There do not appear to be any bonuses offered by IQ Option to its clients, this broker does, however, offer a VIP account with some extra perks and advantages. Their trading software is advanced yet intuitive enough to be accessed by novice traders, and their customer support is impressive, operating 24/7. There are, however, a very limited range of options to select from with only around 20 available.
IQ Option is a rapidly growing online binary options broker that offers many excellent features for its clients. An especially good choice for novice traders, this broker offers incredibly low minimum deposits as well as some excellent educational resources and the opportunity to experiment with the platform thanks to a free of charge demo account.
Established in 2013, IQ Option is a CySEC licensed and regulated broker offering its clients complete peace of mind thanks to segregated client accounts. With profitability levels of up to 90%, this reliable broker has won numerous awards for its quality of service including those for best mobile platform, fastest growing binary options brand and best binary options broker. Today this broker boasts over 14 million client accounts, however unfortunately, clients from the USA are not accepted.
IQOptions only offers around 70 assets which is quite limited when compared to many rival brokers on the market.
Their list of assets includes:
Bonuses & VIP programs
Although IQ Option do not seem to offer any welcome bonuses for new clients or promotions for existing customers, there is a VIP account available for high level clients. VIP clients can benefit from access to VIP tournaments as well as 5% high yield assets, a personal account manager and access to locked VIP access only educational resources.
IQ Option have provided online trading software which is 100% web based and therefore there is no need to download or install any memory intensive programmes to a PC or laptop. The trading interface can be accessed from any place and at any time from any internet enabled device. However, to further facilitate trading on the move, IQ Option have developed a free of charge mobile app for Android devices which can be downloaded from the Google Play Store and for iOS devices which can be downloaded from the Apple Store. This advanced mobile app allows access to all assets from the palm of your hand as well as convenient access to all trading platform features.
Deposits and Withdrawals
There are plenty of convenient banking options available from IQ Option allowing clients to easily deposit funds into their account or withdraw money with ease. The available methods include:
- Visa Electron
- Bank Wire Transfer
The minimum deposit amount to open an IQ Option account is extremely low at just $10 and no commissions or fees are charged on any deposit or withdrawal except those carried out via bank transfer.
Funds can be withdrawn quickly and easily via the client account portal and withdrawals are processed within 24 hours Minimum withdrawals are as low as $2 and the maximum withdrawal amount $1,000,000 per day.
IQ Option are committed to offering high quality customer support, and therefore they have 24/7 access for clients to their customer service team. The support centre can be contacted at any time via email or alternatively through one of the many multilingual telephone support lines which are based in the following countries:
- South Africa
There is also a helpful frequently asked questions section on the website which offers instant responses to all of the most commonly posed questions.
Extra Features and Resources
IQ Option offers a number of high quality educational resources to benefit its clients. These include video tutorials on a range of helpful subjects to increase traders’ subject knowledge and to boost their chances of trading success. IQ Option also offers clients the opportunity to open a free of charge demo account to allow them to experiment with the trading platform and to try out new strategies without any personal financial risk. VIP clients can also benefit from a number of locked educational resources which are only available for high level traders.
IQ Option is a forward thinking broker which has a lot to offer potential clients, whether they are a high level VIP client or a brand new trader. There are, however, some negative points to bear in mind when considering choosing this broker.
- Cutting edge trading software that is suitable for use by both experienced and novice traders
- 100% online trading interface requiring no installations or downloads
- 24/7 customer support via email and telephone
- Multilingual support
- Choice of convenient deposit methods including popular e-Wallets
- Fast processing of withdrawals
- Mobile app for Android and iOS devices allowing trading on the go
- Very low minimum deposit of just $10
- Very low minimum withdrawal amounts
- VIP account for high volume traders with excellent benefits
- Free educational resources
- Extra educational resources for VIP clients
- CySEC regulated and licensed broker for peace of mind
- Award winning reliable broker
- Opportunities to take part in trading tournaments
- Free demonstration accounts
- Limited range of available assets
- Does not accept USA clients
- No bonuses available for new or existing clients
I am new to binary options trading, is IQ Option a good choice for me?
If you are brand new to binary options trading, IQ Option represents an excellent choice of broker for you. When compared to most other brokers, IQ Option require an extremely low minimum deposit of just $10, and this makes trading accessible to even the newest of investors. Trades begin at just $1 too, and this means that novices are able to control their risk when participating in their first few trades. As IQ Option also offers free access to a demo account, this allows potential novice traders to try out the trading platform free of charge and to learn the basics of binary options trading without any risk to their own money. There are also free educational resources available through this broker which allow novices to learn more about the basics of investment and to develop a further knowledge that will enable them to further their success.
Can I get support whenever I need it from this broker?
IQ Option are committed to providing a high level of customer service to its clients, and to that end they have a 24/7 customer support team that can provide knowledgeable advice and rapid assistance. Although there are no instant contact methods like Skype or Live Chat, the telephone helplines are open 24 hours a day, 7 days a week and are located around the world, offering multilingual support to suit the needs of global clients.
Is my money safe with IQ Option?
Clients who have concerns over the safety of their funds need not worry when they choose IQ Option as their preferred binary options broker. As they are licensed and regulated by CySEC, clients can have complete peace of mind. All client funds are kept in segregated accounts and all financial transactions carried out through the broker’s website are protected by strong, technologically advanced SSL encryption.
Can I use e-Wallet methods to deposit funds with IQ Option?
IQ Option offers a number of convenient deposit and withdrawal methods for the benefit of its clients, whatever their payment preferences. For those who prefer more traditional options, they can choose from bank wire transfers, credit or debit cards. Those who prefer contemporary e-Wallet methods, however, have the option of choosing to use Neteller, Skrill, Webmoney or Sofort.
Can I trade with IQ Option using a mobile device?
As all of IQ Option binary options trading software is 100% web based, it can be access at any time, in any place from any internet enabled device without the need for installations or downloads. However, to facilitate trading on the go, this broker has also developed a free Android and iOS mobile app which offers seamless access to trading accounts from smartphones or tablets.