BEST CFD BROKER
Minimum Deposit: $10
Max Leverage: 1:1000
Trading Commissions: 0%
Regulated: CySEC and FSA Seychelles
Market Asset: 200+
Customer support: 24/7, Multi-languageDeposit Fees : 0
IQ Option was formed in 2013 by IQ option Ltd. IQ options Europe Ltd, a firm which is operating for a long time in financial services based in Cyprus facilitates operation in the European Economic Area (EEA).
Initially, IQ option was formed only for derivative trading of binary options which was serving worldwide. Iq option maintained its reputation when all other brokers lost their quality in this binary field by serving the customers best with regulation, and security for the customers’ funds. They proved it with many awards worldwide as the Best Binary Broker.
Now they introduced Contract for Difference (CFD) trading and in few more days, they will launch their Forex on margin trading. We will notify you once it is available in the Iq Option.
CFD and binary options are available now for both beginners and experienced level traders with a $10 minimum deposit, more than 300 tradable assets. IQ Option has added up a feature of Margin Trading from 2020, providing a world-class trading experience through the website and mobile-based applications. We will discuss further their Regulations, Trading platforms and more.
Image 1: Awards won by IQ option.
Regulation and Trustability
IQ Option based in Cyprus was formed in 2013 as Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Limassol, Cyprus. Authorised and regulated by Cyprus securities and exchange commission (CySEC) as Cypriot Investment Firm with CIF license #247/14.
Best in service with binary options and now serving its clients and new investors with CFD and providing all major assets in the market.
IQ Option is registered under the company name IQ Option Europe Ltd is accessible exclusively for European Economic Area (EEA). Because IQ Option Europe Ltd differs in regulation and security provided for customer funds. The clients outside EEA are served by IQ option Ltd located in Mahe, Seychelles and it is regulated by the Seychelles Financial Services Authority(Seychelles FSA).
As a member of the Investor Compensation Fund, iqoption protects its clients’ claims in the event when a broker is not capable of fulfilling their financial obligations. This scheme is protective up to a maximum of €20,000. There are Segregated accounts available for the Clients’ fund. These are basic features nowadays required for the brokers to build trust in investors mind, obviously, iqoption does that.
Over $1.3 million trading volume per month, nearly 50 million active users in current compared to the 1 million on 2014. Over $20 million in withdrawal per month proves how familiar the iq option is with its clients.
A long healthy track with customers builds the trust score among the customers. This proves IqOption as a safe and suitable platform for all level of traders.
Investment, Products, and Instruments
IQ Option offers a vast variety of trading products which are,
- 25 Forex pairs (CFD),
- 180 Stocks (CFD),
- +35 Cryptocurrencies (CFD),
- 4 commodities (CFD), and
- 23 ETFs (CFD).
Leverage on Forex pairs is available up to 1:1000 and the minimum investment is $20. Stocks leverage range up to 1:20, no trade opening fees, and many stocks are listed from NYSE and the NASDAQ.
Cryptocurrency leverage of 1:100 is available on the platform. Cryptocurrency Multipliers is another great innovative feature from iqoption. Initially, it started with Bitcoin×100 which was highly appreciated and utilised by the traders.
Then Cryptocurrency Multipliers was extended to Ethereum, IOTA, Ripple and others by different quantities (×20, ×50 and ×100) which pays the trader with huge returns and OTN (Open Trade Network) or token to redeem in the platform itself. (The same applies to higher risk).
Considering the customer’s views and requirements, the IQ option adds new products every time they can.
Options
IQ Option still serves Binary Option at its level best and this can be accessed only for the customers outside the EU. The trade here have an expiry range from 1 minute to 1 month, and the customers should be very clear on choosing expiry time, asset and volume in it.
Forex Options
Designed especially for clients from EU (EEA) which is similar to binary options with Potential profit, Risk fixed and defined upfront. Forex options payouts will reach up to 2000% with a minimum trade of $30.
Digital Options
The Digital options allow speculations on the price movement of the financial assets. Its minimum investment is very low in the market to $1, Expiry times from 60 seconds to 15 minutes and its payout go to 900%.
Image 2: IQ option explains the different CFD trading instruments available to trade on its website.
Trading Platform
IQ Option provides an award-winning sol designed trading platform which is user-friendly which supports 13 languages.
Highly built with modern technical features and trading tools like multi-chart layouts, technical analysis, economic calendars, historical quotes, stock screeners, market update and volatility alerts. The Feature of the large chart on the trading page gives the best view of markets to its clients.
IQ Option trading platform serves customer in the best way by providing 18 different timeframes from 5 seconds to 1 month, 4 different chart types which are Hollow candles, bars, lines and Heikn-Ashi, 5 graphical tools, Fibonacci lines, horizontal lines, etc.
Technical indicators which are useful for the trader to identify and monitor trends are also available in iqoption. Some major technical indicators available in Iqoption are Alligator RSI, Belkhayate Timing, DPO, KDJ, Ichimoku Cloud, CCI, ADS, Fractal, ATR, Awesome Oscillator, Parabolic SAR, Stochastic Oscillator, Moving Average, MACD, Bollinger Bands, etc.
