The Best Binary Options Broker 2020!
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
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Only For Experienced Traders!
IQ Option Withdrawal – Best Way To Do Withdraw Money In IQ Option
IQ Option is one of the best Binary Options Brokers currently present in the market with best customer support. If you have done a deposit of money in IQ Option then you will be required to do withdraw money from your IQ Option account. So today we will talk on IQ Option Withdrawal and learn what are different ways to do IQ Option Withdrawal and also see the different question that arises while doing IQ Option Withdrawal.
- IQ Option withdrawal options available
- How to do IQ Option withdrawal?
- When do IQ Option withdrawal?
After getting the answer of all this question you will able to get most of your doubts on IQ Option withdrawal.
IQ Option Withdrawal Option Available
IQ Option gives you 3 different ways to do withdrawal process as per your convenience. They are as following
- Bank Transfer
- Credit/Debit Card Withdrawal
- E- Wallet Withdrawal
1) Bank Transfer:-
We do not prefer you to do IQ Option withdrawal with Bank Transfer because they have many problems with it. They are.
- First but not the last the time taken by doing Bank Transfer it take almost 45days to reflect the balance in your bank account which is a too much long period of the withdrawal process.
- Second is the fee which is taken from you if you do a Bank Transfer. They take $53 as a commission of doing a Bank Transfer. So most of the Traders avoid using this option as it cost more in his pocket. There are other options available then not to use it rather than spending $53 as commission.
Beside this disadvantages still, some people prefer this option to do IQ Option withdrawal because of some reasons. They are as following
- Some country has strict Money Laundering laws and If you have done deposit with Bank transfer then you will be forced to Bank transfer during the withdrawal process.
- After you have done deposit with bank cards then you can withdraw only that much of amount which you have done during deposit. For example, if you have deposited $100 and won $500 then you can only withdraw $100 in your bank card other amount you have to withdraw with other available option.
2) Credit/Debit Card withdrawal
Credit/Debit card withdrawal option is always the first choice of any trader who does IQ Option withdrawal. This is because it is very fast and money directly comes to your bank account without any kind of hidden fees. It generally takes 3-5 days to reflect withdrawal amount in your bank account.
There is also cons of this withdrawal method as you can withdraw that much amount only how much amount you have deposited with your bank card.
3) E- Wallet Withdrawal
E-Wallet is also popular among IQ Option traders as it is quick among all other option available in IQ Option. According to IQ Option money will be transferred to your account in 3 days but actually, it only takes 1 Day to transfer to your e-wallet. So it is very quick and most easy way to do IQ Option withdrawal. There is also no any kind of fees attached to it. IQ Option supports Neteller, Skrill, and WebMoney to do the withdrawal.
We do not prefer you to use Skrill as withdrawal option due to it worst service is given to their customers. This is because they are doing scam with people by taking extra fees then mentioned during bank transfer. So we recommend you to use Neteller as your e-wallet to make IQ Option deposit.
IQ Option Withdrawal In India/Other Country (Credit/Debit Card Blocked)
Many of our users have faced problem while deposit money in IQ Option with their Credit/Debit cards. Here is the solution to deposit Money in IQ Option in India. You need to follow this steps to deposit money in your IQ Option account.
- Make an account in Payza .
- Make an account in Magnetic Exchange .
- Make an account in Neteller .
- Verify all above accounts.
- Then go Magnetic Exchange and select Neteller USD to Payza USD.
- Then you will be required to enter your Payza account details and Neteller accounts details with the amount you want to transfer to your Payza account.
- You can see I have already an account and I have also exchanged my $1669 with this service. So don’t worry it is 100% legitimate service. It will take some fees as a charge but this trick works. It take just 1 minute to transfer your money to PayZa account and it is 100% secure, You can see that I have already withdrawn $1669 from this service.
How To Do IQ Option Withdrawal?
IQ Option withdrawal process very simple and easy. There are only 3 steps you need to follow they are:
- Login to you IQ Option account.
- Open withdrawal page of IQ Option by clicking on your account setting tab.
- Choose your desire IQ Option withdrawal method to withdraw money. Then just enter amount how much you want to withdraw money from you IQ Option account.
Then it takes time as per your IQ Option withdrawal method you have chosen to withdraw money from your IQ Option account. It takes 24 hours for E-Wallet, 3-5 Days for Credit/Debit card and 10 days for Bank transfer.
The Best Binary Options Broker 2020!
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sing-Up Bonus Now!
Only For Experienced Traders!
When To Do IQ Option Withdrawal?
This question will be not so much important for those traders which are new to IQ Option. But it really matters for those who are for quite a long period of time with IQ Option. This is because new traders often withdraw their money as they have made a profit. But you should not do this due to this reasons:
- Trading for fun then you can withdraw your money quickly. But the question must arise if you want to do trade for just fun then why you have opened a real account you do trade in demo account risk-free.
- For those who want financial independence and want to make enough money from IQ Option. They should wait till enough money is gathered in your account.
