iQ Option

IQ Option is an award-winning online trading platform. It was first launched in 2014 and has since then expanded greatly. The European version of the website is owned and operated by IQ Option Ltd. Since its beginning, the platform has earned multiple accolades such as the Century International Quality Gold Award by Business Initiative Directions Group or Best Technology Application by The Web Marketing Association. IQ Option is an excellent platform to engage in all kinds of trades and here we present you with all aspects of the experience.

Binary options are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. NOTE: THIS MATERIAL IS NOT AN INVESTMENT ADVICE.

Regulation

The company operates under the license of Cyprus Securities and Exchange Commission. This government institution is responsible for the regulation of financial firms, brokers and brokerage firms based in the jurisdiction of Cyprus. Companies licensed under the terms of the CySEC have permission to operate in any of the states part of the European Economic Area.

Trading Instruments

IQ Option offers users a variety of different trading instruments. Using these you may trade in many different assets. The available instruments are listed below in detail.

ETF

Exchange traded funds are some of the most traded assets in the world, with $20 trillion being traded in shares in the United States alone. ETFs are like a bundle, consisting of stocks, bonds, commodities, etc. They can be openly traded just like stocks and are very appealing to traders worldwide. No ETF is like another since each one holds different assets, but what all of them have in common is that they are generally very lucrative investments.

CFD Stocks

Users seeking to trade stocks on a contract for difference basis have certainly come to the right place. CDFs are basically an arrangement between two parties, where the seller accepts to pay the difference between the price of the asset when the agreement was signed and its current price. This type of contract can be beneficial to either party depending on the circumstances. If the difference is positive the buyer makes a profit, but if it is negative the seller earns money from the buyer. At IQ Option you can trade over 7,000 different companies, some of which are very successful businesses listed on NASDAQ and NYSE.

Forex

Currently, Forex is the largest liquid market out there with trillions of dollars being traded on a daily basis. It has been a dominant force in the online trading scene for some time now and it is only becoming more popular. Forex primarily deals with the trading of foreign currencies. The market as a whole is decentralised and is the largest market in the world followed by the Bond market. At IQ Option you can engage in Forex trading with a relatively small initial investment and there is a good number of currency pairs that you can deal in.

Binary Options

Of course, a platform named IQ Option would offer Binary Options. Here you can speculate if the price of stocks, currency pairs, commodities and indexes will rise or fall. This instrument allows for some very high payouts and the number of available assets is simply staggering.

Cryptocurrencies

At IQ Option you will be able to speculate on the price of several of the most popular cryptocurrencies on the market currently. Cryptocurrencies have become a major trading object on the Internet in recent years. Unlike traditional fiat currencies, cryptocurrencies only exist on the web. Most of them are completely decentralised and as such are not subject to any government or institutional regulation. Bitcoin was the first one to surface in 2009 and since then many different ones have risen to prominence. Some of them can be used in place of real money and can be traded on online exchanges for fiat currency or other cryptos.

Trading Platforms

IQ Options trading platform can be accessed by numerous different devices. For desktop and laptop traders, there is always the possibility of using the in-browser interface. There you can access all of the trading instruments and see the assets. Alternatively, PC users can download the dedicated software, which is available for Windows 7, 8, 8.1, 10, macOS and Ubuntu 14.04. The program is extremely light and runs will run perfectly on just about any PC. Much like the in-browser version, on the desktop one, you will have access to all instruments and trading assets so that you may make your trades comfortably and without issue.

Mobile users can also benefit from a full-fledged mobile application perfectly suited to satisfy all of your trading needs. You can download it on any device running iOS8.0 and Android 4.0.4 from the Apple Store and Google Play, respectively. The mobile variant is just as capable as the desktop version. You will be able to make trades on the go, as well as contact customer support and manage your finances. The app runs fluidly without interruptions or annoying crashes.

Support

IQ Option has a very competent customer support team, consisting of more than 40 agents, standing by to assist you with any problems or issues that you may experience. There are several ways that you can reach an agent. One of the more convenient methods is via Live Chat. This can be initiated directly from the screen that you are on and you get to speak with a company representative in real time. This feature is only available to traders with Real or VIP Accounts.

Another way to get in contact with the support team is via telephone. There is a dedicated line that you can call at any time of the day. The third and final way is to open a ticket. Once you take this option you will be redirected to another screen, where you can fully describe your issue. The customer support team will reach back to you as soon as they have read your message.

IQ Option is really dedicated to providing their user base with the best service possible. This is why they have provided customer support for all traders, available 24 hours a day, 7 days per week.

Account Types

IQ Option offers its users three account types to choose from. The first is the Training or demo account. A trader can open a free account to get an idea of what the service consists of and try out the different features. Each demo account is given $10,000 to trade with and this sum can be reset at any time. No banking information is required at this point.

A Real Account can be opened after the user has completed the verification and deposited funds into their account. A holder of this type of account has full access to every type of tradable asset offered by IQ Option. Additionally, they can request withdrawals and take part in weekly tournaments. Once a user has acquired a Real Account they can also contact customer support via the Live Chat feature.

The VIP Account is reserved for special traders who get to enjoy several benefits. For starters, VIP traders will have a personal manager who will assist them in anything IQ Option related. Furthermore, VIP Account holders have on average a 3% higher profitability than standard users. Also, they are the only ones who can enter the weekly tournaments for free. In order to become a VIP trader, you will have to deposit at least $3,000.