The trading platform went live in 2013 and ever since that time, it’s grown by bounds and leaps.
Reputation & Regulation
Even though a younger player in the game, IQ Option has garnered a lot of accolades praising the quality of its services. It’s been recognized as one of the top agents in the business and a one clients can rely on. To reinforce its image as a trustworthy agent, traders will be delighted to find out that IQOption is a controlled broker under the authority of the Cyprus Securities Exchange Commission (CySEC) under the title of holding firm IQ Option Europe.
Being a regulated broker under CySEC, this means that IQ Option is a MiFID compliant broker. To put it differently, IQ Option is allowed to provide its services to customers inside the EEA. Another advantage for customers of being controlled by CySEC is the fact that IQ Option is a part of the Investors Compensation Scheme. Thanks to this, every one of IQ Option’s customers’ funds is shielded to a maximum level of 20,000 euros.
However, if the client is outside the EEA, their balance is handled by a sister company. This company is located in Seychelles and is regulated by the FSA (Seychelles Financial Services Authority). It goes by the name named IQ Option Ltd.
As opposed to opting for a typical trading platform, IQ Option has selected to supply its customers with a proprietary platform designed especially to cater to their trading needs. The identical platform is utilized for CFDs and also for binary options trading. Well made to be user friendly, the platform comes with a huge chart that’s a fantastic aid for dealers who would like to track the conditions at the markets.
Additionally, the platform has a vast choice of trading tools which are usually not found on binary competent trading platforms. A number of the innovative trading tools which we are able to observe are popular technical indicators like Moving averages, Bollinger Bands, MACD and RSI.
IQ Option often adds new attributes to the platform to offer traders greater flexibility. One such attribute is that the ‘position top-up’. This permits a trader to maintain a trade open if it’s coming to a stop loss. It supplies the trader more scope to permit transactions to recuperate prior to being closed. It has to be used responsibly, but provides dealers new risk management or trading plan choices.
For dealers who cannot stay at their trading terminal, they could install the smartphone trading application that’s been supplied at no charge from IQ Option. The mobile trading application that has been designed particularly for various mobile devices, enables traders to assess their account status and keep updated with the news in the industry and to execute trades.
Trading Accounts Offered
Unlike many CFDs and Forex agents, IQ Option has opted to provide 3 kinds of trading accounts, a standard trading accounts, a VIP account and a demo account.
To start a standard account, just a minimal deposit of $10 is needed. The VIP one requires a min $1900 deposit, or its currency equivalent, but a $15k trading volume.
The two kinds of trading accounts entitle the dealer to take part in the IQ Option’s weekly trading contests. On the other hand, the VIP accounts will entitle the customer additional trading advantages such as a free participation in the trading promotions, 3 percent added returns and the support of a private manager.
Prospective traders who would like to test the platform can initially subscribe to the trial account. It’s supplied at no cost and does not need any “pre-deposit” like a few agents are requiring from their customers. The demo comes with $1000 practice cash that you may use to do your practice transactions.
Bonuses & Promos
In accord with CySEC’s regulations, IQ Option no longer provides any type of deposit bonuses. The only sort of promotional supply which traders in IQ Option can take part in is trading contests that they may join for a entry fee. Prizes for the contest are from about $100 to circa $100,000.
Assets At IQ Option
Presently, traders in IQ Option can trade in 90+ various kinds of underlying assets. This includes various currency pairs, stocks, market indices and commodities. Lately, IQ Option has also added a collection of 12 distinct kinds of cryptocurrencies for the customers to exchange in.
The listing of markets accessible to tradeis continually growing. Lately, the company expanded their listing of shares and stocks and took the total beyond 150. Anticipate that growth to continue in every area. IQ also spread markets across all goods, so items like Oil, Silver and Gold were inserted to Digital trades asset listings.
Minimum trade sizes do vary with every item. Forex CFD has a $20 min trade size, FX Options $30 (rr Euro or GBP equivalent), but overall digital options and binaries can be opened for $1.
FX Options are a really new item. So new, that they’re currently only accessible over the five big currency pairs.
Offered at EU regulated markets, they provide fixed risk investments, like binary options. There’s a fixed expiry for every FX option and the possible payout will be dependent on the underlying asset price. So where a trader thinks a strong price movement is imminent, payouts hit 2000+ percent.
Since the expiry approaches, payouts can rise as these choices are influenced by the same delta, and gamma values as normal choices. Even though there’s a $30 min transaction set on FX alternatives, they might be sold up until expiry.
