IQ Option Review and Tutorial 2019

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Owned and owned by IQ Options Europe Ltd, IQ Option is a financial services supplier that’s based in Cyprus. Designated as a Cypriot Investment Firm (CIF), the trading system comes under the authority of the Cyprus Securities Exchange Commission (CySEC).
It’s licensed to offer financial services to customers from the European Economic Area (EEA) below the CIF permit #247/14. The trading system went in 2013 and ever since that time, it’s increased by bounds and leaps. Together with its low minimum deposit demand in $10 and absolutely free demo accounts, IQOption has really made online trading available for everybody.
Regulation & Reputation
Within the few brief years it has been usable, IQ Option has gained a lot of awards praising the standard of its solutions and its visibility. These days, it’s been recognized as one of the major brokers in the business too. To reinforce its image as a trustworthy broker, traders will probably be delighted to understand that IQOption is currently a controlled broker under the authority of the Cyprus Securities Exchange Commission (CySEC) below the title of holding firm IQ Option Europe.
As a controlled broker beneath CySEC, this usually means that IQ Option can also be a MiFID compliant broker. To put it differently, IQOption is allowed to provide its solutions to customers inside the EEA. Another advantage for customers of being controlled by CySEC is the simple fact that IQOption can also be a part of the Investors Compensation Scheme. Under this strategy, every one of IQ Option’s customers ‘ funds is protected up to a maximum amount of 20,000 euros.
But for traders that are outside the EEA, their accounts are managed by a separate sister company called IQ Option Ltd.. The company is based in Mahe, Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).
Trading Platforms
Rather than opting for a standard trading platform, IQ Option has chosen to provide its clients with a proprietary platform designed specifically to cater to their trading needs. The same platform is used for CFDs and for binary options trading. Well designed to be user-friendly, the platform features a large chart which is a great help for traders who wish to monitor the conditions in the markets.
In addition, the platform comes with a wide selection of trading tools that are typically not found on any binary capable trading platform. Some of the advanced trading tools that we can see popular technical indicators such as Moving averages, Bollinger Bands, MACD and RSI.
The brand often add new feature to the platform to offers traders more flexibility. One such feature is the ‘place caked ‘. This allows a trader to hold a trade open if it is approaching a stop loss. It gives the trader more scope to allow trades to recover before being closed. It must be used with discipline, but offers traders new risk management or trading strategy options.
IQ Option Trading Platform
Mobile Trading
For traders that are unable to remain at their trading terminal for any prolonged period of time, they can install the mobile trading app that has been provided free of charge by IQ Option. The mobile trading app which has been designed specifically for smartphones and mobile devices, allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades.
Trading Accounts Offered
Unlike most CFDs and binary brokers, IQ Option has only chosen to offer 3 types of trading accounts, a standard trading account, a VIP account and a demo account.
To open a standard account, only a minimum deposit of $10 is required. As for as the VIP trading account, you need to place a minimum deposit of $1900 (or currency equivalent) — but hit trading volume of $15000.
Both types of trading account entitle the trader to participate in the IQ Option’s weekly trading competitions. However, the VIP account will entitle the account holder additional trading benefits like a free participation in the trading promotions, 3% additional returns and the service of a personal manager.
Potential traders who wish to try out the platform can first sign up for the demo account. It is provided free of charge and doesn’t need some “pre-deposit” like any brokers are needing their customers to perform . The demo accounts comes pre-loaded using $1000 practice cash that you may use to do your clinic trades.
Bonuses & Promos
In accord with CySEC’s regulations, IQ Option no more offer you any sort of deposit bonuses. The only sort of promotional supply which traders in IQOption can take part in is your trading contest that they may combine for a entry fee. Prizes for the contest range for about $100 to about $100,000.
Video Demo — Forex Introduction:
Assets At IQ Option
Presently, traders in IQ Option can trade at 90 various kinds of underlying resources. They consist of a choice of currency pairs, market indices, commodities and stocks. Lately, IQ Option has also added a collection of 12 unique kinds of cryptocurrencies because of the customers to trade in.
The listing of markets accessible to trade is constantly rising. Lately, the company expanded their listing of shares and discuss and required the total outside 150. Anticipate that growth to continue in every area. IQ also disperse markets around all goods, so items such as Oil, Gold and Silver have been inserted into Digital trades advantage listings.
Minimum trade dimensions do vary with every item. Thus binaries and electronic options could be started for 1, however, a Forex CFD comes with a minimum trade size of 20, and FX Options $30 (Or Euro or GBP equal ).
FX Options
FX Options are a really new item. So new in actuality, that they’re currently just available over the five key currency pairs.
Offered at EU regulated markets, they still provide adjusted risk investments, very similar to binary options. There’s a fixed expiry for every FX option and the possible payout will be dependant on the underlying asset cost. So in which a trader thinks a solid price movement is impending, payouts hit 2000 percent and much more.
