Today, we will be covering another trading platform – known as IQ Option. And by the end of this review – you will fully understand the premise of their site – as we show you the variety of investing opportunities and advantages that they have to offer you, and necessary information that you must know before you invest with IQ Option
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IQ Option Review
IQ Option is a trading platform that helps you start your journey as a trader. They offer four instruments: Binary Options, Digital Options, Forex, and Crypto.
You can start practicing on a demo account, and then continue trading with real funds. Their graphical tools and convenient technical analysis indicators help you make trading decisions.
To switch between accounts, click your balance in the upper-right corner. Make sure you are in the trade room. The panel that opens shows all your accounts: Your real account, your practice account, and accounts for any tournaments that you have registered in or are participating in. Click an account to make it active so you can use it for trading.
Although, IQ Option recommends watching their training videos first, so you can make more informed transactions – as beginning traders can try out their skills and practice on the practice account.
Advantages Of IQ Option
IQ Option was voted the best binary options broker in 2015 – and it is since then that more and more traders have begun to use and trust their brokerage.
Millions of people join and trade on their platform everyday – and these are some of the benefits that you will receive if you join IQ Options:
- Unlimited $10000 practice account
- The Best video tutorials in the industry
- Availability on any device
- A wide range of analysis tools
- More than 70 assets for trading
- A simple and reliable funds withdrawal system
IQ Option Deposits
You are welcome to deposit using a debit or credit card (Visa, MasterCard or Maestro) or an e-wallet like Skrill, Neteller, or Webmoney.
The minimum deposit is 10 USD/GBP/EUR.
If your bank account is in a different currency, it’s ok — funds will be converted automatically.
Many of their traders prefer using e-wallets instead of bank cards because it’s faster for withdrawals.
And good news for all of you – they don’t charge any fees when you make a deposit or withdraw funds.
When you make a deposit, the funds show up on your trading balance instantly.
However, you can only set the currency once, when you make the first deposit attempt.
You will not be able to change the currency of your real trading account, so please make sure you choose the correct one before you click “Proceed to payment”.
You are welcome to make a deposit with Bitcoin. Please note that it is just another type of payment method, and Bitcoin will be converted into the currency of your real account.
To make a deposit in Bitcoin:
1) Go to the deposit page
2) Enter the amount and choose “Bitcoin” as the payment method.
Then you’ll be automatically redirected to cubits.com, where you’ll see an invoice (address) generated for you. Copy that address and use it to send Bitcoin from your wallet.
Important: You only have 15 minutes to complete the deposit, or processing won’t be completed correctly and it won’t be credited to your IQ Option account. In this case, check your email. They will send you a link to return your Bitcoin to your wallet, so you can try again.
Please note that with any transaction on the network (blockchain), a commission is taken. At Cubits, the minimum commission for a transaction to be processed as “not spam” is 0.001 BTC. The commission is fixed and does not depend on the amount of the deposit.
You can use any debit or credit card for deposits and withdrawals at IQ Option if it is a Visa, MasterCard, or Maestro card (except for Electron). The card must be valid and registered in your name, and support international online transactions.
The option of deposit via PayPal is not yet available to clients, but their developers are working to provide this option soon.
IQ Option Withdrawals
Your withdrawal method will depend on the deposit method.
If you make a deposit from a card, you will be able to withdraw your initial deposit amount back to the card, because it is processed as a refund.
To be precise, you will be able to withdraw the total amount of your deposits over the last 90 days to your card. Everything that exceeds this amount (your profit) must be withdrawn to an e-wallet (Skrill, Neteller, WebMoney) or via bank transfer (with a $53 fee).
If you use an e-wallet to deposit, you will only be able to withdraw to the same e-wallet account. In order to withdraw funds, make a withdrawal request on the withdrawal page.
Withdrawal requests are processed by IQ Option within 3 business days. If you withdraw to a bank card, it will take another 1-9 business days for the bank to process this transaction.
The minimum withdrawal amount is $2 – while the maximum withdrawal amount is $1,000,000.
You can withdraw up to $1,000,000 per day. The number of withdrawal requests is unlimited. The withdrawal request must not exceed the amount available on your account.
However, before any funds can be distributed to you, you will have to verify your account and identity by providing them with supplemental materials – as this is just a security measure that IQ Option takes to prevent any fraudulent or foul play when using their platform.
The IQ Option Trading Platform
Start Trading Stocks, Binary Options, Futures, Forex, and cryptocurriencies today!
- 1$ Minimum Investment
- 1 min Quick Deals
- Up to 91% Profit
- The minimum investment per trade is $1 and the maximum is $20,000
- The maximum amount on some assets may vary according to the market conditions
With a sleek and intuitive interface, IQ Option makes trading derivatives and stocks easier than ever before.
All you have to do is….
1. Determine the market direction for the nearest future, is it going to go Higher or Lower?
2. Check the accuracy of your forecast and see your results in seconds.
If you are ever confused or do not know where to start, take a look at their vast trading library, that is chocked full of helpful tips and tricks by professional analysts who have had years of experience and expertise under their belt.
Need to have a second opinion before executing a trade? Their are online chat rooms that you can join – as real traders just like you – discuss current price and market trends.
If you don’t want to take the plunge just yet but would like to test the waters – then you can easily switch to your practice account and trade paper money to backtest and hone your trading strategies. You will also get free access to trading tutorials on the site and their support team will be able to answer any of your questions or concerns 24/7.
IQ Options Fees & Commissions
IQ Option does not charge any fees for depositing or withdrawing money, so feel free to make as many requests as you wish.
They only charge a commission when you open a cryptocurrency position (10% of the investment) and when you withdraw Bitcoin from the platform (0.05% +0.001 BTC).
When you make a wire transfer transaction, the processing bank takes a commission. The amount is 53 USD.
There is also an inactivity fee. As per their Terms and Conditions, if no operations are performed on the company’s trading platform by the client for 90 calendar days in a row (hereinafter referred to as “Inactive Account”), the company shall be entitled to apply a service fee for the inactive account in the amount of 50 euros to the unused balance of the client’s account. The annual fee will not be more than the total balance of the client’s account.
To put it simply, if you have $20 on your balance, this is the maximum amount that will be deducted.
Overall, IQ Option is a great platform for those who want to be able to trade various equities and derivatives for extremely low commissions.
However, I must say that IQ Option services are currently not available to US residents. If you would like to find out if the country that you live in qualifies for this trading exchange, feel free to visit their website here.
They have low spreads and fees, excellent trading resources, a sleek interface that is easy to use, a free demo account to test your skills, risk management techniques at your disposal, available 24/7 365 days per year, and guaranteed protection of funds and trades in your account.
IQ Option is definitely worth checking into if you want to give their service a try.
If you are interested and would like to learn more about this platform, click here to sign up.