Every trader will need to find their own system, and the unlimited demo at IQ gives traders a better ‘sandpit’ than vs Plus500 for example. Both types of trading account entitle the trader to participate in the IQ Option’s weekly trading competitions. And most of the people who also trade there are active traders.

According to client reviews, the IQ Option platform is an uplifting experience; there are visually appreciative and most traders deal directly from the charts. The trading platform provides an outline of every trader’s open positions, as well as their trading history. There is also a section for Chats and Blogs, which is the highlight of the social side of the brokerage firm.

Its workflow is similar to a leveraged trade, where asset’s price movement are maximized by a multiplier. The concept of cryptocurrency multiplier was first used by Bitcoin X 100. It boosted the price movement by 100 times leaving room for a great trader opportunity as well as risk. IQ option offers different order types and stop loss tools.

Okay platform

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The trading platform used by IQ Option is an in-house creation, and it is very handy indeed. Though it is definitely not an MT4 when it comes to analysis and advanced charting options, it is not half bad. It allows the displaying of no fewer than 9 charts at the same time, and it lets traders add and remove assets at the click of a button. The binary vs forex debate is another complex argument when looking at strategy – it will always come back to the trader, their risk appetite, and their favored length of trade.

IQ Option remains an unregulated broker operating out of St. Vincent and the Grenadines. The SVGFSA maintains the responsibility of IBC registrations but does not provide regulatory oversight over brokers, as the current legal iq option broker review requirement does not require that. IQ Option does not offer independent audits or confirmation of its performance claims. Given the foregoing, this unregulated broker resembles many aspects of its binary options past.

• Offering an exciting selection of new products, the operator has retained its attractive platform, and the trading conditions it offers are quite possibly among the best in the industry.
• Apart from the mobile application, the system supports the PWA or progressive web application.
• IQ Option constantly boasts about their 24/7 fast response of their customer service, responding in 46 seconds and resolving all issues under 30 minutes.

Once verified, the withdrawals are processed in 1 business day. To reduce the risk, the software allows the clients to choose from a range of order types. Doing so allows them to enjoy a custom trading experience as well as to create trade strategies including short-term, medium, or long-term. Recently, IQ Option launched a product named ‘Cryptocurrency Multiplier’.

Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting. IQ Option uses a safe and secure process to deposit money. Traders can deposit their money through Visa Electron, Maestro, Visa, MasterCard, Skrill, Neteller, and WebMoney. The Digital option is the latest product of IQ Option, which is also included in this platform. Also, it can be easily downloaded from Google Play Store or App Store, and it is available on the official website, with the format.EXE file of just 11.9MB.

Unfortunately, IQ Option does not have the widest asset variety. Other platforms such as Plus500, XTB or eToro offer more options. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds.

IQ Option Deposit Options

Their proprietary mobile app, works in similar way to the desktop platform. The app is available for both Android and iOS operating systems. The Demo Account gives traders the option to trade and not worry about financial repercussions, with virtual funds up to ten thousand dollars.

Be careful not to trade thinking that you are on the demo account whilst actually being on the real account. This is certainly of great help when deciding whether IQ Option is for you or not. If you’re a finance professional, you’ll also be able to trade with options.

IQ Option Reviews

Some countries are able to open and use accounts but are limited with regard to mobile app access. IQ options platform allow the user to trade with different assets, so make your first trading today. IQ Option is a trusted broker, and millions of new and active traders can get great online brokers.

The demo version is perfect for the new users to get used to this platform. Trader can test different trading strategies in this account. A wealth of popular Forex options is available including major pairs, minor pairs and exotic currency pairs. The latest trading craze – cryptocurrency is available in 12 options. Overall, a quality trading platform with a range of viable options for traders. The demo or virtual account can also run alongside a real money account – not “instead of”.

• The CFD section is mostly focused on cryptocurrencies as well.
• I am not saying I am flying over the clouds with the trading experience here.
• This is one of the best available in the finance industry!
• In other words, IQOption is permitted to offer its services to clients within the EEA.

