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IQ Option Review

IQ Option Review

Trading Instruments:
  • Federal Realty Investment Trust, Fidelity National Information Services, Fifth Third Bancorp, First Solar Inc, FirstEnergy Corp, Fiserv Inc, Flowserve Corporation, Fluor Corp., Foot Locker Inc, Ford Motor, Fortive Corp, Fortune Brands Home & Security, Franklin Resources, Freeport-McMoran Cp & Gld, Frontier Communications, Gap Inc., Garmin Ltd., General Dynamics, General Electric, General Growth Properties Inc., General Mills, General Motors, Genuine Parts, Gilead Sciences, Global Payments Inc, Goldman Sachs Group, Goodyear Tire & Rubber, Grainger (W.W.) Inc., HCA Holdings, HCP Inc., HP Inc., Halliburton Co., Hanesbrands Inc, Harley-Davidson, Harman Int’l Industries, Harris Corporation, Hartford Financial Svc.Gp., Hasbro Inc., Helmerich & Payne, Henry Schein, Hess Corporation, Hewlett Packard Enterprise, Hologic, Home Depot, Honeywell Int’l Inc., Hormel Foods Corp., Host Hotels & Resorts, Humana Inc., Huntington Bancshares, Illinois Tool Works, Illumina Inc, Ingersoll-Rand PLC, Intel Corp., Intercontinental Exchange, International Bus. Machines, International Paper, Interpublic Group, Intl Flavors & Fragrances, Intuit Inc., Intuitive Surgical Inc., Invesco Ltd., Iron Mountain Incorporated, J. B. Hunt Transport Services, JPMorgan Chase & Co., Jacobs Engineering Group, Johnson & Johnson, Johnson Controls, Juniper Networks, KLA-Tencor Corp., Kansas City Southern, Kellogg Co., KeyCorp, Kimberly-Clark, Kimco Realty, Kinder Morgan, Kohl’s Corp., Kraft Heinz Co, Kroger Co., L Brands Inc., L-3 Communications Holdings, LKQ Corporation, Laboratory Corp. of America Holding, Lam Research, Legg Mason, Leggett & Platt, Lennar Corp., Leucadia National Corp., Level 3 Communications, Lilly (Eli) & Co., Lincoln National, Linear Technology Corp., Lockheed Martin Corp., Loews Corp., Lowe’s Cos., LyondellBasell, M&T Bank Corp., Macerich, Macy’s Inc., Mallinckrodt Plc, Marathon Oil Corp., Marathon Petroleum, Marriott Int’l., Marsh & McLennan, Martin Marietta Materials, Masco Corp., Mastercard Inc., Mattel Inc., McCormick & Co., McDonald’s Corp., McKesson Corp., Mead Johnson, Medtronic plc, Merck & Co., MetLife Inc., Michael Kors Holdings, Microchip Technology, Micron Technology, Microsoft Corp., Mohawk Industries, Molson Coors Brewing Company, Mondelez International, Monsanto Co., Monster Beverage, Moody’s Corp, Morgan Stanley, Motorola Solutions Inc., Murphy Oil, Mylan N.V., NASDAQ OMX Group, NRG Energy, National Oilwell Varco Inc., Navient, NetApp, Netflix Inc., Newell Rubbermaid Co., Newfield Exploration Co, Newmont Mining Corp. (Hldg. Co.), News Corp. Class A, News Corp. Class B, NextEra Energy, NiSource Inc., Nielsen Holdings, Nike, Noble Energy Inc, Nordstrom, Norfolk Southern Corp., Northern Trust Corp., Northrop Grumman Corp., Nucor Corp., Nvidia Corporation, O’Reilly Automotive, ONEOK, Occidental Petroleum, Omnicom Group, Oracle Corp., Owens-Illinois Inc, PACCAR Inc., PG&E