29 Dec IQ Option Review 2020 | What you must know before signing up
IQ Option Review 2020 – Marketpotentials.com
Welcome to the most COMPREHENSIVE IQ Option Trading software guide in the year 2020. IQ OPTION is BEST SUITED for traders from Asia, the Middle East, South America, Switzerland and New Zealand due to a wide range of supported payment methods available in the above countries.
IQ Option also accepts traders WORLDWIDE EXCEPT for Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Russia, Sudan, Syria, Turkey, and the USA.
The following detailed IQ OPTION Review 2019 will details all you need to know about the platform and the broker for you to make an informed choice.
IQ Option is owned and operated by IQ Option Ltd. It is an award-winning broker that has won numerous accolades amongst the international trading community in the past. It has won the Best Binary Options Broker / Trading Applications (awarded by IAIR, which is a global prize for excellence in global finance and the economy) It is also in fact, one of the more established brokers around dealing with binary options instruments and various other assets.
In Europe, IQ Option operates under IQ Option Europe Ltd. Its official address is located at Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus. The firm is regulated by CySEC (Cyprus Securities and Exchange Commission), bearing the license number 247/14. A CySEC licence covers residents living in Europe who trade with IQ Option
IQ Option (founded in 2013) is no stranger in the international trading community for their accessibility and their attractive trading conditions, traits that they have managed to retain to this day. Even back when most of their peers required minimum deposits of $200-$500, they offered binary options accounts for as little as $10. The spreads on their Forex and CFD products are some of the best in the trading industry, to this day. One of their most attractive features has always been a very intuitive trading platform.
With the above in mind, it is not exactly surprising that the brokerage grew by leaps and bounds, even when the going was tough reputation-wise. From about 950,000 accounts in 2014, IQ Option has grown to more than 33 million accounts to date. From around 200,000 trades per day in 2014, they now handle more than 3 million trades per day. It has also grown from a monthly trading volume of $10 million in 2014, to more than $11 billion flows through the brokerage on a monthly basis, right now. As for the reliability of them as a reputed broker, more than $10.8 million is withdrawn from active investors account on a monthly basis.
Another spectacular metric regarding the growth of IQ Option is the geographic coverage of their operations. From just a handful of countries supported in 2014, this reputed broker is now available in 178 countries worldwide! The platform also supports various languages worldwide such as English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic and Indonesian to cater for traders worldwide.
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IQ OPTION TRADING PLATFORM
Unlike most other brokers, you can find today IQ Option did not jump onboard a mainstream trading platform such as MT4. They have their very own, in-house platform, which is very intuitive to use and trade with. The clever layout and display of various data makes setting and monitoring the progress of a trade very easy.
The trading platform itself features a very attractive interface, and it is available in web-based as well as downloadable formats. The downloadable version of the software is, in essence, a replica of the web-based trading platform, with the same features though undoubtedly faster in a way. The downloadable version of the platform is available on Windows, MacOS, Ubuntu, as well as iOS and Android versions for mobile devices.
Trading on the IQ Option platform is in fact quite enjoyable. The charts are visually pleasing and one can also choose to trade directly from the charts. Different time frames can be applied and upto 9 charts can be displayed at the same time to present various data and technical indications.
In addition to the features focused on the actual opening/closing of positions, the IQ Option platform offers an overview of one’s open positions, as well as a Trading History section. There’s also a very engaging Chat and Blogs section too, which is where the social side of the brokerage comes into play.
Through the trading interface, IQ Option’s worldwide clients can also access an impressive number of video tutorials, detailing various analysis methods and offering tips on the inner workings of the platform itself. This comes in super handy for less experienced traders and helps making better-informed trading decisions.
The charting tool selection available on the IQ Option platform, lets traders choose from Area Charts, Line Charts, Candle Charts and Bar Charts. These are undoubtedly useful for spotting various chart patterns. A number of graphical tools are provided as well. These include the Fibonacci Lines, Trend-lines, horizontal lines and the simple line. More than 12 technical indicators are available which include the popular Bollinger bands, the MACD, the MA, the RSI, the Parabolic SAR and obviously, the Stochastic Oscillator amongst others.
Check out the following LIVE Trading session on the IQ Option platform on a video featured here on Marketpotentials.com below to see how to make the best use of the IQ Option trading platform.
IQ Option offers the following instruments to trade on their platform:
- Binary options
- Digital options
- Stocks (More than 168 international selection of stocks)
- Forex (More than 90 selection of popular forex pairs)
- Commodities (Including Crude Oil, Gold, Platinum and others)
- Cryptocurrencies (More than 15 of today’s hottest cryptos)
- ETFs (Exchange Traded Funds) (More than 23 of the world’s best performing ETFs)
The wide range of available instruments makes IQ Option a broker that one could truly appreciate and utilize, to make the most of one’s money according to your suitable risk appetite.
IQ OPTION DEPOSITS & WITHDRAWALS
Being one of the bigger brokers in terms of trading volume, IQ Option offers various types of payment options. These options include Mastercard, Visa, Skrill, Webmoney, Skrill, Neteller and Wire Transfer. The minimum deposit amount is only $10 for you to start trading on a real account, which is great as you do not have to risk a big amount in starting out.
The following options are all available:
- Credit Card
- Wire Transfer
Withdrawing your money from IQ Option is also easy and seamlessly done. All withdrawal requests are processed by IQ Option within just 24 hours. If you choose to withdraw to a bank card, it would take another 1-7 business days for your bank to process the withdrawal.
Another good thing is that there are no restrictions as to the minimum withdrawal amount from your IQ Option account — starting from only $2. The maximum allowable withdrawal amount, on the other hand, is $1,000,000.
IQ OPTION VIP ACCOUNT
IQ Option also offers an option for frequent traders to open up an exclusive VIP Trading Account. A trader would qualify for this account after depositing a minimum of $3000 into his/her real IQ trading account. You can also qualify for the VIP account over a period of time when your deposits into IQ Option has crossed the $3000 mark even if you made smaller deposits.
- Higher profit margins – IQ Option VIP account holders on average achieve more than 3% higher profit margin than regular trading account holders. This is because the IQ Option’s VIP gives a higher return on successful trades. (e.g. a successful USD/EUR forex pair trade for example earns 3% more for a VIP account holder vs. a regular account holder)
- VIP account manager – As an IQ Option VIP account holder, you’d also qualify to gain access to your very own VIP account manager. These managers can give advice and assist in monitoring your trades. In addition, they are also able to assist you immediately should you encounter any problems with your trades or account.
- Free entry for tournaments – Having an IQ Option VIP account in India for example account lets you partake in regular trading tournaments without having to pay any fees. Typical tournament fees range from USD 20 to USD 50. This could save you hundreds of dollars in the long run and allow you to take part in exciting tournaments that features some very attractive prices.
IQ OPTION REVIEW 2020 SUMMARY
In summary, IQ Option is a favourite pick for trading online from anywhere in the world. It’s various trading instruments made available on an award-winning platform that is ‘designed for traders by traders’ is everything one would want from a trading platform.
The intuitive and easy to use trading platform, coupled with one of the lowest fees in the market today makes it a very popular choice for traders. The data and information provided by their platform are concise and helps to identify emerging trends and patterns to give you the opportunity to make the best trading decisions – always.
Start your trading adventure in the brand new year of 2020 and sign up for a FREE DEMO account with IQ Option today below!