This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders
IQ Option is a leading online broker offering binary options, CFDs, cryptocurrencies and forex trading. The detailed review includes a full summary of the trading platform, a review of the mobile app, tips on how to use the demo account effectively, and tips on strategies and options. Join millions of other traders and sign in now.
The financial products offered by the company carry a high degree of risk, which can lead to the loss of all funds. Never invest money you can’t afford to lose
Exchange
To provide clients with access to financial markets and online trading, IQ Options has developed its own custom trading platform and a wide range of tools. The interface and features of the platform are modeled on advanced systems used by the spot forex trading industry, so most binary traders do not use them.
The IQ Options software includes tools such as stop loss and take profit levels, a feature not available in ‘standard’ binary operators.
To add trading strategy options and manage trader risk, the company also created a ‘Deposit Positions’ feature. This is the mechanism by which the deal can be opened in addition to the stop loss.
Strategy Tools
Strike prices and trade buttons are just as clear and intuitive as price charts and graphs. Navigation is simple and traders can easily switch between assets and markets. In addition, the entire layout can be configured and customized, allowing traders to move multiple charts or analysis tools to the desired location to suit their trading strategy.
Customizable elements make this one of the best trading platforms in the industry.
The platform appears as a web-based hub or merchant that can download versions for PC or Mac. The download is much faster. There is also a mobile platform. All platforms are stable, but the PC download has the fastest transaction execution times.
Currently, there is no Metatrader 4 (mt4) integration.
It is clear that the software is one of the most sophisticated trading platforms in the binary industry, especially for over-the-counter brokers.
This site is available 24/7 so there are no “business hours”. However, you can only trade assets if the relevant market is open. Many forex pairs trade 24 hours a week, but US stocks can only be traded when the NYSE is traded.
Chart
In addition to providing a refreshing user interface, the trading platform allows you to change the chart view by choosing from 4 different layouts.
- Line
- Candlestick
- Region
- Thanh
Bar chart and candlestick chart time scales can be selected from an impressive 18 time periods, and many charts can be used to see trends for more than one time zone.
There is also a wide range of other tools such as line drawing tools that traders can use to plot their trends on live charts. The latest update also adds rich technical analysis. You can place several indicators on the chart, such as Bollinger Bands, Moving Averages or RSI. There are almost 20 different indicators.
This chart allows active traders to use price behavior patterns to identify opportunities in different time periods, allowing for accurate forecasting.
One of the most useful features of the trading platform is that traders can make multiple trades on the same chart. This is especially useful if you want to use a more sophisticated trading strategy or signals. Being able to track open positions on the same chart makes it easier to execute Turbo and Martingale strategies.
Trade sizes range from $1 to $10,000 for classic options.
Forex and Cryptocurrency Products
Modern products like forex and cryptocurrency trading show slightly different options depending on the market being traded. For example, trading forex will increase leverage and prevent losses. For the difference, assets like Bitcoin or Ethereum are traded through contracts with no expiration time. But they do stop loss and take profit. The new forex commodity also allows for weekend trading.
The interface remains the same throughout the scope of the trade and all relevant information is provided to the trader. So traders familiar with binary can still feel at home if they want to trade forex.
Mobile app
The IQ Option mobile trading app follows the development of a custom trading platform and provides a seamless mobile user experience. The trading area looks like a fountain and screen, the buttons and ‘look and feel’ like the entire website or desktop download.
Mobile apps are designed specifically for each operating system, so the IQ Option Android app is designed specifically for Android devices. Similarly, iOS apps are written with iPhone or iPad and allow you to get the most out of these devices. What IQ is known for is attention to detail.
Apple’s recent changes to binary-related apps were quickly handled by IQ Option. We have redeveloped the iOS version to comply with the new rules. Their ability to adapt to changing investment conditions is a relief. The new version includes forex and CFD trading, and once released, cryptocurrency trading is also possible.
There is also an ‘IQ Option for Windows’ version as well as Android and iOS versions. The download button below will take you directly to Google Play or the App Store and the latest version of the mobile trading app.
Download IQ Option App
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Intro video
Here is a demo video of IQ options. Full demo of all developments added during the recent ‘Platform 4.0’ upgrade. The demo covers how users can modify the trading area to suit their needs. It shows you how to test the same price chart over a period of time, how to add a technical analysis overlay and how all of this can improve trading results.
The video is not an out-of-the-box guide, but it does provide a full demo of the user experience, the new trading platform and how it differs from other binary options broker platforms.
