Choosing a broker is one of the hardest things when it comes to binary options trading.
Depending on where you live, there are literally hundreds of sites to choose from.
That's why we take our review work so seriously because we know that you don't have the time to review all of these sites or trade through them.
Today we take a look at the innovative and progressive binary options broker called IQ-Option.
IQ Option Review.
IQ-Option first made its mark in 2012 and has since attracted a steady stream of investors.
When we looked at them online, we saw that the site is getting rave reviews and, in general, it is well received by those who trade through this website.
The site caught our attention when we found out how many people who traded through this platform were quoting highly from this broker.
Here is our review of what, in our opinion, is a very good and worthy platform to trade binary options on.
We will walk you through it step by step from registration on the site to transaction placement and customer support.
Let's get started!
The landing page to register on the site is very simple and easy to understand.
This was noticeable during the actual registration procedure to access the website.
All we had to do was fill out a simple form, verify our identity by providing some details and, then, make a deposit to access it so that we could use the broker to place binary options trades.
Optional: You can start out with their demo account to practice if you're new to trading binary options.
IQ Option was very similar to other web brokers where once we signed up we found it to be a very easy to understand process.
We were immediately surprised that only US $10 was required to start to trading on the platform.
That's about the lowest deposit we've ever seen to trade with an online broker; that amount really does enable anyone who wants trade binary options regardless of their income, do so.
We invested a bit more than that because we wanted to see how well their bonuses worked.
At this point we certainly weren't disappointed with the sign-up process and were keen to see what other good things they were doing with their trading platform.
There are simply too many bonuses that this innovative online binary options broker offers to its many clients.
When you trade through the site you will find that when you hit certain trading milestones, you receive a bonus that you did not expect.
Bonus surprises in the form of extra money to trade with that you could never turn down.
You can also receive up to 100% sign-up bonus on the amount you deposit.
This form of bonus is a great way to not feel like you are risking your hard-earned investment as you keep getting better at binary options trading and also getting used to using a new web platform and system.
The nice thing about IQ-Option is that even the lower levels still offer a generous 80% bonus; so even when you deposit the minimum amount of US $10, you will receive a few extra dollars to trade with.
That is, without a doubt, a great idea.
Types of Accounts.
IQ Option likes to keep it simple and treat everyone the same way no matter how much they invest.
There are only two different types of accounts on the website; standard and VIP.
And the following is what each offers:
IQ Option Standard Account.
- This level starts with depositing just US $ 10.
- There are up to 45% payment options.
- Everything can be traded.
- Weekly webinars are included.
- Bonuses can go up to 80% with every registration or deposit.
- Account holders can participate in trading competitions of the online broker.
- With deposits of US $100 or more, the investor gets access to free information messages.
IQ Option VIP Account.
- This account requires a first deposit of US $1000 or more
60% payout bonus.
- Provides access to VIP webinars.
- Offers free information messages.
- Up to 100% bonus on registration and on every subsequent deposit.
- Faster recording processing.
- You will be assigned a personal account manager.
- All VIP account holders can participate in monthly analyst meetings to better plan their trading strategy.
We have told you several times that IQ Option is one of the most innovative websites we have ever come across.
How do we know this is so?
How about being the first to offer their account holders a free account to practice and learn; that was a tool that shook the industry to its foundation and many online binary options brokers and binary options robots followed and added that to their list of learning resources.
Their free demo account helps those who trade with it to understand how the trading platform works.
It also teaches them the finer points of binary options trading before using the actual trading platform and risking their money.
Demo accounts, honestly, provide site users with a risk-free introduction to binary options trading.
IQ-Options standalone demo program even comes with an educational Webinar.
The excellent and innovative learning resources isn't the only thing that comes with a free demo account.
IQ Option was also one of the first sites to offer interactive learning to their users.
That's another way to get ahead in the binary options trading market; the site sincerely believes that a well-trained binary options trader is more likely to become a successful binary options trader.
There are additional learning resources, such as free webinars, instructional videos, tutorials, and even a handy eBook.
They will do whatever it takes to ensure that investors of all levels are automatically successful in binary options trading over and over again.
So whether you're a novice trader or consider yourself a seasoned veteran of binary options trading, you'll always find something useful in their abundant training section that will help you become even more successful.
If you would like to have a lot of options in terms of different assets to trade, then you've come to the right place.
IQ Option offers more than 61 different options for trading and many of them are popular stocks such as Wal-Mart, Google, Snapchat, Coca Cola, and Apple.
