IQ Option Review. Is it a legit Broker ?

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IQ option is emerging as the front runner in online brokering offering a wide range of services that include binary options, CFDs, cryptocurrency and forex trading.

We pride ourselves on providing a thorough iq option review that leaves our clients with no questions unanswered that are not just limited to a complete rundown of the trading platform, reviews of mobile apps and detailed expert accounts on how to use the demo account smoothly and productively.

iq option logo

So come up and join our millions of other traders and sign up today and have the chance to earn thousands.

Broker IQ Option
Registered Office Cyprus, Europe
Regulation Yes
Countries Served All countries, excluding Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Russia, Sudan, Syria, and the USA.
Customer Support 24/7 available in 16 different languages
Min deposit $10
Min Trade $1
Platform Custom Built by IQ Option
Platform Available Windows, Mac OS, Android, IOS
Assets Binary Options, Digital Options, FX Options (only available in Europe), Forex, Crypto,
Demo Account Free $10,000 Practice Account
Payment Options Credit/Debit Card, Skrill (Moneybookers), Neteller, Bitcoin, AstroPay, Webmoney, ADVCash, Perfect Money, Yandex Money, Union Pay, Kiwi Wallet, Klarna, Jeton Wallet, WeChat Pay, BOLETO, Click Pay
Withdrawal 1 Business Day
Website https://iqoption.com/
General Risk Warning:
The financial products being offered by our company has tangible risks
and can result in a loss of your monetary funds which is why we advise
never to invest money that you cannot afford to lose.

Broker Details:

History

Set up in mid-2013, the brand is one of the most solid and inventive binary brokers in the business. Their notoriety is likewise upgraded by different honors that they have won from a range of industry commentators.

Regulated by Cysec and other financial regulators. It started with Binary Options consisting of 30 assets and now grown to tremendous 400+ assets in various sectors including CFD’s, Indicies, Cryptocurrency, Forex, and all-new FX Options.

You can check the complete stats of the growth of IQ Option on their website.

Supporting – IQ is sure about how and when they will fence their positions. This should demonstration to console traders who dread ‘over the counter’ brokers just need to see traders lose. IQ effectively deal with their hazard.

News – Event Calendars and brand news is bolstered through to the user territory.

Demo Account:

IQ offers the best demo record terms in the business. It is a No deposit demo account. The equalization can be re-established to $10000 as regularly as required, and the training record is a useable long haul, there are no time confinements.

This offering, combined with the low least deposit, is the reason this broker has developed so rapidly. It is likewise why the brand draws in learners and fledglings. It demonstrates a genuine certainty that they have the best trading platform, and realize that once traders have utilized it – they will remain with them.

Trading Platform:

IQ Option trading platform aims to provide clients with the easiest and most efficient access to the financial markets and online trading, They have developed a custom platform and an entire range of instruments. However, the interface and the features of this system is not something most binary traders are familiar with as it is based on a more advanced system that is used by spot forex trading companies.

The IQ Option platform also includes top-notch features such as stop losses and options to monitor profit levels- these opportunities that are not available with the usual binary operators.

To facilitate the traders, there is a further option to evaluate the risk management and trading strategies, a feature called “Position Top-up” was created. This is a feature that allows the traders to keep open further than the stop loss.

Strategy Tools:

There are clarity and ease in finding the strike price and trading buttons and the price graphs and charts are extremely easy to access. Navigating the platform is not complicated at all, with traders having the option to easily switch between assets and markets. One benefit of the IQ Option that it allows the trader to use their graphs to get a better idea of their trading strategy.

iq option interface

Another major advantage of the industry is its availability 24/7 thus there are no “opening times” and you can stay updated all days of the week all year round. Various forex pairs are being traded all the time but US stocks are only available for trade when NYSE is trading.

Charting & Indicators:

Other than having a fresh and user-friendly user interface, the trading platform allows the traders to interchange between their chosen charts with the option of having four different layout designs:

  • Line
  • Candlestick
  • Area
  • Bar

The timescale for the bar and candlestick charts is chosen from over an impressive array of 18 different intervals and citing the option for multiple graphs, to help confirm the trends in more than a single time frame.

candle interval

In addition to all of this, numerous other tools include line drawing tools that convenience traders in plotting their trends on live charts to help keep track. The recent updates did help in adding technical analysis features to the charts as well.

Multiple indicators that include but are not limited to are Bollinger bands, moving averages or relative strength index (RSI) which can be laid over the chart.

indicators chart analysis

Nearly 20 different indicators are available for the trader’s ease and use. This charting technique also enables all traders to use effective price action patterns to help spot opportunities across different time frames which enables them to make an accurate prediction.

One of the numerous benefits of the trading platform is the advantage the traders have to make numerous trades on the same graph helping the traders get a better idea of the market. This is more beneficial when traders wish to employ more enhanced and sophisticated trading strategies or trade signals.

Forex and Crypto Products:

Newer trading options such as forex and cryptocurrency trading over a slightly different range of options based on the market they are being traded-in. In particular, the forex trades bring up the leverage and stop-loss features. In assets like Bitcoin and Ethereum, that are traded via contracts for difference, do not have a particular expiry time. They do however offer a stop loss and take profit feature which benefits the traders. The new forex trading also offers weekend trading for trader ease.