New traders must always ask a question in their mind whether they want it long term or it is only for short term. If it is for short term then you can withdraw quickly if it is for the long term then you need to wait.
All in one IQ Option is a great Binary Options Broker and pay money to their traders in time without fail. IQ Option withdrawal is easy,fast and safe. IQ Option offers Bank Transfer, Credit/Debit card, and E-Wallet service.
You should do IQ Option withdrawal only when you need it. It will save your money and time if you do it weekly or monthly. Professional traders always schedule their withdrawal process which saves their money from extra commission and fees. So IQ Option is best Binary Options Broker and pays in time to their traders.
A Fool-Proof Formula to Easy Withdraw Funds IQ Option
If you are on our home page select ‘withdraw funds’ on the right-hand side panel. If you are in the trade room click on the profile icon and select withdraw funds.
Withdraw funds using trade room
You will be redirected to the withdrawal page. Specify the amount you would like to withdraw.
Minimum and maximum withdrawal amount at IQ Option
The minimum withdrawal amount is two dollars. In order to withdraw an amount less than two dollars, you should contact IQ Option support team. The maximum withdrawal amount is 1 million dollars.
Withdrawal page with card withdrawal tab
For deposits made from bank cards, you should first withdraw your deposited amounts back to your card in the form of a refund. And afterwards, you can withdraw your profit using any other available payment method.
Withdrawal with other payment methods
Withdrawal statuses at IQ Option
Your withdrawal requests and withdrawal statuses are displayed on the withdrawal page. After a withdrawal request is made it receives the ‘Requested’ status for the funds to be transferred to an e-wallet or the ‘Request in process’ status for a refund to a bank card.
Funds will be transferred to your card or e-wallet after the request receives the ‘Funds sent’ status. The request receives the ‘Hold’ status when a client has to provide the documents that should be approved by the company. If a request receives the ‘Cancelled’ status it means it has not been processed and the withdrawal has failed.
Withdrawal request – possible statuses
How long it takes to withdraw funds at IQ Option?
Withdrawal requests take up to three business days to process. Some withdrawals can take longer than you expect as the withdrawal time also depends on the payment service provider and the payment method.
It is approximately one day for e-wallets and up to seven to nine days for banks.
Withdrawal to bank card
There are situations when you are not able to withdraw funds to your bank card. It happens when you didn’t make a deposit from a bank card.
Another reason may be that your withdrawal amount exceeds the amount of your deposit. In this case, you can only withdraw the total amount of your deposits over the last 90 days to your card.
Withdrawal to bank card at IQ Option
And the exceeded amount must be withdrawn to an e-wallet or bank transfer with a fee. If your card is expired, is invalid or doesn’t support the international transactions, IQ Option won’t be able to transfer money to your card.
Have a nice trading experience.
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7 Binary Options
There is a lot to be said for finding a binary options web broker that is safe and trustworthy to trade on.
That is why so many people choose to trade with IQ option; they are simply one of the best web platforms you will ever find on the internet and according to MasterForex-V it is the most reliable binary options broker online.
Their site includes a user friendly trading platform that has convenient drop down menus to guide you quickly to where you want to go on the site.
IQ Option is a site that brings with it a lot of binary options trading experience also; they have been online since 2020 and in that time they have established quite a reputation and provided many users with top quality service. They may be the safest website on the internet to trade binary options with.
One of the main reasons behind their success is the high level of satisfaction from their users; this type of reputation spreads quickly and because of that their clientele has grown steadily each year. That is good news coming from a broker in an industry that in years past was rumored to have websites that were less than honorable and often scammed their clients out of money. IQ Option has done a nice job showing their traders they are trustworthy and reliable website. This article will only back that up further as you read on.
IQ Option Withdrawal System
IQ Option withdrawals are one of the things that highlight just how good a web broker they are. With a host of options as far as deposits and withdrawals go, it makes things easier for their traders to do banking with them.
You can make a deposit or withdrawal using :
- Credit Card
- Wire Transfer
The site operates with a high level of safety and security to keep their investors sensitive information protected at all times. The site also complies with many industry banking standards as well as operating under the guidance of European banking safety rules. Their attention to detail when it comes to banking safety and security only raises customer confidence in the trustworthiness of the site that much more.
Having a withdrawal process that is very user friendly is important to IQ Option also. Withdrawals can be initiated from both the website itself or by using IQ Option’s convenient mobile trading app. Once in your personal account section on the web platform, you simply have to click on the withdrawal menu selection in order to start the withdrawal process.
You simply fill in the blanks on the form where required and then you will be sent an e-mail to confirm the withdrawal process has indeed been initiated. It takes one working day to receive a withdrawal; that is better than average among binary options brokers. It’s your money in the IQ Option account and you should be able to get it back when you want to.
