IQ Option Assessment
Is IQ Option a fraud? THE 'Online' trading platform was launched in 2013, since then the company has enjoyed rapid growth, the company has more than 50 million registered users in more than 180 countries.
The company's client can trade a variety of financial instruments and assets, the platform provides mechanisms to mitigate these risks and help traders get better returns on their investments. Below, let's see if the IQ Option is a fraud:
- 1 Advantages to Trading at IQ Option:
- 2 IQ Option: Trading Platform and Resources
- 3 Unique Feature of the IQ Option Platform
- 4 Registered on the IQ Option Platform
- 5 International reputation IQ Option
- 6 IQ Option Demo Account
- 7 Regulation
- 8 What Other Services Does IQ Option Offer?
- 9 Is IQ Option Fraud?
- 10 Summarizing About the IQ Option
Advantages to Trading at IQ Option:
- Easy to use and personalized trading platform
- Minimum deposit of $10.
- Withdrawal processing within 24 hours.
- More than 350 assets including options, cryptocurrency, currency pairs, stocks, commodities and ETFs.
- Free demo accounts with $10.000 in virtual money, unlimited.
One of the areas where the platform has become a very popular choice is trading in binary options. With a minimum deposit of $10 and positions as low as $1, it has become the most popular trading platform in the world.
Latest figures, more than 50 million traders accounts have been opened and managed by IQ Option since its launch in 2013.
Its rapid growth in just a few years is attributed to the company's transparent transactions with its customers, customer support, modern and intuitive trading platform, $10 minimum deposit, top-notch trading capabilities and timely payments.
The company operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (“CySEC“) with No. 247/14.
The company offers good business services to its clients, with a “no-frills” approach, the broker's clients can earn 80% up to an impressive 900% (if the trades are successful) in a matter of minutes.
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IQ Option: Trading Platform and Resources
The IQ Option trading platform was developed by a team of experts from the company, offering its users a wide variety of alternatives:
Contracts for Difference (CFDs) in equities, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex and various digital options.
CFD and Equities — The IQ Option allows users to trade CFDs on shares of over 7485 different companies, including the most successful companies listed on NASDAQ and NYSE.
In addition to complying with all regulatory requirements, the broker also takes strong security measures to protect the integrity of its clients' personal and financial information.
All internet traffic between the client computer and the IQ Option servers is encrypted using the SSL technology to prevent any unauthorized access.
The trading platform provides traders with charts that can be displayed as line chart, bar chart or candlestick chart.
In addition, there are also several technical indicators that traders can select and apply to their charts to help them get a better picture of market conditions.
Forex IQ Option
- The Forex product category at IQ Option is the largest in the broker. It has 22 currency pairs, from the most traded pairs to the most exotic ones.
- The platform is developed by the company and it is not possible to use MT4 or MT5 on the platform. Instead, it uses a proprietary platform specifically designed to meet the needs of binary options trading clients.
- IQ Option offers a mobile 'web' trading solution, in addition to a specific mobile application, which gives users greater flexibility with mobile trading options.
- The application has a clean and intuitive graphical 'interface' and is easy to use; it also has most of the graphics options found on the standard platform.
- The app also provides push notifications, and users can set key trading levels that result in alerts whenever these levels are violated.
- The app works on tablets as well as smartphones and the platform is available to Android and Apple iOS device owners.
Unique Feature of the IQ Option Platform
A key feature about this trading platform Broker it is the ability that traders have to perform multiple operations on the same chart.
This is especially useful when traders want to employ trading strategies such as the “near” trading strategy as they can easily display their purchases against the ups and downs of the underlying asset.
Types of Instruments
Currently, traders only have the ability to trade with the classic Buy/Sell. However, the trader can decide for a negociação classic or faster with the Turbo instrument feature.
Contract Put Option
To reduce trading risks and make it even more reliable and interesting, IQ Option has introduced the possibility to pre-sell binary options contracts. This means we can make a sale before the contract expires.
How does it work?
It is very simple, after opening the transaction, you can sell the option at the price proposed by the market maker without waiting for the selected expiry time to expire. It is a very important feature for traders who want to invest in a professional and safe way.
For users interested in testing the platform, there is a demo account facility accompanied by $10,000 in revolving virtual funds, this means that you can use the demo account endlessly.
The IQ Option requires a low minimum deposit and new traders can just start depositing $10 to gain access to an active account. There are currently two trading account options:
Real Account and VIP Account
- More than 500 assets
- Full access to business opportunities
- Participation in commercial competitions
- Fast withdrawals in just 1 day
- Real money trading
- Minimum deposit of $10
- More than 500 assets
- Full access to business opportunities
- Participation in commercial competitions
- Faster withdrawals in just 1 day
- Real money trading
- Personal Manager and Monthly Analysis
The best way to get started is to sign up via Facebook, Google or simply create an account using an email address. After entering your data and creating a password, you can proceed.
Once this is done, you can immediately use your practice account or complete your real account before moving to live trading. A pop-up will notify you of the creation of your demo account and real account.
Registered on the IQ Option Platform
IQ Option has developed its own proprietary platform and this makes browsing the site a pleasant experience.
The platform is well designed with an intuitive approach and it's very easy to find all the tools and features.
