In this IQOption review, we will cover all there is to know regarding this broker.
First entered into the world of brokerage in 2013 and have proved to provide a great service since their arrival. They are unique and stand out from the other brokers.
IQ Option has many features that are quite impressive, such as the education materiel and courses available. They are innovative and informative. There is a wide variety of materiel that can be access within the trading platform.
The overall website layout is fresh and easy to use. It is a highly functional system that rarely crashes and is very responsive.
IQOption also provide a free demo that is legit. All you have to do is have an account with then and you will have access the free demo without having to do any additional and unexpected sign ups.
The home page for the trading platform is clean, simple and has no marketing tactics that are cheap and unimportant, rather they have useful information and 3D charts that move constantly to keep you update with your progress and other news.
One of the things that is great of this broker is that they have low deposits of just 10 USD which is a reasonable amount to start off with for many traders. The registration process is also easy and simple, you’re able to quickly sign up and trade straight away on a free demo. There is also a option to upgrade to VIP account which would cost as little as $1,000 and up to 60% return in the case of OTM trades.
On the trading platform the asset lists are decent however they are not as detailed as other trading platforms other binary brokers have. There is one commodity which is gold and the rest are indices.
The website also has eight languages available that provides each individual with the preferences they need to communicate effectively. Some have said that the platform is a little too technical and can be hard to adjust, especially for traders that are new.
One of the disadvantages with this broker is that their expiration times are very limited to a specific time and this is a issue to traders. Most of the purchased options expire by the end of the same day, which can decrease opportunities for long term traders.
IQOption also have short asset lists and only have high/low style options, which leaves fewer options for traders to customise with.
US Traders are not allowed to use the website unfortunately.
Is IQOption a Scam?
There has been no suspicious behaviour few complaints with this broker and they are operated by IQQptions Europe Ltd who is regulated by the CSE (Cyprus Securities and Exchange Commission. There is valid information on their website, such as the contact us page, that shows there contact details.
There have been some complaints with this broker, mainly around the return percentage that changes during volatile markets, some people complain about the trading platform’s performance, and that it can be slow, therefore freezing up.
There are also complaints regarding the customer service with IQOption, for example the there is limited live customer service at specific times so there is not always someone available to speak with live.