IQ Option | Binary Options Brokers

IQ Option Review

IQ Option
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Overview

IQ Option is not your usual binary options broker. It brings to you all the features with minimum deposits, has unique accounts, and a customised trading platform. It would be…

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Details

Broker IQ Option
Website URL http://www.iqoption.com
Founded 2012
Headquarters Alta Vista Trading Ltd, 
306 Victoria House, Victoria, Mahe, Seychelles
Support Number +44 20 3318 7173
Support Types Email Form , Phone , E-Mail
Languages English , Turkish , Chinese , Spanish , Portuguese , Indonesian , Russian , Italian , German , Korean , French , Swedish , Norwegian
Trading Platform SpotOption
Minimum 1st Deposit $10
Minimum Trade Amount $1
Maximum Trade Amount $1,000
Bonus 100% Welcome Bonus
Payout 92%
Free Demo Account Yes
Regulated Yes
Regulation Cyprus Securities Commission (CySec)
Account Types Demo Account , Real Account , VIP Account
Deposit Methods VISA , MasterCard , Maestro , Bank Wire , Neteller , Skrill Moneybookers , POLi , CashU , WebMoney
Withdrawal Methods VISA , MasterCard , Maestro , Bank Wire , Neteller , Skrill Moneybookers , WebMoney
Trading Methods Browser , Mobile
Number of Assets 79
Expiry Times 60 sec , 2min , 5min , 15 min , 1 hr , End of Day
Types of Assets Commodities , Forex , Indices , Equities
Option Types High/Low , 60 Seconds
Trading Currency USD , AUD , CAD , EUR , GBP , NZ$ , RUB , Yuan
Account Currency USD , AUD , CAD , EUR , GBP , NZ$ , RUB , Yuan
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 100

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Low first deposit
  • Rich # of language alternatives
  • Many awards
  • $10,000 Demo Account
  • Fast Withdrawals

Cons

  • No Live-Chat

Full Review

Trustworthy Binary Broker SealIQ Option is not your usual binary options broker. It brings to you all the features with minimum deposits, has unique accounts, and a customised trading platform. It would be wrong to not consider these features positive, since they make IQ Option a really creative broker, offering state of the art trading environment and amazing service. After having finished with our IQ Option review, we have to say we were more than satisfied, and personally recommend our readers to try this broker out. Please kindly note that IQ Option does not welcome traders from Japan and US.

IQ Option Special Features

We have already mentioned how this broker is an unusual one and is filled with innovative surprises. IQ Option is the very first broker to be offering a demo completely free of cost. Moreover, the minimum deposit amount is only $10 while the maximum returns go as high as 92%. Besides, this broker offers even more amazing features that will be available to the user at really affordable deposit amounts. For newcomers, IQ Option is a golden choice as it possesses really low deposit amount requirements on accounts and offers a free demo. Plus, the cash back tools help ensure that risks stay on the low. Now, even those individuals who never trade due to the fear of risks are going to be left with no excuses!

IQ Option comes with three account options. The Free Demo Account comes under the basic starter account type. We had chosen this account type in our IQ Option review because we found it much easier to register with and did not have to worry about making a deposit. While typically, demo accounts are just excuses for a starter feature with accounts that are deposit ready, in this case, it leads to a standalone product pack that consists of:

  • Introduction Webinar
  • $1000 of virtual funds
  • No risk whatsoever
  • A chance to test the platform.

If you wish to create your account faster and hassle-free, you can always sign up using Google+ or Facebook. We did receive the activation email, however, the activation link failed to work. In case the users face this little issue, they can log in manually using the supplied password itself.

Real Account

  • Begins with a small deposit of $10
  • Customers get up to 45% of cashback options
  • Weekly webinars
  • Exclusive access to all assets
  • Exclusive access to trading competitions
  • Bonuses as high as 80% on every deposit
  • Users receive trading signals on a deposit of $100 or more.

VIP account

  • Begins with a deposit of $1000
  • Offers cash-back up to 60%
  • Offers VIP webinars
  • The maximum bonuses can reach a full 100% on every deposit
  • A personal account manager
  • Trading signals free of cost
  • A monthly analyst meeting to develop trading strategies
  • Quick processing of withdrawals*.

IQ Option has made things a lot easier for everyone who has only started a trading career. We are confident that after having read our review completely, a number of new traders are going to show up because there was never an opportunity easier than this to start with.

