IQ Option Review: A Complete Guide for the Beginners

As you have already seen plenty of Forex brokers’ reviews on EaglesInvestors’ page until now, this time get ready for another review about IQ Option broker.

IQ Option Review – Overview

IQ Option is an online platform for trading that makes the customers trade a range of financial instruments and assets. These instruments include Binary Options, Forex, Stocks, and Cryptocurrencies of course.

In 2013, IQ Option broker was established, and the IQ Option Ltd operated it. The site emerges as one of the fastest growing online Forex trading platforms. It claims to have more than 20 million account holders from all over the globe. According to IQ Option review, it is Cyprus based, and in the EU, the Cyprus Securities and Exchange Commission (CySec) regulates it. The company is highly acquiescent with the legislation put forward under the commission. Besides, it is also fully authorised to sell their products to clients with a number of controls.

IQ Option Broker: What It Offers For Trading

IQ Option review shows that it is considered as a comprehensive platform for trading that provide the users with the affluence of alternatives. Now customers of IQ Options can trade Contracts for Difference (CFDs) on stocks, Exchange-traded Funds (ETFs), several digital options as well as Forex, after starting as a binary options broker.

IQ Option Review

Cryptocurrencies

Twelve of the highly preferred cryptocurrencies are also available for users such as Dash, Ethereun, Zcash, Bitcoin, Ripple, Monero, Litecoin, Omisego, and IOTA.

CFD on Stocks

Users of IQ Options can trade CFDs on stocks from more than 7485 several companies. The NASDAQ and NYSE are both including in the list of the most successful business companies.

ETFs

Well, ETF trading is somewhat a new product, which works through indices, tracking commodities, and boxes of assets. You can trade with them in the same way as general stocks, and you can choose from approximately 4288 diversified ETFs.

Options

Users can contemplate on the number of several assets, and it contains stocks, currencies, commodities as well as indices. Currently, over 10 million options are getting the benefit of a gateway from this platform.

Forex Currency Pairs

Although, Forex trading is a highly popular trading market across the world and with IQ Option you can make access around 188 currency-trading pairs. It makes you able to trade your preferred foreign currency easily.

IQ Option Review: Account Types

IQ Option review shows that it offers several account types for its traders that they can choose at the best of their convenience and according to their needs and experience:

IQ Option Review

Demo Account

According to IQ Option, Just like many Forex brokers or competitors, it has a demo account. However, the demo account of IQ Option is mind-blowing. The reason behind its great appearance is that it has no specific time limit of how long you can use the demo account. It makes you genuinely comfortable with the techniques of your trading, as well as you can test new strategies for future use. The IQ Option review explains that it includes $10,000 in virtual funds of demo account. You can reload the amount quickly if you have used all of the virtual funds. It also allows you to keep on practising your trading techniques.

Another significant factor of the demo account is that no personal information required before using it. However, this option is not available with its competitors. With less personal information, potential clients can protect privacy with a demo account.

Real Account

With IQ Option, you don’t need to have a high amount of deposits, while new clients can set up with depositing $10 to gain access to a live account. Currently, there are two trading options:

As per IQ Option review, you can access this account with just $10 minimum investment, and no restrictions are there on trading functionality. Over 70 assets are obtained with this account and users can ask for withdrawals. And it formulates within 24 hours. Real account holders also have the opportunity to take part in various trading competitions that are held on the platform.

VIP Account

All traders who deposit more than $3,000 are allowed to avail this account. All the features of the real account added along with the VIP account such as a personal manager who is on the go to provide help to your traders with random queries and issues. The VIP account also offers a monthly report made on user trading records. This report is then executed under the supervision of platform analysts and provides customers with valuable feedback on their presentation.

IQ Option Signup

You can ultimately get started to sign up with the help of Facebook, Google, or by just creating an account with an email address. You can proceed once you entered your details while creating a password. Your practice account is ready for you right after you have done with all of the formalities. You can even top up your real account. When you move on to live to trade you will get a pop-up notification of the creation of your both practice account and real account.

IQ Option Review

Own proprietary platform of IQ Option makes the navigating experience of the site enjoyable. IQ Option review shows that with an intuitive approach, the platform is generally designed and convenient to locate all of the several tools and features. Users with a free demo account are able to trade with all of the underlying assets.

IQ Option Verification

Do you know that each IQ Option trading account must be verified? The primary regulator of IQ Option, CySEC has set it as one of the requirements. Undoubtedly, it is beneficial for the traders, but the majority of the traders find the process of account verification as irritating and time-consuming. However, it is a one-time process.

In IQ Option review, you will get to know two reasons for account verification importance:

Traders who can prove that they had deposited funds with the broker are eligible to compensate with CySEC. All you need is a verified account.

According to IQ Option review, it is allowed with account verification to adhere to international laws that put off money laundering.

If you are a beginner and just opened an IQ Option trader account that needed to be verified then follow these steps.