With everything that you have a question or concern about on IQ Option you can always get in touch with their excellent customer service team to get that resolved. They have the knowledge and ability to resolve any withdrawal issues in an efficient and timely way. They will answer your question or concerns in Lehman’s terms so you will fully understand the withdrawal process. This can be also done in several languages which is nice for their many users who come from different places all over the world.
There are hotlines for more than 10 countries for calling directly to the IQ Option customer service center with the numbers provided on the website and get your withdrawal questions answered in a timely and appropriate manner.
The members of the IQ Option customer service team are always ready to help you as quickly as possible and they do it with a smiling attitude. You can be assured that when you make a withdrawal with IQ Option that the money will get where you expect it to be in a timely manner. Once again, all this is done while maintaining some of the strictest safety and security protocols in the industry.
IQ Option Easy Withdrawal Video
IQ Option Convenience
IQ Option options tries to make it convenient for all the traders that use them as their web broker of choice. An example of this is by offering the web platform in 13 different languages from around the world. Although binary options by no means takes a rocket scientist IQ to figure out how to trade them, it does necessitate that you understand the basics of how binary options trading and the financial markets themselves work. Offering the website in different languages helps speed up the learning process.
It is also a website that is designed to be easy to understand and navigate around no matter what your level of experience is using a computer. This helps those that trade with IQ Option concentrate on the task of trading instead of spending an unusually large amount of time navigating around the web platform and trying to figure out how to use the website.
IQ Option Mobile Trading
This web broker is also one that likes to keep up with the latest technologies and their convenient mobile app is a great example of that. It really opens up the realm of possibilities for their investors to trade on a lot more regular basis. Just like the web platform, the mobile trading app is very user friendly and easy to use. It includes most of the features that the regular trading platform has too.
They developed the app at the request of the brokers many members because they needed more flexibility in their trading at times and a convenient mobile app certainly does the trick nicely there. That means investors can now do such things as trade during their lunch break, trade on their commute to work or even trade while sitting on the beach on holiday. No longer is a trader restricted to placing binary options when they are sitting in front of their PC or laptop.
The mobile app can be downloaded onto such things as iPhones, iPads and most other smart devices and can be used in many countries anywhere that an internet connection can be established. There is no reason that any trader cannot trade as often as they want to since they will now have access to the IQ Option mobile trading app.
The app has other uses besides just placing trades also. Each investor can conveniently keep track of their trades in process and check out how their favorite current assets are trending too. The mobile app also helps the sites users keep up with the latest economic news and market trends. It is an app that lets you both trade and keep in touch with the important happenings in the financial markets.
IQ Option USA
Unfortunately IQ Option is not available to be used by American binary options traders at this time but don’t rule this out in the future; after all, this web broker is not afraid to try new markets as they showed when they established themselves as the first binary options broker that Russian citizens could trade with. They realize the USA market has a lot of potential and most likely will explore getting into it at some time in the future.
In the mean time they will continue to do whatever is necessary to keep them popular in the rest of the world as they have done in the past. That is why they have a staff that consists of some of the top analysts in the binary options field, great IT technicians and knowledgeable and courteous customer service representatives. All this will help them keep attracting many new traders from Europe and elsewhere in the world. They will continue to set lofty goals for performance standards to ensure their place at the top of the binary options trading industry.
Placing Trades with IQ Option
There is no reason that any trader should not find using the IQ Option website easy. They feature a variety of binary options to choose from such as High/Low options, 60second options and others. A large amount of option choices give each trader an opportunity to find one or two option types that they are very comfortable using.
The site also features a large list of assets in which to base trades on and a variety of different expiration times. Among the asset selection choices are stocks, commodities, indices and matched currency pairs.
The expiration times include such popular choices as :
- 60 second
- 15 minute
- 1 hour
- End of the Day
So as you can see, IQ Option will supply you with a wide variety of choices for your trading.
Trades on the web platform are easily initiated with just a few clicks of your computer mouse too; that is a tribute to how well the website is laid out. It literally takes only a fraction of a minute to place a binary options trade once you have decided which way your chosen asset will trend over a period of time.
Because of this you can quickly place your trade and then get back to work analyzing charts and trends to find your next big trade. Once a trade is placed investors on IQ Option can earn as much as a 92% return on investment when a correct prediction is made; a figure that is easily among the highest that any binary option broker offers.
IQ Option Learning Tools
Traders on IQ Option can take advantage of the many learning tools that the broker has to offer them too. These include such things as informational video tutorials and other learning tools in their educational center. No matter what level account holder you are on the site you will have access to these tools. There is something there for everyone to help improve their binary options trading skills in one way or another.
Is IQ Option a Scam?
We have already told you how important IQ Option’s reputation has been to their growth in terms of the number of people who trade binary options with them. They pride themselves on being one of the most trustworthy and reputable web brokers. If you do an internet search on them you will find very few complaints about them and if you find one it will be minor in nature. More often than not you will come across positive review after positive review from those that trade with them.