They allow users to choose from stocks, indices, commodities, currency pairs, and even cryptocurrencies to trade.
There is enough variety in assets to allow traders of all levels to find something that they are familiar with and with which to place continuous, profitable trades.
IQ Option, again, decided to be innovative and design a trading platform that they thought the many traders would appreciate and be easy to understand and use.
Well; they have done a fantastic job.
Their trading platform is one of the best we've ever seen.
It is cleverly arranged and has clear menus.
It also has a unique zoom and custom layout capabilities that are, at the very least, unique.
It is a platform that will appeal to traders of all levels, to say the least.
The cleverly designed trading platform makes it very easy to execute trades through the website.
The minimum investment is US $1 and the maximum investment is US$ 20,000.
That gives you, and the other investors, a wide variety of investment options that you can use based on how confident you are in making trades and the risk you want to take when placing them.
All you need to do in order to trade is sign up on the website and go to the trading page.
There you select the type of option you want to trade in, the asset you want to trade and the amount you want to invest.
All of this can be done quickly with just a few simple mouse clicks; It is really very easy to place and execute trades through IQ Option.
You will spend your time figuring out profitable trades instead of trying to place trades on a hard to understand sites like most of its competitors.
Return on Investment.
ROI is the most important factor regardless of which binary options platform you use.
It's all about making profitable trades and IQ Option gives you all the tools you need to do that continuously.
When you have made a successful transaction, you can make up to 92% profit on the amount you have invested.
That is a return that is much higher than any other form of trading in the financial market and is just as good, if not better than you will receive from most other binary options brokers.
It is very easy to make deposits on IQ-Option thanks to all the different options you can use.
They allow you to use Visa, MasterCard, Wire Transfer, Skrill, Perfect Money, Maestro, AdvCash and WebMoney to make a quick deposit and get you on the website so you can start trading.
And as we have mentioned before, the minimum deposit of US $10 is very low compared to the rest of the binary options brokers.
Withdrawing money is also a very streamlined process.
These are usually processed within 1-3 business days and can be done through the same different options as those used to make a deposit including to your Bitcoin wallet.
When you first withdraw money, please be aware to include your scanned versions of your ID, a scanned utility bill and a scanned copy of the signed credit card if you wish to withdraw money in such a way.
There's a 2% withdrawal processing fee imposed with the minimum withdrawal amount being $2.
Customer service can be a real deal-breaker for many traders who want the convenience of getting issues sorted out immediately whenever they arise.
The good thing is that IQ-Option has its game stepped up on this front with 24/7 customer support service in place including your own account manager who can help you with any problems or comments you have while using the website.
Their customer support service is so on point that you can speak your native language with their support team and get help.
Even so, there's still room for improvement on such things as live chat support for direct answers to questions.
Otherwise, we believe IQ-Option is okay here.
IQ Options Cons Encountered.
This is the kind of website that gets traders from all over the world excited to place trades on, but unfortunately, the platform isn't available to some countries.
Some of the countries IQ Options is unavailable to include; Australia, USA, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Pakistan, Palestine, Russia, Sudan, Syria, and Turkey.
This is due to country restrictions on trading binary and digital options.
And while this isn't their fault, if you're from the said countries this is definitely a con for you.
We were also very pleased with their innovative and forward-thinking learning resources.
The fact that their very informative demo account is a separate option, rather than an integral part of the website, is particularly unique.
For example, the developers at IQ-Option can add possibilities to the demo, making it more and more like trading on the actual website.
And thanks to the interactive learning resources, you can progress much faster than with the traditional learning resources.
There is a lot about the IQ Option broker that is worthwhile.
Their very low minimum investment makes it possible for almost anyone to enter the binary options market.
And knowing that they are regulated by CySEC means that it is an honest and reputable website that is trustworthy.
It also gives their account holders peace of mind to know that their investments are processed and held through an account in a European Union.
IQ Options Review: Conclusion.
It is easy to see why the popularity of IQ Option has kept increasing so quickly.
We love that they are brave and innovative to build their own website so that many people can trade through the website.
We also have a lot of respect for websites that are confident enough to have their trade regulated.
Everything was backed up with excellent customer service and the many positive comments they have received show that they are committed to helping those who trade through their platform be successful and give them a positive trading experience.
Simply put, we give this binary options broker kudos and recommend every trader regardless of their level of knowledge to give them a try.
You certainly will not be disappointed.
To say that IQ Option convinced us and impressed us is, to say the least, an understatement.
Disclaimer: Trading binary options is risky. Don't invest what you cannot afford to lose.