Recently established, IQ Option is a Cyrpus based binary broker that is owned by a holding company called Invest lab Trading Limited. The company operates through a management company called Info field Premier Limited and specializes in offering binary trading services to Russian clients with a “no frills” approach. With their proprietary binary trading platform, clients of IQ Option can earn up to as high as 93% return on their investments within a matter of minutes. Apart from the high returns offered, traders also have a chance to win attractive prizes ranging from $250 to $500 in trading competitions organized by IQ Option.
The trading platform adopted by IQ Option is proprietary and differs significantly from most generic platforms used by many of the leading binary brokers out there on the internet. For starters, asset selection is done by means of a tab system positioned on top of the price chart. More assets can be seen on the drop-down list on the right side of the tabs.
At the furthest end on the right side of the trading platform, traders will find the action buttons for the kind of options (Call/Put) that they want to purchase. Here, they can also decide the amount that they want to invest in. While most binary trading platforms uses a slider bar to help traders select the amount that they want to invest, at IQ Option, the investment amounts are already predefined. Traders can choose from fixed predefined amounts such as $10, $20, $50, and $80. Nevertheless, traders can still arbitrarily decide the amount that they want to invest just by keying in an alternative amount into the amount box.
On the left side of the trading platform, traders will find all the navigation choices located here. Here, traders can access the type of trades that they want to make as well as their personal cabinet section. The personal section showcases information such as banking transactions as well as trading history. The customer support option is also located here in the personal cabinet section.
Mobile trading with IQ Option binary trading platform is also supported through the provisions of android and iOS based mobile trading app.
A key feature about IQ Option’s trading platform is the ability for traders to make several trades on the same chart. This is useful especially when traders want to employ trading strategies such as the “Fence” trading strategy since they can easily view their purchases against the highs and lows of underlying asset.
At present, traders have only the ability to trade with classic High/Low binaries. However, they can decide if they want to trade normally or faster with the Turbo trade feature.
Choices of trading accounts at IQ Option are rather limited. Currently traders only have two types of trading account to choose from, normal and VIP account. The amount of bonuses which a trader will get varies according to the amount deposited. Although the minimum deposit requirement is just $10, to qualify for a 20% bonus, traders need to make a minimum deposit of $100.
The payouts offered by IQ Option are one of the highest in the binary trading industry. In the right condition, traders have a chance to earn as much as 93% on their investments.
Although the type of trading contracts offered is limited to classic High/Low binary options, the range of assets which they can trade is quite extensive numbering around 76 different type of assets.
Even though IQ Option is specially targeted at Russian clients, their website is also available in 4 other major languages such as English, Indonesian, Spanish, and Portuguese. To contact the support team, traders can do so through email, Live Chat, Skype or through the Web form provided on the website.
In terms of operational reliability, we found IQ Option trading platform to be working smoothly without any major shortcomings. Trades are executed within microseconds and without errors. As for operational reliability, since IQ Option is a new broker, it is understandable that they lack any history in this respect. As far as we can tell, there has been no negative feedback on the internet about the quality of their services.
- Attractive Prizes Offered In Trading Competitions
- Deposit Bonuses Ranging From 20% To 90%
- Extensive List Of Underlying Assets To Trade With
- Intuitive Proprietary Trading Platform
- Low Minimum Deposit Requirement
- Very High Returns Offered
- Deposit Free Demo Account Provided
- Limited Choices Of Trading Contracts
- New Broker With No Track Record
- Only Limited Number of Trading Tools
With their low minimum deposit and trade requirements, IQ Option is ideally suited for small account holders. The deposit free and unlimited demo account provides new traders with opportunities to try out the trading platform without having to risk any money. The main complaint that we have about IQ Option is their rather limited choices of trading contracts offered. Hopefully, this will be rectified in the near future. Nevertheless, traders looking for a new type f trading platform to experiment with should seriously consider giving IQ Option a trail.