Forex multipliers are a component that IQ Option added to give a degree of influence. The greatest multiplier presently arrives at an energizing x1000 – yet recall these effects both benefit and misfortune. So you can amplify your trade size by x1000 to exploit even little moves in the money markets.

Trading Options (CFD and Binary)

IQ Option has reliably added to the portfolio of basic resources. Traders can trade in the 4 noteworthy resource classes, for example, forex, commodities, equities, and indices. They additionally react to user demand, for instance, the Cryptocurrency range is presently colossal.

binary options

The firm has additionally added to its range of expiry times. Beforehand represent considerable authority in transient expiries, IQ presently offers a lot more options – including the well-known End of day expiry, and longer-term End of week and End of Month. Trader decision has never been more noteworthy.

Forex and CFD trades expand the user decision much further. Outside trade can be traded per pip (notwithstanding binary trades) and CFDs can be traded with no expiry for longer-term trades. The ongoing cryptocurrency development offers access to bitcoin and 6 different digital currencies, by means of agreements for distinction – which means no expiry.

FX Options

IQ Option has added FX Options to their rundown of products. A cross between binary options (restricted expiry, constrained hazard) and customary forex (benefit relies upon the fundamental value development), FX Options will offer EU traders an option in contrast to doubles.

With ESMA restricting parallels in the EU, IQ Option needs to make a comparative product, yet it doesn’t fall foul of the boycott.

The options enable traders to choose their very own strike cost, and trade higher or lower from that point. Pay-out percentage fluctuates dependent on the value development required for the trade to complete ‘in the cash’.

fx option

As these are progressively similar to customary options, they can be shut whenever utilizing the ‘Sell’ cost and the instability and time left will affect the estimation of the trade as the expiry nears.

Cryptocurrency Multipliers:

IQ Option additionally presented another asset – Cryptocurrency products. These trades are adequately utilized trade. The basic value remains the key component, however, with a multiplier, the trade is amplified. This expands the potential benefit, or misfortune, made on any arrangement.

At first, IQ just offered Bitcoin x 100. As the name recommends, it was a multiplier of 100 applied to the Bitcoin cost. Expanded unpredictability, for an effectively unstable resource – perfect for traders.

The product was effective to such an extent that IQ has expanded the advertising. So products are presently accessible on more cryptocurrencies, for example, Ethereum (ETH), IOTA, TRON, and Ripple. The multipliers range from x20 to x50 and x100 on Bitcoin. It offers another high hazard/reward course for traders to benefit from crypto resources.

Trading Costs (Spreads, Commission):

When looking at brokers, you need a broker that is straightforward with their charges and expenses. To pass judgment on what trading at IQ will cost, you have to consider:

Spreads – The value hole among purchase and sell esteems. These changes were dependent on things like volatility, asset, liquidity and even hours.

Withdrawal Fees – There are no withdrawal charges on most installment specialist co-ops. Bank moves do have a charge of $31 (or cash comparable).

Commission – On cryptocurrency trades, a commission of 2.9% is being imposed. Different markets don’t have commission by any stretch of the imagination.

Swap Fees – Fees are charged for specific trades held medium-term. They shift from 0.1% to 0.5% and are higher when left open throughout the end of the week.

Dormant Account Fees – Where a record is inert for 90 days, a charge of €10 (or cash proportionate) will be made every month until the equalization is zero.

Deposit & Withdrawals:

Deposits can be made utilizing a range of options – these will fluctuate dependent on the user nation, yet famous strategies incorporate charge and Visa, e-wallets, for example, Skrill and Neteller. Bank moves through check card remain the most mainstream option for European based traders.

deposit options

IQ Option additionally as of late acquainted AstroPay with encourages installments from locales that may have had fewer options before, for example, Brazil, Argentina or Vietnam. What’s more, IQ currently likewise acknowledge bank moves from a wide range of Asian banks:

Account Type:

The standard trading record requires only the base starting deposit of $10. The fundamental record incorporates all the option types, pull back options and usefulness as the more significant level records.

The firm offers a VIP Account. To get the VIP record type, a trader needs to deposit $3000 or more in one deposit. Advantages to VIP status include:

  • Higher Payouts (For instance, +3% on FTSE or Google trades)
  • Passage to bigger competitions, with prizes up to $100,000
  • Instructive materials are restrictive to VIP account holders.

iq option vip

Payouts:

In terms of profits on ventures, the standard payouts offer extremely aggressive rates. Under the correct conditions, traders can win up to 91% payout on account of a fruitful trade. These payouts will fluctuate dependent on the asset and expiry time are chosen.

The ‘feature’ payout of 91% is among the best offered in the business. Note the term ‘profit rates’, doesn’t suggest ensured profits, just the profit made for a solitary trade when it is effective.

Is IQ Option A Legit Broker?:

IQ Option is authorized and managed by CySEC, yet they have additionally looked to enroll with other administrative bodies (full subtleties can be found on their site). They are a ‘genuine’, solid business. Their subsidiary system all market capably and guarantee the idea of trading is reflected precisely.

They are authorized by the FCA in the UK as the administrative landscape as of late changed there.

Trading with IQ Option is legitimate the world over, from India to Ghana, Vietnam to the UK.

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