IQ Option Trading Introduction
It is vital for investors to invest a considerable amount of time and resources into choosing a reliable trading partner, as it becomes imperative for long-term profitability in binary options trading. Binary options may be considered to be the riskiest financial product in the market, aided in part by its similarities to gambling and sports betting. In fact, the only difference between binary options trading and online gaming is that binary options trading do allow traders to forecast the outcome of the markets through comprehensive research, while gambling and betting involve pure luck.
To a greater extent, IQ Option helps in eradicating the inconsistencies in the market that arise from choosing an unreliable broker. IQOption has developed a credible binary options service that adheres to several safety guidelines and initiatives to improve trust among investors. Of course, the binary options market is an ever-evolving financial product, and it is essential for brokers to improve their products and services to custom-tailor their solutions according to individual trader requirements. IQ Option has also partnered up with Aston Martin Racing and other leading companies to improve its brand image in some of the more exotic financial markets. Our detailed IQ Option binary review aims to understand some of the reasons why the broker is considered as one of the top service providers in the binary options market, and how you can benefit from the broker’s world-class binary options products.
IQ Option Regulation
IQ Option is the fastest growing binary options broker in Europe, with an average volume of 3,000,000 deals per day and close to $14 billion in trading volumes per month, according to its 2016 assessments. IQ Option was founded in 2013 and is registered in Cyprus as a Cypriot Investment Firm (CIF). All CIFs are supervised according to the regulatory guidelines issued by the Markets in Financial Instruments Derivatives (MiFID), and IQ Option is primarily regulated by the Cyprus Securities and Exchanges Commission (CySEC) that falls under the MiFID framework and European Economic Area (EEA) initiatives. The company has also registered its services with the Financial Conduct Authority (FCA) of the UK, which means that the company has proper EU regulatory licenses, making it one of the leading binary options companies concerning the safety and security of traders’ investments.
IQ Option is owned by the IQ Option Company Group, which has its main office in Seychelles. A sizeable number of binary options brokers have based their official headquarters in tax havens such as Seychelles, so as to enjoy several tax breaks and lower operational costs. Setting up a company in a neutral jurisdiction also helps the broker to circumvent any new rules proposed by the EU regulators, regarding the services provided to traders and investors from non-EU nations. Regardless, IQ Option Europe is mandated by law to hold at least €1 million in operating capital and submit periodic audit reports to the CySEC to enhance transparency of the broker’s financial operations.
IQ Option clients can also be assured of protection against any broker issues such as insolvency or bankruptcy, as the Investor Compensation Fund (ICF) serves to provide up to €20,000 in compensation if IQ Option is unable to meet its clients’ debt obligations. IQ Option’s continued consistency and reliability of services have earned the company multiple awards from several independent organisations, leading the broker to earn a fair amount of positive reputation in the market.
IQ Option Financial Assets
In its present form, IQ Option offers access to around 70 different assets from Stocks, Forex, Commodities, and Indices markets. The number of financial instruments is indeed on the lower side, as other leading binary options brokers offer more than 150 assets to provide extensive coverage of the financial markets. The company has outlined its plans for the future where the IQ Option is expected to increase the number of available financial instruments to include more stocks, indices, currencies, ETFs, and CFDs, but until then, traders are provided with the following financial instruments through the IQ Option brokerage:
Stocks: Twitter, Alibaba, Yandex, Baidu, Apple, Cisco Systems, Facebook, Google, Intel, Microsoft, Snap Inc., Oath, AIG, Amazon, Tesla, Nintendo, CitiGroup, Goldman Sachs, Coca Cola, JP Morgan Chase, McDonalds, Morgan Stanley, Nike, Twitter
Forex: CAD/CHF, EUR/AUD, GBP/AUD, AUD/JPY, GBP/CAD, GBP/CHF, EUR/CAD, USD/CAD, CHF/JPY, AUD/USD, EUR/USD, EUR/GBP, USD/CHF, EUR/JPY, NZD/USD, GBP/USD, EUR/RUB, USD/RUB, GBP/JPY, USD/NOK, USD/JPY, AUD/CAD, EUR/NZD, USD/SEK, USD/TRY,
Indices: Bitcoin, DFMGI (Dubai), TelAviv-25, Hang Seng, IOTUSD, ETHBTC, BTCUSD, XRPUSD, DSHUSD, LTCUSD, LTCBTC, ETHUSD
Commodities: Gold, Silver
Even though the company has provided access to some of the more popular assets traded in the markets, traders may find it inconvenient to wait for the company to introduce new products to its services portfolio. Nevertheless, we do find the broker’s collection of instruments to be significantly better than the highly conservative list of assets offered by other leading brokers, where traders may be fortunate to receive access to around 25 underlying assets.
