If you have heard about binary options, you definitively have heard of IQ Option, one of the most famous brokers in such field.
The profit potential of binary options is clearly attractive; however, before you dive straight into it, apart from having a solid knowledge about what it is and how to operate it, you need a solid, trustable and transparent broker.
So, is IQ Option such ideal broker?
Let’s find out with this complete review updated for 2019.
More about IQ Option: Background + Overview
Fortunately, they are a legit company founded in 2013 with headquarters in London, England. They are regulated and licensed to offer investments products in the European Union.
They operate under the license brought by the Cyprus Securities and Exchange Commission, which is not an easy job because they have to comply with many requirements that include:
- Marketing restrictions
- Requirements regarding clients’ funds
- Trading products restriction and regulations
Therefore, they are a legal and legit company.
Here you have more facts that will allow you to use IQ Option with peace of mind:
- They always keep liquidity at the exchange
- They have deposit insurance due to regulations
- Their platform is fully encrypted with SSL and other security measures
Beyond Binary Options: IQ Option is a Complete Trading Platform
Even though come to know it because of binary options, it offers you far more than only that.
You can operate with several assets:
- Cryptocurrencies (Ex: BTC, LTC, NEO, OMG, etc.) – 13 Pairs
- Forex – 45 Pairs
- Stocks – 135 Available
- ETFs – Exchange Traded Funs
This is a huge advantage because you can do all sorts of investment within the same platform. Furthermore, it’s trading interface is very easy to use and self-intuitive.
Even total beginners can make use of it without problems because the learning curve is very easy.
Reviewing IQ Option Demo Account: How Good Is It?
They bring you $10,000 USD in virtual trading funds so you can start honing your trading skills and to get your feet wet, in case you are a beginner to this world of trading.
If you ever run out of the 10K, you can request a refill at no cost.
IQ Option allows you to operate in all markets using your demo account, which is a big bonus because it works like a real account, the only difference is that you are not risking your money.
Therefore, I have to rate it 10 out of 10. Its demo account is amazing because you get unlimited virtual credits, access to all markets and to all trading tools/resources.
Withdrawal and Deposit Review
You can fund your account through several methods:
- Debit/Credit card (Visa and MasterCard)
- e-Wallets (Skrill, Neteller, Web Money, and Cash U)
- Bank Wire
The minimum deposit is $10 USD, very low in my experience, perfect for those who want to start off with a very low fund.
They also offer you several cashout methods, being a bank transfer is the most common. They don’t ask questions and they pay in maximum 24 hours since requesting your withdrawal.
In conclusion, it is amazing for depositing and withdrawing your money.
Final Verdict: Should You Use IQ Option?
I recommend your IQ option, due to all the reasons I have mentioned to you.
They are legit, licensed, offer you plenty of markets, bring you an excellent demo account and they are awesome for depositing and withdrawing funds.
I use it in the regular because I love the interface, which makes trading much easier and enjoyable.
I hope that my review helps you!