Are you looking for a comprehensive IQ Option review? You have come to the right place. Without doubt the most important decision when getting started with binary trading is choosing a suitable, high quality service provider like IQ Option broker. It’s no secret that the binary signals market is absolutely swamped with both scams and low quality products, and for the inexperienced trader selecting an appropriate site can be a real headache. The good news is that there are some genuinely very high quality services out there. One of these is IQ Option broker – a very popular and well-regarded service which shall be the focus of this in-depth and totally impartial IQ Option review. So is IQ Option scam? well, lets find out.
IQ Option Review – Legit or Scam Broker?
IQ Option Review broker is a real success story of the binary trading industry. Since being founded back in 2013, in just four years it has successfully undertaken a huge expansion. For example in 2014 IQ Option account opening was available in just 18 countries, by 2016 that number stood at 178. In 2014 around 200 000 deals were made per day using the IQ Option review platform – by 2016 it was over 3 million. Last but not least the number of trading accounts rose from 950,000 in 2014 to 11 million in just two years.
These statistics are further backed by the rapid expansion of the IQ Options affiliate program also, rising from 4675 in 2014 to a staggering 43210 by 2016. During this expansion profits have multiplied by around five times.
So it’s fair to say that overall this company has absolutely exploded onto the binary trading scene, and these figures certainly serve to also highlight how popular this form of investment has become in recent years. It’s worth noting right away that IQ Option binary broker has also won a number of industry awards. These include the prestigious IFM awards for Best Mobile Trading Platform and Most Innovative Trading Platform (both 2015) as well as many others.
IQ Option Broker Basic Info – Reviewed !
|Regulation||CySEC, FMRRC; In register of FCA, REGAFI and Consob|
|Withdrawal||Upto 3 days|
|Withdrawal Methods||Credit Card, Wire Transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller and Boleto|
|Assets||Currency pairs, Stocks, Indices and Commodities|
|Countries||Accept all countries except USA, Canada, Australia, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran.|
|Mobile Application||iOS and Android|
|Trading Platform||Web-browser and standalone app|
Unique Features Of IQ Options Broker Reviewed !
1 – Industry Leading High Payouts
Without doubt one of the most impressive stand-out features of the entire IQ Option review platform has to be their very high payouts. These are typically 5-15% higher than the industry average which may not sound a huge amount to a newcomer, but over a hundred trades the difference in potential earnings can be staggering. Option prices range from $1-$5000.
Don’t forget that these extra earnings can be compounded and reinvested into the next trade, essentially making a snowball of gradual wealth accumulation. It’s a fantastic feature and without question one of the key reasons for the success that IQ Option review broker has experienced over such a short timescale.
2- Very Small Minimum deposit/Investment
IQ Option Company has been created to be as welcoming as possible to novice and/or curious traders, and as such offers perhaps the lowest minimum investment requirements perhaps anywhere on the market. Traders can be signed up and trading for a mere $10 minimum deposit, and make investments for as little as $1 a time. For this, and as we’ll see a number of other reasons, IQ Option review account is a superb choice for newbies. Let me also add you can simply avoid IQ Option scam rumors. There is no way this giant binary options broker being a fraud company.
3- A Superb Interface
Our authentic IQ Option review finds that it has the industry’s best interface. Any self-respecting trader will understand the importance of having not just a huge amount of statistics at hand, but also appreciate how well their service provider is able to present them. One of the stand out features of IQ Option platform is that it presents such data through an absolutely beautiful interface. Their latest software – IQ Option 4.0 – is based upon WebGL technology that presents data in a quasi-3D format. It really has to be seen to be understood properly (check out the free trial below) but as far as presenting data it must be said that the IQ Option software is extremely impressive.
4- Intelligent Emscripten Displays
Another great feature and an innovative solution to a longstanding problem is the use of Emscripten technology. This allows up to nine charts to be displayed on the same page – meaning there’s no need to constantly be flicking and switching between numerous tabs. In an IQ option real account the individual screens can be set to various sizes as required, and to put it simply this is pretty much on par with professional standard trading technology.
5- All The Data You’ll Ever Need
The IQ Option review system comes complete with two years of historic data covering all of the available trading options. these can be viewed over various timescales and zoomed in for a precise analysis of market movement, or zoomed out to assess longer term trends. Conveniently it’s also possible to buy straight from the analysis section, meaning that trades can be made in mere seconds.
Candlestick data analysis is available from just a few seconds up to a month. Investments are tracked in precise detail and include a projected profit estimate on the same screen page. For more advanced traders the IQ Options broker also includes highly technical data analysis such as Parabolic Sar, MACD, Awesome Oscillator, and Stochastic Oscillator. Learning how to use these techniques can really help with strategic trading – check out the main IQ Option website for of plenty comprehensive tutorials.
6- Comprehensive Technical Indicators
Currently Fibonacci Lines have been enjoying something of a surge of popularity in the world of binary trading. The good news for enthusiasts of this system is that the IQ Option 4.0 interface provides total compatibility for this style of trading. The same can be said for the much more straightforward, but many argue just as useful, Bar Lines analytic system. Bar lines are quicker to assess as they show not just the opening and closing price but also the maximum price over the course of a days trading.
7- Over 100 Assets In 4 Categories
Despite the industry leading data analysis tools available through the IQ Option review software package, at heart the practicalities of trading are very simple. The focus is firmly upon high/low and turbo seconds trading. For the unfamiliar turbo trading is when dealing in a very short time frame, usually between 30-300 seconds. None of the brokers we reviewed has this advantage.
The four assets available for trading via IQ Option Broker are Currencies, Commodities, Stocks and Indices with a total choice of just over a hundred options available. While this may not be an overwhelming number, the important thing is that all of the key exchanges/markets that a newcomer would expect to be available are there. Our IQ Option review finds that very advanced traders may feel that the range of assets available to trade is a little limited, but for the vast majority of casual traders there should be more than enough to work with.
IQ Option Platform
The IQ Option 4.0 software is exclusive to members of this service. The software can be used either as a standalone program or via a mobile app. The IQ Option app is available for both IOS and Android devices.
It’s worth taking the time to mention that the IQ Option App is an award-winning piece of software and widely regarded as among the very best platforms for mobile trading. It has been designed to include all of the tools and data available via the main format, but presented in such a way as to make setting up and conducting trades extremely straightforward. As would be expected it has been configured to be very easy to use, and skillfully avoids the clutter and over complication that unfortunately limits many trading apps. Best mobile trading platform in many countries and would you still believe IQ Option scam rumors?!
IQ Option Tournaments – Best IQ Promotions from Broker !
IQ Option broker has a lively tournament scene with there usually being at least four or five events running concurrently. Sometimes these may last for just a couple of days, in other cases they can continue for several weeks. Entry fees vary depending upon the competition, but usually these range from between $5-$20 as standard (the longer events are usually more expensive to enter as they typically have the greatest prize fund).
Entry fees are deducted from the client’s account balance and once accepted into the event the player is given a virtual trading kitty – $100 is the usual amount. Their task is then to make as much money (or ‘bank’ as it’s often referred to) over the given time. Should a player go bust, some tournaments allow players to buy back in. Prize allocations vary between events, some are winner takes all and others have a tiered prize allocation depending upon the player’s final placement. You can only participate in these once you open a IQ Option real account.
The numbers of participants pays testimony to how popular the IQ Option website and service is. At time of writing some live tournaments were featuring well over 2000 participants with prize funds well over $20k. For competitive traders who also like to make trading their hobby, the tournaments offered by IQ Option broker are very impressive indeed.
IQ Option Broker’s Account Types Reviewed !
Our IQ Option Review found another reason to really like this binary broker. It’s that they like to keep their account structure nice and simple! Account status is either ‘Real’ (basic) or ‘VIP’ and status depends upon the amount of funds deposited into a trading account. In order to be eligible for VIP status the deposit amount has to be $3000 (or equivalent currency) or higher, whereby the upgrade is applied automatically.
For all trading purposes there’s not a huge practical difference between the two tiers. Both Real and VIP accounts are eligible for:
* Full access to all available assets & trading opportunities.
* Eligible to enter all tournaments.
* Demo & real money trading.
* Access to all tutorials and data packages.
Those who invest enough to earn VIP status have the following additional benefits:
IQ Option Demo Account
One of the most praised aspects of the IQ Option review platform is the superb quality of their free demo account. There’s absolutely no catch with this demo software. Unlike many other services which require a hefty deposit in order to even try out their software, IQ Option binary options broker treat their demo software more akin to an online game. All that the prospective trader needs to do is register an account (email, Google or Facebook) to gain full and unlimited access to the app; and then start trading with a fantasy budget. There’s no need or obligation to deposit or trade a single penny.
Obviously this IQ Option demo account is a much more sensible approach than expecting people to deposit up to $250 just for the privilege of testing out a trading program. There’s none of the hassle of then having to withdraw the funds and waiting sometimes days for them to return to your account – instead with the IQ Option trial it’s laid out right before you and ready to go in moments.
Without wishing to get distracted from the key points of this IQ Option review, it is worth taking a quick moment just to emphasize how important their demo policy is. Not only is it a fantastic free introduction to binary trading that’s absolutely perfect for new traders, but it also carries the whole ethos of what IQ Options are all about. They’re all for introducing people into trading without overwhelming amounts of jargon and with little expectation of prior knowledge. Quite simply they realize quite fairly that the best way for people to learn is to do so ‘hands on’ – and given they’ve nearly 15 million members it clearly seems to be working out rather well.
Deposits and Withdrawals Options & Period of an IQ Option Account
Most deposits should be processed near instantaneously depending upon which method is used to complete the transaction. IQ Option aim to process all withdrawals within one business day – but this is only guaranteed for clients who have met the VIP status deposit requirements. At most withdrawals will take three business days to process. There are no restrictions on amounts to be withdrawn, although the maximum deposit amount over 24 hours is capped at $1m.
Approved Methods of Withdrawing Funds from an IQ Option Trading Account
- Credit Card (Visa/MasterCard)
- Maestro Card
- Bank Transfer
- Cash U
It’s worth noting that IQ Option broker is fastidious when it comes to banking security and privacy. As would be expected all transactions are protected by SSL encryption, but also that there’s only two ways of withdrawing funds. These are either to the very same credit card that was used to make the deposit, or a bank account in exactly the same name as the account holder. It’s unlikely this will complicate things for many users but is worth bearing in mind. This policy is in place to prevent unauthorized withdrawals should a client’s account be somehow compromised. Another reason to simply avoid IQ Option scam rumors.
In order to change or add withdrawal methods the customer will be asked to provide scanned documents proving not just their identity, but also residence and copies of existing account/card numbers. Once more what sounds like it could be a headache is in fact impressive and intelligent security measures.
IQ Option Website Beginner Support & Customer Service Reviewed !
It should be pretty clear by now that IQ Option focus very much upon trying to make binary trading as accessible as possible. Therefore it’s no surprise to discover that once registered all members gain access to a great resource of guides, how-to’s and video presentations explaining the tactics and intricacies necessary for successful trading.
There’s also a very well maintained blog section which provides up to date financial news. Remember that the IQ Options review VIP tier membership receive considerably more in the way of support and hands on advice – but it’s unlikely too many new investors will lay down $3000 to make immediate use of these features.
The real advantage for beginners using the broker service has to be the IQ Option demo account software though. It is truly one of the standout features that makes this such an excellent overall choice for total newbies to learn the ropes.
General Customer Service
As would be expected from such a globe spanning company the customer service options are extensive. IQ Option has offices in eleven nations at time of writing and is currently able to offer support in the following languages:
English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic & Indonesian.
Each of the geographic offices can be contacted by telephone (calls charged at regional rates) or alternatively there is email, live chat and Skype support too. Each office also has a postal address listed. And from my previous experiences and investigations for this in-depth IQ Option review, I would rate their customer service with an A+.
Pricing & Minimum Deposit Requirements
Make no mistake IQ Option is without question one of the very best value binary service providers out there. It’s an absolutely fantastic choice for traders just starting out thanks to the very low initial deposit requirements. Regardless of initial deposit and subsequent account status, there are no charges levied at any stage for membership to IQ Option.
In order to start trading and get an IQ Option review real account, the minimum initial deposit is just $10. This is staggeringly good value when the vast majority of rival trading services expect $250+ as minimum start-up capital.
IQ Option’s Regulations
It’s always reassuring to see that a binary trading service is comprehensively regulated. This is absolutely the case with IQ Option which is licensed by CySEC (License no. 247/14). This gives citizens of the EU complete cover. It is also specifically regulated by:
- UK: Financial Conduct Authority (FCA) – Reference number: 670182.
- Italy: Commissione Nazionale per le Società e la Borsa (CONSOB) – Registration No. 0008204/15.
- Spain: National Securities Market Commission – Registration No. 3867.
- Germany: The Federal Financial Supervisory Authority – Registration No. 141907.
- France: The Financial Agents Register (Regafi) – Registration No. 75119.
- Netherlands: The Netherlands Authority for the Financial Markets – Reg. upon request.
- Estonia: The Financial Supervision Authority – Reg. upon request.
- Czech Republic: The Czech National Bank – Reg. upon request.
As would be expected from such a popular global service IQ Option binary options system is one of the most water-tight regulated services going. Do note that due to local laws the IQ Option software is not available for use in Russia, USA, Canada, Australia, Japan, Turkey, Israel, Iran, Syria and Sudan. There are also certain local restrictions with using the mobile app – users from Malta cannot trade on the IOS app, and users from Malta, Myanmar, Lichtenstein, Cuba cannot trade on the Android app.
Is IQ Option Broker a Scam?
There’s absolutely no way that IQ Option could be considered a scam – if anything it’s the polar opposite. We’ve seen so far throughout this review that they are very tightly regulated, extremely popular with their membership, happy to serve clients with very small bankrolls and very keen to show how good their software is via a comprehensive free demo. IQ Option is certainly NOT a scam! Just avoid IQ Option scam rumors.
IQ Option Bonuses
The fastest growing binary options broker also giveaway bonuses when you make deposits. Since the minimum deposit is $10 and the minimum trade size is cut down to a single dollar. Usually, IQ Option bonus is applied to deposits amounting to $100 or more and the very lowest bonus you can get here is 20%. As the deposits grow, so does the bonus amount you receive, and your total funds available for trading increase.
IQ Option FAQs
Q) Are there any commissions charged for withdrawal of funds?
A) Not directly by IQ Broker, but banks and credit card companies may levy their own fees.
Q) Do IQ Option offer OTC (over the counter) trading during weekends?
A) Yes they do provide this service – very few if any other binary broker permits this.
Q) Do I need to provide documentation in order to withdraw funds?
A) This depends upon the withdrawal method and is assessed on a case by case basis.
→ Some Recent IQ Option Testimonials ←
Conclusion – IQ Option Broker is Trusted and Recommend, Its No Scam.
It’s difficult – no impossible – not to be very impressed indeed by the IQ Option binary broker service. It has literally everything which a casual trader would be looking for to compete at a professional standard. But by no means is this a ‘Jack of all trades’ package – in certain ways the IQ option review program genuinely leads the way. For value it’s pretty much unbeatable, same too for accessibility, ease of joining and offering a world-class unlimited free demo. Perhaps the number of options may be slightly limited for more advanced traders – but by my estimation what IQ Option have to offer will be more than enough to satisfy 95% of users.
IQ Options is without question one of – and quite possibly – the best binary options broker out there. I advise everyone give it a try! Hope this well-informed IQ Option review was helpful.