Review of the Binary Options IQOption

IQOption is a regulated binary options broker from Cyprus that offers a wide range of underlying assets to trade with binary options including currency pairs (Forex), commodities like gold, platinum and silver, stocks and indices of various markets. This broker was founded in 2013 and now it has thousands of customers around the world, being one of the fastest growing binary options brokers in the industry.

In addition, IQOption offers its customers a unique online trading platform with multiple trading functions which will be described later.

Type of Broker 

 IQOption is a Binary Options Broker.

Country of origin  

The main offices of this company are located in Cyprus.

Regulation

Today, this broker is licensed by CySEC (Cyprus Securities and Exchange Commission, license number 247/14), the regulator of financial services in Cyprus and is also registered with the FCA in the UK.

Underlying Assets
The clients of IQOption have the possibility to trade with binary options based on the following underlying assets:
  • Forex Market: 22 currency pairs in the Forex market, including the most important as the EUR/USD, GBP/USD, USD/JPY and EUR/JPY, and other more exotic like the USD/ZAR and USD/SGD.
  • Commodities: Gold Futures contracts (CME), one of the most important and traded commodities on the markets.
  • Stock Indices: 6 major global indices, including the S&P 500, NASDAQ, Dow Jones and CAC 40.
  • Stocks: 50 shares of major financial markets in the United States, Europe and Asia, such as Nike, Google, Apple, BAE Systems, Rolls Royce, BAE Systems, Hitachi, Tata Motors and Nissan Motors among others.

Types of Binary Options

IQOption offers the following types of binary options:
  • High/Low binary options (Call and Put classic binary options): Currently is the most common and popular type of binary option in the market due to the high and fast profits that it offers to the investor and its relative simplicity compared to other financial instruments. With these options, the trader must predict whether the price of the underlying will finish above or below the entry price of the option (the underlying price at which was acquired the option) once the contract expires. Generally, the period of maturity of the High/Low options of IQOption is 1 hour, but the traders are able to trade options with shorter or longer expiration periods, even of just 60 seconds.
  • 60 Seconds binary options: High/Low binary options that have a maturity period of just 60 seconds. Because of this feature, these options are ideal for investors interested in profit with fast transactions, especially in volatile markets and instruments such as Forex, oil and gold for example.

Payment Offered by IQOption

The regular payment offered by IQOption for binary options that expire In The Money (winning transactions) is the following:
  • High/Low Binary options: The payment is 70% to 92% of the capital invested by the trader in the option.
  • 60 seconds binary options: The return is 70% to 92% of the capital invested by the trader in the option.
-For binary options that expire Out The Money (losing trades), the trader loses the amount invested in the option, ie the premium paid to acquire the contract. If the option ends At The Money (the final price of the underlying asset is equal to the exercise price of the option), the trader receives back the amount paid for the option.

Trading Accounts

IQOption offers two types of real trading accounts for clients of different profiles which are described below:
Trading Account
Real Account
VIP Account
Deposit bonuses
No
No
Minimum deposit
$10
$1000
Underlying Assets (markets)
More than 70 assets
More than 70 assets
Full access to all trading opportunities of IQOption
Yes
Yes
Access to a web/mobile trading platform
Yes
Yes
Return in case of a wrong prediction
Up to 45% of return
Up to 60% of return
Withdrawal processing
3 days
1 day
A personal account manager
No
Yes
Analysis of monthly performance of the trader made by a company analyst
No
Yes
Education for the trader
Yes
Yes
Brief account description
It is the main account of IQOption and was created for beginners and inexperienced traders in binary options trading. It requires an extremely low minimum deposit.
It is an account type for VIP clients of the company, including traders with more experience in binary options trading and more trading capital.
 

Trading Platform
The main trading platform of this broker is a web-based application developed by the company, which can be accessed on the website of IQOption from anywhere with an Internet connection, which gives the trader more flexibility in their trades in the market. This platform is designed specifically for High/Low binary options trading based on underlying assets of various types. It also has various functions for managing transactions that may be useful for the trader. It has a simple and intuitive interface that allows the trader to select the type of option (Call or Put) the underlying asset, the investment amount (premium) and the period of maturity with a few clicks. The platform also has several trading features as updated quotes, a history of market behavior and price charts of the underlying assets offered by IQOption.

Trading platform of IQOption

The biggest advantage of this application is that it was designed specifically thinking in inexperienced traders looking for a platform that allows them to trade in a simple way. All the functions a trader needs to open new operations, manage their open positions and connect with their account are integrated into a single interface. For example, on the left side of the platform are all navigation options the user will need, including the personal section displaying information such as transactions (deposits and withdrawals) and history of transactions.

In addition, through the platform the client has have access to trading signals in real time, which can be used to guide their transactions with binary options.

-Platforms for mobile devices: IQOption provides several platforms designed to enter the account and trade binary options from different mobile devices such as smartphones. These applications provide updated prices of the underlying assets, price charts and functions to open and manage operations with binary options.

Demo Account

This broker offers a demo account with no time limit, which allows the trader to assess IQOption services.

Payment Options

Investors that open an account with IQOption can deposit and withdrawal funds through the following payment options: Bank Wire Transfer, Credit Card (the most important like Mastercard and VISA), Skrill, Neteller, Paypal and WebMoney.

The deposits can be made both in Euros, Pounds and US Dollars.

Main Advantages of IQOption

  • It is a properly regulated broker which has a license from CySEC in Cyprus and is registered with the FCA in the UK.
  • IQOption regularly offers various promotions for its customers, such as deposit bonuses up to 100% for traders who open a new trading account and deposit funds.
  • It provides an operating model in which their customers trade against each other rather than trading against the broker, unlike other brokers operating under a pure Market Maker model.
  • IQOption offers a personal account manager for all customers.
  • An innovative and intuitive trading platform developed by the company, which is characterized by its simple and user friendly interface.
  • The trader can get a return of 45% to 60% by erroneous predictions.
  • Customers with VIP accounts have access to a monthly analysis of their performance as traders conducted by experts from the company.
  • Trading signals accessible through the trading platform.
  • Regularly the company organizes trading competitions for customers with cash prizes for the winners.
  • A demo account without time limit.
  • IQOption offers the possibility to earn money by promoting its services as a broker through an affiliate program called IQOption Affiliates.

Main Broker Offers

IQOption offers regular promotions to its customers. The current promotion of this broker are:
  • Due to the regulations of CySEC IQOption no longer offers bonds deposit bonuses. 
  • All months IQOption organizes trading tournaments for demo and live accounts with cash prizes for the winners.
Company
Iqoption Europe ltd
Minimum account size
The minimum deposit to start trading with IQOption is $10
Minimum transaction size
1 US dollars/euros.
Maximum transaction size
1000 US dollars/euros.
Link to the website
Open an account
   


IQOption is a regulated binary options broker from Cyprus that offers a wide range of underlying assets and a unique trading platform which is modern and easy to use.

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