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IQ Option Broker Review 2020

  • Min. Deposit $10
  • Min. Invest $1
  • Return 91%*

IQ Option General Information

As a broker who has been present on the market since 2012, IQ Option is operated by IQ Option Europe Ltd. 

This is certainly part of the reason why we decided to provide our readers with an IQ Option broker review.

Minimum deposit with IQ Option is $10 while the minimum deposit is only $1. Traders can use several different trading currencies like: USD; GBP, Yuan, CAD, NZD, AUD, RUB and EUR.

Further in our IQ Option broker review we will highlight key aspects concerning their trading platform, features and tools, account types as well as info concerning banking and withdrawal.

IQ Option Trading Platform

Taking a different approach when it comes to trading software used on the platform, IQ Option decided to use their own proprietary platform. Simply put – they use a software especially designed for this broker.

Our research for this IQ Option broker review has also discovered that they offer Binary and Turbo trade options.

Naturally, there is also a selection of expiry times available which range from End of the Day, 1h, 15 min, 5 min, 2 min and 60 sec.

IQ Option

IQ Option Trading Features and Services

IQ Option platform is highly developed and all traders should be able easily navigate over the site and trading room. Platform is multilingual and available on English, Italian, Russian, Spanish, Turkish, Portuguese and Indonesian.

With IQ Option, traders can place trade in numerous stocks, currencies, commodities and indices. There are more than 500 underlying assets to be exact.

One of the reasons why IQ Option is popular among binary options traders for years now is because of the wide selection of trading services and tools which can serve as great way to achieve success while trading binary options.

IQ Option Forex and CFDs Trading

Forex trading and CFD’s trading seem to be the new financial instruments now offered on IQ option. This will be exciting news for everyone who was hoping to broaden their investment portfolio without having to change brokers. Both Forex and cfd trading are possibly the most popular forms of online financial trading and it has been continuously attracting more and more people for years now. Considering that the licensing rules for brokers offering these instruments are very strict, this means that the traders security is a number one priority.

During our IQ Option broker review, we found out how IQ Option offers traders in South Africa and worldwide possibility to use demo account. Demo version of trading platform is excellent for skill improvement in trading process to be able to maximize profit. Demo enables traders to exercise to be better in the trading world and to become more experienced.

IQ Option offers traders free demo account and possibility to trade with differennt underlying assets. Demo is very valuable for traders hey get a chance to see how binary trading process looks like but there is no risk involved since in demo trading all is based on virtual money.

Our IQ Option broker review has shown that IQ Option enables traders to use mobile app.

This is a great way to continue trading binary options through mobile trading, which is possible on smartphones and tablets also.

Mobile app comes as novelty in binary industry due to technology development and fact how people are always on the move. Traders can use IQ Option trading platform on Android and Apple devices, thanks to their compatibility.

While reviewing IQ Option, we saw their Education section and were surprised how much data is available for all traders. In case of any assistance, traders can get more information under FAQ tab. 

IQoption Cryptocurrencies Trading

IQoption has many popular assets available on their underlying assets list, but the most significant ones are cryptocurrencies, that make IQoption a really unique broker. IQoption offers seven different cryptocurrencies for CFDs trading. You can easily find them on the list of underlying assets. The available cryptocurrencies on IQoption trading platform are as follows: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Dash and IOTA. Considering how cryptocurrencies are taking a prominent spot in financial markets, many traders want to experience them on modern trading platform such as IQoption platform.

Cryptocurrencies are all the rage in the trading and financial world so no wonder IQoption decided to add them to their portfolio. This way, traders all over the world have an opportunity to experience cryptocurrencies trading. Also, IQoption announced more exciting additions regarding cryptocurrencies trading very soon.

IQ Option Trading Accounts

Besides demo account, IQ Option offers traders two account types: Real Account and VIP Account. More through info you can get below in IQ Option broker review.

IQ Option Real Account

To start binary options trading process, traders have to deposit minimum amount of $10 and get a full access to all trading instruments and services. Withdrawals can take up to 1 working day. 

IQ Option VIP Account

Minimum deposit is $1000 and traders in return get a variety of useful trading instruments and features, such as full access to all information and opportunity to trade with more than 500 assets.

 Withdrawal process is quicker than in Real account and it is available in 1 business day. IQ Option traders get monthly trading analysis and are able to participate in trading competitions.

IQ Option

IQ Option Customer Support

Customer support with IQ Option is available on several different ways, through email on [email protected], telephone and web form.

They do not offer live chat communication channel, that majority of traders are used to. Because of its own software, everything is little bit different. For example, if traders who use demo account, want to contact this broker, they have to upgrade to the Real account first.

IQ Option Banking Info

IQ Option takes care of security for their traders in South Africa and other world countries. Deposit and withdrawal process presents no difficulties for traders, whether they are beginners or experienced traders. IQ Option offers possibility to trade with many different currencies which is excellent.

For depositing and withdrawing, traders can use different payment options, including debit (Maestro and Visa Elelectron) and credit cards (Mastercard and Visa), bank wire and e-wallets (Skrill Moneybookers, POLI, Neteller, WebMoney, FasaPay, Boleto, iDeal and CashU).

Withdrawal time is estimated on 24 hours. Also, minimum withdrawal is $10, which is among the lowest in binary options industry. Entire payment procedure is detailed explained on their site, which is important because it is an indicator of transparent business.

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

IQ Option - Review Conclusion

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