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Iq Option Broker Review

Details

Broker IQ Option
Website URL https://iqoption.com
Founded 2014
Headquarters Hinds Building, Kingstown, St. Vincent and Grenadines
Trading Platform Proprietary Web, Mobile App
Minimum 1st Deposit $10
Minimum Trade Amount $1
Maximum Trade Amount $ 5 000
Bonus 200
Payout 95%
Leverage 30:1 Retail Traders, 1000:1 Professional Traders
Spread EURUSD Spread: 14 pips GBPUSD Spread: 5 pips EURGBP Spread: 15 pips
Free Demo Account Open Demo
Regulated Yes
Regulation CySEC (Cyprus)
Account Types Training Account, Real Account and VIP Account
Deposit Methods Credit cards, Neteller, Bitcoin, Skrill, Wire Transfer Local Banks
Withdrawal Methods The Same Payment Methods Is For Withdrawal
Number of Assets 300+
Types of Assets CFDs on Stocks, ETFs, Commodities, Indices, Cryptocurrencies, Forex and Options
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9

Pros

  • Low minimum deposit, zero fee, Regulated, 24/7 customer support

Cons

  • No USA traders,

Iqoption review 2021: is iq option legit or scam? Find out today from this review.

IQ Option is an international financial services firm with its headquartered in Cyprus. Run and managed by IQ Option Europe Ltd., a Cyprus S.L. Designated as an independent Cyprus Investment company (CIF). The online trading portal comes under the Cyprus Securities and Exchange Commission (Cyprus) regulation. A number of foreign companies with significant presence in Cyprus offer this trading platform to its clients, including some of the prominent banks such as HSBC, Santander, EY, UBS AG among others.

Iq Option Review

The iqoption trading has gained popularity worldwide due to its capacity to deliver superior quality stock investment opportunities to its clients across the globe. With its low commissions and minimal fees, the iq option has become one of the most preferred investment options for many traders around the world. As with other online brokers, the iq option broker offers a comprehensive range of financial services in its online trading services. The company claims to have “no commission fee brokerage” offerings, thus making it one of the most competitive firms in the industry. While offering competitive rates, the company also offers its clients with innovative investment strategies and tools. These are signal generators, market trend calculators, portfolio analysis tools, quantitative trading products, and social media integration.

Another important characteristic that sets iq option apart from other brokerages is the availability of a free bank card service. This enables traders with a bank card to make secure transactions online. In addition to this, the company also allows its clients to benefit from its “no membership fee” trading strategies. In other words, traders who are not members of the company can enjoy these trading strategies without paying any fees.

The iq option offers three types of CFDs: Commodity futures, Options Trading and Forex. Each of these three types of CFDs have their own unique features and characteristics. CFDs that trade commodities and options are used by major financial institutions around the world while those traded on the Forex exchange offer a wide range of currencies for trade. All these currencies are listed in the Forex exchange and have been certified by leading banks around the world. See other binary option brokers.

Account Types

Iqoption offer traders 3 trading account types in which you can choose from. The account types are training account, real account and VIP account.

  • Training Account: This account is also demo account. The company offers a $10k virtual money on demo accounts for its clients. However, to start trading, traders can open a free demo account. Once traders have gained experience and learn more about trading, they can decide whether or not to go for a real iq option account or a virtual investment 4tfund. A virtual investment fund offers excellent benefits to those traders who cannot make a regular deposit in their bank.
  • Real Account: When you are able to understand the risks involved, should you proceed with a real account. This account allows you to enter the financial market with as low as 10$. Therefore, you can trade at IQ option platform and make more money with $10. There is a weekly tournaments in the real account.
  • VIP Account: Enjoy high profitable rate with vip account. However you get 3% extra advantage over other traders. There’s personal account manager and higher profitability rate. Moreover, it’s cheap in which you can start with $3000.

What Can I Trade With Iq Option?

iq option platform provides online trading facilities for CFDs of all currencies. This means that investors can trade the currencies of their choice regardless of the country they are based in. This makes iq option a convenient alternative for investors to trade in a variety of financial instruments. Moreover, this online trading facility customers to place oders for commodities and currencies with only a few mouse clicks. This eases the work and helps traders gain more insights into the financial instruments.

Trading Platform

Iq option

Iqoption offers a good trading platform with affordable pricing. However, this platform is built with intuitive interface and easy to navigate buttons. Any trader can easily get use to tbis platform. The trading button is BUY and SELL. while there are indicators to help you succeed. In the process of our iq option review, we tried the platform with BTC/USD. Though we are very use to iq option platform but we need to comfirm the recent update. As you can see, it’s fully loaded with features that can help you.

Is Iq Option Legit?

A number new traders will ask if IQ option is legit and reliable?. Well the broker have been operating since 2014 and traders always regard them as best. However judging from our experience as a trader not affiliate, we are happy with iqoption. Iq option is legit and reliable with increase in development and experience. More-so iqoption have a regulatory compliance from major regulators. Above all, no scam history.

Trading Costs And Fees

IQ Option are transparent with their fees and costs. In order to see what trading at IQ will cost, you need to consider:

  • Spreads – The difference between buy and sell prices. This is often variable and will depend on volatility, liquidity and even the time of day.
  • Swap Fees – These are fees applied for positions held overnight. Charges vary from 0.1% to 0.5% and will be higher when positions are held over the weekend.
  • Dormant Account Fees – If an account is inactive for 90 days, IQ will start applying a charge of €10 (or currency equivalent) each month, assuming the account balance is above zero.
  • Withdrawal Fees – There are no fees on the majority of payment service providers, but bank transfers do attract a charge of $31 (or currency equivalent).
  • Commission – On certain cryptocurrency trades, commission of 2.9% will be charged. This charge does not apply on any other asset

Customer Support

What makes a broker more reliable, beginner friendly and trustworthy is customer support. However, if a broker only charges you for their anyhow service, it is a red flag. In the process of our iq option review, we noticed that they offer multiple support service. Therefore, investors can easily learn, ask and solve technical problems. However you can get this support via livechat, email and phone calls. Depending on your country, you can visit the Office headquarters for clear information. This customer support is 24/7 and instant reply with 79 specialists to help.

Conclusion

Finally we will conclude our iq option review by telling you to start trading. If you are still looking to verify if IQ option is legit; Then we are telling you that they are not just legit but one ofvthe best trading platform. However other brokers like iqcent can be a good competitor but is still new. To start trading with IQ option, have that confidence and make trade with low size.

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