Power Option Broker Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Contents

Broker ExpertOption

Broker rating

ExpertOption – another broker among the young companies, offering binary options trading services. The company is registered in 2020 in Great Britain, but there is still no information whether it will get the British FCA license or not this year. But the license of Russian regulator CROFR was issued long ago and is still active.

Partially the product is similar to those that the young brokers have, that were registered 1-2 years ago:

  • emphasis on the trading platform and its features, functionality (ExpertOption has proprietary trading platform with high execution speed);
  • a fairly broad set of classic options and assets;
  • low threshold for entrance into trade with the aim of attracting potential clients.

Advantages of trading conditions of ExpertOption:

  • free demo account (part of functions are limited, access to statistics is denied);
  • profitability up to 95% from the transaction;
  • more than 180 of available assets;
  • minimum deposit – 10 USD (or 500 RUR), minimum stake – 1 USD.

There is a tutorial block of trading recommendations for the beginners. For real traders ExpertOption offers 5 types of accounts depending on the deposit. Minimum deposit (in rubles) is 500 RUR, maximum 200 000 RUR.

Variants of options are rather limited from ExpertOption: so far only the classic quick options with the expiration time from 1 to 3 minutes are available for the investor. Soon the long-term options (24 hours and 1 week) should appear.

The main feature of deals from ExpertOption is that the broker provides, in some cases, a refund of 30-50% of the investment in case of wrong prediction, whereas other brokers in most cases do not return the money, calling it a loss of the investor. However, 30% are returned when with Silver status, 50% with Vip status.

Piculiarities of ExpertOption trading platform:

  • easy visualization of trade: the graphs in the form of American bars, Japanese candlesticks, linear method;
  • it is possible to put three popular indicators: moving averages, Bollinger bands, alligator;
  • convenient interface and changeable number of Windows (for example, it is possible to work with 4 independent options).

After you tried the free demo account, where 1000 points are offered for the experiment, we offer to try your forces on real trading. Quotes for any asset are displayed in ExpertOption trading platform in real time if the real account is opened (the quotes provider is Claws&Horns). To register: enter contact information, confirm email address, add fungs at “Finances” section. Depending on the Deposit amount a trader can be assigned various status that determines the amount of bonuses offered by the broker.

  • Important: the bonuses provided by ExpertOption, must be worked out in consequence. Therefore, we strongly recommend that before you accept the bonus, contact the Manager and clarify what it will require in the future.

Trading platform has the function of copying the trading (social trading). Although it is difficult to surprise, however, each terminal has its approach to this function. How to manage the service “Social trading”:

  • choose trades on the sidebar whose transactions are showing the highest yield;
  • track transactions for multiple traders;
  • copy their trades.

Remember that the speed in making a decision is important in short-term trades! And the trade copied from the successful trader with a delay of 30 seconds on the contrary could be wrong.

Replenishment is possible via a popular e-wallets, and Bank cards of international payment systems. Deposit currency is US dollar and Russian ruble. Withdrawal of funds is carried out within 3 days. For verification data a passport scan and scan of the card on which money can be withdrawn can be required.

To sum up: ExpertOption is gaining its weight in the market of binary options. Some of the benefits of the broker are obvious: the minimum rates, small deposit, expedited withdrawals. However, in order to feel the real difference of ExpertOption from other brokers, you need to try to work with him. We are sure that you will certainly find something interesting in it.

ExpertOption – reliable broker for good income!

Spectre AI Review – Decentralized. Broker-less. Fraud free

Spectre AI is the first blockchain based platform for CFD and binary option, allowing direct trading through a localized account on their platform or decentralized from your wallet! Read my full Spectre.ai Review to learn more about the first smart contract based platform for binary options and CFDs! Or watch my review video in German with your favorite subtitles:

Introduction to Spectre.ai

SpectreAI, controlled by Spectre Global Limited, a financial company owning spectre! Withdrawals, deposits, and trading transactions are managed by a smart contract or a set of smart contracts on the Ethereum Blockchain! Read on to discover why this makes a huge difference! Spectre is regulated by the Costa Rican oversight, licensed under certificate number 58373902020!