All the amazing above features apart, users also gain access to an interactive web-based education system that comes in various languages such as English, German, Japanese, French, Romanian, Polish, Turkish, and much more.

The insurance that the users get differs by option and this option can be unlocked by going to the VIP or the Real IQ Option account. The peers of IQ Option also honoured the broker with awards such as “Most Innovative Binary Options Broker” on the occasion of “ShowFX” conference that took place in Moscow.

IQOption Trading Software and Assets

One gets a unique experience while trading with IQ Option. Those who regularly read our reviews are aware of the fact that we give whole page trading platforms more importance, so they can understand how impressed we must be after having used the platform for our IQ Option review. It would not be right to call the trading solution by IQoption as “ the whole page” because it is actually only a section of the overall user platform solution offered by IQoption. After logging into the IQ Option platform, the user is quickly redirected to the trading platform and every tool or link can be accessed using the panel on the left-hand side.

The trading navigation panel is situated on the right-hand side and users can place trades through it. The central region is for the massive graphing tool. On the left, users get to choose two different kinds of binary options. There is a bubble that consists of a number right next to every type. That number represents the total number of open positions. One would need some time to get used to the graph controls as the move and zoom controls work in an independent manner. The interface also consists of the withdrawing and depositing panes. These work efficiently. The user barely ever faces the need to contact support as the user can choose levels of bonuses with every deposit.

On the lower section of the interface, a list of all the trades being entered by other users in real time is displayed. With its help, users can understand what direction the market might be moving, but unlike the SpotOption platform, the sentiment is not aggregated.

Users can also trade on the go, thanks to IQ Option’s mobile version. A mobile application is available for iOS and Android platforms and can be downloaded free of cost from the app store/play store. However, a small limitation exists, which is that the platform offers only turbo and high/low options. Users will not be able to find exotic options that enable extremely high returns. We hence believe that only newcomers or the intermediate traders could make the best out of IQ Option.

There are 7 indices, 22 currency pairs, 46 equities and gold. With the help of all this, traders can easily create a portfolio that is diversified with greater market volatility.

Support and Services

If the users already have some prior trading experience with a different broker, they will find the support feature of IQ Option a bit different. If the users possess a VIP account, they will be granted an account manager who would help them with any issue that may arise. If users wish to contact support, they will not be able to do so on a Demo account. They will have to upgrade to an IQ Option Real account. However, here’s what’s different – there is no phone contact or live chat in the contact options for support.

There are two ways to contact the support staff, via email or Skype. Our readers must be aware that we support all brokers who give users widely used messenger or calling applications such as Skype for contacting purposes, as a number of users find them convenient and easier to use. We had no issues using it for our IQ Option review but are really don’t know how those users using desktops with no camera or mic equipment be able to use the Skype option easily for contacting. However, we consider this as a really small issue because normally, every user either uses a handheld device or a laptop.

Moreover, various languages such as English, Italian, Indonesian, Portuguese, Russian, Spanish and Turkish are supported by the website. The FAQ is also well-written and detailed, sure to help the users with general questions.

Banking and Company

We have already hinted how IQ Option offers easy banking services. A single control interface gives the users access to all functions such as depositing, withdrawing, bonuses, payment type, etc. as soon as the user logs into their account. The deposit pane consists of a list of amounts that a user can deposit, and as we have mentioned above, the user can also choose the bonus amount they wish to consider with their deposit. The withdrawing process is the same and does not require more than a few clicks to finish. All that the user will have to do is select the withdrawal service, choose an amount and hit the request button.

Those users having an IQ Option Real account will have all their withdrawal requests processed in a maximum of three business days while those with a VIP account will have their withdrawal requests processed in less than 24 hours! The users can go for WebMoney, Yandex, Qiwi, credit card or wire in order to withdraw their funds. For both, withdrawals and deposits, the supported credit cards are of Maestro or VISA. If users go for net wallets, they can choose between POLi, CashU, Skrill Moneybookers or WebMoney.

Generally, the deposits are free but the withdrawals would bring up a fee of $50 for bank wire and $5 for credit card withdrawals.  However, the minimum withdrawal is only $10. Users can feel free to track any operations or trading history in the control panel.

Alta Vista Trading Ltd, the company behind brokerage, proved to be of great help throughout our IQ Option review.

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Paul Graber

I was born in Manchester in 1967. I am an Economist with a Ph.D. degree. I have been working in the financial trading industry as a professional since 2003. I am a fan of Manchester United team. I am married and have a little princess.

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