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Is IQ Option A Safe Forex Broker?

The platform and the trading application are functional enough for professional traders, as well as simple to allow new participants to seamlessly learn the trading process. Through the trading interface, IQ Option clients can also access an impressive number of video tutorials, detailing various analysis methods and offering tips on the inner workings of the platform itself. Founded in 2013 and managed by IQ option Ltd, based in Cyprus and regulated by CySec, it welcomes traders from multiple countries, with the exception of users from several countries. Please find an up-to-date list of countries on the official website.

  • Brokers are an incremental part of this industry because they provide trading tools, mechanisms, and various indicators like spreads, leverages, etc.
  • You will even see some saying IQOption scam is the only thing you will get if you start trading with the broker.
  • You see, the brokers usually put the glossary section directly within the website, yet IQ Option provides term explanations in its blog section.
  • Trading with IQ Option will involve fees from $10 USD, spreads from 0.06 pips, and commission-free trading depending on the account traders select.

IQOPTION LTD, the owner of IQ Option, is duly registered as an international business company (IBC) with the financial regulator, St. Vincent and the Grenadines Financial Services Authority (SVGFSA). The SVGFSA maintains the responsibility of IBC registrations but does not provide regulatory oversight over brokers, as the current legal requirement does not require that. IQ Option does not offer independent audits or confirmation of its performance claims.

Account Types

IQ Option hosts trading competitions, where prizes range from $100 to $100,000. IQ Option offers trading to a huge variety of countries and operates in many languages. Astropay allows payments from countries that don’t have other ways of transferring funds. It accepts bank transfers from a variety of banks in Thailand, the Philippines, Indonesia, Vietnam, and Malaysia.

The next important discussion point in this IQ Option broker review will be its trading platforms. To start trading is a personal decision and based on many different factors. If you decide to start using their platform, we will explore some of the reasons it may be the a great choice for you. Two of this platform’s exciting, useful, and prominent features are the demo account and their tournaments.

As for the eWallet options, they include popular wallets such as Neteller, Skrill, Perfect Money, and Webmoney. To ensure that traders at IQOption can get the assistance they want whenever the need arises, the broker has made its support services available 24/7. They can contact the support team through email, live chat, or the telephone. For the benefit of traders whose mother tongue is not the English language, IQOption has also translated their website into a dozen different languages.

IQ Option offers a unique in-house built trading platform for binary and digital options and CFDs on forex, cryptocurrencies, stocks, commodities and ETFs. The broker that allows real trading starting at $10 appeals to new and existing clients mainly with its ultimate trading platform, and competitive fees (spreads). Overall, with a little bit of effort, every user will be able to find most of the information about the company, with ease.

What is the minimum deposit requirement to open a trading account with IQ Option?

Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. Based on your fund pay-in method, IQ Option has prescribed a minimum value for deposits. Also, none of the deposit methods carries any charges, although your payment processor could charge a fee. There are also a couple of fees that aren’t openly advertised, such as a verification fee and inactivity fee.

They cancelled my profit trading

Multiple safe and secure deposit options are available to traders including Visa, Visa Electron, MasterCard, Maestro, Neteller, Skrill and WebMoney. The minimum amount per deposit is €10/$10, and trades can be opened iq forex broker review on the platform for just €1 or $1. Furthermore, IQ Option does not offer clients proper trading platforms such as MetaTrader, cTrader and does not even have the possibility to connect the broker with TradingView.

IQ options is a good trading platform…

As our IQ Option review shows, these indicators include moving averages, volatility channels, oscillators, and many other categories of indicators. Now, as we have discovered during our review, almost all instruments are charged a certain size of swaps. However, there is a small set of assets that you can trade swap-free. As with all online trades, payouts will vary depending on the specific asset and expiry date. For example, the success and profit of Forex and CFD trades are dependent on the asset itself.

For credit cards and bank wire transfers, the entire withdrawal process can take as long as 10 business days to be completed. As the expiry approaches, payouts tend to grow as these options are affected by the same delta and gamma values as traditional options. There is a $30 minimum trade placed on FX options, but they can be sold at any time up until expiry. So if a trader has brought either a call or a put, both can be sold prior to expiry to either lock in profits or cut losses.

Beautifully designed, this award-winning platform is user-friendly and incredibly easy to use. Don’t let the aesthetics fool you; under the hood is a robust trading toolkit of 15+ powerful technical indicators, 5 chart types, a built-in newsfeed and price movement alerts. With just 181 to choose from, IQ Option doesn’t offer nearly as many stocks to choose from as some of its competitors.

If you want to trade real money you can choose the real account and deposit and start trading. IQ Option were always known in the trading community for their accessibility and their attractive trading conditions, traits that they have managed to retain to this day. Even back when most of their peers required minimum deposits of $200-$500, they now offer accounts for as little as 20 Euros.

Analysis – Charting Tools

One of the most fundamental mechanisms is called negative balance protection. When you use the margin account to leverage a higher trading capital, you inadvertently increase the risk of higher losses. And in just a split second, your account can easily go into the negative balance and compel you to pay for losses.

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