IQ Option Review
Overview
- Deposit options: Visa, Mastercard, Bank Transfer, Electronic Wallet (Skrill...)
- The spreads: May vary regarding your place of residence
- Free demo accounts: Available - $10000 offered
- Minimum deposit: 10 USD/GBP/EUR
IQ Options is a trading platform operated by IQ Options limited and has its headquarters in Cyprus. It has been in operation since its inception in 2013 and continues to grow by the day if you are to judge by its clientele base which it puts at over 25 million.
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Is IQ Options A Trustable Broker?
IQ Options is a legitimate broker with all the proper documentation in licenses as proof. The licenses come from the relevant financial regulatory bodies after IQ Options complied with all the terms and conditions set by these bodies. Find out more about the IQ Option bonus code on our dedicated page.
Regulations And Trustworthiness Of IQ Options
IQ Options is a trustable broker with updated licenses from the relevant financial regulatory authorities. The licenses govern the operations of IQ Options and ensure that the broker works according to the set regulations with clients goodwill as the top priority.
The following are some of the licenses that IQ Options has under its possession.
- A license from the Cyprus Securities and Exchange Commission (CySEC) that allows IQ Options to operate in Cyprus.
- It is compliant to the rules of markets in financial instruments directive (MiFID) allowing it to operate in Europe.
- IQ Options limited, IQ Options sister company based in Seychelles is authorized to operate by the Seychelles financial services authority (FSA).
Security Of Funds
The above regulatory bodies put an emphasis on the security of funds that you entrust to the trading platforms. As such, IQ Options in complying with these regulations has implemented some measures that safeguard your funds.
The measures it has come up with for the safety of your funds are as seen below.
- Requires you to verify your account details regularly using your id to curb fraud.
- Segregation of client accounts from the company’s accounts.
- Use of credible banks’ services to keep your funds.
- It is a member of a compensatory scheme that steps in to compensate clients in case of insolvency.
Registration And Promo Codes
To start trading on IQ Options’ platform, you need to sign up and register for an account. The registration process is very simple and you need to provide credentials such as your full name and email address and you are good to go.
On signing up for an account, you have three account types that you can pick from. The accounts are the demo account, the standard, and the VIP account.
The demo account is a good pick if you are a new trader seeking to grasp the trading concept. It is a training tool that has virtual funds in a simulated trading environment. Apart from being a training tool, you can also use the demo account to test out new trading strategies.
The standard account is suitable for you if you are quite experienced in trading and requires a minimum initial deposit of $10 to get it working. The VIP account, on the other hand, is suitable for traders interested in large volume trading with a minimum initial deposit of $1900 with a trading volume hitting the $15000 mark.
Available Promotions
At IQ Options, you have a guarantee of a boosted experience owing to the occasional promotions that the platform features. The promotions give you chances at rewards and bonuses if you meet certain requirements.
At the moment, IQ Options has regular tournaments on its platform for a chance to win big. The following are some of the tournaments.
- The salary in a day tournament with a $4 entry fee for a prize pool of $3000.
- The desire to win tournament having a $5 entry fee for a $20000 prize pool.
- The legendary win tournament featuring a $50000 prize pool and an entry fee of $20.
Additional Features
The following are some of the additional features that you may come across on IQ Options’ platform.
- The Affiliate Program
The affiliate program is one feature that you can sign up for if you want additional income from IQ Options. Once signed up for the affiliate program, you need to get referrals who sign up and begin to trade with IQ Options. For every successful referral, you have an entitlement to an agreed upon commission.
- CPA Program
The CPA program requires you to take IQ Options’ link and put it on any web medium at your disposal. Once a potential client clicks on the link and makes the first deposit, you have a guarantee of a payout starting from $35 to $1200.
- IQ Options Blog
There is also a blog on the platform that lets you in on the happenings on the financial markets as well as letting you know of what is trending in the trading sector.
IQ Options On Mobile
There are many people who are using mobile phones and in a bid to tap from this potential client base, IQ Options has a mobile platform. The mobile trading platform is compatible with both ios and android operating system supported devices.
Trading Platforms
IQ Options has other trading platforms for your pc that is compatible with mac and windows operating systems. There is also a web trading platform that you access through your browser. Among the features of the pc platforms are as follows.
- Features 16 instruments of technical analysis.
- Can support up to 9 charts on the screen.
- Compatible with a host of operating systems.
- 24/7 trading.
- Access to many tutorial videos.
- Lightweight applications that do not consume much of your device’s internal storage.
The Company
IQ Options, since its inception in 2013 has been on a hardworking spree which has seen it carve a niche for itself in the trading sector. Its flexible trading conditions have made it one of the most sorted stretching its client numbers to over 20 million clients.
It also has invested in a professional workforce that works with dedication round the clock to ensure the satisfaction of the clients. Its hard work and resilience have seen it garner various accolades over the years with the sky being the limit in its future endeavors.
Frequently Asked Questions
Question: What is the minimum initial deposit?
Answer: The minimum initial deposit is $10 for the standard account.
Question: Is there a demo account at IQ Options?
Answer: Yes, IQ Options has the demo account apart from the VIP and standard accounts.
Conclusion
In conclusion, IQ Options is one of the best trading platforms that you can sign up with. The platform is very easy to use and has features such as the affiliate program that you can benefit from. Additionally, you are sure of the safety of your funds courtesy of its regulations by relevant regulatory authorities. The downside, however, is that it is not available in some countries such as the USA, Canada, Russia, and Australia among other countries.