IQOption Review – A Leading Platform with Free Demo

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Contents

Full Review about Iqotion

  • Iqoption
  • Established in: 2020
  • Minimum deposit: 10USD/EUR
  • Maximun Return: 92% – 91% for correct prediction
  • Jurisdiction: Cyprus
  • Licenses: CySEC 247/14
  • Mobile Platform: Yes
  • App: Yes (Android and IOS)
  • Live Chat: Yes
  • Demo Account: Yes. Free. No deposit needed
  • Skrill, Neteller, Webmoney, Union Pay, Mastercard, Visa, bank transfers: La Caixa, Santander, BBVA, YandexMoney, LiqPay, Boleto bancario.
General Risk Warning:
The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.&nbsp

You still don’t know about IQ Option binary options broker? No? Well don’t worry because after reading this review you’ll know everything you need to know!
Binary operations have become the most sought after alternative investment to obtain high yields in the short term. Registering with the right broker can make all the difference. Therefore, we recommend IQ Option binary brokers.

Update: IQ Option is making a New Year’s promotional offer for traders—$201 600 is up for grabs!1000 traders will enjoy Christmas gifts for successful binary option trading. More than 10 thousand customers have already obtained access to the new IQ Option 4.0 platform, where they can compete to take up leading positions in the traders’ ranking.

Iqoption is the new official sponsor of AGI Racing team, participating in the Formula Racing championship in Australia 2020.
Read more about IqOption at their official website

About the Broker

First Impressions

Once you entered this broker’s homepage, you’ll be invited to analyze price trends and trade with possible of yields of up to 92%.

Likewise also available to us a video in which we can all benefit details and provide us with Option IQ operations. And we invite you to know its completely free interactive training, an online course in a total of 13 languages, where Spanish is included, with over 50 videos about online trading options.
Furthermore, this platform provides a free interactive training center with of over 50 videos in a total of 13 languages. These videos provide you details on the platform.

Web and Mobile Trading Platform

Registration Bonuses and Benefits

Types of Operations

  • Binary Options: With standard binary options all you need to do is forecast the price trend of an underlying option. That is to say, will the price of the asset be greater or less than the original price when the option expires.
  • Turbo Options: These options are essentially the same as standard options. However, you can invest much more in a shorter time because the maturities are quicker. The most common maturities are 5 mins or 60 and 120 seconds.
  • Mega Tournaments: Never miss the opportunity to win big in a mega tournament offered by IQ options every day and every month. Monthly tournaments can offer a price up to $5,000.

Selection of Underlying Assets

Commodities (1): Gold.

  • Forex (11) currency pairs ( EUR / USD, EUR / GBP, USD / CHF, EUR / JPY …)
  • Stock Indices (7): FTSE100, DAX, CAC 40 and Dow Jones, among others.
  • Securities (50): A selection of major international companies (Amazon, Orange, Deutsche Bank, Apple, Google, Coca-Cola …).

Free Training

  1. Trading Binary Options
  2. Market Analysis
  3. Binary Options Strategies
  4. PRO. Courses with advanced techniques for professional traders

7 Binary Options

One of the hardest things to do when it comes to trading binary options is to pick a site to trade them on. There are literally hundreds of choices out there depending on where you live. That is why we take our job of doing reviews so seriously because we know you don’t have the time to go through and look at all these sites to trade on yourself.

Today we will take a look at an innovative and progressive broker called IQ Option.

IQ Option first came onto the scene in 2020 and has gained a steady amount of investors since then. When we checked online we found the site gets very favorable reviews and is generally well thought of by those that have traded with them. The site definitely caught our attention when we discovered how much those that traded with them highly regarded this web broker.

Here is our review of what we feel is a very well done and worthy site to trade on.

We will walk you through everything from the signup to the site right on through to placing trades and customer support.

Binary options and digital options are prohibited in EEA

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Basic information:

Online since: 2020
Jurisdiction: Seychelles
Software: IQ Option
Max Returns: 92% *Amount will be credited to account in case of successful investment
Minimum Deposit: $10
Minimum Investment: $1
Maximum Price: $20000
Currencies: USD, EUR, GBP, RUB, TYL, BRL, MYR, IDR, VND, CNY
Mobile Application: Android, iOS

  • Proprietary trading platform
  • Good variety of options
  • Interface is very friendly
  • Smallest minimum investment we have ever seen
  • Stand-alone demo account
  • Interactive learning tools
  • Customers not accepted from: USA, Canada, Australia, Belgium, Israel, Palestine, Japan, Russia, Turkey, Syria, Sudan, North Korea and Iran.
  • Users from following countries can not trade from the iOS mobile application: Malta; Android application unavailable for: Malta, Myanmar, Liechtenstein, Cuba.

7 Binary Options Rating:

General Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions

Binary options and digital options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page

Using IQ Option on Mobile

Since its launch in 2020, IQ Option has been at the forefront of developing innovative technologies in the binary options trading industry. It was the first Russian broker in the sector, and the team behind it used their expertise to create new and effective features that make the platform easier to use.

In the world of binary options trading, that means giving traders features that help them more effectively analyze the market and place profitable trades (with risk of course).

One of the most popular of these technical innovations is IQ Option’s mobile app.

The IQ Option mobile app is one of the best mobile apps from any binary options broker. It is extremely user-friendly. This is, in fact, one of the app’s biggest selling points, as many of the other apps available in the industry are difficult to use.

In fact, with most apps, you have to be an experienced trader who has a deep understanding of the intricacies of the market and the technical jargon used. Not the IQ Option app though. It is powerful and also jargon free and easy to use.

The app simplifies the process of trading binary options, and many traders prefer using it over the desktop website.

It has a comprehensive range of features, so you can do everything you need to successfully trade binary options or forex. There are a few different indicators available in the mobile application. All the graphs are easy to read and have an incredible level of detail, particularly when you pinch the screen to zoom in. Placing a trade takes a couple of simple taps.

It has a modern interface, and everything loads fast. In terms of look and feel – as well as functionality – the IQ Option’s app is a lot like a sports betting app. If you have used one of those, you will quickly get the hang of the IQ Option app. Just like in sports betting, it is all about making an accurate forecast. There is risk involved too— you will lose your money when your predictions are wrong.

The app is secure, so your money and personal data are safe. It also offers good notifications, so you can get involved in tournaments and check price trends as they are happening.

Downloading the App

The IQ Option app is available in Apple’s App Store and the Google Play Store for those with Android devices.

Even if you haven’t used a mobile app for binary options trading before, it is good to have the facility. The reality is that most traders do use desktops when trading, but mobile is a growing market for the industry. This is the reason why forward-thinking operators like IQ Options are investing in their mobile offering, so they can give users a better level of service. This sort of innovation is why so many traders choose to use IQ Option to invest their money.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Binary and digital options are prohibited in EEA

Sign Up

The landing page for signing up to the site is very straightforward and easy to understand and that was echoed in the actual signup process to access the website.

We just had to fill out a simple form, verify our identity by providing some information to gain access to use the broker for placing binary options trades.

IQ Option was very similar to other web brokers we have signed up with and we found it a very simple process to get done.

Right off the bat we were amazed that all it took was a low minimum deposit of $10 USD or British Pounds to get started trading. That is just about the lowest deposit we have ever seen to enter into trading with a web broker.

We invested a little more than that because we wanted to see how well their worked but so far we were not turned off at all by the signup process and were looking forward to seeing what else they did right with their brokerage website.

