Managed and owned by IQOption LLC, IQ Option is a financial services provider based in St. Vincent and Grenadines.

The exchange first launched in 2013 and since then, it has grown tremendously. With a low minimum deposit requirement of $10 and a free demo account, IQOption has truly made online trading accessible to everyone.

 

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Exchange

Instead of choosing a standard trading platform, IQ Option has chosen to offer its clients a proprietary platform specifically designed to serve their trading needs. The same platform is used for CFDs and binary options trading. Well designed to be user-friendly, the platform has a large chart which is of great help to traders who want to keep an eye on the conditions in the market.

In addition, the platform comes with a wide selection of trading instruments not usually found on any binary capable trading platform. Some of the advanced trading tools where we can see popular technical indicators like Moving Average, Bollinger Bands, MACD and RSI.

Brands often add new features to the platform to give traders more flexibility. One such feature is ‘recharge slots’. This allows a trader to keep a trade open if it is approaching a stop loss. It gives traders more scope to allow trades to recover before closing. It must be used with discipline, but offers traders new options for trading or risk management strategies.

 

                                                                      IQ Options Trading Platform

Mobile trading

For traders who are unable to stay in their trading terminal for any length of time, they can install the mobile trading app provided by IQ Option for free. A mobile trading application designed specifically for smartphones and mobile devices, allowing traders to check the status of their accounts, stay up to date with all developments in the market as well as to performgiao dịch.

Trading Account Provided

Unlike most CFDs and binary brokers, IQ Option only chooses to offer 3 types of trading accounts, a standard trading account, a VIP account and a demo account.

To open a standard account, only a minimum deposit of $10 is required. For a VIP trading account, you need to make a Available to clients that deposit significant amounts (the exact amount is subject to change).

Both types of trading accounts allow traders to participate in IQ Option weekly trading contests. However, the VIP account will allow the account holder to add trading benefits such as free participation in trading promotions, 3% extra profit and the service of a personal manager.

VIP account options:

  • Personal manager
  • Higher profitability rates on options
  • Exclusive educational materials, Public VIP chat rooms
  • Free participation in trading tournaments (regular users are sometimes required to pay entry fees)

Potential traders who want to try out the platform can first sign up for a demo account. It is offered for free and does not require any prior deposit as some brokers require their clients to do first. The demo account comes preloaded with $10.000 practice money that you can use to make your practice trades.

IQ option assets

Currently, IQ Option traders can trade over 300 different underlying assets. These include a selection of currency pairs, market indices, stocks and commodities. Recently, IQ Option also added a selection of 12 different cryptocurrencies for its clients to trade.

The list of markets available for trading is constantly growing. The company recently expanded their stock and stock list and took the total in excess of 150. Expect this expansion to continue in all areas. IQ also spreads the market across all products, so things like Oil, Gold and Silver have been added to the list of Digital trading assets.

Minimum trade size varies from product to product. So binary and digital options can be opened for $1, have a minimum trade size of $20 (Or Euro equivalent or GBP).

 

Crypto multiple

Another innovative product distributed by IQ is cryptocurrency multiples. They effectively act as a leveraged trade, so price movements in the underlying assets are magnified. IQ Option first introduced this idea with Bitcoin x 100. This amplified price movements by 100 times, creating a huge opportunity – and risk – for traders.

That product is so popular, IQ has extended the concept to Ethereum, IOTA, Ripple and others. Multipliers range from x20, to x50 and x100 on Bitcoin as mentioned. Currently, these products are only available to non-EU merchants.

Transaction costs and fees

IQ Option is transparent with their fees and costs. To see how much it will cost to trade at IQ, you need to consider:

  • Difference – The difference between the bid and ask prices. This often changes and will depend on the variationdynamics, liquidity and even time of day.
  • Swap Fees – These are fees that apply to positions held overnight. Fees vary from 0.1% to 0.5% and will be higher when positions are held over the weekend.
  • Inactive account fee – If the account is inactive for 90 days, IQ will initiate a fee of €10 (or currency equivalent) per month, assuming account balance above 0.
  • Withdrawal fees – one withdrawal per month is free, for each subsequent withdrawal a fee of 2% of the amount withdrawn is charged, but not less than $1 and not more than $30.
  • Commission – On certain crypto transactions, a 2.9% commission will be charged. This fee does not apply to any other property.

