What Is IQ Option?

IQ Option is a licensed and regulated online broker. This Broker owned and operated by IQ Option Europe Ltd. It has two legal entities; the first one is IQ Option Europe Ltd., and the second one is IQ Option Ltd. IQ Option Europe Ltd. is registered in Cyprus and is regulated by the country’s Cyprus Securities and Exchange Commission or CySEC. IQ Option Ltd. is registered in Seychelles and is not regulated.

Is There Any Truth That IQ Option A Scam?

It is a question asked by many, including new and experienced traders. Well, IQ Option hasn’t been involved in any scams or suspicious activity so far. Let’s make one thing clear—IQ Option is a transparent and accountable brokerage company that is owned and managed by IQ Option Europe Ltd. As we said earlier, its regulator is Cyprus Securities and Exchange Commission or CySEC and its license number is 247/14. The name of the parent company can be found in the “Contact Us” section, of the website, so we can assure you that this company is legit, so you don’t need to be worried. Besides, the broker has high and stable traffic coming from their domains: IQoption.com and eu.iqoption.com. This proves that traders are satisfied with their services and the company is in a healthy condition and enjoys a good reputation. IQ Option is also found on many European regulators such as Consob, FCA, CNMV, and Bafin. This is hugely positive because if you have conflicts or disputes with a broker, you can file a complaint against a registered company quickly. But, you need to be cautious, nonetheless. The financial services and products offered for trading by the company on IQ Option are of high risk and can result in a significant loss of your investment.if you don’t know how to trade on binary option please read this article https://www.wikihow.com/Invest-in-Options

Key Features of IQ Option in 2020

IQ Option is now considered as an advanced and innovative broker offering Cryptocurrencies with the likes of BTC, ETH, LTC, and OMG as well as FX and CFD’s. Every asset class is adeptly categorized and named according to reward and risk. For instance, you will find 188 FX pairs and 12 Cryptocurrencies on IQ Option – all tradable. Each one of them is classified as high risk and high reward. IQ Option also introduced many stocks in September this year as well as thousands of Exchange-traded Funds (ETF’s) in October. IQ Option has categorized ETF’s as low risk and low return.

IQ Option Awards

According to new CySEC regulations, traders aren’t allowed to receive bonuses or awards while trading on IQ Option.

Withdrawing Funds From IQ Option

IQ Option allows a minimum withdrawal amount of $1. The minimum deposit is $10. Transactions will be processed within 24 hours of receiving withdrawal requests. Funds are transferred to the same account they originated from to rule out money laundering. Before withdrawal, clients must provide proper identification documents. Again this is done to prevent money laundering. Withdrawals can be carried out using most eWallet services found on the internet. Popular funding methods are VISA, MasterCard, Skrill, WebMoney, Neteller, and Moneybookers. Follow these three steps to withdraw funds from your IQ Option account: Enter your login details into your IQ Option account; Navigate to the withdrawals section of the page; Enter your withdrawal settings; Submit the form

Is IQ Option Regulated?

IQ Option is a highly regulated broker that operates a remarkably modern, innovative, and proprietary trading platform. IQ Option is ranked highly in clients’ satisfaction and reputation and is not involved in any unethical practices such as money laundering.

Getting An IQ Option Demo Account

IQ Option offers a demo account for free. Demo accounts are useful for developing your trading skills. Demo accounts help traders become better traders without risking any of their “real” money. Traders are given $10,000 virtual funds which they can spend for trading just like real money.

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Customer Service

The primary customer service of any company is to maintain a good working relationship with clients. Brokers need to provide exceptional customer support services to their traders as it will help it in building a good rapport with them. How traders perceive a particular broker fully depends on how the customer support team interacts with the traders. After all, in business, the first impression always matters. IQ Option realizes the importance of its customer support team and the value it brings to the company. The broker has ensured that the customer support division has been adequately trained in all aspects of its operations. The customer support team of IQ Option is capable of addressing any concerns of traders effectively and quickly. The support staff is multi-lingual so that they can communicate with traders in most of the major languages. The support team is also fully knowledgeable about the products and services IQ Option offers. You can contact them on their phone number is +44 20 8068 0760. Their email address is support@iqoption.com.

Pros and Cons of IQ Option

To make simple for readers, let’s divide the critical features of IQ Option into two sections:

The Pros

The IQ Option doesn’t resemble other brokerage websites on the market. Most brokerage website these days looks like a carbon copy of other similar sites. It’s easily understandable that the company is trying to be innovative, or at least trying to do something different. Opening the website, you will notice that the layout of the site is different, the tutorials are informative, and the trading platform appears to be highly innovative and functional. Of course, IQ Option offers free demo trading accounts, and it only takes 15 seconds to open. If you are into cryptocurrencies and Forex, this trading platform will serve you well. IQ Option now offers trades in 12 popular cryptocurrencies and 22 Forex pairs.

The Cons

Despite its widely commendable features, there are some negative points of IQ Option that we need to talk about. The biggest letdown of this innovative trading platform is that their expiration times are extremely limited.

Final Words

There will always be good and bad reviews about any growing broker; IQ Option is no exception. The minimum deposit to trade using the IQ Option platform is $10 only, and traders can withdraw funds if they have earned just $1! This is one of the main reasons there are plenty of happy traders of this broker. Most clients also have no issues with this trading platform, and many feel assured given the fact that IQ Option is regulated by Cyprus Securities and Exchange Commission. Some traders posted terrible reviews about IQ Option because they lost money while trading, while few others complained the real and demo accounts are different. These are normal events, and traders need to prepare for it. And if you do have an issue, you can make a formal dispute or complaint, and IQ Option welcomes it