The First thing that every binary options trader will struggle with is choosing a secure and regulated binary option broker. As there are so many brokers out there, this could be the hardest decision that you could make. Out of the thousands that are out there, I have chosen to trade with IQ option. In this review I will be talking about my IQ options trading platform and my personal experience with them.
IQ options started business in 2012 and they have drawn a wide range of investors since then. When I first heard about this broker and had done my checks I could see many positive reviews from traders who have traded with IQ option. As for me, trading on the IQ options platform has been great and I've had no issues with them. I will go into more depth as to why this broker is one of the best binary option brokers you could trade with. I will also discuss the features it has to offer.
Demo
IQ option has made the account type process really simple and I will explain them in this section. They offer 3 types of accounts, first one being a demo account. This completely free to use and they give you £1000 (whatever your currency is) demo money so you can practice strategies until you are ready go live. This practice money can be replenished so you don't have to worries if you run out of demo money
Real
To obtain a real account, all you need to do is deposit as low as £10 and then then you can start trading live. I found this awesome as most brokers you have to withdraw £250 which I know some may not have that kind of money to deposit straight away. Although I do recommend doing a bigger deposit when trading, IQ options make it possible so that anyone can trade even with a very small investment. Below is some more benefits to having a real account
You are able to trade on all the assets available
Trading Competitions
Free trading signals
3 day withdrawal time
VIP
You’ll need to do is deposit £3000 or over to have a VIP account. You get all the benefits with the real account with a few more extras
1 day withdrawal time
A personal manager
Monthly analysis meetings which they will help plan your trading strategies
Making Trades On The Platform
The platform is well designed, user friendly and really appealing to look at unlike some brokers. To be honest it’s the best I've ever seen. IQ option has done a really good job in creating this. Have such a well thought and designed platform has made it so much easier to understand and make trades on.
With IQ options you are able to make trades as low as £1 per trade which. This gives you better control of money management and you’re able to test out some strategies or ideas by placing super low trades. The maximum you can trade is £5000 per trade. This gives all traders a variety of trading investment options and you can select the amount you would like to trade based on how comfortable or confident you are with the risk you’re putting in.
Deposit
Banking with IQ Options is really easy and a simple process. They have many different ways that you can deposit money in toy our account. The options are as follows:
Visa/debit card
Skrills
Neteller
WebMoney WME
WebMoney WMZ
Remember you can deposit an amount as low as £10 unlike other binary option brokers.
Withdrawal
IQ option withdrawals again very easy to process and understand. They will complete or withdrawal request within 1-3 days on a real account and 1 day for the VIP accounts. You can make withdrawals through the same way as you deposit however they also have a Wire Transfer option. Just some proof of my withdrawals below :)
iq option withdrawals. profits that have now withdrawn into bank account.
Become Verified
Before doing anything in terms of making trades. Please verify your accounts. You can do this by scanning in your copy of your government issued ID (e.g. passport, driving licence, provisional), A scanned copy of your recent utility bill at least 3 months (I used my bank statement) and a copy of your credit/debt card ( to make this easy for you they want you to take a picture of the front and back of your cards) if you used or going to use them for depositing. As this is a regulated and secure trading platform they have to be sure no money laundering happens so don't scared when its time to be verified.
Is IQ Option a Scam?
My Conclusion
IQ Option reputation is grown in a rapid space of time and has gotten popular very fast. You can see why when you view the design, if you are apart of another broker then check out IQ Option you would see why this is so appealing. I would have to give top marks as the web platform is just so superior to others and they also have a downloadable app which also has a unique designed and user friendly system. Check out and have a test with the free IQ option demo account so you can see yourself as to why we give this broker a big thumps up for new or expert traders.
Please post your thoughts if you have used this broker. What is your experience with them or with binary options. Lets us know in the comments
