IQ Option first came onto the scene in 2013 and is the fastest growing binary options broker online today. When I checked online I found that the site gets very favorable reviews and is generally well thought of by those that are trading with them. The site definitely caught my attention when I discovered how much those that traded with them highly regarded this web broker. So I decided to open a demo account and later a real account with them myself. This review is based on my personal experience.
Online since: 2013
Regulation: CySEC (IQ Option Europe Ltd., located in Limassol, Cyprus)
Max Returns: 92% *
Minimum Deposit: $10
Minimum Investment: $1
Mobile Application: Android, iOs
*Amount that will be credited to account in case of successful investment
Deposit Info – Minimum IQ Option Deposit
You can demo trade on IQ Option if you want to practice trading without risking money, but if you are ready to go live, you can make your first deposit using credit or debit card, Skrill, WebMoney, Neteller, just to name a few. The minimum deposit on IQ Option is just $10, which is awesome if you have a small bankroll. Most sites require you to deposit at least $100 – 250. Deposit $3,000 or more, and you can become a VIP trader on IQ Option. This comes with a number of perks, including more educational resources, higher payouts on winning trades, and the exciting chance to participate in trading tournaments with prize pools of up to $100,000.
Withdrawal terms and conditions on IQ Option are delightfully friendly. Unlike most binary options sites that require that you wait until you have at least $100 to withdraw, you can withdraw as little as $2 at IQ Option. There are bank transfer fees, but there are no withdrawal fees for any other methods. This is terrific, since most brokers charge you for withdrawals or limit you to only one or two withdrawals per month.
In other words, IQ Option recognizes that your money is your money, and does not stand in the way of your accessing it. With hassles involving withdrawals so common in the binary trading world as to be nearly ubiquitous, this is a great advantage over other brokers.
Using IQ Option on Mobile
Since its launch in 2013, IQ Option has been at the forefront of developing innovative technologies in the binary options trading industry. The team behind it used their expertise to create new and effective features that make the platform easier to use.
In the world of binary options trading, that means giving traders features that help them more effectively analyze the market and place profitable trades (with risk of course).
One of the most popular of these technical innovations is IQ Option’s mobile app.
The IQ Option mobile app is one of the best mobile apps from any binary options broker. It is extremely user-friendly. This is, in fact, one of the app’s biggest selling points, as many of the other apps available in the industry are difficult to use.
In fact, with most apps, you have to be an experienced trader who has a deep understanding of the intricacies of the market and the technical jargon used. Not the IQ Option app though. It is powerful, so it is suitable for experienced traders; but it is also jargon free and easy to use, so it is suitable for all traders.
The app simplifies the process of trading binary options, and many traders prefer using it over the desktop website.
It has a comprehensive range of features, so you can do everything you need to successfully trade binary options or forex. There are a few different indicators available in the mobile application. All the graphs are easy to read and have an incredible level of detail, particularly when you pinch the screen to zoom in. Placing a trade takes a couple of simple taps.
It has a modern interface, and everything loads fast. In terms of look and feel – as well as functionality – the IQ Option’s app is a lot like a sports betting app. It is all about making an accurate forecast. There is risk involved too— you will lose your money when your predictions are wrong.
The app is secure, so your money and personal data are safe. It also offers good notifications, so you can get involved in tournaments and check price trends as they are happening.
Innovation and Education
I have been telling you all along that IQ Option is among the most innovative websites that I have ever come across. How do I know this to be true? How about the fact that they were the first to offer a free demo account to practice and learn on. It was a tool that sent a ripple effect throughout the industry.
Their free demo account helps those that trade with them learn how to operate the trading platform and it also teaches them the finer points of binary options trading before they enter the actual trading platform and start risking real money. Demo accounts offer site users an introduction to binary options trading for sure.
The excellent and innovative learning tools do not stop with the free demo account either. IQ Option was also one of the first sites to offer interactive learning for their users too. It is just another way to get ahead in the binary options trading market.
There are additional learning tools such as instructional videos and tutorials. So whether you consider yourself a seasoned binary options trading veteran or not, you will find something useful in their abundant learning section.
In my honest opinion IQ Option is one of the best brokers on the web today, they constantly keep working for a better trading experience for us as users of their platform. They offer 24/7 support in 13 different languages, they constantly strive to develop their platform. All feedback I have got from them so far have only been positive.