“Traditional Broker” and why they are a problem?

If you browse the web for bad broker experiences, I bet you will discover 1000s and more entries in forums and blogs. This does not mean that every broker is scamming its clients, but it happens often, sometimes by accident and sometimes with pure intention!

Most common problems are manipulated charts, unfair bonus terms or terms of use, hidden fees (for inactivity for example), and finally, the danger that the broker doesn’t pay out your winnings.

The problem here is, that the broker will only make a profit when the trader makes a loss (for binary options trading). So if the majority of traders win the most of their trades, the broker will lose money! Read on why Spectre is completely different !

Spectre — Broker-less Binary Options Trading

For several months, the whole world is talking about the Blockchain-technology, Bitcoin, and Ethereum as well as other cryptocurrency projects! One of the reasons is, that the blockchain technology almost instantly generates trust, as all transactions are viewable for everyone.

Since the Ethereum blockchain, so-called smart contracts, set of rules and actions running completely decentralized on the Ethereum Blockchain, can be used to control and automate whole businesses.

All transactions, withdrawals, and deposits on Spectre are handled by smart contracts on the Ethereum blockchain, so no one can access any clients capital , except the client itself! If you make a trade, a smart contract takes care of the needed transactions!

This ensures that no one will run away with your money as it simply is not possible! You also can examine the smart contracts used by Spectre as they are completely open source!

SpectreAI also offers two types of trading accounts (besides the demo account you can get here), the regular trading account, working like a normal broker account, you make a deposit and can trade with your deposited money! The other type is the Wallet trading account, here you do not need to make a Deposit, instead you send your investment amount directly from your Ethereum Wallet, if you win your position, your Return is sent back to your Wallet, if you, lose Spectre will keep your money and send it to the winning party!

Click here to learn more about Spectre on their Website!

Security & The Ethereum Blockchain

As Spectre runs on the Ethereum Blockchain, it takes advantage of all benefits a blockchain has to offer.

The Blockchain can´t be manipulated afterward. And no third party can make changes to any data!

As Spectre is running on 1000s of PCs at the same time, a downtime is almost impossible! As long as Ethereum Blockchain is running, Spectre will run too!

Spectre has a high-security standard and uses cryptography to protect accounts and sensible data from fraud! Watch this short video from Spectre showing these aspects in detail:

Click here to Create a Free Account and Try It For Yourself!

Spectre Trading Platform, Minimum Trade, Assets and Expiry times

Spectre offers a clean trading platform with some amazing and unique features. One downside for many may be the fact, that Spectre only accepts payments in Ether, so you need an Ethereum-Wallet in order to create an account with Spectre!

After entering your email, name, Eth Address and some more information, you will get an email you need to confirm in order to activate your account!

After the first login, you need to set up your account settings, like personal details, Token privileges (You can invest Utility Tokens in order to get some benefits), risk management, trading signals and much more…

SpectreAI provides 3 forms of investing: A-Bock Trading, Smart Options, and CFD trading, let’s take a look at the advantages and disadvantages :

A Book Trading — Here you can trade CFD Options between several assets. It is very similar to CFDs, depending on your investment you will earn a specific dollar amount per pip!

A Book Trading is highly regulated and it is the only centralized trading option Spectre offers its traders. Spectre connects to A Book platform using fiat money to be able to offer this type of trading to its clients! It can be seen as Low Risk/Low reward trading if it is used the right way!

CFD Trading — CFD Trading at Spectre also is Low Risk/Low reward trading. You can invest in many different assets and there is no expiry time or time limit for your trade! Just set a “Stop-Loss” level to limit your loss in the case the price moves against you and set a “Take Profit” Level to secure your profit when it hits a specific level!

Smart Options — These Options are very similar to High Risk/High Reward binary options. if you win a position, you will make between 60 — 90% on top of your investment, if you lose a position you lose your entire money in most cases! You can trade smart options on several different assets, including cryptocurrencies, stocks, currency pairs and much more!

