IQ Options Review Is This Broker Legit? UPDATED

We found that IQ Option is best for their customer service, mobile trading app, binary options, and CFD trading. They offer a wide range of investment options, with competitive fees. As one of the leading online trading platforms, IQ Option makes it possible for Forex traders, stocks iq forex broker review traders, commodity traders and cryptocurrency traders to ply their trade during market hours. A wealth of popular Forex options is available including major pairs, minor pairs and exotic currency pairs. The latest trading craze – cryptocurrency is available in 12 options.

As our team has discovered, creating a live trading account is a pretty simple and quick process. First off, you need to press the Sign Up button at the top-right corner of the page, which will take you to a page where you enter your full name, email address, and password. Then you verify the account from your mailbox, which will indicate that a demo account is already yours. In this review, we took a close look at every little detail that you need to know about IQ Option.

• And having a fully-functioning customer support team can take a website from moderately good to superb.
• Next, the applicant must agree to IQ Option terms and conditions and click on the Get Started for Free button.
• The general support email is [email protected], and current contact information can be found on the company’s website.
• In this respect, they seem very invested in the cryptocurrency vertical right now.
• Clients will be subject to a fixed 2% (two per cent) withdrawal fee upon the clients’ second (2nd) withdrawal per calendar month.
• A benefit for clients of being regulated by CySEC is the fact that is also a member of the Investors Compensation Scheme.

In addition to the features focused on the actual opening/closing of positions, the IQ Option platform offers an overview of one’s open positions, as well as a Trading History section. There’s a Chat and Blogs section featured too, which is where the social side of the brokerage comes into play. The trading platform features an attractive interface, and it is available in web-based as well as downloadable formats. Unfortunately, the downloadable version of the software is in essence a replica of the web-based trading platform, with the same features and shortcomings.

IQ Option FX brokerage’s trading details

IQ Option offers the traders a variety of order types and stop-loss tools to help minimize losses and maximize profits on Binary Option trades. With VIP accounts, more experienced traders can up their game by depositing no less than $1,900 on the account. This account type also comes with a personal assistant that provides help at any time should an issue arise.

• That is, this company not only provides tools for trading, but also some auxiliary resources.Thanks to this attitude to clients we appreciate this company.
• The IQ Option real account requirements are slightly different in comparison to the accounts of other brokers.
• 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.
• The minimum deposit required to open an IQ Option Account is $10 USD.
• IQ Option is the first broker that combined options trading and classic Forex trading on one platform.

Additionally, there are other risk management strategies like stop orders that also enhance your profitability and fund safety. With negative balance protection, IQ Option makes sure that whenever you reach 0 on your account, a trade will automatically close. As this IQ Option broker review reveals, you can be sure that the broker will never benefit from your misfortunes.

IQ Option Reviews

The balance can be restored to $1000 as often as required, and the practice account is useable long term, there are no time restrictions. The last, fourth, fee which you can encounter is the withdrawal fee. Clients will be subject to a fixed 2% (two per cent) withdrawal fee upon the clients’ second (2nd) withdrawal per calendar month. Consequently, clients can benefit from 1 commission-free withdrawal per calendar month. If you use other payment service providers such as Neteller, Skrill or Webmoney, then no withdrawal fee is charged to your account.

In 2014 that figure was $500,000, by 2015 it swelled to $1,500,000, and by 2016, it amounted to $5,700,000. In terms of processing times for withdrawal requests, IQ Option has improved dramatically from 4 business days in 2014, to 3 business days in 2015, and just 1 business day by 2016. Other amazing statistics include customer support team response times via live chat which was 7 minutes in 2014 and just 46 seconds in 2016. Tickets took 5 hours to process in 2014, 2 hours in 2015, and just 24 minutes in 2016. Clearly there have been dramatic growth, improvement, and efficiency gains for the company. This not only lets them understand how the platform work but they also get to experience various customization options and different reports.

Users will have access to over 300 assets for trade and full access to their risk-free demo account. Customer support is available 24/7 via e-mail, while the support section also allows for the submission of questions. Phone numbers in seventeen countries, most of which are toll-free, provides the most convenient access to multi-lingual customer support. The FAQ section attempts to answer most questions and also points to live support for clients after they have logged into the trading platform.

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This amplified the price movements by 100 times, creating huge opportunities and risks for traders. The brand often adds a new feature to the platform to offers traders more flexibility. This allows a trader to hold a trade open if it is approaching a stop loss. It gives the trader more scope to allow trades to recover before being closed. It must be used with discipline but offers traders new risk management or trading strategy options.

Iq Option Broker Review

With IQ Option since the broker offers CFDs that allow traders to open and close their market positions at any time, it is a suitable broker for day trading. In addition, the broker is well regulated and this helps to ensure that your money will be handled professionally and ethically. Managed and owned by IQ Options Europe Ltd, IQ Option is a financial services provider that is based in Cyprus. Designated as a Cypriot Investment Firm (CIF), the trading platform comes under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC).

Now, some people might suggest that Cyprus isn’t the country that can hold companies accountable for their actions because it’s a small island with a dormant political crisis. There is a very high degree of risk involved in trading securities. The verification procedure takes 3 business days as the IQ Option support needs to check all submitted documents individually. Now, you might have noticed that there is no such thing as leverage in the picture above, that is because the broker calls it a multiplier, but it is exactly the same tool. Once you set to your indicators the setting you want to frequently use, you can create a template.

My trading is based on chart analysis and here is everything I need for that. At first glance, I thought that this company is underappreciated and it lacks recognition.But after doing a quick research, I detected that it’s praised and blessed by traders. The broker, IQ Options is a great place for new traders.Usually, trading is considered a complex thing. But the broker understands that people find it difficult to, not only find reliable learning materials, but also keep learning.

Today, it has been recognized as one of the leading brokers in the industry as well. One step IQ Option has taken to improve product choice for EU traders to introduce “FX Options”. Covered in more detail below, these offer traders the same fixed risk that binary options would have – but will have larger potential upside, all based on the movement of the underlying. These options may prove a good alternative to many European traders looking to use a similar binary product, but with a regulated firm.