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About IQ Option
IQ Option has rapidly taken the binary options trading world by storm, having grown to become one of its biggest brokers around in just three short years. A bit part of its appeal stems from the fact that it offers one of the lowest minimum withdrawal and deposit sums around at just £10. This feature means that the average person can partake in own binary options trading without having to invest huge sums of money.
IQ Option adheres to all of CySec’s regulations as well as MiFID’s guidelines and protocols, ensuring that your finances and information are kept safe and sound. IQ Option’s commitment to protecting your sensitive financial information was demonstrated when it won MasterForx-V’s “Most Reliable Binary Options Broker” award back in 2014. In 2015 they registered with the FCA, so traders in the UK will receive yet another layer of protection against fraud.
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Platform Features
IQ Option is constantly rolling out updates to its software, with the highly anticipated 4.0 release having gone live recently. This platform has proven to be immensely popular with traders due to its ease of use and slick, polished interface. The entire UI can be customised to your liking too – adjust windows, buttons, graphs, and assets in any manner you’d like.
Statistics geeks will absolutely love the myriad of different graphs and plots available to you. The ten analytical tools at hand can break down a binary options asset in a whole multitude of different ways, displaying every kind of technical data even remotely related to your trade. These charts can be marked by hand if you want to add your own touches, adding an additional level of customisation to their already powerful trading platform.
A particularly welcome feature of IQ Option’s trading interface is that it always keep you up to date not just with how the markets are performing, but also the sentiment and mood of the traders in the mix. Right above the analysis tabs is a graph that plots the average mood of all active traders currently investing.
Within these windows are all of your price and market information as well, and you’ll always receive the latest information about how all of your assets are performing. Each asset window contains the expiry time; market performance, estimated profit/loss, and trading buttons that let you move assets around in any way you’d like. If your asset is currently underperforming, IQ Option will let you know how much it needs to change in value before it moves into the green. The expiry time is always listed next to your assets, and once it has reached zero it will let you know if a trade was successful or not. All trades must total a minimum of at least £1 – a very reasonable investment by anybody’s standards.
I haven’t even begun to list all of the features available here – I highly encourage you to explore all of the windows and tabs for yourself.
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Trading Choice
IQ Option has taken the bold step of radically simplifying the trading process. It offers just two trading types, meaning that you won’t have much of an issue deciding what to use. The first one is a traditional binary options trade, which merely involves betting upon whether or not a given asset will increase or decrease in value. The second one is IQ Option’s Turbo mode, which functions identically to its traditional binary options trading save for expiry times that are as short as one minute. The account set up also proves to be just as simple, which means that members can trade here and implement a binary options strategy without a second thought.
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Mobile Trading
IQ Option’s powerful trading app offers all of the functionality offered on their home site, as well as the ability to access your account and funds whenever you want. Their app works with all Android and iOS devices, and it is constantly being updated to run smoother and better. The trading interface that makes binary options trading such a great experience is carried over, and the level of customisation you can implement is certainly impressive.
All your deposits and withdrawals can be handled on the app, and because it was developed by their own coders it is completely and totally integrated into the home website. You’ll never run into any compatibility issues nor will you struggle with any buttons or features that don’t work correctly. The constant application of feedback from traders who use the app mean that it includes all sorts of functions and features that traders are looking for.
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Payout Percentages
IQ Option’s payout rates are quite fair. Averaging the total of all the binary options trading that goes on, you can expect an 84% average payout rate. Just make sure to pay attention to all individual variation between assets. A really cool feature that IQ Option lets you do is to reduce your rate of payouts in return for refunding a portion of your losses. Used properly, this can act as a very powerful form of insurance against losses.
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Withdrawal and Deposit Options
IQ Option makes it really simply to deposit funds. Once you’ve registered your account, you can make a deposit either with credit/debit cards or popular online transaction services such as Neteller and Skrill. The mandatory minimum for deposits is a very reasonable £10, but you might want to hold out for a larger initial deposit, depositing at least £1,000 pounds will move you into IQ Option’s coveted VIP status. VIP customers receive a lot of added perks, such as one-day clearing times and a return limit rate of 60%.
As is the case with many reputable binary options brokers, you’ll be expected to provide some proof of identification before you can begin withdrawing funds. This is to ensure that nobody can empty out your account without you knowing. Make sure to stay abreast of what is needed; otherwise it could take quite a while to clear your funds. Keep some bills and a valid ID handy, plus photos of any credit/debit cards you use. As is the case with deposits, all withdrawals must total at least £10 in size. No fees are charged for withdrawing funds at IQ Option.
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IQ Option Final Thoughts
Binary trading is a bit less well known, which means that it can be harder to find a great binary options broker. IQ Option is a great example of how to do it right – they completely built their own platform from scratch so as to design it around what was best for their traders. Perhaps it is for this reason that IQ Option’s platform is so popular. But a slick interface isn’t the only thing that makes IQ Option such a great choice, as its world-class customer support, excellent mobile platform, fair payout rates, and full adherence to industry-standard regulations and security protocols ensures that you won’t find a better binary options broker anywhere else.
If you haven’t yet found the right broker for you, IQ Option will be the one to end your search. Unlike most other binary options brokers, the people here know exactly what they are doing.
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