IQ Option

This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.

Technology and the evolution of finance and investing has allowed many retail investors to access the markets. IQ Option is a trading platform that allows you to trade stocks, Forex, and currencies through different product offerings. In traditional finance, many trading platforms have high capital requirements and that has prohibited many from entering the market. With IQ Option, they have many different products and opportunities to gain exposure and profit from market movements. This article will be an in depth overview of IQ Option, allowing you to formulate an opinion if this is the right fit for you.

What Is IQ Option?

IQ Option, as you can probably guess, is a trading platform that allows for different trading options that include CFD’s. These different products allow you the investor to gain access to the underlying market without owning the asset itself.

A CFD or Contract for Difference is, “a type of financial instrument that allows you to trade on the price movements of stocks, regardless of whether prices are rising or falling. The key advantage of a CFD is the opportunity to speculate on the price movements of an asset…”.

Many data points such as trades made and accounts opened have continued to increase over the last several years. Also, withdraws have increased and processing time appears to be only 1 day, when in 2016 they switched to instant withdraws.

IQ Option in 2022 – What’s New?

The following are the latest facts & figures we found on the About Us page of IQ Option:

• The number of active users at IQ Option rose to 100 million.
• The number of transactions per day increased by over 800%.
• The trading volume per month increased by 2100%.
• Traders withdrew 2.9 times more profits.
• Traders withdrew $20,375,097 per month.
• IQ Option processes payout requests in 11 hours.
• Customer support responds to live chat queries in 43 seconds and to email queries in 20 minutes.
• IQ Option has a team of 79 customer support agents.
• IQ Option accepts traders from 213 countries.
• The online broker processes orders in 0.6 seconds.

In 2018, traders withdraw 3.6 times more in profits than in 2016.

Is IQ Option Reliable?

‘Is IQ Option fraud / scam or real investing opportunity? – one of the most asked questions when it comes to these style of trading platforms is can you count on the reliability of IQ and their operations.

As far as asset protection, beyond the standard protection there appears to be nothing out of the ordinary. IQOption.com appears to be reliable and transparent, but let us continue through the overview.

How Does IQ Option Work?

How to register an IQ Option account?

Registering an account at IQ Option is fairly easy and involves the following steps:

• Click on the orange Sign Up link on the top right.
• An online registration form appears on your screen.
• You have the option of signing up through Google or Facebook.
• Or you can just fill in details such as name and email, create a strong password, check the box to accept the terms and conditions and confirm that you are of the legal game to trade.
• Finally, click on the “Open an Account for Free” to access your account and start trading.

How to start trading?

Similar to many of the platforms that offer the same products, there is no surprise in how this platform and the products work. Starting with a CFD, as described above, is a product you can use to speculate on the underlying asset. With this, it works very similar to trading the underlying asset as you first have to decide for yourself if the price is going to increase or decrease in value. From there, you can select the position you wish to hold and wait for the market to move.

What Assets Can You Trade?

 

According to the companies website, there are several different assets you can trade. The different assets include stocks, Forex, commodities, options, crypto, and ETF’s. Given the vast selection of investment and trading options, there is bound to be an asset that fits your portfolio needs.

Crypto continues to be a growing market space as people are looking to catch part of the wave.

You have a wide selection of equities to sink your teeth into through CFD’s. Some of the better-known names include Tesla, BMW, Snap, Hasbro, and Twitter. Having a wide variety of equities to choose from allows you to build a more diverse portfolio. Among all, the many different assets should allow you to invest and trade freely.

IQOption Type Of Accounts

One of the more important questions people ask are what accounts can be opened. Ideally, you would want to test drive the platform before using to ensure it fits what your trading objective are. According to a blog post published by IQ Option there are three different types of accounts you can select from.

First is the training account or demo account, which can allow you to gain a familiarity with the account. As you would expect, the demo account is free and there are no credit card details required. Your demo account will be funded with $10,000 virtual dollars you can use to test trading strategies or simply test the functionality of the platform. Also, you can deactivate your account at any time.

The second type of account is a live, or ‘real’ trading account as they call it. A real account offers you full access to more than 300 assets to trade and real withdraws within minutes to your bank or e-wallet. Another added benefit to a real account is access to a live chat feature for any account related questions. As with any account, you have access to the training material and educational information that can boost your trading knowledge.

