There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. Recently, IQ Option has also added a selection of 12 different types of cryptocurrencies for its clients to trade in. Your review can make a difference to other traders, please leave a comment if you have any personal experience with IQ Option. I recommend testing the company at least via a free reloadable demo account that can be created within 30 seconds. On the other hand, each brokerage company has its drawbacks and IQ Option is not an exception.
- Through the trading interface, IQ Option clients can also access an impressive number of video tutorials, detailing various analysis methods and offering tips on the inner workings of the platform itself.
- To encourage and incentivize trading, generate publicity and excitement, IQ broker hosts tournaments.
- Safety is arguably the most important reviewing aspect in this review.
- A the time of this review, IQ Option hosted three trading tournaments, each of which requires a buy-in, similar to a poker tournament.
Can’t blame them for wanting to disclose all of the information about themselves, after all, it is the IQ Option strategy to attract more customers. Another positive aspect is that almost all the information about the broker is disclosed on their social media sites as well. If it is not disclosed then it is surely discussed by the community. We believe that such openness towards transparency is what gives IQ Option the edge over nearly 95% of all the other brokers.
Stop Losses and Take Profit levels can also be set for automatic trade settling. The CFD section of the platform seems to feature crypto currencies as well, along with 190 stocks and 20 ETFs. The spreads are excellent on all these CFDs though, and there may actually be more CFDs available through a real money account. The IQ Option of today barely resembles the operation people remember from a couple of years ago.
The IQ Option website has many training resources that can benefit both beginners and experienced traders. Perhaps the most spectacular metric regarding the growth of IQ Option is the geographic coverage of the operation. From a handful of countries in 2014, the services of the brokerage are now available in multiple countries. Registration will take no more than three minutes, you need to go to the site and fill out the registration form, IQ option also offers its customers to register using Facebook, Google. After entering your details and creating a password, you can continue.
- Deposit and withdrawal methods will vary depending on your country.
- But the broker understands that people find it difficult to, not only find reliable learning materials, but also keep learning.
- In this section, we will talk about both trade-related and non-trading fees and determine, whether they’re acceptable for IQ Option’s clients.
- That means all amounts surpassing your deposits (i.e. your profit) has to be withdrawn to an e-wallet or via a bank transfer.
- According to IQ Option’s description, a demo account has a refillable balance of $10,000.
The trading interface has useful browse and search functions to help you find specific assets. Because even the general terms and conditions help in this case only conditionally, as these currently, like many other contents, iq forex broker review are only available in English. Here, from the customer’s point of view, there is still room for improvement. Interesting are the regularly organized competitions in which traders can compete against other traders.
Clients at IQ Option may only trade on its proprietary trading platform, available as a desktop client, webtrader, and mobile app. It does not support automated trading or third-party developers but does allow traders to establish alerts based on more than 100 technical indicators and an economic calendar. It also allows traders to create a multi-chart layout; unfortunately, IQ Option does not properly introduce it to potential new traders, perhaps due to the absence of more competitive features. As of today, IQ Option owns one of the largest trading platforms on the market. According to this years’ data, the broker brings together almost 50 million registered users, amassed $290 million in monthly traded volume, and a customer support team with around 80 professionals.
Which assets can you trade at IQ Option?
IQ Option offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. IQ Option makes 2 live trading account types available, IQ Option Real and IQ Option VIP. The minimum deposit required to open an IQ Option Account is $10 USD. Per well-established industry standards, an online application processes new accounts; a name, e-mail, phone number, and country are required during the initial step.
Regulations, Deposits, and Protections
In conclusion, the broker offers a wide range of financial products for the traders. It is good to start with a demo account so that you get a feel of the unique IQ options platform. Our IQ Option broker review found that the broker offers 3 Different account types each with its own minimum deposit amount.
However, we would’ve liked to see more in-depth tutorials, as well as resources to help intermediate traders and information on how to customise the IQ Option trading platform. An interesting feature of the IQ Option trading platform is the trading community and leaderboard. In the trading community, you can discuss trading ideas and opportunities with other users, share insight and choose other traders to follow. While many traders will consider the inability to use either MetaTrader 4 (MT4) or MetaTrader 5 (MT5) a significant disadvantage, the IQ Option trading platform still has plenty to offer users. Inactivity fees, while not uncommon in the industry, can be a surprising fee to many traders that can quickly add up.
How long does it take to withdraw money from IQ Option?
The number of different kinds of platform-specific charts, tables, and tracking of prices, quotes and so on will be something technical analysis proponents will enjoy greatly. The number of indicators available on the platform will also be of interest to those who like to analyze for hours upon hour before they start trading. This IQ options review considers the platform to be one of the best available to users online, even beating out MT4 and CTrader. But, the IQ option platform is incredibly versatile and very intuitively designed, so even those who have never seen it before will be easily able to use it.
Traders may filter through it based on the desired asset, or use the search bar to locate content specific to an individual instrument or keyword. The most intuitive feature is icons of assets impacted by the article; clicking on it will direct traders to a screen with information about it and the ability to place a trade. The News Feed offers tremendous value to traders and is the best asset that IQ Option possesses.
Fortunately, the IQ Option platform does not forget about graphical tools like basic lines, trend lines, horizontal lines, vertical lines or Fibonacci lines. This is company is 100% scam and they admit it actually in their general terms and conditions. In other words, to withdraw $1’000 you will have to deposit $1’000. No matter how good you are and how much you will win, you will never get your money back.
IQ Option Trading Platforms
It features 30 currency pairs, from the most traded, right down to exotics. The charting tool selection lets traders choose from Area Charts, Line Charts, Candle Charts and Bar Charts. These are obviously useful for the spotting of various chart patterns. These include the Fibonacci Lines, Trend lines, horizontal lines and the simple line. A total of 12 technical indicators are available (and it is probably not up to traders to install more).