IQ Option Review 2022: Key Features & Alternatives.
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Cost Value.
Customer Service.
Ease of Use.
Included Features.
IQ Option is an investment platform and software development company for international traders.
Very user-friendly interface Easy to deposit money Highest levels of remuneration for binary trading.
Not available to traders in the US You will need a lot of RAM Cannot withdraw money suddenly.
Stocks, forex, crypto, and CFD trading Trading online on desktop and mobile trading Multi-lingual support Refillable free account for practicing with virtual money.
Founded in 2013 Trading platform Based in St. Vincent and Grenadines.
IQ Option was created in 2013 and is a proprietary trading platform for investing in binary options, ETFs, cryptocurrencies, and more.
They make it easy to deposit and make withdrawals, and are available both on desktop and mobile app access, so online trading is possible on IQ Option from anywhere you have Internet access. Plus, with an IQ Option demo account, you can practice your trades beforehand in order to avoid losing real money.
They also provide a multi-chart layout, technical analysis, historical quotes on a financial instrument, and much more to help you make good investment decisions.
However, it is essential to point out that the IQ Option trading platform is not available to people in the United States. So if you live in the US and want to make a trading account to invest money, you’ll have to consider some other trading platforms available for binary options trading.
IQ Option Advantages.
Let’s go over some of the top reasons why you would use IQ Option over another binary options broker.
It’s easy to start trading as a beginner on IQ Option because of the intuitive layout and simple-to-use interface they have. The IQ Option mobile app also makes it easy for you to trade from anywhere, which is a great perk for users of the platforms.
Advanced Trading Tools.
Another great factor of IQ Option is that there are great and advanced tools on the platform to help you execute trades with precision and insights. The different capabilities like technical indicators on forex and CFD trades and other aspects of IQ Option make it a great online trading platform.
Winning Award Trading Platform.
Overall, they are an award-winning trading platform that has been around for nearly a decade, so it has garnered quite a bit of support and respect over the years. Many view them as a reliable broker given their history in the space, especially as a mobile trading app.
24/7 Support Services.
Lastly, they offer 24/7 customer support for their customers with trading accounts from all over the globe. They can help you troubleshoot a number of issues like bank transfers, a withdrawal request when you’re trying to withdraw funds, account status, and more.
IQ Option Features.
Now let’s cover some of the features of having an account with IQ Option.
IQ Option Platform: Safe and Trustable.
Many view IQ Option as safe and reliable, though be aware that there are many reviews out there that voice issues with getting withdrawals properly and adequate assistance from the support team. Their long-standing position in the industry is a plus, though don’t overlook some of the concerns from prior customers, either.
Investment Products.
There are a variety of investment products on IQ Option, including stocks, cryptocurrency, forex pairs, and exchange-traded funds on their intuitive trading platform.
Different Types of Trading Account.
Another feature of IQ Option is that they have a number of trading accounts available to users, which we’ll cover here.
Practice Account.
IQ Option’s free demo account is a place where traders-both beginners and experts–can try out new strategies without the high risk of losing like in the actual markets.
Real Account.
The base account for IQ Option traders is the Real Account, giving traders the full experience for just a minimum deposit of $10. This account gives you access to over 300 assets and a practice account.
VIP Account.
The VIP Trading Account with IQ Option gives exclusive benefits and offers to users, which include high profitability rates, a personal account manager, and free participation in IQ Option’s tournaments with a VIP Account.
Professional Account (EU Traders only)
Users in the EU can get a Professional Account, which is for experienced traders who can make good risk assessments and good trading decisions. They must be properly authorized and must have over 20,000,000 euros on their balance sheet, among other financial restrictions. This also comes with negative balance protection and higher leverage permitted.
You can’t withdraw cash instantly from the platform, though many users show that you can get a withdrawal fairly quickly from your account.
Flexible Deposits.
There is only a $10 minimum for deposits, which is very accessible for most people who want to trade on the platform. You can use a number of different payment service providers to replenish your account with all your funds, including WebMoney, Neteller, AdvCash, Skrill, Perfect Money, Government Savings Bank in Thailand, credit cards, and more.
Affiliate Program.
They also offer another way for its users to make money by joining their affiliate program.
IQ Option Quick Overview.
Best Overall Value.
Low minimum deposit and trading costs Helpful technical indicators and trading tools Exciting trading competitions to earn more.
IQ Option Customer Reviews.
IQ Option doesn’t have a great reputation with customers as you can see on Trust Pilot. Let’s see what some users have to say.
I use their platform to implement my short-term trading strategies and some of the medium to longer time ones, and the good thing about this platform is it can host both strategies. It is adaptive and fairly easy to use even for newbies. Thiago.
They have reduced my payout percentage drastically and never restored it despite many requests. This happened when I asked them whether I can connect a bot. I never connected a bot though… Deshiya.
The platform is designed with an algorithm that follow rules that works in the interest of the platform only, and in this business it is a zero sum game. I made a long term trade with them hoping that I will just buy some crypto and leave it for few years until it’s value goes up, but the platform decided to activate an algorithm that will make me exit the trade (as if I was short buying!!) without my consent and without notifying me. Mazen.
This broker is a total scam. This broker stole a total of 405 USD from me. When you withdraw money they will send the money to your account but after a few days, they automatically refund those transactions back to themselves. I gave them proof by sending them my bank statement but their support agents just keep dodging whenever I ask them about this Talha.