IQ Option Review – Is it SCAM or LEGIT broker?
IQ Option Ltd
- Free demo account
- Simple to use, yet very customizable
- Many available assets
- Intuitive user interface
5.0 / 5
IQ Option Ltd, also known as iqoption, is one of the established binary options brokers in the industry. As traders, we’d like to give you our honest review of the services they offer.
IQOption will be of interest to both newer and more experienced traders who want to try out a newly-developed trading pattern or method. That’s because, apart from having a completely free binary options demo trading mode, IQOption also offers different types of graphs. These include candlestick charts and lots of useful indicators that will help you to evaluate just how effective your methods are. You don’t see that often with other brokers.
The success of its model is evidenced by the fact that IQ Option is the fastest-growing broker in the binary options field. As of February 2016, it had 30 million active traders. It is also the winner of several awards, and Google Play rankings show that its mobile app has been rated as the best binary options trading app across 26 countries.
Apart from offering you a trading platform, IQ Option sends out training emails that are aimed at helping you to succeed with binary options trading. If you’re new to binary options trading, you’ll find out about hedging, rollover, and so on. The emails are interesting, but if you already know what you’re doing, you might find some of them a bit spammy.
IQ Option binary options demo
IQOption is well-known for its demo account option. It just takes a few seconds to open one. Simply click on the green Visit broker button above and then select “Log in With Facebook.”
The trading account will be set up immediately, and you are ready to try your hand at trading. You can also create a new account just with your email account, so you don’t need a facebook account, of course.
IQ Option platform
IQ Option has its own custom-made platform, which you’ll find to be very user-friendly. Unlike most other brokers, IQ Option has developed its interface. Nowadays, all brokers do that – but back in the day when binary options started, nobody was doing it.
The differences may be subtle, but we see them as a successful effort to make binary options trading simpler for both the man in the street and the seasoned trader.
The screenshot above gives you a look at the IQ Options platform. Using the mouse scroll wheel zooms the graph in and out for an overview or a more detailed analysis. You can also move the graph by dragging the mouse. The buttons on the bottom left are used for adding indicators, trend lines and similar features that have, so far, only been possible in Meta Trader. Personally, I have never seen a binary options platform that is quite as customizable.
- A: Trader’s insight
- B: Expiration time choices
- C: Selecting the trade size (trades from only 1 USD!)
- D: Open a PUT option or a CALL option
Watch our quick IQ Option video platform review
IQ Option Demo Account
Like many other brokers, IQ Option also offers a demo account, which is an undoubtable advantage for anyone who just wants to try trading with broker.
But what makes this demo account so special and what makes is stand up among its competition is the fact that it is completely free and unlimited. Opening a demo account is not conditioned by filling in any personal information (KYC verification) and is not limited in time. The demo account will automatically receive $ 10,000 in virtual money, with which you can try trading all available instruments.
When you run out of this virtual money, all you have to do is click a button to apply for new funds and within seconds, your practice account is filled.
IQ Options has received various prestigious awards from investment magazines featuring binary options trading and traders. Awards such as Best Binary Options Broker Trading Application, Most Innovative Binary Options Broker, Most Reliable Binary Options Broker, and more just seem to be streaming in.
And although short-term investment options such as binary options trading are not usually popular with traditionalists, one of the most influential Stock Markets in the world, the Nasdaq, has singled out IQ Option as a resource worth linking to. You can find out more here: Interview with the IQ Option’s founder.
IQ Option Mobile App
Ever since its launch in 2013, IQ Option has undoubtedly been one of the most innovative binary options brokers. With every new technology launched, IQ Option pushes binary options trading to the next level. And IQ Option’s mobile apps are not an exception. If you have never tried a binary options trading app before, skip the rest and start here. If you have, you’ll find the IQ Options Mobile app to be superior. Here’s why:
- It is the best mobile application for binary options trading you can find on the market. In fact, it’s an award-winner.
- Its platform features an extremely user-friendly interface and great graphics.
- The IQ Option mobile platform is extremely fast, and it is not surprising that most traders use the mobile platform more that the desktop one.
- The application is very well secured, so your money and personal data are safe, and you can set up the app so that it only logs in with your fingerprint.
- It also offers notifications, so you will never miss another tournament, or any other IQ Option event.
- The IQ Option app is easy to find and download regardless of your preferred device’s operating system. It is available on iTunes and Google Play store.
- The app supports exactly the same functions as the desktop app (charts settings, trend lines, etc.)
- You can log in via Facebook or Google accounts.
- You can deposit your money directly when using the app. It takes just a few taps.
- If you would like to find out more about IQ Option’s mobile app just click the link to read our review.
IQ Option’s VIP account
In IQ option, all smaller traders have the so-called standard account. This means that they are active traders, but all their deposits combined don’t give a total of $3,000. However, if one’s deposits, in single or multiple payments, exceed $3,000, they’ll be assigned a VIP account. What does that mean?
What is a VIP account?
Having a VIP account brings many advantages. Some of the benefits are:
- High-yield assets that can allow you to reach up to 91% profit for each correct prediction.
