IQ Option

Details

Broker IQ Option
Website URL
Trading Platform IQ Option terminal or Web-based
Minimum 1st Deposit $10
Bonus T&C Apply
Free Demo Account Yes
Regulated Yes
Deposit Methods Bank Transfer, VISA, MasterCard, WebMoney etc
Withdrawal Methods Bank Transfer, VISA, MasterCard, WebMoney etc
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score

Pros

  • Flawless customer experience
  • Comfortable trading

Cons

  • Two account levels for customer support
  • No auto-trading robots

IQ Option Review – About the Company

IQ Option is an online trading platform that allows to trade Contracts for Difference (CFDs) on major Cryptocurrencies, stocks, Exchange Traded Funds (ETFs), Forex and various digital options. Read this comprehensive IQ Option review to find out all the advantages and disadvantages of using this online broker and their trading platform.

IQ Option is based in Cyprus. It is regulated in the European Union by the Cyprus Securities and Exchange Commission (CySec) with the licence number #247/14. The business is fully compliant with the legislation and is authorised to sell financial products to clients in a number of jurisdictions.

IQ Option has more then 22 million client accounts in 150 countries  with monthly trading volume over $300 million.

IQ Option Review | EthereumTrading.pro

IQ Option Review | EthereumTrading.pro

IQ Option Broker – Markets Covered

IQ Options allows trading CFDs on most of the asset classes like stocks, indices, ETFs and, of course cryptocurrencies –  most popular asset class these days.

With IQ Option you are able to trade CFDs on 12 of the top cryptocurrencies including Bitcoin, Bitcoin Cash Ethereum, Ethereum Classic, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.

IQ Option Review | EthereumTrading.pro

IQ Option Review | EthereumTrading.pro

LIve or Demo accounts

For beginner traders who are interested in testing out the platform, IQ Option offers a $10,000 demo account facility. You can test your trading strategy with a virtual portfolio first to see how it would have performed. Once you feel confident, you can start trading with a real money account.

With real money account IQ Option requires a low minimum deposit and new traders can start off by depositing as low as $10. There is also a VIP account available for those who deposit more then $3,000. It comes with dedicated personal manager and monthly report on user trading activities.

IQ Option Review | EthereumTrading.pro

IQ Option Review | EthereumTrading.pro

Fees & Commissions

IQ Option doesn’t charge deposit or withdrawal fees.

There is a fee of 15% of the transaction for opening un-leveraged CFD cryptocurrency position. The fee for opening a leveraged CFD position could be up to 5%.

One of the unique features offered by IQ Option is that clients are entitled to use OTN tokens to reduce the brokerage commission for opening CFDs on cryptocurrencies. This is offered at a current internal rate of OTN tokens value for paying commissions on the OTN tab of the trading platform.

Advantages of the IQ Option platform

With IQ Option innovative trading platform, one can start building crypto investment portfolio today. IQ Option offers up to 10 times leverage margin trading and short sell availability in any market condition. Account set up takes seconds and they have a round-the-clock support team on hand to help you start trading as soon as possible, from the comfort of home. 

Since introduction of IQ option Crypto Platform, many clients took an advantage of trading cryptocurrencies with CFDs.

  • Withdrawing and transferring using IQ Option Crypto website takes just one business day.
  • Its customer service is available 24/7 
  • It has a $10 000 free demo account
  • IQ Option Crypto Trading software accepts both debit and credit cards.
  • It has made money transfers easy
IQ Option Review | EthereumTrading.pro

IQ Option Review | EthereumTrading.pro

However as with any platform nothing is perfect and there are certain disadvantages of using the platform. As cryptocurrency trading becoming very popular today, the customer service response might take a bit longer then usual. There is also a dormant account fee which can go up to $50 per month if you do not trade.

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