IQ Option iOS Platform Review

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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 (Countries outside the European Union) 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, bank transfer and Paypal (which is available only to traders from the European Union). 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. To me, that is the number of available stocks which hovers now on the IQ platform around 170. You are going to find here a lot of large-cap stocks from the USA, Europe and Canada, but there are only a very few mid or small-cap stocks.

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.

Мобильное приложение IQ Option для iOS и Android

IQ Option продолжает совершенствоваться, делая торговлю бинарными опционами удобнее во всех отношениях. На первое место мы ставим надежность и инновационность. Следуя второму направлению, мы решили сделать то, чего еще не делал ни один брокер до нас. Специально для удобства наших клиентов мы создали мобильное приложение IQ Option, которое является полноценным повторением основной версии сайта, и даже дополняет её.

Скачать приложение IQ Option для iOS и Android можно совершенно бесплатно.

Теперь, чтобы торговать, трейдеру не обязательно проводить весь день за компьютером. С приложением IQ Option трейдинг можно «взять с собой». Мы сделали приложение как для телефонов на платформе iOS, так и для Android. Приложение выполнено в эксклюзивном дизайне, трейдинг с ним станет еще более удобным и приятным.

7 Binary Options

One of the hardest things to do when it comes to trading binary options is to pick a site to trade them on. There are literally hundreds of choices out there depending on where you live. That is why we take our job of doing reviews so seriously because we know you don’t have the time to go through and look at all these sites to trade on yourself.

Today we will take a look at an innovative and progressive broker called IQ Option.

IQ Option first came onto the scene in 2020 and has gained a steady amount of investors since then. When we checked online we found the site gets very favorable reviews and is generally well thought of by those that have traded with them. The site definitely caught our attention when we discovered how much those that traded with them highly regarded this web broker.

Here is our review of what we feel is a very well done and worthy site to trade on.

We will walk you through everything from the signup to the site right on through to placing trades and customer support.

Binary options and digital options are prohibited in EEA

Basic information:

Online since: 2020
Jurisdiction: Seychelles
Software: IQ Option
Max Returns: 92% *Amount will be credited to account in case of successful investment
Minimum Deposit: $10
Minimum Investment: $1
Maximum Price: $20000
Currencies: USD, EUR, GBP, RUB, TYL, BRL, MYR, IDR, VND, CNY
Mobile Application: Android, iOS

  • Proprietary trading platform
  • Good variety of options
  • Interface is very friendly
  • Smallest minimum investment we have ever seen
  • Stand-alone demo account
  • Interactive learning tools
  • Customers not accepted from: USA, Canada, Australia, Belgium, Israel, Palestine, Japan, Russia, Turkey, Syria, Sudan, North Korea and Iran.
  • Users from following countries can not trade from the iOS mobile application: Malta; Android application unavailable for: Malta, Myanmar, Liechtenstein, Cuba.

7 Binary Options Rating:

General Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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.

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

Binary options and digital options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page

Using IQ Option on Mobile

Since its launch in 2020, IQ Option has been at the forefront of developing innovative technologies in the binary options trading industry. It was the first Russian broker in the sector, and the team behind it used their expertise to create new and effective features that make the platform easier to use.

In the world of binary options trading, that means giving traders features that help them more effectively analyze the market and place profitable trades (with risk of course).

One of the most popular of these technical innovations is IQ Option’s mobile app.

The IQ Option mobile app is one of the best mobile apps from any binary options broker. It is extremely user-friendly. This is, in fact, one of the app’s biggest selling points, as many of the other apps available in the industry are difficult to use.

In fact, with most apps, you have to be an experienced trader who has a deep understanding of the intricacies of the market and the technical jargon used. Not the IQ Option app though. It is powerful and also jargon free and easy to use.

The app simplifies the process of trading binary options, and many traders prefer using it over the desktop website.

It has a comprehensive range of features, so you can do everything you need to successfully trade binary options or forex. There are a few different indicators available in the mobile application. All the graphs are easy to read and have an incredible level of detail, particularly when you pinch the screen to zoom in. Placing a trade takes a couple of simple taps.

It has a modern interface, and everything loads fast. In terms of look and feel – as well as functionality – the IQ Option’s app is a lot like a sports betting app. If you have used one of those, you will quickly get the hang of the IQ Option app. Just like in sports betting, it is all about making an accurate forecast. There is risk involved too— you will lose your money when your predictions are wrong.