Video on How to Trade on IQ Option

Your capital may be at risk. This material is not an investment advise

Types of accounts

IQ Option likes to keep it simple and treat everyone fairly no matter how much they invest so there are only two different account levels on the website Here is what each has to offer:

IQ Option Real Account

  • More than 500 assets
  • Full access to trading opportunities
  • Participation in trading competitions (subject to terms and conditions)
  • Fast withdrawals in just 1 working day
  • Real money trading
  • Start with a $10 deposit

IQ Option VIP account

  • More than 500 assets
  • Full access to trading opportunities
  • Participation in trading competitions
  • Faster withdrawals in just 24 hours
  • Real money trading
  • Personal manager
  • VIP access with deposit from $3,000

Screenshot

Account and Banking Options at IQ Option

IQ Option offers a number of different accounts that you can sign up for. Which one you chose depends on your objectives and the amount of money you want to allocate to binary options trading.

Most people start with the Real Account which has a very low minimum deposit of $10. Your account will give you access to over 500 assets that you can place trades on. All trading features are included with this account, so you can make substantial profits if you make the correct price predictions.

Another account offered by IQ Option is the VIP Account. It has a $3,000 minimum deposit, but it comes with additional benefits. This includes a personal account manager who will help you make the most of your account.

A number of options are available for depositing money into your account. These include:

  • Credit or Debit Card (Visa, Mastercard, Maestro)
  • Skrill
  • Neteller
  • Boleto
  • Qiwi
  • WebMoney
  • iDeal
  • Fasapay
  • Sofort

The low minimum deposit of $10 that IQ Option offers is flexible, but it doesn’t mean you should stick to this low amount. It is always best to base your trading pattern on what is happening in the market and your current financial position.

Everyone has to go through a learning curve, and that will mean some losses. It is much easier to deal with small losses than large ones when testing out a new trading platform.

IQ Option has won lots of awards (you can find rest of them on their website)

Withdrawing Funds from IQ Option

When you start trading at IQ Option, you will eventually want to withdraw some of those funds to spend or invest how you chose. Luckily the withdrawal process at IQ Option is simple and safe. To protect traders’ money, all withdrawal requests have to be approved by the IQ Option team. This means withdrawals don’t take place immediately, but there are no unnecessary delays.

You can withdraw money using a number of different methods:

  • Credit card – Visa Card and MasterCard
  • Maestro Card
  • Bank transfer
  • Skrill
  • WebMoney

Before you make your first withdrawal you will have to confirm your identity with IQ Option. This is to help protect the platform against fraud and to keep it compliant with money laundering legislation. Your personal account manager or a member of the customer support team can guide you through the process. To process a withdrawal, you have to specify the amount, payment method, and currency.

All account holders can expect their withdrawal requests to be processed in one working day. The minimum amount you can withdraw is $2, and the daily maximum is 1 million USD.

Is IQ Option Regulated?

IQ Option is one of the most popular binary options trading platforms in the world, but it is still important to investigate its trustworthiness. This is important to all traders because of the nature of the market. There are two things we have considered when looking at IQ Option – its own policies and its regulation status.

IQ Option hasn’t left it there though. In fact, from the policies that we have read, they offer levels of protection for their customers that are significantly higher than the requirements of the regulator. This includes policies for how traders’ money is dealt with as well as deposit, withdrawal, dispute, and privacy policies.

All of the policies are easy to understand and comply with and are designed to protect everyone involved. This includes actions to prevent money laundering and ensure traders are properly identified. When you are just starting out at IQ Option, the steps you have to go through can seem a bit onerous.

For example, you may have to provide documentation that proves your identity. When you understand that this is for your protection, you will appreciate why it is done. It also helps maintain the reputation of IQ Option.

Learning Tools

We have been telling you all along that IQ Option is among the most innovative websites that we have ever come across. How do we know this to be true? How about the fact that they were the first to offer their account holders a free demo account to practice and learn on; it was a tool that sent a ripple effect throughout the industry as many online binary options brokers and binary option robots followed suit and added them to their list of learning tools.

Their free demo account helps those that trade with them learn how to operate the trading platform and it also teaches them the finer points of binary options trading before they enter the actual trading platform and start risking real money. Demo accounts offer site users an introduction to binary options trading for sure.

The excellent and innovative learning tools do not stop with the free demo account either. IQ Option was also one of the first sites to offer interactive learning for their users too. It is just another way to get ahead in the binary options trading market; the website truly believes that a well-educated binary options trader has a better chance of being a successful binary options trader.

There are additional learning tools such as instructional videos and tutorials. So whether you consider yourself a seasoned binary options trading veteran or not, you will find something useful in their abundant learning section.

Trading Patterns

To be a successful binary options trader you must have a trading pattern. With IQ Option, you can develop a trading pattern and optimize it as you have access to a range of resources and educational tools. You can access most of the tools directly from your dashboard on the trading platform. The visual display is easy to understand. You can see trends, plus there is technical analysis information available as well.

The educational resources cover a vast range of topics. They are also free to use, which is always a benefit to new binary options traders. There are options designed for all kinds of tastes. The resources available include videos and tutorials. Some examples are below.

The Trading Patterns You Can Learn at IQ Option

(WARNING: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future)

Examples of the binary options trading strategies that IQ Option offers are outlined in brief below. This will help you decide where best to focus your time first. Before going into those strategies, it is important to understand some basic tools of investing:

  • Japanese candlesticks – If you have seen a chart that shows the price movement of an asset over time, you have probably seen a Japanese candlestick. They show the movement of the price over a given day. Once you learn how to read them, they are incredibly useful. You get both the opening price and the closing price. An asset that increases in price will have a green candle, and an asset that falls in price will have a red candle. You can therefore see at a glance how far an asset’s price has changed (the bigger the change the bigger the candlestick) and in what direction.
  • Trend lines – Trend lines are depicted visually by a line above the price of an asset on a chart and another line below the price. These two lines create what is known as a trending corridor. They represent the typical upper and lower values that the asset usually fluctuates between, i.e. when the price of the asset reaches the upper line, trends suggest that it will start to move down again. The bottom line is called the support line, and the upper line is known as the resistance level.

Simply understanding these analysis tools and getting practice using them might help a trader understand an asset price movement better.

Let’s now look at the main trading strategies you can learn at IQ Option.

    1. The Three Black Crows Trading Pattern

*Your capital may be at risk. This material is not investment advise.

This is a pattern that looks for trend reversals. To make it work you need to identify an asset that has several candlesticks in a row that are all showing a price movement in one direction – either up or down. Then you have to wait for this to reverse. You will know this is happening when you see three falling price candlesticks in a row. This is an indicator that the trend is reversing and gives you a signal that can be used to make a trade.

    1. The Rebound Line Trading Pattern

*Your capital may be at risk. This material is not investment advise.

In this trading pattern, the price trend of the asset is not relevant. Instead, you look at the trend lines mentioned above. What you should look for specifically is a closing price the is just below the resistance level (the upper line) or just above the support level (the lower line). In this situation, it is much more likely the price will move away from the line than go through it, breaking the trend. Therefore, you can use this as information to place a PUT trade if the price closes just before the resistance level and a CALL trade if the price closes just above the support level.

  1. The Rainbow Trading Pattern

*Your capital may be at risk. This material is not investment advise.

This is a more complicated trading pattern, so it is probably best to get familiar and comfortable with the other options on this list before attempting this one. It works by simultaneously using exponential averages. There are three of them, all with different periods. On the chart of your selected asset you have to mark in blue the first line you see with a period of six. Mark in yellow the second line that has a period of 14, and mark in red the third line that has a period of 26.

