IQ Option is a regulated broker that is praised by the most respected experts in the online trading industry. Home to millions of traders and very popular in Europe. IQ Option offers a wide range of tradable CFD assets including forex, crypto, stocks, indices, commodities and ETFs.
One of the greatest advantages of IQ Option is that you can open a real account with only $20 or €20 in EEA – one of the lowest minimum deposits in the market. IQ option also offers a free $10,000 demo account for you to practice trading and test the IQ Option platform entirely risk-free.
The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the most recognized and well-established financial regulators in Europe.
IQ Option Account Features
IQ Option offers 2 real accounts and 1 free demo account to test out their platform without needing to risk any real money. The simplest way to open an IQ Option account is through Facebook, Google or by simply using a valid email address.
Once you have signed up to IQ Option, 2 accounts will automatically be created for you: a free demo account and a real account with $0 balance.
IQ Option Demo Account (FREE)
The IQ Option demo account is a practice account with $10,000 in virtual funds that IQ Option allows you to access for free to test out the waters before investing any real money. This account is unique in that IQ Option gives you unlimited access to their free demo account. While most brokers out there give traders limited 72-hour demo accounts and then push them to start depositing real money, IQ Option understands the importance of practice and gives you total freedom to trade with zero risk for as long as you want.
This is perfect for complete beginners, who will get the chance to practice trading with no actual risk involved. Through the IQ Option free demo account, you will also have the opportunity to see exactly how the IQ Option trading platform works. It will be exactly like real trading, but without any real money involved.
IQ Option Real Account ($20)
Once you’ve got a first taste of the IQ Option trading platform, you can easily open a real account with a minimum deposit of only $20 (€20 for users from EEA). Most forex brokers require deposits between $200 – $250, so this is definitely an amazing advantage of trading with IQ Option.
Through the IQ Option real account, you will gain access to over 300 underlying assets and numerous trading tools.
While IQ Option originally opened its doors in 2014 as an online trading broker, today they have it all. The broker has over 300 assets available and continues to increase this number each year.
IQ Option Assets
On the IQ Option trading platform, you can trade:
- Forex – 30 major, minor and exotic currencies (ex. EUR/USD, USD/JPY etc.)
- Crypto – 12 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dash Ripple, Qtum, TRON, Bitcoin Cash, OmiseGo, Zcash
- Stocks – 192 stocks (ex. Coca Cola, Ferrari, Facebook, Disney etc.)
- Commodities – at this time there is 3 commodities
- ETFs – 25 ETFs (ex. Gold miners ETF, oil services ETF etc.)
IQ Option recently added the increasingly popular cannabis stock CFDs to their trading platform. These include Aurora Cannabis Inc, Canopy Growth Corp, Cronos Group Inc, GW Pharmaceuticals – Adr, Tilray Inc-Class 2 Common, Anheuser-Busch Inbev-Spn Adr, Etfmg Alternative Harvest and more.
The minimum trade price is $1 for forex and CFDs. The maximum is $20,000.
How to Trade with IQ Option for Beginners: 4 Easy Steps
One of the great advantages of the IQ Option trading platform is that you can find all the underlying assets on the same dashboard. Now, to start trading, all you need to do is:
Step 1: Select an asset
Step 2: Predict this asset’s direction
Step 3: Make an investment
Step 4: Close the position
For more details, take a look at the video below.
IQ Option Trading Platform
IQ option has developed their own proprietary trading platform, which has been well-designed and created to be especially simple and easy to use – even for complete beginners. A good way to get accustomed to this trading platform is through the IQ Option free demo account, as mentioned above.
Through this platform, you will also gain exclusive access to charts that display the most recent market trends, so you can make judgement calls with the latest information at hand.
Currently, IQ Option is responsible for a large volume of trades every month, so their trading platform has a track record of being especially loved and used by many traders across Europe. With this global reach, the IQ Option platform is available in the following languages:
IQ Option Trading Chart
The IQ Option platform is generally dominated by a huge chart. You can always use the multi-chart view which enables the trader to choose between more than 20 chart grids, depending on how many assets you are keeping track of at the same time.
You will notice the platform has graphical charting tools like trend-lines and Fibonacci tools. IQ Option also includes is a long list of indicators, such as the RSI, CCI, Alligator, Bollinger Bands and others.
