Broker IQ Option is a trademark of Alta Vista Trading Limited, a company that is registered in Seychelles. The year of the broker’s foundation is 2013. In 2013, IQ Option was awarded an international prize in the nomination «Most Innovative Binary Option Broker». The award was presented at the ShowFx World conference in Moscow, and its receipt means that the advanced quality of services is recognized not only by traders of the platform, but also by professionals of the financial world.
User Friendly: 4.5/5
The IQ Option broker positions itself as one of the pioneers of innovation in this industry. For example, this company was the first to attract traders with a minimum deposit of 10 US dollars. Moreover, it is IQ Option that offers demo accounts without commitment. That is, the trader can register and start trading immediately in the virtual account without making a deposit. Finally, the broker was the first to raise the yield level on options to 92 percent. The broker will be of interest to those traders who do not have a large sum to start CFD trading or just want to try their hand at a small amount.
By the way, the broker’s trading platform allows trading on weekends. As is known, it is during the weekend in the market very weak volatility. The price fluctuates slightly, and this allows you to earn quite well. On the other hand, weekend trading carries certain risks.
It is also possible to trade on mobile platforms using apps for Apple and for Android.
Trading Platform: 4/5
The IQ Option trading platform allows traders to track all their current transactions, as well as get full information about deals already closed. For ease of study of the financial market, analysis of current financial events and trends, the site presents convenient and understandable sections for teaching theory and strategies, fresh financial news and practical advice on typical trade and psychological errors.
The entrance to the platform is already available after registration. But the trader can try his hand even before making a deposit. For this purpose, the broker invites everyone to open a demo account, where you can not only get acquainted with the platform, but also refine your skill.
The platform itself, like most competitors, is understandable and intuitive. You can learn to work with her in just a few minutes. The platform allows to select the basic asset, the time of expropriation, the volume of investments, the type of option and, in fact, to conclude a transaction.
As for the kind of graph that is presented on the IQ Option platform, it is only linear. No advanced analysis opportunities are offered by the broker. But, overall, for aspiring traders who want to try their hand at trading in financial markets and are willing to invest just 10$ on a deposit, that’s quite enough. On the other hand, working with linear graphics allows better recognition of graphic models. Many traders use them to trade options. Also, the line is simpler than the same candles.
Training Of Traders: 4.5/5
The process of training at the broker consists of a series of video materials that include the main aspects of the trade. In particular, the broker introduces customers to what forex are, what types of contracts are, how to predict price fluctuations, and also gives the basis of trading psychology.
The broker also offers to familiarize himself with trade strategies. Among them are both short-term and long-term. All strategies are very accessible and clearly lit and shown.
Every week IQ Option holds webinars that deal with all topics that may prove to be the most fundamental for each trader. Visiting such webinars and meetings provides the trader with the necessary professional growth and ultimately leads him to success.
Tournaments is a great idea, which is also very well executed. It is that anyone who wanted to take part starts with the same amount on a separate tournament account. After that, after the allotted time, winners who earned the largest amount of money are identified. They receive prize rewards.
What is most pleasant – most tournaments are free – in them it is possible to take part even to those who didn t make a deposit yet and, thus, to earn to itself on a real account.
Assets & Expiry Times: 4.5/5
IQ Option has more than 70 basic assets in its arsenal, including currency pairs, indices, shares of companies, precious metals and even the crypto Bitcoin. As we can see, the choice is quite extensive and can satisfy the tastes of most traders.
There are not as many assets to trade as other brokers have, but there is a lot to choose from. The same can be said about the timing of the option expiry. There are short term (IQ Option they are called Turbo options) 1, 2 and 3 minutes. And there are long-term options – 15 minutes, half an hour, the end of the hour and day.
Customer Service: 4.5/5
Technical support IQ Option works very quickly and qualitatively, it is available 24/7 via chat on the broker’s website, phone, or e-mail. This is one of those supports that really seeks to solve the customer’s problem in no time. The trader can be sure he won’t be left alone with his problems.
Deposits & Withdrawals: 5/5
IQ Option offers credit cards, Yandex.Money, QIWI, WebMoney as ways to replenish and withdraw funds. Replenishment takes place almost instantly, withdrawal – from a few minutes to 2-3 days. Withdrawal and replenishment takes place without a bitch without unnecessary hassle and working with them leaves a pleasant impression.