The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Is IQ Option A Scam? An Award-Winning Trading Platform Reviewed!
Welcome to my IQ Option review!
No, the name doesn’t sound like it’s a place for IQ tests or anything.
In fact, the name has nothing to do with what it actually really is.
I am talking about IQ Option, an online trading platform.
First of all, I must Congratulate you for taking your time to do your own research before buying into any “seemingly good” product.
That’s the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I’m not associated with IQ Option in any form.
So, rest assured that I’m not here to pitch or sell anything to you.
Instead, I’m here to reveal what this multi-awarded online trading platform has that sets itself apart from its competitors.
Is IQ Option a scam?
It definitely is not a scam, but I’ll tell you why it’s worth your time.
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
IQ Option Review Summary
Product Name: IQ Option
Founder: Operated by IQ Option LTD.
Product Type: Online Trading Platform
Price: Free to sign up + Varied deposit amount (Minimum of $10)
Best For: Seasoned and experienced online traders who know their way around Forex, stocks, and other commodities.
Summary: IQ Option is a multi-awarded online trading platform for Forex, Stocks, and other commodities. Because it’s handled by hundreds of developers who work closely with experienced traders, the platform is able to provide a lot of features to its customers. That’s why I would highly recommend this platform to anyone who want to take their trading to the next level. However, a little bit of advice. It may not be intended for beginners, but they do have a demo account so they’ll be familiar with how the platform works. Regardless, the platform is stable, secure, and functional, so you are getting what you’re paying for and more.
What is IQ Option?
IQ Option is an online trading platform that allows you to trade in financial instruments like Forex, Stocks, Binary Options, and even Cryptocurrencies.
The platform was launched in 2020 and operated by IQ Option Ltd. The site then became one of the fastest growing online trading platforms with more than 20 million account holders around the world to date.
IQ Option is based in Cyprus and is regulated in the EU by the Cyprus Securities and Exchange Commission (CySec). Because they’re regulated, they are fully compliant with any legislation put forth by the commission.
They are also fully authorized to sell their products to clients in different jurisdictions.
Inside IQ Option
IQ Option provides you with different alternatives to trading, and you’re not just starting out as a binary options broker either.
Because of their numerous updates, IQ Option now allows you and others to trade the following digital options
IQ Option is a comprehensive trading platform that provides its users with a wealth of alternatives.
After starting out as a binary options broker, IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and a range of various digital options.
Some of IQ Option’s features
- Contracts for Differences (CFD) on Stocks – You can trade CFDs on stocks from over 7485 different companies, including the most successful businesses listed on the NASDAQ and NYSE.
- Cryptocurrencies – Users can also trade 12 of the top cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.
- Exchange-Traded Funds (ETF) – Exchange-Traded Funds or ETF is a new product that works by tracking commodities, indices, and assets. These can be traded in the same way as common stocks, and traders can choose from approximately 4288 different ETFs.
- Forex – This is an extremely popular trading market and IQ Option provides you with access to around 188 currency trading pairs.
- Options – You can speculate on prices on different assets, like stocks, commodities, and indices. The platform gives you access to over 10 million options.
Demo or Live Accounts
If you’re interested in trying out their platform before depositing any money, you can use their demo account facility.
Their demo account comes with a renewable supply of virtual funds that allows you to practice your trades as well as get you familiarized with the platform.
If you do decide to deposit money into the platform, you’ll then be bracketed into one of two account options:
- Real Account – A minimum of $10 investment is required and removes all restrictions on all trading functionality. This also gives you access to over 70 assets as well as process withdrawals.
- VIP Account – This is available for traders who deposit more than $3,000. In addition to the features found on the real account, IQ Option also provides you with a personal manager to assist you in your queries and issues, as well as access to monthly reports on your trading.
Is anyoption a scam?
The anyoption™ trademark platform is operated by Ouroboros, a company regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. 187/12. anyoption was one of the first online financial trading websites, with hundreds of thousands of loyal users from around the globe. Their website and mobile applications are fully localized in several languages, and their team of professionals provides 24/7 support and guidance. The firm offers an advanced trading platform for binary options and other innovative derivatives, and allows customers to trade and earn from the fluctuations in financial markets, whether positive or negative. You can pick your favorite stocks, commodities, indices and currency pairs, with a wide range of expiry points. Trading is available even when markets are closed. Anyoption uses Thomson Reuters as their main data source for pricing and expiry rates. All transactions are secured through SSL connection, and they manage their liabilities and exposures carefully. Customers’ deposits are held in a separate trust account and are not used for any purpose other than purchasing options by the customers.
