Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
IQ Option Review
If you are a trading enthusiast, you might have probably heard or traded with IQ Option. Also known as iqoption.com, it is one of the best platforms to trade binary options, foreign currencies and cryprocurrencies, CFDs, digital options and FX options.
Whether you are a new customer or an experienced trader seeking to try out a newly developed trading platform, you will find IQ Option to be both exciting and reliable. Among its exceptional features include a free trading demo account. It showcases different types of graphs such as candlestick charts. Navigation is also quite easy as there are lots of indicators and buttons.
As of today, IQ Option is regarded as the fastest growing trading broker in the binary options category. It has managed to win several awards and its easy-to-use mobile app is ranked, as the best binary options trading app by Google Play in over 25 countries. If you are new to trading on binary options, you will find IQ Option to be quite reliable as it offers training emails to help you succeed in the industry. Although you might sometimes find the emails to be a bit spammy, they are quite interesting if you get the concept involved in trading.
IQ Option – Important Facts of 2020
- The number of registered users at IQ Option is fast growing from year to year.
- The number of trades made per day increased by 650% from 2020 to 2020.
- The overall trading volume increased by 1700 percent within the same time period.
- The amount of money withdrawn per month is also increasing.
- Withdrawals are instant at IQ Option, the average time taken to process a payout request being 24 hours.
- You will get a response to your chat question in just 38 hours.
- The online broker answers email queries in 14 minutes.
- As many as 91 customer support agents are always willing to answer your questions.
- The time taken to process trade orders at IQ Option is only 0.7 seconds.
How does IQ Option work?
Like any other trading platform, the criterion involved in IQ Option is more of the same. Even so, it is a little bit different as it incorporates its own software, which makes it unique. You will find the software to be very user-friendly mostly due to its customized interface. In fact, the minute you set your eyes on the platform, you will quickly learn all it entails as its indicators, buttons, and trade lines are strategically placed to ease your navigation. So, how does it work?
Before you start trading, there are several key things you should know. Firstly, you should understand that trading is an advanced method of gambling. This also means that it is not easy and will require lots of training. Secondly, forex, CFDs and binary options are more of making trading decisions- usually based on the most up-to-date market data. These decisions can be made when buying and selling currencies. You will make a successful trade depending on whether you think the price of a certain asset, i.e. currency like USD/EUR or commodity like Oil, will rise or fall. Also, you will have complete access to accessories such as stop loss options and take profit orders.
Options are financial derivatives, based on assets like foreign currencies and commodities, which can be notoriously volatile. Therefore, you are required to be much updated and well informed before making predictions. Although with this platform you will learn everything you need to know in the market via its historical data and use of analytical tools, it is always advisable to practice with demo accounts and gained the required skills before indulging in the real trading.
Is IQ Option reliable?
Do you know any successful trader? If yes, how much is he or she worth? Of course, binary options, CFDs, cryptocurrencies and FX trading is indeed a luxurious venture if you get the heck of it. Its simple criterion of functionality can earn you millions of dollars within a matter of seconds. Nonetheless, to be successful in this field, you need to be a PRO and the truth is; it is not easy. Even so, there are several reasons why you should choose IQ Option. The home to more than 20 million active traders offers around 90 currency pairs for trading and 12 or more popular cryptocurrency options. FX options and Digital options are also available.
Even better, you will enjoy the very latest market analysis, as well as a wide range of tools specifically set to improve your trading decisions. Another unique feature that makes IQOption a reliable trading platform is its ability to enable its clients to seek advice from fellow traders and industry professionals via an interactive section.
How To Open A Demo Account And Start Trading
Unless you are a professional trader, the first option is to open a demo account. Opening an IQ Option account is quite easy, and, of course, free. Below is a step-by-step guide to help you open a demo account with IQ Option:
Step #1 – account opening
- Using your computer or mobile phone, open your browser and type iqoption.com.
- Click on the button “OPEN AN ACCOUNT FOR FREE”. Alternatively, you can also click here to directly open the sign in page.
- Fill in the given sections on the two boxes with your email and password.
- Press enter to confirm your account.
- You will be redirected to the trading platform. Also, note that it might take a while.
- Confirm your email with the confirmation link as you wait for the account to be created.
Step #2 – Risk warning
- A pop up will appear immediately after opening your trading account. Confirm you agree to the risks involved by ticking the required section. It will clearly state that trading can’t bring guaranteed profits, but you should not worry about that since you are only interested in a demo account. So, don’t mind it.
