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IQ Option Review

Overview

Platform Overview IQOption does not use off-the-shelf platform provided by 3rd part companies but it has  its own custom build and tailor-made platform. I found the platform quite intuitive and liked the… more

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Details

Broker IQ Option
Website URL http://www.binaryoptiontradingreviews.com/visit/iqoption
Founded 2013
Headquarters Cyprus
Support Number 74956680633
Support Types email, chat, phone
Languages EN, RU, PT, ESP, CHIN, Arabic, Indonesian
Trading Platform Custom
Minimum 1st Deposit $10
Minimum Account Size $10
Minimum Trade Amount $1
Bonus Bonus
Payout 74-92%
Free Demo Account Open Demo
Regulated Yes
Deposit Methods Credit Cards, Money Wallets, Wire Transfer, PayPal, WebMoney, Qiwi, Yandex Money, Credit Card Deposit by Phone, Boleto, Skrill, Multibanco and Netteler
Withdrawal Methods Credit Cards, Money Wallets, Wire Transfer, PayPal, WebMoney, Qiwi, Yandex Money, Credit Card Deposit by Phone, Boleto, Skrill, Multibanco and Netteler
Number of Assets 105+
Types of Assets Forex, Commedities, Stocks, Indices, Bitcoin Index
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 3.8

Full Review

Short Summary
IQ Option is relatively a new broker in the industry established in 2013.  It is a owned by a holding company called Investlab Trading Limited a company,regulated by the Cyprus Securities and Exchange Commission (CySEC), under License number 247/14. It offers its service worldwide (apart from USA).

It has stood out in the crowd of binary brokers due to its strong focus on unique offerings like No deposit free demo account and trading competition based on real account performance. I was able to open a new demo account in matter of 30 seconds without making any deposits. So,if you just want to start binary trading without any risk or want to test your strategy in demo account before making real deposit, IQ Option is a good option.

What I did not like about the broker is lack of availability of long term  expiry of options (more than a day). The chart feature is fine for short term traders but for long term charts you need to switch back to other sources.

As I do for most brokers,I deposited $500 and traded for a month to check platform,price feed,features, bonus and withdrawal speed. Our review is based on the test done over a month and scanning for complaints about the broker across multiple reputed sites. You are free to add your feedback in comment section.

In this IQ Option Review,we ll explore this broker in details.

Platform Overview

IQOption does not use off-the-shelf platform provided by 3rd part companies but it has  its own custom build and tailor-made platform. I found the platform quite intuitive and liked the technical analysis tools offered in-built within the platform. I tried their Android app for live trading and found it to be quite smooth in my galaxy S5. They do have App store app too but I have not tried that. If you are a demo trader,you can practice strategies from mobile platform when you are travelling or have spare time. I found latency of the real account platform comparable to leading providers like 24Option and Stockpair.

Minimum Trade and Deposit

This is almost the best feature about IQ Option. Apart from completely free demo account,you can start trading in real account for as low as $10.

IQ Option Demo

You can open a free demo account without making any deposit. Just fill use the link at the end of the page.

IQ Option Bonus

IQOption Bonus

IQ Option bonuses vary depending on the amount you have deposit. Generally,they offer 20% bonus for deposit amount of 100 dollars and 100% bonus for $5000 deposit.

Currently,under special promotion they are offering 100% bonus for any deposit above or equal to $100

To obtain the special bonus from IQ Option in addition to regular mentioned above, simply follow the further steps:
– Open a free account using this special bonus link.
– Make the min deposit or amount you want to trade.Your bonus code will be automatically filled with existing best bonus offer(100%  for all deposits Now).
OR

You can use this Special Manual Bonus Code link.

Use this code while making final deposit: BonusFeb100mail

Note that it will  ONLY work properly when you signup from the special promotion link above.

– Our bonus offer will be credited to your account in 24 working hours.

Customer service department may check if you signed up from from our site in order to be eligible for this promotion.

Open Account with Best Bonus Offer 

 How to withdraw the Bonus

To prevent abuse  of bonus offer, you can not withdraw the bonus outright after deposit.You have to meet the 25X of the bonus amount to be eligible for withdrawing the bonus.For example, to withdraw a $1000 bonus that was offered to you , you must  have traded 25 times the amount of  $1000  ie total of $25000 from the volume of the transactions (regardless of the number, the selected products, and the size of the traded positions).

You can always withdraw the deposit amount (after adjusting for gain/loss) at any time even if you accept bonus without meeting wager condition but you have to forfeit the bonus.

Note that you can refuse the bonus simply by not requesting for the same. In case your account manager gives you,you can ask him to deduct via email or chat.

 

Protection Against Fraud 

As a fully EU regulated broker (CySEC-247/14), all traders are insured up to €20,000 by  Cypriot investor compensation fund in case IQ Option goes insolvent. As per mandatory regulatory requirements, all clients funds are segregated in a third party financial institution (Clearing company). This provides the much needed protection against getting scammed by brokers. The withdrawal procedure is similar to other brokers. Traders are required to provide identifications to confirm the identity before first withdrawal. Credit card withdrawal processing takes 24-48 hours and bank wires are processed within 5 business days.

IQ Option withdrawal

In my personal case of withdrawal,it took around 72 hours to withdraw my money. My account was already verified so,I did not have to go through the verification process. Relationship manager called after 3 days of withdrawal asking for the reason but he was not too pushy and was quite professional. To be honest,I was bit surprised here.

Note that,the money must be withdrawn to the same source they originated in order to prevent money laundering. If you make profits and withdrawal amount is higher than initial deposit,then you can opt for other methods of withdrawal.Also, before you are able to withdraw, you have to provide identification documents, which is  required by  international anti-money-laundering rules. So,do not be surprised when they asked for Identification documents.

IQ Option Special Features,supported languages highlights 

  • Advanced charting- In house Platform.
  • Pro Master-Technical Analysis  with Indicators.
  • Short-Term Trading for 60 seconds, 90 seconds,120 seconds and upto 60  minutes.
  • Asset list of 180 forex, stocks,commodities, and indices.
  • Special features : One Touch and Speed Trading, Rollover and Buy Me Out, .
  • Available in all countries excluding United States and Cyprus.
  • Supported Languages: English, Russian,Spanish, French, German, Italian.

 

Payout Ratios

IQ Option pays out up to 75-94% for normal  High/low trading. Payout touches above 90% when both US and Europe market is open and low when there is very little news flow.

IQ Option Final Words

We deposited $500 and traded with them for a month to test their platform as we do with all brokers. I requested for withdrawal on a Monday and got the money back credited on Wednesday. My account was fully verified and they already had all necessary document with them. I will advise you to get your account verified before trading. They have very few negative reports but they are relatively few compared to others. I found one angry customers in complaints forum but his report did not go into any details.Personally,I did not face any issue with withdrawal even though I had made decent profit in a matter of month.

I have to say,it has most  of the green signals for the requirements of a good broker . I like their free demo and advanced charting feature the most. One of the few brokers which treat binary options as trading rather than betting. I hope they implement long term expiry options soon. I would definitely recommend to  check their free demo and start real account only if you like them.

BOTR Assurance

If you sign up with any of our recommended regulated brokers from links in our website,you can become part of BOTR community,which resolves any disputes of non payment or any other issue with brokers. It is basically power of the group negotiation. If by any chance,any broker does not let you withdraw you money despite meeting all normal criteria,we can negotiate on behalf of you. Though,there is very less chance of such cases with top 5 brokers, the community is also helpful for education,trading alerts and signals. This offer is applicable only for regulated brokers listed on our websites.

Open Account with Confidence 

 

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