Since the expiry strategies, payouts have a tendency to rise as such options are influenced by precisely the exact same delta, and gamma values as conventional options. There’s a $30 minimum trade set on FX options, but they are sometimes offered anytime up till expiry. If a trader has attracted a call or a place, the two may be marketed before expiry to lock in profits or cut losses.
These are a terrific way to allow EU traders to access fixed danger trades.
Since the product grows in popularity, the IQ will expand the assortment of markets and expiry times (currently just 1 hour expiries can be found ).
Cryptocurrency Multiples
Another revolutionary product produced by IQ is that the Cryptocurrency Multiples. These efficiently work just like a leveraged trade, therefore cost moves in the underlying assets have been emptied. IQ Option initially introduced this notion using Bitcoin x 100. This increase the costs moves by 100 occasions, producing enormous opportunity — and risk for traders.
This item was so hot, which IQ have enlarged the idea to Ethereum, IOTA, Ripple as well as many others. The multiplier variable ranges from x20, to x50 and also x100 around Bitcoin as said. Currently, these products are only accessible to Non-EU traders.
Customer Support
Among the main plus points of IQOption is that their customer services. To make sure that traders in IQOption can find the help they desire every time the need arises, the broker has created its service services accessible 24/7. They could speak to the support staff through email, live chat or your phone. For the advantage of traders that their mother tongue isn’t the English language, IQOption has also interpreted their site to several dozen different languages.
Deposit & Withdrawal
For the financing of trading balances in IQOption, the broker has offered support for many procedures of finance transfer. These approaches include transport by charge cards, ewallets and bank wire transfer. Secured credit cards include VISA, Mastercard and Maestro. In terms of the eWallet options, they also comprise popular pockets like Neteller, Skrill, Perfect Money and Webmoney.
To withdraw money, traders may also utilize the very same methods they used for creating a deposit at the first location. Performance of withdrawal requests normally require one day but may be as quickly as a couple of hours when the withdrawal technique is by eWallets. As credit cards and bank wire transfer, the whole withdrawal procedure can occur as long as 10 business days to be finished.
Growing in Asian markets has also directed IQ Option to expand their reach within that area. Because of This, bank transfers are now possible from a wide Assortment of banks in this field:
Thailand–Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bank of Ayudhya, Government Savings Bank, TMB Bank.
Indonesia– Central Asia,Negara Indonesia, Rakyat Indonesia, CIMB Niaga,Mandiri.
Vietnam– Vietcombank, Asia Commercial Bank, Bank for Investment and Development, Techcombank, Vietin Bank, Sacombank, Donga Bank, Eximbank.
Malaysia–Maybank, Hong Leong Bank, RHB Bank, Public Bank, CIMB Bank, AmBank
Philippines — Help2Pay — Supports both BDO (BDO Unibank) and MTB (Metrobank)
South American options are also being enlarged:
Brazil — Jeton Wallet (Supporting Boleto Bancario), also AstroPay (Boleto, Itau, Bradesco, Banco do Brasil, Caixa, Santander)
Argentina — AstroPay (Supported banks; Pago Facil, Santander, Banco Galicia)
Perfect Money may also be utilized throughout South America, including Colombia. Perfect Money is really also a legitimate alternative across Nigeria and Pakistan also, in addition to portions of Europe.
Jeton will even encourage IQ Option traders in India and also arange of banks catering to both South African traders also have been included.
China Union Pay may ease withdrawals and deposits for both traders in southern China, Hong Kong, Taiwan and Macao.
Is IQOption acceptable for day trading?
Among the most essential components to consider if you are searching for a broker to run day trading together is considering the sort of tools that are readily available for trading. Using IQ Option as the broker supplies CFDs that permit traders to open and shut their market rankings at any moment, it’s the right broker for trading. Additionally, the broker is well controlled and this also helps to make sure your money is going to be dealt with professionally and professionally.
FAQs
What’s the minimum deposit requirement to open a trading account?
The minimum deposit in IQOption is 10.
How quickly can my lack request be processed?
Withdrawal requests at IQOption generally take 1 business day however as as brief as a couple hours.
Is IQOption a dependable broker?
Yes. IQOption is a trusted broker and can be governed by CySEC.
What type of trading platform really does IQOption have?
IQOption employs a proprietary kind of trading platform.
What’s the greatest leverage accessible at IQOption?
The most leverage provided by IQOption is currently 1:500 to get non-EEA members. EEA traders can notice leverage capped at 1:30. EEA traders may nevertheless, enroll as specialist — this usually means the regulatory limitations don’t apply to your own accounts. See IQ Option for Additional Information.
Accepted Countries
IQ Option prevents traders in Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Norway, Sweden, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar along with most other nations.
Traders Cannot utilize IQ Option from United States, Japan, Israel, Turkey, Belgium, Russian Federation, Australia, Canada, Germany, Italy, Netherlands, Romania, Spain.