Spectre even allows you to trade exotic types of binary options like ladder options, High/Low, Call Put and many more…

SpectreAI offers more than 70+ Assets to trade. You can choose expiry times from 10 Seconds till the end of a day or you can completely specify the endpoint of your smart option trade! Payouts depending on the traded asset and expire time, as well as market conditions. They range from 5% on Weekends with no movement at all up to 90% in highly volatile markets!

Click here to Create a Free Account and Try It For Yourself!

Minimum Trading and Deposit Amount — The minimum trading amount at Spectre AI right now is 1 USD in Eth, the minimum deposit amount is just 0,10 Eth right now!

Trading Signals on Spectre

As Spectre is working different compared with binary brokers, it really provides useful trading signals for different strategies you can choose in the settings menu!

While binary options broker doesn´t want you to win a trade, spectre just earns 2 % from every trade flat, so they do not have a problem to provide useful trading signals to let you make a profit while they still earn their money!

I suggest you just create a demo account and check out the different signals and how they are working for yourself!

Spectres Chart system

As you can see inside the video or the pics on this site, SpectreAI offers a clean and usable chart system, with many tools to analyze market conditions and predict market movements!

Risk Management

Here you can see another direct difference between Spectre and traditional broker, while broker wants you to trade, without caring about risk, Spectre forces you to choose a risk management, and to keep it for at least 7 days!

This way you can define a max. drawback, max. amount of lost trades and much more — if a condition is met your account is restricted for 24 hours! This ensures that you have enough time to control your emotions and get back to your logical thinking!

Spectre.Ai Free Demo account

Spectre offers a free demo account preloaded with 99 Eth to try their platform and trading strategies! If Spectre sounds interesting to you, just click here and create a free demo account to try this platform yourself!

Spectre Worldwide (Except US)

Right now, spectre accepts traders from all around the world including European Countries, Canada, and almost all others! The only exception: Spectre does not accept traders from the US!

Click here to Create a Free Account and Try It For Yourself!

Withdraw and Deposits at Spectre AI

Like mentioned already, does Spectre only accept Deposits through the Ethereum Blockchain, this means you need an Ethereum Wallet (My Ether Wallet for example) in order to create an account and make a deposit!

This means you need to invest in Ethereum, and you need to send it to Specrte if you want to trade on a regular account! Click here to find out how to purchase ethereum! I recommend to use HODLY or My EtherWallet as wallet for Ethereum!

Real Money Trading Without Deposit

Using an Ethereum Wallet, and the wallet Account option, you do not even make a deposit, as you can trade directly from your Ethereum Wallet — using this feature you really trade completely decentralized!

If you want to enter a position, you will get a specific Eth address, afterward, you just send the investment amount per Ethereum Blockchain to this address, if you win you will get your investment and your return if you lose it will be transferred to the Liquidity pool!

Spectre Disadvantage

The main disadvantage is the fact that you need to use the ethereum blockchain to make a deposit. It is secure and a great technology, but you need to know how it is working, click here for a full guide to cryptocurrencies and how to use them!

Another point to consider is, that your account balance in Spectre is counted in Ether, this means that your capital is directly connected to the Eth price, if it is losing value, your account balance does lose value as well!

How Spectre Earns Money?

If you take a look at the technology behind Spectre, you will learn that it is almost impossible for spectre to scam anyone. They also use a completely different business model compared with traditional binary options broker, as they earn a volume based fee from every trade, while traders trade against each other or against the “decentralized autonomous liquidity pool”, a financial pool from Spectre and a few other ethereum blockchain based Dapps only accessible from specific smart contracts!

Spectre AI- Decentralized. Broker-less. Fraud-free!

Like you should have read inside this Spectre AI review, Spectre offers a lot of unique features and benefits, while the decentralization and fraud-free operations of spectre are the most important aspect in my opinion!

The only real downside is the needed knowledge about cryptocurrencies, but it only takes a few hours to get into cryptos and learn how to use them!

I really like spectre and will make it my main broker for binary options, ensure to create your free demo account by clicking here and see why I already love this broker!

Click here to create a free Account NOW!