Free demo account also gives users the ability to trade with all the underlying assets. As a result, there are a variety of options regarding trading and users can quickly switch between their preferred assets.
The platform also offers a variety of charting tools, such as Bollinger bands and moving averages, that help improve trading capabilities.
Users can also easily search for their favorite cryptocurrencies and review all the most relevant and up-to-date information.
In addition to offering Bitcoin and Ethereum, the IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin and Monero.
- The interface also provides easy links to chats, trade history and customer support, and in case of problems, users can quickly open a dialog with the support team. Another prominent feature is the resources section which provides access to training and education materials.
- Several short training videos are integrated into the website, customers can access these features without having to leave their training accounts.
- The demo version of the trading platform is also the same as the live version, traders can improve their skills using the $10.000 virtual funds that come with the practice account. Even if things go wrong, these funds can be replenished, giving investors a consistent pool of funds to practice.
Operators have the opportunity to earn up to 91% on their investments if the forecast is correct and up to 900% on digital options.
IQ Broker allows users to contact the support team via email, contact form and a chat function. The site claims to answer all questions within 46 seconds and aims to resolve all tickets within 24 minutes.
- Live Chat
There are currently around 80 customer service specialists on staff and traders who need more personalized service can 'upgrade' to the VIP account that comes with a personal account manager.
The site is also available in 4 other main languages such as English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian.
IQ Option Profit Withdrawals
There is always a button that takes the operator's own personal account – “personal cabinet”, where the withdrawal button is available. The only thing to be done is to define the amount of money, currency and payment system. After that you only have to submit one application, the withdrawal can take up to 3 working days.
For starters, this broker has developed its own trading platform and has its own brand, the trading platform works without any major deficiencies. Trades are executed in microseconds and without errors.
International reputation IQ Option
In 2013, the platform was named as the broker a binary options innovator. With its colorful 'design' and many useful accessories, the platform is well accepted by beginners and professional traders, as it provides clear and fast trading and virtually anyone can learn to use it in a matter of minutes.
IQ Option Demo Account
It is convenient for the new trader to enjoy the benefit of a demo account without risking capital loss and to test their binary options strategies.
In this case, it is vital to compare different brokers and choose the best one. More about demo accounts please click here.
Demo Account is a free and very useful service provided by the broker, the only difference from a real account is that you will use virtual money, there is no reason not to take advantage of this feature, which is only offered by trusted brokers in the market.
One of the most important things when entering into a partnership with a broker is to check its regulations.
IQ Option is regulated by CySEC, which oversees the activities of companies providing financial services to ensure compliance with the laws and regulations of the Republic of Cyprus and the European Union. IQ OPTION EUROPE LTD. Holds License No. 247/14.
This makes it clear that the company is free to sell its financial services throughout the EEA (European economic space).
The broker is registered with most of the major European regulators such as the FCA in the UK, Consob in Italy, BaFIN in Germany and the regafi from France.
What Other Services Does IQ Option Offer?
The company has recently expanded their product offering, while they have kept trading binary options, their focus seems to have shifted to Cryptocurrencies.
It has to be noted that while the IQ Option website mentions something about clients who actually buy encrypted currencies, the trading platform only supports CFDs based on cryptocurrencies.
There is a separate section for the CFDs Crypto, which has 13 assets. Most major market capitalization currencies are supported, starting with Bitcoin and Bitcoin Cash, IOTA, Dash and Monero.
The CFD section is mainly focused on cryptocurrencies as well. While in the cryptocurrency sections, all virtual currencies are paired with the US, in the CFD section, cryptocurrency/cryptocurrency pairs such as LTC/BTC and ETH/BTC are also available.
The binary options section is simply called “options” these days, and features 23 tradable assets. This asset selection mainly covers currency pairs, but there are some indices, commodities and stocks included as well.
Return percentages on these options are 95%, but in practice they are generally somewhat lower, covering the 85–95% range.
Digital Options are special options that offer payback percentages of up to 900% on successful trades. This section of the product selection exclusively covers currency pairs.
Is IQ Option Fraud?
They are also licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission) and the FSA (Seychelles Financial Services Authority). All client funds are held in segregated bank accounts for added security.
IQ Option is also a member of the Investor Compensation System, which protects client funds up to a maximum of $20.000.
Summarizing About the IQ Option
Without a doubt it is an impressive platform that offers users a great trading experience.
The site blends a good level of transparency and functionality, users can feel comfortable knowing that the platform complies with the latest financial regulations.
Trading on the website is usually a very smooth experience and the platform uses an intuitive 'interface' that is easy to navigate.
The platform and trading application is functional enough for professional traders, while being simplistic enough to allow new traders to easily learn the trading process.
However, IQ Option still serves traders from over 180 countries and provides a comprehensive service to all its users.
A platform caters to stock, Forex and cryptocurrency trading, and individuals who sign up can be assured of interacting with an intuitive platform that provides access to a variety of trading features and options.
Pros / Cons
- Intuitive Trading Platform
- Retiradas rГЎpidas
- Low Minimum Initial Deposit Requirement
- regulated broker
- unlimited earnings
- Supports multiple languages
- Easy-to-use Mobile APP
- Unlimited demo account
- Does not accept US clients