a long time, IQ Option activity has been regulated by the Center for Regulation of Financial Market Relations, which oversees them.

Regulator broker

The IQ Option is a regulated broker. This regulation provides accountability to the brokerage companies, as well as the fact that all customer deposits are compulsorily insured. That is, in case of financial problems with a broker, you can easily get your money back. And this feature also indicates a broker’s reliability.

Summary

In general, the IQ Option is one of the leading brokerage firms on the market. The IQ Option won the ShowFX World prestigious award as the «Most Innovative broker in binary options». The award was received at the largest international forum, which is dedicated to modern advances in the Forex market. Looking at the simple and intuitive graph of IQ Option, we can conclude that this is a definite leader compared to popular options such as Keystone, SpotOption and Tradologic. The difference in quality, services and functionality is obvious and visible to the naked eye. The IQ Option is comfortable and nice to trade with.

Conclusion

Trading in options can either be done with classic or turbo options. The purchase of an option is carried out in just one click. All transactions can be viewed in the section of the site that displays the history of all operations. Once the transaction is completed, a window pops up with the results of the auction. An interesting feature is that you can immediately share your success with your partners and friends in social networks.

The profitability of assets is very high and reaches 92%* of the indicators.

*Amount to be credited to account for a successful trade.

«General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose».

Reviews

I have a fully documented complaint. I have more than USD$175 thousand in funds available to withdraw. Several details are in between. Withdrawals have been cancelled by IQ IQ option has not responded in writing. Please let me know if you want to discuss.

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