IQ Option Review and Tutorial 2020
IQ Option is one of the best quality platforms which is managed by the IQ option Europe Limited, and it is a financial services provider based in Cyprus. It is one of the forms which has been designated as the Cypriot investment firm. It comes under the jurisdiction of cySEC. Today, We’re Going to do IQ Option Review & Find out, Is it worth to trade on IQ Option or not? Or is it just another scammy trading platform?
This organization has been authorized to provide services which are financial to the clients which are from the European economic area, and the CIF license number which they have is #247/14.
The launch date of this platform was 2013, and it has been growing a lot since that time. The minimum deposit which you have to process is the lowest when compared to other search platforms. You will be getting a free demo account along with the minimum deposit requirement at $10. Online trading is now accessible to a wide range of people and therefore the growth.
The instruments which this organization allows you to use our stocks, options, Forex, cryptocurrencies and a lot more. This Company has arrived a lot more than usual because of the fast growth and the reason for the rapid growth is the trust factor. In August 2019, more than 50 million trading accounts were registered with this broker, and these traders make more than 1 million trades every day.
The turnover of IQ Option is 25 million dollars per month.
The main field in which IQ option works is of CFD brokers. Large companies like + 500 or e toro are the competitors of this website. IQ options are still well known even with this tedious competition. There are several platforms if you want to opt for binary trading. Most of the instruments which are available inside the application can be used to trade from around the world. Still, the clients who are from the European economic area can only use the trade fx options which are similar to other types of trading due to the latest regulations which have been updated.
So you might want to know whether this application is safe and secure. All the answers which you want to get are provided below in the review which we have detailed below. Not only the main thing, but there are also other things with this platform will offer such as training emails which help you succeed with binary options trading and in case you are new to reading, you will be able to find out about hedging, rollover and a lot of other things. All of the emails which are sent to you are interesting, but if you are already familiar with what you are doing, then you might find them a little spammy.
Security is one of the main issues which we face when we are doing online trading. Brokers coma stock exchanges and other intermediaries which are a part of trading mustn’t get scammed. The thing is when you are using the internet, you are more likely to run into fraudulent companies rather than trusted, and this is the main issue which you might Run into and want to choose another option.
The thing is, IQ option has been tested thoroughly, and there are hundreds of thousands of transactions which are made in it, which again verifies that this platform is not a scam. We know that every one of you wants your money to be safe and wants your data to be reliable and therefore, we have thoroughly tested the system. Every trader has a different approach to what the word secure means and we will try to answer every procedure for you, and in case you did not find an answer which is suitable to you, make sure to ask questions.
IQ option is supervised by many supervisors in many sub countries, and therefore it has a lot of trusts. IQ Option is a regulated broker who is licensed to provide investment products. The license which has been mentioned above is not easy to get in, and if a broker who already has this license is to be judged, it is sure that just license will show a sign of quality. All of the terms which are here will be applied to the plant funds, business products, marketing restrictions. You will be able to read all the regulations of the CySec on the official website.
Also, there are a lot of problems which we experience. We have made more than ten deposits do this broker using credit cards, Bank transfers, skill transfers, and almost 50 withdrawals. Withdrawals are usually processed immediately. This is in case you are using a credit card or internet wallet. Other kinds of withdrawals are processed within 24 hours if it is a business day.
If you have any kind of question, you can use the email to email the support team, and you will get a reply as soon as possible. If you have already registered and account on IQ options, then the support takes the form of an online chat and will be able to respond within seconds to you. We have already tried asking about five different things.
So what is it that IQ Option platform offers?
- This is one of the most comprehensive and innovative platforms that a wide range of markets for traders and a wide range of trading instruments as well. You will be able to trade using binary options, digital options, FX options, stocks, Forex, cryptocurrencies, commodities, indices, and ETFs at the IQ option software.
- If you check right now, there are 188 companies with table shares via contracts. Some of the largest companies are included such as Amazon, Facebook, Google, Apple and a lot more.
- There are more than eight cryptocurrencies which are available on offer. You will be able to get access to Bitcoin, litecoin, Ripple, Etherum and there are also smaller cryptocurrencies such as Tron, EOS, Zcash.
- There is a Novelty on the market, but exchange-traded funds have already found their road to money traders. If you are investing exchange-traded funds, they are almost always well-diversified. They are more than safe to invest in when you compare them to 2000 type of Investments. There are more than 20 exchange-traded funds available on offer.
