IQOption in Brief
IQOption is today one of the leading broker for crypto trading. Its platform is simple and perfectly suited to beginners (min $10 deposit only). Its customer support is highly responsive and withdrawals are fast (which is not the case with all brokers). If you are looking for a reliable and financially solid broker, IQOption is the right broker for you.
Among the various forex and crypto brokers, IQ Option is now the reference. Its offer is complete, its trading platform unique and efficient and its low minimum deposit ($10) allows you to start on the platform quickly. Appeared in 2013, IQ Option now allows you to trade several dozen cryptomonnaies including Bitcoin, Dash, Ripple and many others. That’s why IQ Option is one of the best brokers of the moment at the beginning of 2022! He owes it mainly to the possibility of making a first minimum deposit of $10 with a minimum bet of $1. Never seen before in the brokerage world, in general we are more often on a $500 deposit on eToro (Review) or $100 on Markets.com. This is how it has managed to establish itself throughout Europe, but not only in Europe, but also in South Korea and China.
This broker is essentially distinguished by its very good CFD yield, i.e..:
- An extremely low broker’s commission (Spread) and profitable for the user compared to competitors who are very greedy about it.
- A margin of your choice
- a protection system against the problem of negative balance – IQ Option wants you to feel good
And it is all the more remarkable since the arrival of cryptomonnaise and Bitcoin on the IQ Option platform, probably the biggest market trading of the moment!
- 1 IQ option: how does it work? The tools used by the platform
- 2 Win OTN tokens
- 3 IQOption: What is the demo account, normal or VIP account worth?
- 4 The French leader in crypto trading?
- 5 Regulation and Safety at Option IQ
- 6 Advantages and disadvantages of the platform
- 7 Customer reviews?
- 8 The Android application and iOS IQoption?
- 9 Conclusion
- 10 FAQ IQ Option
IQ option: how does it work? The tools used by the platform
IQ Option is a complete trading platform that offers its users a multitude of alternatives, and after starting as a binary options broker, IQ Option now allows clients to trade contracts for difference (CFDs) on shares, cryptomones and exchange traded funds. ), Forex, and a range of different numerical options.
- CFD on shares
- IQ Option allows users to trade CFDs on the shares of more than 7,485 different companies, including the best performing companies listed on NASDAQ and NYSE.
- Users can also exchange 12 of the best crypto currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA and Dash.
- ETFs operate by following commodities, indices and asset baskets. These can be traded in the same way as ordinary shares, and traders can choose from about 4,288 different ETFs.
- FX trading, or Forex, is an extremely popular trading market and Option IQ provides access to approximately 188 currency pairs. This allows users to exchange their preferred foreign currencies with ease.
- Users can speculate on the price of a number of different assets, including currencies, stocks, indices and commodities. The platform currently provides a gateway to more than 10 million options.
Trading has always been a very stressful and complex activity because overnight you can lose a lot of money, as the last cryptomonnaise shows with the terrible fall of the Bitcoin from almost 17 ooo € to 4800 € and then stabilize at around 7000 €. Trading on IQOption is very simple, here are the steps below to register on the platform below
- Register for free on the platform by clicking here
- Send your verification documents to ensure maximum security for identity and secure access to your account
- Start in demo mode to get used to the trading platform. This demo is strongly recommended for all beginners in the field of trading. It’s free so take advantage of it
RISK WARNING: YOUR CAPITAL MAY BE AT RISK
Win OTN tokens
IQ Option also seeks to compensate users who exchange crypto-currencies on the site, and there is an additional bonus available in the form of OTN tokens. IQ Option, in collaboration with The Open Trading Network, has developed a system that rewards traders on the site with OTN tokens. Reward tokens are currently awarded through weekly distributions or issues, and the more transactions a user makes, the more OTN tokens are eligible.
OTN tokens can be used to pay commissions on the platform in accordance with IQ Option’s internal option rate; IQ Option platform users are rewarded for their trading activity through a method that aims to facilitate future exchanges on the platform.
IQOption: What is the demo account, normal or VIP account worth?
