User Rating:Updated on: April 30, 2017
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|Spreads From||Max. Leverage||Trade Min.||Forex Pairs||Platforms||Mobile Trading||Broker Highlights|
|$10||1:1000||from 5 pips|
180+ Currency Pairs
CFDs carry risk. 74-89% of traders lose with this provider.
IQ Option Review
IQOption is fully licensed and regulated to offer real money trading, courtesy of the Cyprus Securities and Exchange Commission (CySEC), with license #247/14. Clients can enjoy CFDs, currency trading, Crypto trading, ETFs, CFDs stocks, and various options. A fully comprehensive set of educational resources, tools and services is offered to clients to ensure that they understand all aspects of online trading activity. IQOption was established in 2014 and now boasts an incredible 20 million registered traders. The company has won multiple awards from industry-leading authorities, such as the Century International Quality Gold ERA Award, the Best Technology Application, and the Best Binary Options Broker Europe 2015.
IQOption offers trading in multiple markets including cryptocurrency, Forex, stocks, and options. The following cryptocurrency trading options are available:
- Litecoin, Ripple, Ethereum, Bitcoin, Bitcoin Cash, IOTA, Dash, Ethereum Classic, Monero, OmiseGo, Zcash, and Santiment.
Forex trading options include the following:
- AUD/CAD, AUD/JPY, AUD/USD, EUR/USD, USD/JPY, and scores of others.
Stocks cover the full spectrum of options including the following:
- Netflix, Electronic Arts, Edison International, Pacific Gas & Electric Company, Delphi Automotive PLC, Under Armor Inc. and others.
Options include digital options and binary options. These are short-term investments with minimums of $1 and returns of up to 900% with zero-dollar brokerage fees.
Cryptocurrency trading is a major component of the trading spectrum in the global economy. Today, over $650 billion is invested in 1,300+ digital currencies. IQOption offers cryptocurrency trading on a wide range of assets including popular favourites like Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin and others. The biggest cryptocurrencies by market capitalization include the following options:
- Bitcoin with a maximum quantity of 21 million coins and a current market capitalization of around $234 billion
- Ethereum with an unlimited supply and a current market capitalization of $83 billion
- Bitcoin Cash with a current market capitalization of $64 billion and a maximum quantity of 21 million
- Ripple with a maximum supply of 99.99 billion coins and a current market capitalization of $40.5 billion
Multiple other options are available including Litecoin (LTC), IOTA (MIOTA), Dash (DASH), Monero (XMR), Ethereum Classic (ETC), Zcash (ZEC), OmiseGo (OMG), Santiment (SAN), and Bitcoin Gold (BTG).
Traders simply need to click on their preferred cryptocurrency from the list of 12 options. You will then see the 1-day change, the 1-week change, the 1-month change, and the year to date change. Other details include market capitalization, trading volume, circulating supply, maximum quantity, and graphics. Based on this analysis traders can easily login to their IQOption trading account and start trading. It is quick and easy to register with Facebook, and once the software has downloaded, you can enjoy fully regulated trading of digital currency.
Note that IQOption offers $10,000 in a demo trading account to start practicing cryptocurrency trading for free. The minimum deposit for real money accounts is $10, and there are easy withdrawals. It’s important to remember that you’re not purchasing the actual digital currencies – you’re simply speculating on price movements.
The trading platform at IQOption allows for mobile, desktop and full browser compatibility. Mobile functionality is assured for iOS and Android devices. On desktop, traders can enjoy Mac OS functionality, Windows and Ubuntu trading. The apps can be downloaded at the App Store, or from the Google Play Store. Multiple browsers are supported, including Google Chrome, Firefox, and Safari. Traders have access to demo accounts – direct off the browser – as well as real-money trading accounts. Fully interactive software allows clients to share their achievements in the trade room, utilize a wide range of trading instruments, enjoy real-time trading updates and more.
IQOption is fully licensed and regulated to offer real money trading across multiple asset classes. Clients can enjoy the benefits of a diverse range of offers with cryptocurrency, Forex, stocks, and options. Regulation ensures that the brokerage is compliant with all CySEC rules, and assets are protected through the Investor Compensation Fund. Additionally, IQOption offers complete peace of mind to traders with segregation of funds – client funds are kept separate from company funds.
Customer support can be reached via live chat, or telephone. The telephone number is +44-20-8068-0760. Support representatives are professional, friendly and courteous at all times. Full social media functionality is also available at IQOption on Facebook, Twitter, Pinterest and YouTube. Customer support can be accessed in multiple languages including Tagalog, Russian, Chinese, Portuguese, Turkish, German, French, Swedish, and, Spanish, Indonesian, Italian and Japanese. Clients can contact company officials at any time via email (the CEO, the owner, or the CAO). Other options include the physical mailing address in Limassol, Cyprus, or the snail mail address in the Seychelles.
Additionally, traders can reach customer support service 24/7 in multiple countries including the following: Russia, Germany, UK, Austria, Brazil, Singapore, Portugal, India, South Africa, France, Thailand, Spain, Argentina, Australia, Italy, Chile, Mexico, and Colombia. A combination of toll-free telephone numbers and toll telephone numbers is provided for quick and easy communication. The support representatives work hard to provide professional and friendly service at all times on all matters pertaining to trading, registration, accounts, platforms, assets and the like.
Multiple educational tools and resources are available to clients. One of these is the blog. It is regularly updated with pertinent information on trading activity. Posts include detailed analysis and insights on Forex market trading, stocks trading, digital currency trading, daily analysis, finance news, blockchain technology and the like. Other tools include trading tips, research, an economic calendar, open trading network tokens, and many other educational resources. Analytics are equally important. In-depth analysis is provided on cryptocurrencies, Forex trading, stock market activity and more.
Traders can boost their educational insights with video tutorials on Forex trading, moving average convergence divergence, multi-charts for trading purposes, rainbow patterns, trendlines and more. These lessons are available as a complimentary value-added service for clients. The FAQ section provides additional educational insights for a wide range of topics. These include general questions, trading, deposits and withdrawals, account-issues, trading tournaments, and open trading network options.
IQOption puts safety and security first. It is fully licensed and regulated to offer real-money trading in Forex, digital currency, stocks and ETFs courtesy of the Cyprus Securities and Exchange Commission. Further, the company is compliant with all aspects of European law vis-à-vis online trading in derivatives instruments. Client funds are maintained in separate bank accounts to company funds, to ensure that any insolvencies, bankruptcies or claims against the company do not affect clients. Further, the investor compensation fund ensures that clients will be compensated in the event of loss of funds in their account. SSL security and the highest encryption protocols are in place to safeguard the integrity of client accounts and banking information.
- Multiple contact options for traders
- Demo trading account with $10,000 balance
- Cyprus Securities and Exchange Commission Regulation
- Wide range of assets including cryptocurrency, Forex, stocks, ETFs etc.
- Wide range of banking options including Visa, MasterCard, Maestro, Skrill, Neteller
- Traders from certain countries not accepted
IQOption is a strong contender for the top UK trading broker. It offers a wide range of tradable assets, including 12 digital currency options. The demo trading account is particularly useful, and traders can access the mobile trading on iOS and Android devices. The trader-friendly platform is geared towards novices and experienced traders alike. Overall a quality brokerage.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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