IQ Option review

Profile

Official Website	https://iqoption.com/
Founded Year	2013
Product Offered	CFD, Digital and Binary Option Contract
Minimum Deposit	$10/ ₱500
Minimum Withdrawal	$2/ ₱100
Minimum Trade	$1/ ₱50
Leverage	Yes. Leverage may change depending on market conditions

IQ Option is a leading online broker, loved by a very large number of traders around the world. Today it has more than 48 million registered users worldwide. Since 2013, the platform has achieved high results and can objectively be called reliable.

If you want to trade and earn with various financial instruments, then IQ Option is your choice. Next, we invite you to get acquainted with the IQ Option review, which will collect the most basic information about the broker, and for a more detailed study of various points, a link to a free demo account will be given.

Awards 

IQ Option has won numerous awards for its excellent online trading application, variety of trading tools, and impressive trade execution.

Among the many awards they have received, the most prestigious are the 2017 Excellence Award and Best Technology Application.

Regulation 

There are no local laws in the Philippines that restrict a broker from providing services over the Internet. At the same time, the broker is allowed to provide its services through the iqoption.com website. The company has been on the market since 2013, and all legal information, including the privacy policy, can be found in the company's Terms and Conditions.

Markets 

IQ Option offers derivatives trading. CFD trading and binary options trading will be available to you after free registration!

CFD contracts are one of the types of trading that provides for earnings on the difference in prices of financial assets. Trading CFDs are currently the object of increased interest among forex brokers. At the same time, unlike forex trading, CFD allows you to trade all financial products in the world.

Benefits of CFDs.

• On the same platform IQ Option, there can be stocks, raw materials and other assets at once. This opens up good opportunities for building a diversified portfolio.
• You can use leverage in trading.
• Availability. The size of the deposit does not play a strong role. You can start trading with a deposit that is much lower than you need to work with securities.
• There are no commissions because there is no need to purchase a physical (underlying) asset and related liabilities.
• You can potentially hedge risks. If the market moves in the wrong direction, you can always open a position in the opposite direction.

Assets 

The list of proposed assets is really wide. Here you will find a list of more than 300 trading instruments. The platform allows you to simultaneously open up to 9 windows with different assets, which in no way interfere with the analysis of the chart.

Binary Options 

The main essence of a binary option is that you need to make a choice in favor of one of the two conditions of the contract: the price of the asset will be higher or lower at the time of closing the transaction.

If you make the right decision, you earn a certain percentage (around 70-80%). If you make the wrong decision, you lose the investment amount. The binary options broker IQ Option offers a fairly high percentage of profits up to 92% per contract.

When trading binary options, you can immediately see how much you will earn and how much you can lose. What's more, you don't even need to know how many pips the price will move before you make your profit. The thing is that you get your profit even if during the transaction the price moved only 0.001 points in your direction!

Try this type of trade for free on a demo account! Fill out the registration form below and open a trade without a deposit.

Digital Options 

A digital option is a form of option that allows traders to manually set an exercise price. A digital option provides traders with a fixed payout if the market price of the underlying asset exceeds the strike price. The ability to manually set the strike price allows you to control the risks associated with trading and the potential rewards.

A digital option combines the characteristics of a binary option and a touch option. The size of the probable profit can be changed by adjusting the strike price.

Trading risk can be minimized if traders set the execution price close to the current market price. They can also increase their risk by setting an exercise price away from the current market price in the hope of making higher profits.

Commodities 

Crude oil and other energy prices depend on a myriad of factors, including demand, supply and general confidence in the future of the global economy. The main advantages of trading Commodity CFDs are easy access to popular commodity assets and low margin requirements.

On the platform, you can buy a contract for gold and Brent and WTI oil. The leverage can be up to 1:50.

ETFs 

ETF (exchange-traded fund) is an exchange-traded fund in which securities are collected based on an index, sector, commodity or other asset. The broker allows you to invest in CFDs on 23 different ETFs. Leverage up to 1:20.

Stocks 

Shares of global companies have long become a classic tool. Here for you are 188 different stocks from global companies with a multi-billion dollar capitalization and new companies.

Forex 

You will be able to trade the most liquid currency pairs EUR USD, EUR JPY, AUD CAD, GBP USD and others. To be precise, 31 forex pairs are presented in the list of available assets. The leverage is up to 1:500.

Cryptocurrencies 

CFDs on cryptocurrencies allow you to earn on any market movements and are suitable for both speculation and hedging. Regardless of the movement of the price of an asset, whether it goes up or down, you can earn money without owning, buying or selling the cryptocurrency itself.

If you expect the price to rise, you open a buy position. If you are right, make a profit. If not, the difference in price, taking into account the size of the open position, will become a loss. If you expect the price to drop, then open a sell position.

Multiplier 

A multiplier is a trading instrument based on the use of borrowed capital. Using a cryptocurrency multiplier, a trader can control a position that exceeds the amount of funds at his disposal. Cryptocurrency trading with a multiplier is an opportunity that many investors have been waiting for. Together with such a multiplier, contracts for difference (CFDs) provide an opportunity to trade on the most imperceptible price movements.

