IQ Option review
|Headquarters||IQ Option LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines|
|Deposit Methods||Mastercard, Visa, Advcash, Perfect Money, MayBank, DUITNOW QR, CIMB Bank, Hong Leong Bank, Public Bank, RHB Bank, AmBank|
|Withdrawals Methods||Webmoney WMZ, Advcash USD, Mastercard, Visa, MayBank, CIMB Bank, RHB Bank, Hong Leong Bank, Public Bank, AmBank, Perfect Money|
|Mobile trading||Yes. For Android and IoS|
What is IQ Option?
The IQ Option platform for trading on financial markets has been operating since 2013. During this time, the company has managed to become a true leader in its industry, thanks to modern technical solutions, timely payments and high-quality customer service. In addition, the IQ Option broker provides traders with training, in-company tournaments with cash prizes, a free demo account that you can try right now and other benefits that you will learn about in this IQ Option review.
Security is one of the most important factors when choosing a broker. IQ Option LLC is registered in Saint Vincent and the Grenadines and the company is authorized to provide services through iqoption.com. There are no restrictions for a broker to provide services in the local legislation of Malaysia. Based on the above, Malaysian residents can trade without having to worry about security.
Customer funds are kept in segregated accounts with reputable banks. At the same time, all data, including card data transmitted by the client, is encrypted. In 2018, the General Data Protection Regulation (GDPR) came into force, which introduces high and strict privacy requirements for organizations. The GDPR applies to all companies that process personal data, including IQ Option. All legal information can also be found in the conditions section.
The broker has repeatedly received awards during its existence. Among them are "Best Trading Platform", "Best Technology Application" and others.
After registering with a broker, you will be able to trade in several ways. The first CFD method. The second method is binary options trading. Both of these methods allow investors to earn on changes in the price of an asset without physically buying the asset itself. These methods have advantages.
The main advantage of trading CFDs is the reduced requirement for trading capital. This decrease is carried out due to the fact that the need to pay tax and commission for the supply of goods, inclusion in the register of shareholders, as well as other fees that are paid when trading shares, disappears.
In addition, CFD trading allows the use of leverage. Maximum leverage may change depending on market conditions. In addition, you can earn not only on growth, but also on falling prices.
Binary options are already confidently gaining a leading position. Here, the minimum expiration time may vary according to the time of day. Trading masters say that when working with binary options brokers there are all opportunities for successful development, obtaining a sustainable substantial income. At the same time, it is better to learn, gradually master the skills first on a demo account.
Online trading on the site makes it possible to earn and receive a profitability of up to 95% from one transaction with the correct forecast of an increase or decrease in the price of a trading instrument.
The essence of a binary option is that you choose the underlying asset and open a deal for a certain amount. At the same time, you make a forecast of how the price of the asset will change after the expiration time. If your prediction is correct, then you get the amount of your bet and the profit. In this case, the underlying assets can be currency pairs, stocks and other assets presented on the platform.
This tool is very similar to binary options. The main role in digital options trading is played by strike prices. This term is interpreted as the marginal prices set by the trader when making a deal. Profit can be obtained by playing for an increase or decrease in the price of an asset. At the conclusion of the contract, the strike price is set.
Profit occurs when the current price breaks the border up or down. Due to the choice of the strike price, it is possible to regulate risks and set the level of potential income for the transaction. If the trader sees that the price is not moving according to the forecast, then the digital option can be sold before the expiration date of the contract.
Traders speculate on the future value of commodities in an effort to profit from price fluctuations. Note that increased volatility makes trading commodities risky yet popular. After all, in a few seconds the situation on the commodity market can change by several points. IQ Option has 3 types of commodities: gold and two grades of oil (Brent, WTI).
ETF share prices fluctuate throughout the day as the ETF is bought and sold. This means that the asset is great for daily CFD trading. Also ETF trading comes with low expense ratios. Broker commissions are less than when buying shares separately. For example, the spread for the S&P 500 ETF averages 0.025%. There are 23 ETFs in total for trading on the platform.
The promotions section offers a wide selection. There are 188 stocks of global companies in this category. For example, the most traded today are Amazon.com., Apple, Baidu, Alphabet Inc. and others.
Forex trading is perhaps the most classic and favorite category for traders. Forex pairs occupy one of the first places among the leaders in terms of popularity. Pairs such as EUR USD, GBP USD, GBP JPY, and others are traded here. There are 31 currency pairs in total.
A relatively new trading instrument compared to currency pairs, but due to its novelty and volatility, it is rapidly gaining momentum in terms of liquidity. On the platform, you will be able to invest money in 19 coins. Among them are Bitcoin, Ripple, Ethereum, Litecoin, Dash, etc.
Traders use the multiplier to speculate on small price differences and still get significant results. It is up to you to decide what is more important in each case - less risk (without a multiplier) or higher profitability (with a multiplier). Regardless of which one you choose, it's always good to have more options at your disposal. For example, a cryptocurrency multiplier can reach 100 points.
A stock index is a virtual portfolio that consists of shares of companies collected according to a certain principle. Indices exist in order to assess the state of the economy as a whole or individual industries. On the platform, you can invest in 12 indices.
If you want to start trading the described instruments, make your first trade on IQ Option, or just get to know the platform, all you have to do is open an account. . Click on the button below, fill out the registration form and get acquainted with all the trading functions. The guide will help you with this. Opening an account is free and takes about 2 minutes.
Registration in Malaysia
To register and start trading in Malaysia fill out the registration form. For this:
- Indicate the country in which you are located
- Fill in your first and last name
- Specify the mail that will be the login and to which you have access
- Create a password
- Read and agree to the terms and conditions of the company
- Complete the registration by clicking on the button. Ready!
To start trading, verify your account using the link that will be sent to your email address.
After registration is completed, 3 account types will be opened for each trader. This is a demo and real account. The good news is that these accounts can be used in parallel. To do this, switch accounts with one click. Just click on the amount of your account in the upper right corner of the platform and select the type of account. Demo account is displayed in orange, real account is displayed in green.
- Demo account
For new traders, experts advise using a demo account. IQ Option demo account has a balance of $10,000. The training account is not limited in time, and you can replenish it when necessary.
To work with financial instruments, there is a safe way to practice — demo accounts. The interface of a real account is the same as on a demo: asset charts, transactions, limit orders, technical analysis. The difference from a real account is that profit and loss are virtual. Trading on a practice account is completely devoid of financial risks, as well as the opportunity to earn.
- Real account
When you are ready for real trading, you will need to fund your account. To do this, log in to the platform and click the "Deposit" menu. A real account can be opened with a minimum amount of $10.
- VIP account
In addition to regular trading accounts, the broker IQ Option offers to open a VIP account, which allows their owners to receive additional services, and these are VIP webinars, a personal manager, accelerated withdrawal of earned funds, and the like. In addition, the owner of a VIP account has the opportunity to receive an increased percentage of profit from binary options transactions. To become a VIP, you need to replenish your account with a certain amount. The exact amount can be found in the customer support team at the time of registration.
It is worth saying a few words about verification. This is a mandatory procedure that must be followed. It consists of Identity Verification, which includes Address Verification and other data that is easy to provide. Such a check excludes the use of the platform by fraudsters or the creation of several trading accounts by the user. If you have any questions, you can always contact the support service, which works really quickly.
So, you have registered, opened an account and the platform is in front of you. The trader notes that it is comfortable to work on the platform and the functions are located so that they are easy to find. The broker has developed free trading apps for all devices.
The application for a computer is the most popular among daily trading, as it provides the most convenient chart scale. Also, the application has the most complete functionality, compared, for example, with the web platform. You can download apps for Windows or MacOS for free from the app store or the broker's website.
The mobile phone application contains the same functionality as the PC version. You will also be able to set up charts, select assets and get news. Just download the mobile application for Android or IOS and trade at your convenience.
Immediately after registration, the user is redirected to the web platform. It has limited functionality. For example, not all technical indicators are available. At the same time, you have all the basic functions, for example, you can make transactions, replenish your account, etc.
Try it right now. It's free. When you get to know the platform on a demo account, you can decide whether to deposit and for how much.
The IQ Option trading platform is the broker's own development and is being improved. Therefore, periodically, when entering the trading floor under your login, you can see a message that a new indicator or a new asset has been added.
The features of the platform include the following features:
It contains over 40 trading videos to help you get started in your trading career. Learn with a forex broker!
Technical analysis requires practice and tools. After registration, you can use this analysis to identify the trend and build strategies. It includes:
- Choice of 4 charts (linear, bar, candle and Heiken-Ashi). For candle and bar charts, you can set timeframes ranging from 5 seconds to 1 month, which will allow you to analyze the asset in the desired time period. Quotes are updated in real time.
- More than 90 indicators (Moving Averages, Bollinger Bands, MACD, On balance volume, etc.).
- Graphical tools (4 types of lines, as well as Fibonacci lines).
It is presented in the form of news and economic calendar. You can view the most important news and analyze the situation without leaving the platform.
Stop Loss, Take Profit, Trailing Stop will help you in your strategy and risk limiting. A pending order will allow you not to follow the market, but to set the price at which you want to buy an asset, and the transaction will open automatically.
To start trading and use all the features, simply make a deposit. The broker provides a wide range of deposit and withdrawal methods. This is a bank or credit cards, electronic money, banks, etc.
To deposit funds, you go to the appropriate "Deposit" menu on the platform, select a payment system, then specify the amount and currency. Check all the data and if everything is correct, the payment will go to your account. The terms are indicated next to the replenishment method. This usually happens instantly. Important! You can change currency of the account only once, at the first deposit. You can choose the local currency, dollars or euros.
The minimum deposit to open a trading account is only $10. Start with a small amount, and gradually increase the deposit as you gain experience.
The withdrawal scheme is very similar to replenishment. You select the "Withdraw Funds" menu in your personal account, select the withdrawal method and the amount. If you choose a card, then do not forget to fill in all the data in order to pass Bank Card Verification. It is important that you can withdraw funds through the same payment method that you used when replenishing. If this is not possible, please contact support. Minimum withdrawal is 2$.The money will be credited to your account in 1-3 business days.
The broker reserves the right to charge trading fees in some cases. You should definitely be aware of these conditions in order to minimize them and make your trading more profitable.
- Swap fees in the amount of 0.01% to 0.5% and in exceptional cases up to 1.7% of the nominal value of the position for transferring the position to the next day.
- Inactivity fee. If you do not make any transactions on the platform for 90 days and there is some real money left in your account, the company may withhold a fee of 10 euros for maintaining an inactive account, but not more than the total amount of your trading balance.
- Currency conversion fee of 1% per transaction (i.e. deposits and withdrawals) when converting from or to your trading account currency and payment processing currency.
- Commission for withdrawal of funds 2% is charged starting from the 2nd (second) withdrawal of funds by the client in the calendar month.
Bonuses and promotions
In addition to the trading function, the broker also implements other features. The company regularly holds promotions and webinars. It can be bonuses or tournaments among registered users.
IQ Option periodically dilutes the trading days of traders with contests with cash prizes. at the same time, the participant's deposit is quite small, it can be about 2-5 dollars. Tournament lists are updated frequently, so you can always keep track of the latest tournaments on the site and in your app. Get involved, it's very exciting.
One of the new projects that involves making money on an affiliate program is IQ Option. This resource has already established itself as a reliable partner service that allows you to earn real profits. Making money on an affiliate program from IQ Option is quite simple. To do this, it is enough just to be able to describe to a potential client all the benefits of working with a broker and correctly place advertising materials on those resources where there are a fairly large number of interested parties. For each registration or deposit you will receive a reward.
The broker's technical support service is developed at a very decent level, which allows almost any user to get access to the necessary information, advice and other similar nuances. The support service employs competent specialists with relevant experience. This allows you to speed up the resolution of almost all contentious issues. For example, the user has questions related to depositing an account, withdrawing money, the operation of the trading platform, and everything else. Then you can one of the proposed ways to seek support from specialists. This can be done via email, telephone and online chat.
The fastest way to get a response to your request is live chat.
- Address: Hinds Building, Kingstown, St. Vincent and the Grenadines.
- If you need to describe the issue in more detail or attach a screenshot, you can use the mail firstname.lastname@example.org.
- Call IQ Option anytime on +13468009001 English line.
Pros and Cons
|Low minimum entry threshold from $10||Verification required|
|Advanced trading platform||Restrictions in the choice of expiration|
|High percentage of payments for successful transactions - up to 95%.|
|Free demo account|
|Wide range of trading tools|
|Many payment methods|
|Transactions from 1$|
|Large selection of tradable assets|
|Ability to conduct technical analysis|
|Applications can be downloaded for any system for free|
|Various promotions and competitions for traders with prizes|
|The platform has a user friendly and customizable interface|
Alternatives to IQ Options
There are many trading platforms in the market today. This fact can confuse many beginners, because it is not immediately clear whether a broker is trustworthy or not. First of all, choose time-tested brokers, a good indicator is their own application, high-speed support service. You can also recommend the following brokers that work in the binary options and CFD trading industry: Quotex, Olymp Trade, Binomo, Expert Option, Pocket Option, Exnova.
When trading with the financial products, do not forget the General Risk Warning: trading is characterized by high risk of losing and can lead to the loss of your funds. Never invest more than you can afford to spend and follow risk management rules. Good luck!
Is IQ Option a scam?
IQ Option is an honest broker. Over the past few years, this company has taken significant steps to meet the trader. There are advanced tools for chart analysis, new training materials, and the support service works instantly. In addition, the broker does not belong to the black list of companies that deceive clients. And this is another argument in his favor.
Is IQ Option legit?
Yes, the broker has the right to provide its services via the Internet. IQ Option has been operating since 2013 and values its reputation. Full legal information can be viewed in the public domain on the company's website.
Is IQ Option safe?
Yes, you can trust this brand with your transactions. All transaction and personal data is encrypted. The company complies with the general regulation on the protection of consumer data and during the work there were no incidents associated with a security risk.
Can IQ Option be trusted?
You can trust IQ Option. The broker operates all over the world and values its reputation as a reliable partner. Traders successfully withdraw funds on demand and have been using the services of a broker for almost 10 years. Join and you become part of the trading community!