IQ Notice Full option: the broker that climbs

4.8

Our Summary

The web trading offer has never been so varied: regulated brokers, specialised brokers, brokerage banking services. It is now simple to achieve all your ambitions as a trader while respecting your budget, skills and objectives. It is clear that the greatest number of initiatives and technical innovations come from online trading platforms that have actively democratised financial investments on stock exchanges. Amateurs and professionals alike find themselves sharing sites designed to make trading in financial instruments as simple as possible. It is then a matter of finding the best broker to carry out one’s own financial transactions and make a profit. IQ Option is one of those Fintech players that never ceases to surprise since its arrival on the market in 2014. It is remarkable to note a balanced and laudatory IQ Option opinion in many European countries. The regulated broker has become the market leader in Germany, Austria, Switzerland and a large part of Scandinavia (Sweden and Norway). Its progress is easy to measure in other countries. Its certification by the Eurozone regulator CySEC sends a strong signal of reliability and seriousness. IQ Option in UK has consolidated its image as a reliable broker thanks to the authorisation granted by the AMF (Autorité des Marchés Financiers) What is it that makes the online trading site attract so much positive attention? What are the advantages of the broker to make the difference in the face of a fiercely competitive offer?

iq option notice

How do I open compte ?

Worthy representative of the generation of technology applied to finance, IQ Option has set up a simple, fast and 100% digital trader account opening system. The modus operandi is transparent. All you have to do is fill in the online form available to future investors by entering the required personal data: surname, first name, telephone number, contact email. For the hyper connected it is possible to make this operation even simpler by linking a Google or Facebook account for a quick registration. Once this step has been validated, a validation code is sent by SMS to the telephone number indicated. Enter it to access the trading interface. The newcomer is then offered a choice:

  • take advantage of the IQ demo account Totally free training option
  • start trading on the real money trading account by making an initial deposit and sending supporting documents (ID proof of address less than 3 months old) to the support for validation

The IQ Option demo account

Like other CFD brokers, the platform gives the opportunity to easily and free of charge test its functionalities and strategic possibilities. By choosing to create the IQ Option demo account, the budding investor discovers the world of online trading without any pressure of financial loss. A fictitious capital of $10,000 is made available. He can dispose of it as he wishes by trading in real conditions: opening a position, closing an order, stock market trends, signals, real-time price charts, setting profit and loss limits (Take Profit / Stop Loss). The catalogue of financial products is wide enough to realize the multiple possibilities offered by the broker: IQ Option forex, IQ Option crypto currencies, stock market indices, commodities, shares. We believe that IQ Option puts all the assets in the hands of traders so that they can succeed with an efficient and adapted investment strategy. The IQ Option demo account is an excellent training area that puts into practice all of the training given on the site.

iq option

Trading platform

The online broker has a state-of-the-art trading platform with innovative technologies that make the trading experience unique. It is recognised by all as being flexible, responsive and particularly intuitive whatever the action carried out: deposit, withdrawal, asset portfolio management, automatic trading, fast order placement, technical analysis. Let’s take a comprehensive overview.

The automatic trading robot

Let’s start this immersion in IQ Option trading with the IQ Bot automatic trading robot. This is an IQ Option trading aid that allows you to invest in the financial markets easily and, above all, automatically. It is based on MetaTrader’s infrastructure, which is an indisputable guarantee of reliability. The entry fee is $100 which, according to experts, is largely offset by the level of performance of the algorithm developed by the technical team. The trading bot will continuously manage a portfolio of financial instruments autonomously in order to generate as much profit as possible. Keep a cool head, however. This tool, the shining symbol of FinTech, requires fine tuning (conscientious and responsible) to be efficient without endangering your funds. A solid knowledge of stock market mechanisms and a reasonable strategy are essential to get the most out of this tool

The mobile platform

Once again, IQ Option has been successful with its high-flying mobile application. On the App Store (for devices running iOS) or Google Play (for mobile devices running Android), downloading IQ Option opens up a new world of freedom. Online trading becomes possible at any time and anywhere. The proposed interface has been designed in Responsive Design on the model of the MetaTrader WebTrader software, which is a guarantee of performance and stability. Traders on the move will find the full browser version with impressive results. Depositing, withdrawing, placing an order or contacting customer support are actions that you can perform from the IQ Option application. The implementation of email and/or SMS alerts reinforces permanent control over your investments.

Deposit and withdrawal methods

It is very easy to make an IQ deposit to your user account. Several payment methods are offered to satisfy a large number of customers:

  • bank transfer
  • visa and Mastercard credit cards
  • electronic wallets or eWallets: Skrill, Neteller, Webmoney
  • payment options limited to certain countries such as Sofort or Klarna

The minimum deposit is $10, free of charge and immediate. The broker allows several currencies such as Euro, US Dollar or Pound Sterling. As far as IQ Option withdrawals are concerned, the procedure is just as simple if your account has a positive balance. One notable difference from the competition is that the broker offers the withdrawal as low as $2. However, it is good to know that a fixed fee of $31 is applied for all outgoing transaction requests by bank transfer. All deposit methods can be used for withdrawals. We advise you to make your withdrawals via the eWallets. IQ Option fees are low and the processing time is 24 hours maximum.

