Introduction
IQ Option was developed in 2013 by IQ Option Europe Ltd. It is a custom built binary options trading platform that’s fast paced, offering trading in up to 5 minute increments, and has favorable reviews all around, covering just under one hundred different types of underlying assets. The platform is a refreshing take on the idea and avoids looking like your typical trading options. It is highly functional and innovative from the way it’s constructed to the user experience and education. This platform avoids superficial and tacky marketing to give you the experience of a legitimate trading environment. IQ Option’s only offered commodity is Gold. There is a low minimum deposit of $10 and the platform offers internal contests to boost trades and to create healthy competition. This is a great way to make lots of extra income for successful traders.
Features
They offer a free demo account for a limited time if you are looking to give it a try and learn the system before signing up. The platform is both user friendly and mobile friendly with a dynamic app for Android and Apple devices. This is a big selling point for the app as it is far easier to use than many binary trading app options currently on the market. It simplifies the trading experience and is said to even be preferred over the desktop site. The service is offered in up to eight languages. Though it is an unusual platform, it is generally pleasing and effective for speed-trading. IQ Option is a transparent brokerage that can be trusted with your business, as they are regulated by the well-known and respected CySEC agency.
The Down Side
The down sides of IQ Option are few, but are worth noting. Expiration times are short, expiring at the end of the day, eliminating some potential for longer term traders. If you are reaching for an option that is familiar and anything like what you are used to dealing with then this option may not be the choice for you. Additionally, customer support is limited as live services are minimal. Since IQ Option is a fairly new platform, it may not offer all that other platforms can, but complaints and down sides are fewer and farther between.
The Pros
For a beginner trader who is ready for anything, IQ Option gives you a fun and easy push into that world. It avoids much of the hard to understand jargon so a person at any level can be comfortable diving in, likely why it is becoming one of the most popular trading platforms currently on the market. There are minimal bells and whistles or frills and the system set up allows you to go in and get to work on what you are really there for, creating a satisfying experience. Another wonderful perk of IQ Option is the access to creating a VIP account. VIP members can reap the benefits of up to 60% returns as well as a personal manager, giving the feeling of actual exclusivity and elitism.
Overall, IQ Option is a great choice for your online or on-the-go binary trading needs compared to competitors on the market today.