The app is secure, so your money and personal data are safe. It also offers good notifications, so you can get involved in tournaments and check price trends as they are happening.

Downloading the App

The IQ Option app is available in Apple’s App Store and the Google Play Store for those with Android devices.

Even if you haven’t used a mobile app for binary options trading before, it is good to have the facility. The reality is that most traders do use desktops when trading, but mobile is a growing market for the industry. This is the reason why forward-thinking operators like IQ Options are investing in their mobile offering, so they can give users a better level of service. This sort of innovation is why so many traders choose to use IQ Option to invest their money.

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.

Binary and digital options are prohibited in EEA

Sign Up

The landing page for signing up to the site is very straightforward and easy to understand and that was echoed in the actual signup process to access the website.

We just had to fill out a simple form, verify our identity by providing some information to gain access to use the broker for placing binary options trades.

IQ Option was very similar to other web brokers we have signed up with and we found it a very simple process to get done.

Right off the bat we were amazed that all it took was a low minimum deposit of $10 USD or British Pounds to get started trading. That is just about the lowest deposit we have ever seen to enter into trading with a web broker.

We invested a little more than that because we wanted to see how well their worked but so far we were not turned off at all by the signup process and were looking forward to seeing what else they did right with their brokerage website.

Video on How to Trade on IQ Option

Your capital may be at risk. This material is not an investment advise

Types of accounts

IQ Option likes to keep it simple and treat everyone fairly no matter how much they invest so there are only two different account levels on the website Here is what each has to offer:

IQ Option Real Account

  • More than 500 assets
  • Full access to trading opportunities
  • Participation in trading competitions (subject to terms and conditions)
  • Fast withdrawals in just 1 working day
  • Real money trading
  • Start with a $10 deposit

IQ Option VIP account

  • More than 500 assets
  • Full access to trading opportunities
  • Participation in trading competitions
  • Faster withdrawals in just 24 hours
  • Real money trading
  • Personal manager
  • VIP access with deposit from $3,000

Screenshot

Account and Banking Options at IQ Option

IQ Option offers a number of different accounts that you can sign up for. Which one you chose depends on your objectives and the amount of money you want to allocate to binary options trading.

Most people start with the Real Account which has a very low minimum deposit of $10. Your account will give you access to over 500 assets that you can place trades on. All trading features are included with this account, so you can make substantial profits if you make the correct price predictions.

Another account offered by IQ Option is the VIP Account. It has a $3,000 minimum deposit, but it comes with additional benefits. This includes a personal account manager who will help you make the most of your account.

A number of options are available for depositing money into your account. These include:

  • Credit or Debit Card (Visa, Mastercard, Maestro)
  • Skrill
  • Neteller
  • Boleto
  • Qiwi
  • WebMoney
  • iDeal
  • Fasapay
  • Sofort

The low minimum deposit of $10 that IQ Option offers is flexible, but it doesn’t mean you should stick to this low amount. It is always best to base your trading pattern on what is happening in the market and your current financial position.

Everyone has to go through a learning curve, and that will mean some losses. It is much easier to deal with small losses than large ones when testing out a new trading platform.

IQ Option has won lots of awards (you can find rest of them on their website)

Withdrawing Funds from IQ Option

When you start trading at IQ Option, you will eventually want to withdraw some of those funds to spend or invest how you chose. Luckily the withdrawal process at IQ Option is simple and safe. To protect traders’ money, all withdrawal requests have to be approved by the IQ Option team. This means withdrawals don’t take place immediately, but there are no unnecessary delays.

You can withdraw money using a number of different methods:

  • Credit card – Visa Card and MasterCard
  • Maestro Card
  • Bank transfer
  • Skrill
  • WebMoney

Before you make your first withdrawal you will have to confirm your identity with IQ Option. This is to help protect the platform against fraud and to keep it compliant with money laundering legislation. Your personal account manager or a member of the customer support team can guide you through the process. To process a withdrawal, you have to specify the amount, payment method, and currency.

All account holders can expect their withdrawal requests to be processed in one working day. The minimum amount you can withdraw is $2, and the daily maximum is 1 million USD.

Is IQ Option Regulated?

IQ Option is one of the most popular binary options trading platforms in the world, but it is still important to investigate its trustworthiness. This is important to all traders because of the nature of the market. There are two things we have considered when looking at IQ Option – its own policies and its regulation status.

