IQ Option
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IQ Option is a reputable Forex and CFD broker operating in the financial market since 2013. You can access most of CFDs products with the tight spreads that start at 0.0 pips.
Providing international trading services and processing thousands transactions per day, this company is a good option for any beginning and prospective investors. Investors can expect to choose from up to 350 CFD trading instruments, including CFD on cryptocurrency, Stocks, Forex, Commodities and other.
IQ Option is no stranger to the winner’s circle, taking home dozens of awards dating back to 2013, along with their latest award, “Most Innovative Trading Platform Globe,” from the International Business Magazine in 2023.
Regulation
IQOption is a licensed company with authorization to provide its services in different countries.
Countries of presence
IQ Option operates in more than 130 countries.
Awards
IQ Option has earned more awards, including:
- Most Innovative Trading Platform Globe 2023
- Excellence In Forex Platform Global 2022
- Best Trading Experience 2022
- Best Trading Platform 2022
- Best Mobile Trading App Global 2023
Trading Platforms
As noted, the IQ Option trading platform is user-friendly and available on desktop and mobile devices. In addition, the customization aspect of their platform is easy to use. Traders also benefit from various tools and indicators, which help investors make informed decisions. The platform is also available in some other languages.
Specifically, the platform includes advanced charting tools, including candlestick charts, bar charts, and line charts. Traders can also use technical indicators such as moving averages, Bollinger Bands, MACD to analyze the markets and other.
Trading Accounts
IQ Option provides a choice of two types of accounts:
- Free Unlimited Practice Account
- Standard account
- VIP account
Trading Instruments
IQ Option offers a range of trading on CFD products, including forex, stocks, cryptocurrencies, and commodities. In addition, the broker provides over 300 trading assets, making it easy for clients to diversify their portfolios. IQ Option’s range of products is on par with other top brokers in the industry.
For some, this might not be a big issue regarding the range of products, especially those niche traders who are only masters in a narrow assortment of instruments. Still, since IQ Option is a global broker, they offer over 300 trading instruments, which is on par or better than most reputable brokers.
IQ Option offers competitive spreads among the most popular instruments while boasting different leverages.. Further, the minimum deposit requirement is low, making it accessible for all types of traders, not just whales. Finally, when compared to other market leaders, IQ Option’s trading conditions are comparable.
Deposit and withdrawals
Owning the specific authorisation gives IQ Option more flexibility to provide convenient deposit and withdrawal methods. The main transfer methods they provide are debit or credit cards (Visa, Mastercard, or Maestro) or e-wallets such as Skrill, Neteller, PayPal and others . However, your exact transfer method may depend on the country you reside in, which means there are other potential local options for you to consider.
Support
According to reviews, IQ Option provides solid customer service through email, phone, and live chat with around-the-clock support. In this regard, IQ Option ranks on par with some of the leading brokers throughout the industry, being able to answer clients’ questions and address their concerns in a quick, orderly fashion.
Promo & Bonuses
Not Available
Affiliate Program
- PAYMENTS. IQ Option automatically transfer earnings to preferred online payment account twice a month
- NO BALANCE DEDUCTIONS. Clients can’t have a negative balance in the program. The revenue is made up entirely of profits
- CROSS-PLATFORM SUPPORT. The product is available in a web version and a mobile app. Customers can drive traffic from all channels equally effectively
- MULTI-LANGUAGE BRAND. IQ Option represents thousands of customers from various countries who speak different languages.
Trainings
Whether you’re new to trading or a seasoned veteran, proper educational resources and analysis tools are crucial in growing your trading experience.
Fortunately, IQ Option does well here, with not only analysis tools but also webinars, tutorials, and some semi-regular news updates. However, they lack daily technical analysis, which is an excellent way to prepare for the trading day ahead.
In this sense, other market leaders have the edge over IQ Option.