IQ Option is a Cyprus-based financial services company and is controlled by IQ Option Europe Ltd.
The website was established in 2013 and controlled by IQ Option Ltd. IQ Option quickly became one of the fastest-growing online trading platforms in the world.
IQ Option claims to have more than 40 million account holders worldwide.
IQ Option has really made online trading accessible to all with its low minimum deposit requirement of $10 and a free demo account.
Speaking of IQ Option India, Many Indian traders have an interest in IQ options trading, but most of them don’t know whether that is possible or not.
If you approach the broker’s support, they claim it’s legal in India. You have to decide carefully.
You’ll be able to obtain the below information from the IQ Option Review:
- Whether it is meeting your trading needs or not.
- Different kinds of accounts are offered by them
Pros & Cons
Following are the pros and cons we have found in our IQ Option Review:
| Pros | Cons |
| EU site under the regulation of CySEC. | Certain countries cannot use the IQ Option. They are Australia, the USA, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Pakistan, Palestine, Russia, Sudan, Syria, and Turkey. |
| Variety of trading products and asset classes. | Does not provide MT4 and MT5 trading platforms. |
| Date Blog with technical analysis and valuable tools for stock research. | Only professional customers have binary and digital options available. |
| It is available on PC, Mac, Android, and iOS. |
IQ Option Trading Platforms
IQ Option is a leading trading platform that offers its users a wealth of alternatives.
Having started as a binary options broker, IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks; Exchange Traded Funds (ETFs), Cryptocurrencies, Forex, and a range of different digital options.
- CFD on Stocks:
IQ Option allows customers to trade CFDs on stocks with over 176 different companies, including the most successful companies listed on NASDAQ and NYSE.
- Cryptocurrencies:
Users can trade 12 of the top cryptocurrencies, which include Bitcoin, Litecoin, Ripple, Monero, Zcash, Omisego, Ethereum, IOTA, and Dash.
- ETFs:
ETF trading is relatively new, and ETFs track commodities, indices, and baskets of assets.
They can be traded in the same way as common stocks, and traders can select from approximately 4288 different ETFs.
- Forex:
FX trading, or Forex, is a widely famous trading market, and IQ Option offers access to a somewhat 188 currency trading pairs.
This enables users to easily trade in their preferred foreign currencies.
- Options:
Users can speculate on various assets, including currencies, stocks, indices, and commodities.
At present, the platform provides a gateway to more than 10 million options.
Mobile Trading
For traders who cannot remain for a longer time with their trading terminal, they can install the mobile trading app offered by IQ Option free of cost.
The mobile trading app, specially designed for smartphones and mobile devices, enables traders to monitor their accounts’ status, stay up to date with the changes in the market, and execute their trades.
Trading Accounts Offered By IQ Option
IQ Option provides below three accounts:-
- Demo Account
IQ Option offers a demo account, just like many competitors. Yet the demo account of IQ Option stands out.
This is simply because there’s no restriction on how long the demo account can be used.
A demo account allows investors to test the binary trading world by practicing $1000 available for free. Of course, there are limits to this option, such as allowing only 13 trading assets available.
There are other trade restrictions; however, this is a free demo account, and it educates and helps all new beginners to build up trust.
You don’t need to provide personal information before you use it is an essential element in the demo account.
Non-requirement of personal information for a demo account helps potential customers to protect their privacy.
- Real Account
A minimum deposit of only $10 is required to open a Real Account. This account offers access to more than 70 properties, and users can seek withdrawals that are processed within 24 hours.
- VIP Account
For a VIP Account, you have to place a $1900 or equivalent deposit in other currencies or have a $15,000 trading volume.
Both types of trading accounts, i.e., Real Account and VIP Account, give investors the right to participate in weekly trading competitions of IQ Option.
However, the VIP account holder enjoys additional trading benefits, such as free participation in trading promotional activities, 3% additional earnings, and personal management services.
Sign Up For IQ Option
The way to get started is by signing up via Facebook, Google, or only by using an email address to create an account.
Once this is done, you can instantly use your practice account. You will be notified by a pop-up of creating both your practice account and your real account.
IQ Option has created its own proprietary platform, which makes navigating the website a fantastic experience.
The free demo account also permits users to trade all of the underlying assets.
In this way, there is a range of options for trade types, and investors can switch quickly between their desired assets.
Platform Regulations
IQ Option comes under the regulation of the Cyprus Securities Exchange Commission (CySEC).
The company is permitted under CIF license # 247/14 to provide financial services to clients from the European Economic Area (EEA).
The company complies fully with and is authorized to sell its products to clients in several jurisdictions under the legislation described by the Commission.
Copytrading Option
IQ Copy Trading is one of the world’s fastest-growing automated online trading software.
