Binary Options Brokers – Broker Review: IQ Option

There are quite a few binary options brokers to choose from and it may be difficult or impossible to visit each of the sites for first-hand knowledge and experience. There are a few articles and reviews available online that explain the main benefits and advantages of each. One site in particular that is gaining in popularity is IQ Option. IQ Option is a trading platform that is currently earning a great deal of positive reviews. Introduced in 2012, IQ Options is an innovative site with a state-of-the art interface.

Mobile

IQ Option was voted the #1 trading app by the IAIR Broker Awards in 2015, and according to the current app store rankings, holds the #1 trading app spot in over 20 different countries including Canada, France, and Germany. The majority of Google app users gave the IQ Options Mobile App 5 out of 5 stars. The technological sophistication of mobile apps increases each year along with a growing population of users. Many people are realizing the importance of having access to their trading tools when they are away from the computer.

Getting Started

IQ Options offers a free demo account so there’s not a lot of pressure to investigate the site to see if it will suffice, and the platform does not require a deposit or a credit card number in order to get acquainted with the tools. Learners start out with $1,000 to practice with while they experiment with different binary options trades. There are plenty of e-books and videos to guide users through the process. At the time of account creation there is a minimum deposit requirement of $10. If traders deposit $100, they will qualify for a 20% bonus.

Brief History

IQ Option launched in 2012 and is owned by a holding company called Investlab Trading Unlimited. It is a binary broker based in Cyprus and is managed by a company called Infield Premier Unlimited.

Trading

IQ Options is popular because of the availability of assets and contracts. The site provides various tools for managing risk. 3 Dimensional charts and tabs make it easy to regionally analyze investments. Most of the navigation and functions are intuitive, with all of the tools visible on the dashboard of the home page. Most experts’ reviews state the IQ Option’s payouts are some of the highest in the industry and that traders could potentially earn a 93% return on their investments. Traders will choose from $10, $20, $50, and $80 predefined amounts, but also have the option of trading randomly by typing in the desired trading amount. There are the classic high/low, 60 second, and turbo binary options, and more than 70 tradeable assets to select from.

Regulation

IQ Option is licensed and regulated by CySEC, the Cypress Securities and Exchange Commission. For traders, this regulation requires the company to carry mandatory insurance that covers consumer investments, to conduct monthly company audits, follow EU compliance requirements, maintain broker segregation of accounts, and many other protections. IQ Option is a globalized consumer trading platform that offers a multi-lingual support service. The NASDAQ website states that IQ Option has a reputation as one of the most reliable binary options brokers.