IQ Option is in many ways an unusual binary options broker. Accounts are a bit different, features are available already with minimum deposits, trading platform is customized. But all these things are mostly positive since it means that trading with IQ Option is trading with an innovative broker which offers excellent service and advanced trading environment. We were very pleased with results after the IQ Option Broker review, and we recommend this broker for all our readers.Q Special Features
In the beginning of the IQ Option broker review we already mentioned that this broker really offers something innovative. They were the first broker to offer a totally free demo account. They also lowered the minimum deposit amount to $10 and increased maximum returns to 92 percent. They also offer many other interesting features that get unlocked at really low deposit amounts. IQ Option is really a broker for newcomers, with free demo account or low deposit requirement on real accounts. The risk is fairly low since there are also cash back tools. There are no excuses now, even for the most risk averse people not to trade binary options.
There are three account options with IQ Option. As usual, all accounts require certain minimum deposit amount to unlock extra features, but with IQ Option these requirements are so low that users can get to VIP account services after depositing only $1000. Overall in our IQ Option broker review we found the platform very user friendly since the real goal seems to be to educate clients for them to achieve better results.
This drive can already be seen with the IQ Option Free Demo Account which is the basic starter account type. We started our IQ Option review with this account type too in because it was so easy to sign up and no deposit was required. While usually the demo account acts just as a starter feature with deposit ready accounts, here it constitutes a standalone product package which includes:
- introduction webinar
- $1000 virtual funds
- no risk
- an opportunity to test the platform.
When signing up one can use Facebook or Google+ for faster account creation. We got our activation mail but the activation link didn’t work. If users encounter this minor glitch, they can always use the supplied password to log in manually.
IQ Option Real Account
- starts already with a $10 deposit.
- Users get cashback option up to 45%
- access to all assets
- weekly webinars
- bonuses of up to 80% on each deposit
- access to trading competitions
- If users deposit $100 and more they also get trading signals.
As we already noted in this IQ Option review, the
IQ Option VIP account
- starts already from $1000 deposit
- up to 60% cashbacks
- VIP webinars
- free trading signals
- 100% maximum bonuses on each deposit
- fast withdrawal processing*
- personal account manager
- monthly analyst meeting to discuss trading strategy.
Starting the trading career just got a lot easier and cheaper. After readers see our IQ Option review we are sure many will take up trading binary options since this is one of the easiest ways to start.
In addition to the services offered trough accounts, all users have access to an interactive web based education system that is available in multiple languages, like English, French, Japanese, German, Polish, Romanian, Turkish and more.
The insurance varies from option to option and users can unlock this option by opting for the Real or VIP account. IQ Option was also awarded for its innovation efforts by its peers, as “Most Innovative Binary Options Broker” on Show FX conference in Moscow.
Minimum Deposit: $10
Currencies: USD, AUD, CAD, EUR, GBP, NZ$, RUB, YuanMax
Minimum Investment: $1
Maximum Investment: $1000
Bonus Trading Terms: 25x
Trading Software and Assets
Trading with IQ Option is really an excellent experience. Our regular readers know how much we value whole page trading platforms, so they will understand why we were thrilled to use it during our iqoption review. Actually it is wrong to call IQ Option trading solution “whole page,” actually it is just a part of the user platform solution that IQ Option offers. When users login into IQ Option they are immediately taken to the trading platform and all other links and tools are accessible form the left side menu.
On the right side is the trading navigation pane where users can place trades while the center is reserved for the huge graphing tool. Users can choose between two types of binary options on the left side. The small bubble with the number next to each type shows the number of open positions. Graph controls need some time getting used to since zoom and move controls work independently. Depositing and withdrawing panes are also part of the interface. They are excellent. Users can choose level of bonuses with deposit so there is no need to contact the support.
On the bottom part of the interface is the list of trades other users are entering real time. It can help user to gauge the direction where market is going even though it doesn’t aggregate the sentiment like the SpotOption platform.
IQ Option also offers a mobile version for users who want to trade on the go. Mobile app is available for android and iOS and can be downloaded for free from their respective app stores. Small drawback of the platform is that it only offers high/low options and turbo options. There are no exotic options with super high returns. We would say that IQ Option is a trading solution more adequate for newcomers and intermediate level traders.
Asset list includes 22 currency pairs, 7 indices, 46 equities and gold. This will be more than enough for traders to develop a diversified portfolio to withstand even higher market volatility.
Support and Services
Support with IQ Option works somewhat different from what the users may be used to if they traded with any other broker. Users who are VIP account holders will get an account manager who will help them with any issues they might have. Demo account holders will need to upgrade to iqoption Real account to contact the support. But, what is different here is the absence of a live chat and phone contact from the support contact options.
Users can contact the staff via email and Skype. Our readers know that we support any broker who introduces Skype or similar widely used messenger/call app for contact since more and more users find it more convenient to use them. We used it in our IQ Option broker review without problems, but we are unsure how will users with desktop computers and without mic/camera equipment be able to leverage direct contact with the customer support. This is probably a minor issue since most users have laptops today.
Website supports a range of languages, English, Spanish, Indonesian, Italian, Portuguese, Russian and Turkish. FAQ is very detailed and will help anyone with general questions about IQ Option.
Banking and Company
We already mentioned how banking with IQ Option is very easy. All functions — withdrawing and depositing, as well as bonuses and payment type choice are accessible trough the same control interface presented after user logs into the account. Deposit pane lists amount that are available for deposit, and as already mentioned in iqoption review, users can also choose the bonus amount that goes with the deposit amount. When withdrawing, the process is similar and only takes few clicks to finish it. Users choose the withdrawal service, amount and send the request.
Users with IQ Option Real account will see their withdrawal requests processed in max 3 business days, while users with VIP accounts will have their requests processed within 24 hours. Users can use wire, credit card or Qiwi, WebMoney and Yandex to withdraw funds. For both deposits and withdrawals, credit cards supported are Visa and Maestro. Of net wallets, IQ Option supports Skrill, CashU, WebMoney and POLi.
Deposits are generally free, while withdrawals can carry a $5 fee for credit card and $50 fee for bank wire withdrawals. Minimum withdrawal is just $10. In their control panel users can track all the trading and operations history.
The company behind brokerage, Alta Vista Trading Ltd, was very helpful during our IQ Option broker review.
Deposit Methods: Visa, Mastercard, Bank Wire, Skrill Moneybookers, POLI, CashU, Maestro, WebMoney
Cashout Time: 1-3 days
HQ: Alta Vista Trading Ltd, 306 Victoria House, Victoria, Mahe, Seychelles
Nationalities: All but Japan and US
Online Since: 2012