IQ OPTION FULL REVIEW 2023 - ALL DETAILS ABOUT IQ OPTION
What is IQ Option?
IQ Option is a well-established broker that facilitates the online trading of financial instruments like forex pairs, different types of options, cryptocurrencies, commodities, ETFs, indices, and stocks. These instruments can be conveniently traded on an award-winning trading platform with many useful tools and features.
IQ Option started out with binary options in 2008 and has since grown rapidly to become a broker that processes roughly 2,000,000 trades per day! Here is our IQ Option review with all the information you need about what you can trade, different trading platform features, and how to get started!
- Multi-asset trading platform
- Trade forex, binary options, stocks, crypto, ETFs, etc.
- Minimum investment of only $1
- Free Demo account
- Deposit as little as $10
IQ Option’s Licence / Regulation
IQ Option Ltd. is registered in St. Vincent and the Grenadines and this entity is not regulated.
IQ Option Instruments - What You Can Trade
YOU CAN TRADE STOCKS, FOREX, COMMODITIES, OPTIONS, CRYPTO, ETFS, AND INDICES WITH IQ OPTION!
IQ Option’s range of financial instruments is really impressive. Let’s take a look at everything you can trade with IQ Option…
IQ Option Digital Options Trading (non-EU only)
IQ Option has different types of options you can trade. One of them is digital options. With digital options, the potential payout percentage is up to *900% and the trader can choose between different strike prices.
*Payout percentages apply only to successful trades. The maximum payout percentage on digital options is 900%.
A DIGITAL OPTION TRADE ON THE EUR/JPY CURRENCY PAIR.
IQ Option’s digital options are available in different currency pairs. There are:
- 19 standard digital options which are tradable during weekdays.
- 8 OTC (over the counter) digital options for weekend trading.
Digital options can be traded with expiry times of either 1 minute or 5 minutes. However, trades can be entered late, which means that expiry times can be achieved of less than 1 minute or between 1 minute and 5 minutes.
Digital options can be traded by non-EU traders and pro-EU traders but are not available to retail traders from the European Union.
For more information about IQ Option’s digital options, please read 16 New Digital Options Available!
IQ Option Binary Options Trading (non-EU only)
IQ Option has been in the binary options business since 2008 and has received many awards for its excellent trading platform. IQ Option has about 60 binary option instruments to choose from. These are not only binary options on forex pairs, but also on different stocks, stock indices, and gold.
IQ Option’s binary options can be traded with a wide range of intraday expiry times, as well as ‘end of the day’ and ‘end of the month’. The lowest expiry time is 1 minute.
The payout percentages on binary options vary, depending on the time of the day, news releases, market liquidity, and other factors. The maximum payout percentages on some of the binary options can be as high as 90-95% and in rare cases, even higher. Take a look at this screenshot:
AN EXCEPTIONAL CASE WITH A 99% PAYOUT PERCENTAGE ON THE EUR/USD.
IQ Option also has OTC (over the counter) binary options that can be traded over weekends for those traders who might be too busy to trade during the week.
For complete information about how to trade binary options, please take a look at Trading Binary Options With IQ Option.
IQ Option Stock CFD Trading
IQ Option has about 174 stock CFDs which can be traded with leverage. Stocks are generally much more volatile than the forex market and traders who enjoy volatile markets are often drawn to the stock market.
With stocks available on the same platform as IQ Option’s other instruments, traders can diversify their portfolios with great convenience, without having to open separate accounts for trading stocks.
IQ Option’s stock CFDs can be traded with as little as $1 per trade!
For all the info you need about IQ Option’s stock CFDs, check out How to Trade Stock CFDs with IQ Option - Guide & Review.
IQ Option Forex Trading
The forex market has some of the most liquid instruments you can possibly find. Spreads are usually very low compared to other markets and with a daily turnover of trillions of dollars, even large speculators and investors can get into and out of big trades relatively easily.
A LONG (BUY) TRADE ON THE EUR/USD CURRENCY PAIR. UP TO 1:1000 LEVERAGE IS NOW AVAILABLE ON THIS PAIR (AND CERTAIN OTHERS). *RETAIL TRADERS FROM THE EU ARE LIMITED TO LEVERAGE OF UP TO 1:30.
IQ Option has a good selection of about 88 currency pairs to choose from. Currency trades, like all other CFDs by IQ Option, can be placed with preset stop loss and take profit orders. Pending orders are also available.
IQ Option has recently made some really positive changes to their forex leverage and traders can now trade certain currency pairs with leverage of up to 1:1000. Examples are the EUR/USD, GBP/USD, GBP/CHF, GBP/JPY, and USD/CHF.
For complete info about IQ Option’s forex instruments, take a look at How to Trade Forex with IQ Option - Guide & Review.