IQ Option Mobile Platform

Given todays technology, it is important to have a mobile phone application. IQ Option provides its users with an app for both iOS and Android. With the apps, you can have continues access to the markets and the ability to adjust your positions as you see fit. Taking IQ Option on the go can give you the peace of mind to invest and trade.

IQ Option Tutorials

Once you learned about the company, they offer free tutorial videos on items such as the mobile platform to how to trade some of their products. Beyond that, you can begin browsing the blog section to read up to date material that is relevant to the market and products they offer. Along with news information, they have information on different trading tools and indicators that can help explain what they are and how they can accent your trading style.

Continued education is important in a platform as it shows a genuine interest in the finance community as a whole. Being able to continue learning is important and the fact IQ Options offers that is a huge benefit to the community.

IQ Option trading tools 2022

IQ Option offers the following set of trading tools to help its customers make and execute successful trades:

• News Feed – Stay updated on the latest happenings in the online trading industry by reading the latest financial news in the news feed.
• Historical Quotes – This presents information on currency exchange rates over specific time frames. You can use these historical quotes to perform technical analysis and test your trading strategies.
• Calendars – The calendars help you to monitor earnings release forecasts and upcoming economic events.

How To Open An Account

Opening an account is simple by following the on screen instructions. Populate the required information and begin your trading adventure. As previously discussed, there are the three different account types and it is important to use a demo account first so you do not lose money learning the platform.

Once you’ve opened an account, there is a verification process that will take place. To complete the first step, you must provide a copy of your identity and contact details proof of address, as well as accept the agreement and submit an application. Completing the second step includes providing a full copy of your passport or photo ID. The website says the process will be completed in 10 business days, but can increase to 30 if necessary.

Funding/Withdraw

Funding an account appears to be straight forward and can take as little as a few days all the way up to 45 days should you choose a wire. Once you’ve found your primary depositing method you can begin funding your account.

When it comes time to withdraw, you will have to wait until your information is verified. Once verified, you can withdraw funds to the same account you deposited funds with. From there, it may take a few days to process as the company states it flows through there finance department.

Terms and Conditions

Lastly, it is extremely important to look at the terms and services to understand any details that may affect your decision-making.

From there, you can research the different account details as well as charges and fees. This is the legal information that you will be bound to should an issue arise or you have a questions regarding your account.

IQ Option FAQs

How much can I withdraw at a time from IQ Option?

IQ Option does not restrict the amount you can withdraw from your account. The minimum withdrawal amount is $2. If you want to withdraw lesser than $2, you must contact a customer care representative.

What happens if I leave my account inactive?

If you do not use your IQ Option account to buy trades for 90 calendar days continuously, the online broker will charge a service fee of €10. The online broker will continue to deduct the service fee from your account every month till your balance turns to zero.

How can I make my IQ Option account secure?

You can use two-step authentication to add an extra layer of security to your IQ Option account. Whenever you log in to your online brokerage account, the system will prompt you to input a code sent to your registered mobile number. You have to first activate the two-step authentication on the 'Settings' page of IQ Option.

Which is the best time to trade on IQ Option?

The best time to trade on the IQ Option platform depends on several factors such as your trading strategy. Pay special attention to market schedules and market news that may impact the price movements of various assets.

How to start trading on IQ Option?

If you are an inexperienced trader, learn more about trading by watching the video tutorials at IQ Option. Practice trading on a demo account and migrate to a live account only when you are confident. We also suggest visiting the IQ Option Blog for more information about trading.

Conclusion

Overall, IQ Option appears to offer a robust variety of products and assets to trade. From there, you can jump into the different educational publications the company offers their clients and begin forming a game plan. Lastly, the mobile app offers you the ability to trade and invest on the go.

Each of these platforms brings something different to the table and IQ Option is no exception. If you’ve had experience with IQ Option please leave a comment down below. Should you be looking for a platform to utilize and invest with take the time to open a demo account and see for yourself. At that point, you have no skin in the game and can back out if it doesn’t fit your needs. Also, should you have a question yourself, leave it in the comments below for the community to assist.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose