5 reasons for IQ Option
- There are free tutorials, webinars and e-books, plus Demo Accounts for you to hone your skills before parting with any money.
- It is the sponsor of Liverpool Football club and other Premier League teams.
- You can begin trading with just £10.
- The company is regulated by the Financial Conduct Authority of the UK.
- Opening an account is easy and trading can begin quickly.
Trading with IQ Option
IQ Option has a number of financial instruments, these include equities, currency pairs and commodities, each can be traded on local or global markets and exchanges. You can acquire an option for a minimum investment of £1, a value which is considered average on the binary market. The minimum deposit is £10.
Logging on to the IQ Option trading platform, you’ll find it’s user-friendly and easy to navigate right from the outset. With a clear and customisable layout, plenty of menus and great graphics, it is designed to be appealing to both experienced traders and beginners.
To trade via your mobile, there is an IQ Option app available for iOS and Android users. This is a very functional tool which keeps the most important buttons spaced well apart to avoid any accidental clicks. Accessing the app is just like trading on the ordinary platform, but on a smaller scale. It has the same utility and could even be used alone without missing any major features. Having a solid app is definitely an advantage for IQ Option, especially in a financial environment where many people prefer to trade on-the-go.
Conditions of an IQ Option Demo Account
To open an IQ Option Demo Account you don’t need to deposit any money, so they won’t require your credit card details or phone number either. You simply input your email address, create a password and then confirm your details on the registration email they send. Once you’re signed up there’s a video explaining where to begin, or a Trade Now button if you’d prefer to get started immediately. As a Demo Account holder, you will get full access to all of the platform’s features and £1000 in demo money. This allows you to explore binary options trading methods and consider what the most beneficial strategies are, before opening a full account with real money.
Getting an IQ Option Bonus
IQ Option provide their traders with numerous bonus deals; these are offered for hitting a specific milestone, depositing a certain amount or simply for signing up. The initial bonus for their VIP Accounts is probably the most generous at 100%, for the Real Account this drops to 80% or lower. These extra pounds make it far easier to adjust to the way the system works without fear of taking costly risks and losing your entire investment.
In order to be eligible for a withdrawal, the bonus amount has to have been wagered at least 35 times.
IQ Option Payments and Withdrawals
Traders can expect to earn up to 85% profit and IQ Options take a commission of around 7.5%. Once you have reached a minimum amount of £10 you can withdraw your funds, the maximum withdrawal amount is £700,000. If you are asking for a significant amount, it is possible that the company may request some scanned documents for security reasons, but that will depend on how you’ve decided to withdraw the money. Any relevant information about the paperwork required will be sent to you via email.
On average, withdrawals are processed by the company within 3 working days. The money should be transferred into your account between 2 and 9 days later, but that will depend on the method you choose. For deposits and withdrawals, IQ Option supports bank transfers, CashU, Maestro, Visa, MasterCard, Skrill, Moneybookers, WebMoney and POLI.
IQ Option Customer Service Solutions
Although there is no option to call, or speak to an IQ Option representative through live chat, the company have an email support service with runs around the clock in the UK. It is also available in twelve other countries, Russia, Brazil, Portugal, France, Germany, Indonesia, Saudi Arabia, Spain, Turkey, Norway, Italy, Sweden, China and Korea. Although not all locations enjoy 24 phone support, traders are assigned an account manager when they sign up. These people are an excellent source of information, but you will have to wait for their response if you enquire out of hours.
Like most modern companies, IQ Option have a number of social media accounts. They are reachable through their Facebook, Instagram and Twitter pages, where a member of the team will reply openly to any questions or queries.
IQ Option Security and Regulation
When you are looking for a binary options trading platform, it’s important to consider whether they comply with a country’s legislation around financial standards. IQ Option are registered with the Financial Conduct Authority, or FCA, in the United Kingdom. This is an independent organisation which is not connected with the government and is subsidised by its members in financial services. It monitors the behaviours and standards of corporations in the UK, safeguarding customers and maintaining a responsible agenda in the country’s financial markets.
In 2013 IQ Option was also registered to CROFR, and became a certified broker for Russia. By 2014 the Cyprus Securities and Exchange Commission had registered the company, and in 2015, the Italian Securities and Exchange Commission or CONSOB, also followed suit.
Registration with CySEC or the Cyprus Securities and Exchange Commission guarantees a number of important facts about a company. Primarily, it confirms that they have an equity capital of €200 000 or more and provide insurance for customers funds. They must agree to carry out monthly audits, checking that their brokerage remains compliant with EU laws and are also subject to an external balance audit, to confirm the extent of their capital. Finally, companies registered with CySEC cannot appropriate trader’s funds for any other purpose.
To protect their customers interests IQ Option participate in a number of compensation funds. These are designed to guarantee an investor's claim in case a broker is not able to honour their financial commitments. There are two such funds that IQ Option traders are protected by, the Centre for Regulation in OTC Financial Instruments and Technologies Compensation Fund and the Investor Compensation Fund (ICF, Cyprus).
Furthermore, the company conduct their financial affairs using a segregation of funds. Client’s funds are kept in separate accounts and not combined with the IQ Option general bank accounts.
Financial quotes are supplied to IQ Option by Thomson Reuters; this is a well established media corporation that encompasses the respected Reuters news agency. They deliver information regarding commodity markets and financial trends to professional companies located around the globe.