Image 3: A screenshot from IQ option website explaining about its features.
The Major Order Types iqoption provides are,
- Stop Loss Order – Fix a maximum amount of loss for a trade, the trade will close immediately when the price falls to the amount fixed.
- Take Profit Order – Fix the amount of profit, the trade will close when it reaches the desired profit.
- Pre-Order – fix the price to open trade automatically.
IQ option terminologies are different from basic terms which are used in trading, such as ‘when profit is’ and ‘when loss is’ instead of ‘take profit’ and ‘stop loss’ respectively.
IQ Option trading platform is accessible via web and downloadable which works on both Windows and Mac operating systems. Some functionalities are limited and challenging compared with downloadable platforms such as MetaTrader and CTrader which is in use globally.
The downloadable version of the trading platform works in Windows and the system requirements are Windows 7 with 4 GB Ram and hard disk space of 130MB. In iOS, 74MB space is required and it works well in all updated versions of iOS.
Mobile Trading
IQ Option has the best mobile trading application designed well for both Android and iOS. Faster execution, Clear monitoring system are key points in it. As we are in the modern age and have all the benefits in our palm, this IQoption trading application helps us to achieve the same in trading.
The mobile trading application provides all market assets like Forex, CFD, and Cryptocurrency. It also allows the traders to access charting tools, set alerts and trade status through notifications.
Account Types
IQ Option serves two types of accounts to its traders, namely, Standard trading account and VIP trading account. Choosing the account type depends on the level of investment. Customers can register with simple input details to open an account and they need to verify it for further process.
As you know that iqoption is the best minimum investment broker in the industry, you can start with a $10 deposit Standard Account and can access all the features available in the platform over 350 assets without any restriction. The Minimum trade that can be placed in IQoption is $1.
Clients who made a deposit of more than $1,900 and hit a trading volume of $15,000 are eligible for a VIP trading Account which have more benefits than a standard account. A dedicated account manager who will assist in trading and monthly reports in one click.
The Demo Account has a Virtual balance of $1000. It has well-designed features for beginners as well as for experienced ones. Beginners can use this as a benefit to test their skill by Analysing the market, Executing the trades and understanding their ability without losing their real money in it.
After practising in the iq option demo account, traders can trade live by opening a real account. Iqoption gives this Demo account for all traders without any demand like filling in credit/debit card information or verification. This makes Iq option favourable for beginners. An experienced trader too can use this demo account to check their strategies and techniques.
Fees, Commission, and Bonus
IQ Option supports several methods of deposit and withdrawals, including Debit Cards and all types of Credit Cards, E-wallets like Neteller, Skrill, Perfect Money, Web Money, Cryptocurrency Wallet and the Bank wire transfer. Funding the account can take place when opening an account but you should verify your account with basic information before placing a trade.
There is no deposit fee in the iqoption and also for the withdrawal. But $31 will cost you if withdrawal is applied through bank transfer to cover the bank charges.
Spread is the price difference between the bid and ask price. Spread will vary based on Asset, Volatility, Liquidity and Trading hours. The swap fees (fees for positions held overnight )is from 0.1% to 0.5% and it will cost more if the position held over the weekend.
If the account is inactive and has a balance in it for more than 90 days, this account will be considered a Dormant Account and a fee of $10 will be charged from this Dormant account.
The commission is only applicable only in certain cryptocurrency trades and equivalent to 2.9% per trade. The withdrawal process will take place in a daytime if it is applied through an E-wallet, whereas withdrawal via other methods like Bank transfer and Credit card will take 5-7 business days.
Trading Competition will be held every week that allows the trader to participate with a very minimum entry fee and high excitement returns like prizes range from $100 to $100,000. Both the Standard and VIP Accounts can participate in this IQ Option’s weekly trading competition for long-term and short-term. Here VIP account will get additional benefits like free participation in the competition and 3% additional returns.
Customer support
24/7 support with Chat, E-mail and Telephone is available in Iqoption. From tradingcritique.com Customer’s Survey, Iqoption performs well in Customer support. Multi-language voice support makes the traders feel at home and helps to convey what they need and get resolved in time.
Online chat is available on the website itself which will be initially working with the auto bot to answer basic questions and it is overlooked by experts to serve better after the bot.
Email Support: support@iqoption.com
Phone: +44 208 068 0760, +351 882 880 034, +34 90 086 16 12.
Education and Research
IQ Option offers a wide variety of education and research tools including an Economic calendar, Earning calendar and information about each stock in detail. Articles from Wall Street Journal, Kitco and Market Watch are listed in the Newsfeed of IQoption.
Traders can access information about the individual stocks, including fundamental information like the profile of the company, analysis of earnings, chart, and recent news.
Image 8: The News Feed section available on the IQ option website.
Blogs in iqoption have a separate landing page called ‘BLOG’ and it will give all the day to day information in all verticals to the traders. Iqoption provides a large variety of trading video tutorials which helps and explains all the features available to all level of traders.
