In this IQ option review, you will learn everything that you need to know about IQ option trading platform (broker) to help you decide when you come to choose the right trading platform.
IQ option is trading broker that allow trader/investor to trade different digital assets including binary option, forex, stocks, ETDs, commodities and cryptocurrencies.
The company now is about 9 years in the business with over 25,000,000 registered users with almost over 1,000,000 active user daily and 380,000,000 trading volume per month. The company become most popular binary option trading platform for trader around the world which make them rapidly growth. The IQ option is established in the year 2013, and the company is based in Cyprus and regulated by the CYSEC (Cyprus Securities and Exchange Commission).
IQ Option Trading PlatformThe IQ option trading platform is well design and user friendly very easy to use for novice trader and experienced trader. The platform has many important features which including ton of technical analysis tools, multi-hart, historical quotes, volatility alerts, market updates, economic calendar, stock screeners, and many more. Also the platform support 13 different most popular language worldwide available for their user.
The IQ option user can trade different digital assets as I mention in overview such as binary option, forex, stocks, ETFs, commodities and cryptocurrencies.IQOption Tradable Assets
Forex
Trading forex is one of the well know trading markets in IQ option with different pair of currency including EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, NZD/USD, and USD/CHF. And many more pair
Stocks
The IQ option user can trade well popular stocks CFDs with zero opening fees. The minimum investment for stocks CFDs is $1 with a leverage up to 1:2
ETFs
IQ Option allow their user to trade CFDs on Exchange-Traded Funds, also referred to as ETFs. An ETF is where many different assets are combined into one basket.
Commodities
IQ Option user can trade CFDs on commodities including Silver, Crude Oil Brent, Crude Oil WTI, Gold, and Platinium.
Cryptocurrency
IQ Option allows their user to trade CFDs on different cryptocurrencies including Ethereum, Bitcoin, Ripple, Neo, Cosmos, Binance Coin, Litecoin, Cardano, ZCash, TRON, Stellar, Iota, Dash, EOS, and Bitcoin Cash and many more coins. You can expect great margin trading leverage and short selling options with quick deposits and easy withdrawals.
IQ
Option Trade Types and Payouts
Binary Options
Binary option trade this type of trade is based on market price prediction of an assets within a predetermined time-frame, it’s also called fixed price. A user can choose an assets and time frame if choose correctly and predict assets price movement” high or low “”up or down,” “Call or Put” this can result in a profit if done correctly. Or end up loss. The minimum trading amount in IQ option platform is $1, with zero commission fees, and 95% maximum return of investment. And the time frame of trading a trader can choose is ranging between1minute (60 seconds) to end of the month. But note that any trading that last a day a commission fees most be charge
Digital Options (CFDs)
CFDs trading is based on speculate on the extent of the price movement of an asset. And the Payouts for digital options CFDs can go as high as 900% if the asset reaches the threshold specified by the trader. The minimum investment for digital options is $1 and the expiry times range from 60 seconds to 15 minutes.
IQ Option Trading Tools
Technical Indicators
The IQ Option trading platform has a lot of different technical indicators to help their user to identify trends and to spot profitable trades. The have the most popular and useful technical indicators available including MA, Volume (exchange), Bollinger Bands, Alligator, RSI, MACD, Parabolic SAR, Stochastic Oscillator, Awesome Oscillator, ATR, ADS, Fractal, CCI, Ichimoku Cloud, KDJ, DPO, and Belkhayate Timing.
Charting ToolsThe IQ option platform have different charting tools available for their user to choose from including Area, Line, Candles, Hollow Candles, and Bars, Heikin-Ashi.
Mobile Trading
The IQ option has a mobile app for convenient trading anywhere the mobile application is supporting both Android and IOS operation systems and it is available for download on the Apple Store or on Google Play for Android user. The IQ option mobile app is user-friendly easy to use with clean and good interface. By using IQ option mobile phone app you can get benefits as trader such as execute trades, check Account status, stay Updated With Market developments, use Charting Tools, Setup Customizable Alerts and Push notifications, and many more
IQ Option Account Types
The IQ Option has offer two (2) different types of trading accounts to choose from: Standard and VIP.