IQ Option hasn’t left it there though. In fact, from the policies that we have read, they offer levels of protection for their customers that are significantly higher than the requirements of the regulator. This includes policies for how traders’ money is dealt with as well as deposit, withdrawal, dispute, and privacy policies.

All of the policies are easy to understand and comply with and are designed to protect everyone involved. This includes actions to prevent money laundering and ensure traders are properly identified. When you are just starting out at IQ Option, the steps you have to go through can seem a bit onerous.

For example, you may have to provide documentation that proves your identity. When you understand that this is for your protection, you will appreciate why it is done. It also helps maintain the reputation of IQ Option.

Learning Tools

We have been telling you all along that IQ Option is among the most innovative websites that we have ever come across. How do we know this to be true? How about the fact that they were the first to offer their account holders a free demo account to practice and learn on; it was a tool that sent a ripple effect throughout the industry as many online binary options brokers and binary option robots followed suit and added them to their list of learning tools.

Their free demo account helps those that trade with them learn how to operate the trading platform and it also teaches them the finer points of binary options trading before they enter the actual trading platform and start risking real money. Demo accounts offer site users an introduction to binary options trading for sure.

The excellent and innovative learning tools do not stop with the free demo account either. IQ Option was also one of the first sites to offer interactive learning for their users too. It is just another way to get ahead in the binary options trading market; the website truly believes that a well-educated binary options trader has a better chance of being a successful binary options trader.

There are additional learning tools such as instructional videos and tutorials. So whether you consider yourself a seasoned binary options trading veteran or not, you will find something useful in their abundant learning section.

Trading Patterns

To be a successful binary options trader you must have a trading pattern. With IQ Option, you can develop a trading pattern and optimize it as you have access to a range of resources and educational tools. You can access most of the tools directly from your dashboard on the trading platform. The visual display is easy to understand. You can see trends, plus there is technical analysis information available as well.

The educational resources cover a vast range of topics. They are also free to use, which is always a benefit to new binary options traders. There are options designed for all kinds of tastes. The resources available include videos and tutorials. Some examples are below.

The Trading Patterns You Can Learn at IQ Option

(WARNING: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future)

Examples of the binary options trading strategies that IQ Option offers are outlined in brief below. This will help you decide where best to focus your time first. Before going into those strategies, it is important to understand some basic tools of investing:

  • Japanese candlesticks – If you have seen a chart that shows the price movement of an asset over time, you have probably seen a Japanese candlestick. They show the movement of the price over a given day. Once you learn how to read them, they are incredibly useful. You get both the opening price and the closing price. An asset that increases in price will have a green candle, and an asset that falls in price will have a red candle. You can therefore see at a glance how far an asset’s price has changed (the bigger the change the bigger the candlestick) and in what direction.
  • Trend lines – Trend lines are depicted visually by a line above the price of an asset on a chart and another line below the price. These two lines create what is known as a trending corridor. They represent the typical upper and lower values that the asset usually fluctuates between, i.e. when the price of the asset reaches the upper line, trends suggest that it will start to move down again. The bottom line is called the support line, and the upper line is known as the resistance level.

Simply understanding these analysis tools and getting practice using them might help a trader understand an asset price movement better.

Let’s now look at the main trading strategies you can learn at IQ Option.

    1. The Three Black Crows Trading Pattern

*Your capital may be at risk. This material is not investment advise.

This is a pattern that looks for trend reversals. To make it work you need to identify an asset that has several candlesticks in a row that are all showing a price movement in one direction – either up or down. Then you have to wait for this to reverse. You will know this is happening when you see three falling price candlesticks in a row. This is an indicator that the trend is reversing and gives you a signal that can be used to make a trade.

    1. The Rebound Line Trading Pattern

*Your capital may be at risk. This material is not investment advise.

In this trading pattern, the price trend of the asset is not relevant. Instead, you look at the trend lines mentioned above. What you should look for specifically is a closing price the is just below the resistance level (the upper line) or just above the support level (the lower line). In this situation, it is much more likely the price will move away from the line than go through it, breaking the trend. Therefore, you can use this as information to place a PUT trade if the price closes just before the resistance level and a CALL trade if the price closes just above the support level.

  1. The Rainbow Trading Pattern

*Your capital may be at risk. This material is not investment advise.

This is a more complicated trading pattern, so it is probably best to get familiar and comfortable with the other options on this list before attempting this one. It works by simultaneously using exponential averages. There are three of them, all with different periods. On the chart of your selected asset you have to mark in blue the first line you see with a period of six. Mark in yellow the second line that has a period of 14, and mark in red the third line that has a period of 26.

