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IQ Option is an online broker that offers a wide range of CFDs on complex financial instruments. As one of a number of award-winning brokers, IQ Option has the prestigious Mobile Star Award for Rising Star, Century International Quality Gold ERA Award, Best Technology App of 2016, and many others.
Although they are accompanied by the voice of one of the most important representatives of the binary options industry, IQ Option is an online broker that also offers a wide range of CFDs on complex financial instruments. The main reason for this is that, unlike forex and CFD Trading, binary options have never been known as a reliable ground for building futures. They are owned by IQ Option Europe Limited, and their official partner is Aston Martin Racing. They are regulated by the Cyprus Securities Exchange Commission (CySEC) to offer safe trading to all their clients at all times. They are also the proud owners of many prestigious awards that certainly mean something.
If you decide to open an account with this broker, you will be offered 3 options. IQ Option Real Account, Demo Account and VIP Account. Demo trading does not require the trader to show credit card details, invest money or send documents. The account can be deactivated at any time. Of course, if you feel like trading with real money, you can do it at any time. IQ Option real account offers you a real trading experience with a whole range of products such as stocks, commodities, indices, currency pairs, cryptocurrencies and many others. Traders using real accounts can also participate in weekly tournaments and use live chat support. Vip account is intended for those who want to invest serious money. Additional features of this account include higher profitability, personal account manager and free access to tournaments. A nice addition is that everyone can personalize their accounts by adding photos, verifying account information, changing personal information, depositing / withdrawing funds, trade history and other settings.
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Unlike other brokers, IQ Option did not choose popular trading platforms like MT4 they have already decided to make their own. And we have to admit that they did a really good job. The platform has an attractive interface and is available online and in downloadable formats. It is nicely arranged and very transparent. In addition to the standard functions for opening / closing positions, the IQ Option Platform also offers an overview of positions as well as trading history. Chat and Blog options are also a nice addition. In case you need help navigating the platform, all clients have access to numerous video tutorials that describe in detail how to use the platform.
In addition to binary options, IQ Option offers its clients CFD Trading on as many as 15 different cryptocurrencies, respectively: Bitcoin, Bitcoin Cash, BitCoin Gold, Tron, Neo, Dash, Ethereum, Ethereum Classic, OmiseGo, Zcash, Stellar, Ripple, Litecoin, EOS and Qtum. In addition to cryptocurrencies, there are also Forex currencies, Options, Shares and ETFs on offer.
IQ Option has certainly one of the lowest minimum deposits in the industry at only €10. Yes, that's all it takes to open your account with this broker. Registration is simple and takes place in just a few steps. You can also register via Facebook and Google or simply via your email address. After filling in your information and choosing a password, you can immediately use the demo account before starting real trading.
As for the first money deposit, if you are from the European Union, you will have to go through an account verification process that includes your phone number, personal information, previous online trading experience and personal documents. All transactions are secured with the latest SSL technology for data protection and you don't have to fear that it will be stolen or misused.
IQ Option offers its clients numerous ways to make deposits and withdrawals from their accounts. Users can use debit services such as Maestro and Visa Electron or credit cards such as Visa and Master Card. Along with them there are also Skrill, WebMoney, Cash U, Neteller and Moneybookers. There is also the possibility of processing payments via bank transfer with a minimum withdrawal amount of only €2, and the estimated time for withdrawing funds is 1 working day.
In case you get stuck somewhere or need help, IQ Option customer support is available via email, chat or contact form. It is impressive that they claim to answer all questions in less than a minute and solve all problems within 24 minutes. They currently have around 80 customer support specialists, and clients who require personalized service can upgrade to a VIP account that comes with a personal account manager.
IQ Option once again proved that in addition to binary options, it is slowly but surely becoming good in CFDs, Cryptocurrencies and Forex. The trading conditions are outstanding on all their products, the minimum deposit is something that definitely makes them popular, their own platform is transparent and grateful, and the customer support is instant. However, due to the lack of support in multiple languages, it is still better to choose someone from our top list for our spaces.
Customer support
15 cryptocurrencies
Demo account
The platform can be a bit slow when trading cryptocurrencies
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