IQ Option Review
One of the hardest things to do when it comes to binary options trading is to pick a trading site to start trading. There are literally hundreds of different choices out there. That is the main reason why we take our job of doing reviews so seriously because we understand that you don’t have all time in the world to go through and look at all these sites to trade on yourself. Today we will take a look at a popular and innovative binary options broker: IQOption or IQOption.com
IQ Option launched their service in 2012 and has attracted a steady amount of traders since then. When we do a thorough check online we found the site gets very good reviews and is generally considered with high regard by those that have traded with them. Therefore, IQ Option caught our attention when we discovered how many that traded with them highly recommended IQ Option. Here is our review of IQ Option of what we feel is a very well done and worthy trading site to trade binary options on. In this review, we will walk you through everything from the signup to the site right on through to how to place trades as well as customer support.
IQ Option Sign Up
The landing page for signing up to the site is very easy to understand and direct, the page was echoed in the actual signup process to access the website. All We have to do is just fill out a simple form, verify our identity by providing some information like First Name, Last Name, Phone Number and then make a deposit to gain access to use the broker for placing binary options trades. Basically, IQ Option was very similar to other web brokers we have signed up with and it’s a very simple process to get the sign up done.
The first thing we notice after signup was the minimum deposit, we were amazed that all it took was a low minimum deposit of $10 USD or British Pounds to get started trading. That is basically the lowest deposit we have ever seen to enter into trading with a binary options broker; that type of dollar amount really lets anyone who wants to trade binary options do it despite their limited income. Furthermore, we decided to invest a little more than that because we wanted to see how well their bonus worked but so far we were not turned off at all by the signup process and were looking forward to seeing what else they did right with their trading website.
There are simply a lot of bonuses that this innovative binary options broker offers its customers. Once you start trading on the site you will notice when you hit certain trading time, you will immediately unlock a trading bonus that’s totally unexpectable, the notice will appear on the trading dashboard. Surprises in the form of extra money to invest with are never hard to take.
You can also get up to a 100% first deposit bonus on the amount you deposit. This type of money gift is a great way to feel you are not risking your hard earned investment money as you get better at binary trading and you also get used to using a new trading platform, charting and general system. What is nice about IQoption is that even the lower account type still offers a great 80% signup bonus offer; so even if you only deposit the minimum requirement of $10 you will still get a few extra dollars to kick start your trading career; how good is that?
Types of accounts
At IQ Option, unlike most other Binary Options brokers, IQOption likes to keep it simple and treat everyone fairly no matter how much they invest, therefore there are only two different account levels on the website:
- IQ Option Standard Account
- IQ Option VIP account
We have been telling traders all along that IQOption is among the most innovative websites that we have ever come across. How do we know this to be true? How about the fact that they were the first to offer their account holders a free demo account for any traders to practice and learn trading without spending a dime; it was a tool that sent a ripple effect throughout the industry as many online binary options brokers and binary option robot followed suit and added them to their list of learning tools.
Their free demo account helps those that trade with them learn how to operate the web based platform and it also teaches them the finer points of binary options trading before they enter the actual trading platform and start risking real money. Demo accounts offer clients a risk free introduction to binary options trading for sure, because there’re still someone who are skeptical with Binary Trading. IQ Option’s stand-alone demo program even includes an educational webinar for traders that goes along with it.
You know that you’ve come to the right place when there’re over 70 different assets for you to choose from. You has the choice to trade their favorite and famous stock such as Wal-Mart, Google and Apple. IQ Option offer to choose between Indices, Stocks, Commodities and different currency pair to trade from. There’s of course enough assets variety as well as market opportunity for traders to capitalize and make money.
IQoption decided once again to be innovative and design a trading platform that would definitely appeal to most traders and at the same time, be simple to use and understand. Well, turn out they did a great job at this. Their trading platform is among the best we have seen and almost flawless while trading.
It is laid out nicely and easily menu driven. It also has unique zoom in, zoom out and custom layout features which are quite unique to say the least. It is a platform that will appeal to all level traders from beginners to Professional traders.
The well-designed trading platform makes it super easy to start trading on the website. The minimum investment is $1 and the maximum investment is $1000 dollars so it gives you and the other investors wide range of investment options you can use based on how assured you are in the trades you want to make and the amount of risk you are willing to take.
All you need to do to start placing a trade is sign onto the website and go to the trading page. From there, you select the type of option you want to trade, the asset you want to trade with the option and the amount you want to invest. All this can be quickly done with just a few simple clicks of the mouse; it is really that effortless to place and execute a trade on IQ Option trading platform. With the right tool, you will be spending your time picking winning trades instead of other complicated trading platform
Return on Investment for
What is the best thing no matter what binary options broker you are using? That is right, it’s all about making successful trades and IQ Option gives you all the tools you need to make that happen on a daily and consistent basis. When you do make a successful trade you will often bank as high as 92% on the money you invest. That is a return on investment that is much higher than any other form financial trading and as good as or better than you will see with most other binary options brokers. The return of investment within just a few minute is mind blowing compared to other investment activities.
It is as easy to make deposits on Iqoption because of all the different banking options you can deposit. IQ Option allows traders to use: Visa, MasterCard, bank wire transfer, Skrill (MoneyBookers), POLI, Maestro, CashU and WebMoney.
As was mentioned before the minimum deposit of $10 is extremely low compared to the rest of the binary options brokers, usually the minimum deposit is $250.
Making withdrawals is a very streamlined procedure also. They will generally be processed within 1 to 3 business days and they can be done in many of the same forms as was used to make your deposit. Please keep in mind that in order to make your first withdrawal, you may need to send IQ Option scanned copies of your government issued ID, a scanned copy of a utility bill and a scanned copy of your signed credit card if that is the withdrawal method you are using. That’s to confirm your identity and to prevent online thief.
There are fees from $5 – $10 depending on the withdrawal method, so you have to be careful there even though the minimum withdrawal is only $10.
Customer support was very helpful and very good at resolving issues. There’s email support available and they’ll answer your trading related question or any inquiries within hours.
Of course you are assigned an account manager that can help you with any issues or concerns you have while using the site, you’ll be able to contact him/her via email or skype. However, they are not available 24/7 so sometimes you may end up waiting for a response.
It is really easy to understand why IQOption.com became so popular so fast. We loved that they were very innovative to build their own web platform, instead of using the traditional spotoption platform that’s well-known for lagging. We also give high praise to any trading site that is confident enough in their business to get a regulation license.
They back the whole lot up with very good customer support and the high point that get on reviews like this show their dedication to help those that trade with them be successful and leave them with a great trading experience. Simply put, we give this binary option broker a big recommendation to any traders with or without trading knowledge. Give them a try and you won’t regret it for sure.