- Access to the Educational Section prepared by experts from IQ Option. This feature includes such things as lessons on money management, using indicators, a list of mistakes that inexperienced traders make, and so on.
IQ Option trading patterns
Broker IQOption offers various tools and functions in its trading platform. Among these, one of our preferred features is the ability to examine IQOption trading patterns. You can view trading patterns on the IQ Option web page, and the format was pioneered by this broker.
Everybody knows that for successful trading you need an understanding of trading patterns. Whether we like it or not, the lack of this information will impact negatively on our trading results. The developers of the IQOption trading platform know this, and that is why they have added this section to their website.
All the patterns which you can find on IQ Option pages have their own video tutorial. You can learn how to use the binary option trading patterns, and you can save a lot of time and trial-and-error attempts by using the information provided. All the video tutorials that IQ Broker offers can be found on the right-hand side of your trading platform.
Perhaps it will be a bit of a stretch grasping the finer details, but I think that a smart newbie or an advanced trader should be able to grasp them quickly. The video tutorials, will demonstrate some basic trading patterns for trading binary options. The techniques demonstrated include the use of the trend line trading pattern, Bollinger bands pattern, and more.
For more info and video tutorials demonstrating these unique trading patterns, view IQ Option’s successful Binary Options Trading Patterns
The IQOption experience
IQOption’s advanced platform, definitely the fastest, most advanced and reliable platform on the market, turns the business of binary options trading into a game. It beautifully highlights all winning trades, sends you notifications even when you’re not directly on the broker’s page, and even gives you sound alerts, and customizable graphs similar to those offered by Meta Trader 4.
The $10 minimum investment and the $1 minimum trade also make a difference. Sometimes, when I’m bored, I log in to the iqoption platform just to do a couple of 1-dollar trades. Why would I do that? Because with the IQ Option platform, it’s fun.
Yet, all this wonderful trading could be bad if you take it too far. Don’t forget that despite the gamified aspect, trading is a real business and although you might earn big money, you can also lose it. Budget carefully, and exercise self-control. Good luck
Would You Like to Try IQ Option? Try it With a Risk-Free Practice Account
Conclusion of this review
IQ Option according to us and many (over 30 000 000 to be exact) traders the best broker offering binary options trading. Besides binary options, they also let us trade stocks, indicies and cryptocurrencies. Everything is very smooth, quick and intuitive thanks to their custom-made application, available for Mac, Windows, Android and iOS.
If you don’t feel like investing real money yet, don’t worry. You can use the so called “demo account” to try the platform for yourself before investing. You will see that you’ll love it from the beginning.
Have you decided to invest your real money and try to make more of it? You can use many of their supported deposit and withdrawal methods, including credit and debit cards, wire transfer, e-wallets, such as Skrill or PerfectMoney. The methods also include smaller payment providers, such as Przelewy24 or AstroPay.
From time to time, people ask us, whether investing with IQ Option is legal. Yes, it is perfectly legal in the most of the world! There’s only a handful of countries, that don’t allow people to trade binary options with brokers based outside the country itself. One of the countries is USA – they only let their citizens trade with 2 brokers, that are based in and regulated in the USA. However, as far as we know, IQ Option is doing their best to get into that market.
How does IQ Option work? Try it!
More information on IQ Option
- Maximize the use of indicators in day trading
- IQ Option demo and real trading accounts: Know the differences
- Binary options trading in Mexico – Is it legal? Where to trade?
- IQ Option – How to deposit and withdraw with WebMoney
- Market analysis with IQ Option – How to do it?
- Understanding IQ Option broker – Get to know this broker
- Discover the differences between Put options and Call options
- To trade with and without expiration – What should you know
- How to reload your demo account with IQ Option?
- How to open deals with IQ Option when the market is closed?
- IQ Option review in Portugese
IQ Option Ltd Pros
IQ Option Ltd Cons
IQ Option Ltd - Review author
IQ Option Ltd Details
|✅ Broker||IQ Option Ltd|
|✅ Website URL||www.iqoption.com|
|✅ Support Types||Email support, Online live chat, Tickets|
|✅ Languages||English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian|
|✅ Trading Platform||Custom made IQ Option platform|
|✅ Minimum 1st Deposit||$ 10|
|✅ Minimum Trade Amount||$ 1|
|✅ Maximum Trade Amount||$ 5 000|
|✅ Bonus||FREE DEMO ACCOUNT|
|✅ Payout||Up to 100 % !*|
|✅ Leverage||Up to 1:300|
|✅ Free Demo Account|
|✅ Account Types||Standard, VIP|
|✅ Deposit Methods||Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay|
|✅ Withdrawal Methods||Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay|
|✅ Expiry Times||30s, 60s, 120s, 180s, 240s, 5 min, 10 min, 15 min, 30 min, 60 min, End of Day, End of Week|
|✅ Types of Assets||500+ assets, however only 15 in demo mode|
|✅ Option Types||Turbo, HighLow and Classical options|
|✅ Account Currency||EUR, USD, GBP, TYL, BRL, MYR, IDR, VND, CNY|
|✅ US Traders Allowed|
|✅ Mobile Trading|
|✅ Tablet Trading|
|✅ Overall Score||5.0 / 5|