IQ Option could be an industry gold standard for the quality of services it offers. It has what is arguably the best trading app in the industry, proper licensing, and business conduct that is beyond reproach.
Being the deserving receiver of about a dozen industry awards in various categories is clear proof of this fact. This is despite the fact that the company has been in existence since 2013, which makes the broker quite young, even for a young industry like online binary options.
As far as trading technology goes, IQ Option has few equals, and even fewer serious competitors. In fact, in February 2016, the company had the top ranking binary options app on App Store in 28 countries. Other premium benefits you can expect when using this broker include fast withdrawals, lucrative tournaments, a decent selection of assets and world-class support services.
Platform and Software
IQ Option offers an in-house trading platform, and an excellent one at that. In addition to winning the company accolades in the industry, the program is also incredibly accommodating to users of various operating systems. That is why it is available for Mac OS X, Windows, and even the often ignored Ubuntu operating systems.
Mobile trading software is also available for Android and iPhone users. All these platforms also provide very fast processing speeds, which is why the broker now offers an average order processing time of just 1 second. The platform is also very intuitive, functional, and very easy to use. Traders can also view multiple charts, do technical analysis and trade using a demo account.
Types of Binary Options Offered
Regular Call/Put Options – These are normal binary options contracts, which usually expire after periods of over 5 minutes.
Turbo Options – This class of binary options consists of options that expire within a period of 5 minutes. The expiry time can be as low as 30 seconds with these options.
At IQ Option, you can trade currencies, stocks and even commodities.
The currencies consist of EUR/USD, USD/JPY, GBP/JPY, EUR/GBP, AUD/CAD, EUR/JPY, USD/RUB, NZD/USD, AUD/USD, USD/CHF, USD/CAD, GBP/AUD, GBP/CAD, AUD/JPY, EUR/CAD, CHF/JPY, USD/NOK, EUR/NZD, and CAD/CHF.
The stocks you can trade with this broker include AIG, Baidu, Gold (Futures), Apple, ASX200, Amazon, Alibaba, CitiGroup, Brent Oil, BMW, Barclays, Cisco, DAX30, Dow Jones, Commerz Bank, CocaCola, Deutsche Bank, Daimler, Facebook, Dow Jones, General Motors, FTSE-100, Google, Ferrari, Gazprom, JP Morgan, Lufthansa, Intel, Goldman Sachs, Hang Seng, McDonalds, Nike, NASDAQ, NIKKEI-225, Microsoft, Morgan Stanley, Sony, Rosnet, SMI, SberBank, Silver, Tesla, Toyota, Vodafone, Twitter and others.
You can also trade commodities like Silver and Gold.
Payouts and Commissions
As is typically the case with any binary options establishment, the payouts at IQ Option depend on the options being traded. In general, short-term options pay less than medium and long-term options.
The big advantage of this broker is that it pays up to 90% on binary options contracts (*Amount to be credited to account in case of successful trade). No fees or commissions are charged with this broker when opening or closing trades.
Minimum and Maximum Investments
IQ Option is well-known for its unique minimum and maximum investment terms. You can open contracts worth $1. The maximum investment you can make while trading with this broker is $1,000, which is also quite decent even for large-scale traders.
Deposits and Withdrawals
Again, IQ stands out for its accommodating deposit and withdrawal terms. You can put just $10 in your account and begin trading. Deposit methods available include Visa, MasterCard, Wire Transfer, and even online processing methods like Skrill, NETELLER, POLi, and even WebMoney. However, if you want the VIP account rather than a standard account, you will have to make an initial deposit of at least $3,000.
Withdrawals can be handled using the same methods used to make deposits. The minimum you can withdraw is also $2 while the maximum is $1,000,000. Additionally, withdrawal requests are handled within 1 business day, with most being processed within the day of the withdrawal.
IQ Option has one of the best customer support teams in the business. You can get in touch with the customer service team through chat, phone, email, and even support tickets. At their site, they claim to be able to respond to chat messages within 46 seconds, and tickets within 24 minutes.
These claims all check out; the support team is at the top of their game. Supported languages include English, Chinese, Korean, Italian, French, German, Turkish, Spanish, Portuguese, and a couple others.
In general, signing up with IQ Option is not a decision you should regret. The company offers its own trading platform, which is one of the best the industry has to offer at the moment.
The company takes its relationship with its clients seriously as well, which is why you will enjoy high-end support services and some of the fastest payment processing times in the industry. IQ Option is an especially irresistible choice for all types of binary options traders in that you can make small deposits and even trade a dollar of this money at a time.
And even if that proves to be too much of a commitment for you, you can use the company’s no-strings-attached demo account to hone your skills and size up the company’s trading environment before trading with a real account. If you want to get started with IQ Option then you can visit the broker’s website linked here.