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Review

IQ Option Broker REVIEW 2020

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Overview

Founded in 2013, IQ Option has become a universally recognized trading platform. IQ Option sits currently at the top among binary options trading platforms. Although new in the industry, it is easy to notice that they are at the top of their game.

Accommodating 13 different languages, IQ Option continues to push itself beyond the competition. Currently, IQ Option offers the highest payout among binary options firms. So, how do you know if this is the broker for you? In this review, we shall dig deeper into what makes IQ Option a formidable force in the online trading space.

iq option broker home page

Account Types

Demo Account

IQ Option’s demo account allows the investor to try out the binary options world. In the demo account, you start with $1,000 in virtual funds. The demo account comes with specific limitations. For example, you only get 13 assets to trade. The demo account is excellent for beginners. The advantage is that you do not need a deposit, telephone details, or credit card information.

Real Account

Once you build your confidence after hours of practice in the demo arena, you can sign up for the live account. With the real account, you can choose from 70 assets. You can start with a small deposit, as low as $10. You can also compete among like-minded enthusiasts in virtual trading competitions. Withdrawals are fast. Your payout will be processed within one business day.

VIP Account

VIP members get more assets to trade and additional features. For example, you can trade up to 77 assets, and you get a personal manager assigned to you. You also get access to your withdrawals in under 24 hrs.

Trade Types and Payouts

Among binary brokers, like BinaryCent, it is common knowledge that IQ Option excels in their payout systems. IQ Option has the most traded assets and the highest profit potential (around 84%). Profit is not a guarantee as it depends on expiry times and the assets you select.

The IQ Option is very intuitive. You can begin trading as soon as you log on to the site. Once you are set, select the type of trade option you prefer. Finally, select the amount you wish to trade.

IQ Option has some of the best proprietary trading platforms. It is almost impossible to get confused. There are two types of trading on offer. You can trade the classic binary option (call/put trades) or the turbo option.

  • Call/Put Trades: This is where you predict whether the price of the asset will be higher or lower by the time the clock runs out. Expiry times in Call/Put trades are more than 15 minutes.
  • Turbo Trades: The concept of trading is similar to call/put trades. The difference is that the expiry times range from 30 seconds to five minutes.

 

iq option broker app and web platform

Mobile Trading

Available on Android and iOS, IQ Option is among the best mobile trading platforms. The success of the application is a simple yet beautiful user interface. With this application, you need not fear missing out on information that you would otherwise see on your desktop.

Deposits and Withdrawal

IQ Option has an extensive list of deposits and withdrawal options. You can make deposits and withdrawals with all the major credit and debit cards. The broker abides by the strict European banking safety regulations. IQ Option also prides itself on its high-security systems. It super list of deposits and withdrawals options beats almost  every other broker, even major brokers like IG Markets and 500.Trade.

Withdrawals are simple. Whether you are on your desktop or mobile platform, you can make a safe withdrawal. It takes about one business day to process your withdrawal funds. For VIP members, they could have their payouts in less than 24 hours. The customer care agents are available 24/7 to handle any queries.

Conclusion

Is IQ option a scam? IQ Option is currently the top binary trading platform in the industry. Their trading conditions are highly legit and safe. IQ Option adheres to regulation and licensing by the CySEC, one of the trading industry’s leading regulators. IQ Option is highly visible on different avenues of contact. They also have such a strong social media presence.

Equally impressive is IQ Option’s payout and rebate ratios, greater than brokers like ActivTrades and other dealers in options. If that doesn’t impress you, there is always their low deposit requirement. With as little as $10, you can set up a trade.

With a technically advanced trading platform, IQ Option is committed to providing clients with high-level service and support. All factors considered, when it comes to binary options, IQ option has our stamp of approval.

If I were to have an IQ Option rating, I would award a generous 4.5 out of 5.

9.0

IQ Option Review

Have a quick look at what our experts are saying about IQ Option.

Education:

6.5

Ease of Use:

9.9

Reliability:

9.6

Customer Support:

9.9

Pros

  • Demo Account
  • 13 different languages
  • $10 minimum deposit

Cons

  • Only 70 assets to trade
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