- Forex is trading in foreign currencies, and this kind of trading is trendy on the software which you will use, and it is popular in general as well. You will be able to trade more than 74 currency pairs.
- Commodity training has become a lot more popular than it was in the past years, and therefore, it is also a part of this broker platform. In general, you will be able to trade up 25 commodities at the IQ option platform. This offer includes gold, silver, WTI, Brent, Platinum.
- There is a comprehensive view of a particular market segment which is provided by the commodities are Indices for stock indices. They both are a real reliable indicator of how the whole market is currently doing. For now, IQ option that one is providing ten stock indices.
The Demo Account
Similar to a lot of other brokers, the IQ option platform also provides a demo account which you can use to try trading with a broker, and this is for sure an advantage for anyone. The speciality and the uniqueness of this software that they provide you with a platform which is entirely free as well as unlimited so that you will be able to use the free account as much as you want and then decide on the fact if you wish to go for a paid one or not. You do not need to fill any personal information if you’re going to open up a personal account and it is not limited in time.
You will be able to get $10000 in virtual money, and you will be able to try all the available instruments which are provided by them. The virtual money is not real money and cannot be used in real life. If in case you run out of the virtual credit funds, all you have to do is click to apply for new funds, and you will be able to get them within time and practice in that account once it is filled. The demo account is was giving a try and id.me no coincidence that what made this software platform famous is that people set up a demo account and the short sign up process was the best.
Steps to open a free demo account in IQ option in 2020
Fetching a demo account is quite easy, and unlike other brokers, all you have to do is a quick registration. You do not need to provide personal information while registering, and it will only take a few seconds or a minute at the most if you try to register. Once you have created your account, you will be credited with 1000 virtual currency which you will be using to trade and test the platform so that you can figure out the particular trading pattern which you look forward to.
The first step is to open up an account.
- Click the link here to go to the designated page.
- Now, all you will need to do is fill in the two white boxes. I have to enter your email address in the first and the second box will require a password which you will need to remember to log in.
- Press the enter key or click on the button which is used to confirm labelled open an account free.
- You will be redirected to the platform for your trading activities. Make sure to wait because it will take some time to load.
- While it is loading, open up a new tab or new window and check your email. You will receive a confirmation link which you will need to visit to verify your account.
The second step is to check the risk disclosure
- Once you are done with opening up your account on the trading activity platform, it is a mandatory step that you confirm if you agree with the risks which are involved in the trading options and the fact that binary options trading cannot guarantee a profit.
- We are only using a demo account, so we do not need to worry about these problems.
- All you need to do is click on the button which says I have read and understood the rest.
- The next thing you have to do is click on the start trading button.
The third step is to select a demo account.
- There will be a window which will pop up on your screen, and you will need to choose between the two accounts. The two statements are the demo account and a real account.
- The account will be credited with $1,000, and it will show you an option to start trading on a practice account.
- You, of course, have to select that option.
The fourth step is the trading step.
- Now you will be able to trade all you want.
- If you are a person who wants to switch between real money mode and demo mode, all you need to do is click on the upper right corner on the current account balance and select the practice account or the real account.
- We wish you the best of luck while trading.
Now, talk about the IQ option platform
One of the best options is as mentioned above, the demo account. However, it is not the only thing which will make this broker famous and unique. So you might have a question about what it is.
The answer is obvious; their platform is always updated and passed continuously to be improved. Therefore, over the years, this platform has been developing and moving forward with technology.
You will be able to find out all the solutions you want, which are out there is scattered at one single place. The platform is modern, and you will surely be able to remember this platform even if you use it just once. They are the right amount of developers who are working to develop this platform. Even the smallest of the small details are attended to make the best User experience possible for everyone.
Most of the broker platforms offer the same solutions as everyone else, but IQ option has the platform development from scratch. Therefore, everything can be modified according to the needs of the consumers. Therefore, no other broker will be able to replicate and take advantage of this platform. This is one of the best competitive advantages you can hope for in a business.
The platform is arranged in a manner which is simple as well as fast to use. One of the most critical factors which are considered when we are visiting a website is the speed of the website. It is essential even in the concept of short term trading, and with this platform, you will be able to open a trade in less than one second.
There are various kinds of data visualization with you can access to check how your trades are going, and there are options such as candlestick, line graphs, other doesn’t include indicators such as constantly updating moving averages, Bollinger bands. The intuitiveness of this platform is on another level because you will be able to control this platform within a few minutes even if you are starting with a demo account. You will be able to zoom in as well as out using the mouse wheel, and if you drag the mouse, you will be able to move the charts.
