IQ Option Review
IQ Option is a binary trading platform that is owned and managed by a holding company known as Alta Vista Trading Limited. Based in the Seychelles, IQ Option is licensed and regulated by CySEC, but they have also sought to register with the Financial Conduct Authority (FCA) in the UK.
Established in mid 2013, IQ Option is well known among the binary trading community as one of the most reliable and innovative binary brokers in the industry. Its reputation is also enhanced by various awards that the broker has won from various industry reviewers.
To provide their clients with access to the financial markets, IQ Option developed their own bespoke platform. It was overhauled and improved again at the start of 2016, to version 4.0. As such, the interface and functionalities of the trading platform may not be what most binary traders are used too as it is modelled after the more advanced trading platforms used by the spot forex trading industry.
Nevertheless, it cannot be denied that IQ Option’s trading platform is probably one of the most sophisticated trading platforms around in the binary industry, particularly the over the counter brokers.
How IQ Option works
Apart for having a refreshing user interface, IQ Option’s trading platform allows traders to change the view of their chart from a line chart to a candlestick chart. In addition, there are also various other tools such as a line drawing tool which traders can use to plot trends on their live charts. The latest updates also added a wealth of technical analysis features too.
Perhaps one of the most useful features about IQ Option’s platform is the ability for traders to make multiple trades on the same chart. This is especially useful when you want to employ more sophisticated trading such as the “Fence” trading strategy.
IQ Option Assets list
IQ Option has consistently added to the portfolio of underlying assets. Traders are able to trade in the 4 major asset classes such as forex, commodities, equities and indices. IQ Option also respond to user demand, for example Nintendo were recently added to the stock lists after seeing a huge spike in trading interest after the release of the Pokemon Go game.
Currency pairs are a particular strength at IQ, with some of the more exotic currencies available, including NOK, SEK and TRY. The asset list is comprehensive.
IQ Option have also added to their range of expiry times. Previously specialising in short term expiries, IQ now offer many more options – including the popular End of day expiry, and longer term End of week and End of Month. Trader choice has never been greater.
As for the returns on investments, IQ Option offers very competitive payout ratios. Under the right circumstances, traders can earn as high as 90% returns on their investments. These payouts will vary based on asset and expiry time selected.
Who regulates IQ Option?
As a corporate entity established in the Seychelles, IQ Option’s scope of operation comes under the jurisdiction of the newly formed Seychelles Financial Services Authority (FSA). However, it should be noted that the IQ Option brand is operated by two different corporate entities from Alta Vista Trading Limited. As indicated on their website, IQ Option is operated by Infofield Premier Ltd (Registration No: HE324593) and Investlab Holdings Ltd (Registration No: HE327751). Since Investlab Holdings Ltd is regulated by CYSEC (License Number: 247/14), this means traders trading on IQ Option are also protected under the provisions of the MiFID. The firm have also registered with the FCA in the UK and other European bodies, backing up their commitment to MiFID.
IQ Option Demo Account
IQ offer the best demo account terms in the industry. It is a No deposit demo account. The balance can be restored to $1000 as often as required, and the demo account is useable long term, there are no time restrictions. The account can also run alongside a real money account – not “instead of”. This allows real money traders to change into the demo account, and trial new strategies without risking real money. It is the most flexible demo account available and is entirely risk free. This offering, coupled with the low minimum deposit, is why IQ option have grown so quickly.
• High Returns of up to 90%
• Low Minimum Initial Deposit Requirement
• Regulated Broker, Registered with the FCA
• Cutting edge Trading Platform
• Smaller range of commodities than some rivals
Although IQ Option is young relative to other binary options brokers, its track record and the numerous recognition awards that it has won are proof to the fact that this broker is committed to providing its clients with the highest level of quality services. Any notion of IQ Option being a scamming operation is quickly dispelled when you consider the fact that one of the awards which they won recognized them as being one of the “most trusted binary options broker” in the industry. Apart from being a trusted broker, IQ Option also made it easy to access the financial markets by requiring new accounts to only make a minimum initial deposit of $10. This is probably the lowest ever initial deposit requirement that you find in the industry. Even their minimum trade size requirement is newbie friendly as traders can trade with as low as $1.
Customer Service Rating – 10
• 24/7 Live Chat
• Trading platform translated into 13 languages
• Phone support for all supported languages
Asset Choice Rating – 9
• Full range of stocks, Forex and Indices
• Silver, Gold and Oil
Deposit Method Rating – 10
• Credit Cards
• Wire Transfer
• Web Wallet
Minimum Deposit Rating – 10
Minimum Trade Rating – 10
• $1 Minimum
Trading Features Rating – 10
• Industry leading platform
Payout% Rating – 9
• Up to 90%
Bonus Offers Ratings – 9
• Variable Monthly bonus on initial deposit.
Site Intangibles Rating – 9
• Free Demo account – Unlimited funds, no time restriction
• Real Time Price Feed From Thomson Reuters
• Training videos