IQ Option Review year : Pros, Cons and How It Compares

If you have a multiplier, the price changes of your trading asset will increase by twenty-fold, fifty-fold, or 100-fold. The multiplier order will increase your profits, but you will face more financial risk in return. With withdrawing funds from trading accounts from IQ Option, the method traders’ use can contrast against the method of the deposit. The electronic wallet for withdrawals is similar to those for deposits. If a deposit was made through an electronic payment, then traders must withdraw funds to the same electronic account.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time. Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

Types of IQ Option Accounts

As said above, IQ Option have introduced a number of new financial products, some of which are nothing short of revolutionary. In this respect, they seem very invested in the cryptocurrency vertical right now. The company has different trading fees; they are divided into fees when transferring a position to the next day – they vary from 0.1% to 0.5%. And also fees are charged on some cryptocurrencies in the amount of 2.9%.

The New Year Warm-Up is a nineteen-day tournament with a prize pool of $20,000 for a buy-in of $4. For a buy-in of $20, traders can enter the Grand Finale, which lasts one month and has a prize pool of $50,000. Terms and conditions do apply, and anyone interested in participating in any of the tournaments should take the time to read and understand them. New traders should remain cautious, however, as trading tournaments tend to promote a false sense of knowledge and risky trading in order to win a portion of the prize pool. IQ Option does provide an extensive video library for education purposes. Most videos are less than 100 seconds long but of good quality.

You’ll also find the ETFMG Alternative Harvest ETF, which tracks the performance of companies within the burgeoning cannabis ecosystem. IQ Option was founded in 2013, and, since then, it has grown quite rapidly. In 2014, there were just under 1 million users with this broker.

Are you interested in trading but don’t know where to start? This innovative platform allows you to follow expert traders and copy their trades in real-time. Olymp Trade is a multi-asset trading platform established in 2014.

Fees

You are welcome to deposit using a debit or credit card (Visa, Mastercard, or Maestro) or an e-wallet like Skrill, Neteller, Webmoney, and other e-wallets. IQ Option has won many awards, due to its stellar trading application, variety of trading instruments, and impressive trading execution. IQ Options have traders in more than 178 different countries, all over the world. However, due to strict restrictions, IQ Option cannot access traders in the United States. There are other countries that cannot be accessed, such as Sudan, Canada, Syria, Russia, Australia, Japan, Iran, Turkey, and Israel.

This spread is a margin between the purchase and sale price of a security (they sell at a higher price than they buy). Generally speaking, it’s possible to operate with IQ Option if you live in a European country (including the United Kingdom). Unfortunately, it’s not possible to operate with IQ Option if you live in the United States, Japan, Israel, Australia, Russia or others. IQ Option support can be reached through a plethora of toll-free regional phone numbers. The IQ Option headquarters are located at Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus. The general support email is [email protected], and current contact information can be found on the company’s website.

The sub-section dealing with cryptocurrencies is the most up-to-date one, once again underlining the operator’s focus on this new financial vehicle. The CFD section is mostly focused on cryptocurrencies as well. While in the crypto sections, all virtual currencies are paired with the US, in the CFD section, crypto/crypto pairs, like LTC/BTC and ETH/BTC are available as well. Once the applicant has confirmed that the provided email address is up-to-date and indeed functional, a redirect screen will become visible.

Unlike most of their industry peers, IQ Option have not jumped onboard a mainstream trading platform such as MT4. These additional operating hours will undoubtedly add value for IQ Option users who like to trade on the weekend. In addition to 24/7 support, IQ Option also provides users with access to a functional – if somewhat limited – educational hub. The platform also comes with https://forexhero.info/ a wide selection of trading tools, including technical indicators such as Moving Averages, Bollinger Bands, MACD, and RSI. Overall, IQ Option can be summarised as a safe broker that provides competitive spreads and access to multiple trading instruments with a trust score of 94 out of 100. IQ Option makes a multitude of convenient deposit options and withdrawal methods available.