- Tick on the “I have read and understood the risks, and then click on the START TRADING button.
Step #3 – Demo account
- A window will open, in which you are required to choose whether you want to trade with a real account or with a demo account.
- Register on the demo account and click on the left button to start trading.
- You will be credited with a non-withdrawal amount equating to $1,000.
Step #4 – Start trading
- You can use the amount to conduct all your trading needs.
- Good luck! You can practice as much as you can.
What Assets Can You Trade?
If you want to trade multiple assets with one platform, IQ Option is definitely your ideal option. While the majority of financial platforms offer a wide range of trading assets with little or no value to the client, it provides traders with a list of relevant assets that are popular in the market. Listed below are some of the assets offered in this platform:
IQ Option offers 22 versatile conversion pairs of currencies. However, it only features the big pairs and a few uncommon currencies.
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
By definition, a commodity is a product that can be traded for goods and services of an equivalent measure. Nonetheless, some commodities can go untraded. To avoid such scenarios, IQ Option only trades on commodities that are globally favored, such as gold. As a prime trading commodity, their clients are able to get a consistent profit.
This is perhaps the most utilized asset in this platform. A stock is simply a representation of an individual’s percentage of ownership in a given company. Stocks in IQ Option list from the world’s largest markets including Asia, America, and Europe. Choose among ‘Blue chips’, ‘Dividend kings’, internet companies, most shorted stocks and so on. You can bet on Facebook, Amazon, Nvidia, Paypal, Microsoft, Boeing, Cisco, Coca-Cola, Apple, Visa, Netflix and many more.
Indices are a statistical gauge of transformation, which are mainly used in the trading market. They consist of a fictional portfolio and a representation of a particular market. This platform offers a wide range of popular indices such as S&P 500 and DAX.
Trading Tools and Tutorials of 2020
IQ Option is not only an online trading platform, but also a teaching platform. In addition to teaching you how to trade through a series of video tutorials, it gives you a number of trading tools, which you can use to make a successful trade.
The following is a brief overview of the trading tools and tutorials at IQ Option:
IQ Option Online Trading Tournaments – Typically, tournaments are different from competitions. They happen once or twice a month and have quite a big payout as their total winning prize. Binary options tournaments are one of the key things that make IQ Option one of the most innovative platforms in the trading world. Its online trading tournament option offers unique features that not only bring a sophistication element to the platform but also fun and competitiveness.
If you participate in these tournaments, you can not only become a better trader, but also win your share of large prize pools. The entrance fee to these tournaments is quite affordable.
Historical Quotes – These quotes provide information on exchange rates of various pairs of currencies over a period of time. They help traders test their trading strategies and perform technical analysis.
Calendars – You can use the calendars to stay updated on economic events and earnings release predictions.
News Feed – Get the latest financial news in your news feed.
Video Tutorials – There are plenty of videos that show you how to trade at IQ Option.
Its mobile is undoubtedly one of the most innovative platforms in the trading industry. In fact, ever since its launch in 2020, it has managed to push binary options trading to the next level and was ranked as the best application in over 20 countries by Google Play. So, what makes it unique? Below are simple facts about IQ Option Mobile App.
- It has great graphics and is an extremely user-friendly application.
- The application is well secured. You don’t have to worry about your personal data or money.
- It includes all the functions of its desktop version.
- It is extremely fast.
- Its notification feature is very timely and reliable.
- You can make your deposit directly using the app.
How To Deposit And Withdraw Your Money
There are numerous options to make a deposit or withdrawal from this platform. Below are some of these option’s minimum and maximum limits that also include local payment methods:
|Payment option||Minimum deposit||Maximum deposit|
|Payment option||Minimum withdrawal||Maximum withdrawal|
|Neteller||$10||Deposited amount=withdrawal amount|
|Skrill||$10||Deposited amount=withdrawal amount|
|Boleto||$10||Deposited amount=withdrawal amount|
Note that the maximum withdrawal you can make should be equivalent to the amount deposited. For instance, if you make a deposit of $1,000 the amount you can withdraw is $1,000. In addition, you are required to withdraw the amount using the same method used in your deposit.
Verdict and Overall Rating of IQ Option
There is no doubt the IQ Option has attained success in the trading world. Apart from the binary options, you get to try its wide range of assets such as cryptocurrencies and indices. Additionally, its functionality is quite smooth and intuitive. You can utilize its customized application from several supported devices such as Android, Mac, Windows, and iOS. If you are not well indulged in the real trading world, you can comfortably utilize its demo account, which is quite useful for beginners and amateurs. What’s more, you get to utilize a whopping $1,000 as virtual money.
