IQ Option

iq option original logoWhy should you try IQ Option? Many binary option brokers are pretty similar: They offer the same type of assets, the same binary options, and the same general trading experience, only differing in nuances.

IQ Option promises to be different, providing a unique trading experience. Is this claim true? And if so, does IQ Option’s uniqueness make them a better broker? Let’s find out.

General risk warning
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose.

 

IMPORTANT INFORMATION!  IQ OPTION DOES NO LONGER OFFER ANY KIND OF BONUS. IQ Option has decided not to offer bonuses anymore as a consequence of some traders having suffered further financial loss caused by the attempts to fulfil the required trading volume, which applies to each bonus. Thus IQ Option do not provide deposit bonuses anymore to prevent this from happening.

 

IQ Option Features

High payouts

High / low options regularly feature payouts of around 80 percent. Some brokers offers a bit more. By offering payouts of up to 91 percent, however, IQ Option takes high / low options to the next level.

Trade with IQ Option nowTrade with as little as a $10 deposit with IQ Option!

 

Free demo account

In the old days, when traders had to download software and trade in front of bulky PCs, free demo accounts used to be a standard feature of binary options brokers. Since then, trading software has become web-based and demo accounts have vanished. While most brokers allow everyone to access their trading platform, you can’t make an actual test trade without a demo account.

IQ Option is one of the last brokers that still offers a free demo account. As it allows you to place actual trades, record your trading history, and evaluate your success, a true demo account makes testing a binary option broker much easier.

Low minimum deposit requirements

At the start of their binary options trading career should, many traders are low on cash. Unfortunately, many binary options brokers require high minimum deposits of $500. Traders who only want to dip their feet in the water and give binary options a quick try often find these investment requirements too high.

IQ Option helps these trades out by only requiring a minimum deposit of $10. This low minimum deposit makes starting your trading career easy. You can test binary options for the price of a pizza – it does not get any easier.

Trade with IQ Option nowTrade with as little as a $10 deposit with IQ Option!

Assets

IQ Option offers over 100 assets in four categories: Commodities, forex, indices, and equities (stocks). Compared to other brokers, who sometimes offer more than 200 assets, this is a relatively low amount.

Once again, IQ Option goes its own way: It is true that many of the over 200 assets other brokers offer are merely marginal assets that most traders never trade. While these assets are nice for experts in a small field of industry or a remote country, they only confuse most traders.

Cutting these assets from their arsenal is a radical but consequent decisions typical for IQ Option. If you are like most traders and primarily focus on the American, European, and big Asian markets, you could profit from IQ Option’s stripped down asset selection.

IQ Option Process

Opening an account with IQ Option is a quick and easy process. All you need to do is click the “Open account” button in the top left corner of IQ Option’s website. Now you have two options:

  • Fill out the form on the left, providing only very basic information about yourself.
  • Login with your Facebook or Google account.

Make sure to select whether you want to open a demo account or a real trading account at the bottom.

After submitting the form, you have opened your account. If you opened a demo account, you can now start testing IQ Option’s service. If you opened a trading account, you obviously need to fund your account before you can start trading.

With IQ Option’s large selection of payment methods, this is an easy task, as you can choose from a long list of supported credit cards, debit cards, and online payment providers.

Trade with IQ Option nowTrade with as little as a $10 deposit with IQ Option!

Conclusion

IQ Option is the perfect broker for free-spirited traders who like to question the existing binary options dogma. You think that more assets are not necessarily better, that you should be allowed to open an account for less than $500, or that a true demo account is a must? Then IQ Option is perfect for you.

 

References and Further Reading:

1. Equitized currency trust for real-time currency trading (D McCabe – 2004)

2. Performance of currency trading strategies in developed and emerging markets: some striking differences (M Pojarliev – 2005)

3. The hedging effectiveness of currency futures markets (C Dale – 1981)

4. Global trading system (B Calo, W Johnson – 2001)

5. Estimating the effect of currency unions on trade and output (JA Frankel, AK Rose – 2000)

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