IQ Option Review 2017
What are Binary Options? (with video - click to enlarge)
Sometimes traders tend to thinking that binary trading may be especially complicated and that a lot of special skills are needed for it. But binary trading may make it surprisingly innovative to trade commodities, forex and stock indexes without too much of a risk – in regard to the minimum trade size.
The traders only have to answer the question if they think that at a certain time the price of a market will rise above a certain value.
In this specific way of trading, there are prices from $1 to $100 and the price that the trader decides to pay is the maximum risk that he will have to face. He can be sure that in the end he won't lose any more than this. If the investor's answer to the question was right and if he has held the option to the expiration, the amount he has chosen reduced by the price of the purchase will be his benefit.
IQ Option - One of the best trading platforms for binary options traders
The number of users trading with IQ Option growing so amazingly fast shows quite clearly that the web-based trading platform must be quick, innovative and gently to handle.
And of course the access is possible via laptop or computer and also by using all kinds of mobile devices.
On the plus side there is a long and helpful list of advice for well informed and successful binary options trading. And even better, there is a free binary options demo account, a big advantage that most of the competitors don't offer. I will introduce this in the next point.
IQ Option - Completely free demo account for everyone
Yes, IQ Option offers the opportunity to register for a free demo trading account. After signing in to this, the users are able to start practicing to learn more about binary options trading, about the meaning of all indicators and markers and about the most effective way to read the charts.
There are also explanations of all the variables that may influence the trades, like e.g. global political or financial events.
The trading process is explained in a helpful step-by-step guide to help potential new clients to understand how to use the platform in the best way and to get familiar with the trading patterns and methods that IQ Option is offering. This will surely make it easier to find out if the platform meets the trader's needs and preferences.
With the help of the free demo account that IQ Option is offering, the investors are able to experience binary options trading without any financial risk. To give the users an authentic impression, the demo account is completely similar to a live account and it contains exactly the same real-time information.
IQ Option even encourages traders first to start with the options trading simulator to feel comfortable when the binary options day trading on the platform will start for real.
Aston Martin Racing - official iq option partner
Traders who are interested in motor racing may like to hear that IQ Option calls racing its passion. That's why it has a partnership with Aston Martin Racing.
Lately, Aston Martin's racing team has won the World Endurance Cup for GT Drivers and the FIA Endurance Trophy for LMGTE Pro Teams.
Top 9 advantages of IQ Option
IQ Option being registered and regulated by CySEC, the Cyprus Securities and Exchange Commission, and operating in accordance with the European law and rules
IQ Option being a member of the Investor Compensation Fund that protects and secures the customers' funds that are stored in separated, secure bank accounts
The many different awards and the fact that IQ Option belongs to the fastest growing binary options trading platforms proving its good reputation
The web-based trading platform being quick, innovative and gently to handle
The constant improvement of the company's customer service
The free IQ option demo account to test the platform and to practice before the decision about a live membership
The outstandingly low minimum deposit of only $10
The free tutorial videos and the helpful advice for binary options trading being available for everybody
The fast access to the accounts via laptop, computer, tablet or smartphone – from everywhere and by day and night
IQ Option – My personal summary
Especially because of all the proven registrations and awards and because of the fact that IQ Option is regulated by CySEC, following the European financial rules and laws, I am willing to believe that IQ Option belongs to the very best and most trustworthy binary options brokers of all. Also the impressing numbers showing how amazingly fast the company is growing seem to underline the high quality of IQ Option's service and products.
In my opinion, the free demo account and the free tutorial videos and the useful advice for binary options trading being available for everybody without signing in are a very big plus.
Since binary options belong to the most risky ways of trading of all, it is absolutely fair to offer interested investors these great opportunities to get familiar with the basics and the handling of the platform before getting serious with a real account and with real money.
I appreciate it that IQ Option doesn't try to make money with education like many of the competitors in the market.
It also sounds honest that IQ Option doesn't make any promises about getting rich fast and easily that nobody could ever keep, especially not regarding binary options being connected with a bigger risk than other ways of trading. I recommend all interested traders first to make the most out of IQ Option's free offers to gain more knowledge and information before they will make up their minds about investing money in binary options.
The many important awards that IQ Option received so far and the constantly improved customer service make another remarkable advantage. If you are interested in starting with binary options trading, IQ Option seems to be one of the best possible choices that you can make. Check their website out, get your own impression and don't hesitate to challenge the customer service with all of your possible questions!
More info & frequently asked questions
Are there any brokerage trading fees?
As mentioned above, every interested trader has the chance to open a free demo account. As soon as the trader is registered, he will automatically get the free demo account and, at the same time, a real account for trading.
When he decides to start trading with real money, all he needs to do is to deposit the amount he has chosen and he can start immediately. All through the time of their membership, the investors may switch between their demo account and their real account.
IQ Option states that its business is based on an equal number of traders who buy and who sell and that the provider lives from the commissions being based on the total trade volume.
So far IQ Option doesn't charge any deposit fees, any commission fees or any withdrawal fees while withdrawals of less than €2 may not be processed and so, €2 are the IQ Option minimum withdrawal.
Does IQ Option offer their clients any educational resources?
On the platform, IQ Option offers the so-called “Ultimate Trading Hub”, the IQ Option tutorial consisting of 21 free videos to learn the basics and more about binary options, a section with a list of advice for binary options trading and an additional FAQ section with the title “Binary options trading explained”.
These features are meant to help the users to improve their skills and to study their preferred market by using as much significant data and information as ever possible.
All of these options for education are for free and also interested traders who didn't sign up yet have full access to them.