Standard Trading Account
This type of account only require you to deposited a minimum amount of $10 for the opening there is no limited to access to any functionality no restrictions for their user in the platform. Note that this type of account is only available to customers outside EU
VIP Trading Account
This type of account is only required a minimum deposit of $1900 or more within a 2 day period. The VIP IQ option user can get benefits such as personal account manager, monthly reports on your trading record, and 3% returns. It's also important to know that this type of account is only available for a customer outside EEA
IQ Option Demo Account
The IQ option trading platform offer a free Demo account for their user to get explore to their platform and practice different trading strategy more profit if you’re convenient to trade in a live account. The IQ option Demo Account has $10,000 virtual money for practicing. If you run out of virtual funds inside of your demo account, you can have them replenished so you can continue practicing.
Open an IQ option Demo here
Cryptocurrency Multiples
This only work if you’re trading cryptocurrency. IQ Option has recently came out with a product known as "Cryptocurrency Multiples”. The product basically works the same as a leveraged (future) trade, where the price movements of an asset is magnified by a multiplier. Cryptocurrency multiples was originally produced with the idea of Bitcoin X 100. This essentially increased the price movement by 100X times, which created a large opportunity, as well as high risk, for traders.
The multipliers you have to choose from include X20, X50, and X100. It's also important to know that the cryptocurrency multipliers are only available for citizens outside of the EU.
FX Options
The IQ Option platform offer a product called FX Options. FX Options are available in regulated markets inside the European Union. They are similar to binary options trading because they offer a fixed-risk investment. You understand the potential profit and risk upfront. Each FX Option has an expiry time and the potential profit depends on the asset's price. The maximum Payouts can reach up to 2000% and there is a minimum trade amount of $30 for FX Options.
It's also important to know that FX Options can be sold at any time, even before expiry time is reached.This is a useful feature that can help you lock in profits or cut losses.
IQ option Trading Order Types
The order helps a trader to minimized losses and maximize profits. The IQ option trading platform has different types of order that you can choose from to make good profits on binary option trading which including.
Stop Loss Orders - This feature allows you to set a maximum loss that you're willing to accept on a trade. When this order type reaches the amount you specified, the trade automatically closes to limit your loss.
Multiplier Orders - This feature allows you to improve your return on investment via a multiplier. If you set a multiplier, the price movement of the asset will increase by 20X, 50X, or 100X. This feature can trigger to increase your profits as a result, but it can also make you to more risk as well.
Take Profit Orders - This feature is the exact opposite of a stop loss order. You can close a trade early and take your profit when it reaches your specified amount.
Pre-Order - This feature allows you to enter the market when an asset reaches the exact price that you specify. Once the asset reaches that price, the trade will be executed automatically.
IQ option Payment Methods
Deposits
The IQ option offer different types of payment method which including credit cards (Visa and Mastercard) and wire transfers. Also IQ option platform accepts many different E-wallets including Skrill, Maestro, WebMoney, Neteller, Cash U, and Moneybookers. It's also important to know that IQ does not accept Paypal as a payment method.
In order to make your first deposit,
IQ option will have you to go through an account verification process which
might require photo identification. This depend your location where you
live some countries will have different requirements than others.
The minimum deposit for opening a
real account with IQ Option is $10 with zero commission fees for depositing
funds.
Open an IQ option Real Account here
Withdrawals
The IQ option trading platform minimum withdrawal amount is $2. You have to make request before the withdrawal, you need to use the same method you deposited the fun for easy transaction as a refund. As I said used the same method of deposition if not you will not get your money so easily the IQ option will verify your identity, and the verification process may take up to 3 days . This verification process is to ensure you’re the authorized person requested the fun withdrawal to prevent fraudulent activity.It’s important to know that all withdrawal requests are processed by IQ Option within 1 business day. If you request a withdrawal to a bank card, it may require additional time depending on your bank.