The IQ Option Payouts & Binary Options Products
IQ Option offers a higher payout of 92% for profitable trades, which is apparently higher than the maximum payout of 85% offered by leading companies. Traders will be pleased to learn that IQ Option has some of the highest returns for its classic binary options products, which can yield an average payout of 65% to 90% for most assets. On the flip side, there are only a limited number of binary options products, namely the different versions of the classic high/low binary options. Despite the choice of expiry times, we couldn’t find any high-risk binary options such as ladder or touch options, which could provide higher payouts. Regardless, the company has developed different binary options products that have expiry times ranging from one and a half seconds to up to one month.
A significant benefit of IQ Option trading account is the ability to manage trades, as the company offers a better choice of modifying trades than some of the other companies. For example, turbo options can be prematurely closed with up to 20 seconds remaining on the clock for expiry, while classic binary options can be closed with up to 3 minutes left on the clock. Premature closing of binary options enables traders to lock in early profits or close their trades at partial losses, rather than losing the entire amount of money at the time of expiry. The trade management feature is undoubtedly one of the best attributes of trading binary options with IQ Option, as it renders the ability to treat binary options as a traditional form of a financial product.
Traders can buy a binary options contract for a minimum investment of $1. In stark contrast, the average minimum investment is $5, while it is also common for brokers to stipulate higher minimum investments per trade that can reach $50 and even $100. Traders can also invest a maximum of $5,000 per trade, with no restrictions on the maximum exposure per trade. However, before investing large sums of money, you should consider the liquidity of a particular asset, as IQ Option does not accept the opposite side of a trader’s position. Instead, the broker passes on orders between traders, which help in reducing the conflict of interest. Hence, the maximum exposure per asset is limited by the liquidity and volumes, and apart from the $5,000 upper limit on trading, the broker does not impose any other maximum exposure limits.
IQ Option Trading Platforms
IQ Option provides a wide range of platform options, which allow traders to choose between desktop and web trading platforms. Unlike traditional binary options companies, IQ Option has developed two distinct trading platforms for trading, which includes a dedicated installable platform for Windows, Mac OS, and Linux operating systems, along with a dedicated web trading interface for Chrome, Firefox, Opera, and other popular web browsers. The desktop trading platform is the best interface for traders, as it offers advanced charting options, technical analysis tools, historical quotes, and a feature-rich trader dashboard. The browser-based trading platform obviously has limited trading features than the installable platform, but nonetheless, it is an excellent tool for traders on the move.
IQ Option Mobile Apps
IQ Option offers mobile support for both iOS and Android users, which allow traders to download a proprietary IQ Option app through the Google Play Store, or through the Apple App Store. IQ Option mobile trading is easy, convenient, and secure with the platforms designed for smartphones and tablets, which ensures that traders can trade the markets on the move. If you do not have an iOS and Android enabled smartphone or tablet, you can always access your account through the IQ Option web trader, which offers similar trading performance and reliability as the dedicated mobile trading platforms. We do find the IQ Option trading platforms to be among the best in the market, and the company certainly receives full credit for the way in which they have approached the choice of offering a diverse range of trading platform options.
IQ Option Minimum Deposit
IQ Option is a regulated binary options broker, and it is common for regulated companies to mention higher minimum deposit requirements to justify the costs of regulation and maintenance. However, we are indeed surprised to learn that IQ Option has a minimum deposit requirement of just $10, which opens up the broker to a larger audience from all over the world. $10 is a particularly inconsequential trading capital in the financial markets, and traders can get a real taste of the inner dynamics of binary options trading without risking too much. Of course, there are some drawbacks to starting with a smaller trading capital, mainly due to money management and the nature of the markets, but the $10 minimum deposit and the $1 minimum investment per trade should satisfy a vast majority of the retail trading market.
You can make a deposit to your trading account through Visa, MasterCard, Webmoney, Skrill, and Neteller. Your payments are always held in segregated accounts and are kept away from the broker’s operating capital to ensure that you can withdraw your money without any restrictions. Talking of withdrawals, IQ Option ensures that all of its clients’ withdrawals are processed instantly, and without any deductions, apart from the fees incurred in making the transactions.
The minimum withdrawal limit at IQ Option is still lower than the initial deposit amount, as traders can request a withdrawal for as small as $2. Although the broker may support smaller withdrawal requests, you should realise that there are fees and costs of transactions, which may add up to a considerable amount, if you choose to split up your withdrawals into smaller denominations. It is always preferable to group your withdrawals together to keep your costs to a bare minimum.
All clients’ withdrawal requests are processed within 24 hours, but there may be delays during weekends or during holidays. The company’s routine audit reports clearly state that the company has transacted an average of $5.7 million in monthly withdrawals for the 2016 financial year, which is undeniably a positive sign for existing and new clients. As a prospective IQ Option client, you needn’t worry about the safety of your funds or meeting your withdrawal requirements, as the company has ensured that all of its customers are treated with dignity and respect.
IQ Option Bonus
Traders don’t receive any type of bonus or free money for their deposits, which is actually a result of the broker’s regulatory status with the CySEC. CySEC and other leading regulatory organisations have banned its regulated member firms to eliminate the prospects of any bonus programs, primarily to reduce the potential for issues between brokers and traders. As far as trading rewards are concerned, traders can only make use of the broker’s trading tournament, which allows you to earn a hefty sum of money by competing with other traders to capture a sizeable sum of money from the prize pool.
IQ Option Demo Account
IQ Option has a demo account option that provides a virtual balance of $1000, which can be replenished without any limitations. The IQOption demo is a free account option that is provided to traders without any conditions. Some brokers may charge a small subscription fee for a demo account, while others may ask their clients to open a real account and deposit money for access to a free demo account. There are even a few brokers in the market that outright deny access to demo accounts or virtual accounts of any sorts. Hence, it is a noteworthy initiative from IQ Option to provide a demo account to all traders, free of cost.
IQ Option Customer Support
Since 2013, the broker has been stepping up its game to set new standards in the binary options customer service department. Traders can contact the customer service department for a response within a minute, while most issues are resolved within 25 minutes. Larger complaints may take longer to process, but the CySEC has facilitated an excellent investor-centric framework that requires IQ Option and other regulated brokers to maintain a professional and ethical customer interaction channel. Clients can approach the broker’s representatives for support through multiple channels, including live chat, email, phone, and web contact form. IQ Option offers a 24 hours access to its customer service team, which allows traders to contact the broker at any time for queries or complaints.
IQ Option Trader Training
IQ Option has purposefully excused itself from providing any signals service or market analysis reports, as the company is aware of the potential issues and conflict of interests that may arise from these resources. On the other hand, the broker has not entirely turned away from offering any training resources or tutorials, as there are several educational videos that allow traders to get detailed and quality information about the binary options market.
IQ Option Verdict
- One of the best EU-regulated binary options brokers in the market.
- Excellent platforms for desktop, web, and mobile trading.
- $10 minimum deposit and $1 minimum investment for binary trading.
- Constant innovation to keep up with market requirements.
- Excellent customer service experience and satisfaction.
- The possibility of increased access to assets and tradable instruments in the near future.
- Availability of free demo account.
- The broker does not provide any promotions or deposit bonuses.
- Reduced number of binary options types and products.
Is IQ Option Regulated?
Yes, IQ Option is regulated by the Cyprus Securities and Exchanges Commission (CySEC), and is a leading EU binary options broker.
How To Open An IQ Option Account?
IQ Option allows you to open a free binary options trading account by signing up with your email address.
What Is The IQ Option Minimum Deposit?
You can start trading by depositing a minimum of $10 and by investing a minimum of $1 per trade.
IQ Option is committed to improving its services to provide a genuine and dependable binary options brokerage service without any conflict of interest. IQ Option has high-quality products in its portfolio that are guaranteed to satisfy most modern trader requirements.