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IQ Option, founded in 2013, operates in Europe under the holding company Investlab Trading Limited and despite being relatively new on the binary option scene, it has already made its mark in the industry. Headquartered in London, UK, IQ Option has headquarters in Cyprus and Russia but has several international phone numbers so that traders can call locally to contact the company if desired. IQ Option offers traders low minimum deposits and high payouts as well as opportunities to win attractive prizes ranging from $250 to $500 in trading competitions organized by IQ Option.
The IQ Option website is straightforward and easy to navigate. It is available in English, Spanish, Indonesian, Italian, Portuguese, Turkish and Russian and goes out of its way to meet the needs of traders in the global community who are able to trade in their own language.
There are 2 main accounts plus a demo account at IQ Option. The Real account starts with a minimum deposit of only $10 and $1 is sufficient to cover a trade. IQ Option guarantees up to 45% return for incorrect predictions and offers a bonus of up to 80% on the each deposit. The VIP account has a minimum deposit of $1000 and returns up to 60% if a trade goes in the wrong direction. All deposits receive a bonus of up 100%. Holders of the VIP account also receive a personal financial manager and a monthly analysis of their trading with the broker’s analysts. When doing this IQ Option review, a bonus of up to $1000 was being offered.
IQ Option offers a large choice of assets including Forex, equities, gold, and indices. The withdrawal process is guaranteed to be completed within 1-3 days.
Unlike many other binary options brokers, IQ Option offers novice traders the opportunity to open a demo account from which they can practice their trades without using real money and avoid the risks involved in real trading. There are over 30 assets to choose from in the demo account and anyone opening a demo receives a free introductory webinar with important trading information and tips on how to trade profitably.
The payouts offered by IQ Option are one of the highest in the binary trading industry and traders can earn as much as 92% on their investments given the right conditions. There are no spreads or commissions which is unique in the industry.
The deposit and withdrawal procedures are relatively straightforward, easy and fast and can be made through various methods including bank wires, credit cards, Skrill, WebMoney, Polipayments and other online payment plans.
When it comes to education, IQ Option offers a series of very interesting opportunities where registered account holders can participate in courses which include different trading strategies such as Japanese Candlesticks, Bollinger Bands, Trend Lines, Support and Resistance, Moving Averages and more. I was introduced to a very interesting new strategy—the Alligator—which gives market direction and periods of no trend and whose main goal is to determine the trend direction and its strength.
There are tournaments for traders to choose from to make extra money. When I did this IQ Option review, all the listed tournaments had expired but $40,000 in cash was offered for random deposit amounts. For example, a deposit of $2000 and over was eligible for a cash prize of $10,000.
IQ Option is the recipient of several awards including Most Reliable Binary Option Broker 2014 by MasterForex-V and the Most Innovative Binary Option Broker 2014 by Show FX World.
IQ Option is under CySEC regulation and is currently one of very few binary options brokers to hold such a license. This license should make traders feel more secure when depositing with IQ Option as the company adheres to strict standards of honesty and reliability.
U.S. and Japanese clients cannot open accounts with IQOption.com.
Customers can find answers to most of their questions in the detailed FAQs section of the website and if they don’t find their answers, they can contact the broker’s customer service department directly either via live chat from the website, by sending an email on their website form or by phone with local numbers available for customers in London, Canberra and Singapore.
IQ Option offers everything a trader needs for profitable binary options trading. The low minimum deposit is a great advantage as is the availability of a demo account which is both extremely rare and extremely welcome. The IQ Option website is clear and user-friendly. The deposit bonuses are some of the highest among binary option brokers, and the trading platform has reliable pricing and solid execution.
There are many interesting features at IQ Option including a wide variety of different assets for traders to choose from. The feature that IQ Option seems to be the most proud of is its a free demo account which appears prominently on the front page of the website. The demo is especially important for first-time, inexperienced traders who would like to try out binary option trading before committing any real funds.
IQ Option offers a trading platform which hosts quotes by Thomson Reuters for precise quoting and the utmost reliability. The platform appears to be proprietary, which is a refreshing change in an industry where most platforms are extremely similar, if not the same.
Somewhat unusually for a binary options platform, close to 100 assets are available to trade. This is a very wide selection. At the top right of the screen there is a plainly visible tab that tells you exactly how many instruments have their markets open and are available to trade at the present moment, which comes in very useful. Clicking on the tab gives you a useful drop-down menu showing the details of all the currently available assets, the current profit payouts, and how much longer there is until the relevant market closes.
The platform is split into two modes: “Turbo” and “Binary Option”. In Turbo mode, you may trade options which expire 1, 2, or 3 minutes in advance. In Binary Option mode, you may trade options which expire up to 1 hour in advance. It is very suitable for people who like fast trading on short timeframes.
The trading mechanisms are simple, easy to use, and fairly intuitive: you select the size of the option you want trade, the time of expiry, and then there is a sliding scale where you allocate exactly how much you want to risk. The higher your risk, the higher your reward will be if the trade is a winner. When you hover your mouse over “Call” or “Put” an arrow appears on the chart to show the direction you are trading in, which is helpful. There are some other nice chart features that make it easy to understand exactly what is going on: a dotted vertical line is shown at the times that last possible trade and expiry will take place, as well as a timer countdown. Additionally, there are sounds made when you make a trade, and then different sounds are triggered when the option trade moves “in” or “out” of the money, so you can easily see whether the trade is going to be a winner or a loser at the current market price. Taken together, these features provide good safeguards against costly trading errors.
Shapes, lines, and indicators may be placed on the chart, and the price may be shown as bars, candlesticks or a moving line. It is safe to say that however you prefer your chart, and whatever kind of technical analysis you want to do, the platform can accommodate it easily.
The platforms also shows a history of trades made with results, as well as any current open trades and their money status as winners or losers according to the price.
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Review info: IQ Option
Review Date: 2015-08-12
Rating : 4
Reviewed By : Sara Patterson (Google+)