This platform is not only available in the form of a website, but it is also available for any device in the way of an application such as desktop, mobile phones.
The registration and verification process of IQ option
In case you have already gone through the registration process with a different broker before, you will know how the registration process works for IQ option. In case you have not done that, we recommend that you read this and we will explain each and everything which you will need.
Open the official website of the broker, and you can use the quick access link which is given here. All you need to do is click on the start trading button.
If you wish that you want to try the platform first, all you need to do is open up a demo account, and all you will need to do is confirm your email address and phone number. You will not need to do anything other than that to verify your demo account. If you want to use real money and make a deposit in your account, you will not need any verification, but this will only apply if you deposit a maximum of $2,000.
If you wish to deposit more than that, you will surely need to verify your trading account. Still, in specific regions, you will need to verify your account and provide the necessary details before making your first deposit because of the national regulations.
To complete the verification, of all you need to do is:
- Answer the questions about the trading experience which you have which will only take about 2 minutes
- Submit a photo or an identity card scan like the passport, driving licence
- Add your address by uploading a photo or scanning a document which will show your mailing address clearly. For example, you can use a bank statement.
Once you have submitted your documents and the format which is specified there, everything will be alright; your account will be verified within 48 hours. People often wonder why the word want to verify your identity and know a lot of information about you.
However, it is necessary because the person who is maintaining the website is subject to regulations as well, and they have different rules and regulations to follow. These rules and regulations are to prevent money laundering or financing of terrorism. It is undoubtedly an annoying process, but this is a necessary evil.
Let’s now talk about the deposition and the withdrawal of money
In case you already have an open account and have tested each and everything using the demo account which you get free of cost. You will need to try to make real money in a real account. If you want to do this, you will need to transfer real money to your real account.
There are several options which you can use to do that. In case you do not have a verified account, all you need to do is use bank transfer to do so, and it will take around 1 to 3 days to get your account verified. You can use a Visa or MasterCard, which will help you gain in an immediate transaction. After you have confirmed your account, you will be able to use other services like skrill, trust pay and more. You will also be able to withdraw the money back to your bank account using the same method used to make a deposit.
The minimum deposit is
- USD – 10
- EUR – 10
- GBP – 10
- BRL – 20
- Malaysian Ringgit – 40
- Chinese Yuan – 70
- Indonesian Rupiah – 100,000
- Vietnamese Dong – 200 000
- South African Rand – 150
- Philippines’ Peso – 500
- Thai Bath – 270
If you want to withdraw any money, you will need to verify your account before you can do that. The time of the withdrawal will depend on the selected method.
The fee for the bank transfer withdrawal is $53, so make sure that you are careful about that. The minimum deposit amount which you can make is $10, and it is the lowest possible deposit for any broker on the market. The trades will be starting from $1.
So how can YOU start trading & Make REAL Money with the IQ option platform?
The trading at this platform is intuitive because the design of this platform is well made, and the User experience is even better. All of these results have been achieved because of the work which they have done in 6 years.
Once you are logged onto the platform, you will be able to view a graph of the Asset which you have Selected in the centre of your screen. You will be able to customize the chart to your liking, and there are even buy as well as sell buttons on the right side. On the left side, you will be able to check out the available trading utilities as well as trading history and many other things. We want to make sure that we do not overburden you with a lot of details, so all we want to say is that the system is straightforward to use.
As we mentioned above, you will you able to trade on a dynamic range of markets using the IQ option platform whether it is stocks you want to invest in, cryptocurrencies, Forex or CFDs or you want to invest in. You have the choice of selecting the Asset which you wish to trade, and you will be able to adjust stop loss, take profit for the lever. This lever is called a multiplier. Then all you need to do is confirm the trade, and that’s all it takes.
Strategies on this platform
This platform has many features as well as instruments on its platform, and these include Strategies for trading patterns which you will be able to find on the official website of this platform. All of these are developed directly by the developer is working for this brokers company. For a thriving stock exchange trading plan, you need to have the strategy which will make trading easier.
The developers of the IQ option platform no this, so they added several patterns for what we call training models on their website. All of this is provided using a video tutorial on how to use it, which will help you save your time by not spending any unnecessary time on discovering new things. All you need to do is click on the trader room option, and you will be able to find all the videos on the right side.