To identify a potential drop in price, look out for:

  • The yellow line moving below the blue line
  • The blue line on top of the other two
  • The red line at the bottom

The best time to place a binary options trade (a PUT trade) is when the blue and yellow lines intersect.

To identify a potential rise in price, look out for:

  • The red line on top followed by the yellow line and then the blue
  • The red line on top of the other two
  • The blue line at the bottom

The best time to place a binary options trade (a CALL trade) is when the blue and yellow lines intersect.

    1. The Piercing Line Candlestick Patter

*Your capital may be at risk. This material is not investment advise.

This trading pattern involves looking closely at the candlesticks on your chart. Again, it is about identifying trend reversals. To spot an upward trend that is about to reverse, look for two candlesticks where the second closes in the middle of the first one. The candlestick that immediately follows (the third candlestick in the row) should be ascending. If a fourth candlestick also shows a price increase, a trend reversal is probably imminent.

You can work this pattern the opposite direction to spot a downward trend that is about to reverse into an upward trend. These potential price reversals are good information that you can use to place binary options trades.

* Your capital may be at risk. This material is not investment advise.

The Pin Bar Trading Pattern is another example of a more complex and involved trading pattern to execute. Therefore, it is usually used by traders who have built up some experience using other strategies. It is an effective trading pattern so it is one you should explore when you feel comfortable.

The basic principle is to predict an asset’s upward or downward trend. You do this by analyzing the asset’s pin bar candlesticks – in particular, pin bar candlesticks with tails.

The specific type of pin bar candlestick that you should look for is one with a long tail and a small body. The direction of the tail indicates which way the price might move as it demonstrates which way the market is moving. This is a signal that you can use to place a binary options trade.

Not all pin bar candlesticks with tails are the same, and not all are suitable for this trading pattern. Here are some additional criteria that you should apply to ensure you get a pin bar candlestick that generates an accurate trading signal:

  • Its open and close price should be close to the end of the previous bar
  • This open and close price should be near the bottom or the top
  • The open and close price of the pin bar candlestick should be inside the left bars

The signal is regarded as strong when these conditions are met. Usually, strong signals are an indicator that you should place a trade.

You now need to know whether the price of the asset is going up or down so you can place a winning trade. If the tail of the pin bar candlestick points up, you can expect the price of the asset to go down in most situations. The reverse happens as well. If the tail of the pin bar candlestick points down you can expect the price of the asset to go up.

* Your capital may be at risk. This material is not investment advise.

In this pattern you develop indicators of moving averages. This is done using the technical analysis tools available in the IQ Option. It is an extremely popular trading pattern. In fact, it is one of the most commonly used strategies by traders of all levels of ability. They don’t always use it in the same way, i.e. traders of all levels of ability can successfully deploy simple and exponential moving averages. Weightage and smooth moving averages, however, are usually only attempted by experienced traders who are deploying complex strategies.

Of the four options – exponential, simple, smooth, and weightage – simple and exponential strategies are also the easiest to calculate. This makes it possible to create profitable strategies and place winning trades.

That said, exponential and simple moving averages are not exclusive to beginner traders. They are also used in complex strategies to increase profit margins and win ratios, with the objective being to maximize the benefit of the breaking line and rebound line in the corridor.

  1. The Alligator Pattern

The IQ Option platform makes this pattern quite simple to execute and use successfully. It is another one that is based on moving averages, but this time we are only interested in smooth moving averages. It is theoretically possible to make the trading pattern work with exponential and smooth moving averages as well, but the IQ Option platform is optimized only for smooth moving averages. The reason for this is that smooth moving averages are largely unaffected by insignificant fluctuations in the market. This gives better information and, potentially, makes it more likely to place winning trades.

The smooth moving average that you will monitor will show the different moves of the asset within a defined time period. The lines you see will show the price the asset is likely to reach within the time period. Shocks to the asset or wider financial markets can affect this, but when that doesn’t happen, the pattern is reasonably accurate.

The reason the trading pattern is called The Alligator Trading Pattern is that the candlesticks look like alligator teeth when it is time to place a trade. If the candlestick opens upwards, you should place a CALL trade. When the candlestick opens down, you should place a PUT trade.

If the candlesticks look any other way, you should not enter the market. This is because it is too difficult to predict which way the price is going to move, i.e. you won’t know whether to place a CALL or a PUT trade.