Spectre Ai FAQs

If you have any questions about the Spectre trading platfrom not covered in my Spectre Review, please be so kind and leave me a short comment with your unanswered questions! I will do my best to answer them here as fast as possiple!

Best Options Trading Platforms

The best options brokers have a wealth of tools that help you manage risk

Investopedia is committed to rigorous editorial standards to provide our readers with the best advice and recommendations. We may receive compensation when you click on links to products we reviewed. Learn more about our methodology and review process.

We recognize that we all are living through a particularly volatile time as we deal with this global crisis, and financial markets have also seen unprecedented change, impacting all investors. Our mission has always been to help people make the most informed decisions about how, when and where to invest. Given recent market volatility, and the changes in the online brokerage industry, we are more committed than ever to providing our readers with unbiased and expert reviews of the top investing platforms for investors of all levels, for every kind of market.

Options trading has become extremely popular with retail investors since the turn of the 21st century. Our best options brokers have a wealth of tools that help you measure and manage risk as you determine which trades to place. They also include valuable education that helps you grow in sophistication as an options trader.

Best Online Brokers for Options Trading in April 2020:

  • tastyworks: Best Options Trading Platform
  • tastyworks: Best Broker for Advanced Options Traders
  • tastyworks: Best Broker for Mobile Options Traders
  • E*TRADE: Best Broker for Beginning Options Traders
  • eOption: Best Broker for Low-Cost Options Trading

Best Options Trading Platform, Best for Advanced Options Trades, and Best for Mobile Options Traders: tastyworks

  • AccountMinimum: $0
  • Fees: $0.00 stock trades, $1.00 to open options trades $0.00 to close

Tastyworks says that more than 90% of the trades placed by its customers are derivatives, so they naturally spend their time designing a lot of tools specifically for options and futures traders. Everything is designed to help traders evaluate volatility and the probability of profit. Tastyworks’ entire platform is geared towards making decisions and taking action. Tastyworks opened its virtual doors in 2020, so it isn’t saddled with legacy systems that bog down many of the older online brokers. This has helped it tremendously in keeping the options trading experience to the essentials. Tastyworks’ executions are fast and the costs are low, with commissions capped for opening orders for options on equities and futures at $10 per leg.

Watchlists are a key component of the tastyworks platform, and they are the same on mobile, web, and download. The look and feel of the mobile platform is very similar to the desktop versions, though you’ll find price wheels and ways to define trades that minimize the possibility of making a mistake. As you build a position from a chart or from a volatility screener, a trade ticket is built for you. There’s also a video viewer embedded so you can keep an eye on the tastytrade network. Though a newcomer to options trading might be initially uncomfortable, those who understand the basic concepts will appreciate the content, features, and focus apparent throughout tastyworks’ platforms.

All of the tools you’ll need for analyzing and trading derivatives are built into the platforms.

The charting capabilities are uniquely tuned for the options trader. If you have multiple positions on a particular underlying, you can analyze the risk profiles of the combined position.

There are hours of original video from tastytrade every weekday, offering up-to-the-minute trading ideas, plus a huge library of pre-recorded videos and shows.

Newcomers to trading and investing may be overwhelmed by tastyworks at first.

There is no fixed income trading (outside of ETFs that contain bonds) for those who want to allocate some of their assets to a more conservative asset class.

Any additional portfolio analysis beyond profit and loss requires setting up a login on a separate site, The Quiet Foundation, which is also part of the tastytrade empire.

Best for Beginning Options Traders: E*TRADE

  • AccountMinimum: $0
  • Fees: No commission for stock/ETF trades. Options are $0.50-$0.65 per contract, depending on trading volume.

New options traders need some help in understanding how trading derivatives can help improve portfolio returns. E*TRADE’s more advanced platforms are elegantly designed and guide you along the way. When you graduate to options and derivatives, the Power E*TRADE website and mobile app can help you learn. The Power E*TRADE site and app can be set up to put the functions you use most often front and center so you don’t have to dig around for them. The platform has all the features inherited from E*TRADE’s acquisition of OptionsHouse technology, which includes a wealth of helpful educational resources for the developing options trader. Watchlists are integrated across E*TRADE’s platforms, and the full range of tradable assets is accessible on the mobile apps. The workflow is very smooth on the mobile apps. We also found that using Power E*TRADE on a tablet is quite pleasant.

