IQ Option Review – is IQ Option Scam or Legit Broker?

IQoption

3.2

Rating

3.2/5

Pros

  • Thousands of investment options from fiscal tools
  • Demo trading accounts
  • Minimum Balance of 10 and trade beginning at $1
  • Regulated by CySEC

Cons

  • No evident bonuses or buddy referral provides
  • Platform might be somewhat buggy

IQ Option is a top provider of Forex trading products and services. Among the greatest online brokers, traders may enjoy a selection of binary options, shares, ETFs and money pairs. The Most Recent addition to IQ Option is Digital Options. The business was launched in 2013 now comes with around 17 million enrolled users round the entire world. It’s the official associate of Aston Martin Racing. IQ Option has gained critical acclaim because the Century International Quality Gold ERA Award Winner from the Business Initiative Directions Group, the Best Technology Application from the Web Marketing Association, and also the Best Binary Options Broker Europe 2015 from your Global Banking & Finance Review

Overview/ desktop

The IQ Option trading platform climbed from 2014 through 20 17. Back in 2014, 950,000 accounts were enrolled at the device, leading to 3,450,000 balances by 2015, and also 14,011,685 reports in 2016. Concerning the range of trades conducted daily, a few shocking numbers are available within the exact equal deadline. In 2014, several 200,000 trades each evening were ran, growing to at least one million trades every day in 2015, also 3 million trades every day by 2016. The trading volume monthly has been 10 million in 2014, $100 million in 2015, and $11 billion in 2016.

Another intriguing statistic supplied by the business could be that the amount of money pulled by traders monthly. In 2014 that amount was $500,000, by 2015 it totaled to $1,500,000, and from 2016, it plummeted to $5,700,000. Concerning processing time for withdrawal asks, IQ Option has increased radically from 4 business days in 2014, to 3 business days at 2015, also only 1 business day by 2016. Additional incredible statistics include support team answer times via live chat that has been 7 minutes in 2014 and only 46 minutes in 2016. Telephones required 5 hrs to process from 2014, two hours at 2015, also only 2-4 minutes from 2016. Certainly there were striking growth, advancement, and efficiency benefits to the provider.

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Account Types

There are just two kinds of accounts in IQ Option for Forex trading. Included in these are a top-notch account with a $1000 minimum deposit along with also an entry account with a minimum deposit of only $10. There’s a VIP account that’s supplied through the account managers to high profile traders. The minimum deposit amount to the VIP accounts is $3,000. There are various privileges with a VIP account, for example boosted elevation, a personalized account manager, completely free usage of trading tournaments, 24/7 service, personal mentor, along with guide interaction using IQ Option. Demo trading accounts are readily available to help Forex traders learn the basics before turning to some real money accounts.

Trading Platform/ applications

IQ Option runs onto a top-tier trading platform that utilizes proprietary applications to offer you a demonstration account and a real income account options. The trading platform offers all that Forex traders want including historical quotes, multi-chart design, technical and fundamental analysis. The platform is found on Apple along with iOS apparatus, such as Mac laptops, Windows desktop computers, along with Ubuntu. All browsers are supported, for example Google Chrome, Firefox and Safari. The trading platform comprises Digital Options – that the latest product in IQ Option.Plus, the trading program is found at the App Store, or even perhaps the Google Play Store. The downloading is ran directly from your site, and it’s a .EXE document that’s 11.9 MB to install and download.

Deposit options

Multiple secure and safe deposit options are also accessible to traders including Visa, Visa Electron, MasterCard, Maestro, Neteller, Skrill and WebMoney. The minimum amount per deposit is currently 10/$10, and also trades can also be started onto the stage for only $ or11.

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Markets

Traders can enjoy 1 2 cryptocurrency options with 25:1 leverage in IQ Option. These include Bitcoin, Litecoin, and Ethereum. Other options contain Forexstocks, options and ETFs.The assortment of available shares comprises the CAD/CHF, EUR/AUD, AUD/JPY, GBP/AUD, GBP/CAD, GBP/CHF, USD/CAD, EUR/CAD, CHF/JPY, AUD/USD, USD/CHF and others. There are heaps of money pairs offered to traders on the platform. Cryptocurrency is normally traded contrary to the USD with options for example BTC/USD, Bitcoin Cash, LTC/BTC, ETH/BTC, and IOT/USD Amongst Others. Popular shares such as Tesla, Amazon, Microsoft, Twitter Inc., Apple, Google, McDonalds, and Nike are accessible. Goods such as crude oil, silver, gold, platinum and many others might be traded throughout marketplace hours.

Bonuses

IQ Option conducts multiple online trading tournaments where registered customers can compete for ample prize pools. All these are sometimes available, and further details is found throughout this stage.

Customer Support

Customer service is accomplished via multiple channels including email, snail-mail, FAQ, along with country-specific offices. Support is currently available 24/7 from the following nations: Russia, Germany, UK, Austria, Brazil, Singapore, Portugal, South Africa, India, Spain, Thailand, France, Italy, Australia, Argentina, Mexico, Colombia and Chile. Payment transactions are handled by the corporation ‘s Cyprus office. The service mails include these: [emailprotected] and [emailprotected]. Customer service reacts in a timely manner to a variety of questions including bookkeeping, technical, enrollment, platform, tournaments, along with trading-related troubles. Social Networking options comprise Facebook, Twitter, Instagram and YouTube. Traders can share with details of these trading experience on the societal networking stations. Customer care is found in13 languages, for example Russian, Portuguese, Turkish, German, French, Spanish, English, Swedish, Italian, Indonesian, Korean and some others.

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Safety

Safety is paramount at IQ Option. The ethics of trader balances is ensured in any way times, thanks to SSL technology and the maximum encryption protocols. Firewall security protects against thirdparty interception of your personal data. This Internet trading system is enrolled using all the following particulars: HE324593, to IQ Option Limited from the Seychelles.

Ease of Use

Generally, Forex traders have no issues with this stage. You’ll Be required to enroll a different account, and verify your information Before You Begin investing at a demonstration style or a RealMoney manner

Final Thoughts

As one of the primary internet trading platforms, IQ Option helps make it feasible for Forex traders, shares traders, commodity traders and cryptocurrency traders to reevaluate their trade during marketplace hours. A wealth of favorite Forex options is obtained including currencies that are major, minor pairs along with currency pairs that are exotic. The most recent trading craze – cryptocurrency is found in 1-2 options. In general, an excellent trading platform having a range of viable options for traders.

Internet Site:
IQOption.com
Telephone:
44 80 0069 8644
Legislation:
CySEC
Pairs provided:
188 Pairs including Major monies, small pairs, exotic pairs along with Crypto Currency pairs
Minimum Deposit:
$ 10
Spreads From:
0.5 PIPs
Max Leverage:
500:1
Markets:
Forex, Indices, CryptoCurrencies, Commodities, CFDs