IQoption General Information
Headquarters: Silver House Business Centre, 19 Spyros Kyprianou Avenue, 3070 Limassol, Cyprus.
Regulated: Yes (license number 247/14)
USA Traders: Not Allowed
Demo Account: Yes
Available Assets: 64
Min. Deposit: $10
Min. Trade Size: $1
Max Trade Size: $1,000
Platform Provider: IQoption
Languages: English, French, Arabic
IQoption Broker Review
IQoption is owned IQOption and like all CySEC regulated brokers, it is based in Cyprus. The official address is Silver House Business Centre, 19 Spyros Kyprianou Avenue, 3070 Limassol. The company is quite “Young” and operating only since 2013. As for regulation, they do have European license by CySEC (licensed number #247/14), yet, they do not have any licensee Outside of Europe.
Remember! When choosing a binary option broker it is always important to trade only with Regulated binary option brokers.
Right from the beginning you can sense that their website home page is definitely not like all the others, and really stands out in terms of design and user interface. Many binary option homepages look like Casino websites, with a beautiful girl image holding a stack of dollar bills, but not this one.
As for the trading platform, well they developed it, meaning you won’t find it at the competitors. The thing I like the most about is the charts. They offer Japanese candlestick charts with a few basic indications such as Bollinger Bands and Moving Averages, which is highly appreciated as you won’t find these kind of charts among most other binary brokers. Apart from the innovative charting system, they also offer quite an extensive academy section that includes: Free webinars, instructional videos, tutorials and a handy eBook. And like every respected broker they also offer mobile app’s both for iOS and Android for those of you who prefer to trade on the go.
So perhaps to most exceptional unique feature IQoption offers is a first deposit minimum as low as 10 US Dollars, perhaps the lowest in the industry!
Apart from that you can placed a trade on only $1, so there is plenty of room for practicing without risking too much. And if that is not enough, you can also ask for a demo account, and it will be approved in no time.
In case you wish to test your trading skills against other traders, IQoption also offers binary options tournaments. At the start of each tournament, each trader gets $10,000 virtual money straight into is account balance, and obviously, in order to win you need to have the highest balance at the finish line. The winners gets cool prizes.
Bonus & Withdrawal
Their offered bonus can go all the way up to 100%, that is in case you decide to deposit $5,000 or more. In order to withdraw the bonus money you will need to complete a trading volume of 25 times the bonus which is reasonable compare to other binary brokers. As you probably already know, we are not big fans of the bonus money and our recommendation is to avoid the temptation of taking it.
As for the withdrawal, the minimum amount you can withdraw is $10, which is quite outstanding to be honest, and it takes usually 3 business days to get it back to your initial used payment method. If you wish to make wire transfer withdrawal, it will take 7-10 business days.
Why to open an account with IQoption
Well, there are 3 main reasons why one should consider opening an account with them. Firstly,they have an awesome japanese candlesticks charting system, so trading is much more fun and easy using these chart. Secondly, they are very easy going with giving out demo accounts, so practicing here is very welcomed. Lastly, and most importantly, they allow you to start with as low as $10 first deposit, which makes the whole decision making a lot easier.
Why NOT to open an account with IQoption
We have found a lot clients complain about unabling to take their money out from IQoption, most of the bad reviews were found during the period of 2015, but still it is not a good sign. They also do not have any license outside of Europe, so for non European clients, it might be better to look for a different broker.
Wall Of Shame
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