Mobile apps are extremely well laid-out and easy to use and are among the most comprehensive and extensive apps tested.

Spectral Analysis on Power E*TRADE is a visually stunning tool that helps you visualize maximum profit and loss for an options strategy and understand your risk metrics

You can test strategies using the paper trading capabilities of E*TRADE Pro’s desktop platform, which uses delayed data so you won’t think you’re placing real trades.

On all platforms, you’ll find a ubiquitous trade ticket with streaming real-time data.

Tiered commission schedule for options trades, charging $0.65 per contract for less frequent traders and $0.50 for those who place more than 30 options trades per quarter.

Investors who would like direct access to international markets or to trade foreign currencies should look elsewhere.

You cannot consolidate your externally-held accounts to form a complete picture of your net worth on E*TRADE.

Best for Low-Cost Options Trading: eOption

  • Account Minimum: $0
  • Fees: $0 per stock/ETF trade, $1.99 base per leg plus $0.10 per contract for options trades

eOption charges $1.99 per leg for options trades, but the per-contract fee is significantly lower than its competitors, making it great for heavy options traders. eOption also offers commission-free stock and ETF trading so those who are options-oriented traders but also want access to other assets at a low cost will have no issues here. Clearing and exchange fees, typically a fraction of a penny per share, are spelled out on the order confirmation screen and are passed through to customers. eOption also scored highly for its relatively low margin rates.

eOption offers great value for frequent options traders.

The browser-based eOption Trader platform is easy to use.

Newsletter subscribers can auto-trade their alerts.

Limited education offerings.

News feeds are limited.

Any OTCBB (penny stock) trades must be made with a live broker.

Other Options Considerations

The commission structure for options trades tends to be more complicated than its equivalent for stock trades. Until the commission cuts that swept the industry in the fall of 2020, most brokers charged a fee for each leg of an options spread plus a commission per contract being traded. The per-leg fees, which made 2- and 4-legged spreads expensive, have been eliminated industry-wide, for the most part. We are also seeing some brokers place caps on commissions charged for certain trading scenarios.

Investors with fairly large portfolios can also take advantage of portfolio margining at some brokers. This is a practice that assesses the total risk inherent in a portfolio that contains stocks and derivatives. Investors with large portfolios can use portfolio margining to reduce the size of the margin loan.

What Kind of Options Trader Are You?

The first and most important piece of information to consider before selecting an options trading account is what kind of trader you are. What is your trading style and risk appetite? Which tools would you like to have handy?

Options are complex products to understand and trade. All of the brokers listed above allow customers to build complex options positions as a single order. Some brokers, such as Vanguard, only allow one position per order, leaving it to the individual trader to place multiple orders one at a time to create a combination position. Merrill Edge lets you place two-legged spreads, but anything more complex will require an additional order.

If you’re just getting started with options trading, the quality of education and help offered by your broker is important. Frequent traders and those who trade a large number of contracts will be more sensitive to commissions and fees, so check out your prospective broker’s charges and make sure you understand them.

Methodology

Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. Our reviews are the result of months of evaluating all aspects of an online broker’s platform, including the user experience, the quality of trade executions, the products available on its platforms, costs and fees, security, the mobile experience and customer service. We established a rating scale based on our criteria, collecting thousands of data points that we weighed into our star-scoring system.

In addition, every broker we surveyed was required to fill out an extensive survey about all aspects of its platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of its platforms at our offices.

Our best options brokers have a wealth of tools that help you measure and manage risk as you determine which trades to place. These brokers include valuable education that helps you grow in sophistication as an options trader. Investors with fairly large portfolios can take advantage of portfolio margining at certain brokers, a practice that assesses the total risk inherent in a portfolio that contains stocks and derivatives, and can reduce the size of your margin loan.

Our team of industry experts, led by Theresa W. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Click here to read our full methodology.