IQ Option is one of the few brokers to offer a demo account. To do so, it’s very simple, just go to the IQ Option homepage and register for free before you can launch the demo. What is the real purpose of this demo? It will allow all people who are not comfortable with the subject to have an overview of the gains they could generate by trading any crypto currency such as Bitcoin, Ether or Litecoin. During this demo, IQ Option gives you virtually $1000 with a limited range of assets. You will be free to use them as you wish to get used to them with the platform and feel what it feels like to trade online. Once this demo is well exploited you will be able to really start trading and define a budget to invest and objectives to achieve to be the most profitable and never lose track.
- For users interested in testing the platform, there is a demo account option that comes with a revolving provision of virtual funds. Option IQ requires a low minimum deposit and new traders can start by depositing only $10 to access a direct account, there are currently two trading account options.
- This account is accessible with a minimum investment of $10 and there are no restrictions on trading features. This account provides access to more than 70 assets and users can request withdrawals that are processed within 24 hours. Real account holders can also participate in various commercial competitions organised on the platform (for customers outside the EU).
- This account is available for all traders who deposit more than $3000. In addition to the features on the real account, the VIP account also includes a personal manager who is always ready to help traders with any questions or problems. The VIP account is also delivered with a monthly report on users’ trading records, which is performed by the platform’s analysts and gives customers valuable information on their performance.
The French leader in crypto trading?
Today, IQOption is the leader in the cryptographic trading market with thousands of new traders every month! This platform will allow you to trade the 14 largest cryptos very easily with the possibility of quick and easy withdrawal. Unlike other platforms you do not own the cryptos on IQ Option, so no risk of theft, you simply trade up or down on its price.
Regulation and Safety at Option IQ
Online since 2013, IQ Option is present on the financial market and offers a wide range of trading instruments and services to several countries around the world.
IQ Option consists of two legal entities: IQ Option Europe Ltd. registered in Cyprus and regulated by CySEC, and IQ Option Ltd. which is registered in the Seychelles and is not regulated.
IQ Option Europe Ltd. provides its services to merchants in the following countries: Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, Netherlands, United Kingdom.
This amazing list shows how this broker pays a lot of attention to ensuring a secure customer experience. It is also important to mention that IQ Option has a very informative site with a well explained regulatory status, terms and conditions and banking services.
The deposit and withdrawal processes are secure and executed over a short period of time and traders should have no difficulty making payments with Option IQ.
Advantages and disadvantages of the platform
Finally, after a few years, we have a trading platform that does not look like a carbon copy of all the other brokers on the market. The company is trying to do something different.
That being said, the Call / Put style is the most common and most used, so there will not be many complaints about it and so on. In addition, they offer many other trading features.
Highly appreciated by its users, IQ Option is above all one of the best forex and crypto-currency trading platforms for beginners, thanks to its demo version, as well as for the most experienced. This is a testimony that sums up the quality of the services offered by the IQ Option platform.
IQ Option allows users to contact the support team by email, via a contact form or the chat developed on the site. The team claims to respond to all requests within 46 seconds and aims to resolve all tickets within 24 minutes. There are currently about 83 customer service specialists in the team and traders who need a more personalized service can switch to the VIP account… which offers a personal account manager.
IQ Option maintains an international orientation and aims to meet the needs of traders 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 citizens or residents of the United States of America, Australia, Canada, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea or Russia.
IQ Option also adheres to the required identification standards and users should note that when they register for a trading account, they must provide their personal data and have their e-mail address and telephone number verified. Potential users who are unable to do so will not be able to complete their account registration. After the first financing has been paid into your account, you will also be asked to provide other personal information to validate your account. IQ Option expects to receive copies of identification documents such as your passport or national identity card issued by a government authority, but also proof of address in the form of a utility bill or bank statement is required from EU residents.
Nicolas – 35 years old: I started as a beginner on the IQ Option Trading platform and very quickly found my bearings. This platform is really ideal for both confirmed traders and beginners. I highly recommend it for anyone who would like to try it.
Most of the 2017 and 2018 forum reviews are good. Negative reviews are very often related to people who have lost by trading what is not representative of the platform. The French customer service department responds quickly by chat and email.
The Android application and iOS IQoption?
IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility in terms of mobile trading options. The application has its own intuitive graphical interface and is easy to use; it also has most of the mapping options found on the standard platform. The application also provides push notifications, and users can define key negotiation levels that generate alerts whenever these levels are violated. The application works on tablets as well as smartphones and the platform is available for Android and Apple iOS device owners.
