IQ Option is a branch of IQ Option Ltd, which was founded in 2013. The platform has a wide range of financial instruments available. The mobile and desktop platform has won multiple awards for its features and functions.
However, they began as a binary options brokerage but have now grown to include CFDs on major financial products. One of them is currency, ETFs, shares, commodities, cryptocurrency, electronic, and binary options.
Their headquarters are in Cyprus, where they are registered as a CIF (Cypriot Investment Firm). The Cyprus Securities and Exchange Commission granted an online broker a CIF licence #247/14. Traders from all over the world, along with the European Economic Area, can still use their online trading platform. Their availability, minimal minimum deposit, and free account attract traders.
An Honest Review of IQ Option for Beginners
In this IQ options review, we’ll go over everything that you need to understand about IQ Option to decide if it’s the perfect broker for you. If you’re searching for a great broker, Pocket Option and Professional Option are two options.
Also, a desktop and just a mobile version of the platform are available. The user can trade a variety of assets using IQ options. Having 50 million registered members, it has become a famous international platform. Every day, approximately 1 million transactions occur. It is open to traders from 213 different countries around the world.
Fees and expenses of trading
IQoptions’ fees and expenses are reasonable when compared to those of other brokers. The following are the charges:
- The distance between the bid and ask prices is known as the spread. The spread varies depending on the asset, the volatility, the liquidity, and the trading hours.
- Commissions are applied at a rate of 2.9 per cent for bitcoin trades. There is no price for other financial products.
- Overnight funding fees are sometimes known as swap fees. Swap commissions range from 0.1 per cent to 0.5 per cent. For opportunities that are open over the weekends, the fees usually three times higher.
- Inactivity cost – IQoption imposes a €10/monthly charge for customers that have been inactive for 90 days.
- Payment service providers do not charge a fee for withdrawals. The charge for bank transfers is approximately $31.
Is the IQ option a safe platform?
Many people ask that is IQ option safe or not? However, we clarified that IQ Option is a reputable binary options broker known for its user-friendly trading system. Investors seeking a reputable CFD and binary options company with reasonable fees should consider IQ Option. The account creation process and customer service are excellent. Novice and experienced traders alike should consider it.
The following are the most important outcomes from IQ Option:
IQ Option is a secure and licensed online broker. It’s ideal for CFD and binary options trading.
Their financial product line is strong. It meets the needs of the majority of dealers.
IQ Option is a good choice because of its low minimum investment and demo account.
Several awards have been given to their platform. It’s simple to use and includes trading tools.
App for mobile devices
As more everyday activities shift from desktop computers to mobile devices, mobile trading is becoming more popular. Their own mobile app functions in a comparable pattern to their PC platform. The app is compatible with android and iOS devices.
The iOS version is modified to fit with Apple’s new binary options trading rules. The IQ option mobile app allows you to trade forex, CFDs, and cryptocurrencies. A Windows application is available for the desktop version. They provide an easy and user-friendly mobile and regular desktop trading system, regardless of the gadget and programme version you used.
The trading app allows you to easily trade, check account balance, use charting tools, create reminders and notifications, and receive market updates, among other things.