Trading options (CFD, Forex & binary)
IQ Option is constantly being added to the underlying asset portfolio. Traders can trade in four main asset classes: forex, commodities, stocks and indices. They also meet the needs of users.
Currency pairs are IQ’s strength, allowing you to use more exotic currencies including NOQ, SEK and TRY. The asset list is comprehensive, allowing traders to build their career in a variety of markets. Dollars, euros, yen and pounds still dominate most forex trades and generate large trading volumes. EUR/USD is the most popular trading pair.
The company has also added an expiry time range. Specializing in past short-term expirations, IQ now offers more options, including popular end-time, long-term, and end-of-month expirations. The trader’s choice is never large.
Forex and CFD trading continues to expand users’ choices. Forex can be traded per pip in addition to binary trading and CFDs can be traded with no maturity for long term trading. Recent crypto expansions provide access to Bitcoin and six other cryptocurrencies through contracts for difference.
Forex Multiplier is an IQ option feature added to provide leverage levels. The max multiplier now reaches x1000 which is interesting but this affects profit and loss. So you can scale your trading volume to x1000 to take advantage of even small movements in the currency market.
Cryptocurrency multiplier
In addition to traders being able to trade crypto assets using CFQ, Forex or Classic options, IQ Option has introduced a new vehicle called crypto multiplier. These transactions are used effectively. The base price is still an important factor, but using a multiplier will widen the deal. This increases the potential profit or loss in any trade.
Initially, IQ only offered Bitcoin x 100. As the name suggests, it was bitcoin price multiplied by 100. Increased volatility of volatile assets – ideal for traders.
The product was so successful that IQ expanded it. So you can use more in more cryptocurrencies like Ethereum (ETH), IOTA, TRON and Ripple. Multipliers range from x20 to x50 and x100 in Bitcoin. It provides another high risk/reward route for traders to profit from crypto assets.
Trading costs (spread, commission)
When comparing brokers, you need a broker with transparent fees and costs. To determine the cost of IQ trading, you need to consider the following:
- Spread – The difference in price between the buying and selling value. This depends on things like volatility, assets, liquidity and even time.
- 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 – 2.9% commission will be charged for cryptocurrency transactions. No fees in other markets.
- Swap Fees – You will be charged for some transactions held overnight. It varies from 0.1% to 0.5% and higher if open on weekends.
- Inactive Account Fee – If your account is inactive for 90 days, you will be charged €10 (or equivalent) per month until your balance is zero.
Deposits and Withdrawals
You can deposit using a variety of options, depending on your country, but there are popular methods like debit and credit cards, e-wallets like Skrill and Neteller, and cryptocurrencies through Hoddy service. Bank transfer via debit card is the most popular option for traders.
IQ Option recently introduced AstroPay to facilitate payments in areas where options were less than in the past, such as Brazil, Argentina or Vietnam. Bank transfer via debit card is also one of the most popular option.
- Thailand – Bangkok Bank, Kashikon Bank, Krung Thai Bank, Siam Commercial Bank, Ayutthaya Bank, Government Savings Bank, TMB Bank.
- Philippines-Help2Pay
- Indonesia-Central Asia, Rakyat Indonesia, CIMB Niaga, Negara Indonesia, Mandiri.
- Vietnam – Vietnam, Bank for Investment and Development, TechBank, Lam Bank, Asian Commercial Bank, Sacombank, Donga Bank, Eximbank.
- Malaysian supported banks: Maybank, RHB Bank, Public Bank, Hong Leong Bank, CIMB Bank, AmBank
South Africa is supported through many new payment methods, including Perfect Money. In fact, Perfect Money has capacity in many regions, including South America (Argentina, Brazil and Colombia).
China Union Pay provides payment solutions for merchants located in China, Taiwan, Hong Kong or Macau
Safe
There are very few deposit errors and the help desk can often help you if something goes wrong. Depositing with IQ option is safe.
You can withdraw using the same list of methods. Withdrawal methods usually require verification and proof of withdrawal remains in the user area for the life of the account, for example, for audit purposes.
Account type
The standard trading account requires a minimum initial deposit of $10. The default account includes all options, withdrawal options and features like a premium account.