Don’t forget to set your Take Profit and Stop Loss, so that you don’t need to constantly be in front of your screen monitoring trading positions. With this feature, your trades will close automatically at the price level you have personally set in profits or losses.
IQ Option Mobile Trading
If you prefer trading on-the-go, you can access the IQ Option platform from your mobile device or tablet. You can do this either by downloading the IQ Option app for free, or by accessing the platform on your mobile web browser. The IQ Option app is easy to use and offers a clean, intuitive graphical interface. The application also allows IQ Option push notifications for your trading alerts (more on this below).
You can find the IQ Option mobile app on Google Play or the App Store – depending on whether you own an Android or Apple device.
What are IQ Option Price Alerts?
Part of being a successful trader is knowing when to buy or sell an asset. IQ Option makes this easier by automatically notifying you when an asset has reached your desired price. All you need to do is set up price alerts.
- Select an asset
- Click “Create alert”
- Set the price you want to be notified for
IQ Option Education: Learn How to Trade with IQ Option
The right education and training material are essential when it comes to trading. No one should jump in with no idea how forex trading works. Luckily, IQ Option provides their traders with a wealth of valuable educational material that have proven useful for both beginners and experienced traders. These include trading videos, tutorials, webinars, e-books and a FAQ section that addresses all the main trading questions you may have.
If you are serious about trading with IQ Option, we strongly recommend you go through all this educational material beforehand. All trading comes with some degree of risk and you need to aware of how the process works. You can then practice what you’ve learned through the IQ Option demo account.
IQ Option provides you with all the tools you need in order to be a successful trader – so use them!
Traders can contact the IQ Option customer support team 24/7 via phone, email or live chat. Up-to-date contact information can be found on their web site.
IQ option Banking & Company Information
The minimum deposit to open a real trading account with IQ Option is 20 USD or 20 EUR in EEA. For EEA users, the minimum deposit to open a real trading account with IQ Option is 20 EUR.
Within one week after the first deposit, traders are required to go through a verification process. This defers depending on your country. For the EU, this includes providing personal information, adding a phone number and uploading a photo ID.
The deposit methods you can use are the following:
- Bank wire transfer
- Credit card (Visa, MasterCard)
- Debit card (Maestro, Visa Electron)
- E-payment methods (Skrill, Neteller, WebMoney WME, WebMoney WMZ)
As for IQ Option withdrawals, the method you choose will depend on your deposit method. Either way, your withdrawal request will be processed within one business days. If you used a bank card, IQ Option will also require you upload a picture of both sides of your card. Make sure to hide the CVV number for your own security.
IQ Option Affiliate Program
IQ Option is not only considered to be one the top brokers for online trading, but has one of the best affiliate programs available.
An affiliate program is a type of partnership with a brand that earns you profit if you promote them successfully. By being an IQ Option affiliate, you gain the opportunity to make up to 50% of the broker’s profit by promoting IQ Option on your blog or website.
You will be promoting IQ Option through what are known as affiliate links, special links with your unique ID on them to track if a user has found IQ Option through your website or blog.
So, how does the IQ Option affiliate program work?
We broke it down for you into four easy steps.
Step 1: Join the IQ Option affiliate program
Step 2: Get an affiliate link
Step 3: Post the link on your website or blog
Step 4: Earn up to 50% profit when a user clicks on your link and starts trading with IQ Option
Twice a month, your earnings will be transferred to you via the payment methods you prefer.
If you’re interested in finding out more about the IQ Option affiliate program and how to make up to 50% of profit, read our IQ Option affiliate program review.
Conclusion: Is IQ Option a Scam?
IQ Option is definitely not a scam, but one of the best and most trustworthy brokers online. Through the process of this review, we discovered a wealth of positive feedback from IQ Option traders and continue to be impressed by their professionalism and transparency. This company is regulated and licensed by one of the top regulatory agencies in the EU and continues to put their traders first by providing them with a well-renowned platform, a free unlimited demo account, a vast majority of educational material and over 300 available assets to trade.
You can’t go wrong with IQ Option, so if you’re looking for a fully-regulated and reliable broker to trade with, we highly recommend giving IQ Option a shot. After all, their demo account is free, and their real account is only $20 (*the minimum deposit for EEA users is 20 USD/EUR/GBP) – so what more is there to think about?