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IQ Option

4.8 / 5

Up to 100% Cash Bonus

IQ Option

  • An exclusive platform that can't be found at any other broker; it's ideal for beginners and great for professionals, too.
  • The Binomo graph always points in the right direction.
  • Regular promotions, tournaments, and sweepstakes: the world of finance can be friendly, if you're with the Binomo team!
  • 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.
  • 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

Pros

  • Free Demo Account
  • Regulation by CySEC
  • 92% Return on equity
  • Excellent Interface Variety of Options
  • Regulated by CYSEC agency

Cons

  • Slow Customer Support Country Restrictions

IQ Option info

Name IQ Option
Established 2013
Location Cyprus
Minimum Deposit $10
Support Options IQ Option allows users to contact the support team via email, contact form and a chat function. The site claims to respond to all queries within 46 seconds and aims to resolve all tickets within 24 minutes. There are currently around 83 customer service specialists on the team and traders who require a more personalized service can upgrade to the VIP account which comes with a personal account manager.
Deposit Options Visa, MasterCard, Webmoney, Skrill and Neteller
Withdrawal Options Visa, MasterCard, Webmoney, Skrill and Neteller
IQ Option Account Currency EURUSD, GPBUSD, USDJPY
IQ Option Customer Support Languages Arabic, Chinese, English, French, German, Indonesian, Italian, Korean, Portuguese, Russian, Spanish, Swedish, Turkish
IQ Option Platform: IQ Option
IQ Option Regulators: CySEC

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IQ Option  BONUSES 

So far, cryptocurrencies, which are also on offer at IQ Option, have not been mentioned. They are particularly popular among investors, especially because of the hype surrounding Bitcoin, which started in late 2016 – and has not gone down yet. Within a short time, traders were able to generate enormously high returns with the crypto currencies, especially in CFD trading. However, because the digital currency has developed in a volatile manner, strong consolidations happened regularly.

IQ Option’s product range in this area is significantly larger than that of most competitors. Traders can trade as many as twelve cryptocurrencies, including the following:
Bitcoin
Bitcoin Cash
Ethereum
Litecoin
Ripple

These currencies are traded by CFD’s, with the maximum leverage at 1:25. Otherwise, the risk of trading the currencies which are prone to volatile developments would be too high for traders. Nevertheless, it is also possible to generate enormously attractive returns.

Conclusion: At IQ Option traders can also trade in crypto currencies. A whole twelve different digital currencies are currently on offer, including Bitcoin, Litecoin, Bitcoin Cash, Ripple and Ethereum. Trading is always done by way of CFD’s, with the maximum leverage being limited to a factor of 1:25. Otherwise, the risk of loss for traders would be too high.

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The IQ Option trading platform

Unlike most of their industry peers, IQ Option have not jumped onboard a mainstream trading platform such as MT4. They still have their own, in-house developed platform, which is doing a rather good job trading mechanics-wise, though it does indeed lack a little in the analysis/charting options department.

The trading platform features an attractive interface, and it is available in web-based as well as downloadable formats. Unfortunately, the downloadable version of the software is in essence a replica of the web-based trading platform, with the same features and shortcomings.

That said, trading through the IQ Option platform is in fact quite enjoyable. The charts are visually pleasing and one can indeed trade directly from the charts. Different time frames can be applied and no fewer than 9 charts can be displayed at the same time.

In addition to the features focused on the actual opening/closing of positions, the IQ Option platform offers an overview of one’s open positions, as well as a Trading History section. There’s a Chat and Blogs section featured too, which is where the social side of the brokerage comes into play.

Through the trading interface, IQ Option clients can also access an impressive number of video tutorials, detailing various analysis methods and offering tips on the inner workings of the platform itself.

The charting tool selection lets traders choose from Area Charts, Line Charts, Candle Charts and Bar Charts. These are obviously useful for the spotting of various chart patterns. To this end, a number of graphical tools are provided too. These include the Fibonacci Lines, Trend lines, horizontal lines and the simple line. A total of 12 technical indicators are available (and it is probably not up to traders to install more). These include the Bollinger bands, the MACD, the MA, the RSI, the Parabolic SAR and obviously, the Stochastic Oscillator.

As an IQ Option trader, you should bear in mind though that many of the “classic” technical analysis methods simply do not work in the cryptocurrency vertical, as this new asset-class has a way of its own of evolving its prices.

The bottom line regarding the platform is that while it may not be on the cutting edge charting- and analysis-wise, it offers traders a very attractive and functional way to go about their business and to interact with the community

Tournaments

There are regular trader tournaments across the trading platform – each carries their own set of terms and conditions. These are generally a competition based on trading success with a leaderboard. They are a method by the broker to encourage trading, so the tournaments are usually decided via the amount of total profit over a given period.

They offer a great way for traders to compete against each other, and create a lot of interest. The terms will often vary – so one tournament might focus on short term options, while the next might look at a specific asset class, like forex.

Often there are substantial prizes for the winners of these competitions. These range from cash rewards, to more unique prizes, such as the recent Aston Martin race day experience. These gave winning traders the chance to enjoy a race day in one of the sponsored Aston Martin Racing cars. These tournaments really increase the customer friendly feel promoted by the firm, and they are worth looking into.

Conclusion: As the IQ Option Experience shows, the broker also performs well as far as the trading platform is concerned. Traders have access to a wide range of analysis tools so that they can perform extensive chart analyses. Even from a technical point of view and in terms of ease of use, the software solution without a doubt scores points.

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