🔥 IQ Option Test 2021: Broker Experience & Rating

Anyone interested in stocks, commodities or even for crypto currencies interested, he will keep an eye out for providers on the Internet through whom these assets can then be traded. However, since there is a wide range on offer, you should definitely make a comparison - this is the only way to find the best provider for you. But only if you could clarify in advance what is personally important to you. Are you interested in certain assets, low fees, or the assurance that you are dealing with a reputable broker?

IQ Option, founded in 2013, was one of the first brokers on the market to address private individuals with its offer. The interest in IQ Option has increased every year - and that is the first indication that it is a reputable provider. Another clue is regulation by the Cyprus Securities and Exchange Commission (CySEC for short). This is the regulatory authority operating in Cyprus.

But can the broker also convince in the area of ​​services and how good is the customer support provided?

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IQ Option Brief Overview - The most important facts about IQ Option

• The broker is regulated by the Cypriot regulator
• IQ Option has been around since 2013
• More than 260 underlyings are offered
• IQ Option also offers trading in cryptocurrencies
• There are two types of accounts
• The broker also provides a free demo account

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Registration with the broker IQ Option: Our step by step guide

If you want to use the services of IQ Option, it is necessary to open an account with the broker. A few minutes should be allowed for the account opening - but to be fair, it should be mentioned that beginners are not faced with any challenges. IQ Option has taken special care that it is not made too difficult for beginners.

1. Registration with IQ Option 

On the main page you will find the point "Register". A window then opens. Then just fill in the fields - IQ Option only requires your name, an email address, a telephone number and a password. The account opening is now complete.

2. Verification

Now the verification follows. In this case, the newly registered trader must submit a copy of his photo ID, which can either be copies of his driver's license, ID card or passport.

3. deposit

The amount of the minimum deposit is another indication that IQ Option also wants to appeal to beginners. Because the minimum deposit is just 10 euros.

4. Trading on the platform 

Once the minimum deposit has been made, nothing stands in the way of trading. Now you can invest your money in the markets.

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What is the IQ Option broker? The history of the broker

The broker recognized relatively early on that there are more and more private individuals who are interested in CFD trading or speculating in forex. This is because classic financial products have simply become unusable. The European Central Bank's zero interest rate policy may sometimes be continued in the next few years - there is simply no end in sight. So it is not necessarily surprising that more and more investors, even those who would describe themselves as security-oriented, are now trying to build up a fortune through IQ Option. This means that even all those who only had a savings account a few years ago are now speculating in stocks, ETFs or crypto currencies.

The Broker was founded in 2013 and tries to convince with a wide range of retailers. Above all, IQ Option tries to be a contact for beginners who have not yet had any experience in the field of trading.

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Our IQ Option experiences: The IQ Option conditions put to the test

And the provider also seems to succeed. Especially if you deal with the conditions of the broker, you will come to the conclusion relatively quickly that this broker can be recommended to beginners as well as beginners.

Trading at IQ Option: The offer of the individual trading instruments in the test

There are over 260 base values ​​available: 181 stocks, 41 currency pairs, 24 indices, 12 crypto currencies and four commodities - these are gold, crude oil WTI, crude oil bent and silver. IQ Option states that the maximum return is 92 percent - the loss protection is 45 percent. As already mentioned, the minimum deposit amount is 10 euros - the minimum trading amount is just 1 euro. Above all, the fact that you can start trading with just one euro underpins once again that the offer is intended to appeal to beginners.

Finally, the selection of trading options such as assets may not be as large as with other brokers, but IQ Option scores with quality and tries not to overwhelm new traders, who can very well be beginners.

Trading stocks & ETFs

If you are dealing with indices, the DAX (Germany), the FTSE100 (London) as well as the S&P 500, Dow Jones such as NASDAQ (all New York) and also the CAC40 (Paris) are available.

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Trading Forex

The majors are available, but also exotic currencies and minor currencies. So you can work with the most popular currency pairs, such as EUR / USD or GBP / USD, but you can also try your luck with rather unusual currency pairs - such as AUD / USD.

Trading in raw materials

There are four raw materials. This also includes gold and silver. That means, if you like to speculate with the gold price, you have come to the right place.

Trading in cryptocurrencies

There are also 12 crypto currencies. In addition to Bitcoin, the mother of all cryptocurrencies, you can also speculate with Ripple, TRON or Dash such as Ether and with other digital currencies.