Deposit and withdrawal methods are also quite awesome. They are ideally structured to benefit all clients from different countries. Although some people doubt the IQOption.com, there is definitely no reason as to why you should not try out its exceptional features, especially on its mobile platform. It is indeed legal, safe, and has multiple benefits to the user. Do not hesitate to leave a comment below and share your honest opinion regarding this platform. Many have tried IQ Option and expressed positive results, why don’t you give it a shot and experience it yourself. It is indeed worth it, trust me!
How to Get Help at IQ Option
You can visit the IQ Option Blog for the latest updates or you can interact with the online broker’s employees and fellow traders on the social networking sites Twitter, Instagram, youTube, Twitter, Telegram, and Facebook.
The following are IQ Option’s office addresses:
- IQ Option Limited has its offices at Hinds Building, Kingstown, St. Vincent and Grenadines
- IQ Option Payment Ltd has its offices at Ionos 20, 4th Floor, Flat/Office 401, Egkomi, 2406 Nicosia, Cyprus.
- You can use the Ask Question feature to get a quick response to your query.
- Use the 24/7 telephonic support service. Toll-free telephone numbers are available for several countries, including Brazil, India, South Africa, UK, and others.
- Quick withdrawals.
- High returns in case of a successful trade – up to 91%.
- Guaranteed user safety.
- Direct access to cryptocurrencies such as Bitcoin and Ethereum.
- In-availability of an auto-trading feature.
- Inadequate trading markets.
If you are eager to start trading online right way, IQ Option could be a great place to start. Sign up for a free demo account and learn how to trade successfully from the pros.
Honest IQ Option Broker Review 2020
|(5 / 5)||CySEC||10$||up to 100%+|
Is IQ Option a reliable broker or not? – In the financial sector, it is hard to find a good broker because the selection is quite large. On the internet, you can read a lot about scams and fraud. IQ Option is very popular for traders, but is it really worth to invest your money there and how good it the broker? – In this review read more about the facts and the conditions for traders.
The official homepage of IQ Option
What is IQ Option? | Facts about the company
IQ Option was funded in 2020 as a Binary Options Broker for everyone. The strengthening of the company is the low investment amount (minimum deposit) and the flexible trading platform. The broker is based in Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus (EU) and is there regulated by the CySEC too.
Nowadays there are more than 2 million trades executed on the platform daily. The broker wants to give the trader an all in one platform with a huge variety of different assets and financial products. Personally, I know this broker since 2020 and they always improve their service and offer for traders. With a rising customer base, the payouts of the broker are rising too. 2020 they withdrew more than 11 million $ every month.
Facts about the company:
- Headquarters in Cyprus (EU)
- Broker since 2020
- You can use small investment amounts (1$)
- All in one trading platform
- High asset profit of 100% for Binary Options
- No hidden fees
How safe is the broker? – Regulation and safety of customer funds
The broker is based in the European economic area and uses the best banks for the client’s money. The broker money is separated from the customer’s funds. This is a big advantage and deletes the conflict of interest. In addition, they use different encoding techniques for providing a safe platform.
The trading account is very safe too. For example, you can use 2-factor authentication. After your login, you will receive an SMS message with a login code. You get only access to your account when you use your smartphone. The option can be turned on or off.
Facts about the safety:
- Regulated in Europe by the CySEC
- Safe customer funds on different banks
- Regulated payment methods
- Safety options for your account
Conflict of interest is a critical topic for the most brokers. Not for IQ Option. The broker hedges the positions of its clients in the real market for Forex, CFD, and Crypto. On the other hand, they hedge the Binary Options between the traders and there is no conflict of interest. In conclusion, the broker is one of the safest companies in the world and payouts are guranteed.
Review of the conditions for traders and trade offer
On the trading platform are more than 500 different assets available. You can trade them with Binary Options or Forex/CFD. Also trade Stocks, Options, ETFs, and cryptocurrencies with the minimum amount of 1 dollar.
Assets of the IQ Option platform
The most traded financial product on the platform is Binary Options. You can choose an expiry time between 30 seconds and at the end of the month. IQ Option gives a trader the flexibility to develop his own trading style. The asset profit of Binary Options is compared to other brokers very high. With a normal account, you get some time over a 100% return. The VIP account gives you 5-20% more return (available with more than 3000$ deposit).