To identify a potential drop in price, look out for:

  • The yellow line moving below the blue line
  • The blue line on top of the other two
  • The red line at the bottom

The best time to place a binary options trade (a PUT trade) is when the blue and yellow lines intersect.

To identify a potential rise in price, look out for:

  • The red line on top followed by the yellow line and then the blue
  • The red line on top of the other two
  • The blue line at the bottom

The best time to place a binary options trade (a CALL trade) is when the blue and yellow lines intersect.

    1. The Piercing Line Candlestick Patter

*Your capital may be at risk. This material is not investment advise.

This trading pattern involves looking closely at the candlesticks on your chart. Again, it is about identifying trend reversals. To spot an upward trend that is about to reverse, look for two candlesticks where the second closes in the middle of the first one. The candlestick that immediately follows (the third candlestick in the row) should be ascending. If a fourth candlestick also shows a price increase, a trend reversal is probably imminent.

You can work this pattern the opposite direction to spot a downward trend that is about to reverse into an upward trend. These potential price reversals are good information that you can use to place binary options trades.

* Your capital may be at risk. This material is not investment advise.

The Pin Bar Trading Pattern is another example of a more complex and involved trading pattern to execute. Therefore, it is usually used by traders who have built up some experience using other strategies. It is an effective trading pattern so it is one you should explore when you feel comfortable.

The basic principle is to predict an asset’s upward or downward trend. You do this by analyzing the asset’s pin bar candlesticks – in particular, pin bar candlesticks with tails.

The specific type of pin bar candlestick that you should look for is one with a long tail and a small body. The direction of the tail indicates which way the price might move as it demonstrates which way the market is moving. This is a signal that you can use to place a binary options trade.

Not all pin bar candlesticks with tails are the same, and not all are suitable for this trading pattern. Here are some additional criteria that you should apply to ensure you get a pin bar candlestick that generates an accurate trading signal:

  • Its open and close price should be close to the end of the previous bar
  • This open and close price should be near the bottom or the top
  • The open and close price of the pin bar candlestick should be inside the left bars

The signal is regarded as strong when these conditions are met. Usually, strong signals are an indicator that you should place a trade.

You now need to know whether the price of the asset is going up or down so you can place a winning trade. If the tail of the pin bar candlestick points up, you can expect the price of the asset to go down in most situations. The reverse happens as well. If the tail of the pin bar candlestick points down you can expect the price of the asset to go up.

* Your capital may be at risk. This material is not investment advise.

In this pattern you develop indicators of moving averages. This is done using the technical analysis tools available in the IQ Option. It is an extremely popular trading pattern. In fact, it is one of the most commonly used strategies by traders of all levels of ability. They don’t always use it in the same way, i.e. traders of all levels of ability can successfully deploy simple and exponential moving averages. Weightage and smooth moving averages, however, are usually only attempted by experienced traders who are deploying complex strategies.

Of the four options – exponential, simple, smooth, and weightage – simple and exponential strategies are also the easiest to calculate. This makes it possible to create profitable strategies and place winning trades.

That said, exponential and simple moving averages are not exclusive to beginner traders. They are also used in complex strategies to increase profit margins and win ratios, with the objective being to maximize the benefit of the breaking line and rebound line in the corridor.

  1. The Alligator Pattern

The IQ Option platform makes this pattern quite simple to execute and use successfully. It is another one that is based on moving averages, but this time we are only interested in smooth moving averages. It is theoretically possible to make the trading pattern work with exponential and smooth moving averages as well, but the IQ Option platform is optimized only for smooth moving averages. The reason for this is that smooth moving averages are largely unaffected by insignificant fluctuations in the market. This gives better information and, potentially, makes it more likely to place winning trades.

The smooth moving average that you will monitor will show the different moves of the asset within a defined time period. The lines you see will show the price the asset is likely to reach within the time period. Shocks to the asset or wider financial markets can affect this, but when that doesn’t happen, the pattern is reasonably accurate.

The reason the trading pattern is called The Alligator Trading Pattern is that the candlesticks look like alligator teeth when it is time to place a trade. If the candlestick opens upwards, you should place a CALL trade. When the candlestick opens down, you should place a PUT trade.

If the candlesticks look any other way, you should not enter the market. This is because it is too difficult to predict which way the price is going to move, i.e. you won’t know whether to place a CALL or a PUT trade.

    1. The Breaking Line Trading Pattern

* Your capital may be at risk. This material is not investment advise.

This pattern is one of the simplest to understand and execute at IQ Options. It is based on the support lines and resistance lines of an asset, as explained above. These are the lines that indicate the upper and lower prices that an asset trades between. If those lines are broken, it is an indicator that something else is going on in the market aside from normal price fluctuations. It can, therefore, be a signal to place a binary options trade.

In simple terms, your trade should go with the direction of travel. This means placing a CALL trade if the candlestick closes above the resistance line and a PUT trade if the candlestick closes below the support line. This is because the price is likely to continue moving up if the asset breaches the resistance line, and it is likely to continue moving down if it goes through the support line.

This is a pattern that can be used regardless of how the price of the asset is trending overall.

    1. The Bollinger Bands Trading Pattern

*Your capital may be at risk. This material is not investment advise.

This is a commonly used investment pattern that looks at the volume of trade on a particular asset to generate a signal of which way the price is likely to move. In IQ Option, you use a chart that shows three lines – or bands. The middle band is the smooth moving average and will have around 20 candlesticks.

The bands widen and narrow depending on the volume of trade taking place on a particular asset. When trading is heavy, the bands widen; and when trading is light, the bands narrow. What you should look for is a rapid widening of the bands, as this can produce a signal that you may be able to use to place a trade.

As you can see, IQ Option offers trading strategies that vary in terms of type and sophistication. This is one of the reasons that it is such a popular binary options trading platform. It gives you all the tools you need to develop a trading pattern. You can use the many analytic tools available – all of which are free – to improve your trading patterns and how you interpret price movements.

Getting an IQ Option Demo Account

IQ Option does offer a demo account facility, so you can try the platform before risking any of your own money. Signing up is easy. You can even sign up using Facebook or Google. Once registered, your demo account will become active. It is free to use and includes $1,000 of virtual money that you can use to place virtual trades.

The money and trades are virtual, but they are exact replicas of the real cash trading platform. This means you can use your demo account to develop, test, and refine trading strategies as well as work out whether or not you like the IQ Option platform.

This makes the IQ Option demo account ideal for anyone interested of binary options trading as the demo account can be used without depositing any real funds. You can use a demo account to learn what binary options trading is about, get an understanding of the terms used, and learn more about the strategies that work.

Once you feel you are ready, you can convert your account to a real cash account by depositing money. This will allow you to trade using real funds.

IQ Option Awards

Since it first launched, IQ Option has received numerous awards in the binary options industry. The most recent was an award for being the most reliable broker on the market, while another award was given to IQ Option for having the most innovative trading platform. These awards are industry awards, so the judges include the most experienced and well-respected names in the industry. In addition, IQ Option beat off stiff competition to collect the awards.

Other names that were up for these awards included Finpari and 24option. They are all respected binary options brokers, but IQ Option beats them all.

US Traders and IQ Option

If you are from the US, you will not be able to use the IQ Option. This is unfortunate, as it is one of the best binary options brokers on the market. It is also a further blow to the US-based trader who doesn’t have as much trading platform choice as people from other parts of the world, particularly after SpotOption pulled out of the US market.

Binary options robot that still do accept US-based traders is FX-Advisor.

