IQ Option Review: Is It Good For Investing And Trading?
Tags: Iq Option Review, Iq Option, Investing, Trading, Money Management

BASIC INFORMATION

IQ Option is an online trading site for trading several financial instruments, including binary options, stocks, forex, ETFs, commodities, and cryptocurrencies. In Europe, sadly, binary options are not available. IQ Option was founded in 2013 and is operated by IQ Option LTD. With over 48,000,000 registered users and over 1,000,000 transactions per day, IQ Option has quickly become one of the most popular trading platforms for traders around the world. IQ Choice accepts traders from over 213 nations, including the Philippines, Malaysia, Pakistan, Singapore, India, Nigeria, South Africa, and many more. The IQ Opinion is based and controlled by the CySEC in Cyprus (Cyprus Securities and Exchange Commission).

MOBILE INTEGRATION

In addition to a specific mobile application, IQ Option offers a mobile web trading solution that gives users greater flexibility regarding mobile trading options. The app is simple to use and has a smooth, intuitive graphic interface; it also has most of the charting options found on the standard platform. The app also provides push notifications, and at any time these levels are breached, users can set key trading levels that result in alerts. The app works on tablets as well as smartphones, and both Android and Apple iOS device owners have access to the platform.

ARE THEY SAFE?

Yeah, the IQ option is secure. With over 40,000,000 registered users, this company is one of the biggest and most successful brokers of binary options in the industry. They are also licensed and regulated by the CySEC and the FSA Securities and Exchange Commission (Cyprus Securities and Exchange Commission) (Seychelles Financial Services Authority). For further security, all client funds are held in segregated bank accounts. IQ Option is also a member of the Compensation Scheme besides Investors, which protects up to $20,000 in client funds.

ARE THEY SCAM?

​It’s absolutely not! As of 2020, this broker has over 41 million registered users worldwide from more than 213 countries. Every year, the number of active traders is increasing and there are no signs of that changing. They process more than 1 MILLION transactions a day as well. IQ Option is a legit broker and one of the industry’s most reputable businesses. Their intuitive trading platform is the best around, and to traders of all experience levels, beginner to advanced, we highly recommend IQ Option.

CAN YOU REALLY MAKE MONEY?

Yes, of course, you can use the IQ Option to make money. To make a profit, you need to correctly predict the price movement of an asset by the time the trade agreement expires. If you correctly predict the market direction, IQ Option offers short-term trades that allow you to make extra money within 60 seconds. Binary options pay up to 95% profit, while up to 900% of profit is paid for by digital options. In Europe, binary options are not available.

PLATFORM

IQ Option has a proprietary custom-built platform to cater to the needs of its users, unlike other brokers using a standard trading platform. The platform is very simple to use and is well-designed. It has many useful features, including multi-chart layouts, technical analysis, historical quotes, alerts on volatility, market updates, stock screeners, economic calendars, and more. It’s also available in 13 languages, too.

You can trade a variety of assets and financial instruments within the IQ Option trading platform, including inventory, digital options, binary options, forex, cryptocurrencies, ETFs, and commodities. But in Europe, binary options are not available.

ORDER TYPES

Multiplier orders allow you, via a coefficient, to increase the return on investment and your risk level. This is a popular tool among advanced traders, but, because of the increased risk, it should only be used by those with experience. It can dramatically increase potential profits when used properly.

Stop-loss orders allow you to set the maximum loss you’re going to accept. It automatically closes the trade to minimize your losses when this type of order is triggered.

Taking orders for profit is almost the opposite of a stop-loss order. You indicate the amount of profit you want to achieve, and when it reaches this point, the order closes automatically.

By dynamically using auto-close at a stop, trailing stop orders build on the concept of a stop loss. With the changes in price in the direction you indicate, a trailing stop order will move.

Finally, you can choose the price at which you want to enter the market by buying or pre-ordering.

WHAT DO THEY OFFER?

IQ Option is a comprehensive trading platform that offers its users a wealth of alternatives, and IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks, cryptocurrencies, exchange-traded funds (ETFs), forex, and a range of different digital options after starting as a binary options broker.

Stock CFDs — IQ Option enables users to trade stock CFDs from over 176 different companies, including the most successful NASDAQ and NYSE listed companies.

Cryptocurrencies — Users can also trade Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash for 12 of the top cryptocurrencies.

ETFs — Trading with EFTs is a relatively new product, and ETFs track commodities, indices, and asset baskets. These can be traded in the same way as common stocks, and about 4288 different ETFs are available for traders to choose from.

Options — The price of several different assets, including currencies, stocks, indices, and commodities, may be speculated on by users. A gateway to over 10 million options is currently provided by the platform.

CFDs are complicated instruments and, due to leverage, come with a high risk of losing money quickly. When trading CFDs, between 74–89 percent of retail investor accounts lose money. You should consider whether you know how CFDs work and whether you can afford to take the high risk of your money being lost.

COUNTRY RESTRICTIONS

Unfortunately, in the United States, the IQ Option is not available to traders. The broker is available in 178 countries around the world, but there are stricter restrictions and regulations in the United States, meaning the broker can not be used by American traders. Canada, Russia, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Suda are other countries that you can not use the IQ option in.

DEMO ACCOUNT

IQ Option offers a free demo account, like many brokers, that includes $10,000 in virtual money. How long you can use the demo account does not have a limit. This gives you the ability to test various trading strategies before investing real money and to get familiar with the platform. You can have them replenished so that you can continue practicing if you run out of virtual funds inside your demo account.

EDUCATION AND TRADING RESOURCES

IQ Option also provides all its users with a wealth of data, and the site includes training resources that can benefit both newer and more experienced traders. These include multiple videos for trading, as well as webinars and tutorials. Several e-books and a FAQ section that covers the most common questions are also accessible to users. For traders of different abilities and experience, these training materials provide valuable information.

SHOULD YOU USE THEM?

We highly recommend using IQ Option, everything you need in one platform, even with tutorials in the app.