One of the world’s fastest growing online trading platforms, IQ Option, was submitted to our inspection. Read more to find out, whether the broker is a scam or a legit company.
IQ Option offers a unique trading platform for binary options, digital options, forex and cryptocurrencies (CFDs). CySEC regulated company, IQ Option, allows real trading from 10 $ and attracts new and existing clients on high payouts that reach up to 91% in case of a successful trade (binary options) and very competitive spreads (Forex, Crypto). The company has no swaps (overnight fees) on cryptocurrencies, so long-term investing is ideal here. New traders can pick up a FREE Demo account for trading at any time.
|General Risk Warning: The financial services provided by this website 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.|
Detailed information about IQ Option
- Our rating: (4.8 / 5) 1. Place in United States
- Website: https://iqoption.com/en/
- Trading instruments: High/Low options, Digital options, Forex, Cryptocurrencies
- Binary payouts: from 65% up to 91% in case of a correct prediction
- Minimum deposit: 10 $
- Minimum investment: 1 $
- Demo account: Yes, you can create a free unlimited demo account. No deposits required.
- Methods of deposit and withdrawal: Bank Wire Transfer, Skrill, Neteller, WebMoney, QIWI, Yandex Money, PayPal, LiqPay, Moneta
- Operator: Iqoption Europe ltd. (Cyprus). Regulated by CySEC.
Trading Platform & Payouts for Binary Options
The trading platform of IQ Option went recently through a major transformation and the outcome is very fast, clear and timelessly modern solution for binary and CFD trading. IQ platform might even replace your current software which you use for technical analysis because it offers all the important features and tools. But if you’re just like me, for example, accustomed to MT4 and you do not want to get used to something new, then you can, of course, use the platform just for executing trades.
The platform can be run in a regular browser, or you can download it directly to your computer. For your smart devices broker also offers an application which you can download either from your Android device or from you apple appliance, both versions are very similar to the computer platform. Payouts for options are at IQ Option currently probably the best in the industry. They can go as high as 91%, but they usually move around 87% to 89% (in case of a correct prediction). Payouts from binary options do sligtly vary during the day, this is due to current market conditions that are constantly changing. IQ Option uses ECN system, which is also used by some forex brokers.
3 Account types – Everyone chooses
The broker offers 3 accounts in total. Each account type has its own specific features and benefits, therefore you should choose wisely which type of account best suits your needs. You will find all benefits sorted by account type below.
|Free demo account||Real account||VIP account|
|Unlimited usage||Min. deposit 10$, min.trade 1$||Min. deposit 3 000$|
|Free of charge||Withdrawals processed within 24 hours||Withdrawals processed within 24 hours|
|Additional payouts on certain assets|
Free Demo Account – Matter of a few seconds
The account that is used by most traders when they start trading at IQ Option is the demo account. You can test here whatever you like (platform, strategies, etc.) because this version is totally for free and you don’t even have to make an initial deposit. Once you establish your demo account you will be provided with $ 10 000 imaginary money to trade with for as long as you need, the demo account is not limited. At the same time, you are also given access to extensive educational centre (which can be used by all three types of accounts). Once you’re sure that it’s time to enter the real market with real money, then just make whatever initial deposit you like and they will create to your demo account also either a real account or a VIP account.
Real Account – Possible with only 10$
The real account is at IQ Option slightly different in comparison to accounts at other brokers. That is due to very small requirements in order to start trading. The minimum deposit is as small as it can probably get – 10 $. And the smallest possible investment is only $ 1, so in case you would like to trade with such small amounts you are free to do so. An advantage of these very precise adjusted investments is that it’s very easy to follow your money management strategy. That is very hard to do in case you want to trade only with a minimum deposit, which other brokers usually have around – 100$, 200$ or more (and trades from 10$ ).
VIP account – Special conditions
The third possible account, which is available at IQ Option is the VIP account. This account conceals many advantages, that the 2 previous accounts don’t offer. The VIP account is designed for advanced traders who deposit at least $ 3,000. This amount doesn’t have to be made in one deposit, once you exceed this sum you will be given unlimited assistance from a personal account manager who will actively help you with your trading. Each month one of IQ Option analysts will also send you a detailed analysis of your trading. Furthermore, as a VIP trader, you can have higher payouts on specific assets (read our separate article: VIP account at IQ Option).
Conclusion – final word whether IQ Option is a scam or not
IQ Option is currently very popular broker and I definitely do not consider it to be a scam. Presently the company has over 3 and a half million active traders from all around the world, even though they started with just a 15 000 accounts in 2013. As one of the biggest advantages that I see at IQ Option is that risk of trading is entirely in your hands. Firstly, it’s because you can use a free demo account without making an initial deposit for as long as you need, and secondly, because you can create trades with just 1$. In the last brokerage comparison where I have tested payouts of all binary brokers, I have found out that this company currently offers the highest returns, which are up to 91% in case of a correct prediction.
On the other hand, every broker has its drawbacks, and not even IQ Option could unfortunately completely escape them all. One of them is that there is a very limited number of commodities you can trade, currently, I see only gold and silver. I also didn’t find at IQ Option advanced features like: rollover, or double up, which can very often come in handy. However, they already added buy out function so we might also see those 2 in the near future.
Final verdict: For me, the broker succeeded surprisingly well, this is except impressive platform due to a full regulation in almost every EU country, superior returns and also thanks to a very positive reputation. To activate your real account you only need to deposit $ 10 and to create trade only $ 1. The trading platform is a very surprising and pleasant experience, it responds instantly and it’s very modern yet simple, therefore the whole concept is working extremely well.
Accordingly to my test I recommend anyone to at least try out the trading platform at IQ option, even via a demo account, which can be created without the need of an initial deposit.
When trading with real funds, your capital is at risk
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