Forex, Commodities, Stocks, and Cryptocurrencies are tradeable with a spread of less than 1.0 pip. The spread depends on your asset and market conditions. In addition, you can trade with a maximum leverage of 1:1000. That is very high, but you can change the leverage before each trade. European traders have to use the maximum leverage of 1:30 because of the new regulation.
In conclusion IQ Option makes a very reliable impression for me. The range of assets is quite high and the fees are at the lowest point compared to other brokers.
Advantages for traders:
- One broker for different financial products and assets
- Competitive trading fees
- Fast execution for trades
- Trade 24/7 on the platform
|Binary Options, Forex, CFDs||Commodities, Stocks, Forex, Cryptos||100%+||Less than 1.0 pip|
Review of the IQ Option trading platform
IQ Option offers a unique trading platform (picture below) for the browser, desktop, smartphones, and tablets. From my experience, the platform is flexible and very customizable. The goal of IQ Option is it to make trading very simple. Beginners should be familiar with the platform in a few minutes.
It is an all in one platform because IQ Option offers so much opportunities to invest in the financial markets. You get access to a wide range of assets with a few clicks. The transactions are clearly shown in the platform so that transparency is given.
Use different types of charts and popular indicators for your own strategy. You can customize the chart by yourself. Multicharts for a better analysis are available. It would be too much if I show you all the options on this page. Just predict the asset price direction and open your first trades. You can always trade a long or a short position. In conclusion IQ Option got one of the best trading platforms compared to other brokers.
Screenshot of the Trading Platform
Furthermore, the platform is available as an app for desktop, smartphone or tablet. The broker says that the app for the computer is much faster than the web version. The broker´s portfolio is complete with mobile trading for its clients.
Benefits of the platform:
- All in one platform
- A wide range of indicators
- Flexible and customizable
- For desktop, browser, smartphone, and tablet (apps)
- Fast trade execution
Professional charting and analysis is possible
For analysis, it is important to use the chart. Different strategies can be accomplished with the trading platform. IQ Option provides 4 different types of charting. You can customize them within the color and the timeframe. The settings are automatically saved by the platform or you can do it manually.
Use more than 18 different timeframes. It is possible to use between a 5-second chart and a 1-month chart. The diversity of options is very huge on the platform. The Broker always tries to improve its offer for his clients.
Another point to mention is the graphical tools and indicators. Use more than 5 different graphical tools (included Line, Trend Line, Horizontal Line, Vertical Line, and Fibonacci Lines). Technical analysis works reliably in the markets and is used by more than 100 years of financial trading. Also, the graphical tools are customizable within the colors and the thickness. For example, you can lock them in and they will not move in the future.
Trade with more than 20 different technical indicators. The features are available in the mobile app too. The most popular indicators are the Moving Average, Bollinger Bands, RSI and ATR. In conclusion, the broker provides a big range of different analysis tools for your success in trading. Another big advantage is that they are fully customizable.
Widgets and indicators
At the latest, there are different widgets to customize your trading platform. Watch the Current Buy/Sell ration for the selected asset with the Traders Mood. You can generate different trading ideas because of that. Furthermore, it is possible to see the trades of other traders in the chart. In my opinion, it can be a motivation for your trading. In addition, pop up news is available directly in the chart. The news depends on your chosen asset.
Trading Tutorial: How to trade with IQ Option
IQ Option offers a huge diversity of different financial products to trade the markets. The most popular product of the broker is Binary Options. From my experience IQ Option is one of the best brokers for binary trading. Binary Options are the most traded product on the platform. In this section, I will show you how it works.
If you want to trade Binary Options successfully, you have to make the right forecast of the market movement. Risk and profit are limited. Special for Binary Options is the expiry time. You have to choose between different time horizons. It can be longterm or short-term. The trade automatically closes after the expiry time. Bet on rising or falling markets. The price has to be below or upper your entry point.
Make a forecast for the market movement
How to trade Binary Options?
Predict the asset price direction in a certain expiry time and invest any amount of money. If you invest 100$ and make the right forecast, you will win the trade and get a payout of 195$. 100$ is the return of your investment and 95$ is the profit. It is very easy to understand and you can practice it with a demo account. The profit is fixed by the broker and the asset movement do not influence it.
On the other hand, Forex/CFDs/Stocks/Cryptos will give you a profit by moving in the right way of your forecast. The further the markets go in your direction the more profit you will make. You can open and close the trade at any time and limit your risk with a stop-loss. In addition, you can set automatic profits with the take profit. One the platform you can learn more about it. IQ Option offers a wide range of educational material for beginners and advanced traders.