Indices 

On a classic exchange, transactions for buying and selling "indices" are opened using futures. Index CFDs are derivatives derivatives, i.e. when trading such instruments, the role of underlying assets is played not by the indices themselves, but by futures. It follows that the specification of any CFD will have much in common with the parameters of the derivatives market, namely:

• CFD is denominated not in dollars, but in points;
• The cost of one tick and the size of the step of such products often corresponds to those of the futures market instruments.

However, CFDs have specific features. In particular, the advantages of CFDs on indices include the possibility of opening fractional lots, which allow you to start working with a small amount of capital.

How to start trading 

To start trading, you need to open an account, make a deposit, select an asset and open a deal. But the great news is that every client has the opportunity to start trading right now without making a deposit. In this case, only registration is required and a demo account for trial trading will be opened for you absolutely free of charge. Follow the instructions below.

Registration in the Philippines 

To register and get started with the platform:

• Open the registration form

• Fill in your email address (it will serve as login) and password
• Read the terms and conditions of the company and check the box
• Click on the green "Try Now" button
• Ready! Now you are almost part of the IQ Option trading community. Trade with IQ Option

To start test trading on a demo account, it is enough to register. To make real transactions, after registration, you need to make a deposit of $10 or more. 

Account types 

So, you have opened an account on the trading platform. Congratulations! Now you will see a window that notifies you that 2 trading accounts are available for you. Real and demo. Whichever account you choose now, both accounts will still be available to you and you can switch between them at any time. To do this, click on the account balance in the upper right corner of the platform and change the account.

Demo 

Demo accounts are accounts with a virtual deposit provided by a brokerage company to clients for trading. In the case of an IQ Option broker, this is $10,000. All operations on a demo account are carried out only with virtual funds, while the quotes and the trading process itself are identical to the real market. Practice on a demo account is an option to practice and work out a trading strategy, indicator or a new approach to trading. Use it without a time limit!

If the demo account balance goes to zero, just click on the refresh button and the amount will become $10,000 again. Having such an account is very convenient!

Standard 

When you are ready for real trading, you need to deposit the amount into your account. The minimum deposit is $10 or ₱500. The standard account interface does not differ from the demo, so you will feel comfortable and confident. It should be noted that the minimum amount of one transaction is from $1. This is really not much and will help you invest money with minimal risk.

VIP 

A VIP account can be opened for clients who have extensive experience in trading. IQ Option offers the following benefits:

• Increase the profitability of transactions by several percentage points.
• Personal account manager is always in touch with you
• Unique learning materials and books
• Free participation in some tournaments
• Withdrawal requests are processed in priority up to 1 business day.

To qualify for VIP account verification:

• Have a minimum deposit of $1,800 within 60 days.
• Have a minimum trading volume of $8,000 within 60 days.

Account verification 

Account verification exists in almost every forex broker. Identity verification is required to withdraw funds from IQ Option. Please take care of this in advance, as address verification and other data may take several days. To start the verification process, go to your personal account on the site and select the appropriate menu. Then enter the required data and wait for the completion notification.

Trading platform 

It's time to get familiar with the platform and learn about its features. Here you will not find an abundance of distracting windows, buttons, functions or incomprehensible terms. Almost every tool has a little question mark next to it. If you hover over it, you will get brief information about a particular button, indicator, etc.

Everything here is extremely simple and the user friendly interface will appeal to both beginners and experienced investors. Why is this platform so attractive that it will greatly facilitate the trading life of a trader? Consider the IQ Option trading platform in more detail.

First of all, it is worth noting that you can trade on any device. The developers have made sure that the user with any device can download the application for free, which will provide faster trading.

PC

The application for Windows and MacOS is available for download on the website or in the application store. This is the most functional application according to users. Indeed, it is more convenient to track the price chart and conduct a full-fledged technical analysis on the big screen.

Mobile 

The mobile trading application has the same functionality as the full version, while the functions are adapted for a small screen. By the way, you can also register on the platform in the mobile application. Download it for Android and iOS on the website or in the app store.

Web 

To start trading in the Web application, simply register an account and click “Trade now”. The system will automatically transfer you to the trading web platform. You won't have to download anything. However, some features will not be available to you. For example, some technical indicators. The speed of the web platform is also slightly slower than in the PC application. Therefore, we still recommend downloading the free application. It weighs only 22MB and will provide efficient trading.

Features 

Any software has features and every broker wants to make their platform the best. To do this, IQ Option provided not only the execution of transactions, but also much more.

Tools 

• Now, right on the IQ Option trading platform, you can conduct a full-fledged technical analysis of the price movement of the underlying asset. For example, it is convenient to draw trend lines and channels, support and resistance levels.
• There are 4 chart types here: Linear, Bar, Japanese candles, Heiken-Ashi. Each chart can be customized - choose color, line thickness and timeframes (for candlestick charts).
• Indicators. There are many here. More than 80 different indicators for your analysis - moving averages, Bollinger bands, Alligator, Relative Strength Index (RSI) and others.

You can also set up notifications about changes in the price of an asset. Use analysis and alerts to profitably open a deal.

