It is a platform which is supervised by the regulatory agency for the financial markets of Cyprus: the CySEC. this is often why IQ Option is out there from an outsized majority of the countries of the ecu Union, with an outsized area: Germany, France, Great Britain, Slovakia, Croatia, Spain, etc. this is often the legal entity IQ Option Europe LTD. For countries outside the EU another legal form, IQ Option LTD, which isn’t regulated and domiciled in Seychelles. The broker is accessible in 178 countries including South Korea and China.
The reputation of the location has been built on very broad selection criteria. Professional and beginner investors find their place quickly. With a minimum deposit set at $ 10 and a primary position opening level of $ 1, it’s clear that IQ Option is developing a policy of flexible integration of latest investors.
Finally, what we generally remember about the web trading platform is its excellent performance on CFDs because of low commissions, compared to the competition, a choice of margin and tools that preserve the health of investment . Its strong and attractive positioning on crypto currencies is another value since it’s currently one among the foremost profitable markets.
Financial products which will be traded on IQ Option
We find a good range of monetary instruments available for negotiation on the trading website which will be classified into 5 main families:
- CFDs on stocks which represent 7,485 different companies, a number of which are listed on the NASDAQ and therefore the NYSE
14 crypto currencies
- ETFs that combine stock indices, commodities and baskets of assets. Their negotiation is completed sort of a classic action. This represents 4288 ETF
- Forex with 188 currency pairs
- options that encompass everything that has been mentioned above and other products, i.e. quite 10 million opportunities
- If we detail a number of the foremost wanted families here is what are often found on IQ Option Trading
How the IQ Option account works
Now that we all know more about who the broker is, the products it offers and therefore the different technologies / features available to investors, let’s determine what the IQ Option user account seems like
How to open an account?
It is very easy to open a web trading account on IQ Option. The customer goes to the web site and clicks on the account creation tab. A form opens. Some personal data must be provided. it’s also possible to form a fast registration with a Google or Facebook account.
Once this first level has been crossed, a choice is obtainable to the user. Either he stays that way and switches to the IQ Option Demo platform, or he finishes filling out his profile to access the important money trading version. Supporting documents are required for this. Namely a legitimate identity document (National card or Passport) on each side , and proof of domiciliation (energy bill for example) since the broker isn’t authorized in certain countries like us , Canada, Russia or Japan for regulatory issues.
In order to be ready to open your first position, a deposit of funds is mandatory – minimum $ 10 – via one among the various authorized payment methods: Mastercard , transfer, eWallets (Skrill, Neteller). Many currencies are accepted. An account validated and verified by the support may be a user profile that permits the withdrawal of funds.
3 sorts of accounts are available during creation, with the likelihood of migration during use: demo, normal and VIP.
The different trading accounts: demo, normal or VIP
We introduced it quickly once we explained the enrollment protocol. this is often a free account where a replacement registrant can test and explore the features of the IQ Option trading platform. A fictitious capital of $ 1000 is formed available to the budding investor. He can use them as he sees fit, on all the financial instruments offered by the broker. The trader has access to the real-time price of the products on charts just like a true money account. this enables you to undertake your hand at the web stock exchange safely and see the potential profits which will be made. The $ 1000 is additionally renewable on IQ Option demo.
The NORMAL account
This account is that the initiative , widely recommended for beginners, to trade real money. The IQ Option initial deposit is about at $ 10, which is affordable for all markets, with an edge opening starting at $ 1. this is often rock bottom amount within the industry. 70 assets are available. Orders are to be placed without restriction within the functionalities (Take Profit / Stop Loss, Call / Pull, etc.). Withdrawals from a traditional account are processed within 24 hours maximum. Competitions between investors are organized on the platform with rewards to be won (outside the ecu Union).
The VIP account ★
This account is taken into account the IQ Option Pro account for excellent reasons. Only investors who deposit quite $ 3000 are eligible for this profile. additionally to the features and options integrated into the traditional account, a couple of prime assets are to be discovered: a customized account manager, treatment of priority withdrawals, access to all or any the broker’s financial instruments, more advanced charts and analyzes, monthly activity reports that present and detail performance.
How does IQ Option work?
IQ Option is a web broker regulated by the financial market supervisory authorities of the many countries. The trading platform is one among the Market Makers. In simpler terms, the broker creates a mirror interface which reproduces identically the important data of the varied financial instruments made available to investors. Traders do not buy financial products; They speculate on the increase or fall of the costs of the latter. The catalog of those is given many possibilities: currency pairs, crypto currencies, stock exchange indices, international equities, commodities, CFDs, ETFs. Positions are opened from $ 1.