    1. The Breaking Line Trading Pattern

* Your capital may be at risk. This material is not investment advise.

This pattern is one of the simplest to understand and execute at IQ Options. It is based on the support lines and resistance lines of an asset, as explained above. These are the lines that indicate the upper and lower prices that an asset trades between. If those lines are broken, it is an indicator that something else is going on in the market aside from normal price fluctuations. It can, therefore, be a signal to place a binary options trade.

In simple terms, your trade should go with the direction of travel. This means placing a CALL trade if the candlestick closes above the resistance line and a PUT trade if the candlestick closes below the support line. This is because the price is likely to continue moving up if the asset breaches the resistance line, and it is likely to continue moving down if it goes through the support line.

This is a pattern that can be used regardless of how the price of the asset is trending overall.

    1. The Bollinger Bands Trading Pattern

*Your capital may be at risk. This material is not investment advise.

This is a commonly used investment pattern that looks at the volume of trade on a particular asset to generate a signal of which way the price is likely to move. In IQ Option, you use a chart that shows three lines – or bands. The middle band is the smooth moving average and will have around 20 candlesticks.

The bands widen and narrow depending on the volume of trade taking place on a particular asset. When trading is heavy, the bands widen; and when trading is light, the bands narrow. What you should look for is a rapid widening of the bands, as this can produce a signal that you may be able to use to place a trade.

As you can see, IQ Option offers trading strategies that vary in terms of type and sophistication. This is one of the reasons that it is such a popular binary options trading platform. It gives you all the tools you need to develop a trading pattern. You can use the many analytic tools available – all of which are free – to improve your trading patterns and how you interpret price movements.

Getting an IQ Option Demo Account

IQ Option does offer a demo account facility, so you can try the platform before risking any of your own money. Signing up is easy. You can even sign up using Facebook or Google. Once registered, your demo account will become active. It is free to use and includes $1,000 of virtual money that you can use to place virtual trades.

The money and trades are virtual, but they are exact replicas of the real cash trading platform. This means you can use your demo account to develop, test, and refine trading strategies as well as work out whether or not you like the IQ Option platform.

This makes the IQ Option demo account ideal for anyone interested of binary options trading as the demo account can be used without depositing any real funds. You can use a demo account to learn what binary options trading is about, get an understanding of the terms used, and learn more about the strategies that work.

Once you feel you are ready, you can convert your account to a real cash account by depositing money. This will allow you to trade using real funds.

IQ Option Awards

Since it first launched, IQ Option has received numerous awards in the binary options industry. The most recent was an award for being the most reliable broker on the market, while another award was given to IQ Option for having the most innovative trading platform. These awards are industry awards, so the judges include the most experienced and well-respected names in the industry. In addition, IQ Option beat off stiff competition to collect the awards.

Other names that were up for these awards included Finpari and 24option. They are all respected binary options brokers, but IQ Option beats them all.

US Traders and IQ Option

If you are from the US, you will not be able to use the IQ Option. This is unfortunate, as it is one of the best binary options brokers on the market. It is also a further blow to the US-based trader who doesn’t have as much trading platform choice as people from other parts of the world, particularly after SpotOption pulled out of the US market.

Binary options robot that still do accept US-based traders is FX-Advisor.

Assets

If you like to have a lot of options as far as different assets to trade on your binary options then you have come to the right place. IQ Option offers over 500 different options to trade on, many of which are popular stocks such as Wal-Mart, Google and Apple. They offer their users the ability to choose between stocks, indices, commodities and matched currency pairs to trade with. There is enough variety of assets that any level trader should be able to find ones they are comfortable trading with.

Trading Platform

IQ Option decided once again to be innovative and design a trading platform that they thought would really appeal to their many traders and be simple to use and understand. Well they did a great job at this. Their trading platform is among the best we have seen

It is laid out nicely and easily menu driven. It also has unique zoom and custom layout features which are quite unique to say the least. It is a platform that will appeal to many traders to say the least.

Placing Trades

The well-designed trading platform makes it very easy to execute trades on the website. The minimum investment is $1 and the maximum investment is $5000 dollars so it gives you and the other investors on the site a wide range of investment options you can use based on how confident you are in the trades you want to make and the amount of risk you want to go along with that.

All you need to do to place a trade is sign onto the website and go to the trading page. From there you select the type of option you want to trade, the asset you want to trade with the option and the amount you want to invest. All this can be quickly done with just a few simple mouse clicks; it is really that easy to place and execute a trade on IQ Option.