Beside this, the members have the opportunity to exchange their personal opinions and experiences in the IQ Option blog, but the free demo account that IQ Option offers may still be the very best and the most effective way for traders to practice and to gain more experience and knowledge.
Which kinds of financial markets are tradeable with IQ Option?
The users of IQ Option's binary options trading platform have the opportunity to execute the following ways of trading:
Stocks are shares in companies that help them to gain more capital. The success of the companies determines the value of the stocks. If the companies are successful, more investors will be interested in the stocks and the price will rise. If they will be less successful, the investors may want to sell the stocks to cut further losses and the price will go down. Well informed decisions are offering the investors the chance to buy and to sell stock at the right time. IQ Option offers various binary options being based on stocks, like e.g. Apple.
In an index the assets are collected to perform in a specific sector. Indices move more in points than in currency as they don't have a specific value while they display the movements in the whole market. Indices are not traded directly. Here the investors speculate on these market movements. As indices are not connected with a certain stock or asset and as they are not reacting too much to global events, they use to show less significant ups and downs and they may be considered as a more stable investment. IQ Option offers tradable binary options being based on indices, like e.g. the Dow Jones 30.
This way of trading is connected with the price of physical goods, like e.g. of oil, metal or grain. So, sommodities are highly depending on international political and environmental events. IQ Option also offers the opportunity to participate in movements in underlyings like e.g. gold, that are tradable as binary options.
Here the investors trade currency pairs, like e.g. USD/EUR. The investors in this way of trading need to understand the movements of the currency market to be able to make the right decisions for buying a currency pairing in a long position or for selling it in a short position. There are many similarities to forex trading, but in this way, no real currency is used and bitcoins replace real money for the speculation.
IQ Option provides its clients with continuously updated information about all these markets.
IQ Option – How is the binary options broker registered and regulated?
As mentioned before, IQ Option is registered and regulated by CySEC, the Cyprus Securities and Exchange Commission.
So, it is not regulated according to the laws and rules of the U.S. and it is not usable for citizens of the U.S.
It offers European and international clients the certainty to fulfill all legal requirements of the Republic of Cyprus and of the European Union and to operate in accordance with the international financial standards. Due to this, the users' funds are protected.
In addition to this, on the platform interested traders may read the complete list of the many more organizations where IQ Option is registered.
For the users may feel even better, on the website they will find a quite impressing number of awards that IQ Option received lately. For example, this includes the:
- IAIR awards for the best binary options broker and for the best trading app
- WMA award for the best app for mobile trading
- Global Banking & Finance Review's award for the best binary options broker in Europe in 2015
- IFM award for the most innovative binary options platform in 2015
- Global Brands' Review award for the fastest growing binary options brand
Ant these are just a few examples of many more.
Beside this, the website contains a list of press releases mentioning IQ Option that are also proving the good reputation of the company.
Why is IQ Option a good choice?
Compared with other providers of similar services, IQ Option shows some advantages that are worth it to be considered:
- It is highly important to IQ Option to confirm that the company fulfills the country's legal requirements and that it operates according to the international financial standards to make the users feel more secure and to protect the funds they invested. To prove this, IQ Option is licensed by CySEC that watches the activities of financial services to make sure that they operate in accordance with all rules and laws of the Republic of Cyprus and also of the European Union.
- In addition to this, IQ Option is EEA-authorized. This means that the company is licensed and regulated in Cyprus being part of the EEA (European Economic Area), allowing IQ Option to offer its services and products also in other countries. On the website the users will find a list of all organizations where IQ Option is registered.
- IQ Option is focused on protecting the funds that its members invested. That's why it is member of the Investor Compensation Fund that protects and secures the customers' assets even if the brokers are not able to fulfill their liabilities. There is detailed information about this being available on the platform. Beside this, IQ Option deposits the members' funds in separated bank accounts to store them securely.
- IQ Option is growing in an amazingly fast way. In 2014, they had about 1 million accounts, in 2015, there were about 2.5 millions and in 2016, more than 14 millions of users had signed in to IQ Option. Also the trades per day are rising constantly on this platform. It started with 200,000 trades by day in 2013, there were one million deals per day in 2014 and in 2015, three millions of trades per day were done while the trade volume grew by 50 times from 2013 to 2014 and by 10 times during the following year. So, of course also the monthly payments to the users increased in a significant way – by more than 14 times from 2013 to 2014 and again by 3 times from 2014 to 2015. According to all this, in 2016, IQ Option changed the handling of withdrawals that enabled the company to handle 72 % of all requests for withdrawal all at once. While IQ Option started working with only four members of the CIS, in 2016, traders from 178 countries from all over the world were using the platform.
- IQ Option goes on improving its customer service continuously. Back in 2014 when the support service was launched, the users still had to wait for an answer from the support team for about seven minutes. In 2015, this time of waiting was reduced to four minutes and in 2016, the support team was able to answer within about 46 seconds. Also the processing time for support tickets went down in an amazing way while the number of employees in the support team increased from two in 2013 to more than 10 specialists in 2014 and to 50 in 2016.
All of these examples prove the fact that IQ Option is truly focused on fulfilling the wishes and needs of its clients.
iq option | Main advantages
- The registration and regulation by CySEC, following European rules and laws
- The free demo account and free education for everybody
- Good reputation being proved by various awards and press releases
- Fast access to the clients' accounts via computer or mobile devices
- The continuously improved customer service and the large selection of FAQs
iq option | Main disadvantages
- The general high risk of binary option trading
- The need of an excellent knowledge about binary options trading to be able to face the risks
- Binary options only being suitable for speculation, but not for investments