Trading Binary options at the IQ Option broker has been in high demand recently. So, what is IQ Option? And is IQ Option reliable? And how to play IQ Option effectively? Find out the answer by reading the following iqoption review!
What is IQ Option?
IQ Option is an online trading platform that allows you to trade Binary options, forex, stocks, cryptocurrencies, where Binary options trading on IQ Option broker is more used by many people because of its simplicity. You can trade IQ Option directly on your cellphone, PC with a gadget connected to wifi, 3G, 4G easily.
IQ Option was founded in 2013, headquartered located in Cyprus (which belongs to the European Union). To date, IQ Option has more than 48 million users from 224 countries around the world.
Is IQ Option Fraudulent Or Trustworthy?
When joining any form of financial investment, you need to find out if the broker you choose is safe and reliable? To ensure the safety of your assets during the investment process, we will summarize information that can help you assess the credibility of the IQ Option high leverage forex broker.
Is IQ Option legal?
IQ Option is based in Cyprus and is overseen by the Cyprus Securities and Exchange Commission (CySec). CySEC is a prestigious financial management organization, where investors can file complaints if problems with IQ Option occur so you can rest assured of the legality of IQ Option.
Is my money on IQ Option safe?
To be licensed by CySec, IQ Option must meet stringent requirements including financial security for client traders, products, services, and more.
CySEC has regulations on deposit insurance against traders, which means that no matter what happens to IQ Option, your funds are still guaranteed at a certain level as specified.
According to CySec regulations: all customer funds must be kept in separate accounts so that IQ Option is not allowed to access and use for special purposes. This ensures transparency and security of traders’ assets on IQ Option.
In addition, the IQ Option website uses SSL security, so it will protect user data information from scammers.
The Numbers Don’t Lie About The IQ Option Broker
The number of users:
• In 2014, IQ Option had almost 1 million registered after 1 year of operation.
• In 2016, the number of users was more than 14 million.
• Until 2020, there are more than 48 million users from 224 countries around the world and it is increasing every day.
• The average number of transactions per day is more than 1 million dollars.
• The average amount withdrawn by traders each month is $20 million.
With a professional and highly regulated trading platform, IQ Option is currently highly evaluated by the global Binary Options community. It can be said that IQ Option broker is now the most trusted and best Binary Options trading platform.
Deposit & Withdrawal Guide At IQ Option Broker
How to deposit to IQ Option
IQ Option supports various deposit methods for users: via debit/credit card, or directly from domestic banks via internet banking, via popular e-wallets such as Neteller, Skrill, Web Money, Perfect Money, and many other methods.
How to withdraw from IQ Option
When you want to withdraw money from a profitable transaction, you do the following: Login to your account, select a real account, then select Withdrawal, then select the amount to withdraw and the method for receiving the money. Note that the withdrawal method must be the same as the previous deposit method!
IqOption Key Features
• Minimum deposit $10
• Trade a minimum of $1
• Free Demo Account
• 24/7 support in 17 languages
• Withdrawal 1-3 days
• Stop Loss and Take Profit
• 100 Indicators
The IqOption trading platform is designed to offer the most popular assets and instruments. The main asset types available on this platform include Binary Options, Digital Options, Forex, CFDs on Stocks, CFDs on Cryptocurrencies, Commodities, Indices, and ETFs.
All instruments are available and tradable on desktop, browser, and mobile versions of the platform. Demo accounts are available from the start, after registration. This account contains a virtual fund of $10,000 which can be topped up when the virtual balance is depleted. There are no restrictions on using the demo account and it remains available after the first deposit.
• Intuitive Platform
• Minimum Deposit $10
• Support Multiple Languages
• Easy Deposit & Fast Withdrawal
Forex IqOption is designed to make trading simple but effective. Because of this, this option is feature-rich. Those who are familiar with MT4 will find it a refreshing new perspective on Forex. Some people prefer the old, tried-and-tested way, but if you are open to trying the innovative approach this broker applies to Forex, you will be challenged to discover all the features a forex trader could need, with an updated interface.
For starters, traders choose a currency pair, multiplier, and direction – up or down. The multiplier is also known as Leverage which allows traders to increase their potential earnings, although it can also increase the risk.
Less experienced traders can trade without a multiplier, opting for x1, or using a small multiplier like x10 or x30. More experienced traders can choose from the various multipliers available from x50 to x1000. Other features include the possibility to set stop loss and take profit at the desired stage.
This means that the accumulated profit or loss will become fixed when a certain level is reached. Pending buying – allows the trader to choose a certain price level to enter the market. If and when the specified price level is reached, a position will be opened automatically, either a short “SELL” or a long “BUY” one.
CFD(Contracts for Difference), also known as contracts for difference, are financial instruments that allow trading on the price movements of a selected range of assets. At IqOption traders can trade CFDs on Stocks, ETFs, Cryptocurrencies, Indices, and Commodities. Trading CFDs is similar to trading Forex.
After selecting the amount and multiplier, the trader can choose to use or not to use pending buy, stop loss or take profit. Indices and Commodities are suitable instruments to complement Forex trading, as some Commodities and Indices are correlated with currency pairs.
Trading Stocks require the following earnings reports and other important financial data from public companies. Cryptocurrency trading can be made easier by knowing about the distribution and integration of cryptocurrencies. Market Analysis is a feature available to IqOption traders.
The market analysis allows quick access to the most important news of the day, to Forex Calendar, Earnings Calendar, and Crypto Calendar. This feature allows users to stay abreast of the market situation in which they are trading, predict possible bearish and bullish swings, and forecast momentum in volatile price movements.