IQ Option’s Binary Options Tournaments

There has been a lot of mention about how innovative the IQ Option trading platform and offering is. One of the best examples of this are the binary options tournaments they run (the tournaments are subject to terms and conditions). This is a unique feature to IQ Options and brings an element of fun and competition to binary options trading.

There is a serious side to them too though.

There is an entry fee to take part in the tournament, and they normally last about 30 minutes, so you don’t have to allocate much time to get involved. Your entry fee gets you a virtual tournament balance of $10,000. You then have to get to work placing binary options trades. The participant with the highest virtual tournament balance at the end gets the top prize. Some of the prizes are variable, so they depend on the number of tournament participants there are, while other prizes are guaranteed.

The rules for each tournament can vary, but some give you the option of buying back in to the tournament if you lose your virtual tournament balance. This buy-in typically costs the same as the initial entry fee and usually brings your virtual tournament balance back to $10,000 so you can start trading again.

The tournaments are an exciting new twist on binary options trading. If you haven’t tried one yet, you should give it a go. In fact, we have seen prize funds worth 100 times the entry fee.

Trading Patterns for Tournaments

The tournaments at IQ Option are exciting and fun, but they are also a competition that is there to be won, and there is real money up for grabs. This presents an opportunity, particularly given the fact that many people involved in the tournaments do so without a clear pattern.

Here are some things you should remember:

  • Always go for the win – Most tournaments have a number of prizes, although the value of each depends on where you end up on the leader board. Therefore, it can be tempting to consolidate your position if you are in a lower place to ensure you get something. However, this type of trading pattern limits your potential and means you may never get the top prize. It is almost always significantly more valuable than the runners-up prizes, so you should always try to win – even when you are in second place.
  • Take your time initially – Don’t jump straight into trading when the tournament starts, as you will be doing it blind. You should first take a couple of minutes to learn how the other participants operate. For example, are they aggressive or cautious? Of course, don’t let anyone build out too much of a lead too quickly, but observing in the initial minutes instead of trading will give you information you can use later to win.
  • Adapt your trading pattern as the tournament progresses – By the tournament’s mid-point, you should have a good idea of the approach of the other participants. You will also know where you sit on the leader board. This is the time you should start adapting your trading pattern to maximize your position. For example, if the main competitors in the tournament are using a cautious trading pattern, you could try putting clear distance between you and them by being more aggressive. If you are already the leader, you can start to consolidate your position without taking unnecessary risks. If you are not the leader, you can work on strategies that keeps you as close to the leader as possible so you can make a final push for the win closer to the end.
  • Towards the end of the tournament, go for it if you are not winning – If you have not had a good tournament and are low down on the leader board towards the end, don’t lose hope. If you still have a tournament balance, you still have a chance. It is a time to throw caution to the wind and take a high risk / high reward approach. If you don’t, you are going to lose anyway, so you might as well go for the win.
  • Analyze and measure – Whether you win or lose, analyze your trading pattern when the tournament is over to identify areas for improvement. You can then use what you learn the next time you participate.

Return on Investment

What is the best thing no matter what binary options website you are using?

That is right, it’s all about making profitable trades.

When you do make a successful trade you can receive up to 92% profit.

Banking

It is as easy to make deposits on IQ Option because of all the different forms you can pay your deposit. They allow you to use such things as Credit or Debit Card (Visa, Mastercard, Maestro), Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort to quickly make a deposit and get you onto the website to start trading.

As was mentioned before the minimum deposit of $10 is extremely low compared to the rest of the binary options brokers, but often traders like to deposit much bigger amounts as well.

Making withdrawals is a very streamlined process also. They will generally be processed in 1-3 business days and they can be done in many of the same forms as was used to make your deposit.

Keep in mind that in order to make a withdrawal the first time you will need to send scanned copies of your government issued ID, a scanned copy of a utility bill and a scanned copy of your signed credit card (it is required to keep only the first 6 and the last 4 digits of the card’s number visible and hide the CVV code) if that is the withdrawal method you are using.

There are no fees or commissions for deposits or withdrawals made with bank cards or e-wallets. The only commission is for withdrawals via bank transfer, which is $53.

Customer Service

Customer support was very helpful and very good at resolving issues but we had some problems with the way the customer service was handled. There is a phone as well as a live chat option for customer service and we were pleasantly surprised by this. It meant there was no way to get an answer to a question or concern in what would be a timely manner.