They offer mobile trading and trader can trade anywhere. Their platform is operated by a group of reputable individuals with years of experience in risk management, derivatives, forex trading, exotic options pricing, payment processing and international laws and legislations. You can choose to manage your account in US Dollars, Euros or British Pounds. Once you chose the currency of the account, all the transactions in the account including deposits, withdrawals and trades will be in that currency.
Our top recommendation: regulated, reliable Binary Options Broker:
Is IQ Option a Scam Or the Best Broker? Read My Honest Review!
You probably already know that I am rather a long-term investor than a short-term trader. However, some time ago one of my friends what do I think about IQ Option. Is IQOption a scam? Is it a good place for trading currencies and binary options?
I had heard about the company because their trading platform is one of the most popular on the Internet. But before my friend asked for my opinion, I hadn’t tried it myself. I promised my friend to take a look.
I created a profile and started trading on that platform. Contacted IQ Option support for questions, took a call with them, won some money, then lost something and so on. Here is my honest IQ Option review. I hope you will enjoy and find this helpful.
Want to Get My 7-Day Email Course to Make Money Online?
Enter Your Email Below to Steal My PROVEN Formula to Create Your Own “Money-Making Machine” In a Week.
We respect your privacy. No Spam.
IQ Option Review
Name: IQ Option
Type: Binary and Forex Trading Platform
Number of Assets for Trading: +500 different ones
Minimum Investment: $1. Also a Free Demo Account Available.
Short Review: IQ Option is probably the best trading platform in the world. They have a great support, the platform is easy to use and the company is reliable.
However, trading is very risky and I don’t recommend it for almost anyone. I know from my own and other people’s experience that you can lose lots of money in a short period of time. In addition, trading doesn’t really provide for the other people in this world.
For long-term investing, I use Nordnet bank but at the moment it’s only available in Nordic countries.
IQ Option homepage is simple and easy-to-use.
What Is IQ Option About?
IQ Option is the industry leader in trading. They have more than 21,800,000 members already from all around the world. Their success is not a coincidence. While using their services I realized why they have succeeded so well.
On IQ Option you can trade:
IQ Option is especially designed for short-term traders, not for long-term investing like Nordnet. In this article, I’ll share a few words about the danger of trading and why +90% of traders lose money and only less than 10% win money.
How to Get Started on IQ Option?
IQ Option verification process.
You can easily sign up using your Facebook, Google+ account or email. Then you can start using their trading platform and see how everything works.
Do You Want a FREE & Easy-to-Follow 7-Day Course to Make Money Online for Beginners?
- My Personal 1-on-1 Support for You
Get Started for FREE Below Before this offer goes away!
On the right-hand side, you can see the verification process on IQ Option. There are 5 steps:
- E-mail confirmation
- Phone verification
- Verify your personal data. (Address, etc.)
- Trading experience. Strategies used. (IQ Option wants to be sure that inexperienced traders are aware of risks of trading.)
- Identity-proving documents. (Proof of identity and proof of your address.)
IQ Option is very professional with their identification because they want to make sure your account is secure and other people can’t use it.
They use the similar verification process like other reliable online platforms.
IQ Option Trading Platform – Ultimately Easy-to-Use
IQ Option trading platform is quite addictive.
In the picture above, you can see how IQ Option platform looks like. The green point moves forward all the time and shows you the current value of the assets that you are trading. In this example, the currencies are AUD/USD.
On the right-hand side of the picture you can see multipliers, an amount for investing, auto close option, buy and sell. On the left-hand side, you’ll find support, chat, your open positions IQ Option tournaments and other useful stuff.
You can change the view of the platform because it’s quite flexible.
You can follow multiple screens at the same time if you want.
You can use IQ Option trading platform on your browser or you can download their app to your phone or to your computer.
I recommend being careful if you are using IQ Option software on your smartphone. I accidentally hit my screen once and lost $50 because of that. That’s why I would rather recommend using the platform on your computer. IQ Option naturally wants that you download their software. It’s also a bit faster than a browser platform.
IQ Option Tournaments
One very interesting possibility is are IQ Option tournaments. They are an opportunity to earn good money with a little investment. However, you need skills and luck to win it and again, it’s more like gambling than investing which is a reason I don’t really like them.
IQ Option tournament platform.
In the image above you can see an example. There is a tournament that started 11.9.2020 and lasts 72 hours. So, it ends 14.9.2020. You can participate the tournament for $2 and the prize pool is $5,000 at the moment. 10 first ones will get prizes and the winner gets $1,100. The more participants there are, the higher the prizes will be. Here are the prizes for this tournament at the moment:
IQ Option leaderboard in the tournament.
