IQ Option consists of two legal entities: IQ Option Europe Ltd. This second entity is not regulated. In addition, the broker has maintained a relatively high and stable stream of traffic to their domains: This means that the traders are satisfied and the company is healthy with a good reputation.
Free demo account is now available upon registering a new account at IQ Option. The financial services products offered by the company provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. The company is trying to do something different starting with the website layout, the education and of course the innovative, highly functional, trading platform.
I opened the Demo in about 15 seconds. I am sorry to say but their expiration times are too limited and I believe this is one of the main issues I have with this broker.
Expiry is pretty dynamic, but all purchased options expire by the end of the day at most, so long-term traders will feel left out. However, that being said, this is one of the better platforms for short term intra-day traders. You can now trade 22 Forex pairs and 12 popular Cryptocurrencies. Right from the start I can see I am not dealing with the usual Binary Options website that shows me a glamorous girl, a limousine or stacks of money.
This is a big thumb up because as we know, usually binary options brokers severely suck when it comes to charting and additional technical tools.
Registration is easy and you can start trading immediately on Demo — for a real account, your IDs need to be verified as is the case with all CySEC brokers. Each asset class is well introduced and categorized also according to risk and reward. For example, there are FX pairs to trade, they are classed as high risk but also high reward — same as the 12 tradeable Cryptocurrencies.
The latter is categorized by IQOption as low risk but low return. ETFs work by tracking commodities, indices and baskets of assets, and are traded in the same way as common stock on the stock exchange. Investors can sell short, buy on margin and buy as little as a single share in their chosen asset. The best part is that your investment is protected.
For example, while trading FX, you can only lose the invested amount. Your binary options trades are protected too, at any time you can close any trade which is in or out of the money to secure partial profits or cut your losses. There are also many recurring tournaments with relatively big prize pools reaching up to 50, — 10,!
I see several blog posts just from the previous 24 hours which is amazing. Interested in opening an account with IQ Option? We found a list of complaining clients on pissedconsumer. Most users complain regarding return percentage changes during volatile markets, some complaint about platform freeze or expiry strike being different than the market price.
We also found many complaints regarding withdrawals and blocked accounts and untrue quotes. Some people compared the IQ Option charts to MetaTrader but if you look carefully, they failed to notice that the former charts and MetaTrader where not using the same time interval in some cases.
On the other hand, we also found many satisfied people claiming they had no issues with their withdrawals. This means that their platform is working in accordance with CySec rules and not cheating the clients. Finally, there are complaints regarding customer service, however, users must understand that IQ Option has limited live customer service. There are both positive and negative reviews which are normal for a growing broker. Some traders have lost money thanks to their own trading and simply appear to be posting angry comments while some complain about the demo and real account being different.
A transaction will be processed within 24 hours. The money must go to the same source they originated in order to prevent money laundering. Also, before being able to withdraw, clients have to provide identification documents, which is another practice required by anti-money-laundering rules. Further, withdrawals can be made by just about any eWallet on the internet, which gives the fastest payouts, within hours of processing unlike CC or wires, which could take longer.
The full list of acceptable funding methods are: Candlestick charts are considered an extra for binary options brokers even in this day and age. Their innovative platform can also be considered an extra feature as are the many tournaments for trading that they offer. Keep in mind that these Tournaments are subject to Terms and Conditions, just like any competition, anywhere around the world. To make things more interesting, IQ Option offers the possibility to use x5 leverage for cryptocurrency trading.
As a special feature, when trading cryptos, you will obtain OTN Open Trading Network tokens that can be either withdrawn or used to pay off your commission. Each week, IQ Option distributes a pre-arranged number of OTN tokens to all traders who made at least one commission-based crypto trade. Everything else on the website is well structured and easy to find. US traders are not accepted. Check the terms and conditions for the full list of countries that are not accepted.
Demo accounts are available free of charge and without a time limit, as well as mobile applications for iOS and Android. They offer more than assets to trade. There are no commissions to use this broker, standard for the industry. Deposits are available through the same methods.
The bonus is no longer available due to CySEC new regulations. Withdrawals are processed within 24 hours. The broker does not charge any commissions or fees for the above-mentioned withdrawal methods except for wire transfer. As I mentioned before, their platform is an extra on its own because it is unique. The Tournaments Terms and Conditions apply are another nice extra as they allow for lots of extra income, for the best traders of course.
Lacking some features most major platforms includes. Upcoming assets are ETF and Stocks. Get a Free demo account upon registering a new account!
Approved broker by binaryoptionsthatsuck. Free Demo Options Payout: Binary Options That Suck. Please be noted that all information provided by Binary Options that Suck are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality.
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