Online since 2012, IQOption is a fully registered and licensed binary options broker available on the binary options trading market today. As there are hundreds of binary options brokers to choose from, it is always hard to find one that traders can really trust and rely on. So, the best thing is to think carefully before selecting a broker and read some reviews about it in order to open an account and deposit money.
The company is based in Cyprus and owned by a holding company (Investlab Trading Limited), which gives proof that it is regulated and licensed by the jurisdiction of Seychelles. Having this in mind, this review aims at mentioning the best features about the platform, as well as the pros and cons, bonuses and promotions and types of accounts that traders can choose from.
IQOption Platform and Accounts
With many investors discovering the platform, IQOption has been proving that it is among the best brokers available, with a landing page very direct and easy to use by experienced traders or beginners in trading. The whole signup process is extremely easy, and traders are required to fill out a form and prove some personal information, and then make a minimum deposit of $10 to have access to trades.
Traders can choose two types of account: the Real Account and the VIP Account. The IQOption Real Account requires a minimum deposit of $10, and traders have access to all kinds of assets, plus weekly webinars, up to 45% cashback options, Welcome bonuses of up to 80% along with any additional deposit made, and members can participate into trading competitions as well. If you decide to invest $100 or more, then you will also have access to free trading signals.
When it comes to the IQOption VIP Account, traders are required to make a minimum deposit of $1000, and the benefits are huge! Access to VIP webinars, 60% cashback bonuses, faster withdrawal times and a personal account manager at your disposal are some of the features. Besides, trading signals for free, welcome bonus of up to 100% and monthly analyst meeting in order to help with trading strategies are also available for those who plan to invest a higher amount of money when opening an account.
IQOption also offers a free demo account for their traders, as a way of helping them out to understand how the platform works and see the best strategies before opening an account with real money. It is a way of teaching traders the best techniques and to avoid risking their money as well.
More than 70 different kinds of assets are available to trade on, and many popular stocks such as Google and Apple can be found here. Besides, traders can select commodities, indices and currency pairs to trade with, as the variety of trading options are really amazing.
Banking and Support
Making a deposit is simple and easy with IQOption. All traders need to do is to select a payment method among the ones offered by them: Visa, Mastercard, bank wire transfer, Skrill, Maestro, Poli, Webmoney and CashU. So, surely you will find a method that suits you better, as well as for withdrawing. Withdrawals is extremely easy and fast, and it can take between 2 to 4 business days to process them, and all traders have to do is provide personal information in order to be able to receive their money. Just one reminder: fees that range from $5 to $10 may apply depending on the method chosen for withdrawals.
Customer support is not available 24/7, but they promptly answer emails, although there is no live chat rooms or phone contact. Another negative aspect about the IQ Option is that traders from Japan and USA are not allowed to trade.
With a very easy and friendly platform to be used by traders, IQ Option is definitely becoming extremely popular among binary options traders around the world. Little improvements certainly need to be made, but it is surely a recommended and reliable broker that traders should consider when trading binary options.