IQ Option Broker Review 2017
IQ Option DOES NOT accept new traders from US.
We recommend you check out our top rated broker list and trade at another broker instead.
- US Traders
- 70+ Assets
- 1 Day Payouts
- Mobile Friendly
- Low Min. Trade
IQ Option was founded in 2013 and has become a universally known platform specialising in binary options trading. Their user-friendly platform is proprietary, placing them as the front-runner of all binary options. Although relatively new, it’s obvious to see that they are already at the top of their game, with their impressive yet simplistic website and on-the-go mobile app.
Accommodating 13 different languages IQ Option pushes themselves to stand out within the European trade market. If you are new to the binary options scene, there is no need to panic, they're here to not only guide you through the site, but also educate each user so that they have all the relevant information in order to help them make an informed decision about each trade.
Currently IQ Option offers their binary traders the highest trading payout amongst all their leading competitors. There is an array of different features that make them stand out and place them at the top of their league.
Why might you choose this broker? In our IQ Option review you will find out about:
- What makes them stand out from other binary options brokers in a crowded market
- The different types of accounts they have available and the benefits of each
- How to trade on the go and the unique customer service that they deliver
The IQ Option demo account allows investors to trial the binary trading world, practicing with $1000 money for free. Of course with this option comes limitations such as only having 13 trading assets available. There are other trading restrictions that apply, but this is a free demo account and it definitely educates and helps build the confidence of all new beginners. Benefits include no deposit, no telephone details and no credit information.
Aimed at those who have built up their confidence and knowledge through the Demo Account, the Real Account opens up a plethora of different options to users. To start with there are more than 70 trading assets available and you will have full access to all trading opportunities. Deposits are as low as $10, and traders are able to compete with other like-minded trading enthusiasts in virtual competitions. Withdrawals are fast, and are normally processed in 1 business day.
At IQ Option VIP members are the royalty among traders. They have all the benefits that are given to Real Account holders such as 77 trading assets but there are many more invaluable features that also come with being a VIP. All VIP members have a personal manager assigned to them. Access to withdrawals is under 24 hours, allowing you access to your money faster than other account holders.
Trade Types And Payouts
It is common knowledge among binary brokers that one of IQ Option main strengths are their payouts to users, with most traded assets seeing a profitable trade out of around 84%. Of course, this is never a guarantee, as payouts depend on expiry times and the asset that has been selected.
The trading platform is very intuitive, and you can begin trading as soon as you log onto the site and navigate your way to the trading page. Once you get there all you have to do is select the type of trade option you would prefer, the asset you want to trade and then finally, the amount you would like to trade. They have purposefully designed the website in such a way that it is nearly impossible for users to get confused. As it stands, IQ Option currently offer two types of trading. The classic binary option which is call/put and then the turbo option.
This classic option is where users have to decide whether they expect the price of an asset to be higher or lower than the current level by the expiry time. They have expiry times in excess of 15 minutes.
This is completely different to the latter. Turbo Options have their expiry time ranging from 30 seconds up to 5 minutes. This is an option usually preferred by the more experienced trader.
Latest Winning Trades
Bonuses And Promotions
There isn't a broad range of bonuses available to account holders at IQ Option. Due to new regulation for EU Based CySEC licensed brokers they are no longer allowed to offer bonus incentives to new traders. As a result all bonuses previously offered by CySEC EU brokers have been stopped.
There are plenty of promotional videos to be found on-line and IQ Option invites its users to watch free educational demos by real life traders, allowing you to gain tips and gather experience from the professionals. Once you build up your confidence with trading you can also enter competitions and compete with fellow traders for guaranteed prizes.
The IQ Option mobile app is currently #1 in 28 countries according to the App Store Ranking (Feb 2016) available from both the Apple app store but also the Google Play store too. Available on iOS (iPhone and iPad) and also Android. One of the key reasons for its success is the impressive yet simplistic features that it provides for users, making trading possible anywhere you can get an internet connection. Although this is an app, don't have any fears of missing out on key information that you would otherwise see on a desktop.
The app covers all the necessary details, laying it out in a mobile-friendly manner so that no mistakes can be made with the press of an incorrect button. Trading on the go is rapidly becoming more and more popular. IQ Option is available on both Android and iOS devices and can be downloaded through the aforementioned app stores or alternatively through the provider’s website.