Trading fees and costs
Here are the fees charged for IQ option trading platform- Spread – price difference between the bid and ask price. Spread vary, based on asset, volatility, liquidity, and trading hours.
- Commissions – For cryptocurrency trades, 2.9% is charged. Other financial instruments have no charge.
- Swap fees – also known as overnight funding fees. Swap fees vary from 0.1% – 0.5%. These fees are three times higher for positions opened over the weekend.
- Inactivity fee – for accounts that aren't active for 90 consecutive day, IQ option charges a €10/month fee.
- Withdrawal fee – no withdrawal fees for the payment service providers. For bank transfers the fee is $31.
The IQ option platform doesn’t offer any bonuses for deposition as a result of regulation set by the CySec. It’s important to know that a bonuses in deposition can increase your trading time frame. This may not favour many trader as usual
The IQ option trading platform offer trading competitions which allow their user to compete against other traders for a fixed prizes start from $100 to $100,000. This offer aren't available for citizens within the EEA. Standard accounts user can join the competitions for a fee, while VIP accounts user get free entry
Regulation and Security
IQ Option is regulated by the CySec and is registered in Cyprus with the company name "IQ Option Europe LTD". The company can operate within the EEA (European Economic Area). And outside the EEA. However for the customer outside EEA region their trading accounts are managed by “IQ option LTD” which is a subsidiary of IQ option Europe LTD and is not regulated
Countries and Languages
Countries NOT Accepted:
Here are the list of countries that unfortunately, IQ Option is not able to accept traders from the United States, Russia, Canada, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan. The countries listed above have stricter restrictions and regulations, making it difficult for IQ Option to provide trading opportunities to their citizens.
Countries Accepted By IQ Option
Here are the list of countries that IQ Option accept traders from countries which including Argentina, Bangladesh, Bolivia, Botswana, Brazil, Cambodia, China, Colombia, Egypt, Ghana, India, Indonesia, Iran, Ireland, Jamaica, Japan, Korea, Nigeria, Germany, Kenya, Malaysia, Maldives, Macedonia, Mexico, Morocco, Namibia, Netherlands, New Zealand, Pakistan, Philippines, Saudi Arabia, Serbia, Singapore, Somalia, South Africa, Sri Lanka, Tanzania, Thailand, Turkey, UAE, Uganda, Ukraine, United Kingdom, Vietnam, Zambia, and Zimbabwe.
Customer Support
If you are having trouble with registration, or any other issue, you can contact IQ Option customer service throught the following contact methods:
- Email: support@iqoption.com
- Official Website: Visit official website
- Group Details: Registration No. HE327751
- Address: Yiannis Nicolaides Business Center,Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus
Step 1: Go to the IQ option Website
Register a Demo IQ option demo account and get $10,000 virtual currency for practicing.
Fill the information requested by IQ option correctly. Make sure you used your real name in the registration process. This will affect your account verification later on.
Step 2: Go to your Email provided during registration process and activate your IQ option account. The system will send you an email to confirm your registration “ please confirm your registration” and keep this email do not delete or put it in spam folder after you click “confirm Registration”, the IQ option system will send a report message “Your IQ Option accounts has been successfully activated”
Register Your Demo IQ Option account here
Conclusion
IQ Option is a regulated broker, best known for its intuitive trading platform. We found that IQ Option is best in term of customer service, user-friendly mobile trading app, binary options, and CFD trading. They offer a wide range of investment options, with competitive fees.
Visit IQ Option Here
RISK DISCLAIMERS
This website includes information about cryptocurrencies, (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. knowaboutcryptocurrency.blogspot.com encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. All contents on this site is for educational, and informational purposes only and does not constitute any financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. Knowaboutcryptocurrency.blogspot.com may receive compensation from the brands or services mentioned on this website at no additional cost to you.Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital.
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