IQ Option Broker Review – the best of the best

Binary options has become one of the major markets in the last decade since it is the golden middle between gambling and trading. Traders enjoy the risky business since it is very entertaining. Still, binary options is not all fun and games, and certain strategies have to be applied if traders want their winning trades to outnumber their losing ones. A good options broker is also crucial for traders if they want to get out the maximum of their trades.

It is crucial that the broker is trustworthy, keeps your funds safe and that they provide a decent service package. IQ Option is a binary options broker that has become one of the most desirable options brokers in the industry.

Info Check

The broker has been active in the online business since 2012 within the jurisdiction of the Seychelles. Still, IQ Option broker wanted to offer the highest security measures to its respectable traders, so the broker applied for a CySEC license. CySEC is one of the strictest European regulators in the capital market, and brokers have to fulfill a series of requirements to obtain the license. The broker has not yet had any issues with its regulator which means that IQ Option has never broken a CySEC rule.

Trading Platform

The broker offers 64 tradable assets to choose from on their own proprietary IQ Option trading platform. The broker developed its own trading platform which is more trader-oriented, intuitive and easy to navigate. The platform offers many features, fast execution, and smooth performance. As every good online platform, it is equipped with basic and complex options to meet needs of beginners and professionals alike.

One of the most distinguished features is the graphic charts including Japanese candlestick charts and indicators like Bollinger bands or Moving Averages.

Account Types with IQ Option

First, the broker offers a demo account for all those who have not traded yet and need a little time to master the platform first. Besides the demo, two other real accounts are available. The Standard account can be opened with as little as $10. If you deposit more than $100, you will secure weekly trading signals for free. The last is the VIP IQ Option account, and it starts with a minimum deposit of $1000 onwards and provides traders with all professional tools and options. The weekly VIP webinars are part of the benefits, as well as analysts meetings were traders are guided when and how to plan their trading strategies. And, of course, as a VIP trader, you will get your own personal account manager who can advise you on your trading decisions.

IQ Option guarantees a success rate of approximately 90%. The accepted currencies include USD, GBP, EUR, NZD, AUD, CAD, and Yuan.

Funding Options

As a broker who attracts many traders form around the world, IQ Option had to make sure to cover different payment preferences, and they did. You can deposit and withdraw via wire transfer, credit cards, WebMoney, CashU, Skrill, Neteller, and POLI. IQ Option processes withdrawals within 1 to 3 days. The broker also charges a fee on withdrawals which varies from $5 to $10. How much depends on the withdrawal method of your choice. The minimum withdrawal amount is only $10, but if we add the transaction fee, we come to the conclusion that it is not worth withdrawing small money amounts.

Customer Support

The customer support has some shortcomings for this day and age. Namely, IQ Option does not offer live chat, only an e-mail contact and phone lines in 10 countries (Australia, England, France, Brazil, Germany, Italy, Spain, Portugal, Singapore, and Russia). Another setback is that the phone calls are charged according to the policy of the country you are in. The broker also offers an online request form where you can leave your contact information and ask a question. The broker should try to reorganize its customer support to include live chat and free phone calls.

Pros

–   Around 90% investment return rate

–   Smooth platform performance

–   Demo account free of charge

–   Regulated options broker

–   Multiple tradable assets

–   Low minimum deposit

–   VIP treatment for only $1,000 deposit

–   Educational materials available for free

–   Good reputation

–   Analytical tools, customizable chart package

Cons

–   Withdrawal commission

–   No live chat

–   Chargeable customer support calls

–   No acceptance of Canadian, US, Japanese, Russian, Iranian, and Israeli traders

Conclusion

IQ Options is one of the most desirable options brokers, and when we see the benefits it lists, we can only agree. The broker is reliable, takes care of its traders and keeps their funds safe. Moreover, the broker developed its own trading platform to facilitate the trading process for traders and to optimize the trading environment. If you consider joining the binary options market, then, we can only recommend starting your trading journey with IQ Option.

Payout %
1
Support
1
Trading Platform
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Security/licensing
1
Deposit Options
1
Trader Education
1
Average
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KeyStone
MarketPulse
Proprietary
Spotoption
Techfinancials
TradeSmarter
Tradologic
ADX
ATR
Alligator
Awesome Oscillator
Bollinger Bands
CCI
MACD
Moving Average
Parabolic SAR
RSI
Stochastic Oscillator
Boundary
Bubble
Other (please explain below)
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Touch
1000$, but you can open many of them at the same time
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More than 3 days
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