IQ Customer Support Option

This is an undeniable asset of the online trading platform. Customer feedback is generally very good. The team of expert trading advisers is praised for its professionalism, active listening and responsiveness. It is possible to contact customer service 24 hours a day and 7 days a week using several methods:

  • by telephone with 3 separate lines according to the language spoken: English, Spanish and Portuguese
  • via the live chat available from the website
  • by opening an incident ticket in the CONTACT section of the platform

The broker proudly displays more than positive qualimetric measurements:

  • 46 seconds wait before being taken over on live chat
  • incident tickets are processed in an average of 24 minutes
  • vIP customers have a personal account manager

The IQ Option training

What about IQ Option’s trading aids? The broker is recognised for the high quality of his support in learning the ropes of online stock market investment. Beginners and professionals alike have access to an important database. As they build their career as web traders, they find adapted, relevant and explicit answers to their questions. IQ Option training is therefore progressive and consistent with the level of technical skills. We have already mentioned the IQ Option demo account, which is, in our opinion, the best practical learning method. In real-life situations, in secure conditions and without psychological pressure, it is easier to grasp the complexity of how the stock market works A very comprehensive FAQ covers all general topics: how the platform works, technical lexicon, etc The IQ Option blog is a goldmine where the broker’s analysts and financial advisors publish articles on economic topics related (or not) to stock market news. Argumented analyses are proposed as well as financial investment advice. Finally, IQ Option tutorials are put online to clarify certain technical points and make them their own: graphical analysis, leverage effect for example.

Security

Security is at the heart of IQ Option’s concerns. All personal data is protected by a 256-bit SSL encryption protocol, like those used by banks. Similarly, incoming and outgoing transactions are protected by the 3D Secure cyber protection technology that is also found in many banks. An important concept for regulatory authorities: traders’ funds are guaranteed by a group of banks that are partners of the online trading platform.

Fees and rates

Many observers agree that pricing policy is a criterion to be taken into account when choosing an online broker. The IQ Option fees have nothing to envy the competition. Management fees and brokerage fees are just as attractive for beginners as they are for professionals.

Trading fees

IQ Option operates, like others, on a policy of commissions, or spreads, on a good part of the financial instruments open to trading. These are fixed charges calculated on the basis of the initial investment. These spreads are to be taken on forex (currency pairs), crypto currencies (IQ Option Bitcoin for example), indices (e.g. CAC 40) and commodities (gold, oil, etc.).

Non-trading expenses

The trading platform is also based on very low fees for day-to-day management operations, apart from the commissions charged after a position is closed. An average of 3% is charged for foreign exchange transactions between currencies (deposit or withdrawal). An inactivity fee of €10 per month is applied when a trader account does not place any stock market orders for 90 consecutive days.

Markets and financial products available on IQ Option

The broker is part of what is known in the jargon as a Market Maker. That is to say that the platform reproduces the reality of the different financial markets identically, tracks and updates prices in real time. The trader never really buys the financial product on which he speculates. He simply relies on price changes. Upwards (buying) or downwards (selling). The investor makes a profit on the difference (calculated in pip) between the opening and closing of a position. If the difference is to the trader’s advantage he makes a profit. Otherwise he assumes losses. IQ Option is therefore a diversified CFD broker with a wide range of opportunities

  • forex with 188 dynamic international currency pairs such as EUR / USD or EUR / JPY
  • stock Market CFDs with a choice of over 7,500 companies listed on the NASDAQ or NYSE
  • 14 renowned and active crypto currencies, such as Bitcoin, Ripple, Dash or Ethereum. IQ Option has even made a name for itself among Bitcoin CFDs by offering advantageous trading conditions
  • main and reliable stock market indices (Dow Jones 30, CAC 40)
  • 14 commodities including gold, oil, gas and silver

Access to the content of the online trading platform is subject to limitations depending on the type of account selected:

  • the Standard account After validation by the support and a minimum deposit of $10, the trader has access to approximately 70 assets with orders starting at $1. All the configurations to limit risks are available: Take Profit / Stop Loss mainly. This is the ideal account for beginners and prudent traders
  • the VIP account it is the pro IQ Option account. Traders switch to the MetaTrader 5 (MT5) platform, which extends their tools with advanced technical analysis, trend proposals and Money Management refinement tools for highly accurate management. The entry fee is $3000. A dedicated account manager follows you step by step. A performance report is provided monthly. Withdrawals are processed on a priority basis in just a few hours.

Conclusion

What can be concluded from the CFD broker IQ Option? Does it really justify the craze it generates? In a global manner and with genuine certainty we can conclude in this sense. IQ Option is an excellent online trading platform. It brings together in a reliable, flexible and intuitive tool the best of the stock market services that one is entitled to expect when creating a trader account. The customer service is undeniably a strong point with a permanent and efficient presence thanks to the multiple technical means implemented; 24/7 on the live chat, the CONTACT section or the telephone lines in 3 languages. The reaction time and processing speed are exemplary. The platform itself is a jewel of FinTech. By relying on the different versions of the MetaTrader software, depending on the needs of the traders, the online broker ensures stability and infinite growth potential. All the most useful features are available from the Standard account; the VIP account completes the customer experience with personalised services and a significant improvement in financial strategies. Definitely the account for intraday traders who aim for the long term. The trading offers – markets and products – are among the most comprehensive for a diversified broker. It is an excellent CFD broker with advantageous conditions for crypto currencies. The automatic trading robot is an incredible added value. However, it should not be put into inexperienced hands. Brokerage and account management fees are particularly low, which has a major impact on the profitability of a portfolio. One could regret that there is no welcome offer, with, for example, an IQ Option bonus without deposit to experiment in real life without any risk of financial loss. In return, the broker has developed an IQ Option sponsorship programme that rewards both sponsoring and sponsoring traders with free brokerage fees. Customer feedback is generally positive on all the points mentioned. In our opinion, IQ Option is currently one of the best brokers in UK for online trading.

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