Their best binary options trading has been expanded using several strategies based on a copy of trade by user ID, copy of trade through rank, Metatrader connector, and Copy Signal from Server.
The following are the features of the Copytrading Option:-
- Automated Trading
Robots are fully programmed. You do not have to do anything about it. Run it and set the sum for trading and stop making a profit. That’s enough. The robot will automatically make money for you.
- Copy Trade By Rank
You can copy the trades of a professional trader and earn money using their strategy.
- Copy Trade By User ID
You can copy trades of any trader by their user ID from the IQ option platform. The robot will automatically follow their trade 24 hours upon your choice.
- Metatrader Connector
The Metatrader connector automates any profitable technique and enables trading directly on your IQ Option account on a full Auto Pilot.
It immediately and reliably copies trades and works with demo and real-time accounts.
- Copy Signal From Server
The robot will receive a signal from its server when you select this strategy and automatically place a trade on your IQ Option Account.
- Detect Tool
Users can find who is making how much money and how many trades are executed using detect tools.
You can copy their user ID and copy all of their trades using Copy Trading by User ID strategy.
In short, by using the Detect Tool, you can find the real profitable trader list on the IQ option.
- Top 100 User ID
This tool provides you with the Top 100 trader IDs from the IQ Option leader board to do copy trading through your user ID.
Education Materials
IQ Option offers many educational videos in their ultimate trading hub covering a wide range of topics.
In the video tutorial section, there are numerous beginner and advanced trading topics.
The Crypto Digest and Market News sections comprise the most videos and the latest market actions.
Latest Offers
This broker does not offer a wide range of bonuses to account holders.
They are no longer allowed to offer new traders bonus incentives because of new regulations for EU-based CySEC licensed brokers.
However, speaking of IQ Option offers, specific coupons are available on zoutons.com and valid till 31.08.2020 as shown below:-
- IQ Option Offer – All Trading From Rs 75 – valid for all users
- IQ Option Deal – Users get a Free Trading Account – valid up to 31/08/2020
- IQ Option Coupon – Users Get Up To 900% Potential Return – valid for new & existing users.
- IQ Option Offer – Upto 95% Profit on Binary options – valid up to 31/08/2020
- IQ Option Deal – Win Up to Rs.37,56,667 – valid for all users
You will get specific details about the deal by visiting their landing page.
Transaction Charges
You have to consider the following points with respect to IQ Option Charges:-
- Spreads:
Spreads are the difference between purchase and sales prices. Often this is variable and depends on volatility, liquidity as well as the time of the day.
- Swap Fees:
These payments are valid for overnight positions. Charges range from 0.1% to 0.5% and will increase if positions are held throughout the weekend.
- Fees For Dormant Account
IQ Option begins charging a fee of € 10 per month if it is dormant for 90 days.
- Fees On Withdrawal
For most of the services, fees are not being charged; however, you have to pay a charge of $31 in the case of Bank Transfers.
- Commission
Commission of 2.9% is charged for specific cryptocurrency trades; however, this fee is not applicable for any other asset.
Deposits & Withdrawals
Concerning the IQ Option Payment method, several methods of transfer of funds have been supported by the broker.
These methods are including credit card transfers, e-wallet transfers, and bank wire transfers.
Credit cards that are accepted include the VISA, Mastercard, and Maestro. The eWallet options include popular wallets such as Neteller, Skrill, Perfect Money, and Webmoney.
Traders can also use the same approach to withdraw funds that they used to make a deposit in the first place.
Withdrawals are easy and can be carried out on both the desktop and the mobile application.
Processing the withdrawal of funds usually takes about one business day; however, If you’re a VIP member, it’ll take you less than 24 hours.
Customer Service
Speaking of IQ Option Customer Support, IQ Option offers customer support 24 hours a day, seven days a week in English, Portuguese, and Spanish, via Live Chat, Phone, Email, Telegram, and Social Media.
Even though IQ Option has free demos and educational videos through their website, they also have a YouTube account in which they regularly upload videos to help users and show newcomers how easy it is to trade.
Conclusion
From IQ Option Review, we can conclude that IQ Option is an excellent platform that gives its users a great value.
The demo account IQ Option does not expire, and with it, traders can enjoy all the features and tradable instruments of the IQ Option Real Account.
The sense of security is bolstered by the licensing and regulation of CySEC, one of the industry’s leading regulators.
The broker provides trading on more than 345 + trading assets across Forex, Stocks, Commodities, Cryptocurrencies, and ETFs; however, no Indices at this time.
The IQ Options trade platform can be used on PC, Mac, Web, Android, and iOS, and is unique, yet user-friendly.
They give their customers a high level of customer service and support when they need a technologically advanced trading platform and an outstanding mobile trading system along with a broad range of assets. Finally, the customer support of IQ Option is outstanding, and customer support is provided 24 hours a day and seven days a week.