Our recommendations for strategies are Three black crows pattern, the rebound line pattern, the rainbow pattern. You will also be able to find the basic patterns which are needed for binary options trading in the broker’s video tutorial like the trend line trading, boring brands and a lot more.
IQ option launches trading Cup with $25,000 price pool
IQ option had an exciting idea which would attract the new B traders to the platform and use the trade binary options. It created a cup which was inspired by a popular event. All the traders from the whole world were allowed to participate and this cup. No matter which country you are, you would’ve been able to complete and try to win the US dollars 25,000 prices. This cup ran from June 10 to July 10.
All you need to do is register by paying $5. If you do not want to spend money on entering the tournament, there is another tournament which you can enter, which consists of the $5,000 reward. When you register for the IQ option competition, you will be able to get the count with funds and all you need to do trade binary options during competition and whoever has the best earnings. At the same time, reading will be awarded the winning prize money.
Then tension of IQ option by doing this was to educate people about their fantastic trading platform, and there is no better way to attract people other than increasing them with a high price. Even if you have an existing account in IQ option, you can participate in this cup by signing up and paying the small fee of 5 US dollars. We are sure that they will in the future again conduct this kind of tournaments, and that is the advantage of using such a great platform.
The Android and IOS application of IQ option
Since 2013, this application has been one of the most innovative applications which the brokers have taken into consideration, and this has been taken to the next level with the use of the new technology which this application has revised. The same thing also applies to the website of IQ option.
So why Should you use IQ Option App
- The speed of this application is extreme, and that is a massive advantage over other similar software. It is not uncommon for people to prepare the standard native application rather than a website on other mobile phones because of the convenience.
- This application has a significant amount of security. Therefore, all the money and data which you have entered into this application is safe. You will also be able to set the application security to fingerprint, which will be appreciated by many traders.
- There is support for all the features which are in the desktop application like the graph settings, line drawings, and every other option.
- You will also be able to make a deposit using the application directly, and it will not even take a minute of your time.
The best thing is that this application is considered as one of the most useful applications under the category of trading. This application is also user-friendly, which is one of the most significant advantages over most of the applications in the Android market has. If you want to use other applications, you might need to know the technical stuff about those applications to use them.
This is not the case with the mobile application of IQ option because there are labels which are easy to read for even the novices. This is probably the reason this application is famous among the traders. It is also integrated with the modern interface and the readability, customizability of the graphs is on another level with this application. The things are loaded super fast, and this application probably has no competition. If you have in the past, use any betting application related to sports or anything application, you will be easily able to use this application because all this application is about accurate forecasting.
You will unfortunately not be able to use this on iOS because trading applications have been banned on the iOS Store. Most of the readers used desktops; the binary options trading industry has witnessed constant growth and the mobile market as well. Something innovative has been bought by them, so make sure that you download this application on your mobile phone and use it.
Our experience so far
If you read the review above, you will surely know what we think about it. We have been using this trading platform and making the right amount of money with IQ option for almost three years. This experience has been phenomenal. It is the fastest growing platform and is one of the most user-friendly platforms which you will ever find. The alerts are properly audible, and the features are fantastic.
One of the best features which are available in his application is making a withdrawal which will be instantly made upon request. In case there is a reason that the withdrawal is not processed immediately, it will be done within 24 hours on working days.
As far as our experience goes, the withdrawal is always made the very same day; it has been requested within a few hours. Most of the festivals which you will make a free of charge but if you make the withdrawal directly to your bank account, the fee is $53. This is not applicable for the withdrawal switch are smaller than your deposits. You will be able to to make an everyday withdrawal of $50 and will never need to pay the fee.
So, with a minimum investment of 10 dollars and a minimum trade of $1, whenever you get bored, all you need to do is log in to the platform using your phone and put a few dollar trades in. Make sure that you do not forget that trading as a real business and you can quickly lose all the money which you have invested in it.
ConclusionThis platform has been used by more than 15 million people who are traders, and this is the best platform offering binary options trading according to us. The platform is rapid, both as well as intuitive because of the custom made work done on it. It is available for all the platform except for iOS because iOS has banned trading applications on its market.
If you do not want to invest your money in this application, you will be able to use the demo account option to try the platform free of cost and unlimited before you decide to invest in it. A lot of people ask us whether it is legal when you invest with IQ option, and we know that it is legal and most of the world. There are only a limited amount of countries which do not allow people to trade binary options with brokers outside the country itself—one of those in the USA.
Frequently Asked Questions on IQ Option Review
How much money can I make?
