Is IQ Option a Scam Binary Options Broker or Not? Read 100% Detailed & Honest IQ Option Review. How to Get FREE Demo & Start with Only $10 – See Below!
This time the target of our expert team is the trading platform IQ Option. We checked, whether its activity is licensed, the procedures of depositing and withdrawal of funds, testimonials and feedback. The results are given in more detail below.
Is IQ Option a Scam or Not?
IQ Option is a binary option platform that has been operating since 2013. It is a rather significant period of time, considering, that binary options trading is a relatively new kind of trading. An advantage? Definitely! Moreover, there is more evidence, that we are dealing rather with a reliable provider.
First of all, the activity of IQ Option is licensed by CySEC, it means, its activity is regulated and controlled. As the second evidence of reliability can be considered numerous awards, that IQ Option got for its excellent service. IQ Option can afford such things as being a sponsor of the most significant sport events, such as the Formula 4. That does not tell much about the reliability of the broker itself, but we can make an assumption, that a broker, that does not earn, cannot perform such activities.
That means, a trader, who has an account with IQ Option, earns too, otherwise he/she would not register with IQ Option and would not use its signals. Based on these significant facts, we can assume, that IQ Option is a reliable broker, and the signals offered by it help to trade successfully.
IQ Option Trading Platform
The IQ Option trading platform has all advantages of a well-designed service oriented to customer`s satisfaction: user friendly interface, which is so simple, that even the very beginners can navigate it a good choice of assets – traders can choose among all most common assets, such as stocks, currencies, commodities. Price quotes in real time mode, from first hands, enable traders to make based decisions and invest in opportunities to earn.
Account Types and Bonuses
IQ Option offers several kinds of accounts, so, everyone can trade. Moreover, each trader can take advantage from bonuses, and they are offered for each account. Like this, IQ Option cares about each of its trader, does not matter which sum the trader deposits into his/her account.
- The Free Demo Account – the availability of this account is definitely an advantage, as it gives an opportunity to check if the broker is the right one for you. A trader can trade with virtual money, in order to practice and to get used to the broker. Such “luxury” can be afforded only by a company that is confident in the quality of its services.
- The Real Account can be opened by any trader, as the sum of deposit equals just 10 USD. That is not the only advantage. Even if a trader makes a bad decision and loses the invested money, the company offers to return him up to 45% of the invested sum. And do not forget about the bonuses! 80% from the sum of the first deposit are returned into the account of a trader as a bonus.
- The VIP Account is an account that can be afforded not by each trader. The sum of initial deposit is much higher, that the deposit sum in case with the Real Account. Though we shall agree, that conditions are quite different, too. Take the 100% money return for each deposit. But this is just a start. The owners of VIP can enjoy the services of a private account manager, they receive every month detailed analysis of trading strategies, and some more things that do not influence the trading itself, but make the life of a VIP account owner much more comfortable.
How to Get Started?
- FREE Sign Up – it is a fast and free of charge procedure. The trader just needs to provide his/her details that will be absolutely confidential.
- Trade & Profit – now you can start trading! Even if you have only 1 dollar in your pocket, as the minimum investment sum is 1 USD.
- Withdraw – undoubtedly, you earn. Thus, you will need to withdraw your earnings. Definitely you want to do it in a fast and comfortable way.
Deposit and Withdrawal Procedures
IQ Option offers many ways of money depositing, though all those ways have a common feature – safety of your funds and information. Withdrawal time takes from 1 to 3 working days, depending on the account status. As you remember, VIP account holders can get their money within one day upon request submission. Both the minimum deposit and withdrawal sum is 10 USD. A you see, one does not need to be a millionaire to trade with IQ Option.
Customer support is one of the features that a trader notices immediately. The customer support provided by IQ Option is a high quality service and is available in a variety of languages – Russian, Spanish, Italian, Turkish, German, French and other.
IQ Option is definitely a reputable broker that offers reliable services. Though, as each company, IQ Option has some drawbacks, too.
- Demo Account is Available
- CySEC Licensed
- FREE Access to High Quality Signals
- Low Sum of Initial Deposit 10 USD
- Multiple support languages
- Does not accept US traders
- Stable & Fast Internet Connection is Required