IQ Option Broker Review

iqoption

IQ Option is a reputable binary options broker, which specifically focuses on offering its services to European and Russian market. Although the website loads in Russian, it is also available in English and other languages. IQoption is operated by Infofield Premier Limited and is located in Nicosia, Cyprus. The site is still new therefore, it does not offer additions to binary options.

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Their trading platform is proprietary and may be a bit difficult for new clients at first but it is one of the most advanced platforms in the binary industry. Furthermore, it has some amazing features for controlling trader’s investment amount. Besides that, it also offers its clients a fully functional demo account.

The IQ Option’s website is easy to navigate and you can easily get answers to most of the Frequently Asked Question by just going through the FAQ section.

IQoption is compatible with most updated mobile devices. This includes mobile devices on Android, iOS, Blackberry and Windows operating system.

IQ option currently offers traders only two trade types:  the classic high or low binaries. Nonetheless, traders can choose to trade faster using the turbo trade feature.

It is also important to recognize that IQOption offers one of the highest payout ratios in the binary trading industry, with traders having a chance of earning as much as 93% on their investments.

When it comes to operational reliability, IQ option works smoothly without any major shortcoming, with trades being executed within seconds and without errors.

Getting started at IQ Option

Signing up for an account is easy and takes a few minutes. The great thing about this binary option’s broker is their ability to offer you a demo account that can be used indefinitely. You are not limited to the number of times you can use the demo account and does not require you to make any deposit. This is a great feature for beginners as it is also easy to use.

At the top of the page next to the link that directs you to open a real account, you will find the link that will direct you to open a demo account.

You can choose to trade for real money at any time by depositing funds through various deposit methods offered by the site.

The site supports multiple currencies including US Dollars, Rubles, Swedish kroner and even Canadian dollar. The minimum amount you can deposit is 300 Rubles or $10. Besides offering credit and debit cards as a mode of payments, it also offers a wide array of e-wallet services.

Trading Platform

IQ Option has an up-to-date trading platform, which is very impressive to have a look at. This is not an ordinary interface with a white label display. The interface is one of a kind. It displaysbeautifully with a high contrast graph on a dark screen.

For beginners, selection of assets is done by a means of a tab system located on top of the price chart. You can find more assets on the drop-down list just on the right side of the tabs.

The platform features 73 different assets to trade.  However, IQ Option does not trade futures. The platform also lucks some trading tools such as early close. It does not also offer account tiers and bonuses.

On the far right side of the platform, you find the action buttons for Call/Put options that you want to purchase. Traders can choose to invest from as little as $10 to $500

Trading Accounts

IQ Option offers limited trading accounts. At the moment, it only offers two types of trading accounts, the regular and the VIP account. Bonus amounts vary with amount of money deposited by the trader. While the site allows you to make a minimum deposit of $10, you need to make a minimum deposit of $100 in order to qualify for 20% bonus.

Customer support

IQOption offers customer support in 5 different languages including English, Portuguese,Spanish, Indonesian and Russian. It offers 24/7 customer support through Email, Skype, or live chat.

Pros

  • In-built proprietary trading platform
  • No deposit demo account
  • Offers very high returns
  • Low minimum deposit requirement
  • Extensive lists of assets to trade with
  • Attractive prizes in trading competitions

Cons

  • Limited trading tools
  • Lacks telephone support

Conclusion

Ideally, IQ option is suitable for small account holders considering the low minimum deposit as well as trade requirements. It also has a free demo account with unlimited number of times you can use it. As such providing new traders an opportunity of trying out the trading platform without risking any money. The only limitation about IQ option is its limited trading tools and choices of trading contracts being offered. Nevertheless, if you are looking for a new platform to experiment, then you should consider IQ Option.


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