Video IQ Option Review
Isn’t it nice to finally have peace of mind and focus on your key objectives as an investor?
In recent years, there has been a very thin line between rogue brokerages and those that were out to do honest business. To an untrained eye, both types of brokers looked like they were conducting legitimate business; well until you took a close look at your trading history. Numerous cases of slippage, price re-quotes, huge spreads and negative balance due to skipped stop loss orders even when market conditions were fairly steady were the order of the day. This brought about the need for broker regulation.
IQ Option Europe Limited which is regulated by the Cyprus Securities and Exchange Commission (CySEC) is one of the most popular brokers not just in Europe but worldwide. They have worked hard to build a strong presence in the world of binary options. It is virtually impossible to mention binary options without mentioning this broker. Upon visiting their website, you will find that they have taken professionalism to the next level. One of the things you notice first is the backdrop on the site which is a picture of their huge office in Nicosia, Cyprus; a subtle effort towards reassuring brokers that they are a well-established organization that will not vanish into thin air!
IQ Option Platform
After creating a login account on their site, you will find that IQ Option have availed a number of platforms through which traders can access their services. When you click on the ‘downloads’ tab, you will find that they have provided suitable platforms for Windows computers, MacOS devices, Ubuntu devices as well as android devices.
On the top-right hand side of the screen there is a big orange button labelled ‘TRADE NOW’ which once clicked basically throws you into the thick of things. The page that opens is basically a web binary options trading interface. If you have never seen a trading platform before, this will definitely be a lot for you to take in; the moving graphs, the currency pairs and of course the big green button labelled ‘DEPOSIT’. It is assumed that this being your first time, you will want to first trade on a demo account after which you will upgrade to ‘live’ trading. They offer an array of deposit facilities including Visa, MasterCard, WebMoney, Skrill and Neteller.
IQ Options support mobile trading for Apple devices, Android devices and also Windows devices. They recommend their customers to trade from the mobile application platform as it is faster compared to the web platform. Moreover, the mobile application empowers an investor such that they are able to trade even when he/she is on the move.
One of the limitations that stand out for the IQOption website platform is that it is sometimes slow and this may cause an investor to use the mobile platform for the reason stated above.
Account Types and Asset Index
IQ Option offer demo accounts and real accounts. Demo accounts are for beginners who want to practice without the risk of losing actual money while real/live accounts are available for those who want to deposit real money with the brokerage and start trading. As stated earlier, investors who deposit $3,000 and above are considered VIP IQ Option offers an array of assets that an investor can select from. This entitles them to an account manager, personal tutoring, free access to tournaments and unique offers that may be introduced.
IQ Option offer a huge array of assets including both major and minor currencies including USD, EUR, GPB, JPY, AUD, CHF, CAD and publicly traded companies such as Google, Twitter, Tesla, Facebook and Amazon.
Deposit and Withdrawals
On the top-right hand side of the screen there is a big orange button labelled ‘TRADE NOW’ which once clicked basically throws you into the thick of things. The page that opens is basically a web binary options trading interface. If you have never seen a trading platform before, this will definitely be a lot for you to take in; the moving graphs, the currency pairs and of course the big green button labelled ‘DEPOSIT’. It is assumed that this being your first time, you will want to first trade on a demo account after which you will upgrade to ‘live’ trading. They offer an array of deposit facilities including Visa, MasterCard, WebMoney, Skrill and Neteller. They allow investors to deposit as little as $10 and they offer ‘VIP’ benefits to those who deposit $3,000 and above.
In regards to withdrawals, they are ranked pretty highly. At inception, most brokers committed to processing withdrawal requests in approximately 4 business days. In 2016, IQ Options moved a step ahead of the rest by reducing processing time for withdrawals and ultimately allowing instant withdrawals.
Their customer support line is conspicuously displayed as a sliding label on the left hand side of the screen so you couldn’t miss it even if you wanted to! And there is always a customer support rep at hand to pick your call and help you resolve your issues. In addition to this, they are very active on their social media accounts – Facebook, Twitter, Instagram and YouTube. I will admit that their availability to customers (both existing and potential) is quite impressive, plus they occasionally do live videos which has become a key selling point for businesses in this era.
According to the IQ Options website, the support team has improved their response rate and managed to cut down their ticket resolution time by up to five times ( from 5 hours to 24 minutes). Something worth noting is that they have created elaborate tutorial videos that if used correctly can be of great benefit to the investors.
IQ Option Scam?
IQ Option is definitely not a scam. As stated at the beginning of this article, they are a brokerage firm that is regulated and has received the green light to trade consistently from 2013 to date under the license number 247/14. Numerous testimonials to attest this fact are also available on lots of websites including the widely trusted brokerage review firms. CySEC which has been keen to maintain an updated list of licensed as well as blacklisted firms has not given any reason to doubt their integrity. It is however important to distinguish IQOptions Europe Limited from IQ Options Limited which is registered in Seychelles and not licensed by CySEC.
IQ Option also adheres to the Anti-Money Laundering policy by collecting all the necessary information from their customers. They encourage that all those who use their platform stick to a strict code of conduct such that the freedoms and rights of other parties are respected.
Pros & Cons IQ Option
- IQ option has a very special trading platform, which Is a proprietary one and gives traders a range of different functionalities often not seen on binary.
- This broker is safe and secure as demonstrated by the fact that it is regulated by CySEC
- Customer support representatives are highly available through the live chat and contact us sections of the website.
- Traders can deposit as little as just $10 to get started
- Platform can be a little slow to load sometimes, because of how advanced and highly resource packed it is
Conclusion about IQ Option
While the binary options industry continues to grow, more brokers and platforms continue to come up each day. Potential investors are constantly being bombarded by ads online about the next best broker ‘near you’. It is important to make sure that the firm approaching you to offer ‘financial services’ is a credible firm. Make sure that they are licensed by the relevant authority just like IQ Option is regulated and licensed by CySEC. Such regulators provide protection to investors in the event that there is a misunderstanding between both parties. IQ Options have proven that they are a credible broker and that they are concerned with providing quality services to all those who wish to invest through them.