Try Some Trades With A Free Demo Account

The Affiliate Program is an unlimited program, and the earnings are paid bi-monthly. According to IQ Option, there are 115,410 affiliates in 178 countries. The company also provided the statistics of traders’ withdrawals each month, which is quite interesting. Traders withdrew $500,000 each month in 2014, $1,500,000 in 2015, and by the end of 2016 it rose to $5,700,000. IQ Option seem to have whipped their operation into shape lately. Offering an exciting selection of new products, the operator has retained its attractive platform, and the trading conditions it offers are quite possibly among the best in the industry.

This website is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders. IQ Option runs multiple online trading tournaments where registered clients can compete for generous prize pools. These are sporadically offered, and further details are available through the platform. Please read IQ Option reviews below and share your live trading experiences with this broker.

It’s possible to create a price alert directly on the chart and indicate levels to open trades. It also allows you to add analysis such as MACD, Bollinger or Mobile Media. Furthermore, it’s possible to draw on the chart adding lines. You will not be able to compare the charts with other indicators (e.g. the price of S&P 500).

CMC Markets Review 2022

Most of the top market-cap cryptocurrencies are supported, starting with Bitcoin and Bitcoin Cash, and wrapping up with IOTA, Dash and Monero. IQ Option offers its clients a virtually funded demo account, live trading accounts with low minimum deposit requirements, award-winning platforms, and much more. Like other trading platform, IQ Option lets you use a demo version. The only distinction is there is no expiry time for this account. The traders can keep using this account as long as they want. The company executes clients’ funds in financial instruments like contracts for differences (CFDs), binary option, and digital options.

• Customer satisfaction is paramount in every type of business.
• With IQ Option, you can also keep practising demo trading as long as you desire.
• In this respect, they seem very invested in the cryptocurrency vertical right now.
• Some countries are able to open and use accounts, but are limited with regards to mobile app access.

IQ Option notes that a maintenance fee applies to cryptocurrency CFDs, which increases over time to a maximum of 2.50% after eighteen months. With IQ Option, the traders are exposed to numerous tradable assets such as CFDs, Cryptocurrencies, Commodities, etc. Choose your preference and deposit money in your account to get started. The minimum investment amount varies as the asset is selected. Almost every reputed trading system online provides tutorials on trading instruments.

What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers. All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary. The demo account is a great place to experiment and find winning strategies, however.

At the same time, the platform includes certain features that are known from social trading brokers, such as a “leaderboard” with top traders on the platform. Customer support is available 24/7 via e-mail, while the support section also allows for the submission of questions. Phone numbers in seventeen countries, most of which are toll-free, provides the most convenient access to multi-lingual customer support. The FAQ section attempts to answer most questions and also points to live support for clients after they have logged into the trading platform. Most traders never require customer support, but the lack of transparency at IQ Option may warrant above-average assistance, which this broker provides through 79 support representatives. This broker offers outstanding customer support, a rare asset at IQ Option.

These benefits include High profitability rates, the use of a personal account manager, and Free tournament account participation. Once you are done with the asset selection, hit the trade iq option broker review now button, and enjoy the trading. You can also enjoy trading on the sessions over both browsers and mobile apps. IQ Option allows you to start trading with a minimum investment of $10.

The educational resources and materials include trading videos, webinars, and tutorials. To trade with IQ Option, you can download their trading platform on your desktop or mobile device, whichever software you have. The IQ Option mobile application was the leading reason for winning many awards, including the Best Mobile Trading Platform in 2015 by the IFM Awards. Trading Forex, CFDs, Indices, Futures, Cryptocurrencies, and Stocks involve substantial risk of loss.

In addition, the platform comes with a wide selection of trading tools that are typically not found on any binary-capable trading platform. Some of the advanced trading tools that we can see popular technical indicators such as Moving averages, Bollinger Bands, MACD, and RSI. Keep in mind that opening a real account doesn’t mean your demo account disappears.