Power Option Broker Review

Hi everyone, This is a summary detail of IQ Option. IQ Option is an international broker working with clients in 36 countries around the world and has a fastest continuously growing number of active trading accounts. They have own binary option trading platforms. you can see a full IQ Option broker review below.

Basic information about IQ Option:

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Brand Logo
Rating
How to open account
Minimum Deposit $10
Minimum Trade $1
Maximum Trade $5000
Demo Account Yes (Click here to get free demo trading account with virtual $1000)

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Trading Plateform There are 6ways to trade binary option with IQ Option.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Trading Platform Indicators / Tools Yes

CCI, ADX, ATR, Awesome, Stochastic, MACD, Parabolic, Force Index, Bollinger Bands, Sliding Middles

Beam, Horizontal Line, Fibonacci Retracement

Trading Platform Time Frame
  • Second: 5, 10, 15, 30 seconds
  • Minute: 1, 2, 3, 4, 5, 10, 15, 30 minutes
  • Hours: 1, 2, 4, 8, 12 hours
  • Day: 1 day
  • Week: 1 week
  • end of a month
Trading Platform Chart Type Tick Chart, Linear, Candle Stick, Bars
Asset 5 Asset Types

Stock, Indexes, Currency, Raw Materials, Metals

or 500+ Assets available

CAD/CHF EUR/AUD GBP/AUD AUD/JPY GBP/CAD GBP/CHF EUR/CAD USD/CAD CHF/JPY AUD/USD EUR/USD EUR/GBP etc.

Check More available asset click here

Payment Methods Credit Cards (Visa/Mastercard), WebMoney, Skrill, Neteller
Languages Support English Français Deutsch Italiano Español 한국어 Bahasa Indonesia Norsk Português Svenska Thai
Türkçe 中文简体 Русский
Countries: All countries are eligible except USA, Canada, Australia, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran. The use of the IOS mobile application for trading is not available in Malta. The Android mobile application is not available for use in – Malta, Myanmar, Liechtenstein and Cuba.
Historical Quotes Yes

(The quote history contains information on the exchange rates of currency pairs and many other financial instruments over various time periods)

Tutorial Yes (16 Videos – Learn Binary Options for beginner)
Tournaments Yes
Regulated Broker Yes (CySEC Regulated, License NO. 247/14)
Partner
Awards
  • Fastest growing binary option brand
  • Best mobile trading platform
  • Most Innovative binary option platform
  • Best binary options broker Europe 2020
  • The Best binary options broker and best binary options broker/trading application
  • Award in Best Binary Option broker
  • Most Innovative Binary Option Broker
  • Most Reliable binary options broker
  • dWorld’s leading binary option broker
  • Best trading platform

See on awards on official site Click here

In the Press Check out all IQ Option news Click here
Accounts in the System
  • 2020 – 950,000 accounts
  • 2020 – 3,450,000 accounts
  • 2020 – 11,000,000 accounts

Continued growth

Trades per day
  • 2020 – 200,000 deals per day
  • 2020 – 1,000,000 deals per day
  • 2020 – 3,000,000 deals per day

Continued growth

Trading Volumn
  • 2020 – $10,000,000
  • 2020 – $100,000,000
  • 2020 – $11,000,000,000

Continued growth

Monthly Payments to traders
  • 2020 – $500,000
  • 2020 – $1,500,000
  • 2020 – $5,700,000

Continued growth

Processing time for withdrawing requests Only 1 working day
Support Yes

Chat Support – The average response time: 46 seconds

Tickets – The average response time: 24 minutes

Employees in IQ Option Support department 39 specialists
Popularity Popular in South Africa, Switzerland, Thailand, Austria, Poland, Czech Republic, Singapore

Dealing with 178 countries worldwide

Processing Orders CALL/PUT has processing time only 1 seconds
Risk Warning: Binary options trading may not be for everyone, so please understand the risks involved before making an investment decision.

* This video was recorded on January 20, 2020. Past data may not affect the present or future.

Overviews

Trading binary options is a very interesting activity to engage in. in recent times, many people have become interested in this trade, and the influx of new entrants is commendable. As with any activity that has become the “hottest thing” at the moment, many platforms have been developed to offer the binary traders a good medium through which they can work. Unfortunately, this has created quite a challenge for new entrants because it is quite difficult to choose one from the many platforms available to pitch their tents. This is why reviews are good. We have taken time out to identify some notable sites and give a good review that will act as an excellent guide to everyone. In this article, we will be reviewing a quite notable and popular binary options broker known as the IQ Option.

We can trace the founding year of IQ Option to 2020. Our investigations have revealed that the reviews posted about this broker from satisfied users have been very commendable. It is also important to note that the customer base of this progressive platform has steadily increased over the years since its establishment. It is however not surprising that we have chosen to give our own review of this site that offers an excellent platform for binary trading options.

Our review will cover aspects like signing up and creating an account to actual trading and the customer support experience.

  • A reliable trading platform.
  • Flexible options
  • Outstanding returns.
  • User friendly application interface.
  • The minimum investment for trading is very affordable.
  • The platform is compliant with the regulations specified by the CYSEC.
  • Independent demo account.

Cons:

  • This service is not available in prominent countries like the USA, Canada, Israel, Sudan and Iran. Quite a challenge.

How to use the IQ Option mobile platform

IQ Options has consistently maintained its position as a pioneer and progressive binary option trading platform since its inception in 2020. The company started out as the first Russian broker in the industry and over the years of operation, the features and services have been developed to provide one of the easiest and reliable platforms through which binary trading options can be performed.

The advancements if the features have been constantly developed to improve every users experience when they need to study the market trends identify the right signals and make their trades. The administrative and tech team behind IQ Option have not rested on their accomplishments as they have gone ahead to introduce IQ Options very own mobile application. This step was taken to keep up with the growing tech trends all over the world. With this app, traders can now carry out their binary options trading activities anywhere they are.

In our opinion, we will rate the IQ Option mobile app five stars with a very commendable text attached. It is simply wonderful when used for binary options trading. It has been designed to have a user friendly interface; speed and reliability have been a major plus for this app considering the needs during an active trading session. The developers have made it suitable for both the experienced traders and the new traders who are still trying to understand how the trading activities work. When compared to the apps developed by other binary options brokers, this feature is by far the best.

It is also not surprising to note that many traders have adopted using the app while they move from place to place rather than confine themselves to sitting in front of a computer for long hours.

Some important features of the IQ Option mobile app that have been responsible for its wide acceptance in the public include the ease with which signals can be generated once a good study of the asset prices has been done. We have found it quite easy to make good predictions that help us to place the right trades. This is all possible because of the ease at which the mobile app is used to perform these actions. Many years ago, it would have been difficult to believe that the trading graphs will be easily read from the screen of a smart phone . With this app, it is very easy to pick out the relevant information needed while reading the trading graphs.

The developers of this app have taken into consideration that to be a successful trader in binary options, it is important to make the best predictions that will earn the highest profits. I am confident that this is one of the major reasons this app has been created to be user friendly and to run very smoothly while live trading is going on.

Using the app is very secure, considering the sensitivity of the personal information used during a trade, protecting every user from the horrors of the internet has been adequately settled. There are other features like the notification settings which can be used to monitor trades, and study the current trends in the market.

How to trade on IQ Option – Binary Option

Take a look video below from official IQ Option group:

* This video was recorded on January 28, 2020. Past data may not affect the present or future.

or from an official channel on youtube:

Downloading the App

The IQ Option app is readily available for download on the IOS and the Android app stores.

The effectiveness of this app is one of the major reasons why many traders have signed up with IQ Option. It provides a flexible and convenient means through which binary options trading can be effortlessly done.

Get free iq option app by click icons below:

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Signing Up

Creating an account is very easy. A form will be provided on the signup page. Filling this form was quickly done, and we went on to the verification process which went smoothly as well. To begin an actual trade we were required to make a small deposit $10 and we had access to the trading platform.