The mobile app features mirror those of the web-based platform and are acknowledged for their simplicity and high functionality. No corners have been cut in the quality of graphics and the overall impression of the app reflects the quality of IQ Option’s overall standards.
Deposits And Withdrawals
IQ Option really do set themselves apart from all other brokers when it comes to their extensive deposit and withdrawal options. You can make a deposit or withdrawal using all major debit and credit cards as well as having the option of wiring the money across. IQ Option prides itself on its high level security, making each transaction as stress free as possible for the user. The site follows strict financial regulations making sure it is always abiding by the European banking safety rules.
Withdrawals are simple, and can be done both on the desktop and mobile app. It usually takes around 1 business day to process the withdrawal of funds unless you are a VIP member where it will take less than 24 hours. If you ever find yourself having deposit or withdrawal problems you can call the customer service team 24/7 who will help you out in an extremely efficient and friendly manner.
One of the key benefits to trading on IQ Option is the trader’s ability to choose if they want their charts to be displayed as either a line chart or a candlestick chart. Traders are also able to condense the information displayed on the charts so that they are able to get a better overview of how the market is currently looking. Additionally, there is the option to continually educate yourself as a binary options trader through the free demo’s and brief video options that IQ Option have made readily available to each user.
Expert Broker Reviews
There are two main methods of contacting this broker. You can either contact them by phone, they are available 24/7 or else send them an email. They also use all leading social media platforms such as, Twitter, Facebook YouTube and Instagram to promote their website and offer users tasty tips on topics like risk management and how not to make a mistake on your first trade. Via twitter they are consistently answering customer queries quickly and offering help.
Although IQ Option has free demos and educational videos via their website they also have a YouTube account were they are constantly uploading videos to help users and show beginners how easy it is to trade. With all the different options of contact available to customers it is easy to see why this company stand out from other binary brokers. They want users to know that they are never alone during their trading and that they are always available to help through their numerous online social media accounts.
Let's finish up our IQ Option review here. To conclude, IQ Option is currently the top binary trading platform in the market as far as we are concerned. Their trading conditions are highly legit placing them firmly in the lead among all other binary brokers. All research and tests lead us to believe they are not a scam and value their customers. Equally impressive is their payout and rebate rations - again unbeatable among their fellow competitors. If that wasn't impressive enough then their low minimum deposit requirement and minimum trade amount, a known complaint with other brokers should surely seal the trading deal.
Reviewed by: BinaryOptionsExpert.net
More Broker Reviews
Is IQ Option legit, will they scam me?
Every broker that we recommend is legitimate. We review them all to ensure that they are regulated and licensed and that they operate within the terms of their licensing. Not only do we research these companies but we ourselves use their services to test the various aspects of the service that they offer. When you choose a broker that is recommended by us you can be reassured that they are following the rules of their licence.
Do they have a decent mobile or tablet app?
This is an important factor for many traders who prefer to trade on the go and IQ Option offer a mobile app both on the App Store and on Google Play Store so there is something for both iOS and Android. Their app is in fact rated as the top performing binary options app in 28 countries (according to the App Store Ranking Feb 2016) and mirrors the features of their desktop site making sure that the trader enjoys the best that trading has to offer.
What bonus do they offer for new traders?
With a minimum deposit of just $10 and $1 minimum trade together with 77 assets available to trade means IQ Option isn't doing too bad. Sadly, they no longer offer bonuses. No deposit, match or welcome bonuses no longer exist and they don’t try and entertain new customers with lots of fancy incentives. This is largely due to CySEC EU regulation which states no bonus incentives can be offered to new investors.
Can I start trading on a free demo account?
The IQ Option demo account is one of the preferred demo accounts as it requires no deposit. In fact you don’t need to enter your credit card details to register and use a demo account. Simply log on and start using it absolutely free. This is a great way for traders to begin their trading experience and get used to trading with virtual money at no risk to their own funds. This try before you buy means you can get used the platforms before you deposit any money.
What’s the minimum deposit and trade amount?
The minimum deposit to open a binary options trading account with IQ Option and start trading is just $10. This again sets them apart from many other binary options brokers and is another of their strengths. With a minimum trade of $1 the real beginners can get their first taste using a demo account and then gently move into real trading without spending large amounts of money.