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IQ Option Review 2020 – Read Before Make The Decision

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IQ Option is one of the world's top rising online retail products. Voted the best mobile trading site, we have now extended our services to include stock and ETF CFDs, Forex trading, and the single Digital Options IQ Option app. You can swap CFDs with leverage on common digital currencies, too.

IQ Option is an online trading site that helps investors to exchange a range of financial products and commodities such as Binary Options, Stocks, Forex and Cryptocurrencies of course. Established in 2013 and run by IQ Option Ltd, the company has quickly become one of the fastest expanding electronic trading sites and claims to have more than 20 million account holders from around the world. IQ Option is headquartered in Cyprus and governed in the EU by the Cyprus Securities and Exchange Commission (CySec), the firm is completely compatible with the Commission's regulations and completely allowed to market its goods to consumers in a range of jurisdictions.

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IQ Option at a Glance

Broker                              IQ Option

Regulation                      CySEC (Cyprus)

Minium Initial Deposit   $10

Demo Account              Yes, click here

Asset Coverage            CFDs, ETFs, Forex, Cryptocurrency, Stocks, Indices, Commodities

Leverage                         30:1 Retail Traders, 1000:1 Professional Traders

Trading Platforms        Proprietary Web, Mobile App

IQ Option Review – What IQ Option offers

IQ Option is a robust trading site that offers its consumers with a variety of choices, and since starting off as a binary options trader, IQ Option also helps customers to swap Contracts for Differences (CFDs) on commodities, Tokens, Exchange Traded Funds (ETFs), Forex and a number of other digital options.

– IQ Option enables users to exchange CFDs on stocks of more than 176 separate firms including the most active NASDAQ and NYSE listed businesses.

– Users will also be willing to exchange 12 of the biggest cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA and Dash.

– EFT trading is a fairly recent technology, and ETFs work by monitoring asset assets, indices and baskets. These can be exchanged in the same lines as standard stocks, and traders can pick from about 4288 separate ETFs.

– FX trading, or Forex, is an increasingly common financial activity and IQ Option provides exposure to some 188 currency trading pairs. This allows foreign currency trading by users with convenience.

– Users can gamble on the price of various assets, including currencies, stocks, indices, and commodities. At present the website is a path to more than 10 million alternatives.

IQ Option Scam? The it with the Demo Account

IQ Option provides a free account, as do other rivals. The sample page of IQ Solution therefore sticks out. That is because there's no cap on how long the trial plan will be used for. It helps you to feel completely at home with your trading strategies. It also allows you to future check new trading approaches. The demo account with the IQ option includes $10,000 in virtual funds. If you are using all those virtual funds, you can easily replenish the amount, allowing you to continue to practice your trading techniques. 

Another advantage of the demo account is the fact you don't have to have contact details until you use it. That is not necessarily the case for competitors. The lack of personal information required for a demo account helps to protect the privacy of potential clients.

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Real Money Accounts

IQ Option needs low minimum deposit and new traders may start by simply depositing $10 to gain access to a live account, there are currently two choices for trading account:

    -Standard Accounts – This can be obtained with the minimum investment of $10 and Trading functionality is not limited. This account offers links to more than 70 properties and consumers will submit withdrawals and will be handled within 24 hours. True account holders may also compete in numerous trading contests (customers outside the EU) conducted on the website.

    -VIP Accounts – It is open to Traders who make a deposit of $1900 or an equal sum of certain currencies, or Have a trading value of $15,000 "IQ Option Ltd. offers VIP status for non-EEA traders" In addition to the functionality seen on the real account, there is also a personal advisor in the VIP account who is always able to assist traders with any questions and problems. The VIP account also comes with a monthly update on consumer trading activity, which is carried out by experts from the company and gives useful input on their results to users.

Getting Started with IQ Option                      

The best way to get started is by signing up via Facebook, Google or simply by using an email address to create an account. You will continue after you have entered your information and generated a password. Once that is finished you will use your trial account directly or upload your actual account before going on to live trading. 

A pop-up will alert you of the development of both your real and practice account. IQ Option has developed its own proprietary platform which makes site navigation a pleasant experience. The platform has been generally well designed with an intuitive approach and the location of all the different tools and features is quite easy. 

The free demo account also offers users the possibility of dealing for all the underlying funds. As a consequence, there are a range of choices for trades forms and users may move between their desired assets easily. The site also provides a variety of charting devices, such as bands from Bollinger and moving averages, both of which help boost trading capabilities.

IQ Option Deposits

There's a minimum deposit of 10 USD / GBP / EUR for the IQ Choice. You should pick your favorite deposit type and IQ Choice does not charge any fees for depositing money. You would need to go through the account authentication phase to make the first deposit, which in the EU includes including the address, personal details, including your trading background and uploading photo documentation. Various countries may have specific conditions and would therefore need evidence in order to allow transactions from the platform.

