IQ Option is a reliable and legit broker. They are one of the most reputed in the trading Industry. This platform is one of the best and my team recommends it to every level of user that is from the beginner to experienced level.
What is IQ Option?
in the year 2013, IQ Option came into existence and within a short span of time it has achieved great position in the world of trading.
It is basically an online trading site that keeps you well updated with all the recent trends and gives you the opportunity to trade in a variety of instruments including the binary options, stocks, forex, ETFs, commodities and crypto currency.
All about IQ Option-
IQ Option LTD is the company that brought IQ Option in existence in 2013. It has over 48,000,000 registered traders across the world and over 1,000,000 transactions per day. They are not just confined to a few but have traders from about 213 countries which is a really huge number. Some of the countries included in this list are India, Nigeria, South Africa, the Philippines, Malaysia, Pakistan, Singapore, etc.
In this review we will let you know everything about IQ Option to help you know it better.
Is IQ Option a scam?
The first and foremost query we get is, if it is a scam? The answer will be absolutely not!!
IQ Option is a legit broker with over 41 million users registered for trading and above 1 million transactions each day. This intuitive trading platform is one of the best around and we would highly recommend you to join this IQ Option community and get the best trades in your pocket.
Advantages of using IQ Option
IQ Option has a proprietary custom-built platform to account for the clients need.
It is easy to use and well designed for beginners as well. This makes trading much simple and quick.
There are multiple features such as trending charts, technical analysis, volatility alerts, market updates, stock screeners, historical quotes, economic calendars and even more.
There are abundant trading options as well including stocks, crypto currency, ETFs, forex, binary options and other commodities. You can browse the assets by category or use their search function to get your desired asset.
How to trade with IQ Option
To start your trade, first you need to register and create your account. The account can be created with simple steps. You need to follow the steps and your account will be created. The link for the account creation is given below
Once you have created your account and completed all the necessary information’s, so now you can see the chart in the middle of your screen with buy and sell options on the right side. Your account balance and your asset will be given on the top.
On the left side, you have a drop-down box from where you can get your asset that you want to trade in.
On the right side of the platform, you’ll get the option to enter the amount you want to trade for and whether you want to buy or sell. You can use multiplier also, but I would prefer not to use it.
Now you are able to automatically close your trade when your asset reaches a certain high value that you set forth.
Isn’t it easy to use? Do tell us your experience of using IQ Option.
Account type
It has 2 types of Accounts: Standard and VIP
A standard account needs $10 minimum deposit while a VIP requires $1900 minimum deposits.
IQ Option Demo Account
Likewise, other broker IQ Options also provides the facility of demo account. The demo account works without registering. You can try by yourself. Your free demo account includes $10000 as your virtual money. You can use the demo account until you feel secure to use the real one because it is timeless to use, there are no limitations. This option facilitates your different trading strategies and makes you familiar with the platform before actually using it.
Deposits and withdrawals
The minimum deposit for opening a real account is $10 USD/EUR/GBP. However, they do not charge any processing fee. Further to make your first profit you first need to do a photo verification which might be different in other countries. You can deposit your money through wire transfer or visa and Mastercard. Certain e wallets are also accepted including Skrill, Maestro, Webmoney, Neteller, Cash U and Money Bookers.
The minimum withdrawal amount is $2. Which uses the same payment methods as mentioned above. You further require a verification process that takes upto 3 days to secure your account.
Is IQ Option safe?
Yes, absolutely. They are one of the largest companies with more than 4 million users and they are further licensed and regulated by the FSA that is the Seychelles Financial Services Authority and they are also members of the Investors Compensation Scheme which protect client’s funds upto max $20,000. The client’s funds are kept in segregated bank account for further security.
Can you really make money with IQ Option?
Why not! Your profit in IQ Option is one step away from you and that is your prediction for an assets price movement by the time it expires. It further provides an option of 1-minute trade and you have to predict the right direction of the market of where it is leading to. Binary options pay upto 95% while digital options pay upto 900%. You will surely earn by this trading site because we have earned through it and believe me, they give very high returns and their charts are most of the time right.
Bonus and promotions
No bonus or promotions however there are certain competitions with various prices ranging from 100$ to $100,000. You can compete with traders and earn.
IQ Option works on which platforms? IQ Option works best on all the platforms including android, apple operating systems, they also work on web as well as through mobile application.