How to trade Forex?
Forex is one of the beloved markets in the world. Also, it is the most traded market with more than 3 trillion USD every day. You can trade different currencies against each other. At the moment more than 174 Forex pairs are available on the trading platform. The Forex trading is leveraged up to 1:1000. That means you can multiply your investment amount by more than 1000 times. Before you start trading you can choose your own leverage of the trade.
If the currency moves into your price direction, you will get profit each moving point in the market. There are no expiry times and other rules like Binary Options. The stop-loss and the take-profit are important tools in forex trading because they automatically close the trade on a certain price. You can manage your risk with the trades.
Facts of Forex Trading with IQ Option:
- More than 100 different Forex-pairs
- Low spreads
- High liquidity
- Leverage up to 1:500
Invest in international Stocks and ETFs (CFDs)
Stocks and ETFs are popular products like Forex. Choose between 10 different stock exchanges (IQ Option improves diversity) worldwide. You can go long or short on Stocks and ETFs. Also, the multiplier is available for them. Stocks are very sensitive to news. With the news-calendar, you can generate trading ideas quickly on the trading platform.
ETFs are like a stock collection and traded on the stock exchange. You can build a wide-ranging portfolio with them. Stocks and ETFs are traded as CFDs (contract for difference). You do not have to buy the underlying asset to generate a profit. You just buy the contract on any asset you want. The advantage is that you can go short and use a multiplier to increase your profit.
Facts about Stock and ETF Trading:
- Trade stocks, commodities, metals, crypto, and more
- Low and competitive spreads
- Leverage up to 1:500
- Short trading is available
IQ Option Cryptocurrencies (with leverage and without)
2020 and 2020 was the year of the new Cryptocurrencies. Some crypto exchanges stopped to attract new clients and they closed the registration. It was like a trend for investing money. In 2020 the market dropped down very hard. With IQ Option you can trade in both directions of the markets. This is not possible on the most trading platforms. Trade Bitcoin, Ethereum, Ripple, Iota and more on the platform.
Nowadays 24 Cryptocurrencies are available to trade. Another big advantage is the multiplier/leverage for Cryptocurrencies. For example, it is allowed to use a multiplier of 100x on Bitcoin. This is a huge amount of leverage. So you can make more profit on small market movements. In addition, there are no overnight fees for trading crypto without leverage. In conclusion IQ Option is one of the best flexible crypto platforms for fast investing your money.
How to use the Leverage/Multiplier
IQ Option offers huge leverage for some financial products. Always the leverage depends on the traded asset. The maximum leverage is 1:1000. That means if you invest 1$, you are trading the amount of 1000$ on the market. Different strategies are possible because of that. In my opinion, a multiplier is a great tool to increase your profit. For small investments, it is necessary to use a multiplier. With IQ Option you can change the multiplier in every new trade. This is a big advantage in comparison to other brokers.
Mobile Trading for any device
Nowadays mobile trading is sometimes necessary because of political or fundamental news. Also, it is important to check your portfolio when you away from the keyboard. IQ Option provides a mobile app for Apple (IOS) and Android users. I was surprised by using the mobile app that the program is flexible and smooth like the trading platform for browser or desktop.
Binary Options are forbidden in the Appstore but you can trade Forex/CFDs/Crypto with the apple app. In the app, you can directly chat with the support of IQ Option or chat with other traders. This is a good way to improve your results or ask questions. There is no difference in the order execution in the app or trading platform.
Learn to trade with the free Demo Account
Especially for beginners, it is important to practice trading in the demo account. This is an account with virtual money. So you trade without risk. IQ Option offers you a free and unlimited virtual account. With one click you can change between your real and demo account.
There is no difference between the demo and real account. I tested it and the conditions are the same. Furthermore, it is important for advanced traders to improve their own strategy in the demo account. Directly in the platform, you can watch as beginners the education videos and analysis of IQ Option.
The account is capitalized at 10.000$. This is the best amount for testing the platform. If you make some losing trades, you can easy recapitalize the account with one click. In conclusion IQ Option offers one of the best demo accounts for trading.
Facts about the Demo Account:
- Free and no hidden fees
- Demo account with 10.000$
- You can deposit virtual money with one click
Open the real account is very easy
The real account is combined with your demo account. With one click you can change between these 2 accounts. For the registration, you only need your name, email and a secure password. The account opening only takes the time of 30 seconds. After the registration, you can start practice in the demo account or deposit your first money. It is possible to trade without verification.
