iq

Broker Review

Quick Review

It’s difficult not to be very impressed indeed by the IQ Option binary broker service. It has literally everything which a casual trader would be looking for to compete at a professional standard. For value it’s pretty much unbeatable, same too for accessibility, ease of joining and offering a world-class unlimited free demo. IQ Options is without question one of – and quite possibly – the best binary options broker out there.

IQ Option in depth Review

IQ Option Review broker is a real success story of the binary trading industry. Since being founded back in 2013, in just four years it has successfully undertaken a huge expansion. For example in 2014 IQ Option account opening was available in just 18 countries, by 2016 that number stood at 178. In 2014 around 200 000 deals were made per day using the IQ Option review platform – by 2016 it was over 3 million. Last but not least the number of trading accounts rose from 950,000 in 2014 to 11 million in just two years.

These statistics are further backed by the rapid expansion of the IQ Options affiliate program also, rising from 4675 in 2014 to a staggering 43210 by 2016. During this expansion profits have multiplied by around five times.

So it’s fair to say that overall this company has absolutely exploded onto the binary trading scene, and these figures certainly serve to also highlight how popular this form of investment has become in recent years. It’s worth noting right away that IQ Option binary broker has also won a number of industry awards. These include the prestigious IFM awards for Best Mobile Trading Platform and Most Innovative Trading Platform (both 2015) as well as many others.

Account Features

IQ Option Basics:

  • Founded: 2013
  • Regulation: CySEC
  • Jurisdiction: Seychelles
  • Withdrawal: 3 days
  • Withdrawal Methods: Credit Card, Wire Transfer, Skrill, Qiwi, WebMoney, SashU, iDeal, Fasapay, Neteller and Boleto
  • Minimum Deposit: $10.00
  • Minimum Investment: $1.00
  • Max Returns: 91%
  • Assets: Currency pairs, Stocks, Indices and Commodities
  • Countries: Accept all countries except USA, Canada, Australia, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran.
  • Demo Accounts: Yes
  • Mobile Platform: iOS and Android
  • Trading Platform: Web-browser and standalone app
  • Support: 24/7

Deposits and Withdrawals

Most deposits should be processed near instantaneously depending upon which method is used to complete the transaction. IQ Option aim to process all withdrawals within one business day – but this is only guaranteed for clients who have met the VIP status deposit requirements. At most withdrawals will take three business days to process. There are no restrictions on amounts to be withdrawn, although the maximum deposit amount over 24 hours is capped at $1m.

Approved Withdrawal & Funding Methods:

  • Credit Card (Visa/MasterCard)
  • Maestro Card
  • Bank Transfer
  • Skrill
  • WebMoney
  • Cash U
  • Moneybookers
  • POLI

In order to change or add withdrawal methods the customer will be asked to provide scanned documents proving not just their identity, but also residence and copies of existing account/card numbers. Once more what sounds like it could be a headache is in fact impressive and intelligent security measures.

Demo Accounts

One of the most praised aspects of the IQ Option review platform is the superb quality of their free demo account. There’s absolutely no catch with this demo software. Unlike many other services which require a hefty deposit in order to even try out their software, IQ Option binary options broker treat their demo software more akin to an online game. All that the prospective trader needs to do is register an account (email, Google or Facebook) to gain full and unlimited access to the app; and then start trading with a fantasy budget. There’s no need or obligation to deposit or trade a single penny.

Obviously this IQ Option demo account is a much more sensible approach than expecting people to deposit up to $250 just for the privilege of testing out a trading program. There’s none of the hassle of then having to withdraw the funds and waiting sometimes days for them to return to your account – instead with the IQ Option trial it’s laid out right before you and ready to go in moments.

Without wishing to get distracted from the key points of this IQ Option review, it is worth taking a quick moment just to emphasize how important their demo policy is. Not only is it a fantastic free introduction to binary trading that’s absolutely perfect for new traders, but it also carries the whole ethos of what IQ Options are all about. They’re all for introducing people into trading without overwhelming amounts of jargon and with little expectation of prior knowledge. Quite simply they realize quite fairly that the best way for people to learn is to do so ‘hands on’ – and given they’ve nearly 15 million members it clearly seems to be working out rather well.

Customer Service

As would be expected from such a globe spanning company the customer service options are extensive. IQ Option has offices in eleven nations at time of writing and is currently able to offer support in the following languages:

English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic & Indonesian.

Each of the geographic offices can be contacted by telephone (calls charged at regional rates) or alternatively there is email, live chat and Skype support too. Each office also has a postal address listed. And from my previous experiences and investigations for this in-depth IQ Option review, I would rate their customer service with an A+.

Conclusion

It’s difficult not to be very impressed indeed by the IQ Option binary broker service. It has literally everything which a casual trader would be looking for to compete at a professional standard. For value it’s pretty much unbeatable, same too for accessibility, ease of joining and offering a world-class unlimited free demo. IQ Options is without question one of – and quite possibly – the best binary options broker out there.

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Risk Guidlines

Trading foreign exchange markets involves risk including the risk of losing part or all of the money invested. You assume all risk associated with your trading activities and at all times. You should select a brokerage firm you are comfortable with and be aware of all rules and regulations associated with that brokerage firm. The brokers listed here are for convenience and should not be construed as an endorsement.

Individuals trade and Invest at their own risk and profit