There’s an assigned account manager for VIP traders that can help you with any issues or concerns you have while using the site but they are not available 24/7 so at those times you may end up waiting for a response. We feel that IQ Option is excellent here.

Is IQ Option a Scam

IQ Option Ltd. is based in Limassol, Cyprus, but has many satisfied customers all over the world, including in Europe, China, South America, and many other countries. In fact, it is one of the most respected binary options brokers available. It has not earned that reputation easily. It has done it through innovation and by offering a trading platform that gives traders everything they need to execute trades and learn more about developing trading strategies.

This sort of innovation and development of the platform requires investment and commitment. IQ Option has been rewarded for this investment and commitment, as it has received many awards. These awards validate their position in the market and are an indicator of the quality of the platform. The awards include the most innovative binary options trading platform in 2020 because of the tools it offers to traders.

Our investigations have discovered that IQ Option operates strict policies regarding payments, and they have robust rules around protecting personal data and ensuring your money is safe.

Trading Cryptocurrencies with the IQ Option Platform

Traders using the platform have the ability to trade cryptocurrencies. One out of 7 crypto currencies can be traded via CFD instruments. The current crypto currencies which can be traded via the platform include:

Our first impression of graph controls is that it does take some getting used to. Perhaps the confusing part of the program is the way in which the move and zoom controls work. We also thought that the analysis tools were very basic especially for someone who has a Forex background. Though the indicators are the stars of the platform and are something, we recommend that you regularly use in conjunction with other technical tools.

The good thing about the program is that the withdrawal and deposit features are part of the primary interface. If you look at the bottom of the interface, you will find a list of all the trades other users are entering into, and all of this information is in real time. The data will help traders gauge the direction of the market even if it does not contribute to aggregate overall trader sentiment like the way SpotOption does with its platform.

There is also a mobile version of the platform mainly for users who need to trade while on the go. We like the fact that the asset list is long, including currencies, indices, stocks, and assets, which amount to over 500 underlying assets. Most traders will find all of these assets more than enough when it comes to helping them develop a more diversified portfolio which can withstand market volatility.

IQ Option adds Three new cryptocurrencies for trading

The cryptocurrency world, unlike the fiat currency world, is continuously changing. Each day sees vast shifts in value, trends and overall market share. Plus, we continue to see the emergence of new cryptocurrencies. Having said that IQ Option has added three new cryptocurrencies to their trading platform. The currencies added are Qtum, Stellar, and NEO.

Trading NEO

NEO for those who don’t know happens to be the very first non-profit cryptocurrency that’s based on the blockchain. The currency originated in China. It allows for you to arrange payments via digital assets and by using smart contracts similar to Ethereum and other currencies.

However, NEO shares other similarities with Ethereum too like they are both cryptocurrency projects that use open source technologies which makes them perfect for ICOs, smart contracts, and Dapps. Since it is similar to Ethereum with perhaps one of the significant differences being its country of origin, it is often called .“Chinese Ethereum.”

Features:

• Tokens are: NEO and GAS
• Assets happen to be protected by the law
• Support for various programming languages
• Transactions cost slightly higher than Ethereum
• Quick and simple transactions

Stellar Trading

Stellar is an open source, distributed hybrid blockchain which was created with the goal of facilitating the easy movement of finances. This currency speeds up the process and makes it a lot cheaper. The main advantages of Stellar Trading are:

Features:

• It allows for cheap and fast transactions.
• It offers better security than Bitcoin and Ethereum.
• It has built-in ICO functionality which makes creating a token and adding participants to a whitelist an easy process.
• The network can be used freely for commercially.
• Funds can be frozen in the event of erroneous transactions after which they are sent back to the sender.

Qtum trading

Qtum is one of the rare cryptocurrencies which combines the security of Bitcoin’s blockchain with the ease of use and smart contracts abilities of Ethereum. The platform gives users nearly unlimited opportunities to run a trusted decentralized network of applications. New services can be introduced to reduce the gap which currently exists between the conventional business world and blockchain technology.

Features:

• The system makes it very easy to verify payments.
• It supports businesses with aspects of transfer of their traditional agreements via the use of smart contracts.
• Smart contracts can be initiated via wallets. The wallets can exist on any mobile device.
• Safe and clear processes.
• The cryptocurrency is compatible with all existing Bitcoin and Ethereum gateways.

