|Min Deposit||Bonus||Demo Account||Payout||Score|
BEST BROKER 2017
IQ Option is a large and fast-growing binary options vendor launched in 2013. One of the reasons behind their fast-paced growth rate is their minimum deposit is much smaller than for most other binary option sites. Also, you can make really small trades here.
IQ Option is based in Cyprus and regulated by CySEC. Since Cyprus is a EU member, IQ Option must also adhere to applicable MiFID regulation. In addition to this, IQ Option is registered with the UK Financial Conduct Authority (FCA), reference #670182.
Facts about IQ Option
|Demo account||Yes, unlimited|
|Mobile app||Yes, for iOS and Android|
The trading platform
IQ Option’s v4.0 platform has received a lot of praise among binary options traders online and it is easy to understand why. Visually, it is a joy to watch, and when it comes to functionality it works in a really intuitive way.
The platform comes with a high degree of reconfigurability. You can adjust this platform to suit your needs and preferences, instead of just having to accept it the way it is straight out of the box. A novice trader can for instance elect to have just one single trading window, while an experienced and fast-paced trader can opt to have a whole range of trading windows open simultaneously and arrange them as he or she pleases.
Select the binary option
First, you get to chose binary option type and category of underlying. The window will then update to display available options that fit both selections. Pick a specific underlying and wait for the price graph to update.
Across the top of the trading area, you will find tabs that can be utilized to quickly return to favourite selections.
IQ Option has a big selection of available underlyings and are continuously adding to it. If you miss something, it never hurts to contact them and make a suggestion. In the past, several new additions has been made on the request of clients.
When IQ Option first started, only very short-term binary options were offered, such as the popular 15 minute binary option. Today, their assortment includes several longer-term alternatives, such as binary options that expire at the end of the purchase day, at the end of the week or at the end of the month. IQ Option also offers turbo binary options: 1 minute, 2 minutes, 3 minutes, 4 minutes or 5 minutes.
Most standard binary options at IQ Option pay around 85%, but there are also quite a nice selection of ones that pay more than 90%.
You can utilize the returns slider to create binary options that will have a lower than standard payout if they expire in the money but that will give you a small refund if they expire out of the money. It’s a trade off.
The trading platform includes, among other things, technical analysis tools. Charting is available. You can easily amend the time frame for the charts, change the plot type, and so on. You can add MACD, Bollinger bands and similar. Use the drawing buttons to add freehand graphics, e.g. your own trend lines and support channels.
Mobile trading app
IQ Option has trading apps available for iOS and Android. Both are user-friendly and will work well even on small smartphone screens. IQ Option regularly update their apps to make sure they remain top-notch.
You can download the IQ Option mobile trading app for iOS in the iPhone App Store, and the app for Android from Google Play.
All major credit cards are accepted, as well as wire transfer, certain debit cards and several e-wallets, including Skrill and Neteller.
The minimum deposit is just $10 which makes IQ Option an especially popular choice among novice traders that doesn’t want to commit several hundred dollars to an online broker before knowing for sure if binary option trading is a good fit for them or not. With IQ Option, you can make deposit and start doing real-money trading without breaking your piggy bank.
At IQ Option, withdrawals can be made through credit cards and debit cards, e-wallets and wire transfer. The minimum withdrawal amount is just $10 and IQ Option doesn’t charge any fee for processing your withdrawal request. Two other great reasons to select IQ Option if you’re trading with a small bankroll.
Withdrawal requests are usually processed within 3 days.
A large deposit will upgrade your standard account to a VIP account. Contact customer support to find out how large it must be in your selected currency. For deposits in GBP, the minimum requirement is usually 1,000 GBP.
With a VIP Account, you enjoy VIP perks such as increased return limits and faster withdrawals (1 day processing).
A wide range of educational material is offered for free, including videos.