IQ Option Cryptocurrency Trading
With its exceptional volatility, the cryptocurrency market has attracted numerous investors and traders from around the world. With cryptocurrency CFDs, traders can speculate on the bullish and bearish price movements of various cryptos without owning the actual underlying cryptocurrencies. So, whether the price is rising or falling, there is potential for profits to be made.
CRYPTO DIGEST IS IQ OPTION’S CRYPTO-DEDICATED NEWS CHANNEL. YOU CAN ACCESS IT DIRECTLY FROM YOUR TRADING PLATFORM!
IQ Option has two types of cryptocurrency CFDs:
- Standard crypto CFDs
- Special crypto CFDs
The standard crypto CFDs can be traded by clients from the European Union and those outside of the EU. Retail EU traders do have access to a 1:2 leverage, pro-EU traders and non-EU traders have access up to 1:10 leverage.
The special crypto CFDs have much higher leverage and much lower spreads than the standard crypto CFDs. These CFDs expire on a daily basis, however.
Retail traders from the European Union do not have access to these instruments due to ESMA (European Securities and Markets Authority) regulation, while non-EU and pro-EU traders do.
For more in-depth information, take a look at Trading Cryptocurrency CFDs With IQ Option.
IQ Option Commodity Trading
Commodity CFDs enable traders to speculate with different metals, crops, energies, etc, without physically taking delivery of it. For obvious reasons, this is a very convenient way to participate in the commodity market. Of course, a contract for difference allows traders to buy (go long) and short (go short) commodities, which means that gains can be made even when commodity prices turn south.
HAVE YOU EVER SPECULATED WITH GOLD? TRY IQ OPTION’S GOLD CFD!
IQ Option has 6 different commodity CFDs available. As with all other instruments on IQ Option’s trading platform, these CFDs can be traded with as little as $1 per trade. The available leverage is up to 1:150 for non-EU and pro-EU traders. Retail EU traders are limited to leverage of 1:10.
For complete information, take a look at How To Trade Commodities with IQ Option - Our detailed Review.
IQ Option ETF Trading
LOOKING FOR BROADER DIVERSIFICATION? ETFS MAY BE YOUR ANSWER.
Exchange-traded funds, or ETFs, are a very popular asset class; and for good reasons. ETFs enable traders to gain exposure to a market sector or a group of assets by simply trading one single ETF. This can make portfolio diversification much easier because traders do not need to select several individual instruments from specific sectors and combine them in their portfolio. Besides that, IQ Option’s ETFs have pretty low spreads and can be traded with leverage of 1:100 (by pro-EU traders and non-EU traders) and 1:5 by retail traders from the European Union.
For more complete information, check out ETF Trading with IQ Option - Review and Guide.
Different IQ Option Features
IQ Option Mobile Trading Apps
IQ Option’s mobile apps have an ergonomic user interface. These applications also have technical indicators, widgets, and drawing tools. Trading can also be done directly from your charts, with the order entry box situated on the right side of the screen.
Here are the different mobile apps and the instruments which are available to regulated and non-regulated clients:
IQ Option Standard Android App
With IQ Option’s standard Android app, non-regulated clients can trade digital options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs. Regulated clients can trade FX options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs.
IQ Option iOS App
The IQ Option iOS (Apple) app supports digital options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs for non-regulated clients. Regulated clients can trade FX options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs.
IQ Option APK App
The IQ Option APK app works only with Android devices. Non-regulated clients can use it to trade binary options, digital options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs. Regulated clients can trade FX options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs.
IQ Option Progressive Web App (PWA)
IQ Option’s PWA can be accessed by Android and iOS devices and with it, non-regulated clients can trade binary options, digital options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs. Regulated clients can trade FX options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs.
Apps for *Binary Option Trading
*Binary option trading is only available to non-regulated clients.
The iOS and standard Android app do not support binary option trading. As you can see, the APK app and the PWA are the only apps with which non-regulated clients can trade binary options. Clients with iOS devices who want to trade binary options can use the progressive web app (PWA) to do so. Clients with Android devices can use the APK app and the PWA to trade binary options.
For detailed information, take a look at: IQ Option mobile Apps
IQ Option Platform Features
IQ Option clients can access its powerful trading platform in different ways, namely through desktop, web, and mobile versions. The mobile version is available for both Android and iOS devices.
ON THE MOVE? IQ OPTION’S MOBILE APPS HAVE YOU COVERED!
IQ Option’s trading platform has many useful features, charts, and trading tools. Let’s take a brief look at the things that make your trading as convenient as possible.
Trade Directly From Your Charts - Whether you’re trading forex, options, or any other instrument, you can execute your trades directly on the charts you’re looking at. The order entry box is situated on the right side of the chart which means that pending orders and market orders can be placed while you keep an eye on the current price action.
IQ OPTION’S ORDER ENTRY BOX DOES NOT OBSCURE YOUR VIEW OF YOUR CHARTS.
- Different Chart Types - Not only can you use line charts and candlestick charts, but also Heikin-Ashi and bar charts.