These are a terrific way for EU dealers to still get fixed risk transactions.
Surely, as they grow in popularity, the company will include more market and expiry times (just 1 hour expiries are available now)
Another revolutionary product delivered by IQ is the Cryptocurrency Multiples. These efficiently work just like a leveraged trade, so cost movements in the underlying assets are amplified. IQ Option first introduced this notion using Bitcoin x 100. This means the amplified costs are moved by 100 times. This leads not only to great opportunity, but also risk.
This item was so hot, that IQ have expanded the notion of Ethereum, IOTA, Ripple and many others. This is only available to Non-EU Traders. On Bitcoin, the multiplier factor ranges from x 20 to x 100.
Trading Costs And Charges
IQ Option are transparent with their charges and costs. If you want to know how much will trading with them cost you, check out the list below”
- Spreads – This can be variable and will depend upon liquidity, volatility as well as the time of day.
- Swap Fees – All these are penalties applied for positions held overnight. Charges are from 0.1 percent to 0.5 percent and will be greater when positions are held over the weekend.
- Dormant Account Charges – When an account is inactive for 90 days, IQ will begin employing a fee of $10 (or currency equivalent) monthly, assuming the account balance is over zero.
- Withdrawal Charges – There aren’t any fees on nearly all payment service providers, but bank transfers usually draw a cost of $31 (or currency equivalent).
- Commission – On some cryptotrades, a 2.9% commission will be charged. This fee doesn’t apply on any additional asset.
Among the main plus points of IQ Option is their client service. To make sure that traders in IQ Option can find the help they want each time the need arises, the agent has made its service services accessible 24/7. Clients could contact the support staff through email, live chat or phone. Fret not if you don’t speak English well, since IQ Option also caters to non-English speaking traders.
Deposit & Withdrawal
For the financing of trading accounts in IQ Option, the agent has provided support for many procedures of fund transfer. These methods include transport by credit cards, ewallets and bank wire transfer. Popular choices like Neteller, Skrill, Perfect Money and Webmoney are approved eWallet methods.
Withdrawing money can be done the same way as the client deposited it. The process of withdrawal requests normally require one day but may be as quick as a couple of hours when the withdrawal system is by eWallets. For credit cards and bank wire transfer, the whole withdrawal procedure can take as long as 10 business days to be finished.
IQ Option saw the opportunity to expand within the Asian area. Because of this, bank transfers are now possible from a wide assortment of banks in this part of the world:
In Thailand, Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank and Bank of Ayudhya are eligible for bank transfers. Also, Government Savings Bank and TMB Bank can be an option.
In Vietnam, Vietcombank, Asia Commercial Bank, Bank for Investment and Development, Techcombank, Vietin Bank, are eligible for bank transfers. Moreover, Sacombank, Donga Bank, Eximbank can be put in use.
In Indonesia, Central Asia, Negara Indonesia, Rakyat Indonesia, are eligible for bank transfers. This list also includes CIMB Niaga and Mandiri.
In Malaysia, Maybank, Hong Leong Bank, RHB Bank, Public Bank and CIMB are eligible for bank transfers, as well as AmBank.
In Philippines there is the option of Help2Pay – Supports both BDO (BDO Unibank) and MTB (Metrobank).
Some South African options are added too:
In Brazil, Jeton Wallet (Supporting Boleto Bancario) and AstroPay (Boleto, Itau, Bradesco, Banco do Brasil, as well as Caixa, Santander) are eligible for bank transfers.
In Argentina, the choice can land on AstroPay (Supported banks; Pago Facil, Santander, Banco Galicia).
Perfect Money is a legitimate alternative in Nigeria and Pakistan also, in addition to portions of Europe and South America, including Columbia.
Jeton will support IQ Option traders from India. A variety of banks catering to South African traders also has been included. In mainland China, Hong Kong, Macao and Taiwan, China Union Pay can overlook withdrawals and deposits.
Is IQ Option acceptable for reviewbrokers.online?
Among the most crucial components to think about if you’re trying to find a broker to do reviewbrokers.online are the sort of instruments which are readily available for trading. IQ Option offers CFDs that allow traders to open and shut their market positions at any moment – this makes it the right agent for trading. Additionally, the broker is well controlled and this also helps to make sure your money is going to be dealt with ethically and professionally.
IQ Option accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Norway, Sweden, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can’t use IQ Option from United States of America, Japan, Israel, Turkey, Belgium, Russian Federation, Australia, Canada, Germany, Italy, Netherlands, Romania, Spain.