Is IQ Option safe
What is IQ Option?
IQ Option is a reputable financial company with a worldwide reputation. The company began its activity more than eight years ago and during this time has established itself on the good side. Today it is one of the most chosen brokers for making money on trading, which provides clients with access to the markets for forex, cryptocurrencies, CFDs, etc. Thanks to the consistently high quality of service, favorable terms of cooperation, and the professionalism of technical support managers, today the number of IQ Option clients around the world is only increasing. Working with the company is profitable, and this is evidenced by the huge number of registered users, try it and you are absolutely free.
Special attention is paid here to following modern trends in the development of trading: the trading terminal is being updated, which is one of the best such solutions on the market, a convenient mobile application is available, a user-friendly interface in which everyone can understand. The company does not stand still, it constantly develops, provides customers with new opportunities.
On IQ Option, a functional terminal is available on various devices, including the ability to download a mobile application for free, which will provide constant access to the market, regardless of where the user is located. The broker's informative website will also allow you to improve your skills by studying high-quality educational materials. There is an online chat for traders to communicate, an economic calendar. In order to make Forex trading even more profitable for the broker's clients, users are provided with comprehensive professional support, such as: current market news, newsletters, etc. It is worth noting that analytics, training materials, tool reviews, and free videos are available on the broker's website, which will allow you to feel more confident when trading on a real account.
IQ Option does everything to make cooperation with a trader comfortable. Like every modern brokerage organization, it provides the opportunity to work on a free replenishable demo account - a real market simulator that is no different from a real account.
The only feature is that the client trades with virtual money, the broker provides him with $ 10,000 for this. Using this account, you can explore the platform options, test the operation of indicators, strategies, and try to place bets. Of course, one of the important advantages of a demo account is that it is a factor of trader's confidence in relation to the broker. In addition, such an introductory account helps the trader feel more confident in trading. In order to use the IQ Option demo account, you just need to go through a quick registration on the broker's official website, and if your demo account runs out of virtual credit, you can replenish it in order to continue the practice.
When you create an account, two accounts are already opened for you: a practice account for training and a real account for real trading. To start trading on a real account, simply fund it by clicking on the "Deposit" button in the upper right corner. It is worth noting that transactions on the platform are carried out from 1 dollar.
The minimum deposit amount on IQ Option is only $10.
Replenishment of a real account can be carried out in different ways, and funds are credited almost instantly.
Following the latest trading trends, IQ Option offers its user convenient contracts for difference (CFDs), which are available to both forex market players and those who invest in cryptocurrency. The peculiarity of CFD trading is that the trader receives income not on the purchase of any asset, but on fluctuations in its value. At the same time, it doesn’t matter whether the price of the instrument rises or falls, the speculator makes a profit both in the event of a fall and in the event of an increase in value. Such contracts allow trading, but not acquiring an asset, respectively, the user does not pay taxes for transactions and does not deal with documents. Today, CFD contracts are a profitable way to earn a decent income even for those who do not have enough funds to enter the market. CFD trading provides for the possibility of using a multiplier, which helps the trader to control a position that exceeds the amount of money invested in it. At the same time, the potential profitability increases many times over, as well as the risks. By investing $100, a trader can expect a return comparable to that of a $1,000 investment. This is what makes a multiplier so valuable. However, it should be remembered that potential losses also increase in the same way.
IQ Option provides its users with leverage. This service is a loan in the form of cash. To trade with leverage, you need to understand what it is and why we need it.
Leverage is the ratio of borrowed capital to equity.
What gives trading with leverage? The main thing is that it allows you to increase the potential profit several times.
The essence of margin trading is that lending is secured and this security is always with the broker. The margin level shows the state of your account. It works as an indicator of the profitability of current transactions and signals the need to close unprofitable positions.
Can IQ Option be trusted?
Of course, you can trust the company, this is confirmed by the numerous number of customers, which is increasing every day, and also work experience also speaks volumes. Cooperation with the organization guarantees the security of information and funds, the stable operation of the platform, high earnings on trading the most liquid crypto assets and the quick withdrawal of capital. Investing with IQ Option is legal and safe. Also, technical support for customers is always in the public domain, it is available around the clock, that is, if any questions arise, the user receives the answer in solving any problem as soon as possible. Therefore, customers can be sure that all their requests will be given answers, no matter how complex they may seem. The platform has a high class of service and a lot of opportunities for users who consistently attract new customers to it.
IQ Option is safe for all users of this online platform.
The platform has received and continues to receive numerous awards for innovation and user-friendly interface, this is not surprising because the functionality of the platform does not stand still and is constantly being improved.
IQ Option has several licenses from serious market regulators, which makes cooperation with it reliable and secure, and guarantees that disputes with traders will be fairly resolved.
Can I use the platform for free?
Of course, you can use IQ Option absolutely free of charge, the company does not charge its customers any commissions at all for use or installation. Trade here is carried out on a daily basis. The user can easily find special lessons on the platform designed to clearly show beginners how to carry out various kinds of actions. And as an option, you can use the glossary and many articles that are available on the platform in order to help in solving any issues that are related to trading. If you encounter problems of any nature, you can always contact technical support for help.
Can my account be blocked?
IQ Option, like any company, has a set of rules that traders must follow. The purpose of these rules is to protect the client and the company, as well as provide traders with the highest quality service. Therefore, violation of the conditions can lead to such consequences as closing and / or blocking the trader's account. Traders who follow the rules of the platform and do not violate the conditions do not have such problems with their accounts.
Why are accounts blocked?
- The trader uses other people's payment data to deposit funds and withdraw them from the platform. To prevent money laundering, it is essential for traders to use their own cards and e-wallets;
- When the account owner intentionally provides false information about their personal data. For example, this can happen with a minor client who has set a different date of birth, or with people who register accounts with the names of their family members/friends;
- When a trader refuses to provide their documents for account verification and identity verification;
- When the financial department of IQ Option notices suspicious transactions on a trader's account. In such cases, the company blocks the account and asks the owner to confirm the transactions;
- When a company discovers multiple user accounts.
The client has the right to register only 1 (one) real account with the company.
Thus, the company reserves the right to block accounts for violation of its policy.
Is it safe to provide my documents and credit card numbers for verification?
The answer to this question will be yes, meaning that all documents uploaded to IQ Option are available to certain reviewers. The company operates in accordance with the standards, so all information and documents are used and stored in accordance with the regulations.
Is IQ Option safe? IQ Option is an absolutely safe broker, as the company pays great attention to the reliability of its activities and operates strictly in accordance with prescribed regulations.