Regulation 90%
Binary Options Choice 85%
Payouts 90%
Software 95%
Demo 85%
Customer Support 100%

Summary

IQ Option has one of the best user-friendly binary options trading platforms in the market, which is equipped with advanced charting options, a large number of financial assets, and a reliable trading environment. IQ Option’s regulatory status and popularity also play a fundamental role in the broker’s continued popularity among all categories of traders in the financial markets.

 

 

IQ Option Overview

IQ Option is a European-spec binary options broker that has concentrated on providing a wide range of binary options products to traders from all over the globe. IQ Option is a verified and reliable binary options trading company that is prominently featured in the markets due to its exposure to the market and its market penetration. Countless new companies and even existing binary options brokers hope to replicate the success enjoyed by IQ Option. Nevertheless, IQ Option continues to innovate and evolve to keep abreast of the market changes and the ever-changing requirements of traders.

Is IQ Option capable of continuing its dominance in the market to give its competition a run for its money? Are there any IQ Option trading pitfalls that may affect the integrity of its customers? Read our IQ Option broker analysis that not only covers the platform evaluation, assessing payouts, and trading features, but also takes a look at the different aspects of investing in the markets.

 

Information on IQ Option Regulation, Company Fact Sheet, & Awards

IQ Option operates from Limassol, Cyprus, which is a European country that is a prime player in the European Union and the European Economic Area agreement. Cyprus is home to some of the largest financial companies in the market and is especially popular among the leading Forex and CFD brokers around the world. All financial companies in Cyprus are required to be regulated by the Cyprus Securities and Exchange Commission (CySEC), which derives its operational policies and framework from the EU Markets in Financial Instruments Derivatives (MiFID).

Even though IQ Option primarily operates from its headquarters in Cyprus, the broker has also set up satellite offices in different parts of the world, the chief among which is its office in Seychelles. Seychelles is a tax haven that offers attractive investment opportunities to companies such as binary options brokers, but it must be mentioned that EU regulation is more than sufficient to verify the authenticity of IQ Option.

IQ Option is owned by IQ OPTION Company Group and is officially known as IQ Option Europe on the European continent. The company was launched in 2013 and quickly went on to become a leader in the binary options trading market. As of 2016 estimates, the company has serviced more than 14 million accounts and has transacted close to $ 11 billion volumes per month as the average throughout 2016. The company claims to process more than 3 million orders per day, which does sound like a reasonable number, given the fact that there more than 14 million live accounts currently operating from the IQ Option platform.

IQ Option has its presence in more than 178 countries and has received multiple awards, including the ‘Best Binary Options Broker’ and the ‘Best Binary Options Platform’ awards at numerous award ceremonies. IQ Option has more than 12 distinguished awards and recognitions to its name, which makes it one of the most-awarded binary options brokers that we have ever reviewed.

 

Coverage Of IQ Option Financial Instruments & Tradable Assets

IQ Option has recently announced its decision to increase the number of financial instruments available for binary options trading. At present, IQ Option offers around 70 assets in total, but the company plans to increase the count of tradable assets from individual financial markets to take the number beyond 10 Million options. IQ Option proposes to include around 7845 stocks, 4288 ETFs, 188 Forex pairs, along with a vast amount of commodities, indices, and other options. Regardless, we have compiled some of the most popular and widely trade assets, according to recent company metrics:

Forex Currency Pairs: CAD/CHF, EUR/AUD, GBP/AUD, AUD/JPY, GBP/CAD, GBP/CHF, EUR/CAD, USD/CAD, CHF/JPY, AUD/USD, EUR/USD, EUR/GBP, USD/CHF, EUR/JPY, NZD/USD, GBP/USD, EUR/RUB, USD/RUB, GBP/JPY, USD/NOK, USD/JPY, AUD/CAD, EUR/NZD, USD/SEK, USD/TRY,

Stocks: Twitter, Alibaba, Yandex, Baidu, Apple, Cisco Systems, Facebook, Google, Intel, Microsoft, Snap Inc., Oath, AIG, Amazon, Tesla, Nintendo, CitiGroup, Goldman Sachs, Coca Cola, JP Morgan Chase, McDonalds, Morgan Stanley, Nike