On the mobile platform, IQ Option offers a wide range of assets: the most popular Forex pairs: EUR/USD, GBP/USD, AUD/CAD, and the most popular cryptomones: Bitcoin, Ethereum, Litecoin. Thanks to this application, you will be able to constantly monitor the evolution of your investments and interfere with them whenever you want.
IQ Option is an impressive platform that provides its users with a large amount of value. The site offers a good level of transparency and functionality and users can feel comfortable knowing that the platform complies with the latest financial regulations.
Trading on the site is generally a fairly smooth experience and the platform uses an intuitive user interface that is easy to navigate. The trading platform and application are sufficiently functional for professional traders while being sufficiently simplistic to allow new entrants to easily learn the trading process.
IQ Option is a growing company and has managed to manage nearly 15 million accounts and process 3 million transactions per day. The site also has a transaction volume of $11 billion per month and pays approximately $5.7 million to its users on a monthly basis.
Finally, IQ Option is not available for residents of countries such as the United States, Canada and Japan. These countries are home to a large number of people with financial skills and the presence of the platform could benefit from them. However, IQ Option is still aimed at traders (professional or budding) from more than 178 countries and provides a complete service to all its users. The platform is aimed at traders in equities, Forex and crypto-currency. Also, individuals who register can be sure to interact with an intuitive platform that provides access to a multitude of trading resources and options.
FAQ IQ Option
1 – Is IQ Option legal?
IQ Option is based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation proposed by the commission and fully authorized to sell its products to customers in a number of jurisdictions.
2 – Can we trust IQ Option?
While writing this article and seeking various reviews online, we found a number of complaints from people claiming that the site was a scam. Some comments cite the fact that they have deactivated a person’s account without the possibility of withdrawing the balance. Also, there are many disgruntled people who seem to have lost money by trading on the platform.
But we also found an overwhelming number of positive comments about the company, which seems to indicate that the few people who have had problems with them are the people who make the most noise on the networks.
In our opinion, this company cannot be considered a scam at all, the company is a closely regulated company with a high turnover, official business premises and a high quality website and trading software.
3 – Does the platform have a good reputation?
Option IQ have always been known in the business community for their accessibility and attractive business conditions, features that they have managed to maintain to this day. Even at a time when most of their peers required minimum deposits of $200 to $500, they offered binary option accounts for amounts as low as $10. Spreads on their Forex and CFD products are among the best in the trading industry to date.
Given the above, it is not really surprising that brokerage on the platform has progressed by leaps and bounds, even when the situation was difficult in terms of reputation. From approximately 950,000 accounts in 2014, IQ Option reached more than 14 million accounts in 2016. From around 200,000 transactions per day in 2014, they now handle more than 3 million transactions per day. With a monthly transaction volume of $10 million in 2014, more than $11 billion is processed monthly through the brokerage firm.
Perhaps the most dramatic measure of IQ Option’s growth is the geographic coverage of the transaction. From a handful of countries in 2014, brokerage services are now available in no less than 178 countries.
Thus, the few negative online comments did not stop the platform’s growth, which enjoys a good reputation worldwide.
4 – What are the payment options?
IQ Option offers its clients several 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 such as Visa and Master Card. Customers can also use a variety of payment processors such as Skrill, WebMoney, Cash U, Neteller and Moneybookers. There is also the option to process payments by bank transfer and the current minimum withdrawal amount is $2, while the estimated time to withdraw funds is 1 business day.
To make your first deposit, you will need to go through the account verification process in the EU, which consists of adding your phone, personal information, adding your trading experience and downloading a photo ID. Different countries will have different requirements and will also need verification to make withdrawals from the site.
5 – How to register?
The best way to get started is to register via Facebook, Google, or simply create an account using an email address. After entering your details and creating a password, you can immediately use your Demo account or recharge your “normal” account before you start trading. A pop-up window will inform you when you create your training account and your real account.
IQ Option has developed its own platform, making site navigation a pleasant experience. The platform has generally been well designed with an intuitive approach and it is quite easy to localize all the different tools and features. The free demo account also offers users the ability to trade with all underlying assets.
As a result, there are a variety of options regarding transaction types and users can quickly switch between their preferred assets. The platform also offers a range of mapping tools and the ability to verify indicators that professional traders use every day.