IQoption; Binary Trading Platform Review 2017
What is IQ Option?
IQ Option is one of the most popular names in the binary options industry. It is a binary brokerage that has been operating for four years now. There are still a lot of people interested in how its legitimacy status goes. IQ Option is a licensed and regulated binary options broker, owned and operation by Iqoption Europe ltd. They provide traders worldwide excellent trading platform, with a wide range of trading features.
Is IQ Option a Scam or Safe?
Ever since it started operating in 2013, IQ Option has been known as one of the safest binary options broker platforms available to trade on. It has a valid license from CySEC and applies strict Anti Money-Laundering protocols. IQ Option is also registered with all European financial authorities which supervise binary options trading. Its website and applications are SSL protected.
IQ Option Trading Platform
Unlike so many other brokers in the industry, IQ Option uses its own software that encounters with great response from traders in South Africa, as well as with traders across the globe. With quality of their services and up to date customer support, it shouldn’t come as a surprise why this broker is popular among traders worldwide.
IQ Option review provides our readers information that IQ Option is a regulated broker. IQ Option requires minimum deposit of just $10, while correct prediction after up to 91%. Minimum trading price is $1 and maximum option price is $5000.
How to trade on IQ Option
Iq Option Option Type
There is no question that IQ Option is one of the most popular trading platforms right now. IQ Option only started back in 2013 but it has already cemented its place among the most trusted trading platforms. Presently, IQ Option offers 5 option types for traders. (You can see the video tutorials in the end of this review)
Forex, which can also be referred to as foreign exchange, currency trading or FX, is one of the latest options in IQ Option. It is a ‘decentralized global market where all the world’s currencies trade’ and is the largest market in the world. In fact, even if you combine the stock markets in the whole world, it will still not match the volume of trading done in the Forex market.
This option can bring you up to 1000% profit with each 1% currency change. At present, you can choose from the 22 currencies pair available on the IQ Option platform.
Cryptocurrencies are one of the latest big things in the financial world. Of course, IQ Option is doing its best to keep up with things and so they now provide an option to trade cryptocurrencies right on their platform. IQ Option actually allows traders to buy and sell cryptocurrencies straight from the market.
Currently, there are 12 types of cryptocurrencies that traders can be bought or sold using the platform (each with their specific exchange rates):
The digital option offered by IQ Option is actually a new trading tool they have developed. This option is a mash-up between classic and binary options. IQ Option offers a wide range of instruments that you can trade on digital option.
What is different with the digital option is that there is no fixed profit (which can reach up to 900%) and risks. It will all depend on the strike price which a trader will choose manually. Because of that, this option will give traders more freedom and the possibility of earning higher compared to binary options.
Presently, IQ Option’s binary options trading option type is the High/Low. This option type is actually the most basic. High/Low option is highly recommended especially for beginners in binary options trading.
It is quite easy to understand since, as the name suggests, you will just have to predict whether the price of an asset will go up or down once you reach the expiry time. A trade can be done in just 60 seconds and the profit can be up to 95%, though the usual range is 75% to 89%. IQ Option offers binary options trading on more than 50 assets including commodities, currencies, stocks, and indices.
CFD, which stands for Contract for Difference, is a way of trading that does not require a trader to actually purchase the underlying asset. In this option, a trader will predict how the price will move in the future. If a trader’s prediction turns out to be correct then he will earn a profit. Again, there is no fixed profit when it comes to this option.
There is also no expiration time in CFD option unlike in both Binary and Digital options. The trader has every freedom to close a deal whenever he likes and he will only get the profit or loss after that. At the moment, IQ Option only offers cryptocurrencies for the CFD option, however, they are planning on adding stocks and forex to that in the near future.
IQ Option Trading Accounts
Besides demo account, IQ Option offers traders two account types: Demo Account and Real Account.
Totally FREE demo account. If you want to start even more carefully, you can first trade with a demo account.
To start binary options trading process, traders have to deposit minimum amount of $10 and get a full access to all trading instruments and services. Available number of assets is 500.
The platform’s VIP account starts with a minimum deposit of at least $3,000 and offers a personal manager support for the users. Additionally, there is a superior web-based system that comes with the VIP account in 13 different languages. The VIP account also gives the chance to the user to get up to 60% of the total amount invested if they made a wrong prediction.
The minimum investment of $1 per trade is the lowest in the industry. This makes it possible to start investing, with real money, carefully if you are a beginner. As the minimum investment is so low, I recommend opening a real money account from the beginning. This way, you will get access to all the benefits that a demo account user does not get.
IQ Option Banking Info
You can choose from a wide variety of deposit options. Deposits can be made with all major credit cards, including Visa and MasterCard, or you can use the following methods: Skrill, bank wire transfer, WebMoney, QIWI, Yandex Money, PayPal, LiqPay, and Moneta.
IQ Option Withdrawal
For withdrawals you can use all the same methods that are available for deposits. For a real money account withdrawals are processed quickly, within 24 hours. Minimum withdrawal amount is only $2
RISK WARNING: The financial services products offered by the company provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
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The financial services products offered by the company provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.