IQ Option is a bit of an odd name for a trading platform. Don’t worry, it’s got nothing to do an IQ test. This product comes with raving reviews from experienced traders, however, there are a few things you should know before signing up.
The fact that you’ve taken a moment to scrutinize this product before buying it should be applauded. You’ve done yourself a massive favour. Your due diligence will save you from wasting money and time.
A good bit of research always goes a long way in the fight against online scams. The good thing to know is that creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to IQ Option in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to show you why IQ Option is the leading online trading platform and what distinguishes it from its rivals.
IQ Option Review
- Name of Product: IQ Option
- Creator: Managed by IQ Option LTD.
- Type of Product: Online Trading Platform
- Cost: Free to join + minimum $10 deposit
- Who Is This Product Best For: Expert online traders with a good knowledge of Forex, stocks, and other commodities.
IQ Option Summary
IQ Option is an award-winning trading system for stocks, Forex and various commodities. The product is maintained and updated by hundreds of developers that closely collaborate with expert traders, therefore, it offers plenty of useful functions.
The system is recommended for traders that want to step up their trading performance. However, this product might not be suited for newbies. There is a demo system that can be used to learn your way around the platform and test its features.
Nonetheless, the system is well built, safe to use and armed with many useful features. It provides good value for money and a lot more.
Product Rating: 90/100
Would I Recommend This System? Definitely
IQ Option Explained
IQ Option is an online trading system where users can trade financial instruments such as Binary Options, Stocks, Forex and Cryptocurrencies.
The system is owned by IQ Option Ltd and was begun in 2013. From there, it grew rapidly to become a trading platform with over 20 million users globally.
The company is located in Cyprus and is governed in the Europe Union by the Cyprus Securities and Exchange Commission (CySec). Because of this, the platform adheres to any legislation put in place by the commission.
The company is authorized to promote and sell its products to users around the world and outside of the EU.
Exploring IQ Option
Within the platform, you are given various options instead of just trading. You don’t have to trade binary options if you don’t want to. The systems delivers regular updates and because of this, users can trade a varied range of digital options.
IQ Option is a well considered and robust trading system and as such, it offers traders a wealth of financial instruments. Initially IQ Option began as a binary options broker, but since then it has diversified its services to offer users the option to trade Exchange Traded Funds (ETFs), Forex, Contracts for Difference (CFDs) on stocks, Cryptocurrencies and much more.
Below is a list of features inside IQ Option:
- Contracts for Differences (CFD) on Stocks: There’s the option to trade CFDs on stocks for more than 7480 businesses, including thriving companies found on the NYSE and NASDAQ.
- Options: If you prefer, you can speculate on the costs of different stocks, assets, indices and commodities. You can access more than 10 million different options through IQ Option.
- Forex: Need I say more. This is one of the most favored markets and IQ Option provides a gateway to approximately 188 different currency pairs to trade.
- Exchange-Traded Funds (ETF): One of more recent products to be introduced to the market is Exchange-Traded Funds or ETF. It tracks indices, assets and commodities which can then be traded in a similar manner as standard stocks. Traders can select from over 4200 different ETFs.
- Cryptocurrencies: If cryptocurrencies are your thing you can trade 12 of the most popular currencies including Litecoin, Ethereum, Bitcoin, Monero, Ripple, Zcash, IOTA, Dash, Omisego and more.
Demo & Live Accounts
If you’re considering joining IQ Option but want to trial the features you can create a demo account to test out the system before committing any money.
The demo account is loaded with virtual funds that can be topped up to let you practice as much as you want and get to know the system.
If you proceed with depositing funds into the system, you are provided with 2 different account types to choose from:
- Live Account: This requires at least $10 to get started and it removes any functional limitations from the dummy account. It opens up access to more than 70 assets and processing of withdrawals.
- VIP Account: This type of account is designed for traders that intend to invest over $3,000. On top of the features on the standard account, traders will be given a personal account manager to help with inquiries or problems. Monthly trading reports are also provided.
Withdrawal & Deposit Options
IQ Option gives you a choice of payment options to withdraw or deposit funds from your trading account. If you prefer, you can utilize debit services such as Visa Electron or Maestro, or utilize credit services such as MasterCard or Visa.
Other available payment providers are Moneybookers, WebMoney, Skrill, Neteller and Cash U.
There’s also the option to wire transfer when withdrawing funds.
Before you can deposit your initial funds, you need to validate you account and identity as per European Union regulations.
Therefore, IQ Option will request the information listed below:
- Personal details- name, address, date of birth, etc.
- Phone numbers and any other contact details.
- Details about your trading experience.
- Valid identification documents such as a drivers licence or passport.
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How Do You Signup To IQ Option?
Signing up and setting up an account with IQ Option is free. There’s the option to use your Facebook or Google credentials, or your email address.
The amount of money that you’re willing to deposit into your account is entirely up to you and your level of experience. This will also influence the amount of potential profit you will make.