We have not heard about any bad rumors associated with IQ Option. The broker falls under the strict regulations of CySec, one of the world’s most reputable binary options oversight agencies. It is a prestigious certification for binary options websites such as IQ Option to have attached to their name. It means they have to adhere to some of the most strict fairness standards, banking practices and customer support levels that are to be found in the binary options trading industry.
Give them a Try
With all that you have read in this article you can clearly see that this broker is worth using. Sign up is easy and with a low minimum deposit it is easy to check them out to see if you like what they have to offer. It is a broker with many good features.
Once you sign up with them you will find out what they are all about.
Beginner’s Guide to IQ Option: Complete Review
IQ Option is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Binary Options, Stocks, Forex and of course Cryptocurrencies.
Founded in 2020 and operated by IQ Option Ltd, the site has quickly became one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world.
IQ Option is also based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.
Risk Warning: Your capital might be at risk.
Take a look below as we walk you through the site and offer our full review of the service.
IQ Option at a Glance
|Minium Initial Deposit
|Asset Coverage||CFDs, ETFs, Forex, Cryptocurrency, Stocks, Indices, Commodities|
|Leverage||30:1 Retail Traders, 1000:1 Professional Traders|
|Trading Platforms||Proprietary Web, Mobile App|
What it Offers
IQ Option is a comprehensive trading platform that provides its users with a wealth of alternatives, and after starting out as a binary options broker, IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and a range of various digital options.
- CFD on Stocks – IQ Option allows users to trade CFDs on stocks from over 176 different companies, including the most successful businesses listed on the NASDAQ and NYSE.
- Cryptocurrencies – Users can also trade 12 of the top cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.
- ETFs – EFT trading is a relatively new product, and ETFs work by tracking commodities, indices and baskets of assets. These can be traded in the same way as common stocks, and traders can choose from approximately 4288 different ETFs.
- Forex –FX trading, or Forex, is an extremely popular trading market and IQ Option provides access to around 188 currency trading pairs. This allows users to trade their favourite foreign currencies with ease.
- Options – Users can speculate on the price of a number of different assets, which include currencies, stocks, indices and commodities. The platform currently provides a gateway to over 10 million options.
IQ Option Demo Account
Like many competitors, IQ Option offers a demo account. However, IQ Option’s demo account stands out. This is because there is no limit on how long you can use the demo account. That allows you to get truly comfortable with your trading techniques. It also allows you to test new trading strategies in the future.
The IQ Option demo account includes $10,000 in virtual funds. If you use all of those virtual funds, you can easily have the amount replenished, allowing you to continue practicing your trading techniques.
Another standout element of the demo account is the fact that you do not need to provide personal information before using it. This is not always the case with competitors. The lack of personal information required for a demo account helps potential clients protect their privacy.
IQ Option Real Accounts
IQ Option requires a low minimum deposit and new traders can start off by just depositing $10 in order to gain access to a live account, there are currently two trading account options:
- Real Account. This can be accessed with the $10 minimum investment and there are no restrictions on trading functionality. This account provides access to over 70 assets and users can request withdrawals that are processed within 24 hours. Real account holders can also take part in various trading competitions held on the platform ( customers outside of the EU ).
- VIP Account. – This is available to Traders who:
- Make a deposit of $1900 or an equivalent amount in other currencies, or Have a trading volume of $15000 “IQ Option Ltd. provides VIP status for traders from non-EEA countries”
- In addition to the features found on the real account, the VIP account also includes a personal manager who is always ready to assist traders with any queries and issues. The VIP account also comes with a monthly report on user trading records, which is performed by the platform’s analysts and gives customers valuable feedback on their performance.
IQ Option Signup
The best way to get started is to sign up via Facebook, Google, or to simply create an account by using an email address. After inputting your details and creating a password you can proceed.
When this is done you can immediately use your practice account or top up your real account before moving on to live trading. A pop-up will notify you of the creation of both your practice account and real account.
IQ Option has developed its own proprietary platform and this makes navigating the site an enjoyable experience. The platform has been generally well designed with an intuitive approach and it’s quite easy to locate all the various tools and features. The free demo account also provides users with the possibility to trade with all of the underlying assets. As a result, there are a variety of options regarding types of trades and users can quickly switch between their preferred assets. The platform also offers a range of charting tools such as Bollinger bands and moving averages which all help enhance trading capabilities.
IQ Option Deposits
With IQ Option, there is a minimum deposit of 10 USD/GBP/EUR. You can select your preferred form of deposit, and IQ Option does not charge any fees for depositing funds.
To make your first deposit, you will need to go through the account verification process which in the EU involves adding your phone, personal information, adding your trading experience and uploading photo identification. Different countries will have different requirements and also will need verification to make withdrawals from the site.
IQ Option offers its customers a number of ways to make deposits and withdrawals to and from their trading accounts. Users can currently use debit services such as Maestro and Visa Electron, or credit cards like Visa and Master Card. Customers can also use a host of payments processors such as Skrill, WebMoney, Cash U, Neteller and Moneybookers.
There is also the option to process payments via Wire Transfer and the current minimum withdrawal amount is $2, while the estimated time to withdraw funds is 1 business day. Your bank may charge fees for this process.
As of the time of writing, IQ Option still does not allow for deposits via PayPal. However, the platform is working to make this an option.
IQ Option Withdrawals
When it comes time to withdraw funds from your IQ Option account, the method used will vary based on the deposit method. In the case of deposits via a credit or debit card, you must withdraw the initial deposit amount onto the card. Since this transaction gets processed as a refund, you can only withdraw up to this amount to your credit or debit card, including deposits made within the past 90 days. Any profit that is over this amount will need to be withdrawn via a bank transfer or your chosen e-wallet.
The e-wallet options for withdrawals are identical to those for deposits, including Skrill, WebMoney, and Neteller. Alternatively, you can withdraw those profits via a bank transfer. Keep in mind that opting for a bank transfer does come with a fee of $31. In the case of deposits made via an e-wallet, you must withdraw the funds to your same e-wallet account.
Regardless of your withdrawal method, IQ Option will process your request within three business days. Bank cards and payment providers may require additional processing time.
Keep in mind that before you can withdraw funds from your IQ Option account, you must verify your account by submitting identification documents. This involves uploading:
- A photo ID, such as a driver’s license or passport
- In the case of a deposit made via a bank card, you must also upload an image of both sides of every card used. Hide the CVV number and the middle digits of your card number. Keep the first six and final four digits visible. This is for your own security.
How to Trade on IQ Option
Trading on IQ Option is relatively intuitive and the trading platform is very well designed. You will see the chart is in the center with buy and sell boxes to the right hand side. Your balance is displayed at the top along with any assets you are currently trading.
You can use the drop down located at the top left of the chart area to choose which instrument to trade. The drop down contains FX Options, Forex, Stocks, Crypto, Commodities, Indices and ETFs and from that you can then select or search for your chosen asset.
You trade right from the Web Trader’s interface. To the right of the graph for your chosen asset, you will see options to buy and sell. You simply fill out the amount of the asset you wish to purchase and submit your order.
You can also place an order easily via the mobile application, and the overall setup is very similar. To the right of your chart, you will see the same options, with the ability to adjust investment, leverage, and price and then select buy or sell. For clarity, this section of the trading platform will also display the spread.
Users can also easily search for their favorite cryptocurrencies and analyze all of the most relevant and up to date information. In addition to offering Bitcoin and Ethereum, IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin, and Monero.
Risk Warning: Your capital might be at risk.
The interface also provides easy to find links to chats, trading history, and customer support, and in the event of any issues, users can quickly open up a dialogue with the support team. Another standout feature is the resources section that provides access to training and education materials. A number of short training videos are integrated into the site and traders can access these resources without having to leave their training accounts.
The demo version of trading platform is also the same as the live version, and traders can improve their skills by using the $10000 of virtual funds that come with the practice account. Even if things go badly, these funds can be replenished, giving traders a consistent pool of funds to practice with.
Order Types & Stop Loss Tools
As is expected of modern trading platforms, IQ Option gives traders a range of order types to reduce risk and customize the trading experience. The variety of order choices lets traders create strategies that are short-, medium-, or long-term and featuring a variable return. Multipliers let traders increase the risk level for an investment with a corresponding increase on the return.
Stop loss orders let traders set maximum losses that they will accept, automatically closing the trade if it is triggered. Take profits do the same thing but when the trade reaches the profit you specify. A trailing stop will lead to dynamic operation of an auto-close at loss, moving with the price in the direction the trader indicates. Purchase at preorders lets traders set a price at which enter the market.
To supplement the order types, IQ Option offers a range of tools for setting stops and take profits. While most brokers just let you select the asset price, IQ Option lets you set the take profit or stop loss at either a percentage, numerous loss, or specific asset price. There is also the choice to apply the dynamic stop loss or trailing stop and the ability to use the balance to keep a position open if it exceeds the stop loss.
There are numerous order types available with IQ Option, with the specific types of order available varying by asset.
- Multiplier orders allow you to increase the return on investment and your level of risk via a coefficient. This is a popular tool among advanced traders, but it should only be used by those with experience due to the increased risk. When used properly, it can dramatically increase potential profits.
- Stop loss orders let you set maximum losses that you will accept. When this type of order gets triggered, it automatically closes the trade to minimize your losses.
- Take profit orders are almost the opposite of a stop loss order. You indicate the amount of profit you want to reach, and the order automatically closes when it reaches this point.
- Trailing stop orders build on the idea of a stop loss by dynamically using auto-close at stop. A trailing stop order will move with the changes in price in the direction that you indicate.
- Finally, a purchase at or pre-order lets you choose the price at which you want to enter the market. When the market reaches this point, the trade will automatically be executed.
To ensure traders can get the most from the IQ Option trading platform, the broker offers a long list of charting tools that can provide insights and help clients craft their trading strategies.