Corp., PNC Financial Services, PPG Industries, PPL Corp., PVH Corp., Parker-Hannifin, Patterson Companies, PayPal, Paychex Inc., Pentair Ltd., People’s United Financial, PepsiCo Inc., PerkinElmer, Perrigo, Pfizer Inc., Philip Morris International, Phillips 66, Pinnacle West Capital, Pioneer Natural Resources, Pitney-Bowes, Polo Ralph Lauren Corp., Praxair Inc., Priceline.com Inc, Principal Financial Group, Procter & Gamble, Progressive Corp., Prologis, Prudential Financial, Public Service Enterprise Inc., Public Storage, Pulte Homes Inc., QUALCOMM Inc., Qorvo, Quanta Services Inc., Quest Diagnostics, Range Resources Corp., Raytheon Co., Realty Income Corporation, Red Hat Inc., Regeneron, Regions Financial Corp., Republic Services Inc, Reynolds American Inc., Robert Half International, Rockwell Automation Inc., Rockwell Collins, Roper Industries, Ross Stores, Royal Caribbean Cruises Ltd, Ryder System, S&P Global, Inc., SCANA Corp, SL Green Realty, Salesforce.com, Schlumberger Ltd., Scripps Networks Interactive Inc., Seagate Technology, Sealed Air Corp.(New), Sempra Energy, Sherwin-Williams, Signet Jewelers, Simon Property Group Inc, Skyworks Solutions, Smucker (J.M.), Snap-On Inc., Southern Co., Southwest Airlines, Southwestern Energy, Spectra Energy Corp., St Jude Medical, Stanley Black & Decker, Staples Inc., Starbucks Corp., State Street Corp., Stericycle Inc, Stryker Corp., SunTrust Banks, Symantec Corp., Synchrony Financial, Sysco Corp., T. Rowe Price Group, TE Connectivity Ltd., TJX Companies Inc., Target Corp., Tegna, Teradata Corp., Tesoro Petroleum Co., Texas Instruments, Textron Inc., The Bank of New York Mellon Corp., The Clorox Company, The Coca Cola Company, The Hershey Company, The Mosaic Company, The Travelers Companies Inc., The Walt Disney Company, Thermo Fisher Scientific, Tiffany & Co., Time Warner Inc., Torchmark Corp., Total System Services, Tractor Supply Company, TransDigm Group, Transocean, TripAdvisor, Twenty-First Century Fox Class A, Twenty-First Century Fox Class B, Tyco International, Tyson Foods, U.S. Bancorp, UDR Inc, Ulta Salon Cosmetics & Fragrance Inc, Under Armour, Union Pacific, United Continental Holdings, United Health Group Inc., United Parcel Service, United Rentals, Inc., United Technologies, Universal Health Services, Inc., Unum Group, Urban Outfitters, V.F. Corp., Valero Energy, Varian Medical Systems, Ventas Inc, Verisign Inc., Verisk Analytics, Verizon Communications, Vertex Pharmaceuticals Inc, Viacom Inc., Visa Inc., Vornado Realty Trust, Vulcan Materials, Wal-Mart Stores, Walgreens Boots Alliance, Waste Management Inc., Waters Corporation, Wells Fargo, Welltower Inc., Western Digital, Western Union Co, Westrock Co, Weyerhaeuser Corp., Whirlpool Corp., Whole Foods Market, Williams Cos., Willis Towers Watson, Wisconsin Energy Corporation, Wyndham Worldwide, Wynn Resorts Ltd, XL Capital, Xcel Energy Inc, Xerox Corp., Xilinx Inc, Xylem Inc., Yahoo Inc., Yum! Brands Inc, Zimmer Biomet Holdings, Zions Bancorp, Zoetis, eBay Inc.

Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it.

Description

IQ Option Overview

Managed and owned by IQ Options Europe Ltd, IQ Option is a financial services provider . They have offered online trading services for many years, and continue to expand their offering.

During 2020, IQ Option also introduced margin trading. This moves them alongside the more established brokers and CFD operators in Europe and beyond.

For traders that are outside the EEA, their accounts are managed by a separate sister company called IQ Option LLC. The company is based in Saint Vincent and the Grenadines.

Regulation & Reputation

Regulations are the most important aspect to look at when looking at brokers. Without regulations, a broker isn’t trustworthy at all.

The good news is that IQ Option is regulated. But the bad news is that they are regulated and licensed by CySEC. CySEC is a regulator based in Cyprus and therefore, this regulation isn’t really trustworthy.

Good legitimate brokers are usually regulated by trustworthy regulatory firms like the SEC or FINRA.

Account Types

IQ Option makes 2 live trading account types available, IQ Option Real and IQ Option VIP.  The minimum deposit required to open an IQ Option Account is $10 USD.

IQ Option Real Account

The IQ Option Real Account offers traders a full trading experience with a minimum deposit of $10 USD.  Users will have access to over 300 assets for trade and full access to their risk-free demo account.

 IQ Option Account 🥇 Real Account
💰 Minimum Deposit $10 USD
📊 Assets 300+
💳 Withdrawal 24 Hours
🎉 Competitions ✔️ Yes
🚫 Restrictions None

IQ Option VIP Account

The IQ Option VIP Account offers investors a selection of exclusive benefits.  These benefits include High profitability rates, the use of a personal account manager, and Free tournament account participation.

🔎 IQ Option Account 🥇 VIP Account
✅ Availability Available to clients that deposit significant amounts.
💰 Minimum Deposit Subject to Change
🤝 Account Manager ✔️ Yes
📊 Monthly Reports ✔️ Yes
⚙️ Additional Returns 3%

IQ Option Fee

TRANSACTION & COMMISSION FEES

IQ option charges little to no commission fees. A fee of 2.9% will be charged if you open a ‘long’ cryptocurrency position. For example, if you invest $10 to buy the equivalent in Bitcoin, you will be charged $0.29 for opening the position (or 2.9% of $10).

OVERNIGHT FEES

Also known as a ‘Swap Fee’ or ‘Overnight Funding’, this will be charged on CFD positions left open overnight. This fee is set at 0.01% – 0.5% of the face value of the position and affects CFDs on forex, ETFs, cryptocurrencies and commodities. Brokers such as IQ Option will charge an overnight fee to cover the cost of the leverage a trader uses overnight.

IQ OPTION TRADING FEES

IQ Option does not charge any fees on trading activity. You’re free to profit off your open and closing trade positions without paying any trading or commission fees. Many brokers will take a slice of the profits generated from the ‘spread’, i.e. the price difference between where traders buy or sell an asset. However, IQ Option does not do this and instead generates its revenue by alternative means.

IQ OPTION INACTIVITY FEE

There is a ‘Dormant Account Fee with this broker. While some brokers only require that you log in to your account to keep it active, IQ Option charges a fee if an account is inactive for 90 days. If no trades are opened, pending, or executed inside 90 days, your account will be charged the €10 fee. The same amount will also be charged monthly afterwards if your account remains dormant.

VERIFICATION FEE

While you won’t be charged for opening an account with IQ Option or making a deposit, it’s important that you submit your identification verification documents as soon as possible after you’ve opened your account. If you don’t submit them within 15 days after making your first deposit, all your funds (minus profits) will be returned to your account. If your balance is above €5 then you don’t need to worry, but if it’s below €5 then you’ll be charged a fee of up to €5.

Trading Platform

IQ Option developed an award winning proprietary trading platform. The platform is user-friendly and easy to use. The trading tools included: multi-chart layouts, technical analysis, economic calendars, stock screeners, historical quotes, volatility alerts and market updates. Unlike other brokers, iqoption platform is available in 13 languages.

IQ Option’s platform allows you to trade a variety of financial instruments and assets. These include stocks, Forex, binary options, digital options, ETFs, cryptocurrencies (such as Bitcoin, Litecoin, and Ethereum), and other commodities. The main screen shows a chart displaying currency value over time. On the right side of the screen, you can buy and sell currencies. The top of the screen displays the balance available in your trading account, and the asset that you are trading in.

The chart is in the middle of the screen. Buy and sell button are on the right side. Trading account balance is shown at the top.

Trading Platform IQ Option

You can choose between different assets by clicking on the drop-down box on the left-hand side of the screen. The trading interface has useful browse and search functions to help you find specific assets.