I recommend doing a verification before you start investing real money because withdrawals without verification are not allowed. Just upload some personal documents and the account will be approved in less than 24 hours.
For beginners there is a complete tutorial on the IQ Option trading platform. For further questions, you can ask the chat-support.
- Verification in less than 24 hours
- Change between demo and real
- Fast support for questions
Review of the deposit and withdrawal with IQ Option
In this review, we will have a look at the deposit and withdrawal options. From my experience, the payment system of IQ Option is one of the best. First of all, you can start with a small investment amount of 10$. There are different payment methods for deposit and withdrawal. Every trade should be able to capitalize on his account.
Withdrawals are processed within less than 24 hours. IQ Option is not a scam, because often I paid out and I know a lot of other traders who did it. In conclusion, the company provides you the best service. You can use Creditcards, E-Wallets, Cryptos or Bankwire for your deposit and withdrawal.
Regulated and fast payments
These payment methods are available:
- Credit Cards (Master/VISA)
Is a bonus available?
At the moment there is no bonus for clients and their deposit. In the past, there was a deposit bonus. Nowadays they deleted the bonus because only a few traders used this service. In my opinion, the professional and successful trader does not need a bonus for their account to make a profit.
Which fees can occur with IQ Option?
Are there any hidden fees? – No, there are not any hidden fees for you. Withdrawals and deposit are without any fees. It is completely free. In addition, there are some fees for the trading instruments and an inactive fee:
- Binary Options: No fees for trading.
- Digital Options: No fees for trading.
- Forex, CFD, Stocks, Crypto spread: You always pay the market spread of the asset. The spread value depends on the asset. For example, popular assets got a lower spread. It is the difference between the buy and sells (bid & ask) price in the market. IQ Option takes this fee for earning money and get paid. Compared to other brokers the spread is very low. Sometimes IQ Option makes a special event with lower spreads. The regular spread is between 0.010 and 0.030% in forex trading. Always you can see the spread transparent in the trading platform.
- Leverage: Leverage is borrowed money. If you hold a position longer than one day with a multiplier, you will get charged an overnight fee. This fee depends on the asset and the multiplier. You can see it transparent in the platform or you can ask the support for help.
- Inactive fee: IQ Option charges a fee for inactivity after 90 days. The fee is 50$. If your account balance is zero, they can not charge this fee.
Account Types (VIP)
IQ Option offers a VIP account for deposits more than 3000$. You will get a VIP-Manager, increased profitability, better support, and unique offers. Important to know is that you have to deposit more than 3000$ in one deposit. If you deposit 3000$ in more than 1 payment, you do not get the VIP-status.
The VIP Account gives you more return on profit
Increased profitability is a big advantage for Binary Options. You earn more money in your trades. The increased profitability is between 5% and 21%. It depends on your traded asset. In the platform, you can see the return on investment by a symbol next to the asset.
Another advantage is VIP-training. You will get access to different PDFs only for VIP-members. Furthermore, you can book direct sessions with your VIP-manager. The support is very comfortable and they will care about you in different ways. In conclusion, a VIP-account is a good opportunity to get more profit and knowledge for your success in trading.
Tournaments and Contests for beginners and advanced traders
Tournaments and Contests for trading with Binary Options. In most cases, more than 3 different Tournaments are available for traders. Each Contest got his own condition for trading. You can win a huge amount of money in a short time. Now I will show you how the Tournaments are working:
If you take part in one contest, you will get a separated account for the contest. It is like the demo account with virtual money. Now you have to make a profit and compete against other traders. Do not blow up the account otherwise, you have to pay the registration fee again. Sometimes there is a big prize pool of 100.000$. This is a good way to earn money with a small investment.
Facts about the battles:
- Compete against other traders
- Pay a registration fee
- Trade with virtual contest money
- Make as much profit as you can
- The first places win a huge amount of money
- Example: You can win money with the place of 30. This depends on the Tournament.
Tournaments and Contests
These countries are available for IQ Option Traders
As mentioned before IQ Option is an international broker. The trading industry is growing constantly and more people like to invest their money in simple steps. Asia and Africa it the biggest area of the broker. The broker provides support in more than 20 different languages. It is multiple and they accept more than 200 different countries.
These countries are not accepted: the USA, Iran, Israel, Australia, Canada, North Korea, Japan, Latvia, Syria.
