IQ Option is a brokerage firm that was founded in 2013. The company is owned and operated by IQ Option Europe Ltd. Since its introduction in 2013, IQ Option has been at the forefront of the drive for innovation in the industry. The firm’s proprietary trading platform has managed to set it apart from the competition. The broker offers traders the option of a free demo trading mode alongside sophisticated graphs and valuable indicators that should ensure trading convenience.
Another thing users will appreciate about this platform is the fact that it has a low minimum deposit requirement, which is pegged at just $10. This goes a long way to suggest that true to claims, IQ Option is out to make trading affordable to everyone. Clients can trade cryptocurrencies, stocks, forex, and options on the website.
The IQ Option Platform
IQ Option’s trading platform has been developed in-house to deliver clients an avenue to participate in the binary options markets using advanced trading features. The application has been enhanced far beyond the basic SpotOption platform offered by some brokers and is very user-friendly. IQ Option’s trading platform is offered in the following variants:
Desktop and Web-Based Platform
IQ Options custom-made trading platform is available as a downloadable app for Mac, Windows, and Ubuntu desktops. Similarly, you can access the site from any browser on your computer including Firefox, Google Chrome, and Safari. The system brings you Digital Options, the company’s latest offering, which blends the characteristics of both classic and binary options to allow users to trade a variety of assets.
The system’s interface looks very attractive. One of its selling points is the visually-appealing charts, which clients can trade directly from. Traders can also apply different timeframes and can display a minimum of nine charts at the same time. In addition, IQ Option’s trading system provides traders with an overview of their open positions and a trading history segment that allows them to view their trading at a glance. There’s also a chat section where traders can socialize with each other and discuss the latest industry trends.
The charting tool on offer enables traders to select from a plethora of options such as Line Charts, Bar Charts, Area Charts, and Candle Charts. Users also have the luxury of choosing from a range of graphical tools that consist trend lines, Fibonacci lines, simple line, and horizontal lines. There are also technical indicators which traders can utilize for their trading convenience. These indicators include RSI, MACD, MA, Stochastic Oscillator, as well as the Parabolic SAR.
Mobile Trading Platform
IQ Option offers traders a feature-packed mobile trading platform that lets them trade from anywhere in the world without having to sit in front of a computer screen. The software is equipped with almost all the features offered by the web-based platform. Android/iOS owners can download the app from marketplaces such as Google Play Store and Apple App Store.
IQ Option has a wide range of products that would allow traders engage several markets. What’s more, the company’s trading platform now allows you to trade crypto-based CFDs, which consist of 15 assets. The forex section lets you trade various currency pairs. Like the rest, the options segment offers several tradable assets. In particular, the assets you can trade on this site include:
These cryptocurrencies are paired with the USD. Crypto/crypto pairs are also available.
JP Morgan Chase
Exxon Mobil Corporation
Johnson & Johnson
Royal Dutch Shell
Procter & Gamble
Bank of America
IQ Option clients can speculate on the price of a variety of assets. These include:
IQ Option also offers ETFs trading which can be conducted the same way as you do common stocks. ETF trading allows you to track indices, commodities, as well as baskets of valuables.
IQ Option Fees
IQ Option does not charge any fees for deposit and withdrawals. However, the company can charge you a commission if you open an unleveraged CFD cryptocurrency trading position. The amount charged ranges from 1 percent to 2.5 percent of the transaction. In the same vein, IQ Option charges clients a swap fee of 0.03 percent of the face value of the position for keeping the position open overnight.
Deposits and Withdrawals
IQ Option offers traders a variety of channels through which they can deposit funds into their trading account. These include:
Credit/Debit Card. IQ Option customers can deposit money into their trading account using credit or debit cards such as MasterCard, VISA, and Maestro.
iDEAL. Traders who utilize the IQ Option trading platform can deposit funds online through their own bank. The company accepts payments made with iDEAL.
Skrill. IQ Option can deposit funds into their accounts using Skrill.
Qiwi. Traders can make payments online using their Qiwi Wallet.
Traders can withdraw funds from the platform using the same channels.
Before investing in any trading platform, traders like to know that the security of their funds will be guaranteed as well as how it is done. Funds security helps to guard against losses that may occur due to unforeseen contingencies. On its part, IQ Option is a reputable organization that is licensed and monitored by the Cyprus Securities and Exchange Commission (CySEC) under license number 247/14. IQ Option is also registered with other reputable financial regulatory authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Commisione Nazionale per le Societa e la Borsa (Consob) in Italy, BaFIN in Germany, as well as Regafi in France.
This suggests that IQ Option complies with a lot of rules. CySEC, for example, requires brokers under it to segregate client’s funds in a bid to protect customers’ investments. The robust and rigid procedures put in place by CySEC and all the other regulatory agencies means that your funds are held with care and diligence. Further, CySEC is a member of the Investor Compensation Fund for CIF Clients. This means that your investment in IQ Option is covered. Therefore, in the unlikely event that the organization gets in the red, you will be reimbursed the funds owed and handed over the financial instrument which IQ Option owes you.
IQ Option has no restrictions regarding the minimum withdrawal amount. However, you will need to contact the company’s support team if you want to withdraw an amount below $2.
IQ Option accepts clients from all over the world with the exception of those who are resident in countries like the USA, Belgium, Iran, Japan, Sudan, Turkey, Canada, Australia, Syria, Israel, Russia, and France. Asides these nations, you can trade from any country in the world without hindrance.
IQ Option provides 24/7 customer support services to clients via several channels. The website offers support in numerous languages, so non-English speakers shouldn’t have issues using the site. The mediums include:
Customer Support Telephone Numbers
IQ Option offers country-specific support via phone. These include
Russia: (+7 800 333 47 55 (toll-free))
Germany: +49 30 255558698 (Berlin), +49 80 07237957 (toll-free)
UK: +44 20 8068 0760 (London), +4480 0069 8644
Austria +43 8 008 02 861(Toll-free), +43 7 202 30 905
Brazil: +55 80 0878 3257(Toll-free), +55 61 3550 0638(Brasília)
Singapore: +65 3163 7458
India: +91 000 800 040 13 61(Toll-free)
South Africa: +27 87 550 21 61
Portugal: +351 882 880 034(Toll-free), +351 308 807 766(National)
Spain: +34 90 086 16 12(Toll-free), +34 91 123 87 48(Madrid)
Thailand: +66 2 104 07 95(Bangkok)
France: +33 805 080 419(Toll-free), +33 184 887 636
Italy: +39 06 9480 0470(Rome), +39 80 059 7127
Australia: +61 261 452 936(Canberra)
Argentina: +54 115 173 7455(Buenos Aires)
Chile: +56 442 045 012
Colombia: +57 800 755 0167(Toll-free)
Mexico: +52 18 002 889 985(Toll-free)
Traders can reach the IQ Option customer support team by utilizing the live chat feature. Visit the company’s website at https://iqoption.com/en to do so.
Traders who wish to contact support via email can send a message to email@example.com. Similarly, if you are having issues depositing funds, you can send email to firstname.lastname@example.org.
IQ Option offers an FAQ section that answers most trade-related and account-specific questions. You may want to visit https://iqoption.com/en/faq to see whether an answer has already been answered before you proceed to contact support.
IQ Option is making an effort to build a brand, but the lack of regulation is hindering the company’s efforts at doing so. A neatly done trading platform that provides all trading essentials and 24/7 trader access to customer support are two strong areas that iQOption has in its favour.