- Multiple Time Frames - Bar charts, candlestick charts, and Heikin-Ashi charts can be displayed in different time frames from 5 seconds up to 1 month.
- Graphical Tools - Some traders use trend lines, Fibonacci, and other lines in their trading. IQ Option has all of these available for you!
- Widgets - IQ Option’s widgets include ‘Other Traders’ Deals’, ‘Traders’ Mood’, ‘High and Low Values’, ‘News’, and ‘Volume’.
SOME OF THE WIDGETS ON THE IQ OPTION TRADING PLATFORM.
Technical Indicators - Whether you’re trading forex, options, stocks, or any other instrument, you have access to a good range of technical indicators that can be plotted on your charts. Some examples of technical indicators are moving averages, MACD, RSI, Bollinger bands, and stochastics.
HERE ARE SOME OF THE TECHNICAL INDICATORS AVAILABLE ON IQ OPTION’S TRADING PLATFORM.
News, Forex Calendar, Earnings Calendar, and Crypto Calendar
Economic news, politics, and other news events often impact the financial markets in a meaningful way. IQ Option’s trading platform is equipped with a handy news feed to keep you on top of what’s happening in the world.
Right next to the news tab, you will find the Forex Calendar, Earnings Calendar, and the Crypto Calendar:
IQ OPTION’S NEWS FEED AND DIFFERENT CALENDARS ARE VALUABLE FEATURES!
IQ Option Trading Accounts - What are Your Options?
Free IQ Option Demo Account
IQ Option’s fully functional demo account has all the features and financial instruments of a real (live) trading account. With virtual funds of $10,000, traders can test trading strategies, acquaint themselves with the trading environment, or just have some fun. This virtual account balance can be topped up to the original value at any time, which means that you can practice your trading without any limitations.
IQ Option’s trading platform was designed in such a way that traders can switch between their live and demo accounts with only three clicks. This is a really convenient and time-saving feature because both accounts can be accessed with one login.
IQ Option Real Account
IQ Option’s real trading account offers you live trading with real money. With a little deposit of only $10, you can get real trading experience and partake in many different markets and asset classes. Whether you like forex, commodities, options, ETFs, stocks, cryptocurrencies, or stock indices, all of these are available to you. Besides normal trading, you can also partake in IQ Option’s trading tournaments which can be accessed directly via IQ Option’s trading platform.
*Retail traders from the European Union do not have access to IQ Option’s trading tournaments. Pro-EU and non-EU traders can participate in these trading tournaments.
IQ Option VIP Account
To qualify for an IQ Option VIP trading account, you need to deposit $1,900 or more. A VIP trading account gives you access to quite a couple of perks, which include higher profitability rates and a personal account manager. VIP-Accounts are available for non-EU Citizens only.
For more information about the advantages of a VIP trading account, take a look at IQ Option VIP Account Review - 6 Great Benefits.
IQ Option Customer Support
IQ Option clients can easily contact its support team via the ‘Chats and Support’ tab on the left side of the trading platform. At the bottom left of the platform, you will also see a telephone number that you can call 24/7. The chat feature is also available at any time of the day and week. Customer support is available in 13 languages!
On the trading platform itself, traders can access video tutorials for free. These videos cover different subjects, which include information on FX options, binary options, digital options, different chart patterns, how to use different technical indicators, CFD trading, and the Crypto Digest.
Low Minimum Deposit and Minimum Investment Amount
With a deposit of only $10, clients can access a real money trading account with IQ Option and start trading certain instruments like binary options, forex pairs, stocks, and commodities with an investment amount of only $1 for options and $20 for Forex/CFDs. FX options require a minimum investment amount of 25 euro or $30.
Who Cannot Use IQ Option’s Services?
IQ Option’s services are available to all countries except to the USA, Canada, Australia, Belgium, Israel, Japan, Sudan, Syria, Turkey, and Iran.
Some countries are excluded from using one, or both of IQ Option’s mobile apps. Users from Malta, Cyprus, and the Dominican Republic cannot trade with the iOS app, nor with the Android app. Users from Myanmar, Lichtenstein, and Cuba cannot trade with the Android app.
Is IQ Option a Scam or Not?
IQ Option is certainly not a scam. With more than 10 years of quality service to traders from around the world, IQ Option has received numerous awards for its trading platforms and other features. IQ Option processes close to 2 million trades per day and is a truly an innovative broker that is constantly seeking new ways to improve its services, trading platform, and variety of tradable instruments. IQ Option is a champion in the trading industry!
IQ Option is a remarkable broker that keeps on evolving and improving despite being well-established already. An IQ Option demo account does not expire and with it, traders can enjoy all the features and tradable instruments of an IQ Option real account. All of IQ Option’s trading tools, technical indicators, and widgets are available to all users for free. Lastly, IQ Option’s customer support is really good and assistance is available to clients 24 hours a day, 7 days a week.