Candle charts are among the most popular for IQ Option traders. These candles indicate a period of time, with solid colors indicating volatility during the given period and points marked for the price at both the beginning and the end of the given period.
Hollow candles are similar. However, instead of always using solid colors, the positive candles are hollow and the negative candles are solid.
IQ Option also offers area charts that show the price in the form of a line, complete with shading for the area underneath. Line charts are similar, but the area underneath the line is not shaded.
Finally, bars, like candle charts, cover a period of time you specify. They indicate the prices at the beginning and end of the period but do so with vertical lines. There are complementary horizontal lines that display the prices at open and close.
With the indicators on IQ Option, you can spot trends and better identify potential trades that will lead to profit. IQ Option offers 13 indicators that are available via the charting interface.
Many can be used independently or together to maximize your results and insights.
- Moving Averages (MAs) include Simple Moving Averages, Weighted Moving Averages, Smooth Simple Moving Averages, and Exponential Moving Averages. These can help provide insights into current trends and can be used with other indicators.
- The Moving Average Convergence Divergence (MACD) shows where moving averages converge and diverge, essentially visualizing the ratio between two Exponential Moving Averages (EMAs).
- The Parabolic SAR has a similar purpose to moving averages. However, the position changes based on the price and it moves in conjunction with higher acceleration. It shows up in a group of small dots.
- The Awesome Oscillator indicates a visualized ratio of two SMAs (Simple Moving Averages), with one fast and one slow. The indicator helps show new trends’ development and completion.
- Bollinger Bands are trend indicators showing a dynamic range for price movement.
- Volume Indicators show the quantities of your chosen asset that were bought and sold within a given period, indicating interest.
- The Alligator Indicator helps you assess market movement in terms of direction and assists with filtering Side Bands (no-trend periods). Overall, this indicator helps traders find emerging trends, and it is cross-functional.
- The Relative Strength Index (RSI) helps figure out a current trend’s strength, as well as potential reversal points. It compares asset price growth (absolute) with the total price reduction, showing it via a curve.
- The Stoch or Stochastic Oscillator indicators show a price’s current position in comparison to the extremes from your selected period. This is shown as a percentage and helps you determine likely reversal points.
- The Average True Range (ATR) displays a trading asset’s current volatility within your chosen period and determines the change rate of quotes.
- The Average Directional Movement Index (ADX) shows a trend’s strength before the price movement begins. It can also indicate potential market volatility changes.
- A fractal is a series that includes a minimum of five Japanese candlesticks, showing the local maxima and minima of price curves as well as market reversal points.
- Finally, the Commodity Channel Index (CCI) measures the speed associated with price movements. It helps traders determine upcoming market reversals and can detect extrema or assess a trend’s strength.
IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience. These include:
IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility regarding mobile trading options. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform. The app also provides push notifications, and users can set key trading levels which result in alerts any time these levels are breached. The app works on tablets as well as smart phones and the platform is available to both Android and Apple iOS device holders.
If you are outside the EU, then Customers are provided with the chance to test their skills against other traders via a number of Binary Option tournaments. These frequent tournaments are usually around 30 minutes in length and require a small entry fee. After signing up, users are given $10k in virtual funds and at the end of the competition; the trader with the highest returns wins a prize.
The prize can be fixed or be related to the number of people who entered the tournament, and at best allows the winner to receive a payment of up to 100x the entry fee. If users deplete their virtual funds, they can buy in again and continue to take part in further tournaments. This provides users with an interactive way to test their trading capabilities as well as pick up new trading techniques.
As always, please note it is possible to lose your entry fees when taking part in competitions.
Education and Training Resources
IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders. These include various trading videos, as well as webinars and tutorials. Users also have access to a number of e-books and an FAQ section that covers the most common questions. These training materials provide valuable information to for traders of different abilities and experience.
IQ Option Affiliate Program
IQ Option offers an affiliate program for those who want to supplement their income by encouraging others to sign up to use the platform. When you become an affiliate, you simply share your affiliate link, whether this is on a website, blog, or somewhere else. From there, a user will click the ad or link. When they sign up, it will be associated with your unique ID.
Your rewards arrive when the users you encourage to sign up start trading on IQ Option. Based on the trading activity of the client, you can earn as much as 70 percent of the broker’s profit. This continues for life, allowing for passive income opportunities. The earnings are paid out two times every month, and you can choose your preferred payment method. To date, IQ Option has 115,410 affiliates in 178 countries. On the day of writing, IQ Option affiliates had already earned $35,015.50 just that day alone. You can view up-to-date figures on the countries, customers, affiliates, and amount earned by affiliates for the day on the IQ Option affiliate page.
The IQ Option affiliate program does not allow for a negative balance, as there are no deductions from your profit, only profits. There is also cross-platform support with options for mobile and web, multilanguage support, and universal links. The program even provides analytics, complete with reports that include data filters.
