IQOption Review

Trading Platform

The IQ option trading platform was last updated in 2015. It has a very unique interface with high contrast graph thus can be viewed from a dark screen. The graph charts are updated live and thus very friendly to new traders. Located on the right above the payout percentage is a slider that can easily be dragged that is responsible for increasing your profits. The least amount that can be traded is 1$, traders can also get an overview of assets, top performing traders, and news. The black background can easily be changed to white by clicking on the moon- shaped symbol on top of the page.The IQ option has around 73 trading assets.

The trading instruments in terms of stocks include; Chevron, China Mobile, Deutsche Bank, Cisco Systems, Coca Cola, Daimler AG, Deutsche Lufthansa AG, CitiGroup, China BAK Battery Inc, E.ON, Fiat, Ford, Gazprom, Facebook, General Electric, Goldman Sachs, Google, General Motors, HSBC, among many others. There are also various currencies in which one can trade with such as EUR / USD, USD / CHF, AUD / CAD, GBP / USD, EUR / JPY and many others. The trading indices include FTSE 100, DAX, Nikkei-225, CAC 40, Dow Jonesand S&P 500. Traders can also use commodities like silver and gold.

Mobile Trading

The IQ option mobile app is one of the best in all the 45 countries. It has a number of amazing features, which enable traders to trade at any time and any place. It is very similar to the normal trading system thus one can trade via mobile phones throughout. It is available in iOS and Android versions, and traders can download it from Google play or App store.

Account Types

There are only two trading accounts offered by IQ option. The top level account requires up to $1000 deposit amount which is very low when compared to other brokers, however, the rewards are the same. Therefore, the broker site caters for new traders and traders with very little money. One of the accounts found in the IQ option is the real account; it requires a starting minimum deposit amount of $10. The real account is easily accessible and guarantees higher rewards than the entry level accounts or even medium level accounts of other brokers.

There is also the VIP account which requires a minimum deposit amount of $1,000. The deposit bonus can be increased to 100% through this account. A personal manager is provided for VIP account traders, and an IQ option’s expert who is responsible for analysis of your monthly trading success.

Bonuses

There are several benefits in terms of bonuses that new traders can leap from opening an IQ options broker account. There is the $10 minimum deposit, which is suitable for traders with very little money, the 1$ Min Per trade which enables traders to start trading with small amounts of currencies and stocks and then increase as time goes by. The first deposit is matched by 27% and is available where traders with an amount less than $100 is awarded a 27% reward, while an amount in excess of $5,000 is awarded 100% bonus.

You will also get a demo account which is free. Additionally, a Virtual Education System is availed. In addition to all that the broker site has more than seventy assets which traders can trade with. As a trader you can also choose the lucrative assets, indices, commodities, stocks and currency pairs.

Demo Account

There is a demo account available for traders who would wish to first practice. The demo account has around 13 trading assets with limited trading opportunities. It is available at all times and easily accessible thus you do not need to contact the support system.

Support

It has a multi-lingual customer support team, who can be contacted at any time of the day. They are available through emails, and telephone calls.

Reliability

The IQ option broker site is very reliable. This is proven by the fact that it received an award for reliability which was presented to them by the MasterForex- V. They were termed as the most trusted binary options broker. As such their customer’s funds are highly secured.

Pros and Cons

The pros include; attractive prizes that are offered in binary competitions, extensive list of assets to trade, availability of a free demo account, very high returns offered, requirement of low deposit amounts, extensive bonuses of between 20%- 200%, and intuitive trading platform. There are several cons, such as; the trading platform has some bugs and also takes a while to respond at times, and the limited choices of trading assets for serious investors.

Conclusion

The IQ option has thoroughly dealt with their site including their details. It has grown to be the most popular among all other broker sites and one of the most trusted broker sites. It offers very clear and unique features.