Detailed IQ Option Broker Review
The company IQ Option is represented on the international market for a long time. The problem with most brokerage companies is that they can`t legally provide their services in the United States. A broker IQ Option works there legally, having an official office on the continent.
IQ Option is not a traditional CFD and Forex broker. Its main tool is trading in binary options. Recall that the binary option is a trading tool, involving the opening of deals with a short expiration time (from 30 seconds to several hours). Profit is calculated not by the number of points, but by rates. You can predict in which direction the asset price will move from the order open price. If you correctly predicted, you will get up to 90% of the profits from the rate. Wrong – the entire bet from $1 is burned.
Unfortunately, binary options are often criticized and compared to gambling. Until now, no international regulator has issued a financial license to companies using the example of IQ Option. But the founder of the project, Dmitry (from Russia), states that the process of obtaining a new license is now progressing, which will open up new opportunities for the company.
What trading tools are available to users of IQ Option
Trading with this binary options broker does not cause difficulties even for novice users. It is enough to register on the official website https://iqoption.com/en and replenish the account in order to start trading in the financial markets. Demo account is also available.
The following financial instruments are available for selection:
- 186 CFD for various assets (total number of assets);
- 57 options;
- 74 currency pairs;
- 25 cryptocurrency;
- 10 indexes;
- 6 commodity assets;
- 22 ETFs.
The peculiarity of trading is that the user does not just open deals with the goal of “buy cheaper and sell more expensive”. In the binary options format there is no speculative trading. The user’s task is to predict where the price will move from the opening and in what range it will close after the selected time (expiration time). The yield of each transaction is from 65% to 90%, and the expiration time is 30 seconds. This allows you to significantly increase the deposit in just one trading day without using the methods of long-term trading.
Informative trading terminal
IQ Option has developed one of the most convenient and informative trading terminals for trading. It is made in web format, that is, no additional software is required to download.
On the main screen of the platform in front of us is a graph. On the left side we can choose the desired financial instrument. On the right is the order management block. There, the user selects the expiration time, the bid, as well as the direction of the price movement (forecast). Recall that the minimum rate is only $ 1, which allows even beginners to enjoy the benefits of trading binary options. A deposit can be replenished with a minimum amount of $50.
Users mark a well-developed user interface, a bright design, ample opportunities to customize the schedule.
The company made sure that users of mobile devices also had access to an informative and convenient trading terminal. You can use the web platform on iOS and Android without any restrictions.
IQ Option support service
The work of the broker’s support service has been verified personally. For efficiency and informational content, it can be awarded 4.5 points out of 5, as the managers responded to requests almost immediately, without delays.
A very important aspect is the regulation of the company’s work and guarantees for account holders. The company was founded in 2013. According to representatives of the fx broker, they are regulated by the CySEC commission, but not for all categories of financial instruments. In particular, binary options do not fall under the control of the financial commission. Legal entity registered in Cyprus. You can check the license number by registering to HE327751.
The advantages of opening an account with a broker:
• Loyalty to customers (availability of video instructions, customer support responds very quickly and informatively);
• One of the most advanced and innovative trading terminals online;
• The period of the company since 2013, the absence of scandals and problems with cooperation;
• Over 180 financial instruments for trading.
It is rational to cooperate with this broker if you prefer short-term trading with the ability to quickly break up a deposit. Forecasting capabilities are also present.