IQ Option was founded in 2013 and is a very serious player, regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 247/14. In Sweden they are also regulated by the Financial Services Authority (FI). They are also registered with The Financial Conduct Authority (FCA) in the UK and their counterparts in Italy, Spain, Germany, France and the Netherlands.
IQ Option holds a total of five licenses from various financial institutions, the highest number of all the brokers represented at binäraoptioner.se. They have also been recommended by the NASDAQ as the platform that offers the best conditions and safety for its customers. Hence, it has a very good reputation, and many investors believe that IQ Option is the best in the industry.
IQ Options’s platform is very impressive; their site has a sharp design and is very user friendly. For example, you can show up to four graphs in one window and make multiple trades on the same chart simultaneously. You can customize how the data is presented in different ways, etc.
You can also find current real-time news and real-time warnings of trend changes. IQ option runs fun social features. For example, you can follow other investors and see lists of the most successful traders/investors.
They also focus on training its investors and have an excellent interactive training system. It is clear that IQ option really wants to turn to less experienced investors, which we think is a positive feature.
IQ Option provides regular binary options and options with various time intervals from 60 seconds up to 1 hour. They also have long term investment of up to several months.
They offer over 70 commodities, currencies, equity indices and individual stocks. The emphasis of binary options is on the currencies and stocks. In commodities, you can only trade gold, and with stock indices, only the very biggest are available at IQ option.
IQ Option runs different bonuses each month. The last we saw was a 28% on a deposit of more than €80. This might seem quite low, but on the other hand, their wagering requirements are never higher than 35%, which is low, possibly the lowest in the industry.
In addition to the bonus, IQ Option runs a bunch of different competitions and tournaments that serve as a good incentive for investors everywhere. It’s possible to earn a good bit of money if you win these tournaments, which is why we see it as a kind of bonus. When you join a tournament, you compete against fellow traders worldwide. The way it usually works is that whoever has the highest account balance at the end of a tournament will win a large percentage of the total buy-in from all investors who competed. It can be a hefty sum in the end.
DEMO ACCOUNT AND ACCOUNT OPTIONS
IQ Option provides the industry’s best demo account. Once registered, you will get access to a demo account loaded with €1000 in virtual currency. Here you can try trading in binary options with no risk of losing any money. As a beginner, it is fantastic chance to be able to learn more about the platform and investment form without having to invest in real life. IQ Option’s generous demo account is one of their main strengths.
In addition to the demo account, IQ Option offers two different types of accounts: IQ Real Option Account, which starts with a deposit of €10, and IQ Option VIP account for those who make a deposit of €1,000 or more.
IQ option is also available for mobile devices, both iOS and Android systems. Their app is sleek and easy to use, and you have the opportunity to trade in binary options wherever you are, as long as you have an active internet connection. The app is basically the same as the trading platform, though smaller in size, so if you only want to use your phone or tablet for trading, this is quite possible without missing out on any important features.
DEPOSITS AND WITHDRAWALS
Again, IQ option impresses with its record-fast deposits and withdrawals. IQ option takes security very seriously, and to make your first deposit they require that your documents have been approved, which today is a fast process. The minimum deposit is €1 and the minimum withdrawal is €10 per day and only takes a day to conduct, which is more than twice as fast as the competitors.
Through the site you will be offered customer service in English around the clock. To contact the support team, you can use e-mail, a form on the site, live chat and Skype. They will respond within one hour. IQ option also has a very good FAQ. So before contacting the customer service, you might see if you can find the answer to your question there.
IQ Option themselves say that they want to offer the best conditions in the industry and they succeed almost entirely. We are over the moon about their platform, generous demo account and their payments of up to 92%. Bonus offers vary, but the wagering requirements are low. Fast deposits and withdrawals without any problems are another check off the list. In the case of options, it is somewhat limited, perhaps because they have a large focus on beginner traders in binary options. This, along with the fact that they do not have a Swedish customer service, pulls down the overall rating slightly.