IQ Option Review

IQ Option
20-100% up to $10,000
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Overview

iq option company information iq option is a new binary options broker that specializes in offering binary options worldwide with its main focus on Russia. The iq option website is… more

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Details

Broker IQ Option
Website URL www.iqoption.com
Founded 2013
Headquarters Vasileos Pavlou, 60, Agios Dometios, 2360, Nicosia, Cyprus
Support Number London: 44 20 3318 7173 , Canberra: +61 2 6176 1808 , Singapore: +65 3108 0941
Support Types Phone, email: support@iqoption.com, Live chat, using form on website
Languages English, Arabic, Indonesian, Italian, Portuguese, Polish, Turkish, Chinese, Spanish, German, Korean, French, Swedish, Norwegian, Danish
Minimum 1st Deposit $10
Minimum Account Size $10
Minimum Trade Amount $1
Maximum Trade Amount $,1000
Bonus 20-100% up to $10,000
Payout 92%
Free Demo Account Open Demo
Account Types Demo, Real, VIP
Deposit Methods Wire transfer, creditcard, Skrill, CashU, Webmoney, Polipayments, Qiwi Wallet, LIqpay.com, EasyPay, TeleMoney, ВТБ24, HandyBank, MTC, Евросеть, Pinpay Express
Withdrawal Methods Wire transfer, creditcard, Skrill, CashU, Webmoney, Polipayments, Qiwi Wallet, LIqpay.com, EasyPay, TeleMoney, ВТБ24, HandyBank, MTC, Евросеть, Pinpay Express
Number of Assets 75+
Types of Assets Commodities, Forex, Indices, stock
Option Types higher/lower options, binary options, Digital Options, one touch options, ladder options
Account Currency You can fund your account with any currency available.
US Traders Allowed No
Mobile Trading Yes
Overall Score 10

Full Review

iq option company information
iq option is a new binary options broker that specializes in offering binary options worldwide with its main focus on Russia. The iq option website is available in English, Arabic and Russian. Everyone can signup for a iq option binary option trading account including traders from the United States. The company behind iq option is Infield Premier Limited established in 2013 based in Nicosia, Cyprus.

iq option website and user interface
The iq option website is the most graphical advanced one of all binary option brokers worldwide and has a very modern, sleek look. The iq option trading platform is designed in-house and might be a bit difficult to understand at first glance but when you are familiar with it, you will understand the pros of this binary option trading platform. iq option offers an unlimited demo account where binary option traders can practice different trading strategies and become familiar with the platform.

Traders can trade binary options within a minute on iq option. The signup or registration form only asks for your name, surname, phone number and email address. It’s also possible to just login with Facebook. This is very easy compared to most binary option brokers which sometimes require up to three pages of information. No copy of ID and/or proof of residency is required to open an account at iq option.

To practice for free on the available demo account no first deposit is required and you don’t have to contact customer support either (which is the case by most other binary option brokers). Next to the link to open a real money account on the iq option website, you will find the ”create demo account” button. If you already know you want a iq option demo account you could also just use our direct demo opening link. If you want to trade with real money on iq option, the minimum required deposit is the lowest of all binary option brokers online, just $10 or other currency! There are no hidden deposit or withdrawal fees on iq option.

iq option binary trading platform

When you open the iq option binary trading platform for the first time, it might look a bit overwhelming. In the upper left of the user interface you will find a tab system. There is only one type of option to begin with, the classic or normal higher/lower binary option. The tabs have nothing to do with the switching of different option types. Traders can click on ‘new option’ to open a second option whilst the first is still open or about to be opened. Underneath the tab system you find a big button to choose your desired asset. traders can search for a specific stock, commodity, forexpair or navigate to bitcoin trading and set a desired expiry rate afterwards. The short term binary options available on iq option have expiry rates of 1,2 and 3 minutes. Iq option is therefor suitable for short term binary option traders.