In addition to the regular affiliate program, IQ Option offers an IQ Option CPA program, which it advertises as among “the most lucrative” programs of its type within the industry. Qualified traders can receive payments between $35 and $1,200. As with the regular affiliate program, the CPA program receives payments twice each month and gets useful data. There is also a convenient calculator to determine approximate income from CPA program affiliates.
History of IQ Option in Numbers
As mentioned, IQ Option was founded in 2020. Since then, the broker has grown considerably and includes specific figures on its website to help show its growth. Starting with the number of active users, there were 8,110,000 registered users in 2020, which had nearly doubled to 14,680,000 by 2020 and reached 25,580,000 in 2020. This represents registered user growth of a whopping 17 million just between 2020 and 2020.
Not only did IQ Option have an expansive growth in active users, but the countries that these traders were from increased. In 2020, IQ Option had traders in 135 countries, growing to 148 countries in 2020, 150 in 2020, and 151 in 2020.
IQ Option also lists the figures related to trades throughout the years. Between 2020 and 2020, the number of daily transactions increased by nearly 70 times. Between 2020 and 2020, this figure grew another 2.5 times. For those interested in specifics, 2020 had an average of 646,000 transactions each day, which increased to 956,000 by 2020 and 1.8 million by 2020.
Or you can look at the figures representing growth in terms of trading volume per month. Between and 2020, this figure increased by about 23 times. In 2020, the figure was $16 million, which became $89 million, an increase of 5.5 times in just a year. By 2020, this was $184 million, more than doubling in just a year. Between 2020 and 2020, the monthly trade volume increased to a whopping $380 million. This means that for two consecutive years, IQ Option doubled its monthly trading volume.
That trading volume does not all stay inside the platform. Instead, there is also an increase in the amount that traders withdraw from the platform each year, showing that the active users are truly earning money. In 2020, traders withdrew $1.5 million per month, which became $5.8 million in 2020 and $10.8 million in 2020. In other words, 2020 saw 1.8 times more money withdrawn by traders from IQ Option compared to the previous year.
It is also worth noting that these withdrawals have increased in speed. In 2020, IQ Option made changes to offer instant withdrawals. This allowed for 68 percent of withdrawal requests to be processed immediately. Now, the average time for processing a withdrawal from IQ Option is just one day. The order processing has similarly improved, now averaging just a second.
IQ Option also offers indications of how its customer support has improved over the years. When chat support began in 2020, there was an average wait of 7 minutes for a reply in chat, which decreased to 4 minutes in 2020, 46 seconds in 2020, and 38 seconds in 2020. On a similar note, the amount of time it took to answer a ticket decreased from two hours in 2020 to 24 minutes in 2020 to just 16 minutes in 2020. Some of this is also due to the growth of the support team, which only had 25 members in 2020 but grew to 39 members in 2020 and 78 in 2020.
The number of affiliates has also grown from 3,000 in 2020 to 84,000 in 2020. This included 21,000 affiliates in 2020 and 48,000 in 2020. Along with the growth of affiliates, those affiliates have consistently earned more every year. Affiliates earned $200,000 monthly in 2020, $810,000 in 2020, $2.3 million in 2020, and an impressive $4.6 million in 2020.
IQ Option Awards
Over the years, IQ Option has accumulated an extensive list of awards, each of which shows off one of the platform’s strengths. The Academy of Interactive & Visual Arts honored IQ Option with the 2020 Award of Excellence, which is the highest honor from the Communicator Awards. IQ Option was recognized by the voting committee as the top trading app in the Financial category.
In 2020, IQ Option earned the Rising Star award for “The intelligent trading app for binary options” from the Mobile Star Awards, the largest annual awards program worldwide for mobile software and innovations. The organization praised IQ Option for its design and efficiency.
The Web Marketing Association honored IQ Option with the Best Technology Application in 2020 for the company’s mobile application.
IQ Option also earned the Century International Quality Gold ERA Award from the Business Initiative Directions Group as recognition for the company’s commitment to Excellence and Quality, especially within Customer Satisfaction.
Going back a bit further to 2020, IQ Option earned the title of Best Binary Options Broker Europe 2020 from the Global Banking & Finance Review. The broker also earned the title of Most Innovative Binary Option Platform from the IFM Awards in 2020, as well as the Best Mobile Trading Platform in the same awards.
Global Brands Magazine, which is a reputable brand observer in Britain, honored IQ Option with the title of Fastest Growing Binary Option Brand. In the Forex Awards 2020, IQ Option was named the Best Trading Platform. Also in 2020, the MasterForex-V awarded IQ Option as the World’s Leading Binary Options Broker and the Most Reliable Binary Options Broker.
The FX Report Awards named IQ Option the Best Binary Options Broker in 2020. In 2020, the same year IQ Option was founded, the company earned the title of Most Innovative Binary Option Broker from Moscow’s ShowFx World conference. At the IAIR Awards, IQ Option earned multiple awards, including the Best Binary Options Broker and the Best Binary Options Broker/Trading Application.