Training 

Basic knowledge about trading various instruments can be obtained right in your application. Go to the Video Tutorials section and learn the basics of trading. 50 videos for you!

News 

Without leaving the platform, you can follow the news that will help the trader correctly predict the further movement of the asset price. The economic calendar is also updated for you. This is a great tool for fundamental analysis.

Orders 

By observing the price of an asset, you can open a position. In this case, you use an order at the current market price, or in other words, a market order. But sometimes it happens that you want to open a position at a certain price. In this case, you open a pending order on the right panel of the work screen. You can also limit your risks with a Stop-Loss order and Take Profit.

Risk management 

Always remember the risk warning. Any trade has a high level of risk. Therefore, use a hedging strategy and follow the rules of risk management.

• Do not deposit all your capital into the account. For this, the minimum deposit is only $10.
• Analyze the asset. To do this, the platform has many analytical tools.
• Do not open a trade for an amount exceeding 5% of your trading capital. For this, the transaction amount is only $1.
• Use limit orders.

Deposit 

To deposit money into your account, use any payment method of your choice. Fortunately, the broker offers many deposit options. Here is the guide for making a deposit:

• Register. You can use the form below.
• In your personal account, select the "Deposit funds" menu or click on the "Deposit" button in the upper right corner of the platform.
• Select the desired payment solution.
• Enter any amount from $10.
• Fll in the required fields and wait for receipt. Money usually arrives instantly.

The IQ Option platform offers dozens of deposit and withdrawal methods. Use whichever is convenient for you! Please note that you can only change the currency of your account once - on your first deposit.

Withdrawal 

The algorithm for withdrawing money from an account is similar to replenishment. Only in your personal account you need to select the "Withdrawal funds" menu. Next, select a payment method and enter the required data. For example, the number of an electronic wallet or credit cards, depending on the chosen payment method

It is worth considering a few points:

• Minimum withdrawal amount $2.
• Withdrawal method must match the replenishment method.
• You have one free withdrawal per month.
• Withdrawal may take 1-3 business days. Because each Withdrawal request is processed manually, data verification takes place (for example, bank card verification).

Fees 

Every trader should be aware of the possible fees and commissions of a broker. Detailed information about each commission is described in the terms and conditions.

• Swap fees from 0.01% to 0.5% of the nominal value of the position for transferring the position to the next day.
• Spread is the difference between the selling price and the buying price. The spread depends on many factors, for example, if the underlying is trading at 1.2030, the bid could be 1.2031 and the ask could be 1.2029, the spread in this example is 2 pips.
• Account closure. The company may charge a $20 account closing fee if the client is found to be a minor.
• Clients can withdraw money once a month for free, then the Commission will be 2%.
• Inactivity fee. If there are no transactions on the account for 90 or more days and there is real money on the account, then a fee of 10 euros may be charged.
• Currency conversion. 1% transaction fees (such as deposits and withdrawals) when converting from or to your trading account currency and payment processing currency.

Tournaments 

Ensuring transactions is the main function of the trading platform. We made sure that in addition to this, the broker offers a variety of functions that make trading more interesting, more efficient and more comfortable. Another feature of the broker is tournaments.

The tournament is a competition between traders, in which everyone can take part. The deposit amount is usually a few dollars, but you can win several thousand!

Affiliate Program

IQ Option provides traders with an affiliate program for clients who want to further increase their income; the program allows you to make a profit by inviting others to trade on the platform. If you choose to join the affiliate program, you just need to share your affiliate link on the blog/website/chat etc. When another trader registers with IQ Option using your link, they will be associated with your unique ID.

You will receive a reward as soon as users who have registered using your link start trading on the IQ Option platform. Your profit depends on the trading activity of the client. Since 2013, over 152,000 affiliates from all over the globe have joined this program. Register and conquer new heights!

Customer Support 

Customer service is available 24/7 365 days a year. In our experience, the fastest way to get an answer to a question is to write to the live chat on the platform or website. Also check out the extensive FAQ section. If you didn't find the answer. The support team will definitely answer you!

Contacts 

You can also contact the company in different ways:

• Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines
• E-mail:support@iqoption.com
• Phone: +13468009001 (line in English)

Pros and Cons 

So we learned what is IQ Option and our review of IQ Option comes to an end and let's summarize.

Advantages:

• Very easy to learn trading platform.
• Having a demo account (virtual $10,000)
• Possibility to replenish the account with local currency
• Minimum entry deposit $10
• Minimum bet $1
• Ability to use graphical tools on the price chart
• High percentage of payouts for successful transactions - 80-90%
• Mobile trading
• Price Change Notifications for Traders
• Good training for traders
• Fast support
• Tournaments for traders with prizes
• Constant work on improving the site
• A good affiliate program: you don't have to have your own website
• Large selection of trading assets

Flaws:

• Verification process takes several days
• Only one type of binary options (High/Low)
• Withdrawals may take up to 3 business days

Alternatives 

Today, trading platforms are a very popular place for traders to work. Brokers provide clients with everything they need for successful transactions and it is very difficult to choose a reliable broker. We have selected platforms for you that you can trust: Exnova, Pocket Option, Expert Option, Binomo, Olymp Trade, Quotex, Capital Bear.

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