IQ Option Review

IQOption (or also iq option) is one of the newer binary options brokers. You can find their review on this page. IQOption may be interesting especially to more experienced traders who want to try their newly built strategy. That’s because IQOption offers, apart from a completely free binary options demo trading mode, also different types of graphs, i.e. candlestick charts and lots of useful indicators. You don’t see that often with other brokers.

It’s the fastest growing broker that, as of today (July 2016), accounts for 11 million active traders. Another interesting fact is that the broker will start sending you emails after completing the registration. You’ll receive approx. 10, in the first month. These are emails that should teach binary options trading. You’ll find out what’s hedging, rollover, and so on. Interesting, but some of you might find it a bit spammy.

IQ Option binary options demo

IQOption is very famous for their demo account, that can be opened in a few seconds. Simply click on the green button Visit broker below and then just press “Login With Facebook“. The trading account will be set up immediately and you are ready to trade.

IQ Option demo account is, however, slightly limited! Profit in the demo account is reduced to 50–60% and the number of trading assets is not the usual 77, but 15. Still, it’s good enough just to test the platform. And you won’t ever want to try another broker.

IQ Option Platform

IQ Option has a very interesting custom made platform, which you’ll love right from the first use. They have developed it specifically for themselves, not like most of other brokers. Meaning that no other broker can use this platform. For example broker BDSwiss or broker Banc de Binary use the identical SpotOption platform, with just a slightly different look.

Try the IQ Option platform below!

IQ Option has a swift platform with nicely customizable charts.

The picture above gives you a look at their platform. Using the mouse scroll wheel zooms the graph in and out, you can also move the graph by dragging the mouse. Buttons on the bottom left are used for adding indicators, trend lines and similar things that have, so far, been possible only in Meta Trader. Personally I have never seen a binary options platform that customizable.

  • A: Trader’s insight
  • B: Expiration time choices
  • C: Selecting the trade size (trades from only 1 USD!)
  • D: Open a PUT option or a CALL option

A very interesting feature that not only IQ Option, but lately also other brokers have started implementing is favorite assets section. You can choose your favorite assets and have them displayed at all times so you don’t have to look for them for minutes before opening a trade. Have a look at the favorite assets window below.

Favorite assets window in IQ Option platform

BrokerInfoAdvantagesDemoUS TradersOpen Account

Assets: 
Payout: Up to 89 % with VIP account
Min Deposit: $ 10FREE DEMO ACCOUNT

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Broker’s awards

This broker has received various awards from various binary options magazines. For instance, they have been given the awards: Best Binary Options Broker trading application, Most Innovative Binary Options Broker, Most Reliable Binary Options Broker and more.

Even one of the most important Stock Markets in the world Nasdaq identified the broker IQ Option as great. You can find out more, here: Interview with the IQ Option’s founder.

IQ Option Mobile App

Ever since its launch in 2013, the broker IQ Option has been undoubtedly one of the most innovative binary options brokers. With every new technology launched, IQ Option pushes binary options trading to the next level. And IQ Option’s mobile apps are not an exception. You haven’t tried any mobile application for binary options trading yet? I can assure you that this one you are going to love. Why?

  • It is the best mobile application for binary options trading you can find on the market (IQ Option broker was awarded a price for its application).
  • It’s platform is extremely user-friendly and has 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.
  • The application is very well secured so your money and personal data are safe + you can set up to log in with your fingerprint. I am sure that a lot of traders will appreciate it.
  • It also offers notifications, so you are not going to miss any tournament, nor any other IQ Option event.
  • The IQ Option app is available on iTunes and Google Play store.
  • The app supports exactly the same functions as the desktop app (charts settings, lines drawing, etc.)
  • You can log in via Facebook or Google accounts.
  • You can deposit your money directly in the app. It takes just a few taps.
  • If you want to know some extra info about this app read this article: IQ Option’s mobile app

IQ Option mobile app preview

DOWNLOAD THE IQ OPTION MOBILE APP

IQ Option’s VIP account

In IQ option, all smaller traders have the so-called standard account. This means that they are active traders, but all their deposits combined don’t give a total of $3,000. However, if one’s deposits, in single or multiple payments, exceeds $ 3,000, they’ll be assigned a VIP account. What does that mean?

What is a VIP account

Having a VIP account brings many advantages. Some of the benefits are:

  • High-yield assets that can make their profit reach up to 89%!
  • Special deposit bonuses that can increase our deposits by 50%
  • Access to the Educational Section prepared by experts from IQ Option (Lessons on money management, using indicators, a list of 21 mistakes that inexperienced traders do and so on)

The picture shows increase in profit for VIP Accounts

Binary Options Tournaments of IQ Option Broker

Other innovative features, which IQ Option Broker brought to the world of binary options trading, are Binary Options Tournaments. There are not a lot of brokers who offer to enter tournaments and the truth is that IQ Option Broker tournaments are the most sophisticated ones. It is pity, that binary options brokers do not develop the tournaments a little bit more. I think that it is a perfect way to bring a lot of entertainment into trading and at the same time it is also possible to a lot of money.