IQ Option provides a range of options for its clients to allow contributions and transfers to and from their trading accounts. Currently customers may use debit systems such as Maestro and Visa Electron, or credit cards such as Visa and Master Card. In addition, customers can use a host of payment processors like Skrill, WebMoney, Cash U, Neteller, and Moneybookers. There is also the opportunity to accept Wire Transfer transfers and the new minimum withdrawal sum is $2, whilst the approximate withdrawal period is 1 business day. Your bank can charge the process fees.

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IQ Option Withdrawals

When it comes to withdrawing funds from your IQ Option account the process used can differ based on the type of deposit. In the case of withdrawals with a credit or debit card, the original deposit balance will be deposited from the account. As this account is treated as a reimbursement, you can only withdraw your credit or debit card up to that number, even deposits made over the past 90 days. Any income that reaches this sum would need to be deducted from a bank transfer or your e-wallet of choosing.

The e-wallet withdrawal solutions are similar to those for deposits such as Skrill, WebMoney, and Neteller. Alternatively, certain gains may be deducted from a bank transfer. Bear in mind that a bank transfer option will come with a $31 charge. You will transfer the funds to the same e-wallet account in the case of deposits made with an e-wallet. Whatever your form of withdrawal, IQ Option will process your request within three working days. Credit cards and payment service providers can need extra processing time.

Bear in mind that you will validate your identity by sending verification documentation before you can withdraw funds from your IQ Choice identity. This includes uploading: a digital ID, such as a driver's license or passport. You will always submit a picture of both sides of any used card in the case of a transaction made with a bank account. Cover the card number from the CVV number and from the middle digits.

Trading with IQ Option

Trading on IQ Option is fairly intuitive and a really well-built trading platform. You can see the map of purchase and sale boxes on the right side in the middle. The ledger, along with any funds you currently sell, is listed at the end. The drop-down found at the top left of the map region may be used to pick which instrument to sell. 

The drop-down includes FX Options, Forex, Stocks, Bitcoin, Commodities, Indices and ETFs and you can then pick or check for the commodity you have selected. You sell right from the browser of the Online Trader. On the right of the charts, you can see opportunities for purchasing and selling your preferred commodity. You basically fill in the sum of the product that you want to purchase and send your request.

You can conveniently put an order through the mobile device, too, and the overall configuration is quite close. You'll see the same choices to the right of the table, with the opportunity to change funding, leverage, and interest, and then pick buy or sell. This segment of the trading site will show the spread as well for clarification. 

Users can also easily search for their favorite cryptocurrencies and analyze all the information that is most relevant and up to date. While selling Bitcoin and Ethereum, IQ Option also provides trading in at least 10 other cryptocurrencies. These include Dash, Classic, Ethereum, IOTA, Ripple, Litecoin, and Monero. 

IQ Option Awards

Through the years, IQ Option has accrued a lengthy list of awards, each pointing out one of the strengths of the application. The Digital & Creative Arts Academy has honored IQ Choice with the 2017 Award of Excellence, which is the Communicator Awards highest honor. The voting committee honored IQ Option as the best trading device in the Financial group.

In 2016, IQ Option received the Rising Star award from Mobile Star Awards, the world's biggest global rewards competition for financial apps and inventions, for "The Smart Trading App for binary options." IQ Option was praised by the company for its simplicity and performance. In 2016, the Internet Marketing Association awarded IQ Option for the company's smartphone platform with Best Software Solution. IQ Option also won the Century Foreign Quality Gold Age Award from the Business Initiative Directions Association as a recognition of the company's dedication to innovation and efficiency, especially within Customer Satisfaction.

Going back a little further to 2015, the Global Banking & Finance Review awarded IQ Option the title of Best Binary Options Broker Europe 2015. The broker also won the 2015 IFM Awards title of Most Innovative Binary Option Platform, as well as Best Mobile Trading Platform in the same awards. A respected company analyst in Britain, Global Brands Magazine has awarded IQ Option with the award of Fastest Rising Binary Choice Company. IQ Choice was named Best Trading Platform in the Forex Awards 2014. The MasterForex-V also named IQ Option in 2014 as the Leading Binary Options Broker in the World and the Most Reliable Binary Options Broker.

Conclusion

IQ Option is an amazing platform which provides a great deal of value to its users. The web incorporates a high degree of openness and accessibility so consumers will feel confident ensuring the website conforms to the current financial regulations. Trading on the web is usually a relatively seamless process and the website uses an elegant user interface that is simple to use. The software and trading framework is robust enough for experienced traders while still being sufficiently simple to enable new entrants to learn the trading method painlessly.

IQ Option is a company on the rise and has grown to managing almost 15 million accounts and processing 3 million trades per day. The site also enjoys a trading volume of $11 billion a month and pays out approximately $5.7 million to its users on a monthly basis. The platform may have its drawbacks, so customers needing intensive contact with a customer support representative may not be fulfilled with the two account rates. 

To remain in constant touch with a custom account manager trader are required to pay a $3000 charge that may be too costly for others. The platform is also proving common with traders around the world and despite IQ Option devoting time and resources to improving its customer support, there is the risk that users will have to wait more than 24 minutes to have their queries handled.

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