One of the far most difficult things in regards to trading binary options is to choose a reliable broker site to trade. There are hundreds of options out there depending on your geographical area. For this reason, we take our job of doing reviews seriously because we understand that you do not have the adequate time to go over and look at all these websites to find the best. Today we will have a look for an advanced and progressive binary options broker called IQ Option. Before we start, let us kindly express that we did not find complaints about IQ Option while browsing via Google. This is important for us.
IQ Option had gained a constantly increasing number of customers since then and first came onto the financial trading market scene in the year 2013. We discovered that the broker gets quite favourable reviews and is usually well thought of by the ones who had traded with them when we checked online.
We will walk you through everything from the signup to executing trades and customer support.
“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”
Sign-Up with IQ Option
For enrolling to the site, the landing page is quite clear-cut to comprehend, and that was repeated in the authentic signup procedure to get the website. Minimum deposit amount is $10 which is one of the lowest deposits we have ever seen to enter into trading using an internet broker.
There is a demo trading account which lets you trade with $1,000 demo money. Their demo account enables the traders to be familiar with the trading platform.
We strongly recommend you to open demo trading accounts not only with IQ Option but also with the other brokers in the market before you trade with real money.
IQ Option Assets
IQ Option offers many assets to trade on, a lot of which are popular stocks including Wal-Mart, Google, and Apple. They offer their users the capacity to select between currency pairs and stocks, indices, commodities to trade with. There is a variety of assets that dealers may put winning trades with.
IQ Option Trading Platform
The trading platform is the brain of a Binary broker. And IQ Option’s trading platform is one of the most functional platforms we have experienced before. There are desktop/laptop and mobile based platforms which enable you to trade not only at your home/office but also on-the-go.
The trading platform lets you execute your trades via the site. The minimum trade amount is $1.
The payout ratio is one of the key factors when deciding a Binary Options broker. With IQ Options; The payout ratio is up to 91%. (Amount to be credited to account for a successful trade.)
IQ Option Banking
There are several deposit/withdrawal methods which you can use with IQ Option. These are; VISA, MasterCard, Bank Wire Transfer, Maestro, CashU and WebMoney for making deposits and withdrawals.
Withdrawals will typically be processed within 1-3 business days depending on the withdrawal type you prefer. And they may be done in several of the types that are same as used to make your deposit. Bear in mind that to make a withdrawal the very first time, you will have to send scanned copies of your government issued a scanned copy of a utility bill, ID and also a scanned copy of your signed credit card if you wish to use the withdrawal method you prefer.
IQ Option Customer Service
Customer support is helpful at solving problems. Below methods can be used to reach to the Support:
- Skype (It’s like a call, no camera needed)
- Live Chat
- Support Tickets on the platform
- Demo trading account.
- $10 minimum deposit amount.
- $1 minimum trade amount.
- Regulated broker.
- Innovative trading platform.
After evaluating all of the positive and negative factors objectively, we have come to a decision to recommend you IQ Option as a Binary Options broker.