Markets Available

If you choose to trade, click on the buy or sell buttons on the right hand side of the user Interface. Input the amount that you wish to buy or sell. If you want to multiply your potential profit by a coefficient, you can use multiplier orders. This increases risk and the potential gain. You can choose and set thresholds that close the trade to avoid you spending much of your balance.​

Buy and Sell Buttons at IQ Option

Technical Indicators

Technical indicators are useful in helping the user identify and monitor trends. Indicators give insight into which trades are likely to be profitable. The technical indicators include: Volume (exchange), Bollinger Bands, Alligator RSI, MACD, Moving Averages, Stochastic Oscillator, Parabolic SAR, Awesome Oscillator, ATR, Fractal, ADS, CCI, Ichimoku Cloud, KDJ, DPO, Belkhayate Timing.

Technical Indicators

Analysis – Charting Tools

IQ Option offers an array of visual charting tools. Charting options allow traders to map out their trading strategies. The graphs offered on the user Interface include Area, Line, Candles, Hollow Candles, and Bars.​

Deposit and withdraw money

IQ Option offers more than 5 deposit and withdrawal methods. The minimum deposit for this account is only $10.

Deposit and Withdrawal IQ Option

Investors can deposit money easily. This exchange offers you a lot of payment method options to fund your account.

In addition top up by card, you can also use other methods, including: wallet such as Skrill, Neteller, Mastercard, Visa, Webmoney WMZ, Webmoney WME or AdvCash.

According to many traders, the lack of a Paypal deposit method is a pity for this exchange.

According to practical experiences, depositing and withdrawing money with e-wallets and cards will be faster than depositing by bank transfer.

The IQ Option binary options trading platform offers you several other deposit methods depending on the country. The minimum amount for a trader to start trading with a real account is $10 (VND 230,000). This number is considered one of the lowest in the industry.

You should note that the exchange’s trading platform only accepts deposits in US dollars and euros.

IQ Option Withdraw funds

Investors need to use the same method as when depositing. Although this exchange allows deposits without verification, you can only withdraw funds after you have verified your identity.

The minimum withdrawal amount is $2 (50,000 VND) and the maximum is $1,000,000 (23 billion VND).

Withdrawal requests take up to 3-5 business days to process. Some withdrawals may take a long time to anticipate depending on the remittance service provider and the remittance method. That’s why we encourage you to check your account right after you sign up.

Trading Asset

List we found in table below are product that can trade on IQ Option:

Stocks It’s not possible to invest in real stock with IQ Option; you can only invest in CFDs of some stocks.
ETFs & Funds With IQ Option you cannot invest in ETF or investment funds; the only way to do this is investing via a derivative ETF products like CFDs.
Forex It’s possible to invest in 41 currency pairs using CFDs, or through options (if you have a professional account) in 20 currency pairs.
CFDs IQ Option’s main investment assets are CFDs. You can find CFDs for stock (177 total), ETF (23 total), cryptocurrency (12 total), Forex (25 total) and commodities (4 total). The truth is that other trading platforms offer a bit more variety. 

If you have a professional account, that is, if you can prove to be a finance expert. You’ll also have access to options with IQ Options. Be aware that they don’t have many available (48 total) though.

Cryptos It’s also not possible to purchase cryptos using IQ Options. You can, however, trade cryptocurrency derivatives (CFD). There are ten cryptocurrency CFDs (Etherum, Dash, Bitcoin, etc). Take a look at eToro if you’re thinking of buying cryptos.
Other products Finance professionals will have access to forty options if they so wish. Investing in fixed-income products such as government bonds is not possible.
Types of orders You will be able to operate via market orders, take profit, stop loss (fixed through percentages). It’s also possible to establish a dynamic stop loss to increase or decrease it if the asset’s price moves in your favour. Be aware that the price of the order execution is not guaranteed, as for instance during high volatility periods.
Leverage It’s possible to increase leverage if you have a professional account and live in a European country. IQ Option offers users from other countries higher leverage levels. You will be able to adjust this level, but never to remove it completely.This means that, for example, if you invest $/€/£100 in stocks, your real investment may be $/€/£150 – if the price goes up, you will have higher profits, but if it goes down you will have more potential losses.

Customer Support

There are several ways to contact customer support:

  • by phones and addresses indicated on the site;

  • via email: support@iqoption.com.

  • via social networks;

  • via chat on the broker’s website;

Conclusion

IQ Option is actually a pretty reputable binary options broker today. However, as we said earlier, options trading is very risky, so you should be very careful when participating in this form! Good luck!