Let’s review IQ Option, as the prospect of trading online holds a rewarding promise of making legal money on your own time and from the comfort of your home. It can be a bit perplexing though if you’re not sure where or how to start. And yes, you must have the right information if you’re a newbie to online trading. This would go a long way to help you avoid wrong moves as you trade and also keep you on your A-game. Having all the right tidbits will also ensure you are able to fully maximize your trading platforms and also be at an advantage. Information is power.
Several brokers are available on the market to provide you with an excellent trading platform to trade a variety of financial assets such as Stocks, Forex, (Binary/Digital) Options and Cryptocurrency. One of the best: IQ Option. This broker is as smart and efficient as the name sounds. Russian owned and based out of Cyprus, Europe; IQ Options was founded in 2013 and run by IQ Option Ltd. Since that time, it has risen to become one of the fastest growing online trading platforms boasting over 20 million users all over the world.
Who are IQ Option?
IQOPTION LTD Reg. No. 24840 IBC 2018 – St. Vincent and Grenadines (Group).
IQOPTION EUROPE LTD – CySEC License No. 247/14 – for EEA member countries.
IQOPTION GLOBAL LTD – Vanuatu No. 40093 – Execution of Orders, Transactions.
IQOPTION PAYMENT LTD – Registration No. HE 324593 – payments processor (CY).
Why is IQ Option trusted by all these people? .
For Europeans, IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySec), this broker is fully compliant with the legislation put forward by CySEC with 100% authorization to sell their products to clients in given jurisdictions. Trading with IQ Option, your investments are in safe hands. Non European clients are also looked after by a regulated entity, with VFSC regulation. Products under Vanuatu include Binary Option (not allowed in Europe).
To the good stuff, what you need to know about IQ Option offers
This platform is not just super comprehensive, it offers a whole range of alternatives to users. While in the past, IQ Options started out as a binary options broker, it now allows customers to trade Exchange Traded Funds (ETFs), Forex, Contracts for Differences (CFDs), Cyptocurrencies and a wealth of other digital options (EU legal binary options, with more detailed safeguards). IQ Options review shows they are allowing users to trade CFDs on stocks from an impressive 176 different companies – some of which are the most prosperous businesses listed on the NYSE and NASDAQ.
If you are trading Forex on IQ Options, access 188 currency pairs are available to you with ease. Crypto trading currencies include Ethereum, Litecoin, Monero, Bitcoin, Dash, Omisego, Ripple, IOTA, Zcash and Dash. You can also trade indices, stocks and currencies with IQ Option.
So what business model is IQ Option and how does it work?
Its pretty much straightforward, IQ Option trading business model depends simply on the trading activities between buyers and sellers. This means that IQ Option is responsible for clearing all transactions. If you must know, this trading platform was created to consider both buyers and sellers at a balanced level so you have nothing to worry about.
Trading with IQ Option, enjoy amazing low spreads. What about commissions?. What are the charges applied if I’m using IQ Option?. Unlike the average broker, IQ Option charges almost no commissions or fees from its users. The opening and closing trade positions for profit is the main activity that takes place on the on online trading market. IQ Option assures you that you can trade smoothly and safely without charges. IQ Option is market making on its Vanuatu brokerage, so please note they will profit from your loss.
What you need to know about maximum leverage with IQ Option is that it operates on a ratio of 30:1, Europe and 300:1 rest-of-world for Retail Traders and 1000:1 for Professional Traders. Minimum deposit is also at $10. IQ Option does not have MT4 Integration, but rather have developed their own online platform accessed as a downloaded App – and while it prompts users with trading signals, it does not provide for Auto Trading. Users are also provided the option of running an Islamic account.
Too good to be true?. IQ Option is no doubt a suitable option if you are looking to get the best package when choosing a broker. With clients in over 151 different countries this platform and website are currently available in 13 languages. Its intuitive User Interface is pleasant and extremely easy to navigate making it simple enough for newbies to acquaint themselves with the trading platform and functional enough for advanced traders to utilize.
On the downside, IQ Option is not available to residents in Sudan, Iran, Israel, Canada, United States of America, Japan, Belgium, North Korea, Palestine, Australia and Russia. This is due to a number of different trade regulations and local restrictions.
IQ Option Support
Using IQ Option for your online trading means that you have access to its support team through chat function as well as email. Excellent customer service on the site means that users receive responses to all queries within 46 seconds and solutions in 24 minutes. Over the years, IQ Option has claimed an impressive list of awards in the online trading community. These include earning the title of Best Binary Options Broker Europe 2015 from the Global Banking and Finance Review, the 2017 Award of Excellence from the Academy of Interactive & Visual Arts. IQ Option was also recognized by the voting committee as the top trading app in the Financial category. From the IMF Awards in 2015, it earned the honor of Best Mobile Trading Platform. Other brilliant awards have been bestowed by the Global Brands Magazine Britain, Forex Awards and MasterForex-V. This broker’s reputation adequately precedes it.
Additional features of IQ Option include Mobile Integration, Trading Competitions plus Education and Training Resources. All of this serve to ensure that the platform can be accessed on Android, Apple and iOS devices. Users can also test their skills while newbies can benefit from its trading videos, webinars and tutorials.
Would you like to supplement your income while using IQ Option?
The platform runs an affiliate program where you can encourage others to sign up through an affiliate link. Your rewards will be accrued to you when new users start trading after being grafted through your link.
As an online trader, beginner, intermediate or advanced using IQ Option, value is 100% guaranteed thanks to its functionality and transparency.