Is IQ OPTION a scam OR one of the best trading platforms in the world ?
Please don’t deposit before you read this review of IQ OPTION !
At the end of 2017 me and my collleague have performed a thorough test of this popular broker, without the company knowing it of course.
Here is our true experience!
What instruments you can trade with IQ OPTION
Currently (beginning of 2018) there are totally 12 different cryptocurrencies that you can trade on IQ OPTION platform:
- Bitcoin / Bitcoin CASH
- ETHEREUM Classic
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.
**Your capital might be at risk.
2. FOREX TRADING
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.
3. BINARY OPTIONS platform
As the name of broker implies, IQ OPTION started as top notch binary options brand. 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.
What we LIKED during our review:
- You got everything under one roof – Cryptocurrencies + Forex + Binary Options
- Very low minimum deposit …. only $10
- High quality and super user friendly trading platforms
- Very stable mobile trading app
- Relatively low trading costs
- Many different payment options (wire, VISA, MASTERCARD,SKRILL,NETELLER etc)
- Demo account that you can use without any time restrictions
**Your capital might be at risk.
Unfortunately, there are currently NO bonuses offered!
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.
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.
The conclusion of our IQ OPTION review and our experience with this broker
During OUR test we noticed that IQ OPTION platform and OVERALL services THEY OFFER are a step ahead compared to the competition!
BUT Why you may ask ?
We will explain 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.
Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital