IQ OPTION Review 2019

Last updated: July 4th, 2019

Is IQ OPTION a scam OR one of the best trading platforms in the world ?

Read further!

Don’t Sign Up Before You Read This IQ OPTION Review!

Me and my colleague have performed a thorough IQ OPTION review, without the broker knowing it of course.

Here is our true experience!

Pros:

• Trader oriented platform (they add new tradable assets very often)
• You got everything under one roof –  Cryptocurrencies + Forex + FX Options + Binary Options (BO are not for EU citizens)
• Very low minimum deposit …. only $10
• High quality and super user friendly trading platforms
• Islamic accounts are available !
• Very stable mobile trading app
• Relatively low trading costs
• Many different payment options (wire, VISA, MASTERCARD,SKRILL,NETELLER etc)
• Local bank payment options for many Asian countries and South Africa
• Demo account that you can use without any time restrictions

Try IQ OPTION now and get the best conditions

**Your capital might be at risk.

Cons:

• No Metatrader 4 or 5 / no cTrader
• No welcome bonuses are available at the moment
• No VPS
• Not available for clients from:  USA, Canada, Australia, Belgium, Israel, Palestine, Japan, Russia, Turkey, Syria, Sudan, North Korea and Iran

Details about this broker:

Visit broker
Name of company	IQ OPTION
Trading platforms	+ Forex Trading Platform + Binary Options Trading + Cryptocurrencies Trading + CFD on Stocks, Stock Indices
Forex pairs available	22 currency pairs available !!
Minimum first deposit	$10
Max. leverage	1000:1 30:1 for E.U. clients
Languages available	English, German, Espanol, French, Indonesian, Italian, Portuguese, Swedish, Thai, Chinesse ...
Max payout if winning for binary option trades	92%* * max.payout in case of a winning trade
Time frames to trade via binary options	30 Sec, 60 Sec, 2min, 5min
Type of digital options	Call/Put, Turbo
1-click trading	YES
Demo	yes with virtual $10.000
How many instruments are available	78 (forex 22 pairs, stocks, commodities)
Established	2013
Webinars / Education	yes, slowly adding more and more
Regulation	yes regulated
Account currency	EURO, USD, GBP
Payment methods	Visa, Mastercard, Giropay, Sofort, Skrill, Neteller, Webmoney
LiveChat	Yes for real clients
Customer support	email / LiveChat (for VIP clients, direct telephone line)
	**Your capital might be at risk

IQ OPTION trading instruments

The investor initially has a choice of 79 trading instruments  in the following categories: commodities

1. foreign exchange (forex)
2. binary options (not for EU citizens)
3. forex options
4. crypto currencies
5. indices
6. equities (stocks)

While gold is the only one commodity and only six different stock indices are offered, the selection for the other two categories is significantly larger.

Even if one or the other may find this selection too small, our experience has shown that the values ​​for the trade seem to have been carefully chosen. With the exception of indices, 24 hours a day trading is possible in all categories, with at least one asset from a specific sector being always available in the equities category. Thus, strategies that focus on a specific economic segment are very well possible.

Try IQ OPTION now and get the best conditions

**Your capital might be at risk.

1. FOREX TRADING

A quick glance at the foreign exchange offer: All combinations of the majors and some other currencies such as the New Zealand dollar, the Russian ruble or the Swiss franc can be traded here. There are a total of 22 pairs are  available.

IQ OPTION offers you the opportunity to trade a total of 22 currency pairs. You have at your disposal not only the major currency pairs (EURUSD USDGBP, etc.) but also some smaller world currencies such as the New Zealand dollar, Russian ruble which can also be traded in combination with major currencies €, USD, British pounds etc.

2. BINARY OPTIONS

As the name of broker implies, IQ OPTION started as top notch binary options brand but has quickly turned into global trading brand (not only binary options but all kinds of trading instruments!

You can choose between two types of trading, as is the case with binary trading:

Put options and call options

Traders can use put options to speculate on falling prices, and use call options to bet on rising prices. Turbo options with particularly short expiration time frames with durations of 30 and 60 seconds are also available for trading, but due to the associated high risk, they are more suitable for more experienced traders.

Time Frames

The following time frames are available for binary options platform:

• 30 seconds
• 60 second
• 2 minutes
• 3 minutes
• 4 minutes
• 5 minutes1
• 5 minutes
• 30 minutes
• 60 minutes
• 24 hours
• 7 days
• 30 days

Particularly noteworthy is the fact that investors can also trade on the weekend when the regular trading venues are closed. For this, IQ Option offers OTC trading. This abbreviation stands for “over the counter” and means that trading takes place directly between the parties, ie between the broker and the investor, outside the regular stock exchange. Interesting are the regularly organized competitions in which traders can compete against other traders.