Commodities: Gold, Silver

Indices: Bitcoin, DFMGI (Dubai), TelAviv-25, Hang Seng, IOTUSD, ETHBTC, BTCUSD, XRPUSD, DSHUSD, LTCUSD, LTCBTC, ETHUSD

It is indeed marvellous news that the broker has decided to increase the market exposure by adding new markets and new assets, which can benefit a larger group of investors. IPQoption is relentless in its efforts to improve its credibility in the markets, which is a good sign that IQ Option is dedicated to refining its services and products for its clients.

 

IQ Option Fees, Payouts, & ROI Analysis

Under no circumstances do IQ Option clients need to pay any fees or costs for trading, as unlike FX and CFD brokerages, IQ Option provides a binary options service that only has two market participants. The broker offers an option to the trader to call or put an option with a predetermined expiry time, and it is up to the trader to either invest in the markets or refrain from trading. Once a trader decides to invest in the market, there are only two possible outcomes; gain or lose money, hence the term binary options trading. Therefore, IQ Option is entirely free of any fees or costs of trading.

The sheer number of options and assets do allow traders to trade any binary options as they desire, and the payouts differ according to the option and the market condition. IQ Option offers a maximum ROI of up to 92% on certain instruments, but overall, expect the payouts to be in the region of 65% to 90% on average. The minimum investment for a binary option is $1, with a maximum limit set for $5000.The maximum investment limit of $5000 may seem to be way too high than regular trading limits set by other brokers, as some of the leading brokers typically limit maximum investment per trade to $1500. Therefore, it is essential for traders to be careful about their investments, as investing $5000 per trade can result in massive losses during prolonged losing streaks.

 

IQ Option Platforms & Trading Conditions

IQ Option’s trading conditions are not far off from what is offered as standard for most binary options traders. For instance, IQ Option follows the classic high/low trading concept, which is divided into regular and Turbo options. There might not be as many binary options products and trading options at IQ Option as one might expect from a large broker, as other competitors offer a wide range of options to increase the flexibility of trading. Regardless, IQ Option has offered a wide array of financial instruments to choose from, which may be one of the reasons why IQ Option has limited its trading options to the classic trading systems.

To make matters easier for traders, and to ensure a full range of customizable options, IQ Option has designed and developed an installable binary options trading platform. The IQ Option desktop trading interfaces are available for Mac OS, Linux, and Windows operating systems, thereby covering the entire desktop trading market. However, the company has not provided any information on the availability of a Web Trader interface, which might have offered convenient trading options for traders while on the move.

The binary options trading platform for desktop offers advanced charting options, custom-tailored trading dashboard, and a wide suite of trading tools to help traders make the best use of the available resources for investing successfully. The IQ Option trading platform offers a premium feel and is one of the most advanced trading interfaces that are available in the market.

 

 

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.

 

 

A Sneak Peek Into IQ Option Minimum Deposit, Withdrawal, & Account Funding Options

IQ Option has catered to the basic requirements of the traders by understanding their needs perfectly. Typically, binary options brokers may require its clients to make larger investments, to the tune of $100 to $500 for a binary options trading account. Although such an amount is not a hefty investment by any means, it may still be a considerable investment for many traders. Therefore, to ensure that IQ Option covers a large part of the market, the broker has specified a minimum deposit of only $10. Of course, there are brokers that offer trading accounts for as low as $1, but IQ Option has certainly made the job easier for traders to open a binary options account at a regulated broker.

The broker has also specified a minimum withdrawal limit of $2, which is certainly the lowest amount of money that you can withdraw from a broker. In order to support such low payment options, the broker allows its traders to fund and withdraw using online payment processors such as Skrill, Webmoney, and Neteller. Of course, you can also make a deposit and withdrawal using a Visa and MasterCard, but the transactions may involve additional costs for payments.