 

iq option trading screenshot 

Under the ‘assets’ button traders can choose an amount to invest in one or multiple binary option(s). The advantage of trading binary options using iq option compared to other binary option brokers is that you can invest from $1 per option instead of $5, $10 or even $25 at other binary option brokers. Now there is another unique feature on iq option, a Return Percent bar. With this bar you can set your risk, if the trade goes wrong you will receive a percentage cashback set to your desires accordingly. This Return Percent bar can be set all the way up to 60% cashback. Payouts can be up to 93% if you set the bar on 0% and weaken to about 62% if you decide to cover your exposure and thus risk to the maximum. Another convenient tool is the red/green bar that shows the expected chance you will make a profit under the Risk Percent bar.

This being said iq option is a very interesting binary option broker with 64 different assets to trade binary options on including bitcoin. Unfortunately iq option doesn’t offer futures. If you want to trade futures anyoption or TopOption might be a more suitable binary option broker for you. Another small con is that iq option doesn’t offer trading tools like early close, double up and roll over. However, with short-term expiry rates between 60 and 180 seconds this is not really necessary. iq option has recently added a education sector to their website and publishes new binary option trading strategies and trading signals weekly.

iq option has designed a very sleek and modern app accessible on both Android and iOS smartphones and tablets. On tablet the iq option option trading platform looks very nice and matches the size of your tablet. However, on financial forums I have read that some binary option traders experience a small lag when trading on their tablets and/or smartphones.

 

Download the iq option app for iOS and Android
 

iq option bonus and promotions

iq option offers a very minimal bonus on first deposits of new binary option traders. This is very good. You might think: if I deposit $10, I wanna start with $20 but then you will (like at most binary option brokers) not be able to withdraw your funds until the bonus is cleared or played through. Mainly because of this reason iq option tries to be different than most binary option brokers by offering a minimal bonus of just 20% upon your first deposit, with low play through requirements. As a VIP (first deposit above $1000) you can set your bonus percentage yourself. From 20% for inexperienced binary option traders, up to 100% for seasoned binary option gurus. Most experienced binary option traders will opt for the highest possible bonus of 100% because they know if they deposit $5000 they will play the bonus through anyway with funds they might later deposit extra.

iq option tournaments and contests

From time to time iq option organizes trading competitions and contest where traders can participate in freely or with a certain buy-in. All trading competitions are free to attend for VIP account holders. The free to participate contest have small prize pools between $250 and $1000 whilst the buy-in required ones have huge payouts from $50,000 all the way up to $100,000. Nice extra whilst your trading binary options and you’re good at it!

iq option 24/7 trading in binary options even during holidays

On iq option traders can trade 24/7 in binary options, even during holidays, an extremely unique feature of iq option compared to other binary option brokers. In holidays binary option traders trade each other instead of the regular market.

iq option personal account manager

From a minimum required first deposit of $1000 (the VIP account minimum) traders will be assigned a personal account manager that educates you in the successful trading of binary options. Together with your account manager you will learn bank roll management according to your budget and several risk hedging strategies.

iq option reliability

iq option is a fairly new binary option platform but already very different and unique compared to it’s competitors. Therefor we encourage to comment feedback on this broker as soon as possible. iq option is regulated by CySEC in Cyprus and is fully licensed. Also on forums and financial review websites there are no real complaints. iq option has no known scam history and can therefor be trusted as a binary option broker for the time being.

iq option review conclusion

iq option has pros and cons. The lack of long term binary options and a few important assets are cons. On the other hand, the extremely low minimum first deposit required of just ten bucks and the wide range of deposit and withdrawal methods is very competitive compared to other binary option brokers. As a matter of fact there is no other binary option broker with such a low minimum required deposit as most other binary option brokers have $50, $100 or even $250 as minimum required deposit. iq option might add long term options in the near future and/or extra trading tools, which will make it one of the best binary option brokers available worldwide. With an unlimited demo or virtual money account people new to online binary trading could practice for weeks or even months before making a deposit. For now we can’t say anything bad about this broker and with a minimum required deposit of just a tenner definitely worth trying.

 

 

✓ Lowest required minimum deposit of just $10
✓ Trade binary options from as low as $1 per option
✓ High payouts of up to 93%
✓ Manage risk and ROI with Risk Percentage Bar
✓ Practice for weeks with an unlimited demo account
✓ Regulated and fully licensed by CySEC
✓ No scam history

Register for free and get a $100,000 demo account

Pros

  • Low minimum deposit of only $10
  • Minimum investment per option only $1
  • Highest payouts in industry up to 92% on standard options

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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