IQ Option, an online trading platform, was introduced by IQ Option Ltd in 2013. Its excellent asset selection composed of binary options, foreign exchange, stocks, indices, commodities, and cryptocurrencies, guarantees a trading condition that stands far more optimal than industry standards.
This financial solutions and brokerage site has an unprecedented market following, with over 20 million users from all over the world at the time of writing. This tight momentum can be traced primarily to the services rendered by IQ Option, which conducts most of its business operations out of its Cyprus office. The platform’s creators have a Cyprus Securities and Exchange Commission operating license and have followed the authority’s financial rules ever since it became a member.
Traders can choose from three different types of accounts on IQ Option. Clients have a decent choice of two live accounts and one for mock trading, and they can select which one is better for their trading strategies and preferences.
Standard Account- This account demands a minimum deposit of $10, which provides nearly all premium features. Clients would be able to increase their profits with over 70 assets and reasonably quick order execution. Furthermore, quick withdrawals are open, and non-EU customers can compete in the platform’s various trading competitions.
VIP Account- Traders must satisfy a number of criteria in order to take advantage of the VIP account’s trading conditions. Traders who have met a certain trading benchmark (a deposit of $1,900 or similar and a trading volume of $15,000) are typically granted this opportunity.
A personal manager, periodic reports produced by the platform’s analysts, and other trading analytics are among the premium services available. Notice that this account is only available to EU residents, and those who do not reside in the European Union are not permitted to open one.
Demo Account- – Although most brokers in the industry offer virtual trading, IQ Option stands out for making unlimited use of the demo account. Clients will have plenty of time to learn the ins and outs of the app because there is no time limit. Furthermore, this will be an excellent opportunity for those who want to experiment with new trading techniques in the future.
It has a $10,000 preloaded fund, and clients may load it further after the balance has been drained. This unique condition comes easy and hassle-free since the demo account does not need any details for registration. Clients’ confidential information and records are kept secret and secure for their privacy.
IQ Option Scope and Conditions
Although IQ Option is an internationally recognized brand, it does not offer services to citizens of some countries. Furthermore, before opening live accounts, this broker meets industry guidelines and requires clients to reveal pertinent details. For identification, interested parties must submit a copy of their passport and any relevant cards. Finally, EU clients must have evidence of address in the form of a utility bill or bank statement.
For clients in search of resolution, this brokerage site provides a variety of options. It has a number of active contact channels, including email, phone, and, most impressively, live chat. IQ Option prides itself on providing quick customer service, with a response time of just 46 seconds.
With the help of 83 customer service professionals, it also hopes to complete all ticket inquiries in 24 minutes. Its assistance is given in a variety of languages since it currently has an international status. Clients who do not speak English can seek assistance in French, Turkish, Thai, Norwegian, Spanish, Chinese, and other languages.
Education and Research
The most amazing and authoritative learning materials are available at IQ Option, which take into account the degree of mastery and experience required by both inexperienced and experienced traders. Numerous webinars, animations, and guides covering the basics of investing are included in the collection. E-books addressing technological know-hows and, finally, a special segment with Often Asked Questions serve as reinforcements. Traders should get a comprehensive and informative education from these manuals, which is critical for making informed decisions.
For many factors stated above, IQ Option is unquestionably impressive. To begin with, it has a powerful and attractive asset selection that has the potential to improve investors’ profitability to new heights. Its customer service is also praised for being extremely responsive. Finally, the trial account should be considered a benefit since it can be used without time restriction and limit. All of this, among other commendable features, confirms that IQ Option is a legal brokerage site.