Trading Options
IQ Option has consistently added to the portfolio of underlying assets. Traders are able to trade in the 4 major asset classes such as forex, commodities, equities and indices. They also respond to user demand, for example Nintendo were recently added to the stock lists after seeing a huge spike in trading interest after the release of the Pokemon Go game.
Currency pairs are a particular strength at IQ, with some of the more exotic currencies available, including NOK, SEK and TRY. The asset list is comprehensive.
The firm have also added to their range of expiry times. Previously specialising in short term expiries, IQ now offer many more options – including the popular End of day expiry, and longer term End of week and End of Month. Trader choice has never been greater.
Account Type
The firm also offer a VIP Account. In order to get a the VIP account type, a trader needs to deposit $3000 or more in one deposit. Benefits to VIP status include:
Higher Payouts (For example, +3% on FTSE or Google trades)
Entry to larger tournaments, with prizes up to $100,000
Educational materials exclusive to VIP account holders.
Payouts
In term of returns on investments, the standard payouts offer very competitive rates. Under the right circumstances, traders can up to 91% payout in the case of a successful trade. These payouts will vary based on the asset and expiry time selected. The ‘headline’ payout of 91% is among the best offered in the industry.
Promotional Code
IQ previously offered monthly promo codes for new customers as a welcome offer. These were paid as a deposit match, and the level would ‘scale’ based on the size of the initial deposit. These types of offer have been withdrawn following CySec advice however. As a responsible regulated broker, IQ no longer offer this type of incentive.
Regulation
As indicated on their website, IQ Option Europe Ltd is operated by Infofield Premier Ltd (Registration No: HE324593) and Investlab Holdings Ltd (Registration No: HE327751). Since Investlab Holdings Ltd is regulated by CYSEC (License Number: 247/14), this means traders trading on the platform are also protected under the provisions of the MiFID.
Demo Account
IQ offer the best demo account terms in the industry. It is a No deposit demo account. The balance can be restored to $1000 as often as required, and the demo account is useable long term, there are no time restrictions.
The account can also run alongside a real money account – not “instead of”. This allows real money traders to change into the demo account, and trial new strategies without risking real money. It is the most flexible demo account available and is entirely risk free. This offering, coupled with the low minimum deposit, is why this broker have grown so quickly. It demonstrates a real confidence with the brand that they have the best trading platform, and know that once traders have used it – they will stay with them.
Countries
IQ offer trading in a range of countries, and also support across multiple languages. In 2014, the firm operated in 18 countries – in 2016 it was up to 178. There are however, some countries where trading is not possible with IQ due to regulations or local laws. So traders from Canada, USA and Australia are not permitted to open accounts at present.
Having started operating mainly in Europe, the UK is one of the largest trader ‘bases’ for the brand, followed by other European trading hubs, such as Germany and Sweden.
The firm are also growing very quickly in Asia. They have recently added multiple regions to their list, including:
Malaysia
Singapore
Thailand
India
Traders in these regions are now able to register at IQ Option. The login process is very quick, and the demo account sign up requires only an email address. Beyond the login screen, traders will need to make a deposit before trading for real money. The minimum deposit however, is just $10 – among the lowest in the industry. The minimum trade is equally low, at just $1 per trade.
Tournaments
There are regular trader tournaments across the trading platform – each carries their own set of terms and conditions. These are generally a competition based on trading success. They are a method by the broker to encourage trading, so the tournaments are usually decided via the amount of total profit over a given period.
They offer a great way for traders to compete against each other, and create a lot of interest. The terms will often vary – so one tournament might focus on short term options, while the next might look at a specific asset class, like forex.
Often there are substantial prizes for the winners of these competitions. These range from cash rewards, to more unique prizes, such as the recent Aston Martin race day experience. These gave winning traders the chance to enjoy a race day in one of the sponsored Aston Martin Racing cars. These tournaments really increase the customer friendly feel promoted by the firm, and they are worth looking into.
Review Conclusions
Pros
• High Returns of up to 91% payout in case of successful trade
• Low Minimum Initial Deposit Requirement
• Regulated Broker with CySec
• Cutting edge Trading Platform
Cons
• Smaller range of commodities than some rivals
The platform offers some very user friendly features, and a very low minimum deposit of just $10. With a minimum trade size of just $1, and the best demo account terms available, they are the best choice for anyone starting out in binary options trading.
Beyond that, the trading platform is excellent. They offer a wide choice of deposit and withdrawal options, generate the fewest number of complaints and are constantly improving. All in all, IQ currently lead the way in binary options, and their rapid growth shows little signs of stopping.
Customer Service Rating – 10
• 24/7 Live Chat
• Trading platform translated into 13 languages
• Phone support for all supported languages
Trading Choice Rating – 9
• Full range of stocks, Forex and Indices
• Silver, Gold and Oil
Deposit Method Rating – 10
• Credit Cards
• Wire Transfer
• Web Wallet (Paypal, Skrill, Neteller)
Minimum Deposit Rating – 10
• $10
Minimum Trade Rating – 10
• $1 Minimum
Trading Features Rating – 10
• Industry leading platform in our opinion.
Payout% Rating – 9
• Up to 91% payout in case of successful trade
Offers Ratings – 4
• Deposit match offers have been withdrawn as per CySec guidelines.
Site Intangibles Rating – 9
• IQ Option demo videos and training videos
• Regulated
• Free No Deposit Demo account – Unlimited funds, no time restriction
• Real time price feed from Thomson Reuters
• IQ Option VIP account – Better trading terms and VIP only tournaments
Registration
The IQ Option registration process just requires an email and only takes a few moments. Once verified, you then have access to the demo account, and the real money markets. In order to trade on the real account, a deposit will need to be made. The deposit process is simple, much like the register process. The open account button below will take you directly to the registration pages.
After sign up, traders will have access to the demo account. In order to trade for real money, a deposit will be required. The minimum is currently $10, and the smallest trade is $1 per option.
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