IQ Option Affiliate Program
In addition to profiting from trades, the company has its own affiliate program, which is a commission-based incentive that gives you a percentage of the trading fees made by your referrals. Not bad!
The affiliate scheme works on a tiered system which offers more rewards as you get more people to signup. You could potentially make more money when you introduce traders to the IQ Option system.
How Much Money Can You Earn?
The revenue share is split 50/50 between you and the broker. This means that for the entire duration that your referral is a member on the platform, you will earn 50% of the revenue.
How Does The Affiliate Program Work?
To join the affiliate program you first need to apply for an affiliate account with IQ Option. Once the application is accepted, you’ll be provided with an affiliate manager, who will walk you through all the details of the program.
You can begin promoting IQ Option with the affiliate link that’s given to you as soon as your application is approved.
At the 1st level tier you will earn 50% revenue share. Once you start recruiting more people onto the program, you will progress to the higher tiers where more features are unlocked such as immediate withdrawals and bigger commissions.
Within the affiliate platform you will find a dashboard that tracks your referral’s traffic, it shows you who’s joined the program and the amount that each referral is trading.
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Is IQ Option The Right Product For You?
IQ Option is designed for-
- People with prior trading experience such as Cryptocurrencies, Forex, Binary Options.
- People that have previously traded with systems that are much the same as IQ Option.
Advantages of IQ Option
1). Intuitive Trading System
IQ Option is unique and better than rival platforms thanks to its cutting-edge technology. It stays ahead of the game by utilizing more than 100 developers that are always updating the system and its features. IQ Option is streamlined to deliver a quality experience. Below is an illustration of the platform and its layout.
The developers work closely with expert traders and exchange ideas about system improvements so that the features are optimized to current standards.
The features comprise of studies such as Moving Averages and Bollinger Bands as well as charting packages.
The platform is also equipped with widgets that can be placed anywhere on the screen if your using a web browser.
2). The Platform Has Won Multiple Awards
If a platform is constantly winning awards from renowned awarding bodies then this is a good indication of a reliable business that will be around for many years.
IQ Options has amassed many awards that showcase different aspects of its platforms.
The Academy of Interactive & Visual Arts commended IQ Option with the Award of Excellence in 2017, this is the best commendation from the Communicator Awards. Below are some of the awards presented to the company:
The platform was acknowledged as the best trading app in the financial sector by their voting committee
IQ Option also received the Rising Star Award for “The Intelligent Trading App For Binary Options” in 2016. This was awarded by Mobile Star Awards, a yearly awards scheme specifically for mobile innovations and software.
In 2016, IQ Option was awarded with the Best Technology Application for their mobile app by the Web Marketing Association.
What Does This Say About The Company?
IQ Option are the best in the game, they’ve made great efforts to achieve a high-class platform that blows the competition out of the water.
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3). Regulated In Many Countries
IQ Option has thousands of financial transactions pouring in and out of its system 24/7, therefore, the company is strictly regulated in the EU. IQ Option has to adhere to strict requirements that encompass customer funds, trading products and marketing restrictions.
Local law prohibit the company from signing up traders from Canada, United States, Australia, Belgium, Iran, Palestine, Israel, Russia, Japan or Syria.
For added convenience, traders can also select different currencies when funding their accounts- EUR, GBP, USD, RUB, IDR, MYR, and Yuan.
4). Access IQ Option Through The Mobile App
As discussed earlier, IQ Option was awarded for their cutting-edge mobile web trading app.
It’s been hailed for its user-friendly experience. A lot of thought has been put into the interface to provide a high performance app that is seamless to use. The app supports both iOS and Android.
Disadvantages of IQ Option
1). Not The Best Product For Beginners
Although IQ Option is a leading platform, it’s not recommended for traders that are just starting out and those that are not familiar with trading platforms.
Having said that, any type of trading requires a considerable amount of work, learning and education. There’s a lot to understand before you are fully competent and comfortable, therefore, it’s not really something you can glance over then hope to make money from.
IQ Option is simply a tool to help you trade seamlessly, however, you are still required to understand the concepts and know what you’re doing.
And of course there’s a demo account to help you familiarize yourself with the platform. If you’re still wanting to forge ahead with IQ Option but are still quite new to trading then I would advise you to start off by using the demo account until you’ve gained enough knowledge to trade with actual money.
If you want to learn more about trading, you will find a lot of resources online. A good place to find courses is Udemy, which is an online educational site with plenty of resources to help you.
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Is IQ Option A Scam or a Legit Business?
IQ Option is a genuine trading platform with an impressive track record and plenty of awards to show for it. It is regulated under EU laws and strictly adheres to these requirements.
If this company was a fraud they it would have been taken down by the regulators years ago. If you are an experienced trader then this system is strongly recommended for it’s efficiency, ground-breaking features and reliability.
The platform is maintained and updated regularly by hundreds of developers using the advice of expert traders to provide the best possible trading experience.
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