Your success depends on your skills and patience, your chosen trading strategy, and the amount you can invest. We recommend watching our training videos first so that you can make more informed transactions. Beginning traders can try out their skills and practice on the practice account.
How much money can I make on the practice account?
You can’t make any profit from transactions you complete on the practice account. You get virtual funds and make virtual transactions. It is intended for training purposes only. To trade using real money, you need to deposit funds to a real account.
How do I switch between the practice account and the real account?
To switch between accounts, click your balance in the upper-right corner. Make sure you are in the trade room. The panel that opens shows all your accounts: Your real account, your practice account, and accounts for any tournaments that you have registered in or are participating in. Click an account to make it active so you can use it for trading.
Do you have apps for PC, iOS, or Android?
Yes, we do! And on computers, the platform responds faster in the application for Windows and Mac OS. Why is it faster to trade in the application? The website is slower to update movements on the chart because the browser doesn’t use available WebGL capabilities for maximizing the computer’s video card resources. The application doesn’t have this limitation, so it updates the chart almost instantaneously. We also have apps for iOS and Android. You can find and download the applications on our download page.
If a version of the app is not available for your device, you can still trade using the IQ Option website.
How do I top up the practice account?
You can always top up your practice account for free if the balance falls below $10,000. First, you must select this account. Then click the green Deposit button with two arrows in the upper-right corner. A window opens where you can choose which account to top up: the practice account or the real one.
What is volatility?
Cc put it simply; volatility is how much price changes. With low volatility, changes are insignificant on the chart, and the Asset might expire at the same level where you opened a position. But when the chart shows high volatility, the Asset’s level fluctuates quickly.
Do you have an affiliate program?
Our affiliate program is for professionals and website owners who are actively recruiting traders. If you fit this description, you too can earn extra income.
You can sign up for the affiliate program on the site affiliate.iqoption.com. This is a personal dashboard that is entirely separate from the trading platform. This is also where you can get links for attracting clients, promotional materials, statistics and other useful tools.
If you have questions about our affiliate program, you can contact our support service after you sign up.
What is the CPA program?
IQ Option CPA is an exclusive affiliate program designed for professional media buyers and marketers.
If you meet our quality requirements, you can earn extra money. You can find detailed information here. If you have any questions, you can email to [email protected]
Can you call your customers?
According to company policy, we do not disturb our traders with outgoing calls, except for the welcome calls that our Fresh Team makes when our traders make their first deposit. Nevertheless, you are always welcome to contact us using one of the following ways:
Call us anytime at:
- United Kingdom: +44 20 8068 0760 (London toll rate); +44 80 0069 8644;
- South Africa: +27 87 550 21 61;
- Australia: +61 261 452 936 (Canberra);
- Mexico: +52 18 002 889 985 (Toll-free);
- Brazil: +0800 878 3257 (Toll-free); +55 61 3550 0638 (Brasília);
- Portugal: +351 882 880 034 (Toll-free); +351 308 807 766 (National);
- Argentina: +54 115 173 7455 (Buenos Aires);
- Singapore: +65 3163 7458 (Singapore);
- Spain: +34 90 086 16 12 (Toll-free); +34 91 123 87 48 (Madrid toll rate);
- Chile: +56 442 045 012;
- India: +91 000 800 040 13 61 (Toll-free);
- Thailand: +66 2 104 07 95 (Bangkok);
- Colombia: +57 800 755 0167 (Toll-free)
Or You Write to us in the Live Chat on the platform.
Is it legal in India?
Trading isn’t prohibited by the Indian legislation (including The Foreign Exchange Management Act of 1999. Moreover, Indian regulators can’t regulate companies which aren’t based in India, because trading operations take place outside India.
To our knowledge, international companies have never been banned in India. Thus, there is no violation of the law in your trading with us.
What are the minimum and the maximum investment per trade?
The minimum investment amount for today’s trading conditions can be found on the Company’s trading platform/website. The maximum investment amount is $20,000.
The maximum amount on some assets may vary according to the market conditions.
What is IQ Option in End?
IQ Option is a trading platform that helps you start your journey as a trader. We offer the following instruments:
- CFDs on currency pairs
- CFDs on stocks
- CFDs on commodities
- CFDs on Cryptocurrencies
- CFDs on ETFs
- Binary Options
- Digital Options
You can start practising on a demo account, and then continue trading with real funds. Our graphical tools and convenient technical analysis indicators help you make trading.
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