IQ Option Support – The Best That I’ve Seen
Asking for support on IQ Option is easy.
I was literally surprised how good support IQ Option has. I believe it’s one of the reasons for their success. When I signed up, I received a call from their support team asking if I need any help. They have also responded all my messages and requests within the platform.
I have never had any money withdrawal problems on IQ Option but I’m sure I would get support if I ever need it.
The support team has been very friendly as you can see in the picture on the right side.
Dangers of Trading – Why +90% Traders Lose Money
Many people see trading as a way to earn lots of money in a short period of time. There are many success stories of traders who made millions in a couple of months. But do you know how many failure stories there are? For each success story, there are at least 9 failure stories in trading. While one guy earned millions in a few months, 9 guys lost millions in a few months.
Is it even possible to make a good money with trading in the long term or is it just gambling where the luck plays a big role?
Most of the traders are just gamblers even though they call themselves investors. They are just “playing the roulette” and trying to hit big. Do you know where it usually leads? To losing money.
First of all, for successful investing, you need a strategy and follow it with a discipline. I’ve seen many people who have a strategy but they forget to follow it diligently. In addition, there are many strategies that just lead to losing in the long run.
Click the Picture If You Are Interested in Earning a Living Online Like I Do.
If you think about the most successful investors in the world, none of them are traders. They invest for long term, not for quick wins. I am not saying that it would be impossible to make the profit when you are trading. But I want to remind you that it requires LOTS of studying and skills to become a profitable trader.
I know from my own experience that you can lose money very fast if you are gambling with the money. My record is losing 1,400€ ($1,670) in 5 minutes. That’s why I recommend that you don’t start trading before you have read at least a few books or watched videos from successful traders.
Binary Trading – Please, Don’t Do It
One of the most common options for trading is called binary trading. I highly recommend avoiding it.
Binary trading is just a gambling where you will lose money in the long run. In addition, the binary trading industry is full of scam artists who “teach” you how to get rich quick. I have reviewed some of those binary scams on my website: Free Money SystemBinary Matrix Pro, , Financial Independence Academy, etc.
If you really would have a profitable binary trading strategy, I would love to hear it in the comments section. However, I strongly believe it doesn’t even exist.
In my opinion, binary options are the same as playing slot machines.
Conclusion – Is IQ Option Legit Or a Scam?
IQ Option is definitely a legit company and you can trust on their service. However, I am not a big fan of trading and I don’t really recommend it for you either. Long term investing is easier and many times even more profitable.
At the moment we have also an interesting option to invest in Bitcoins and other cryptocurrencies. It will be interesting to see how the value of Bitcoins will move in the future. I believe in the long term potential. I give $10 free Bitcoins for all of my readers through this link.
If I would be a trader, I would probably use IQ Option because I like their platform and support. But as I mentioned in the beginning of this text, trading doesn’t really provide value for other people. You are just earning money from people who are losing it. Then the company in between (in this case IQ Option) takes its fees always.
I enjoy affiliate marketing because by doing that, I can provide value for thousands and even millions of people all around the world and I don’t even need to create my own products.
If you want to learn to earn money online with affiliate marketing, I recommend having a look at this step-by-step training. In my opinion, it’s a more sustainable way to earn money than forex trading.
7-Day Make Money Online Email Course – 2020
Learn SIMPLE steps to make a LIFE-CHANGING INCOME online. I will help you hand-by-hand!
What do you think about trading?
Do you prefer trading or investing?
Let’s discuss in the comments below!
If you have any questions regarding IQ Option or earning money online in general, feel free to ask me below.
(Disclaimer: Trading and investing involves substantial risk of loss and is not suitable for every investor. I recommend that you study the subject carefully before investing your money.)
|Legal Entity||Ouroboros Derivatives Trading Limited|
|Bonus||up to 100%|
|Full Address||Cyprus, Nicosia, 42-44 Griva Digeni Avenue, 1096|
AnyOption , launched in 2008, is one of the pioneer brokers in the binary options trading industry. We carried out a comprehensive review of Anyoption broker to evaluate whether it is still pioneering the industry in terms of offering quality conditions for trading.
After searching various websites and forums, we didn’t find any weighty negative user feedback regarding AnyOption. Some of the complaints we noticed were about novice traders who seemed to have made risky and uncaring trade decisions. So Anyoption is not scam, it’s one of the most reliable brokers.
Overall, we can confidently affirm that AnyOption is a very credible broker, particularly because it is fully licensed and regulated by the Cyprus Securities Exchange Commission (CySEC) under license number 187/12.