The company offers a VIP account. Available to clients that deposit significant amounts (the exact amount is subject to change):
- Personal manager
- Higher profitability rates on options
- Free participation in trading tournaments (regular users are sometimes required to pay entry fees)
- Exclusive educational materials, Public VIP chat rooms
Payouts
In terms of return on investment, standard payouts offer very competitive rates. In the right situation, traders can get up to 91% payout for successful trades. This payout depends on the asset selected and the expiry time. The 91% ‘headline’ payout rate is the highest in the industry. The term ‘percent profit’ does not guarantee profit, but rather profit when a transaction success .
Forex and CFD
The payouts for products like Forex and CFD trading depend on the performance of the underlying asset. IQ offers the risk management tools you can expect when trading these instruments. This includes stop loss and user-defined leverage (which can be set to 0). The new product moves IQ options to the alliance of major global brokers, and that product certainly rises to that level. You also get direct access to Bitcoin and Ethereum transactions.
Spreads in Forex and CFD trading are also competitive. As a result, the cost or commission for trading with IQ is cheaper and on par with larger online brokers. The free practice account is a great way to test other assets without risk.
Promotional code
IQ previously offered monthly promotional codes to new customers as a welcome event. These are paid out in the deposit match and the amount will be ‘proportional’ depending on the size of the initial deposit. However, this type of proposal was withdrawn IQ no longer offers this type of incentive. The reviews that still mention bonuses seem old.
Is IQ options a scam?
Trading with IQ Option is legal all over the world, from India to Ghana, Vietnam.
History
Founded in mid-2013, this brand is one of the most innovative and trusted binary brokers in the industry on BinaryOptions.net. In addition, the reputation has been enhanced by various awards from various reviewers in the industry. They list their awards all over the site. – The list of awards cited on their website is a reputable comparison site and confirms their credibility. IQ Option is safe and not cheating.
Our user satisfaction feedback is positive for IQ. – Users have fewer complaints and use the IQ options platform for months and years. Forum replies are also positive.
Website connectivity issues (websites not working and not loading), are usually problems local to the user, not a real problem on the platform. Similarly, ‘server down’ or similar errors are usually on the client side, not a real problem with IQ options.
The company operates in a very transparent manner to maintain the reputation and trust of its users:
- Free practice/dummy account – no time limit parallel to real account. IQ Option has faith in the trading platform to hone their skills and stay in trades for the time it takes for traders to hone their skills. A demo is available for download, but traders can simply use the entire mobile-friendly site. You can reset your demo balance by contacting support.
- The proposed deposit matching bonus has been completely removed, as this type of bonus to be high risk and as a regulated brand, IQ has stopped offering it.
- Hedging – Clear IQ on how and when to hedge your position. This will act to reassure traders who fear ‘more than the counter brokers’ want to lose traders. IQ actively manages risk.
- Support – Support is available in multiple languages and includes live chat to quickly resolve your complaint. Users who need to unblock, delete or close their account should contact support by phone.
- News – Event calendar and brand news delivered to your region.
Demo account
IQ offers industry leading demo account terms. It is a deposit demo account. The balance can be restored to $10.000 as often as needed, and the working account can be used for a long time and with no time limit.
Demo or virtual accounts can be operated with real accounts rather than Instead. This allows real money traders to switch to a demo account and try out new strategies without risking real money. The most flexible demo account available and no risk at all. This offer along with the lowest deposit is why this broker has grown so fast. This is also why the brand seduce beginners and beginners. It shows the belief that they have the best trading platform and know that the trader has used it – they will be with them.
Country
IQ offers trading in many different countries and supports multiple languages. In 2014, the company operated to 178 in 2016 in 18 countries. However, some countries may not be able to trade with IQ due to local laws or regulations. As a result, traders in Canada, the United States and Australia are currently unable to open an account.
The company is growing very fast in Asia and binary law is legalized in India. They recently added several regions to the list, including:
- Malaysia
- Singapore
- Thailand
- India
- Pakistan
- Philippine Islands
Other growth regions include Africa, where Ghana and Nigeria are seeing a large number of new traders. This growth is supported in part by a ‘softer’ regulatory regime. In a responsible brand like IQ Option, it works really well. For the same reasons, marketing is promoted by the UAE, Brunei and even Japan.
Traders in this region can now register with IQOption. The login process is very fast, and signing up for a demo account only requires an email address. In addition to the login screen, traders must make a deposit before trading real money. But the lowest deposit is the lowest $10 in the industry. Minimum trades are equally low, at $1 per trade.
