In the past few years, binary option trading has become more and more popular. However, it is imperative that you are fully aware of all its processes and intricacies before you become actively involved. In the binary trading market, IQ option has made its mark with considerable levels of enlargements and progressions since it began operations in 2013. Ensure to read this honest IQ Option review to find out more about this forex and binary option broker!
Currently, IQ option is available in all countries worldwide, exclusing: Afghanistan, Albania, American Samoa, Australia, Belarus, Canada, Comoros, Crimea, Cuba, the Democratic Republic of the Congo, Donetsk and Luhansk People’s Republics, Eritrea, Ethiopia, Guam, Haiti, Iran, Israel, Japan, Libya, Mali, Myanmar, North Korea, Palestine, Republic of Abkhazia, Republic of South Ossetia, Russia, South Sudan, Sudan, Switzerland, Syria, Transnistria, Ukraine, the United Kingdom, the USA, Vatican, the U.S. Virgin Islands, and any country of the European Economic Area (EEA). If you are living in one of the restricted countries, you can find the best broker for your needs below!
Update: Trading for EEA countries is restricted, if you are looking for a broker without restriction for EEA countries, check out Optionblitz or Buffer Finance!
IQ Option offers more than 100 assets as well as expiration times starting from 1 minute up to several hours or days for normal binary options! IQ Option also offers a demo account without deposit to offer a risk free way to start trading binary options! In the last 4 years, IQ Option became one of my favorite broker for binary options and traditional options as well!
Click here to sign up for a free demo account!
There are many interesting features and tools IQ Option offers its customers, lets take a look at the most important positive aspects making IQ Option my main broker right now :
Overall, IQ option really meets my needs when it comes to binary option trading! OThe main downsides I´ve faced in my test of IQ Option is the slow trade execution. This isn´t a problem with long expiration times, but can be a problem with short term trades! Not sure if this works better with a better internet connection or another PC setup!
The free demo account is another positive point as it allows testing new trading pattern or methods without risking any money, this is a key point to become a successful trader!
Click here to sign up for a free demo account!
The chart system IQ Option offers its traders provides the basic tools to analyze charts like trend lines and the Fibonacci retracement, as well as the most popular indicators like MACD, Moving Average, Stochastic, Parabolic SRA and a few more! You can also choose the timeframe between 5 seconds up to 1 month!
One interesting aspect IQ Option has to offer are the tournaments. For a fee between 4–50 USD, you can enter one of the many tournaments. In this case, you will get a tournament account with a specified balance! The prize awarding system varies from one competition to the other, but in the most cases the price award will be spread between the best X traders. IQ Option tournaments are an interesting thing and can be used by all traders with a verified account!
IQ Option scores a major point with their account types as they made it very uncomplicated. There are just 2 types of account on the IQ Option platform, real and VIP (The free demo account can be used parallel). Just as the names implies, the VIP is exclusively meant for traders with more than $3000 as deposit for trading. For traders running the real account and seeks an upgrade to VIP, it is usually an automated process that would be indicated once your deposit reaches or surpasses $3000. While the two accounts are practically the same in all areas of trading such as unrestricted access to various trading avenues, admissibility to tournaments, actual and sample trading exchange and every instructional and informational material, the distinctions are embodies by the following: one day withdrawal as opposed to three days required for real accounts, a courtesy once-a-month analytic data and a private fund manager.
Because IQ Option cares about newcomers and wants them to understand all the intricacies of binary option trading, the created a Demo Account for potential and existing traders to explore for an adequate training on how to function efficiently on the platform.
Most deposits should be processed near instantaneously, depending upon which method is used to complete the transaction. IQ Option aim to process all withdrawals within one business day – but this is only guaranteed for clients who have met the VIP status deposit requirements. At most, withdrawals will take three business days to process. There are no restrictions on amounts to be withdrawn, although the maximum deposit amount over 24 hours is capped at $1m.
Click here to sign up for a free demo account!
IQ Option incorporates the highest standards required for withdrawals and overall maintenance of account operations, using high-tech encryption to guarantee maximum safety. The withdrawal and deposit process is designed to accommodate a sweeping number of electronic cards and payment options which are contained in the following: Credit Card (Visa/MasterCard), Maestro Card Bank Transfer, Skrill, WebMoney Cash U Moneybooker POLI and many more. The encryption measure would not create any form of complication for clients but would make it extremely difficult and impossible for unauthorized actions to be carried out on your account. In simplest terms, it can be asserted that the account system implemented by IQ Option is failsafe and very expedient for clients operations.
Without any reservations or doubts, IQ Options is a great choice for you to begin your binary trading using their demo-account. IQ Options is particularly efficient, and and offers a top notch trading platform as well as a great support. From a historical standpoint, you would find that IQ Options experienced consistent expansions in customer based, turnover and number of operation in a very short while. This is evidence of the efficacy and reliability of its binary trading service. With endorsement for the best mobile app and interface that heighten users experience and multiple instructional materials for new comers to utilize, you can be sure that IQ Options is a welcoming site.
Let us not forget the introduction of the demo account which makes allows you to explore all of the possibilities and experience firsthand how to operate with a heightened level of efficiency. When you examine all of the aforesaid benefits closely, you would find that IQ Options is a genuine binary trading company that cares for the enrichment of clients through topnotch service that is easy and convenient to use.
The customer support system is also encompassing and delivers top-notch quality to clients who would require it. New traders can use their demo account and training section to learn the basics of binary options!
Click here to sign up for a free
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