"I currently use IQ and think it's spot on."

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Broker Information

  • Company Name: IQ Option
  • Founded: 2013
  • Country: Cyprus
  • Phone: +442080680760

Platform Info

  • Platform: IQ Option
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: CySEC
  • Minimum Deposit: $10
  • US Clients: No
  • Funding Methods: Bank Cards, Credit Cards, AstroPay, Webmoney, Skrill, Neteller and others depending on the GEOs
  • Pairs Offered: 87+

IQ Option Review

One of the leading representatives of the binary options trading industry, in recent years, IQ Option has realized that they needed to diversify product selection. Binary options have never been known as particularly inspiring of confidence and the business model on which they are based is fraught with a fairly obvious conflict of interest. This combination ended up creating a bit of a toxic reputation for brokerage, a reputation that they have managed to establish for the most part, in recent years. The brokerage has diversified into currency exchange operations, CFDs, ETFs and crypto currencies, and apparently this was practically what the doctor had ordered in terms of reputation.

IQ Option has always been known in the commercial community for its accessibility and its attractive commercial conditions, characteristics that have been preserved to this day. Even when the majority of their peers demanded minimum deposits of $ 200 to $ 500, they offered binary options accounts for only $ 10. The spreads on their Forex and CFD products are some of the best in the commercial industry, so far from today.

With the foregoing in mind, it is not exactly surprising that the brokerage has grown by leaps and bounds, even when the course was difficult for the reputation. From approximately 950,000 accounts in 2014, IQ Option has grown to more than 14 million accounts in 2016. From around 200,000 transactions per day in 2014, they now handle more than 3 million. From a monthly trading volume of $ 10 million in 2014, more than $ 11 billion flow through the brokerage on a monthly basis, at this time.

Perhaps the most spectacular metric with respect to the growth of IQ Option is the geographic coverage of the operation. From a few countries in 2014, brokerage services are now available in no less than 178 countries.

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The IQ Option trading platform

Unlike most of its industry peers, IQ Option has not been uploaded on board a conventional trading platform like MT4. They still have their own platform developed by the company itself, which is doing a good job in the field of mechanics, although in reality it lacks something in the analysis / graphics options department.

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

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

In addition to the features focused on the actual opening / closing of the positions, the IQ Option platform offers an overview of the open positions, as well as an Operations History section. It also offers a chat section and blogs, which is where the social side of the brokerage comes into play.

Through the commercial interface, IQ Option clients can also access an impressive number of video tutorials, which detail various methods of analysis and offer advice on the internal functioning of the platform.

The selection of the graphing tool allows traders to choose between Area Graphs, Line Graphs, Candle Graphs and Bar Graphs. Obviously, these are useful for locating various graphics patterns. To this end, a series of graphic tools are also provided. These include Fibonacci lines, trend lines, horizontal lines and the simple line. There are a total of 12 technical indicators available (and operators probably can not install more). These include the Bollinger bands, the MACD, the MA, the RSI, the parabolic SAR and, obviously, the stochastic oscillator.

As an Option IQ operator, you should keep in mind that many of the “classical” technical analysis methods simply do not work in the cryptocurrency vertical, since this new asset class has its own way of evolving its prices.

The conclusion with respect to the platform is that, although it may not be the most novel in terms of graphics and analysis, it offers traders a very attractive and functional way of approaching their business and interacting with the community.

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IQ Option Products

IQ Option has recently expanded its product offer quite radically. While they have retained their offer of binary options, their approach seems to have changed to vertical cryptography. We have to take into account the fact that, while the IQ Option website mentions something about customers who actually buy crypto currencies, the trading platform only supports cryptocurrency-based CFDs.

There is a separate section for Crypto CFDs, which has 13 assets. Most of the market capitalization cryptocoins are admitted, starting with Bitcoin and Bitcoin Cash, and ending with IOTA, Dash and Monero.

The CFD section focuses mainly on cryptocurrencies as well. While in the cryptographic sections, all virtual currencies are paired with the US. In the CFD section, crypto / cryptography pairs, such as LTC / BTC and ETH / BTC are also available.

The Forex product category is the largest in the broker. It has 22 currency pairs, from the most commercialized to the exotic.

The binary options section is simply called “options” these days and brings 23 negotiable assets to the table. This asset selection mainly covers currency pairs, but also includes some indices, commodities and stocks. It is said that the return percentages of these options are close to 95%, but in practice, they tend to be somewhat lower, covering the range of 85-95%, and yes, that also applies to popular currency pairs such as the EUR / USD. .

Digital options are special options that offer return percentages of up to 900%. This section of the product selection exclusively covers currency pairs.

IQ Option Regulation

Yes, the IQ Option has always been regulated. They acquired their CySEC license in 2014. Their license number is 247/14. What all this means is that the operation has been considered compatible with MiFID by the Cyprus Securities and Exchange Commission. This makes it clear that IQ Option is free to sell its financial services throughout the EEA (European Economic Area). The brokerage is registered with the majority of the largest European regulators, such as the FCA of the United Kingdom, the Consob of Italy, the BaFIN of Germany and the Regafi of France.

Trading Tools

In addition to the trading tools that can be accessed directly from the trading platform, as detailed above, IQ Option apparently also tried to provide its clients with a kind of economic news section, aimed at highlighting trading opportunities. The reason why we call this a simple “attempt” is that this news section does not seem to be updated properly and regularly.

The sub-section dealing with cryptocurrencies is the most up-to-date, once again, underlining the operator’s focus on this new financial vehicle.

Support

The IQ Option support can be accessed through a large number of free regional telephone numbers. Customers can even send an email directly to the CEO and the CAO of the operation. The IQ Option headquarters are located at the Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus. The general support email is [email protected]

IQ Option Conclusion

IQ Option is, once again, a main destination for the trading of CFDs based on cryptocurrencies, as well as Forex. The commercial conditions are exceptional in all its products.

Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.

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