How Do Binary Options Tournaments work?

  • The participation in the IQ Option tournaments is not free. To enter a tournament you have to pay an entry fee which ranges from USD 5 to USD 20.
  • When you pay the entry fee, you get a predetermined amount of virtual money. Most of the times it is 10,000 or 100 USD.
  • Each tournament differs in its duration. It can take a day, a week or a month. It depends on the particular tournament.
  • The aim is to make as much profit with your virtual money as you can. The trader with the biggest profit gets the biggest price.
  • The prices depend on the number of the participants of the particular iq option tournament. The more participants the bigger prices. However it is also possible that the prices are fixed for every position in the ranking in advance.
  • If you lose all your virtual money, it is possible to recharge them for a cost of the entry fee.
  • Some of the prizes are one hundred times the entry fee. In ten minutes and with minimal costs you can earn a lot of money.
  • If you are interested in binary options tournaments and want to know some extra tips about tournaments, read this article: IQ Option’s binary tournaments

Below you can see how such tournament might look. I explained there in details all necessary information, so you can easily enter the tournaments and nothing will surprise you.

Preview of one of the IQ Option tournaments

IQ Option trading strategies

IQ Option trading strategies

Broker IQOption offers various tools and functions in their trading platform. Among these, there are also IQOption strategies. You can find them directly on their web page and they are developed by this broker. Everybody knows that for successful trading you need a strategy. Whether we like it or not, not having one is going to make an impact on our trading results. Even the developers of IQOption trading platform know that and that is why they add this section to their web.

All the strategies which you can find on the web have its own video tutorial. You can learn how to use the binary option strategies and you can save a lot of time of studying them. All the video tutorials, which IQ Option Broker offers, you can find directly in your trading platform on the right side.

I strongly recommend trying these IQ Option strategies:

  • The Three Black Crows Strategy
  • The Rebound Line Strategy
  • The Rainbow Strategy

These strategies are not the simplest ones, but I think that an advanced trader should handle using them. Anyway, in the video tutorials, you can find also some basic strategies for trading binary options. For example, there is trend line strategy, Bollinger bands strategy, etc.

More info + video tutorials about these unique strategies: IQ Option’s successful Binary Options Strategies

IQOption and their bonus

Asking for a bonus with this broker is somewhat easier and more transparent than with other brokers. Everyone who ticks the box bonus when making a deposit will receive it . You can choose from 25% to 50% bonus depending on your deposit size. Nothing more, nothing less. This bonus must be wagered 35 times. (What is bonus wagering?)

Since December 2016, IQ Option no longer offers a trading bonus. Here’s why: Big changes for the start of 2017

IQOption experience

IQOption and their advanced platform (definitely the fastest and the most advanced and reliable platform on the market) make binary options trading a game. Their platform beautifly highlights all winning trades, sends you a notification even when you’re not directly on the page of the broker, all accompanied by sound alerts and the graphs can even be edited like in Meta Trader 4 …

The minimum investment $10 and $1 minimum trade also makes a difference. Sometimes, when I’m bored, I log into the iqoption platform just to do a couple of 1 dollar trades. Because with their platform, it’s fun.

Yet, all this wonderful trading could be bad. Don’t forget that trading is a real business and apart from earning the money, you can also lose it. Good luck

How does IQ Option work? Try it!

More information on IQ Option

Pros

  • Free demo account
  • Simple to use, yet very customizable
  • Many available assets
  • Big payouts
  • Trading made easy

Cons

  • Only HighLow options trading, no exotic options available

Screenshots

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Details

BrokerIQ OptionWebsite URLwww.iqoption.comFounded2013HeadquartersLimassol, CyprusSupport TypesEmail support, Online live chat, Tickets, SkypeLanguagesGerman, English, Russian, Italian, French, And so onTrading PlatformCustom made IQ Option platformMinimum 1st Deposit$ 10Minimum Trade Amount$ 1Maximum Trade Amount$ 1 000AdvantagesFREE DEMO ACCOUNTPayoutUp to 89 % with VIP accountFree Demo Account

Regulated

RegulationCySEC and many more regulationsAccount TypesStandard, VIPDeposit MethodsCredit Card, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto, Yandex MoneyWithdrawal MethodsCredit Card, Wire Transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto, Yandex MoneyExpiry Times30s, 60s, 120s, 180s, 240s, 5 min, 10 min, 15 min, 30 min, 60 min, End of Day, End of WeekTypes of Assets120 assets, only 15 in demo modeOption TypesTurbo and HighLow optionsAccount CurrencyUSD, EURUS Traders Allowed

Mobile Trading

Tablet Trading

Overall Score100/100

Originally published at cedcommerce.com on May 17, 2017.

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