As of 2nd July 2018 ESMA European Union has forbidden the trading of Binary Options to retail traders who are European Union citizens.

3. FX Options from IQ OPTION

A brand new offering that was recently added into portfolio of trading instruments.

FX Options are basically a combination of real option trading and forex trading.

Why is it better than binary options ?

• there is not anymore “0 or 1” OR “earn something or loose all” principle – meaning even in case you dont guess the trade right, you will not lose the whole amount you put at stake !
• earning potential in case your assumption was right is unlimited
• if you think the currency pair will go up in specified time frame then you do CALL OPTION and vice versa use PUT OPTION for declining market price
• you will not lose more than you put at stake

4.CRYPTO CURRENCIES

Currently (beginning of 2018) there are totally 12 different cryptocurrencies that you can trade on IQ OPTION platform:

• Bitcoin / Bitcoin CASH
• Ripple
• IOTA
• Dash
• ETHEREUM
• ETHEREUM Classic
• Monero
• OmiseGo
• Zcash
• Santiment

We think they will add more and more cryptos over time, as new ones become popular. So far we think this choice is wide enough.

5. COMMODITIES

As the only commodity currently available, the precious metal gold can also be traded as a binary option.

6. Equities and Stock Indices

At the moment there are 49 Stocks available for trading.

Nowadays traders have up to 79 different asset classes available from commodities, forex, indices and stocks. The only commodity currently available is only GOLD and the stock indices are only six, the choice of stocks is much wider than the other two categories.
Stock indices are focused on London stock exchange index (FTSE 100), Frankfurt (DAX 30), Paris (CAC40) and New York (S&P500 / NASDAQ / Dow Jones). Besides many European and American stock titles, some Asian shares such as Toyota and Bank of China are available for trading. Overall we can say that the emphasis is put on stocks from banking and financial services, energy, the internet and telecom industry with which you can speculate.

Signup bonuses

Unfortunately, there are currently NO bonuses offered!

Regulation

IQ Option Europe Ltd. is registered at Cyprus, and is regulated by CySEC. IQ Option Ltd. is registered at Seychelles, this entity is not regulated.

How fund to your account

In addition to the two credit card variants VISA and MasterCard, IQ Option investors also have the option of using a number of internet payment services for deposits and withdrawals. The list of available providers includes Skrill, Neteller, Webmoney, and of course WireTransfer. These services handle payments very reliably. However, no detailed information is available on the fees charged when using IQ Option service for payment services. It is therefore advisable to contact customer service on this matter in order to clarify this. Because even the general terms and conditions help in this case only conditionally, as these currently, like many other contents, are only available in English. Here, from the customer’s point of view, there is still room for improvement. Incidentally, the minimum deposit that IQ Option requires from customers is relatively modest at just $10.

IQ OPTION demo

There is, of course, a demo account where you can practice your trading strategies without any risk using $10.000 virtual money. You can trade all types of assets completely stress free.

Quality of customer support

The conclusion of IQ OPTION review

“During this test we noticed that IQ OPTION platform and OVERALL services THEY OFFER  are a step ahead compared to the competition! No wonder that they survived the big cleanup in binary options industry and now start to take their share in forex trading industry.”

Let us explain you why.

First of all, during our  test, we noticed, that this brand puts really strong emphasis on trader’s education + on the quality and constant improvement of their trading software and last but not the least on the security of client’s funds.

Secondly, according to what we noticed, the client verification process is in line with the strictest regulation rules. In other words, IQ OPTION is one of few brokers out of all forex brokers that we tested, where you as a trader have the feeling that they want you to trade profitably and stay with them for long term, instead of just taking your money and run away (which is usually the case with many other brokers in this industry). That’s indeed a good signal for a new trader!

Last but not the least .. we think they have really knowledgeable customer support.

Similar as competition, IQ OPTION is available by phone, email, and live chat. In addition, there is also a mailing contact (a little old-fashioned but you never know when you will need it). Upon calling for customer service, a responsible client support person will either immediately pick up the line and and try to resolve your issue right away OR the system will create a so called  “Problem Ticket Nbr.” where you report a problem, and  employees will call you back later. This is a nice service to have, because it could perhaps save you a lot of money on your phone bills.

Broker contact details:

	IQOPTION EUROPE LTD
	Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus
Phone	+357 25 262 010
Email	support@iqoption.com
LiveChat	Yes for clients

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