IQ Option has made it a priority to process all withdrawal requests and has successfully paid more than $5.7 million a month in profits alone in 2016. It is indeed a staggering amount of money, especially when brokers these days try very hard to hold on to their clients’ investments by stating bogus reasons. IQ Option has also been successful in lowering its withdrawal time to within 24 hours, and the trend seems to suggest that the company will decrease it further in the coming years. Together with EU regulation, you don’t have to worry about the safety of your funds at IQ Option.

 

 

IQ Option Bonus

Once again, the problems of regulation bring to fore the issue of bonuses and free promotions. IQ Option does not support any type of bonus or offers on deposits, as it is illegal for EU companies to indulge in any type of bonus program or promotional campaign. It is further difficult for the company to bypass these restrictions through its Seychelles operations, as almost all traders who opt for an IQ Option account does so to enjoy the protection offered by CySEC and EU regulation. If you are concerned about the unavailability of a bonus, you should consider some of the other brokers listed on our recommendations page.

Nevertheless, if you are confident of your trading ability, and if you have been consistently in the profits, IQ Option offers a chance for traders to compete with each other through their proprietary tournaments. These tournaments offer a cash prize, which can either be used for trading or can be withdrawn completely without any restrictions. Therefore, it is possible to enjoy a cash bonus at IQ Option, provided you are talented and skilled enough to beat the competition.

 

IQ Option Demo Trading

Trading with a virtual account is imperative for evaluating the performance of a platform and for getting familiar with the concept of binary options trading. In this regard, some binary options broker may fail to provide a demo account, while some companies limit the demo features. IQ Option, on the other hand, offers a free and unlimited demo trading account, which offers up to $1000 in virtual balance. The demo account is an accurate representation of the trading conditions offered to real traders and should act as a perfect test bed for potential customers before opening a real account at IQ Option.

 

IQ Option Customer Service Channels

Contacting the IQ Option customer support department is possible through online live chat, email, web contact form, and country-specific numbers in Europe, Africa, and Asia-Pacific. IQ Option offers a reliable platform for customer interaction, where almost all problems are solved within an hour at the maximum. The company has more than 39 specialists that work around the clock to provide expert assistances to its clients and has brought down its chat responsiveness to less than 46 seconds, all the while improving its efficiency. The company also claims to have closed its customers’ tickets in under 24 minutes, making it one of the most responsive and reliable customer service departments in the entire binary options market.

 

IQ Option Tutorials & Resources

IQ Option offers a highly detailed and trader-oriented video tutorial section that provides all the necessary information through short, but meaningful video presentations. However, the company does not provide any technical analysis, market research, or other information that may help traders in making informed decisions in the market. Immaterial of the fact that the company has deliberately avoided providing such services to the clients, we would recommend IQ Option to provide news and economy section, which will give some sort of credibility to the broker’s trading resources.

 

IQ Option Verdict

PROs

  • IQ Option provides a regulated trading service that is supported by many years of verified customer testimonials.
  • The company constantly innovates its services to provide an improved trading platform.
  • Dedicated trading platforms for desktop and mobile devices.
  • Large number of financial instruments, with more assets scheduled to be added in the coming months.
  • Low minimum deposit and withdrawal options, accompanied by lower minimum investment for trading.
  • Excellent customer support.

CONs

  • No bonus on deposits.
  • The number of options and products are limited.

 

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.

 

TRADE AT IQ OPTION


3 Comments » for IQ Option Review – Is The Broker Secure For Binary Options Trading?
  1. Jack Williams says:

    Thank you Mr Zack for helping me to generate more funds for my trade

    • Jack Williams says:

      If you want to generate more funds on your trade kindly talk to zacksmith880@yahoo . com,he is tested and trusted.

  2. Rod says:

    Never had there been a more legit broker than IQ Option. Went out of my way to use it despite living in a country they don’t support. I’m From Mexico so that’s what helped me. Use a VPN, get verified, and you can trade from anywhere you please while you travel the world. I’ve worked with 20+ brokers and have blown my account with every single one of them. Boss Capital (over $50K went through account), LBinary, CTOption, BinaryMate, BinaryCent, Tradeorax, BloombexOptions (over $100K went through account), just to name a few.

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