IQ Option 2019 Honest Review

IQOption is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Binary Options, Stocks, Forex and of course Cryptocurrencies.

Founded in 2013 and operated by IQ Option Ltd, the site has quickly became one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world.

IQ Option is also based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.

Broker’s awards

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.

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.

Is IQ Option Safe?

This is probably one of the most important questions for any trader that starts on a platform. Safety of funds and data are essential to a secure trading environment.

In the case of IQ Option, they are a regulated broker that has a licence to provide investment products in the European Union. The licence that IQ Option has if from the Cyprus Securities and Exchange Commission (CySec).

In order to obtain this licence, the broker has to meet numerous minimum requirements as it pertains to client funds, trading products and marketing restrictions.

Is IQ Option a Scam?

IQ Option hasn’t raised any Scam suspicions so far. In fact, IQ Option is a transparent brokerage, operated by a fully regulated company that has been in business for a long time without any major “incidents”.

In addition, the broker has maintained a relatively high and stable stream of traffic to their domains: IQoption.com and eu.iqoption.com. This means that the traders are satisfied and the company is healthy with a good reputation. The broker also appears in the registry of multiple European regulators such as FCA, Consob, CNMV, and Bafin. This is a big plus because should a conflict with the broker arise, it’s easier to make a complaint against a registered company.

Demo Video

Below is an IQ Option demo video. It is a full demonstration of all the developments added during the recent ‘platform 4.0’ upgrade. The demo includes how users can amend the trading area to suit their own needs. It shows how to check the same price chart over more than one timeframe, how to add technical analysis overlays and how all this can improve trading results.

While the video is not an out and out tutorial, it does deliver a full demo of the user experience, the new trading platform, and how it differs from other binary options broker platforms.

Pros

• High Returns of up to 91% payout in case of successful trade
• Low Minimum Initial Deposit Requirement – open account with $10
• Regulated Broker with CySec
• Cutting edge Trading Platform
• Direct access to Crypto markets such as bitcoin
• Secure account verification
• Quick withdrawals

Cons

• Smaller range of markets than some rivals on forex and cfd
• Self build robot / auto trading feature removed.


The platform offers some very user friendly features, and a very low minimum deposit of just $10. With a minimum trade size of just $1, and the best demo account terms available, they are the best choice for anyone starting out in binary options trading. The loss of the robots area was a blow, but may return in future.

Beyond that, the trading platform is excellent. They offer a wide choice of deposit and withdrawal options including bank transfer, or credit and debit cards, generate the fewest number of problems and complaints and are constantly improving. All in all, IQ currently lead the way in binary options, and their rapid growth shows little signs of stopping.

Customer Service Rating – 10
• 24/7 Live Chat
• Trading platform translated into 13 languages
• Phone support for all supported languages
Trading Choice Rating – 9
• Full range of stocks, Forex and Indices
• Silver, Gold and Oil
Deposit Method Rating – 10
Payment methods include;
• Credit Card / Debit cards
• Wire Transfer
• Web Wallet (Paypal, Skrill, Neteller)
Minimum Deposit Rating – 10
• $10
Minimum Trade Rating – 10
• $1 Minimum
Trading Features Rating – 10
• Industry leading platform in our opinion.
Payout% Rating – 9
• Up to 91% payout in case of successful trade
• Up to 900% on digital trade
Offers Ratings – 4
• Deposit match offers have been withdrawn as per CySec guidelines.
Site Intangibles Rating – 9
• IQ Option demo videos and training videos
• Regulated
• Free No Deposit Demo account – Unlimited funds, no time restriction
• Real time price feed from Thomson Reuters
• IQ Option VIP account – Better trading terms and VIP only tournaments

IQ Option Mobile Apps

The primary shortcoming of an installable desktop-based trading interface is that it cannot be scaled down for mobile devices. Normally, binary options brokers offer web-based trading interfaces that can be accessed on all types of devices, including desktop and mobile operating systems. Smartphone and tablet users sometimes access their binary options accounts through their device’s web browser and can enjoy all the features and functions at a single place.

However, IQ Option has chosen to take the more expensive route of providing dedicated trading platforms for individual devices. Therefore, IQ Option mobile trading is facilitated through the dedicated apps developed for iOS and Android operating systems. IQ Option recognises the importance of mobile trading apps and its significance in the modern world of investing, which is why the company has moved ahead with providing excellent mobile trading interfaces that offer comprehensive market access for binary options trading.

FAQ

Is IQ Option suitable for smaller traders?
IQ Option specifies only $10 as the minimum deposit for its account holders, and traders can start trading from $1. The broker also approves smaller withdrawals from $2. How long will it take for IQ Option to process my withdrawal?
A majority of withdrawals are processed within a day, but offline withdrawals such as bank wire and checks may take longer. Nevertheless, 75% of withdrawals are guaranteed to be processed within 24 hours. Is IQ Option a scam broker?
No, IQ Option is a fully regulated broker that is EU authorised under the EEA agreement and MiFID derivatives. IQ Option is regulated by the CySEC regulatory authority of Cyprus. Does IQ Option provide mobile trading support?
Yes, IQ Option provides complete mobile trading support through its dedicated mobile trading apps designed for both iOS and Android operating systems.

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.