Tournament
There are regular merchant tournaments on the trading platform. Each tournament has its own conditions. These are contests that are usually based on successful dealings with leaders. Tournaments are usually determined by the total amount of revenue for a certain period of time, as the broker encourages trading.
It provides a great way for traders to compete against each other and attracts a lot of attention. Terminology can often differ, so one league might focus on short-term options and another might look at specific asset classes, such as forex.
Often the winner of this contest has an important prize. These range from cash rewards to more unique prizes, such as the recent Martin Martin Racing Day experience. This gave merchants the chance to enjoy a race day in one of the sponsored Aston Martin race cars. This tournament really enhances the sense of customer friendliness that is fueled by the company and is worth investigating.
Game
The specific strategies to use in IQ Option are difficult to explain in detail due to the large number of options available. From rainbow strategy to technical analysis, traders’ choices are endless. A win strategy for eur/usd may not work for oil trading and the lessons learned from a 60 second strategy may not improve trading results for more than 5 minutes.
But the demo account is a great place to experiment and find a winning strategy. Every trader has to find their own system and IQ unlimited demo gives traders a better ‘sand fit’ than Plus500.
Binary vs Forex
Binary vs forex debate is another complicated argument when looking at strategies. It will always come back to traders, their risk appetite and preferred trading terms. Our strategy section may contain helpful ideas like the forums. Our blog entries often contain trading tips, but how to do it or act is up to the trader.
Strategic factors like money management are really a problem for every trader because they know the taste of trading risk.
The final point of the strategy is that there is no ‘loss’ system. Some trades will win and some trades will win. But the winning strategy is beneficial in the long run. Anyone providing 100% (or close) accuracy can be dishonest. Discussions on Reddit or Youtube do not seem to be a legit trader and offer a free system!
Signals and automated trading
Currently IQ does not signal traders. There are sentiment indicators that give a feel for the market sentiment, but no automatic signals.
Expert advisors are often functions promoted by other brands, but it would be unfair to employees of brokers acting on behalf of traders. IQ does not offer expert advice on standard accounts.
The company likes to allow and train traders to make their own trading decisions.
FAQ
Minimum deposit to open a trading account What is translation?
The minimum deposit for IQ options is $10, €10 or £10.
Can I trust the IQOption platform?
Yes The website, desktop download and mobile app are all reliable. However, IQ recommends desktop software for the fastest runtimes.
What trading platform does IQOption use?
IQOption uses a proprietary trading platform. The platform is constantly being developed and improved to add new features as well as new markets. The platform’s charting feature is very advanced.
Do IQ options provide leverage?
Yes The maximum leverage offered by IQ Option is 1:500.
IQ options also provide ‘plural’ for certain assets (mostly cryptocurrencies). Multiply the change tThe base price with x50 works a lot like additional leverage. See IQ Option website for details.
How long does it take for my withdrawal request to be processed?
An IQ withdrawal request usually takes 1 business day. Depending on the requested withdrawal method, it will take 2-3 business days for the funds to reach your account.
Are IQ options safe?
Yes They are legal and brokers.
Do IQ options accept PayPal?
No The best e-wallet options at the moment are Skrill and Neteller. Like China Union Pay for merchants in Hong Kong or Macau, Perfect Money was recently added.
Review conclusion
Yes
• Successfully up to a high profit rate of 91% if the transaction is paid
• Minimum Minimum deposit required – $10 account
open
State-of-the-art exchange •
• Direct access to crypto markets such as Bitcoin
• Secure account verification
• Quick withdrawal
Defect
• Smaller market coverage than some competitors in forex and cfd
• Automated trading features / self-built robots have been removed.
• No need to integrate MT4
Unsatisfied
Several important IQ users indicate that the site is not loading, not working or offline. These problems are usually on the user end, not the platform. This site boasts impressive uptime statistics and is a powerful motivator to open the ground up for your business! It was very rare for websites to be unavailable or down, and these problems wouldn’t have happened if they were connected over a stable connection.
Material
The IQ option registration process requires only an email and only takes a few minutes. Once confirmed, you will have access to a demo account and real money markets. Deposits are required to trade in real accounts. The deposit process is very similar to the registration process. The minimum amount is currently $10 and the smallest trade is $1 per option.
Contact
IQ Option offers a wide range of communication methods.
- Email – [email protected]
- IQOPTION LLC with company number 905 LLC 2021 and having its registered address at Hinds Building, Kingstown, St. Vincent and Grenadines
You can access customer support via, email, or live chat. Customers are supported in more than 20 languages.