  • Step One

At first, login to your IQ Option account with all the details you used at the time of registration.

  • Step Two

Click on the personal details tab on the website. It will direct you to your personal profile. Now, scroll down to the page and click on the account verification link.

For trading app, Go to Settings and then click the Security option.

IQ Option Verifcation

  • Step Three

At the point, you need to verify two things, your email address, and your phone number. Now, click on verify email.

Find an email sent by IQ Option and open that email. There you will find a special code, copy that code and paste in the IQ Option email account verification page. After pasting the code, click on the continue button.

In case if you want to verify your mobile number, then you have to enter it on the provided field. Click on Send Code and IQ Option will send a unique code on your mobile. You have to enter the code on the site to verify your phone number.

Keep in mind that IQ Option will make sure that your email and mobile phone number have been verified right after you enter and submit the special codes.

  • Step Four

In the end, you have to complete your personal profile. The process of profile completion needs to enter details such as your name, address, and date of birth. IQ Option needs a copy of your ID card or passport in case if you have not sent it already. All the data must be matched to your identification documents.

IQ Option Verifcation

Now, click to save.

Now your IQ Option verification of the trading account is done, and you are safe.

IQ Option Deposits

Well, the smallest deposit of 10 USD/GBP/EUR is possible with IQ Option. You are allowed to select a deposit form that you prefer. And IQ Option has no fees for depositing funds. The account verification process is needed to make your first deposit. The verification process in the EU includes adding your personal information, phone, your trading experience, and identification photo uploading. Each country has different requirements and needs verification to withdraw from the site. A number of ways available that IQ Option offers to its customers to make withdrawals and deposits from their trading accounts. Debit services such as Maestro and Visa Electron or credit cards including Master Card and Visa are the ones that users use currently. Customers also use a host of payments processors including WebMoney, Cash U, Skrill, Moneybookers, and Neteller.

An option is obtainable to process payments with Wire Transfer, and current withdrawal minimum amount is $2. However, your bank may charge some extra fees for this procedure.

IQ Option Withdrawals

In the case of withdrawing funds from your IQ Option account, the method that is used varies according to the deposit method. You must withdraw the initial deposit amount on the card, in a case when you deposit with a debit or credit card. Since your transaction is processed as a refund, you are allowed to withdraw up to this amount into your credit or debit card. Besides, it includes deposits that are made in the past 90 days.

IQ Option review shows that the e-wallet options, used for withdrawals are similar to those applied for deposits such as Neteller, Skrill, and WebMoney. On the other hand, you can even withdraw those profits with the help of a bank transfer. So, you just need to keep in mind that opting for a bank transfer has a fee of $31. You must withdraw the funds into your same e-wallet account when you make deposits with an e-wallet.

IQ Option Review

IQ Option does not matter your withdrawal method and completes your request process within three business days. However, payment providers and bankcards may need extra time for processing. Keep in mind that before withdrawing funds from your IQ Option you have to verify your account. You need to submit identification documents for verification, and it includes:

  • A photo ID, for instance, a driver license or a passport
  • When you make a deposit through a bank card, you must upload an image of your every card that is used. Make sure to hide the CVV number and the middle digits of your card number. Just keep first six and final four digits visible for your own safety.

IQ Option USA

Well sadly, IQ Option review clearly shows that this broker is not available for the traders of the United States. The broker is spreading the magic of its features in 178 countries all around the world. On the other hand, the United States has highly strict regulations and limits. And it means American traders, cannot use IQ Option. However, some more countries also tend to bound to stay away from IQ Option trading. These countries include Canada, France, Belgium, Iran, Japan, Russia, Syria, Australia, and Sudan. IQ Option USA is highly banned from executing a single trade.

IQ Option Review: Is IQ Option a Safe Broker?

Undoubtedly, IQ Options trading is impressively active as it has a considerable amount of value. A balanced level of functionality and transparency merged on the site. Users feel it safe and comfortable when they know that this platform is keeping them enlightened with advanced financial regulations. Generally, IQ Option trading experience is smooth enough and provides an intuitive UI, which is easy to navigate.

IQ Option Review

IQ Option Review – Conclusion

So, by concluding IQ Option review, we can say that if you’re looking to trade with this broker, it is an excellent option to go for as we are now aware of all of its features, offerings, and reliability. Above all, it is a regulated one. It just misses to operate in the USA, but still, it covers 178 countries, and if you’re in any one of them, give it a GO.

Happy trading!

2 Comments

  1. Hello would like to know when doing the withdrawal you have to pay fees e.g agent fee . Tax fee??

    • Patricia Admin says:

      Hello Iketle!

      With IQ Options the only fees that you will pay are those by your bank. IQ options does not charge any fees for Withdrawal.
      In terms of Tax you need to get advice from your local tax lawyer. It varies from country to country.

      Warm regards!

Leave a Reply

close-link
close-link