IQ Option has come a long way since it began operating as a premium binary options broker in 2013. Although IQ Option has retained the brand, over the past few years, it has offered a variety of asset offerings that now include forex and CFD trading. ETFs, and digital currencies.
About IQOption
IQ Option has come a long way since it began operating as a premium binary options broker in 2013. Although IQ Option has retained the brand, over the past few years, it has offered a variety of asset offerings that now include forex and CFD trading. ETFs, and digital currencies.
Hence, it can be said that IQOption is no longer an ordinary binary options brokerage, but an effective broker in the field of commodities and forex trading.
In fact, if you are based in the UK or any EU country, you can no longer trade with the company in binary options at all. However, IQ Option still offers binary options trading to clients all over the world, including Arab countries.
IQOption was initially founded in the African island nation of Seychelles. It quickly expanded its operations in Europe, and currently, the company operates its European operations through its subsidiary IQ Option Ltd. Europe, which is regulated by the Cyprus Securities and Exchange Commission (CySEC License No. 247/14).
Besides the Cyprus Securities and Exchange Commission, the company is also bound by the Financial Markets Directive (MiFID) in the European Union markets.
IQ Option Registration
Opening an account takes no more than two minutes. It is enough to register your name and e-mail. Upon registration, you can trade directly. No need to register your phone number so you won't get annoying conversations from customer service to deposit or to get confirmed income. Even if you want to register your phone number, you will only receive calls when you request it.
Trading platform
Unlike most forex and commodity brokers, IQ Option offers a trading platform that is fully cloud-based on the web. Once you log in as a client, you will be able to access the trading platform from almost anywhere using your browser and execute your trades quickly, without installing any additional software on your PC.
The best feature of the cloud trading platform is the ability to use any operating system so that the user interface remains familiar to you regardless of whether you are using a Windows computer or any Apple device.
IQ Option realizes that many professional traders rely solely on technical analysis to make trading decisions, as it offers them a free charting package that is sufficient for advanced analysis. In addition to line chart tools, the IQ Option trading platform also offers indicators and advanced technical analysis tools.
For example, you can also use candlestick charts to conduct your own technical analysis through the native IQ Option trading platform.
As you can see, almost all major technical analysis indicators are included in the cloud trading software, including Bill Williams Chaos Trading System which requires a combination of several indicators, and many of the most popular indicators such as the Average Directional Movement Index and the Commodity Channel Index.
In addition to the innovative online trading platform for desktop computers, the IQ Option trading platform is also available as mobile apps for traders who work in other professions most of the time despite their constant desire to be constantly in the market. If you have a day job, you can still trade the different assets offered by IQ Option through the smartphone apps which have almost identical trading features in Android and Apple phones.
IQOption on mobile
The IQOption mobile app and website are quite impressive. What do people need? A mobile phone? Tablet? People need to communicate, and in today's society users are completely connected to everything from their equipment to social networks. IQ Option traders want to be able to make money even if they are in an elevator or waiting for a traffic light. This is the main idea on which the IQ Option mobile platform is built. In the world of online trading seconds means a big difference.
Species Accounts
If you are wondering what type of account you should open at IQOption, let us tell you the good news: they offer a simple registration process while giving you a unified trading account. With a single active IQ Option trading account, you will be able to trade all the different types of assets offered by the broker.
Moreover, if you are an international investor and not a UK or EU citizen, you can enjoy short-term binary options assets, where you can open options trading with a validity period of 15-40 minutes. IQ Option also offers a fast โTurboโ option for international traders which allows trading binary options with an expiry period that can be as low as 5 minutes.
And because IQ Option is a premium broker, it also offers potential clients a free demo account with a validity of 30 days. If you are a newbie in the field of trading or just want to try out the IQ Option cloud trading platform, then opening a demo account will give you the opportunity to try out the platform and get familiar with it before opening a real account.
Islamic trading account
IQOption provides Muslim traders with Shariah compliant Islamic trading accounts. This account has the same features as the regular account but the trading is without interest. There are no fees for opening and closing positions or holding your position (except for cryptocurrencies).ย
tradable assets
Starting in July 2017, IQ Option made huge changes in its asset offering and introduced a lot of new coins, stocks, ETFs, and cryptocurrencies. Also, it allows you to trade various commodities such as gold
Currently, IQ Option traders can place trades on 7,485 NYSE and NASDAQ shares, 4,288 ETFs, 188 forex pairs and 6 cryptocurrencies.
In addition to this aforementioned class of assets, IQ Option also offers over 10 million combinations of binary options to traders across different markets, including the forex market, stock market, and cryptocurrency.
We have been following a lot of different brokers in recent months, and we have to say, it looks like IQ Optionย It has the most diverse set of trading instruments on the European market right now.
Trade Cryptocurrencies with IQ Option
Minimum deposit requirements, bonuses and discounts offered
IQ Option easily allows all types of traders to open an account and start trading with them. To support small investors and anyone who is novice, IQOption has set a minimum deposit of $10 or โฌ10, depending on which currency your active account is denominated in.
While you can allocate as little as $1 per trade, you can also make small withdrawals. Currently IQ Option allows traders to withdraw amounts of as little as $2 per trade. Conversely, if you want to withdraw a large amount of profit, it will allow you to withdraw $1,000,000!
While IQOption has offered a lot of offers and discounts when signing up with them in the past, at the time of writing this review, we didn't find any promotions. However, you should check the company's website to see if there are any promotions for new customers or existing customers.
Methods clouds and deposit
When it comes to depositing and withdrawing money with IQOption, don't worry we have done everything necessary. As a client, you can deposit funds directly into your IQ Option account by paying with credit cards (Visa, MasterCard). However, if you are going to make a deposit or withdraw a large amount, we would like to recommend using the bank transfer method in order to reduce your transfer costs.
In addition to credit cards, and bank transfer, IQ Option also offers several modern payment methods, including well-known e-wallet providers such as WebMoney, Poly services, Skrill, and Neteller.
Geographical coverage:
IQ Option works with traders from 176 countries around the world, including Bahrain, Egypt, Kuwait, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, and the United Arab Emirates
Customer Support
ย On IQ Option, customer service is the most vital aspect of becoming a successful brokerage. This is the reason, behind the fact that the company is the only intermediary that puts the email address of the CEO of the company on its website. Yes, if you would like to reach the CEO of the company, you can send an email to Dmitriy Zaretsky, CEO, atย dmitrii.zaretskii@iqoption.com
However, we suggest that for general inquiries and customer support, you should probably write to our support department support@iqoption.com
However, if you want to visit them at the office responsible for European operations in Cyprus, you can visit Yannis Nicolaides Business Centre, Agio Athanasio Street 33, 4102, Ayios Athanasios, Limassol, Cyprus.
Summary
Although IQOption has discontinued providing binary options trading to UK and EU citizens, they have added a massive amount of new trading tools to traders in these two target markets, and from other users from around the world to make up for this void.
With one of the most user-friendly, and most beautiful trading platforms in the field, IQOption has positioned itself to be a premium broker in the European market.
Because IQ Option is subject to the jurisdiction of the Cyprus Securities and Exchange Commission, it was required to keep clients' funds in segregated accounts, which means that day-to-day operations and client accounts are treated separately to provide additional security for ETFs
If you are looking for a reliable partner to trade a large number of assets, the latest offerings of IQOption make it one of the top contenders in the industry.
*The amount will be deposited into the account for each successful transaction
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