IQ Option Review: An Innovative Binary Broker
Founded in 2012, IQ Option binary options broker has been steadily taking new customers and extending their current overwhelmingly content customer base. The company is based in Seychelles and operates in Europe under Iqoption Europe Ltd. Its business dealings in Europe are regulated by the Cyprus Securities and Exchange Commission (CySEC).
IQ Option indeed looks like a unique broker, offering an innovative approach and an all-around high quality service. While they currently do not look to satisfy the long-term traders with an expiry of up to a day, the broker enables a close to perfect short term trading experience.
Together with great educational services, IQ Option offers great bonuses and a completely free standalone Demo account. With a very clean look to the website and the platform, IQ Option stands out with an effort to satisfy traders rather than going for an online casino look to attract them.
- Regulated by CySEC
- FREE Standalone Demo account
- Minimum deposit is only $10 and minimum trade is $1
- Good deposit bonuses
- Good-looking and effective website and software
- Great interactive educational tools
- Not available to clients in USA, Canada, and Japan
- Rather short trade expiry time
It’s really easy to make an account with IQ Option and it only took us a couple of minutes to join. There are three types of accounts based on your needs and requirements.
- Demo Account
Demo account is a perfect place to start off with any broker you choose. IQ Option offers a completely free, no-deposit Demo account for you to check out the platform, assets, trades and make your first moves with ease of mind.
- Real Account
You can start your real account with a deposit as low as $10. This is an extremely low threshold and we can’t help but feel good about it. IQ Option immediately enables you to trade more than 70 assets available. The real account holders can join in weekly webinars and join the trading competitions.
- VIP Account
VIP account requires a deposit of at least $1,000 and enables many benefits. These include access to VIP webinars, free trading signals, and a personal trading manager. VIP account holders also get faster withdrawals and better bonuses, again depending on the deposits.
IQ Option Trading Software
IQ Option has a custom built binary options trading platform. It’s unique, so if you are used to different platforms you might need some time to adjust. However, the platform is easy to use and very intuitive, specifically created for binary options trading.
The platform can be run in browser or downloaded for Windows or Mobile from both Google play and the Apple App store. This means all you need to run the platform is an Internet connection and you will be have a full access to your IQ Option account.
The interface is rather simple and menu driven, with unique options you don’t have to have but you will definitely love, such as zoom. It’s again important to note that the platform is as tailored for binary options and short term trading, with expiry times from a minute up to the end of the day. The IQ Option binary options go out in 15 minute increments.
Banking and Bonuses
Banking possibilities with IQ Option are very good, as deposits and withdrawals can be made with major credit cards, including MasterCard and Visa, as well as bank wire transfer and e-wallets such as Skrill, PayPal, WebMoney, Yandex Money, LiqPay, and Moneta.
The withdrawal time is up to 3 business days, where IQ Option once again prove they are under-promising and over-delivering. With VIP account, you can withdraw your money within 24 hours. The minimum withdrawal amount is $10 but it’s important to note there is a withdrawal fee anywhere between $5 and $10, depending on the method you use.
The IQ Option bonus percentages go up to 100%, depending on the deposit amount. With deposits smaller than $100 you’d get 27% bonus, and with deposits bigger than $5,000 you will get the full 100% bonus. Of course, you will want to check on the deposit bonus offers just before you deposit as these might change. The wager to release the bonus is 25 times the bonus amount.
The IQ Option customer support is very competent and helpful. The staff is well-educated and trained and you can reach them 24/5 by email, phone or live chat. There is, of course, room for improvement, but IQ Option showed responsive to the customers’ pleads for Live Chat and phone service which was unavailable until recently.
The clients are also assigned with an account manager to help with any ongoing issues or disputes, and it seems just appropriate to have one person resolving an issue for you in a timely manner.
IQ Option Summary: An Innovative Binary Broker
IQ Option is an innovative binary broker with a solid and happy client base, with a good-looking website and platform. The company offers a wide array of services, including free demo accounts, education, great bonuses, and an effective customer support.
Being regulated by CySEC, the company offers safety and reliability as well as a great trading experience. With many popular deposit and withdrawal options you are sure to make these as quick and effortless as possible. The minimum deposit and withdrawal amounts are both $10 so you can start small and see if you enjoy the ride!