IQ Option Review
Do you wonder what IQ Option is and is it legit? So without further ado, let us move forward and find that out in this short but detailed IQ Option review.
The company is based in Cyprus and is regulated by CySEC (under the license 247/14). In addition, IQ Option is in the registers of FCA (UK), CONSOB (Italy), CNMV (Spain), Regafi (France), AFM (Netherlands), Finantsinspektsioon (Estonia), and ČNB (Czech Republic). The main headquarters of the broker is located in Limassol, while all the rights and domain belong to the company registered in Seychelles.
IQ Option name is new for many, however, it definitely roiled the market around. Since 2013, IQ Option has got more than 25 million registrations worldwide and growing strong. It is one of the top brokers nowadays which offers commodities, indices, stocks, options, cryptocurrencies, ETFs, and traditional currencies (Forex) of course. Furthermore, IQ Option gives a lot of top-notch features such as mobile trading, signals, market analysis, one-click trading, etc. But let’s talk about that a bit later.
Customers can deposit funds using one from a long list of options. From credit cards to Skrill, Webmoney or Neteller. Sadly, cryptocurrencies didn’t find a place on this roll.
The broker is available in several languages including Russian, Turkish, German, Italian, Arabian and many more. However, it is worth mentioning that IQ Option does not accept customers from a few countries like the USA, Canada, Australia, France and some more (full list in the details below).
IQ Option Fees and Spreads
Spreads vary depending on a traded asset, but for EUR/USD it’s 2 pips. Some of the options don’t have any spreads at all. Furthermore, IQ Option may charge a customer with commissions per trade. But again, it depends on an exact instrument and should be double checked before taking any actions. Cryptocurrencies have its own buying fee of 2.9%.
Also, the broker applies fees for inactivity longer than 90 days. That’s worth remembering, especially if you have some funds there.
IQ Option Trading Experience
The website is easy to use, a user interface is awesome and everything is clear enough even for an amateur trader. Platforms are available for the most of devices and environments. IQ Option broker provides a lot of features for mobile traders, one of them is mobile alerts. Besides IQ Option app for mobiles, software for MacOS, Windows, and Linux sit on the download page as well.
Minimum deposit amount is very low compared to other brokers and doesn’t exceed more than $10. Account registration is simple and verification process shouldn’t take a lot of time and efforts.
Insights and Education
This broker provides free demo trading account, which should be tested of course to get more insights on how eToro platform works. On the other hand, demo version supports only 15 assets and doesn’t reveal a full potential of this broker.
IQ Option provides customers with a lot of informational updates – economic calendar and analytics. Golden information provided for free.
Also, it has a long list of video tutorials (they’re well made and shown in HD). They’re prepared in a professional way and help go through the jungle of trading with ease. That’s extremely useful for new traders who still have a lot of questions and doubts. Plus, learning from videos usually is simpler and easier. Besides that users find an informative FAQ and a help page too.
Customers get a superb support in three different ways – phone support, live chat and traditional email support. A support team presents the help clearly and in a decent period of time. However, there are some customers who state that sometimes support speed disappoints sometimes.
To summarise this IQ Option review, the broker is really worth checking and having an account on. Everything works fast enough, is clear and easy to understand. It means that IQ Option should fill all needs of both types of traders – newbies and experienced. Wide selection of markets makes it even more attractive. A low minimum deposit amount allows even small budget traders to start their trip through this interesting markets world.
However, the list of features and accounts offered could be a little bit longer. We miss scalping, hedging, and other very useful functions. Price alerts would be awesome as well.
|Excluded countries||Russia, USA, Canada, Australia, Belgium, France, Japan, Turkey, Israel, Syria, Sudan, Iran|
|Languages||English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, and Indonesian|
|Licenses||CySEC - License: 247/14|
IQOption Europe Ltd
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