IQ Option, founded in 2013, operates in Europe under the holding company Invest lab Trading Limited and despite being relatively new on the binary option scene, it has already made its mark in the industry. Headquartered in London, UK, IQ Option has headquarters in Cyprus and Russia but has several international phone numbers so that traders can call locally to contact the company if desired. IQ Option offers traders low minimum deposits and high payouts as well as opportunities to win attractive prizes ranging from $250 to $500 in trading competitions organized by IQ Option.
The IQ Option website is straightforward and easy to navigate. It is available in English, Spanish, Indonesian, Italian, Portuguese, Turkish and Russian and goes out of its way to meet the needs of traders in the global community who are able to trade in their own language.
There are 2 main accounts plus a demo account at IQ Option. The Real account starts with a minimum deposit of only $10 and $1 is sufficient to cover a trade. IQ Option guarantees up to 45% return for incorrect predictions and offers a bonus of up to 80% on the each deposit. The VIP account has a minimum deposit of $1000 and returns up to 60% if a trade goes in the wrong direction. All deposits receive a bonus of up 100%. Holders of the VIP account also receive a personal financial manager and a monthly analysis of their trading with the broker’s analysts. When doing this IQ Option review, a bonus of up to $1000 was being offered.
IQ Option offers a large choice of assets including Forex, equities, gold, and indices. The withdrawal process is guaranteed to be completed within 1-3 days.
Unlike many other binary options brokers, IQ Option offers novice traders the opportunity to open a demo account from which they can practice their trades without using real money and avoid the risks involved in real trading. There are over 30 assets to choose from in the demo account and anyone opening a demo receives a free introductory webinar with important trading information and tips on how to trade profitably.
The payouts offered by IQ Option are one of the highest in the binary trading industry and traders can earn as much as 92% on their investments given the right conditions. There are no spreads or commissions which is unique in the industry.
The deposit and withdrawal procedures are relatively straightforward, easy and fast and can be made through various methods including bank wires, credit cards, Skrill, WebMoney, Polipayments and other online payment plans.
When it comes to education, IQ Option offers a series of very interesting opportunities where registered account holders can participate in courses which include different trading strategies such as Japanese Candlesticks, Bollinger Bands, Trend Lines, Support and Resistance, Moving Averages and more. I was introduced to a very interesting new strategy—the Alligator—which gives market direction and periods of no trend and whose main goal is to determine the trend direction and its strength.
There are tournaments for traders to choose from to make extra money. When I did this IQ Option review, all the listed tournaments had expired but $40,000 in cash was offered for random deposit amounts. For example, a deposit of $2000 and over was eligible for a cash prize of $10,000.
IQ Option is the recipient of several awards including Most Reliable Binary Option Broker 2014 by MasterForex-V and the Most Innovative Binary Option Broker 2014 by Show FX World.
IQ Option is under CySEC regulation and is currently one of very few binary options brokers to hold such a license. This license should make traders feel more secure when depositing with IQ Option as the company adheres to strict standards of honesty and reliability.
U.S. and Japanese clients cannot open accounts with IQOption.com.
Customers can find answers to most of their questions in the detailed FAQs section of the website and if they don’t find their answers, they can contact the broker’s customer service department directly either via live chat from the website, by sending an email on their website form or by phone with local numbers available for customers in London, Canberra and Singapore.
IQ Option offers everything a trader needs for profitable binary options trading. The low minimum deposit is a great advantage as is the availability of a demo account which is both extremely rare and extremely welcome. The IQ Option website is clear and user-friendly. The deposit bonuses are some of the highest among binary option brokers, and the trading platform has reliable pricing and solid execution.