Assets

If you like to have a lot of options as far as different assets to trade on your binary options then you have come to the right place. IQ Option offers over 500 different options to trade on, many of which are popular stocks such as Wal-Mart, Google and Apple. They offer their users the ability to choose between stocks, indices, commodities and matched currency pairs to trade with. There is enough variety of assets that any level trader should be able to find ones they are comfortable trading with.

Trading Platform

IQ Option decided once again to be innovative and design a trading platform that they thought would really appeal to their many traders and be simple to use and understand. Well they did a great job at this. Their trading platform is among the best we have seen

It is laid out nicely and easily menu driven. It also has unique zoom and custom layout features which are quite unique to say the least. It is a platform that will appeal to many traders to say the least.

Placing Trades

The well-designed trading platform makes it very easy to execute trades on the website. The minimum investment is $1 and the maximum investment is $5000 dollars so it gives you and the other investors on the site a wide range of investment options you can use based on how confident you are in the trades you want to make and the amount of risk you want to go along with that.

All you need to do to place a trade is sign onto the website and go to the trading page. From there you select the type of option you want to trade, the asset you want to trade with the option and the amount you want to invest. All this can be quickly done with just a few simple mouse clicks; it is really that easy to place and execute a trade on IQ Option.

IQ Option’s Binary Options Tournaments

There has been a lot of mention about how innovative the IQ Option trading platform and offering is. One of the best examples of this are the binary options tournaments they run (the tournaments are subject to terms and conditions). This is a unique feature to IQ Options and brings an element of fun and competition to binary options trading.

There is a serious side to them too though.

There is an entry fee to take part in the tournament, and they normally last about 30 minutes, so you don’t have to allocate much time to get involved. Your entry fee gets you a virtual tournament balance of $10,000. You then have to get to work placing binary options trades. The participant with the highest virtual tournament balance at the end gets the top prize. Some of the prizes are variable, so they depend on the number of tournament participants there are, while other prizes are guaranteed.

The rules for each tournament can vary, but some give you the option of buying back in to the tournament if you lose your virtual tournament balance. This buy-in typically costs the same as the initial entry fee and usually brings your virtual tournament balance back to $10,000 so you can start trading again.

The tournaments are an exciting new twist on binary options trading. If you haven’t tried one yet, you should give it a go. In fact, we have seen prize funds worth 100 times the entry fee.

Trading Patterns for Tournaments

The tournaments at IQ Option are exciting and fun, but they are also a competition that is there to be won, and there is real money up for grabs. This presents an opportunity, particularly given the fact that many people involved in the tournaments do so without a clear pattern.

Here are some things you should remember:

  • Always go for the win – Most tournaments have a number of prizes, although the value of each depends on where you end up on the leader board. Therefore, it can be tempting to consolidate your position if you are in a lower place to ensure you get something. However, this type of trading pattern limits your potential and means you may never get the top prize. It is almost always significantly more valuable than the runners-up prizes, so you should always try to win – even when you are in second place.
  • Take your time initially – Don’t jump straight into trading when the tournament starts, as you will be doing it blind. You should first take a couple of minutes to learn how the other participants operate. For example, are they aggressive or cautious? Of course, don’t let anyone build out too much of a lead too quickly, but observing in the initial minutes instead of trading will give you information you can use later to win.
  • Adapt your trading pattern as the tournament progresses – By the tournament’s mid-point, you should have a good idea of the approach of the other participants. You will also know where you sit on the leader board. This is the time you should start adapting your trading pattern to maximize your position. For example, if the main competitors in the tournament are using a cautious trading pattern, you could try putting clear distance between you and them by being more aggressive. If you are already the leader, you can start to consolidate your position without taking unnecessary risks. If you are not the leader, you can work on strategies that keeps you as close to the leader as possible so you can make a final push for the win closer to the end.
  • Towards the end of the tournament, go for it if you are not winning – If you have not had a good tournament and are low down on the leader board towards the end, don’t lose hope. If you still have a tournament balance, you still have a chance. It is a time to throw caution to the wind and take a high risk / high reward approach. If you don’t, you are going to lose anyway, so you might as well go for the win.
  • Analyze and measure – Whether you win or lose, analyze your trading pattern when the tournament is over to identify areas for improvement. You can then use what you learn the next time you participate.

Return on Investment

What is the best thing no matter what binary options website you are using?

That is right, it’s all about making profitable trades.

When you do make a successful trade you can receive up to 92% profit.

Banking

It is as easy to make deposits on IQ Option because of all the different forms you can pay your deposit. They allow you to use such things as Credit or Debit Card (Visa, Mastercard, Maestro), Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort to quickly make a deposit and get you onto the website to start trading.

As was mentioned before the minimum deposit of $10 is extremely low compared to the rest of the binary options brokers, but often traders like to deposit much bigger amounts as well.

Making withdrawals is a very streamlined process also. They will generally be processed in 1-3 business days and they can be done in many of the same forms as was used to make your deposit.

Keep in mind that in order to make a withdrawal the first time you will need to send scanned copies of your government issued ID, a scanned copy of a utility bill and a scanned copy of your signed credit card (it is required to keep only the first 6 and the last 4 digits of the card’s number visible and hide the CVV code) if that is the withdrawal method you are using.

There are no fees or commissions for deposits or withdrawals made with bank cards or e-wallets. The only commission is for withdrawals via bank transfer, which is $53.

Customer Service

Customer support was very helpful and very good at resolving issues but we had some problems with the way the customer service was handled. There is a phone as well as a live chat option for customer service and we were pleasantly surprised by this. It meant there was no way to get an answer to a question or concern in what would be a timely manner.

There’s an assigned account manager for VIP traders that can help you with any issues or concerns you have while using the site but they are not available 24/7 so at those times you may end up waiting for a response. We feel that IQ Option is excellent here.

Is IQ Option a Scam

IQ Option Ltd. is based in Limassol, Cyprus, but has many satisfied customers all over the world, including in Europe, China, South America, and many other countries. In fact, it is one of the most respected binary options brokers available. It has not earned that reputation easily. It has done it through innovation and by offering a trading platform that gives traders everything they need to execute trades and learn more about developing trading strategies.

This sort of innovation and development of the platform requires investment and commitment. IQ Option has been rewarded for this investment and commitment, as it has received many awards. These awards validate their position in the market and are an indicator of the quality of the platform. The awards include the most innovative binary options trading platform in 2020 because of the tools it offers to traders.

Our investigations have discovered that IQ Option operates strict policies regarding payments, and they have robust rules around protecting personal data and ensuring your money is safe.

Trading Cryptocurrencies with the IQ Option Platform

Traders using the platform have the ability to trade cryptocurrencies. One out of 7 crypto currencies can be traded via CFD instruments. The current crypto currencies which can be traded via the platform include:

Our first impression of graph controls is that it does take some getting used to. Perhaps the confusing part of the program is the way in which the move and zoom controls work. We also thought that the analysis tools were very basic especially for someone who has a Forex background. Though the indicators are the stars of the platform and are something, we recommend that you regularly use in conjunction with other technical tools.

The good thing about the program is that the withdrawal and deposit features are part of the primary interface. If you look at the bottom of the interface, you will find a list of all the trades other users are entering into, and all of this information is in real time. The data will help traders gauge the direction of the market even if it does not contribute to aggregate overall trader sentiment like the way SpotOption does with its platform.

There is also a mobile version of the platform mainly for users who need to trade while on the go. We like the fact that the asset list is long, including currencies, indices, stocks, and assets, which amount to over 500 underlying assets. Most traders will find all of these assets more than enough when it comes to helping them develop a more diversified portfolio which can withstand market volatility.

IQ Option adds Three new cryptocurrencies for trading

The cryptocurrency world, unlike the fiat currency world, is continuously changing. Each day sees vast shifts in value, trends and overall market share. Plus, we continue to see the emergence of new cryptocurrencies. Having said that IQ Option has added three new cryptocurrencies to their trading platform. The currencies added are Qtum, Stellar, and NEO.

Trading NEO

NEO for those who don’t know happens to be the very first non-profit cryptocurrency that’s based on the blockchain. The currency originated in China. It allows for you to arrange payments via digital assets and by using smart contracts similar to Ethereum and other currencies.

However, NEO shares other similarities with Ethereum too like they are both cryptocurrency projects that use open source technologies which makes them perfect for ICOs, smart contracts, and Dapps. Since it is similar to Ethereum with perhaps one of the significant differences being its country of origin, it is often called .“Chinese Ethereum.”

Features:

• Tokens are: NEO and GAS
• Assets happen to be protected by the law
• Support for various programming languages
• Transactions cost slightly higher than Ethereum
• Quick and simple transactions

Stellar Trading

Stellar is an open source, distributed hybrid blockchain which was created with the goal of facilitating the easy movement of finances. This currency speeds up the process and makes it a lot cheaper. The main advantages of Stellar Trading are:

Features:

• It allows for cheap and fast transactions.
• It offers better security than Bitcoin and Ethereum.
• It has built-in ICO functionality which makes creating a token and adding participants to a whitelist an easy process.
• The network can be used freely for commercially.
• Funds can be frozen in the event of erroneous transactions after which they are sent back to the sender.

Qtum trading

Qtum is one of the rare cryptocurrencies which combines the security of Bitcoin’s blockchain with the ease of use and smart contracts abilities of Ethereum. The platform gives users nearly unlimited opportunities to run a trusted decentralized network of applications. New services can be introduced to reduce the gap which currently exists between the conventional business world and blockchain technology.

Features:

• The system makes it very easy to verify payments.
• It supports businesses with aspects of transfer of their traditional agreements via the use of smart contracts.
• Smart contracts can be initiated via wallets. The wallets can exist on any mobile device.
• Safe and clear processes.
• The cryptocurrency is compatible with all existing Bitcoin and Ethereum gateways.

Stop Loss (SL) and Take Profit (TP)

IQ Option added Stop Loss (SL) and Take Profit (TP) to the Forex trading and Cryptocurrency trading options.

We consider Stop Loss and Take Profit to be two of the most significant new features to trade management system. Both these features perform a similar function to the Technical Analysis tool, but with one difference, i.e., the SL is used before opening a position while the TP can use used handle everything that follows opening a trade.

The Take Profit is a feature which allows users to set a price or value at which the transaction will be completed automatically when reached.

The SL and TP are tools which can help to ensure that a certain trade price is reached. The Stop Loss is used to minimize losses and not intended for taking a profit. So, a trader can set the maximum loss they are willing to bear for a particular asset. When the price drops to that level, it will execute an automated sell. This ensures security for the trader and prevents extensive damage to their bankroll.

IQ Option’s CFD and Forex Trading

Now traders can use IQ Option to trade both CFDs and Forex as well as binary options. The ability to trade both CFDs and Forex is an exceptionally powerful feature and a popular one at that too for traders who want to leverage the global markets to pad their risks.

Most people may find IQ Option’s CFD trading to be a little tricky since it has stringent licensing regulations. But it is this regulation which has helped create a healthy industry because traders can trust it to protect them.

The Forex trading feature is like exchanging currencies, i.e., one with the other. While CFDs rely on the differences between the closing and strike price. These are the same elements in binary options trading, and so most traders will be familiar with them.

IQ Option’s forex broker uses the platform to help traders expand their existing portfolio in an entirely transparent and organized manner. It is a feature that many newbie forex traders will find exceptionally useful.

Trading Forex CFDs via the IQ Option Platform

If you go to the forex CFDs trading screen, you can set the strike price for assets you are interested in trading. The buttons on the right will show you both ’buy’ and ’sell.’ Right above the buttons, there is a box where you can enter in the amount you want to trade and the overall multiplier or the leverage. IQ Option allows traders to leverage maximum 1:300, though it is set at 1:50 by default.

You can be sure that trading Forex CFDs on the platform is very simple. Also, there is no way for you to have a negative balance which can often be caused by using leverage instruments. So, in other words, IQ Option uses negative balance protection for CFDs traders.

Noted Drawbacks

This is the type of site that traders from the USA and Japan would be thrilled to place trades on but unfortunately the citizens of those countries cannot trade on IQ Option; that is something that the site’s management may want to work on in the future.

Key Features

There is simply a whole lot to like about the IQ Option broker. Their very low minimum deposit offers entry in to the binary option marketplace for just about anyone. Knowing that the deposit funds are also stored separately from company’s funds means that it is a fair and reputable site that can be trusted.

We also liked very much their innovative and forward thinking learning tools. It is very unique that their highly helpful demo account acts as a stand-alone account instead of being part of the regular trading platform; this enables the tech team at IQ Option to put features into the demo that make it more closely resemble the actual trading on the real website. The interactive learning tools are also very helpful.

Conclusion/Summary

It is really easy to see why IQ Option became so popular so fast. We loved that they were courageous and innovative enough to build their own web platform for their many users to trade on. We also give high marks to any site that is confident enough in their business practices to allow regulation.

They back everything up with outstanding customer support and the high marks that get on reviews like this show their commitment to help those that trade with them be successful and leave them with a positive trading experience. Simply put, we give this binary option broker a big thumbs up and would recommend all traders to give them a try.

To indicate IQ Option won us over and impressed us a whole lot would be making a big understatement to say the least.

Open a Free Demo Account by Clicking the Green Button Below

General Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions

Binary options and digital options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page

Additional information

Customer Service: Email: [email protected] and 24/7 online chat + phone line
Support Languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Hindi
Trading Options: High / Low, 60 second and others
Assets: Currency Pairs, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 second, 2minutes, 5minutes, 15 minutes, 1 hour and End of Day
Deposits and Withdrawals: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort
Withdrawal Time: 1 working day
Demo account: Yes, free of charge, no time limit
Number of assets: 500+
Trading Platform: Web-browser, standalone app

IQ Option Articles:

Binary Option Trading Systems

References and Further Reading:

1. Automated trading system in an electronic trading exchange (John M. Marynowski, Catalin D. Voinescu, Stefan Puscasu, Thomas M. O’Donnell – 2007)

4. Electronic trading for principal/broker trading (Andrew C. Gilbert, Andrew Stergiopoulos, William P. Tselepis – 2020)

Beginner’s Guide to IQ Option: Complete Review

IQ Option is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Binary Options, Stocks, Forex and of course Cryptocurrencies.

Founded in 2020 and operated by IQ Option Ltd, the site has quickly became one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world.

IQ Option is also based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.

Risk Warning: Your capital might be at risk.

Take a look below as we walk you through the site and offer our full review of the service.

IQ Option at a Glance

Broker IQ Option
Regulation CySEC (Cyprus)
Minium Initial Deposit
$10
Demo Account
Yes
Asset Coverage CFDs, ETFs, Forex, Cryptocurrency, Stocks, Indices, Commodities
Leverage 30:1 Retail Traders, 1000:1 Professional Traders
Trading Platforms Proprietary Web, Mobile App

What it Offers

IQ Option is a comprehensive trading platform that provides its users with a wealth of alternatives, and after starting out as 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 on Stocks – IQ Option allows users to trade CFDs on stocks from over 176 different companies, including the most successful businesses listed on the NASDAQ and NYSE.
  • Cryptocurrencies – Users can also trade 12 of the top 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 market and IQ Option provides access to around 188 currency trading pairs. This allows users to trade their favourite foreign currencies with ease.
  • 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 gateway to over 10 million options.

IQ Option Demo Account

Like many competitors, IQ Option offers a demo account. However, IQ Option’s demo account stands out. This is because there is no limit on how long you can use the demo account. That allows you to get truly comfortable with your trading techniques. It also allows you to test new trading strategies in the future.

The IQ Option demo account includes $10,000 in virtual funds. If you use all of those virtual funds, you can easily have the amount replenished, allowing you to continue practicing your trading techniques.

Another standout element of the demo account is the fact that you do not need to provide personal information before using it. This is not always the case with competitors. The lack of personal information required for a demo account helps potential clients protect their privacy.

IQ Option Real Accounts

IQ Option requires a low minimum deposit and new traders can start off by just depositing $10 in order to gain access to a live account, there are currently two trading account options:

  • Real Account. This can be accessed with the $10 minimum investment and there are no restrictions on trading functionality. This account provides access to over 70 assets and users can request withdrawals that are processed within 24 hours. Real account holders can also take part in various trading competitions held on the platform ( customers outside of the EU ).
  • VIP Account. – This is available to Traders who:
  • Make a deposit of $1900 or an equivalent amount in other currencies, or Have a trading volume of $15000 “IQ Option Ltd. provides VIP status for traders from non-EEA countries”
  • In addition to the features found on the real account, the VIP account also includes a personal manager who is always ready to assist traders with any queries and issues. The VIP account also comes with a monthly report on user trading records, which is performed by the platform’s analysts and gives customers valuable feedback on their performance.

IQ Option Signup

The best way to get started is to sign up via Facebook, Google, or to simply create an account by using an email address. After inputting your details and creating a password you can proceed.

When this is done you can immediately use your practice account or top up your real account before moving on to live trading. A pop-up will notify you of the creation of both your practice account and real account.

IQ Option has developed its own proprietary platform and this makes navigating the site an enjoyable experience. The platform has been generally well designed with an intuitive approach and it’s quite easy to locate all the various tools and features. The free demo account also provides users with the possibility to trade with all of the underlying assets. As a result, there are a variety of options regarding types of trades and users can quickly switch between their preferred assets. The platform also offers a range of charting tools such as Bollinger bands and moving averages which all help enhance trading capabilities.

IQ Option Deposits

With IQ Option, there is a minimum deposit of 10 USD/GBP/EUR. You can select your preferred form of deposit, and IQ Option does not charge any fees for depositing funds.

To make your first deposit, you will need to go through the account verification process which in the EU involves adding your phone, personal information, adding your trading experience and uploading photo identification. Different countries will have different requirements and also will need verification to make withdrawals from the site.

IQ Option offers its customers a number of ways to make deposits and withdrawals to and from their trading accounts. Users can currently use debit services such as Maestro and Visa Electron, or credit cards like Visa and Master Card. Customers can also use a host of payments processors such as Skrill, WebMoney, Cash U, Neteller and Moneybookers.

There is also the option to process payments via Wire Transfer and the current minimum withdrawal amount is $2, while the estimated time to withdraw funds is 1 business day. Your bank may charge fees for this process.

As of the time of writing, IQ Option still does not allow for deposits via PayPal. However, the platform is working to make this an option.

IQ Option Withdrawals

When it comes time to withdraw funds from your IQ Option account, the method used will vary based on the deposit method. In the case of deposits via a credit or debit card, you must withdraw the initial deposit amount onto the card. Since this transaction gets processed as a refund, you can only withdraw up to this amount to your credit or debit card, including deposits made within the past 90 days. Any profit that is over this amount will need to be withdrawn via a bank transfer or your chosen e-wallet.

The e-wallet options for withdrawals are identical to those for deposits, including Skrill, WebMoney, and Neteller. Alternatively, you can withdraw those profits via a bank transfer. Keep in mind that opting for a bank transfer does come with a fee of $31. In the case of deposits made via an e-wallet, you must withdraw the funds to your same e-wallet account.

Regardless of your withdrawal method, IQ Option will process your request within three business days. Bank cards and payment providers may require additional processing time.

Keep in mind that before you can withdraw funds from your IQ Option account, you must verify your account by submitting identification documents. This involves uploading:

  • A photo ID, such as a driver’s license or passport
  • In the case of a deposit made via a bank card, you must also upload an image of both sides of every card used. Hide the CVV number and the middle digits of your card number. Keep the first six and final four digits visible. This is for your own security.

How to Trade on IQ Option

Trading on IQ Option is relatively intuitive and the trading platform is very well designed. You will see the chart is in the center with buy and sell boxes to the right hand side. Your balance is displayed at the top along with any assets you are currently trading.

You can use the drop down located at the top left of the chart area to choose which instrument to trade. The drop down contains FX Options, Forex, Stocks, Crypto, Commodities, Indices and ETFs and from that you can then select or search for your chosen asset.

You trade right from the Web Trader’s interface. To the right of the graph for your chosen asset, you will see options to buy and sell. You simply fill out the amount of the asset you wish to purchase and submit your order.

You can also place an order easily via the mobile application, and the overall setup is very similar. To the right of your chart, you will see the same options, with the ability to adjust investment, leverage, and price and then select buy or sell. For clarity, this section of the trading platform will also display the spread.

Users can also easily search for their favorite cryptocurrencies and analyze all of the most relevant and up to date information. In addition to offering Bitcoin and Ethereum, IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin, and Monero.

Risk Warning: Your capital might be at risk.

The interface also provides easy to find links to chats, trading history, and customer support, and in the event of any issues, users can quickly open up a dialogue with the support team. Another standout feature is the resources section that provides access to training and education materials. A number of short training videos are integrated into the site and traders can access these resources without having to leave their training accounts.

The demo version of trading platform is also the same as the live version, and traders can improve their skills by using the $10000 of virtual funds that come with the practice account. Even if things go badly, these funds can be replenished, giving traders a consistent pool of funds to practice with.

Order Types & Stop Loss Tools

As is expected of modern trading platforms, IQ Option gives traders a range of order types to reduce risk and customize the trading experience. The variety of order choices lets traders create strategies that are short-, medium-, or long-term and featuring a variable return. Multipliers let traders increase the risk level for an investment with a corresponding increase on the return.

Stop loss orders let traders set maximum losses that they will accept, automatically closing the trade if it is triggered. Take profits do the same thing but when the trade reaches the profit you specify. A trailing stop will lead to dynamic operation of an auto-close at loss, moving with the price in the direction the trader indicates. Purchase at preorders lets traders set a price at which enter the market.

To supplement the order types, IQ Option offers a range of tools for setting stops and take profits. While most brokers just let you select the asset price, IQ Option lets you set the take profit or stop loss at either a percentage, numerous loss, or specific asset price. There is also the choice to apply the dynamic stop loss or trailing stop and the ability to use the balance to keep a position open if it exceeds the stop loss.

Order Types

There are numerous order types available with IQ Option, with the specific types of order available varying by asset.

  • Multiplier orders allow you to increase the return on investment and your level of risk via a coefficient. This is a popular tool among advanced traders, but it should only be used by those with experience due to the increased risk. When used properly, it can dramatically increase potential profits.
  • Stop loss orders let you set maximum losses that you will accept. When this type of order gets triggered, it automatically closes the trade to minimize your losses.
  • Take profit orders are almost the opposite of a stop loss order. You indicate the amount of profit you want to reach, and the order automatically closes when it reaches this point.
  • Trailing stop orders build on the idea of a stop loss by dynamically using auto-close at stop. A trailing stop order will move with the changes in price in the direction that you indicate.
  • Finally, a purchase at or pre-order lets you choose the price at which you want to enter the market. When the market reaches this point, the trade will automatically be executed.

Charting Tools

To ensure traders can get the most from the IQ Option trading platform, the broker offers a long list of charting tools that can provide insights and help clients craft their trading strategies.

Candle charts are among the most popular for IQ Option traders. These candles indicate a period of time, with solid colors indicating volatility during the given period and points marked for the price at both the beginning and the end of the given period.

Hollow candles are similar. However, instead of always using solid colors, the positive candles are hollow and the negative candles are solid.

IQ Option also offers area charts that show the price in the form of a line, complete with shading for the area underneath. Line charts are similar, but the area underneath the line is not shaded.

Finally, bars, like candle charts, cover a period of time you specify. They indicate the prices at the beginning and end of the period but do so with vertical lines. There are complementary horizontal lines that display the prices at open and close.

Indicators

With the indicators on IQ Option, you can spot trends and better identify potential trades that will lead to profit. IQ Option offers 13 indicators that are available via the charting interface.

Many can be used independently or together to maximize your results and insights.

  • Moving Averages (MAs) include Simple Moving Averages, Weighted Moving Averages, Smooth Simple Moving Averages, and Exponential Moving Averages. These can help provide insights into current trends and can be used with other indicators.
  • The Moving Average Convergence Divergence (MACD) shows where moving averages converge and diverge, essentially visualizing the ratio between two Exponential Moving Averages (EMAs).
  • The Parabolic SAR has a similar purpose to moving averages. However, the position changes based on the price and it moves in conjunction with higher acceleration. It shows up in a group of small dots.
  • The Awesome Oscillator indicates a visualized ratio of two SMAs (Simple Moving Averages), with one fast and one slow. The indicator helps show new trends’ development and completion.
  • Bollinger Bands are trend indicators showing a dynamic range for price movement.
  • Volume Indicators show the quantities of your chosen asset that were bought and sold within a given period, indicating interest.
  • The Alligator Indicator helps you assess market movement in terms of direction and assists with filtering Side Bands (no-trend periods). Overall, this indicator helps traders find emerging trends, and it is cross-functional.
  • The Relative Strength Index (RSI) helps figure out a current trend’s strength, as well as potential reversal points. It compares asset price growth (absolute) with the total price reduction, showing it via a curve.
  • The Stoch or Stochastic Oscillator indicators show a price’s current position in comparison to the extremes from your selected period. This is shown as a percentage and helps you determine likely reversal points.
  • The Average True Range (ATR) displays a trading asset’s current volatility within your chosen period and determines the change rate of quotes.
  • The Average Directional Movement Index (ADX) shows a trend’s strength before the price movement begins. It can also indicate potential market volatility changes.
  • A fractal is a series that includes a minimum of five Japanese candlesticks, showing the local maxima and minima of price curves as well as market reversal points.
  • Finally, the Commodity Channel Index (CCI) measures the speed associated with price movements. It helps traders determine upcoming market reversals and can detect extrema or assess a trend’s strength.

Additional Features

IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience. These include:

Mobile Integration

IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility regarding mobile trading options. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform. The app also provides push notifications, and users can set key trading levels which result in alerts any time these levels are breached. The app works on tablets as well as smart phones and the platform is available to both Android and Apple iOS device holders.

Trading Competitions

If you are outside the EU, then Customers are provided with the chance to test their skills against other traders via a number of Binary Option tournaments. These frequent tournaments are usually around 30 minutes in length and require a small entry fee. After signing up, users are given $10k in virtual funds and at the end of the competition; the trader with the highest returns wins a prize.

The prize can be fixed or be related to the number of people who entered the tournament, and at best allows the winner to receive a payment of up to 100x the entry fee. If users deplete their virtual funds, they can buy in again and continue to take part in further tournaments. This provides users with an interactive way to test their trading capabilities as well as pick up new trading techniques.

As always, please note it is possible to lose your entry fees when taking part in competitions.

Education and Training Resources

IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders. These include various trading videos, as well as webinars and tutorials. Users also have access to a number of e-books and an FAQ section that covers the most common questions. These training materials provide valuable information to for traders of different abilities and experience.

IQ Option Affiliate Program

IQ Option offers an affiliate program for those who want to supplement their income by encouraging others to sign up to use the platform. When you become an affiliate, you simply share your affiliate link, whether this is on a website, blog, or somewhere else. From there, a user will click the ad or link. When they sign up, it will be associated with your unique ID.

Your rewards arrive when the users you encourage to sign up start trading on IQ Option. Based on the trading activity of the client, you can earn as much as 70 percent of the broker’s profit. This continues for life, allowing for passive income opportunities. The earnings are paid out two times every month, and you can choose your preferred payment method. To date, IQ Option has 115,410 affiliates in 178 countries. On the day of writing, IQ Option affiliates had already earned $35,015.50 just that day alone. You can view up-to-date figures on the countries, customers, affiliates, and amount earned by affiliates for the day on the IQ Option affiliate page.

The IQ Option affiliate program does not allow for a negative balance, as there are no deductions from your profit, only profits. There is also cross-platform support with options for mobile and web, multilanguage support, and universal links. The program even provides analytics, complete with reports that include data filters.

In addition to the regular affiliate program, IQ Option offers an IQ Option CPA program, which it advertises as among “the most lucrative” programs of its type within the industry. Qualified traders can receive payments between $35 and $1,200. As with the regular affiliate program, the CPA program receives payments twice each month and gets useful data. There is also a convenient calculator to determine approximate income from CPA program affiliates.

History of IQ Option in Numbers

As mentioned, IQ Option was founded in 2020. Since then, the broker has grown considerably and includes specific figures on its website to help show its growth. Starting with the number of active users, there were 8,110,000 registered users in 2020, which had nearly doubled to 14,680,000 by 2020 and reached 25,580,000 in 2020. This represents registered user growth of a whopping 17 million just between 2020 and 2020.

Not only did IQ Option have an expansive growth in active users, but the countries that these traders were from increased. In 2020, IQ Option had traders in 135 countries, growing to 148 countries in 2020, 150 in 2020, and 151 in 2020.

IQ Option also lists the figures related to trades throughout the years. Between 2020 and 2020, the number of daily transactions increased by nearly 70 times. Between 2020 and 2020, this figure grew another 2.5 times. For those interested in specifics, 2020 had an average of 646,000 transactions each day, which increased to 956,000 by 2020 and 1.8 million by 2020.

Or you can look at the figures representing growth in terms of trading volume per month. Between and 2020, this figure increased by about 23 times. In 2020, the figure was $16 million, which became $89 million, an increase of 5.5 times in just a year. By 2020, this was $184 million, more than doubling in just a year. Between 2020 and 2020, the monthly trade volume increased to a whopping $380 million. This means that for two consecutive years, IQ Option doubled its monthly trading volume.

That trading volume does not all stay inside the platform. Instead, there is also an increase in the amount that traders withdraw from the platform each year, showing that the active users are truly earning money. In 2020, traders withdrew $1.5 million per month, which became $5.8 million in 2020 and $10.8 million in 2020. In other words, 2020 saw 1.8 times more money withdrawn by traders from IQ Option compared to the previous year.

It is also worth noting that these withdrawals have increased in speed. In 2020, IQ Option made changes to offer instant withdrawals. This allowed for 68 percent of withdrawal requests to be processed immediately. Now, the average time for processing a withdrawal from IQ Option is just one day. The order processing has similarly improved, now averaging just a second.

IQ Option also offers indications of how its customer support has improved over the years. When chat support began in 2020, there was an average wait of 7 minutes for a reply in chat, which decreased to 4 minutes in 2020, 46 seconds in 2020, and 38 seconds in 2020. On a similar note, the amount of time it took to answer a ticket decreased from two hours in 2020 to 24 minutes in 2020 to just 16 minutes in 2020. Some of this is also due to the growth of the support team, which only had 25 members in 2020 but grew to 39 members in 2020 and 78 in 2020.

The number of affiliates has also grown from 3,000 in 2020 to 84,000 in 2020. This included 21,000 affiliates in 2020 and 48,000 in 2020. Along with the growth of affiliates, those affiliates have consistently earned more every year. Affiliates earned $200,000 monthly in 2020, $810,000 in 2020, $2.3 million in 2020, and an impressive $4.6 million in 2020.

IQ Option Awards

Over the years, IQ Option has accumulated an extensive list of awards, each of which shows off one of the platform’s strengths. The Academy of Interactive & Visual Arts honored IQ Option with the 2020 Award of Excellence, which is the highest honor from the Communicator Awards. IQ Option was recognized by the voting committee as the top trading app in the Financial category.

In 2020, IQ Option earned the Rising Star award for “The intelligent trading app for binary options” from the Mobile Star Awards, the largest annual awards program worldwide for mobile software and innovations. The organization praised IQ Option for its design and efficiency.

The Web Marketing Association honored IQ Option with the Best Technology Application in 2020 for the company’s mobile application.

IQ Option also earned the Century International Quality Gold ERA Award from the Business Initiative Directions Group as recognition for the company’s commitment to Excellence and Quality, especially within Customer Satisfaction.

Going back a bit further to 2020, IQ Option earned the title of Best Binary Options Broker Europe 2020 from the Global Banking & Finance Review. The broker also earned the title of Most Innovative Binary Option Platform from the IFM Awards in 2020, as well as the Best Mobile Trading Platform in the same awards.

Global Brands Magazine, which is a reputable brand observer in Britain, honored IQ Option with the title of Fastest Growing Binary Option Brand. In the Forex Awards 2020, IQ Option was named the Best Trading Platform. Also in 2020, the MasterForex-V awarded IQ Option as the World’s Leading Binary Options Broker and the Most Reliable Binary Options Broker.

The FX Report Awards named IQ Option the Best Binary Options Broker in 2020. In 2020, the same year IQ Option was founded, the company earned the title of Most Innovative Binary Option Broker from Moscow’s ShowFx World conference. At the IAIR Awards, IQ Option earned multiple awards, including the Best Binary Options Broker and the Best Binary Options Broker/Trading Application.

IQ Option Jurisdictions, Languages, and Countries

IQ Option has clients from 151 different countries. The platform and website are currently available in 13 languages, allowing traders from around the world to trade in a language they are comfortable with. For further international appeal, IQ Option lets traders select from one of the following currencies for funding: GBP, EUR, USD, Yuan, MYR, IDR, and RUB.

IQ Option is owned and operated by a company within the European Union. As such, IQ Option has a license from CySec, the Cyprus Securities and Exchange Commission. To receive that license, IQ Option met, and must continue to meet, minimum requirements related to marketing restrictions, client funds, and trading products. The registration in Cyprus as a financial services provider has number 247/14, giving IQ Option the ability to take on European clients, who then receive full CySec protections.

Due to CySec regulations, all client funds must be stored in segregated accounts that IQ Option cannot access for its own brokerage business. CySec regulators also offer a level of deposit insurance, which protects a certain level of all investments made with IQ Option if something happens to the broker.

IQ Option USA

Unfortunately, IQ Option is not available to traders in the United States. The broker is available in 178 countries around the world, but the United States has stricter restrictions and regulations, meaning American traders cannot use the broker. Other countries that you cannot use IQ Option in include Canada, Russia, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan.

IQ Option Customer Support

IQ Option allows users to contact the support team via email, contact form and a chat function. The site claims to respond to all queries within 46 seconds and aims to resolve all tickets within 24 minutes. There are currently around 83 customer service specialists on the team and traders who require a more personalized service can upgrade to the VIP account which comes with a personal account manager.

IQ Option retains an international focus and aims to cater to traders from around the world. The platform offers the possibility to trade in a variety of different currencies such as USD, GBP, EUR, Yuan, RUB, TRY, IDR and MYR. In addition to this the site also provides support in languages such as English, French, Italian, Spanish, Portuguese, Chinese, Korean, Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian.

However, due to a variety of different regulations, the site does not provide its services to citizen or residents of the United States of America, Australia, Canada, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea or Russian Federation.

IQ Option also adheres to the required standards of identification and users should note that when they register for a trading account they must provide their personal data and verify their email address and telephone contact number. Potential users who are unable to do this will be unable to complete their account registration.

  • Also after funding your account, you will be asked to provide further personal information in order to complete your account verification. IQ Option will expect to receive copies of identification documents such as:
    Passport or National ID Card issued by a Government Authority
  • Proof of Address in the form of a Utility Bill or Bank Statement is required from EU residents.

IQ Option Customer Reviews

Most online reviews from customers of IQ Option are positive, but there is the occasional negative review, as should be expected. Some complaints relate to the fact that IQ Option requires KYC procedures to verify your identity before you withdraw funds. However, these procedures are normal for any broker dealing with fiat currency, and even many cryptocurrency exchanges require KYC procedures.

Some users also indicate that withdrawing funds can be challenging at times with the occasional issue related to having an account blocked. However, this does seem straightforward to resolve and may come down to KYC issues; the reviews are not clear on the cause.

Those reviews that indicate complaints against IQ Option are regularly interspersed with positive reviews. It also seems that many of the negative reviews posted online are not actually from customers. Instead, they are from people who claim to have had issues as a way to promote another service. When you look at online reviews from people who claim to be customers of IQ Option, remember to take them with a grain of salt since many are clearly from competitors or people with ulterior motives.

When read with a critical eye, the overall trend of seemingly valid reviews of IQ Option from customers seems to be neutral to positive.

Is IQ Option a Scam ?

While carrying out this review and researching other people’s opinions online, we found a number of complaints from people calling the site a scam. Some reasons mentioned are that they disabled a person’s account which didn’t allow them to withdraw their balance and a lot of disgruntled people who seem to have lost money trading on the platform.

But we also found overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.

In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high quality website and trading software.

Is IQ Option Safe?

In addition to practices such as maintaining segregated accounts for client funds, IQ Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting IQ Option supply added protection of both client funds and information.

Conclusion

IQ Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.

Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.
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 site does have its drawbacks, and users who require extensive interaction with a customer service agent may be unfulfilled by the two account levels. In order to be in consistent communication with a personalized account manager traders are expected to pay a $3000 fee which may be too restrictive for some. The site is also proving to be popular with traders around the world and despite IQ Option devoting time and energy to developing its customer service, there is the possibility that users may have to wait for more than 24 minutes in order to have their queries processed.

Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users. The platform caters to stock, Forex, and cryptocurrency traders and individuals who sign up can be sure to interact with an intuitive platform that provides access to a wealth of resources, and trading options.

Risk Warning: As always with trading, you should know the risks before hand – these are volatile markets where it is completely possible to lose large sums of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.

Best Binary Options Brokers 2020:
  • Binarium
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  • Binomo
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