In fact, Asian is the fastest growing market and the broker try to improve their support for Asian traders. Also, trading is legal and very popular like gambling but is IQ Option legal in India, South Africa, and other countries? – Yes, it is. After my research, there are not any illegal actions of the broker for this region.
The broker added different Asian and African countries to their offer:
Are robots and trading signals provided?
Robots and automatic trading are not provided by IQ Option. In addition, it is very difficult to create a robot because they got their own unique trading platform. So expert advisors cannot be used.
Furthermore, there are no trading signals from the broker. The broker prefers that traders use their own knowledge to make a profit. In the trader’s chat you can talk to other clients to generate trading ideas. This is a way to get signals from other traders. Personally, I do not like signals and robots because you are not independent if you use them.
On the internet, you will see videos of IQ Option robots or bots which are trading with high profit. This is to 99% a scam for your money. You should not try to use a bot because the seller wants to steal your money. Besides, IQ Option does not allow automated trading. Your account can be banned without warning.
Review of the support and customer service for traders
As a reputable broker, IQ Option also offers a good service to its clients. The support is available 24 hours a day via phone, chat or email. For beginners, there is a big education center with over 200 different videos. In addition IQ Option offers account managers and VIP managers. They will help you to understand the platform better.
Furthermore, IQ Option provides daily analysis and news for trading. You get access directly to market news through the platform. In conclusion, the support and service of the company are very good. The biggest advantage is the 24-hour support via chat.
|Phone, Email, Chat||More than 20||[email protected]||+44 80 0069 8644|
Conclusion of my review: Is IQ Option legit?
IQ Option is interesting for beginners and advanced traders. Definitely, IQ Option is not a scam. It is a reliable European broker for trading Binary Options, Forex, CFD and more. In conclusion, the broker offers a wide range of financial products for the traders. First of all, I recommend using the demo account. You will be surprised by how good the trading platform works.
It is an all in one platform for the financial markets and one of the biggest. IQ Option is one of the most popular brokers in the world and I can confirm that. This review showed you the facts and a lot of information about the company. I think you are now ready to invest in the platform by using your money and start becoming a successful trader.
The advantages of IQ Option:
24 hour support
Start with a 10$ investment
More than 500 different assets
Diversity of financial products
All in one platform
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IQ Option demo vs real IQ Option account. Open it and practice for free
The binary option segment has no strict regulatory restrictions for growth in the Asia-Pacific region.
Forex traders operating in Malaysia operate legally if they use the services of a forex broker who is registered, licensed and controlled by the laws and regulations in force in Malaysia. Bank Negara is the main institution that issues official licenses to the binary option Malaysia brokers.
IQ Option entered the binary option market in 2020 and immediately became a hit among traders. The platform gained great popularity primarily due to the fact that the broker offered access to binary option trading with figuratively nothing.
It has allowed many people to study the algorithm of trading without needing to invest large sums. Of course, if it were the only good feature of the broker, the company would never have achieved its current status. So, why is the IQ Option free demo account one of the best decisions you can make when choosing a broker?
The starting deposit is only 10 US dollars, and you will not find a more profitable deal anywhere else in the market. With these 10 dollars, you can open a real account and take advantage of all the benefits that it can offer. Moreover, the minimum trade amount is only 1 US dollar, but you can invest up to 5,000 US dollars, which gives you full control over the funds in your deposit. The profit of up to 91% is among the highest in the sphere.
Why Has Trading Become So Popular Recently in Malaysia?
The country’s economy has been growing fast creating favorable conditions for binary option trading.
- High-level technological surrounding
- Well-developed gas and oil industry
- English-speaking nation
- Flexible laws and regulations
- Highly-developed infrastructure
- Trading is well perceived by population
- Was a founding member of the World Trade Organisation
Generally speaking, many traders and business types find Malaysia a very friendly country to operate in thanks to its liberal trading laws and diligent financial regulatory oversight by the Securities Commission of Malaysia. Currently there is a top list of the preferred brokers in the country which includes IQ Option.
What is the IQ Option Demo Account?
Trading is a chance to increase your material state, but is also a difficult and sometimes very laborious task.
It requires good preparation, both theoretical and practical. The necessary knowledge is provided by books, video tutorials, and online courses. Experience comes only after long hours of conducting transactions.
Before plunging into a sea of information in the pursuit of big money, you may want to consider opening a demo account.
It will not differ in function from the real one while allowing trading testing with no risk to your funds. It will help to learn the trading branch. If the first profit is virtual, then the loss of the deposit will luckily be virtual too.
