IQ Option Binary Options Broker
Despite its quite young age, IQ Option has already won the prestigious Most Innovative Binary Option Broker award at an international conference ShowFx World, which was held in Moscow in 2013.
The advantages of IQ Option include the ability to open a demo account, which is not even offered by many of the leading binary options brokers. In addition, the novice traders can study the binary options trading with the help of numerous materials that the broker has published on its official website. A minimum deposit of $10 allows any trader to start options trading. After all, even with such a small amount, many traders were able to “accelerate” their trading deposits to good volumes.
- Yield - 65% to 450%
- Reimbursement - up to 30%
- Minimum deposit - $10
- Minimum lot - $1
- Demo account - Yes
- Mobile version - Yes
- Education – Yes
Registration and account opening
Registration with the IQ Option is fairly simple and does not take long. The traders will only need to fill out a short application, where they specify the first and last name, email address, and choose between a demo and a real account. After having completed the registration form, the client will be automatically redirected to the refill page.
IQ Option trading platform is a web-based platform where the traders can work with line charts. Terminal proposed by the company is a SpotOption development, which implements virtually all traders wishes, except for the technical analysis of the deals. At the same time, trading binary options is more a way of money management than becoming a market expert or a guru of technical indicators. So, as for the lack of extra tools for the charts analysis, it is more of a philosophical question, whether they are needed at all. Thus, the trading platform is stable and without fault, web browser does not overload and quickly responds to trade requests or other user actions.
Excellent selection of assets (69 in total)
1. Commodities (CME exchange): only gold.
2. Currency pairs (Forex currency market): 11 items.
3 Indices (global exchanges): NASDAQ100, Nikkei225, DOW JONES INDUSTRIAL AVERAGE, CAC 40, DAX, FTSE100.
4. Stocks (global exchanges): 49 largest companies in the world (Commerzbank, Deutsche Bank, UniCredit, HSBC, China Mobile, Facebook, Intel, Microsoft Corporation, etc.)
At first glance, the assets are times less than those offered by other brokerage companies. However, the analysis of the selected trading tools says that nothing more is needed, because the company actually introduced everything the traders normally use.
Perhaps, only IQ Option allows its clients to participate in traders’ “battles” every day. Such competitions bring together more than 500 participants every day, and the prize fund is USD 100,000. The tournaments are held for 30 minutes, and the prize money is divided between the 5 winners.
You can become a member of the tournament by paying its admission – USD 5, or use the free tournament, which, unfortunately, is held only 1 time per week.
The traders who joined affiliate program can generate additional revenue by attracting new customers. After the invited user started trading with IQ Option, the client who invited them receives a monthly fee of 3% of the total trading turnover.
IQ Option broker offers the following options for the work in the market:
1. Cash-or-nothing is a classic option type, which assumes that the trader makes a correct prediction of certain assets, that is, the direction of movement of the price – higher or lower. This type of options has a fixed income, which is around 80% plus or minus 10%.
2. Turbo option is better known as 60-seconds. The main goal is to make trading deals, the result of which will be known after 1 minute. The rest of this kind of option is no different from the classic options.
The official website of the IQ Option broker offers traders a large number of video tutorials that will help them to understand the binary options trading and start trading with the most attractive assets.
Educational video tutorials on binary options are divided into two courses: for beginners and for professional traders. Interactive training includes e-books, video tutorials, webinars, guidelines, development of the necessary trading strategies, basics of technical analysis and money management. In general, it is all that the beginning traders need to trade binary options. At the same time, experienced traders will add to their knowledge and skills with well-selected training materials.
All traders registered with IQ Option shall have the right to a free demo account. The broker provides demo starting capital of $1,000. The traders can gain practical skills in trading binary options on the demo account, without even the slightest risk of losing their own finances, because trading is conducted with virtual money, but at real prices and on real assets.
24/7 support service
Of course, a broker like IQ Option took care of the professional support for their own traders. Communication with client requests is conducted through chat and telephone (you can order the call back). In addition, all questions can be addressed via e-mail. Support is available in 8 languages, which include English, and communication is carried out with well-trained professionals.
Convenient refill/ withdrawal
You can deposit funds with IQ Option, as well as with other brokerage companies, using Visa and MasterCard bank cards. In addition, virtual payment systems will also help to deposit funds, as they are spread all over the world: Skrill, Wire Transfer, CashU and POLI payments. Withdrawal is allowed only after verification of the personal account of the client. Withdrawal takes no more than 3 days.
What pros and cons does IQ Option have?
- minimum deposit is only USD 10;
- minimum deal is USD 1;
- availability of demo account;
- high-tech terminal service;
- continuous communication with the server;
- security according to the SSL protocol;
- well-chosen list of instruments for trading;
- intuitive trading platform.
The following disadvantages can be noted:
- lack of indicators for technical analysis.
IQ Option broker certainly takes one of the leading positions in the market for such services. The service of the company impresses with its abundance and consistency. Novice traders can test their skills on a virtual account, without any loss. All you need to start trading on a real account is $10. However, there are a lot of prospects with IQ Option. For those who wish to take courses, the company has picked up a great basic training course, which describes in detail all the steps on the way to a highly profitable trading, using the exclusively pedagogically correct language.