IQ Option Review - is iqoption.
com scam or good binary options broker.
Minimum deposit Min.
bet size Payout Platform Regulation 10 1 5,000 Up to 900 usually 87 Proprietary CySEC.
IQ Option is a binary options provider, which offers multiple trading instruments and a unique trading platform.
The company offers free demo accounts, which most binary brokers don t.
While IQ option doesn t offer multiple account types, like many other brokerages, they do have a VIP account available to those who deposit more than 3,000.
It is worth pointing out, the sum shouldn t be deposited in a single, initial transaction as is most often the case , but all of your deposits must amout to 3000.
The VIP account grants you slightly better payout percentages.
Security of Funds.
Company Country Regulation IQOPTION EUROPE LTD Cyprus CySEC.
IQ Option is regulated by the Cyprus Securities and Exchange Commission CySEC , one of the few reputable agencies which oversees binary options.
This raises their credibility a lot, especially when compared to the majority unregulated binary options broker.
In case you didn t know financial regulation is a key factor of a broker s reputation.
When dealing with an unregulated company, you are basically taking their word as the only guarantee you will ever get your money back.
CySEC, on the other hand, enforces a lot of rules on the firms it oversees.
In terms of the security of client funds, two stand-out as the most significant client funds must be kept in segregated accounts and brokers must participate in the local compensation scheme.
Segregated accounts are a special type of bank account, which the broker can not access freely.
This implies, they can t borrow the money you are not using for trading and spend it on company expenses.
Additionally the compensation scheme is a collective pool to which all brokers contribute a portion of their profits.
The fund then serves the purpose of a guarantee, in case one of the brokerages happens to become insolvent.
If you are trading with a binary options or forex broker, regulated by CySEC, your money is safe against their bankruptcy to a limit of 20,000.
One of the several unique aspects of IQ Option is the addition of Tournaments.
These are events in which participants each put-up an equal predetermined amount up-front and then compete against each other.
Tournaments have a fixed start and end time.
A new tournament account, with a virtual 100 is created for each participant.
Each contender trades, based on his own strategy and at the end of the tournament the top-ranking gainers are awarded.
Tournament entry fees currently vary from 1 to 20, which means basically anybody can try them out.
Do keep in mind, trading in these events is very aggressive and we would not recommend doing the same with regular options.
On the downside, there are multiple negative reviews of this company in various online forums.
While we can t confirm nor deny their credibility, the fact they exist is troubling.
The complaints vary from poor execution to slow or even non-existent withdrawals, which are serious issues.
Trading Options Binary Call Put , Digital Options, Forex and CFD .
Assets Currencies, Stocks, Indices, Cryptocurrencies.
the Forex and CFD trading modes are a mix between binary options and spot trading.
They may seem hard to figure out, at at first, but provide an interesting alternative.
Luckily IQ Option provides a video tutorial.
Minimum Initial Deposit.
The minimum deposit at IQ Option is only 10.
This is very low, even when compared with the lowest levels demanded by forex brokers.
That being said some of them like the FCA-regulated industry pioneers at IG do not require a minimum deposit at all.
The minimum bet size at IQ Option is 1.
This is basically as low as anyone goes in the binary options industry.
This is a good policy in terms of risk management, which is also offered by Grand Capital.
The payout level at IQ Option is 87 for the most basic binary options.
This is slightly higher than what other brokers offer.
As a comparison, Grand Capital usually offers 86 .
With digital options, depending on the price level one chooses to trade based upon, the payout can reach up to 900 .
However, in order for that to happen, the prediction will have to be a fairly unlikely one.
IQ Option has its own proprietary trading platform, which is rather nice.
They do have mobile app versions, as well as a stand-alone desktop application, which most binary brokers do not provide unlike most forex brokers, who rely on MetaTrader4 .
Having the ability to open the platform separately from your browser can prove to be invaluable, if you are not running with great hardware or like to open multiple tabs.
That being said, the platform feels very smooth, especially when zooming in and out of the charts with the mouse wheel .
Here is a preview .
The design is rather minimalistic, with all the options being available through additional menus.
Some technical indicators are also available, although the list is not as extensive as those offered by most forex brokers.
Candlestick charts are available, which can t be said for all binary option providers.
Methods of Payment.
The payment methods at IQ Option include Credit Debit Cards, Skrill, Neteller, Giropay, Sofort and many more .
We are not sure about the full lost of e-wallets but those seem to cover the most popular ones.
IQ Option is a CySEC regulated binary options provider.
The company offers its services via a proprietary platform, which seems better than a lot of the ones offered by competitors.
Interesting option types, like the digital ones are available.
Tournaments are also a nice addition, which some clients may enjoy.
Unlimited, free demo accounts are available, which is a rarity in the binary options world.
Here are IQ options, pros and cons .
Pros Cons CySEC regulation Negative user reviews Relatively nice proprietary platform High average payout Tournaments available Demo accounts available.
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Currently we are loving its 30 no deposit bonus and deposit bonus up to 5000.
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FxPro is a broker we are particularly keen on it s regulated in the UK, offers Metatrader 4 MT4 and cTrader where the spreads start at 0 pips, Level II Pricing and Full Market Depth.
And the best part.
With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions.
It runs an loyalty program, offers a 100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world.
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HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts.
The minimum intial deposit for a Micro account is only 50 and is combined with 1000 1 leverage - one of the highest in the industry.
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Traders reviews for IQ Option.
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