The most intuitive feature is icons of assets impacted by the article; clicking on it will direct traders to a screen with information about it and the ability to place a trade. The News Feed offers tremendous value to traders and is the best asset that IQ Option possesses. IQ Option offers commission-free https://forexhero.info/ trading with competitive spreads. The EUR/USD commences with a mark-up of 0.4 pips, one of the most competitive offers without additional costs. Other currency pairs feature an average pricing environment. Equity CFDs remain free of commission costs, but spreads are above-average.

Clicking on the asset icon in each article will direct traders to a new screen where more information awaits, together with the ability to place trades. IQ Option only provides its proprietary trading platform. For optimal trading experience with IQ Option, you can customize the platform. From dashboard appearance to keyboard shortcuts, notifications to privacy, you can give a custom touch as desired. This material is not intended for viewers from EEA countries.

One should know that trading any other kind of complex financial product involves high risks, and is not suitable for everyone. There is the option of the charting tool that allows traders to select from various charts that is useful for detecting chart patterns. The trading platform for this brokerage firm is functional and visually pleasing, but it may not be helpful in analysis. Along with the act of keeping traders’ funds in segregated accounts, IQ Option provides different security regulations that are additional to those of the CySEC.

The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market. Often there are substantial prizes for the winners of these competitions. These range from cash rewards, to more unique prizes, such as the recent Aston Martin race day experience.

This broker is one of the biggest companies in the industry. With many users registered, they are a legit online broker. IQ Option hosts trading competitions, where prizes range from $100 to $100,000.

Perhaps the most spectacular metric regarding the growth of IQ Option is the geographic coverage of the operation. From a handful of countries in 2014, the services of the brokerage are now available in multiple countries. IQ Option provides its customers with its own platform specifically designed to meet their trading needs. Asktraders is a free website that is supported by our advertising partners.

The availability of the currency pairs is quite big on this platform. One of the leading Forex trading platforms for the UK is IQ Option. It has made trading looks so easy and fun by adding different features like EFTs, Stocks, Digital Options, and Forex Currency Pairs. In addition, IQ Option has access to cryptocurrency trading – 12 major cryptocurrencies, including Bitcoins, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA and Dash.

There was $10 million of trade volume each month in 2014, which rose to $100 million per month in 2015, and a massive rise in 2016 to $11 billion. There were only 950,000 registered accounts in 2014, and the accounts massively increased to 3,450,000 in 2015. This increase didn’t stop here, and IQ Option made it to 14,011,685 registered accounts by the end of 2016. IQ Option came into existence in 2013, and it has become a famous company worldwide by capturing more than 17 million users in a short period. IQ Option became a partner with the world-famous Aston Martin Racing.

IQ Option aims to execute every withdrawal request within 24 hours. However, in extreme cases, the withdrawal process can last up to 15 days. Judging the broker, I would say that IQ option does very well. It is neat and functional with information being very visible.

I guess this is due to my previous experience with Metatrader platform. Branded software is nice, but it is hard to master it for me somehow. Luckily, these guys had it all and suited my list of requirements. It has been more than a week for me and I think I have finally found the broker I will be trading with. All investments involve risks and are not suitable for every investor.

This review has been evaluated based on their trading platforms, type of account, fees, & more. IQ Option is an online broker, best known for its intuitive trading platform. We found that IQ Option is best for their customer service, mobile trading app, binary options, and CFD trading. They offer a wide range of investment options, with competitive fees. There are 2 types of accounts at IQ Option for Forex trading.

Please kindly consider carefully if such trading is suitable for you. Past performances can never be an indicator of future outcomes. Reviews, articles, and all of the knowledge on this website are for guidance purposes only and should not be considered as investment advice and recommendations. IQ Option allows you to trade on Forex, but IQ works as a CFD broker instead of a forex broker. This means the forex pairs cannot be bought directly; you can only predict their development and prices in the future and buy their contracts. Registered clients can win many bonuses by competing in the trading tournaments organized by IQ Option.