The platform is hospitable all adults from authorized countries. Registration is required from the web site via a form. it’s possible to check the functionalities of online trading live money with a DEMO account. For real earnings, the utilization of the important money platform is mandatory with an account verification on supporting documents (identity and domicile) and an initial deposit within the customer account (minimum $ 10).
Depending on the sort of account – Normal or VIP – the numbers of obtainable financial assets and features (analyzes, charts, forecasts) vary. Additional services also are impacted by the status of the IQ Option user account. Come and learn more about the way to operate by clicking here .
How to withdraw your money on IQ Option?
It is very easy to form a withdrawal from your customer account. The payment methods which will be wont to do that are an equivalent as those allowed for deposits. Namely: Maestro and Electron debit cards, Visa and Mastercard bank cards, Skrill and Neteller eWallets especially , bank transfers.
The minimum withdrawal threshold is about at $ 2. Despite everything, a fee of $ 31 is charged for any request to withdraw funds by bank transfer. it’s therefore preferable to accumulate sufficient capital. Money withdrawals via electronic wallets are recommended as they’re processed in only a couple of hours and impacted by minimal management fees. Here are the payment options available on our page .
How to trade well on IQ Option?
IQ Option provides investors with multiple solutions to find out , progress and improve their investment strategies. the help and training are plural and adapted to all or any levels.
The Demo account may be a perfect springboard to start out serenely and with none risk on the online trading platform. Customers can ask a comprehensive FAQ which provides answers to all or any general questions. Expert articles and a blog of specialised news complete this range of opportunities to trade well on IQ Option.
Finally, automatic trading with the IQ Bot may be a last option for investing effectively in IT management. From $ 100, FinTech software takes care of managing a portfolio of assets consistent with a posh algorithm to get the simplest possible profits.
How to delete my IQ Option account?
The first thing to try to to before starting the account closure procedure is to shut all active positions. also on settle the accounts via a final withdrawal. Finally, an invitation must be made to customer service who sends a user account closure form. Form to be duly completed and returned signed. As soon as this is often taken under consideration , the IQ Option account is permanently deleted.
Is IQ Option legal?
Yes IQ Option may be a completely legal broker. it’s regulated by the Cypriot authority CySEC which authorizes its presence on the ecu market especially . This shows that it’s fully compliant with the legislation of this geographical area with reference to trading within the financial markets.
Can we trust IQ Option?
There are many indicators that build the arrogance we will place in IQ Option. Some negative user reviews point to certain malfunctions / inconvenience that might cause believe that the web broker may be a scam. we might even speak of deleted accounts without having the ability to withdraw the balance. There are many complaints about massive loss of cash while trading. IQ Option reminds several places that web trading may be a high risk activity. That over 73% of investors lose their funds.
Despite these few uninviting feedback, there’s an outsized majority of consumers who are satisfied by the seriousness and professionalism of the platform; qualitative support from customer service; a high level of profitability by following the expert advice provided. additionally , IQ Option may be a regulated company with real premises, significant turnover and a high technical quality site.
Does the platform have an honest reputation?
The answer is both simple and sophisticated . Yes IQ Option features a good reputation within the trading community. this is often for several reasons:
– Its financial accessibility for all kinds of trader.
– With a minimum deposit of $ 10 and position openings starting at $ 1, we will only accept as true with this very attractive commercial dynamic.
– there’s nothing to match on this subject with many competing brokers where entry fees are $ 100 or maybe $ 500. If we add very low brokerage fees on Forex and CFDs, mainly supported the spreads taken by the broker, we’ve a really competitive platform.
– the online trading platform has seen an explosion of account opening since 2014. IQ Option has grown from 950,000 traders to over 14 million. Its transaction volume has grown from 200,000 per day to quite 3 million daily. Monthly trading volume slipped from $ 10 million to $ 11 billion.
– The last point concerns the geographical coverage of IQ Option currently. Its presence has exploded across the world . The broker left the EU zone to succeed in quite 178 countries, excluding some behemoths like the us and Russia.
What are the payment options?
Several payment methods are offered to customers to deposit or withdraw funds:
– The cards Maestro debits and Electron
– the cardboard Credit Mastercard and Visa
– The eWallets or e-wallets aren’t left with Neteller and Skrill mainly.
– Bank transfer is additionally possible. The minimum deposit is $ 10 for a withdrawal threshold of $ 2.
Obviously, especially within the EU zone, access to real money accounts requires checking your account by downloading an identity document, proof of address and a contact phone number for sending a code. activation. All withdrawals also will be subject to authentication procedures. the safety of your funds is a crucial point at IQ Option.