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The functions of the IQ Option trading platform

Binary options are traded with the in-house IQ Option platform. The platform is web-based and can therefore be used via the browser without any problems. For this reason, customers are free to access the trading interface from any computer or mobile device. It should be noted at this point: There is also its own IQ Option app - this means that the trading account can be accessed regardless of location.

With the platform, traders can work with a wide variety of features - these include indicators such as RSI or moving average. With one click you can share chart views so that you have the opportunity to compare different charts at the same time. The fact that trading in real time is possible via the platform - and completely free of charge is particularly positive. There is also a considerable number of trading patterns - for example Bollinger Bands, Alligator, Break Line, PIN BAR, Candle Stick and Three Black Crows or Online Rebound. So that you can then use such tools efficiently for your own trades, it is important to first become active via the demo account. Because IQ Option also offers users a free demo account so that they can get to know the platform safely.

Another plus point: Traders can access the market news at any time and are shown historical price data, so that they are always informed about the latest developments that are emerging in the markets.

IQ Options offers two types of trading that are not uncommon for binary trading: Call and Put. With put options the trader can bet on falling prices, with call options one can speculate that the values ​​will rise. The turbo options are also particularly interesting - these are options with short runtimes (30 or 60 seconds). But the risk that you are taking here should not be underestimated.

However, high / low, boundary and hits are not available.

The following terms are available for options at IQ Option:

• 30 seconds
• 60 seconds
• 2 Minutes
• 3 Minutes
• 4 Minutes
• 5 Minutes
• 15 Minutes
• 30 Minutes
• 60 Minutes
• 24h
• 7 days
• 30 days

It should also be noted that investors can also be active on weekends - even when the regular trading venues are not open. IQ Option offers so-called over the counter trading (OTC trading) for this. That means that it is traded between the parties - i.e. between the investor and the broker. In this case, trading takes place outside the regular exchange trading venue.

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IQ Option account types

If you want to use the services of IQ Option, different account types are available. For example, there is a standard account for beginners and a VIP account for professionals.

All assets are available via the standard account. Of course, you can also access the cryptocurrencies here.

If, on the other hand, you opt for the VIP account, there are a few very interesting additional functions. The VIP account is particularly recommended if you want to trade larger amounts. With the VIP account you also have a VIP Account Manager at your side, who is always available when questions arise. In order to be able to use the VIP account, however, a minimum deposit of 3.000 euros is required.

In addition to the standard and VIP accounts, there is also the demo account. There are 1.000 euros available here - this is of course virtual capital. If you are still unsure or would like to get to know the platform without taking any risk, you should definitely try the demo account at the beginning.

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The IQ Option app

All those who do not get their main income from trading will probably not have as much time as desired to analyze charts and open and close positions. In order not to be dependent on the computer, IQ Option has its own app. So you can use the time you spend on public transport to invest in the market or to speculate with price movements.

There are no disadvantages compared to the web-based platform.

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The deposit methods at IQ Option

If you want to make a deposit, there are different ways here. You can top up your IQ Option account with your credit card (MasterCard and VISA) or use an eWallet (Skrill, Neteller, Webmoney). Of course, you can also top up the account using the classic bank transfer. Due to the fact that the minimum deposit for the standard account is 10 euros, beginners should feel primarily attracted to opening an account with IQ Option. The minimum deposit for the VIP account is 3.000 euros.

The following are the accepted deposit methods:

• Bank Transfer
• Credit card (MasterCard and VISA)
• Skrill
• instant transfer Sofort
• Wire Transfer
• PayPal
• GiroPay
• Neteller
• Webmoney

If you want to have your winnings or your winnings paid out, there are the same options that are available in the course of the deposit. There are neither deposit nor withdrawal fees.

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Security with IQ Option

IQ Option has been on the market since 2013, but the “age” of the broker is by no means proof that it is a reputable provider. But in the end a hint. However, to be sure that you are dealing with a reputable broker, it is advisable to take a look behind the scenes.

Regulation of IQ Option

IQ Option Europe Limited is the parent company behind the broker. This is a Cyprus based company. That is also the reason why IQ Option is regulated by the Cyprus Commission and Exchange, the CySEC, which is the Cypriot financial supervisory authority. This is a high-quality and very popular authority that pays close attention to the fact that the broker meets all the requirements.

The trader can therefore be sure that it is a reputable broker. Because in order to get a license, you have to meet a number of requirements - and those who meet them offer customers an absolutely secure platform.

Deposit insurance from IQ Option

Furthermore, IQ Option has to keep the customers' money in safe custody - i.e. not manage it together with the business assets. Thus, the customer does not have to worry if the broker has to file for bankruptcy.

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IQ Option's customer service

A telephone number can be found on the broker's homepage. Please note that here you will be forwarded to the English company - so if you have a concern that you want to discuss or clarify over the phone, you should be able to speak English. If you cannot get through or if a connection cannot be established, the callback function is activated. In this way, the broker ensures that all inquiries are processed - even when there is a lot to do.

In addition to making contact by phone, you can also contact us using the email contact form. The advantage: Here you are forwarded directly to the German-speaking customer service - so the e-mail contact form is also the alternative for all those who do not want to contact English-speaking employees.

Another plus point: IQ Option offers a live chat. Thus, within a few moments you get an answer to your question or problem solutions to your concerns.

By the way, before you contact customer service, you can take a look at the FAQ area. This is extremely well stocked; here you will certainly find a lot of information and sometimes answers to your questions.

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IQ Option conditions: Fees & costs

Of course, costs also play a decisive role in whether you choose a broker or not.

spreads

IQ Options does not use spreads.

fees

IQ Option pursues a relatively fair and customer-oriented fee model. You notice this in the area of ​​deposits and withdrawals - here the broker waives any fees. You have to take into account, however, that it is quite possible that the chosen financial institution charges transaction fees. IQ Option does not charge an account management fee and also waives a deposit fee.

However, an inactivity fee will be charged if the trader is inactive for more than 90 days. The inactivity fee is 50 euros / year. If you compare the amount of the inactivity fee with inactivity fees of other brokers, this is also a very fair value.

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Experiences and user opinions about IQ Option on the Internet

Binary options trading is not without its dangers. For this reason there are always one or the other negative portrayal on the Internet. This is because many traders are disappointed because it didn't work out the way they imagined. But at this point it should be mentioned that the broker does not always have to be to blame - it can also be due to the wrong (or at least inappropriate) strategy.

However, as can be seen in the attached example, the broker also takes care of negative testimonials and ultimately tries to find out the reasons for the failure.

The customer reports that can be found on the Internet are largely positive in nature.

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Is IQ Option a scam or a legitimate one? Our IQ Option rating

A question that must be clarified before deciding on a broker: Is it a reputable provider or is there actually a risk that fraudulent intentions are being pursued - i.e. the broker is using unfair means and the trader ultimately cannot win no matter what strategy he pursues? The practical test makes it clear that IQ Option is a very user-friendly broker that takes care to be as simple as possible so that beginners are not faced with any challenges. This can also be seen from the low minimum deposit amount and the minimum trading amount.

IQ Option is also regulated and has been on the market for almost ten years. Thus one can assume that it is a reputable provider.

Disadvantages of IQ Option: What didn't we like?

There is not an extremely high number of assets. If you compare the range of assets with other brokers, IQ Option is in the middle. However, IQ Option scores with quality and thus ensures that new traders do not feel overwhelmed.

The customer support may be good, but it is annoying that only English-speaking employees are available when contacting us by phone.

Advantages of IQ Option: What we liked

IQ Option is regulated by the CySEC and scores with a powerful trading platform. Furthermore, IQ Option convinces with an app, only stipulates a low minimum trading amount and scores with a minimum deposit amount of just 10 euros. In addition, IQ Option waives custody and account management fees and does not charge any deposit or withdrawal fees.

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IQ Option experiences: Frequently asked questions about the broker

What is IQ Option?

IQ Option has been an online broker that has been active on the market since 2013.

Is IQ Option a recommendable broker?

Due to the fact that there are no fees such as costs and you can get involved in the market with a minimum deposit of 10 euros, IQ Option is a broker that can be recommended especially for beginners.

Will I be able to trade successfully with IQ Option?

Depending on which strategy you are pursuing, it is possible to successfully participate in trading via IQ Option.

How is the test and the experience of Bitcoin-news.one about IQ Option?

IQ Option is convincing. Beginners in particular, who have never had anything to do with such platforms, will be delighted - the focus here is on user friendliness and consideration.