IQ Option is an online trading platform that allows the average Joe to invest in a variety of financial instruments and assets such as Binary Options, Digital Options, Stocks, Forex, Commodities, CFDs, ETFs, and Cryptocurrencies.
Founded in 2013 and operated by IQ Option Ltd, the website has quickly became one of fastest growing online trading platforms as they have over 20 million account holders from around the world.
IQ Option is based in Cyprus, and while regulated in the European Union by the Cyprus Securities and Exchange Commission (CySEC), the company has full legal capacity to sell their products to traders in many countries and jurisdictions.
IQ Option Platform Details
|Minimum Initial Deposit||$10|
|Minimum Per Trade||$1|
|Demo Account||Yes, with $10,000 preloaded|
|Option Types||Binary Options, Digital Options|
|Asset Coverage||Forex, Cryptocurrencies, Stocks, Indices, Commodities, CFDs, ETFs|
|Payment Methods||Visa, Mastercard, Bitcoin, eWallet, Neteller, Skrill, and more|
|Maximum Leverage||1:30 for Retail Traders, 1:1000 for Professional Traders|
|Trading Platforms||Web, Android, iOS|
What does IQ Option offer?
IQ Option is a comprehensive trading platform that provides its users with a wealth of investment choices. After starting their business as only a binary options broker, IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks, cryptocurrencies, Exchange Traded Funds (ETFs), forex, and a range of various digital options.
CFD for Stocks – IQ Option allows users to trade CFDs on stocks from over 176 different companies, including the most major multinational companies listed on the NASDAQ and NYSE, like Apple and Facebook.
Cryptocurrencies – Users can also trade 12 of the top trending cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.
ETFs – EFT trading is a relatively new product, and ETFs work by tracking commodities, indices and baskets of assets. These can be traded in the same way as common stocks, and traders can choose from approximately 4288 different ETFs.
Forex – FX trading, or Forex, is an extremely popular trading product and IQ Option provides access to around 188 currency trading pairs. This allows users to trade their favourite foreign currencies with ease and comfort.
Binary Options – Users can speculate on the price of a number of different assets, which include currencies, stocks, indices and commodities. The platform currently provides a selection of over 10 million options. This is the easiest way to make money in a short time.
Digital Options – Similar to binary options, digital options trading allows you to speculate on the direction of the price movement plus the extent of the price change, giving you the opportunity to obtain enormous payouts of up to 900%.
IQ Option Demo Account
Like many competitors, IQ Option offers a very useful demo account. IQ Option’s demo account is free and it also allows you to do some sample trading and to test new trading strategies at a time that is convenient for you.
The IQ Option demo account includes $10,000 in virtual money. If you use all of those virtual funds, you can easily increase the money again, allowing you to continue practicing your trading techniques. When you feel comfortable with trading, you can then deposit the small amount of $10 USD, or $20 USD, or even $50 USD.
IQ Option – Account Signup
The best way to get started is to sign up via Facebook, Google, or use your email address. After inputting your details and creating a password you can continue on.
When this is done you can immediately use your practice account with $10,000 virtual money. When you decide to deposit $10, your account will be upgraded to the real account. Very simple.
The platform also offers a range of charting tools such as Bollinger bands and other features that help increase your chance of trading success.
IQ Option – Deposit Methods
At IQ Option, there is a minimum deposit of 10 USD/GBP/EUR (or the equivalent in your currency). You can select your preferred way of payment, and IQ Option does not charge any fees for depositing funds.
Users can currently use debit services such as Maestro and Visa Electron, or credit cards like Visa and Mastercard. Customers can also use many many online payments services such as Skrill, WebMoney, Cash U, Neteller, and more. Bank transfer is also possible, but it takes some time. Therefore, the best and most secure way is simply using your credit card or an online payment service (e-wallet).
IQ Option – Withdrawal Methods
When withdrawing money from your IQ Option account, the withdrawal method will be different based on the deposit method.
For example, if you deposit $200 via your Visa card, then you make a successful trade and earn $450. $200 will go back to your Visa card, and the remaining $250 will be sent to your bank account or e-wallet. Very simple.
Another example, if you use a e-wallet to deposit $300, you make a successful trade and you earn $550. Total of $550 will be paid to your e-wallet. Again, simple.
If you want to withdraw your winnings, IQ Option can sometimes process your payment within 1 business day. ***IQ Option is a very secure platform regarding personal information. Your personal data will be safe.
IQ Option – License, Languages, and Countries
IQ Option has clients from 151 different countries. The platform and website are currently available in 16 languages, allowing traders from around the world to trade in a language they are comfortable with. Even more, IQ Option lets traders select from one of the following currencies for deposit: GBP, EUR, USD, CNY, MYR, IDR, and RUB.
This is their full business address:
IQ Option Ltd.
Hinds Building, Kingstown, St. Vincent and Grenadines
Should I start using IQ Option?
Through our experience, IQ Option is a highly regulated company with a high revenue turnover, full finance license, secure payment system, and high quality trading software to help traders succeed. They are one of the best platforms in the industry of binary options.
In conclusion, IQ Option is an excellent platform for the any person to start trading binary options, forex, and cryptocurrencies. The minimum deposit requirement is only $10, and they offer up to 900% profit on some trades, so it is a good website to do your investment and trading.
If you want to begin your trading career at the trusted IQ Option platform, click [here] to get their risk-free DEMO account with $10,000 preloaded.