IQ Option allows traders to broaden their financial portfolio through trading FX Options and CFDs on currency pairs (FX), stocks, cryptocurrencies, Commodities and ETFs.
Beginners will be able to learn general information about the world of binary options. More advanced users will be able to find out what is needed for a successful and beneficial binary option trading. Another plus is that users have the opportunity to get information about tools for trading with this resource.
Training is absolutely affordable, registration is also free. During the training process, you will be able to fairly evaluate if it is attractive for you to trade binary options and if you would like to connect your activities with this further. In any case, you will not lose anything, since training does not require any contributions.
How to Use IQ Option Demo?
Everyone needs to know how to properly use a demo application. Let’s talk about how to get the most out of this account version. Most users treat it as a fun game and, thus, they do not use the potential of the demo in a correct way.
It has really big capabilities despite all the psychological differences between the demo and the real trading. You may have already collected a handful of all sorts of binary strategies in Google. So, it’s time to test them with a demo help. Money is not a factor as your risk is zero. Take advantage of this opportunity on the site and imagine that this virtual money is real. Play as if a real deal is at stake and take it seriously.
How to Open IQ Option Demo Account?
To work successfully with binary options, you need to know a lot of things:
- choose the right time frame (or set of time frames);
- choose the necessary market conditions (trend, consolidation);
- decide on the value of the deal.
All this can be worked out initially on a demo. You can evolve and examine your trading plan in advance and define the rules for the environment. As a result, by the time you move your activity to a real account, you will already have verified trading strategy numerous times on a demo and come to the necessary conclusions from it.
IQ Option Demo VS Real Account
Commonly, the users test the tricks they learned from books or the Internet by watching numerous videos on YouTube about successful trading on the demo. Very often, just a demo is enough to realize how many of these strategies are totally useless.
Practice on a demo account will partly prepare you for all the difficulties that you will inevitably encounter on a real account. And they all have mainly psychological background. That is why you should try to bring the demonstration app as close as possible to the real one. Do not just play and try to work instead. Study your strategy, test the concepts of technical analysis, then repeat it over and over again. A demo account is the perfect base for practice.
But there are also some rules for a training account:
- Do not open the random option. It is not gambling. Do analysis, apply strategies;
- Do not open options for large sums as there is no point in it. The most essential thing is to learn how to trade and apply strategies otherwise you will fail to replenish the demo account the next time. The sum for playing on a demo version should not exceed the amount of money that you are ready to transfer to a true deposit. If you start to entertain and play with considerable amounts of virtual money, you can lose vigilance when switching to real assets.
- Trade with serious attitude even if you make transactions for virtual money;
- Having tried a strategy or sales advisor in practice with the help of a training account, you will be able to smoothly switch to real trading!
What are the Positive Sides of IQ Option Demo Login?
- A demo will introduce the broker resource details to you: personal account, transaction history, educational materials. It will accelerate the quality of trade and allow you to select the broker according to what is the most convenient and comfortable for you to work with.
- It stimulates interest in options trading. The customer is able to see that there is nothing particularly complicated or terrifying about trading;
- It allows you to try trading using different strategies without the risk of making a mistake. Thus, the trader enters the real market not blindly, but already with some knowledge.
- Helps you learn to sort out risks. IQ Option demo sign up is a great way to determine the acceptable risk and will help you learn to open binary options with some purpose rather than randomly.
Disadvantages of a demo account:
- Users often think the demo account is a fun game where it is not dramatic to lose money.
- Low responsibility for virtual funds; because they are not real, they are easy to spend.
- Lack of trading psychology as it seems that trading is a game, therefore you are not too concerned about the funds. It may be an illusion that trading is easy. But, when switching to a real account, traders have a fear of losing their funds, emotions come over the edge, and the work becomes unprofitable, thereby failing the activity.
A vital thing to note is that trading on a probation account is only one out of many steps in your training. It is a serious practice that should be treated accordingly. If you look at trading from perspective point of view, that it as a job and the source of steady earnings, work with a demo account with all your efforts. Such a policy will hone your skills for real trading, and you can master brilliant skills to make trading profitable in reality.
In order to be successful in any field of activity, it is important to work hard and gain experience. Forex trading is not an exception. To achieve maximum trading success, a key rule is to have not only theoretical and technical knowledge but also practical experience in conducting trading activities. It can be obtained in a demo account without risking your personal assets.
The main thing is not to hurry. You should not give up training on a demo account quickly and rush up to open a real account. Training activity can set the background for future achievements.
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