IQ Option Jurisdictions, Languages, and Countries
IQ Option has clients from 151 different countries. The platform and website are currently available in 13 languages, allowing traders from around the world to trade in a language they are comfortable with. For further international appeal, IQ Option lets traders select from one of the following currencies for funding: GBP, EUR, USD, Yuan, MYR, IDR, and RUB.
IQ Option is owned and operated by a company within the European Union. As such, IQ Option has a license from CySec, the Cyprus Securities and Exchange Commission. To receive that license, IQ Option met, and must continue to meet, minimum requirements related to marketing restrictions, client funds, and trading products. The registration in Cyprus as a financial services provider has number 247/14, giving IQ Option the ability to take on European clients, who then receive full CySec protections.
Due to CySec regulations, all client funds must be stored in segregated accounts that IQ Option cannot access for its own brokerage business. CySec regulators also offer a level of deposit insurance, which protects a certain level of all investments made with IQ Option if something happens to the broker.
IQ Option USA
Unfortunately, IQ Option is not available to traders in the United States. The broker is available in 178 countries around the world, but the United States has stricter restrictions and regulations, meaning American traders cannot use the broker. Other countries that you cannot use IQ Option in include Canada, Russia, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan.
IQ Option Customer Support
IQ Option allows users to contact the support team via email, contact form and a chat function. The site claims to respond to all queries within 46 seconds and aims to resolve all tickets within 24 minutes. There are currently around 83 customer service specialists on the team and traders who require a more personalized service can upgrade to the VIP account which comes with a personal account manager.
IQ Option retains an international focus and aims to cater to traders from around the world. The platform offers the possibility to trade in a variety of different currencies such as USD, GBP, EUR, Yuan, RUB, TRY, IDR and MYR. In addition to this the site also provides support in languages such as English, French, Italian, Spanish, Portuguese, Chinese, Korean, Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian.
However, due to a variety of different regulations, the site does not provide its services to citizen or residents of the United States of America, Australia, Canada, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea or Russian Federation.
IQ Option also adheres to the required standards of identification and users should note that when they register for a trading account they must provide their personal data and verify their email address and telephone contact number. Potential users who are unable to do this will be unable to complete their account registration.
- Also after funding your account, you will be asked to provide further personal information in order to complete your account verification. IQ Option will expect to receive copies of identification documents such as:
Passport or National ID Card issued by a Government Authority
- Proof of Address in the form of a Utility Bill or Bank Statement is required from EU residents.
IQ Option Customer Reviews
Most online reviews from customers of IQ Option are positive, but there is the occasional negative review, as should be expected. Some complaints relate to the fact that IQ Option requires KYC procedures to verify your identity before you withdraw funds. However, these procedures are normal for any broker dealing with fiat currency, and even many cryptocurrency exchanges require KYC procedures.
Some users also indicate that withdrawing funds can be challenging at times with the occasional issue related to having an account blocked. However, this does seem straightforward to resolve and may come down to KYC issues; the reviews are not clear on the cause.
Those reviews that indicate complaints against IQ Option are regularly interspersed with positive reviews. It also seems that many of the negative reviews posted online are not actually from customers. Instead, they are from people who claim to have had issues as a way to promote another service. When you look at online reviews from people who claim to be customers of IQ Option, remember to take them with a grain of salt since many are clearly from competitors or people with ulterior motives.
When read with a critical eye, the overall trend of seemingly valid reviews of IQ Option from customers seems to be neutral to positive.
Is IQ Option a Scam ?
While carrying out this review and researching other people’s opinions online, we found a number of complaints from people calling the site a scam. Some reasons mentioned are that they disabled a person’s account which didn’t allow them to withdraw their balance and a lot of disgruntled people who seem to have lost money trading on the platform.
But we also found overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.
In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high quality website and trading software.
Is IQ Option Safe?
In addition to practices such as maintaining segregated accounts for client funds, IQ Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting IQ Option supply added protection of both client funds and information.
IQ Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.
Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.
IQ Option is a company on the rise and has grown to managing almost 15 million accounts and processing 3 million trades per day. The site also enjoys a trading volume of $11 billion a month and pays out approximately $5.7 million to its users on a monthly basis.
The site does have its drawbacks, and users who require extensive interaction with a customer service agent may be unfulfilled by the two account levels. In order to be in consistent communication with a personalized account manager traders are expected to pay a $3000 fee which may be too restrictive for some. The site is also proving to be popular with traders around the world and despite IQ Option devoting time and energy to developing its customer service, there is the possibility that users may have to wait for more than 24 minutes in order to have their queries processed.
Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users. The platform caters to stock, Forex, and cryptocurrency traders and individuals who sign up can be sure to interact with an intuitive platform that provides access to a wealth of resources, and trading options.
Risk Warning: As always with trading, you should know the risks before hand – these are volatile markets where it is completely possible to lose large sums of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.
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