What’s more, the broker is also under the watchful eye of other regulating bodies around the world, including European Securities and Markets Authority (ESMA), Markets in Financial Instruments Directive (MiFID), Financial Conduct Authority (FCA), and many others. So, you can be certain that AnyOption is not a scam broker and you cannot lose your funds fraudulently with the broker.
One major drawback we discovered from our AnyOption review is that it lacks sufficient regulation to allow U.S.-based traders.
Anyoption Trading Platform
The broker offers a user-friendly and innovative web-based platform that allows traders enjoy a hassle-free and profitable trading experience. You do not need to download any software before starting to trade binary options with AnyOption.
During our AnyOption review, we observed that the broker does not offer a free demo account to traders. Nonetheless, we noticed that the broker has designed their service in such a manner has to render a demo account unnecessary.
This could be a big merit because it saves you the hassle of signing up for a demo before enjoying the rewards of binary options trading. To try out AnyOption’s trading platform, you just need to go to the broker’s site and assess the different features of the platform without the need of registering for a demo account. AnyOption’s trading platform has a wide range of unique trading tools, including Option+, Binary 0-100, and One Touch.
Assets and Payouts
AnyOption offers more than 100 financial assets for trading, including stocks, indices, commodities, forex, and interestingly, Bitcoins. Remarkably, you can trade any of your preferred assets even if the markets are not open.
In terms of payouts, the broker offers up to 94% profit and 5% refund on investment. This means that you can gain whether your trade turns out positive or negative. For example, if you invest $100 in a trade, you could get a return of $194 if the trade is correct or $5 if the trade is incorrect.
Deposits and Withdrawals
AnyOption offers a fast and easy registration process of new accounts—we noticed that it takes less than 3 minutes to open an account and make a first deposit.
AnyOption provides various secure and popular deposit and withdrawal options to customers, including debit and credit cards, wire transfer, Skrill, and Neteller.
The minimum first deposit required with AnyOption is $250. Importantly, the broker keeps customers’ capital in segregated accounts and the funds are solely used for completing the orders made by the customers.
Once you’ve opened an account with the broker, you’ll be given a tailored account type based on your deposit amount, preferences, and trading style. AnyOption does not have predefined account types. Furthermore, the amount of bonus you will earn will be determined on a case-by-case basis, and can reach up to 50%.
The withdrawal process is fast and without much hassles—you just need to submit your request and the rest will be handled quickly.
Our AnyOption review has revealed that the broker offers reliable and professional customer service. Broker’s site is in different languages, so you can always choose to use a language that suits you the most. Furthermore, the multi-lingual customer support staff can be reached anytime, 24/7, through email, phone, or online chat.
The broker’s site also has widespread educational materials and tools you can use to take your binary options trading career a notch higher. After opening an account, you will be assigned a dedicated account manager who will help you remain focused and profitable with your trading.
- Long history in the binary options industry
- Fast and secure deposit and withdrawal options
- Ability to profit even from negative trades
- An extensive number of assets
- User-friendly web-based platform
- Availability of mobile trading
- Experienced and supportive customer service
- Availability of signals and social trading tools
- Case-by-case bonus of up to 50%
- No demo account
- US traders not allowed
- Relatively low payout %
Our AnyOption review has revealed that the broker is still pioneering the industry in terms of offering the right set of tools and a healthy environment for traders to make the most out of their trading activities. There are also talks about a possible IPO in the London stock market.
Broker is rightfully the pacesetter in the industry. Notably, we are pleased with the broker’s simplistic approach to trading, and this could be the main reason why it has remained at the forefront throughout its years of existence. Whereas the binary options industry is getting crowded with all sorts of brokers, it can be a good idea to stick to innovative brokers, which has remained trader-focused from day one.
Range of Services
STEADYGROWINGWEALTH101 is a lifesaver. The first time I ever felt terrible about my life was when I lost my JOB OF 7 Years. It all started when I was roped with organization theft. I lost almost everything I had ever worked for. I was just distorted and didn’t know what else to do. I had left about $40,000 and I literally took the risk of investing about $10,000 through STEADYGROWINGWEALTH101. C O M Very daring, right? Well, the outcome of my move has made me great returns on investment. I have invested even a lot more because of the ROI.
Rodney says “I invested over $90,000 from my pension funds in BTCINVESTLIFESTYLE. COM and yes, I’m making a lot more already. Besides, I got some little profit payout in 3days . Their support is simply great. Also, I was introduced to XRP Ripple, ZRX and some other altcoins Crypto which they told me to keep for some years asides the returns I’m being paid. This is a great system to help with money management and portfolio buildup. Great team!”
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!