 

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Customer Support

One of the main pluses of IQOption is their customer service. To ensure that traders at IQOption can get the support they want whenever the need arises, the broker has provided its support services 24/7. They can contact the support team via email, live chat, or by phone. For the benefit of traders whose native language is not English, IQOption has also translated their website into dozens of different languages.

Deposit & withdraw money

In order to fund trading accounts at IQOption, the broker has support for several remittance methods. These methods include credit card transfers, ewallets, and bank transfers. Accepted credit cards include VISA, Mastercard and Maestro. As for eWallet options, they include popular wallets like Neteller, Skrill, Perfect Money, and Webmoney.

For withdrawals, traders can also use the same methods they used to deposit in the first place. Processing of withdrawal requests usually takes one business day but can be as fast as several hours if the withdrawal method is by eWallets. For credit cards and wire transfers, the entire withdrawal process can take up to 10 business days to complete.

Growth in Asian markets also makes IQ Option expand its reach in that region. Therefore, bank transfers are now possible from a wide range of banks in this sector(*the information is relevant at the time of the review and is subject to change):

Thailand – Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Ayudhya Bank, Government Savings Bank, TMB Bank. Indonesia – Central Asia, Negara Indonesia, Rakyat Indonesia, CIMB Niaga, Mandiri. Vietnam – Vietkut, Asian Commercial Bank, Bank for Investment and Development, TechBank, Central Bank, Sacombank, Donga Bank, Eximbank. Malaysia – Maybank, Hong Leong Bank, RHB Bank, Public Bank, CIMB Bank, AmBank Philippines – Help2Pay – Supports both BDO (BDO Unibank) and MTB (Metrobank)

South American options are also expanding:

Brazil – Jeton Wallet (Supports Boleto Bancario) and AstroPay (Boleto, Itau, Bradesco, Banco do Brasil, Caixa, Santander) Argentina – AstroPay (Supported Banks) ; Pago Facil, Santander, Banco Galicia)

Perfect money can also be used throughout South America, including Colombia. Perfect Money is actually also a valid option throughout Nigeria and Pakistan, as well as parts of Europe.

Jeton will also support IQ Option traders from India and a range of banks catering to South African traders has also been added.</p >

China Union Pay can facilitate deposits and withdrawals for merchants in Mainland China, Hong Kong, Taiwan and Macao.

Is IQOption suitable for day trading?

One of the most important factors to consider when looking for a broker for day trading is to consider the type of instruments available for trading. With IQ Option as the broker offers CFDs that allow traders to open and close their market positions at any time, it is a suitable broker for day trading.“One of the most important factors to consider when looking for a broker for day trading is to consider the type of instruments available for trading. With IQ Option as the broker offers CFDs that allow traders to open and close their market positions at any time, it is a suitable broker for day trading

FAQ

What is the minimum deposit requirement to open a trading account?

Minimum deposit at IQOption is 10$.

How fast can my withdrawal request be processed?

Withdrawal request at IQOption usually takes a business day but only a few hours.

Is IQOption a reliable broker?

True. IQOption is a trusted broker.

What kind of trading platform does IQOption have?

IQOption uses a proprietary type of trading platform.

What is the maximum leverage available at IQOption?

The maximum leverage offered by IQOption is 1:500.

 

 

Accepted countries

IQ Option accepts traders from Thailand, South Africa, Hong Kong, India, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and most other countries.

Traders cannot use IQ Option from USA, Afghanistan, Albania, American Samoa, Australia, Belarus, Canada, Comoros, Crimea, Cuba, Democratic Republic of the Congo, Donetsk and Luhansk People’s Republics, Eritrea, Ethiopia, Guam, Haiti, Iran, Israel, Japan, Libya, Mali, Myanmar, North Korea, Palestine, Republic of Abkhazia, Republic of South Ossetia, Russia, South Sudan, Sudan, Syria, Transnistria, Ukraine, the United Kingdom, the USA, Vatican, and the U.S. Virgin Islands.

 

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK