IQ OPTION REVIEW

IQ Option is a online trading brokerage enabling customers to trade a range of instruments and underlying assets. Operated by IQ Option Ltd the broker offers it services to traders across the world. One of the most interesting things about IQoption is their very low minimum deposit. Traders can start with only $10 and get access to a proper live account. In case they want to test the IQoption proprietary platform, they can also use the demo account with replenishable virtual funds. 

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IQ Option Trading Platform

Unlike so many other brokers in the industry, IQ Option uses its own software they keep updating regularly. While they did start as a binary options broker, meanwhile they have added a CFDs/Forex and Classic Options trading. This makes them one of the most versatile brokers for online trading. Basically, whatever instrument or whichever underlying asset – they have it.

Minimum trade price is $1 and maximum option price is $5000. If the trader wants to place multiple trades with multiple instruments, its not a problem with IQ options’ platform. All they need to do is select the asset in the upper left corner and the instrument below.

Currently available instruments are:

  • binary options
  • Forex CFDs
  • Crypto currencyies CFDs
  • Classic options

With quality of their services and up to date customer support, it shouldn’t come as a surprise why this broker is popular among traders worldwide. Traders in South Africa have possibility to have an accout in different currencies, including EUR, USD, GBP, RUB, AUD, CAD, NZD and Yuan. IQ Option platform is highly developed and all traders should be able easily navigate over the site and trading room. Platform is multilingual and available on English, Italian, German, Russian, Spanish, Turkish, Portuguese, Chinese, French, Swedish, Korean, Arabic and Indonesian. With IQ Option, traders can place trade contracts and options based on numerous stocks, currencies, commodities and indices. There are more than 500 underlying assets to be exact.

IQ Option Forex and CFD Trading Finally Available!

IQ option has decided to offer Forex and CFDs trading in addition to their large offering of binary options. This is great news for all traders who wanted to expand their trading portfolio with the most popular financial instruments on the global market. Both IQoption Forex trading and IQoption CFD trading are types of trading that are offered by brokers who have to abide by strict licensing rules. This is something that traders will appreciate as it implies a high level of trader protection.  As we already mentioned above, all that is required to place Forex trade is to select the instrument and the amount on the right side. Traders also have to select the multiplier – the leverage, which can go up to 1:300 with IQoption. After that, all that is left is to select BUY or SELL contract and off you go! The open trades will be shown on the left side.

IQ platform

IQoption Cryptocurrencies

IQoption has always been innovative broker, and the latest addition to their portfolio proves that they tend to continue in the same direction.IQoption is now introducing cryptocurrencies that are already a big hit in financial markets and represent one of the most important technological and monetary innovations in our century.

Thanks to the latest addition, IQoption made cryptocurrencies accessible to traders all over the world. They are letting you participate in the revolution that will change financial markets forever. IQoption proprietary platform is offering several options that allow traders to buy and sell cryptocurrencies.

At the moment, IQoption is offering trading with top 7 cryptocurrencies for traders who wish to trade them immediately. The 7 cryptocurrencies that can be traded as CFD’s are: Bitcoin, Litecoin, Dash, Ethereum, IOTA, Ripple and Bitcoin Cash. The trading is pretty straightforward, but make sure to research cryptocurrencies before deciding to use it as an trading asset.

IQ Option Demo Account

During our IQ Option review, we found out how IQ Option offers traders in South Africa and worldwide possibility to use demo account. IQ Option is free of charge. Demo version of trading platform is same as the live version, and it is excellent for skill improvement in trading process . Demo enables traders to exercise to be better in the trading world and to become more experienced without risking their own money. They get $10000 virtual funds they can use for trading as if it was with the real money. If they spend it, they can “refill” it again! IQ Option offers traders free demo account and possibility to trade with all of the underlying assets.

IQ Option also has a mobile application, but it also has a mobile web trading solution, so however you try to approach their website from the mobile phone – it will work. This is a great way to continue trading Forex or Binary Options wherever you may be, if you have 3G reception, or better.It works on smartphones and tablets also. Traders can use IQ Option trading platform on Android and Apple devices, thanks to their compatibility.

While reviewing IQ Option, we saw their Education section and were surprised how much data is available for all traders. Both new traders and professional ones can use a variety of trading strategies to be more successful and also can check FAQ for any detail regarding trading process. Traders can also use the Video TUtorial section directly from the IQ trading platform.

IQ Option Trading Accounts

Besides demo account, IQ Option offers traders two account types: Real Account and VIP Account. More through info you can get below in IQ Option review.

Real Account

To start binary options trading process, traders have to deposit minimum amount of $10 and get a full access to all trading instruments and services. Available number of assets is 500.

Traders have option to participate in different trading competitions and access numerous trading tools. Regarding withdrawals, it takes up to 24 hours,

VIP Account

Minimum deposit is $3000 and traders in return get a variety of useful trading instruments and features, such as full access to all information and opportunity to trade with more than 500 assets. Withdrawal process is quicker than in Real account and it is available in 1 business day. IQ Option traders get monthly trading analysis and are able to participate in trading competitions.

IQ Option Customer Support

Customer support with IQ Option is available on several different ways, through email on support@iqoption.com, telephone and web form.

in IQ Option review, we found out how customer support is available 24/7. They do not offer live chat communication channel, that majority of traders are used to. Because of its own software, everything is little bit different. For example, if traders who use demo account, want to contact this broker, they have to upgrade to the Real account first.

Is IQ Option a Scam?

Many traders are wondering if IQ Option is a scam. Till today, we received no complaints regarding this broker so it is possible to say how IQ Option is not a scam. IQ Option is a regulated broker with a modern proprietary platform and reputation that is not stained with rumors about them doing any sort of unethical practices. Binary trading with IQ Option is taking place on a platform that is up to date with latest trading technologies.

IQ Option scam is non-existent and traders can trade in peace. This broker also offers a free demo account that is great for practicing and getting familiar with binary trading in general. You don’t have to make a deposit as you can open a demo account without an investment. This straightforward approach is great as you see what you are getting into before trading with real money. No scam would allow you to do that.

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