We find it really encouraging that IQ Option pegged the minimum trading fee at $10. This means that almost everyone who is interested in binary options trading can have a trial with this broker and if it goes well, a new business has started. click here to start trading

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Have you tried automated trading yet?

Trading is now very easy with the use of reliable fully automated trading software. We recommend the IQ Option Robot for this purpose. The reviews are simply astonishing, it is even more amazing to note that professional and experienced traders all use this software for their trading. Now for the good news- this software is available free of charge for our readers. Start trading by using iq option robot by clicking the link below:

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Types of accounts

IQ Options has thoughtfully limited the number of available accounts to just two. This is because the developers believe that every user should have access to all the useful features in fairness. The features of the two accounts are-

The IQ Option Real Account:

  • Access to Over 500 assets
  • Free access to all trading features
  • Access to partake in trading competitions
  • Quick and reliable withdrawals completed in three days
  • Live trading with real money.
  • Minimum required deposit of $10.

IQ Option VIP account:

  • Access to over 500 assets
  • Free access to all the trading features.
  • Access to partake in trading competitions.
  • Quicker withdrawals, transactions are completed within 24 hours.
  • Real live trading with real money.
  • Access to a personal manager.
  • Monthly analysis trading reports prepared by our professional analysts.
  • Exclusive VIP access at $3,000.

Account and Banking Options at IQ Option

IQ Option gives users the choice of signing up for different classes of accounts. The final decision will be made based on the needs of the users and how much investment they are prepared to start trading with.

It is advisable to start with a real account when you have had some education and practice with binary trading options.

In no time, you will upgrade to the VIP accounts to enjoy the attached benefits.

The following options are available for users who wish to make their deposits-

  • Credit card – MasterCard and Visa Card
  • Skrill
  • Web Money
  • Neteller

As an upcoming trader , your initial deposit should be made in accordance to the current trends in the market. This is the surest way to end up with good profits. So do not limit yourself to the minimum $10 specified fee.

However, with every form of online trading, there will be some losses, so you should keep your initial investment low while you become better at trading.

Withdrawal of Funds from IQ Option

The process to withdraw your profits from IQ Options is very easy and quick. For the safety of every user, all withdrawal applications are subject to approval by the IQ Option financial team before your account will be credited. It is understandable that this little delay to access your funds is important to ensure that your funds are safe from hacks and theft.

IQ Option has provided the following e-currency platforms through which your funds can be withdrawn. They are-

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

Your withdrawal requests will be processed in line with the options you have chosen. These are your preferred currency, payment method and withdrawal limits. As a security measure, the very first withdrawal is subject to approval by the IQ Option team after you have verified your identity. For further assistance, you can take advantage of the customer support portal where you will be guided through the easy steps required to make a withdrawal.

All withdrawal approvals are ultimately dependent on your type of account. The VIP account users will get their withdrawal requests processed within 24 hours while the real account holders will have their withdrawal requests processed within 3 days. The overall withdrawal limits have been pegged at a minimum of $10 and a maximum of $1 million.

Is IQ Option accredited or regulated?

It is important for every trader both new and old to carry out an extensive investigation to know more about the broker platform before you make your initial investments. It is easy to get carried away by the hype about a broker on the internet but that might be old information. You need to know the current information that will show you the current status of the broker. We have investigated IQ Option in this aspect because we need to be very sure before investments are made. The following aspects were put in focus during our checks-

It was confirmed that IQ Option was properly registered and accredited by the CYSE. This was very comforting to know, it should be noted that the parent company is known as Invest Lab Ltd.

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  • Binomo
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Our investigations revealed further policies that have been put in place by IQ Option to further protect their users. These measures include the process of handling the investments of account holders, withdrawal processes and deposits. There are options created to settle disputes.

As complex as this might sound, the policies have been drafted in a way that it is easy to read and understand. Every account holder should read these terms and understand the measures taken to protect their trading activities and the regulation guiding very transaction. The appropriate measures have been taken to curb any illegal means through which money can be laundered through IQ Option. We can say that we are impressed with the system of operation run by IQ Options and we will recommend this broker to every binary options trader.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

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