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IQ Option Review

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Start Trading at IQ Option with $10

IQ Option has become one of the biggest and most popular binary options brokers in the world. If you’re thinking of learning how to trade, or you are looking for a new and better binary options broker, this is likely one of the top sites you will find after a quick web search. But do you know what IQ Option is about or whether they are right for you? We’ll start out your search and tell you the things you need to know about this broker and help you to make an educated decision.

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Who Can Trade?

You need to be at least 18 to trade at IQ Option. You also need to live in certain parts of the world. IQ Option does not allow traders from the United States, Canada, or Japan, to name a few places. This is because of regulatory restrictions.

Is IQ Option Regulated?

Speaking of regulatory restrictions, IQ Option is a fully regulated broker. They are overseen by CySEC, the Cyprus Securities and Exchange Commission. In the world of European binary options, this is one of the biggest and the most respected governing bodies there is. To be approved by this body, IQ Option has certain rules they need to follow. Only traders from certain parts of the European Union can legally use this broker, and their financial actions need to be handled in a safe and secure way. It’s always smart to go with a regulated broker, and IQ Option has one of the best regulators backing them.

How Do I Start?

If you want to trade at IQ Option, and you fit the criteria listed above, then you need to create an account here. You’ll need to give your name, country of residence, email address, and other basic information like this. The signup process is really simple as it basically guides you through everything step by step.
You Can Start Trading on a Free Demo Risk Warning – Have in mind that investors can lose all their capital by trading binary options.
Once you’ve created an account, the next step is to fund it. You can use a MasterCard or Visa, a wire transfer, or an e-wallet. They have several options as far as e-wallets go, but some of the bigger names include Skrill/Moneybookers, Neteller, CashU, WebMoney, and Qiwi. E-wallet and credit card deposits will be IQ Option has the lowest minimum deposits that we could find of any binary options broker. You can deposit just $10 if you want.

How Do I Trade?

The IQ Option trading platform is simple and user friendly. Most trades can be executed from one single page which speeds up the process and ensures that you aren’t clicking around a lot to find things. IQ Option provides their traders with the call and put options that you expect, going down all the way to just 60 seconds before expiry. There are no boundary or touch options like some other brokers provide, which is a small mark against them. However, they offer more than 70 different underlying assets, ranging from stocks and indices, to commodities, to Forex pairs. This is more than enough for the vast majority of traders.

IQ Option does have mobile trading. You can download either their iPhone app or their Android one, depending on the device that you have, and make trades while you’re on the go. This can be helpful at times, especially if you have a busy schedule and know exactly what you’re looking for in a trade.

Perhaps one of the most unique features of IQ Option is their robot trading. This is a proprietary thing, and it has helped IQ Option to separate themselves from the crowd. You can customize what kinds of things your robot will detect and automatically trade on, or you can choose from a library of existing robots that other traders have designed. We highly recommend that you practice your automatic trading from an IQ Option demo account first. This way you can get a feel for what you’re doing before you start risking money.

How Do I Withdraw My Earnings?

When you’re ready to withdraw your earnings, you first need to make sure that you have been compliant with their paperwork requests. All traders need to submit a copy of a government issued identification card (front and back) and a copy of a utility bill that shows their residential address before they can complete a withdrawal. If you made a deposit with a credit card, then you will need to also send in a scanned copy of that card (front and back). For safety’s sake, they recommend blacking out the first 12 numbers of your card (last four showing), the CVV, and the expiration date of the card.

No one likes paperwork, and this might seem like a huge hassle, but it’s there for a good reason. CySEC and other regulatory bodies have found that simple measures like these go a long way toward preventing money laundering and other types of fraud. It’s a hassle, sure. But it also is a necessary measure that protects all of us. We’re okay with that and you should be too.
If you are withdrawing more than what you deposited and you used a credit card, you will experience a slight inconvenience. Because of the way that credit cards work, IQ Option can only deposit up to what you withdrew. If you fall under this category, you can either break your withdrawal down into two different withdrawals, using either an e-wallet or a wire transfer for the remainder, or just use one of these alternatives as your only withdrawal method. It’s best to get in touch with customer support if you find yourself in this situation.

Withdrawals take about 72 hours to process, and then a day or two afterward before the money shows up in your account. This varies a bit depending on the type of account you have and how fast your financial institution processes things on your end.

Perhaps the best thing about withdrawals form IQ Option is that they are free of charge. Your bank or e-wallet might have a fee on that end, but IQ Option does not charge you for withdrawals. These fees are typically small at other brokers, but they can be a pain. IQ Option gets rid of them completely.

Should I Trade at IQ Option?

If you are looking for a new broker, you’re legally allowed to trade at IQ Option, and you liked the things that you read above, then this very well could be the right broker for you to trade at. If you have questions, look over their site first and try out the IQ Option demo account. This way, you can see what the site is like in real time without risking your own money first.

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Risk Warning – Have in mind that investors can lose all their capital by trading binary options.