Stop Loss (SL) and Take Profit (TP)

IQ Option added Stop Loss (SL) and Take Profit (TP) to the Forex trading and Cryptocurrency trading options.

We consider Stop Loss and Take Profit to be two of the most significant new features to trade management system. Both these features perform a similar function to the Technical Analysis tool, but with one difference, i.e., the SL is used before opening a position while the TP can use used handle everything that follows opening a trade.

The Take Profit is a feature which allows users to set a price or value at which the transaction will be completed automatically when reached.

The SL and TP are tools which can help to ensure that a certain trade price is reached. The Stop Loss is used to minimize losses and not intended for taking a profit. So, a trader can set the maximum loss they are willing to bear for a particular asset. When the price drops to that level, it will execute an automated sell. This ensures security for the trader and prevents extensive damage to their bankroll.

IQ Option’s CFD and Forex Trading

Now traders can use IQ Option to trade both CFDs and Forex as well as binary options. The ability to trade both CFDs and Forex is an exceptionally powerful feature and a popular one at that too for traders who want to leverage the global markets to pad their risks.

Most people may find IQ Option’s CFD trading to be a little tricky since it has stringent licensing regulations. But it is this regulation which has helped create a healthy industry because traders can trust it to protect them.

The Forex trading feature is like exchanging currencies, i.e., one with the other. While CFDs rely on the differences between the closing and strike price. These are the same elements in binary options trading, and so most traders will be familiar with them.

IQ Option’s forex broker uses the platform to help traders expand their existing portfolio in an entirely transparent and organized manner. It is a feature that many newbie forex traders will find exceptionally useful.

Trading Forex CFDs via the IQ Option Platform

If you go to the forex CFDs trading screen, you can set the strike price for assets you are interested in trading. The buttons on the right will show you both ’buy’ and ’sell.’ Right above the buttons, there is a box where you can enter in the amount you want to trade and the overall multiplier or the leverage. IQ Option allows traders to leverage maximum 1:300, though it is set at 1:50 by default.

You can be sure that trading Forex CFDs on the platform is very simple. Also, there is no way for you to have a negative balance which can often be caused by using leverage instruments. So, in other words, IQ Option uses negative balance protection for CFDs traders.

Noted Drawbacks

This is the type of site that traders from the USA and Japan would be thrilled to place trades on but unfortunately the citizens of those countries cannot trade on IQ Option; that is something that the site’s management may want to work on in the future.

Key Features

There is simply a whole lot to like about the IQ Option broker. Their very low minimum deposit offers entry in to the binary option marketplace for just about anyone. Knowing that the deposit funds are also stored separately from company’s funds means that it is a fair and reputable site that can be trusted.

We also liked very much their innovative and forward thinking learning tools. It is very unique that their highly helpful demo account acts as a stand-alone account instead of being part of the regular trading platform; this enables the tech team at IQ Option to put features into the demo that make it more closely resemble the actual trading on the real website. The interactive learning tools are also very helpful.

Conclusion/Summary

It is really easy to see why IQ Option became so popular so fast. We loved that they were courageous and innovative enough to build their own web platform for their many users to trade on. We also give high marks to any site that is confident enough in their business practices to allow regulation.

They back everything up with outstanding customer support and the high marks that get on reviews like this show their commitment to help those that trade with them be successful and leave them with a positive trading experience. Simply put, we give this binary option broker a big thumbs up and would recommend all traders to give them a try.

To indicate IQ Option won us over and impressed us a whole lot would be making a big understatement to say the least.

Open a Free Demo Account by Clicking the Green Button Below

General Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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.

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

Binary options and digital options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page

Additional information

Customer Service: Email: [email protected] and 24/7 online chat + phone line
Support Languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Hindi
Trading Options: High / Low, 60 second and others
Assets: Currency Pairs, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 second, 2minutes, 5minutes, 15 minutes, 1 hour and End of Day
Deposits and Withdrawals: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort
Withdrawal Time: 1 working day
Demo account: Yes, free of charge, no time limit
Number of assets: 500+
Trading Platform: Web-browser, standalone app

IQ Option Articles:

Binary Option Trading Systems

References and Further Reading:

1. Automated trading system in an electronic trading exchange (John M. Marynowski, Catalin D. Voinescu, Stefan Puscasu, Thomas M. O’Donnell – 2007)

4. Electronic trading for principal/broker trading (Andrew C. Gilbert, Andrew Stergiopoulos, William P. Tselepis – 2020)

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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