IQ OPTION Quick reference
A detailed study of all the features of working with a particular broker, its history, reviews about it, trading conditions and other important data is an important step in choosing a company for further cooperation. The main character of this review is IQ Option broker, which deserves special attention.
IQ Option summary
The site iqoption.com.hk is designed for Hong Kong, it is available only in the English version, therefore, in all screenshots, the translation is automatically performed by Yandex Browser, which may affect the readability of the text.
Contacts. There is no corresponding section on the site. There are no methods of communication (phone number, physical registration address, email, online chat).
Licensing documentation. The broker does not provide information on the availability of licenses and certificates. There is also no client agreement.
Awards. The main page of the site has data on three awards that IQ Option has received. In the translation version described above, they look like this:
- Excellence Award, 2017 (Academy of Interactive and Visual Arts);
- «Century International Quality Gold ERA Award» (Business Direction Group);
- «Best Trading Platform», 2014.
The original name of the awards is provided in the screenshot below.
Information about the management, the creators of the project, the team of developers. There are no current data on the website.
IQ Option personal account. Available when opening a real or demo account.
Company description. The broker calls itself an excellent binary options dealer, which presented to the world its most modern and convenient commercial platform, developed by leading analysts and IT experts.
The services of this platform in Hong Kong are ideal for traders of various qualifications in binary options. Here are the classic binary options and turbo options, which are quite well known in recent times. IQ Option has recently provided modern commercial tools:
- digital options;
- Cryptocurrency CFDs;
- CFDs on currency pairs.
The company claims to make it easy to find financial instruments that match a client's trading style. Regardless of which market the user focuses on, using the IQ Option personal account, you can trade on the Forex market, work with cryptocurrencies or stocks. According to the broker, buying and selling financial instruments has become easier than ever.
IQ Option provides an opportunity to trade in binary options not only during regular hours, but also on weekends. Shares of fifty different companies, such as Barclays, Apple, Gazprom, Daimler, Google, Orange and so on, are now available to customers. IQ Option allows traders to expand their financial portfolio by buying and selling currencies, cryptocurrencies and stocks.
The broker warns: the financial services provided by this site carry a high level of risk and can lead to the loss of all your funds. You should never invest money that you cannot afford to lose.
Trading terms, account replenishment and withdrawal of funds with IQ Option
The minimum deposit is $10. Regarding the minimum trade size, the broker states that thanks to the modern trading platform, IQ Option transactions start from as little as £1, which is an easy and attractive way for beginner traders to experience real online trading. To replenish the account and withdraw money, VISA / MasterCard, WeChat Pay, Advcash bank cards are used.
In addition, novice traders can use a free demo account. The deposit will be $10,000.
The demo account is especially important for beginners, but it will also be useful for experienced players. It provides the following features:
- get acquainted with the functionality and interface of the trading platform;
- test one or more trading strategies;
- gain experience, consolidate theoretical knowledge with practice.
All this is available when working with a real deposit, but a demo account does not carry any risks - it does not require any investment.
The IQ Option company mentions its advantages:
- multifunctional platform;
- the latest investment and trading opportunities;
- providing users with qualified assistance.
Traders are encouraged to use the multi-chart model to analyze data and make important trading decisions. Everything a client needs to trade on Forex market, trading in cryptocurrencies and stocks is provided by one platform on the device of their choice.
According to the broker, there are thousands of investment opportunities for Forex, cryptocurrencies, options, and other trading instruments. Using the latest market updates, stock screenings, volatility alerts, newsletters and calendars, a trader can trade with confidence, with minimal risk.
As for providing qualified assistance to users, IQ Option promises to help clients in any way possible - from providing analytical and other data (see above) to professional support work on technical issues (for example, the functionality of the trading platform).
The IQ Option platform is constantly being improved, always using feedback from our traders. The broker says that they work to ensure that the trading terminal is fast, accurate and easy to use.
Features of forex trading, cryptocurrencies: advantages
According to the broker, Forex trading with IQ Option allows clients to enjoy competitive spreads. In addition, the company briefly describes the proposed trade as follows. The Forex Market Hours is a schedule of trading sessions in British Summer Time. The Forex market is open 24 hours a day from Monday to Friday. The following is a brief description (perhaps for beginners) of what you can profit from. As an example, the broker gives the most popular currency pair - EUR/USD.
When the euro rises and the dollar falls, a trader can buy the pair and sell it later at a higher price and thus make a profit. If the opposite is true (the US dollar is strengthening against the euro), it may be wise to consider selling the currency pair. However, a sharp change in the direction of the trend can negatively affect the profitability of the transaction.
For novice traders, IQ Option provides educational videos that can be found on the company's website.
As for the innovation - cryptocurrency trading - the broker describes in detail all the advantages of this option. Here is a list of them.
- Fast deposits and withdrawals. Access to IQ Option is possible through the application for PC, IOS, Android devices.
- Reliability and high level of liquidity. According to IQ Option, users are offered a cryptocurrency trading platform, as well as the services of a licensed, regulated broker for CFD transactions. The declared monthly trading volume is $11 billion.
- 24/7 customer service. We are talking about 24-hour support for traders 365 days a year. Users are promised help with any questions.
- Margin trading. At the service of traders - a leverage of 1:5 when trading bitcoins, 1:25 - for CFD transactions.
- Short selling is an opportunity to make a profit even in falling markets.
When talking about cryptocurrency trading, the broker praises this trading solution. According to IQ Option, cryptocurrencies are gaining popularity in the current economic situation in the world - due to the financial crisis, trade wars, and an unstable political situation. People from all over the world rely more and more on digital currencies. These assets offer three ways to make a profit: hodling, mining and trading.
Cryptocurrency trading is considered to be one of the most efficient ways to generate income as professional speculation can bring in up to 900% of your initial investment.
Regarding bitcoin specifically, the following arguments are given in favor of trading this digital currency:
- High volatility. This characteristic is often understood as a negative feature, but in relation to speculation, high volatility is mostly a positive factor.
- High popularity. Compared to other digital currencies, Bitcoin is the oldest and therefore the most reliable. Bitcoins can be both bought and sold on all crypto exchanges and trading platforms.
- Reliability. Bitcoin is common in most countries, some governments even allow the use of this digital currency to purchase certain goods and services.
Whether a trader predicts a rise or fall in the price of a currency, using the latest IQ Option software will help him/her to make the best decisions. Clients can trade on the markets as profitably as possible using leverage.
Feedbacks about IQ Option
On this page, users can study reviews of IQ Option, as well as share their opinion about this company by selecting the appropriate rating from 1 to 5. Thanks to the reviews of real clients, you can draw your own conclusions about the reliability of brokers in order to get rid of the risk of running into a scammer.