Last IQ Option review update: 27th August 2020
IQ Option Review for India: What is IQOption?
Founded in 2013, IQ option Ltd is trusted forex, crypto and binary broker based in Seychelles and Europe. Orders placed on the platform are matched with an opposite order by their system. What this means is that the company only makes money through commissions on trades.
Retail trading and CFDs over the years offer traders interesting opportunities for steady annual income. Among the myriad of checklist required for success in this field, one of the most often overlooked is the need for a broker that has the traders’ interest at heart. Some brokers in the industry carry manipulative practices that hinder the trader from making profits. These practices include price re-quote; delays of fund withdrawal, and most grossing is that some brokers are just bucket shops. Others may just have a non-functional trading platform which either crashes occasionally or freeze at trade execution.
Is IQOption a trusted broker for India?
IQ Option is a safe and reputed trading platform among many traders around the World, and now they are very popular in India. Many Indians test its platform with a free demo account, and then you can start trading with only $10.
For these reasons and more, we present you a broker that has stood the test of time in terms of customer satisfaction for Indians. They also keep up with the latest trends in technology, offering new markets like cryptocurrencies, which are considered uncharted course by some other brokers.
Video Review
Features and Benefits
Below are features offered by IQ Option.
The IQ Option trading platform:
The Iqoption team provides traders with a variety of platforms using state of the art technology, thereby providing great user experience via appealing user interphase. Do you own a Mac; windows; or Android device for mobile trading; or you’re just like me who just like the good old web browsers? Then worry not, because IQ Option has a platform tailored to your needs.
IQ Option Windows Platform
As a visual trader myself, I found their windows platform to be very easy to download and install. Upon installation, a suggested trick will be to hover over all of the buttons to quickly figure out which button is meant for what. Considering that I have used platforms from other brokers within my 10 years of successful trading; finding my way around the platform was a piece of cake for me. However, the platform also has inbuilt tutorials for seasoned traders and newbies alike.
Placing a binary options trade on the platform is as easy as clicking on either the call button if you feel the asset is going up, or they put button if you feel your asset of choice is going down.
Adding New Assets on IQOption Platform
New assets can be added by clicking on the plus symbol beside the current asset as shown in the chart below
The trading platform also offers multiple window formats for different asset classes for traders who deploy multiple time frame or asset class correlation strategies. These windows can be easily resized to your needs.
Technical analysis is popular amongst traders. The IQ Option platform offers a repository of technical indicators for traders to use at their disposal. It is also possible to select different chart displays, from the famous candlestick charts to bar and area/line charts. These and more can be found on the left pane, by hovering over each button.
Graphical Tools
Technical Indicators
Choose from a Wide List of Time Frames
View Ongoing Tournaments or Participate in New tournaments
Free Demo Account
Trading is often presented as an easy venture, which can be deceptive. The team at IQ Option knows this, which is why they provide you with a $10,000 practice account to take your first dip into the world of trading.
Investment Products by IQ Option
In IQOption.com traders can choose among 5 types of investment products:
- Crypto
- Forex
- CFD
- Options
- Digital
Assets offered
IQ Options provide a wide range of assets for Forex trading which comprise of regular and exotic pairs. As mentioned in the introduction, the company is not left behind in the cryptocurrency adoption race. They also offer stocks in binary options trading with the likes of Google, Facebook, and Tesla to mention a few.
Crypto Trading
OTK Tokens
This is an acronym for Open Trading Network, which is a platform token currency, released into circulation as a weekly reward distribution by IQ Option. It can be used to reduce commissions while trading on IQ Option platform. You can find more information about this on the platform as illustrated in the image below.
Types of Accounts
An account with IQ Option allows you to place both options and Forex trades. The difference between both of them is that placing trades as in Forex switches the order entry button to buy and sell. This gives more flexibility to the trader in that you can exit a trade whenever you chose. Placing trades in option makes use of the call and put buttons, upon setting an expiration time for your option trades.
TRADE OPERATION FOR FOREX TRADING [BUY SELL]
TRADE OPERATION FOR OPTIONS TRADING [CALL PUT]
IQ Option also offers two different option trading instruments, which are Digital Options and Binary Options. Other just regular options trading that concentrates on just the direction of the trade, Digital options is a trading instrument that allows the trader choose a strike price, i.e. the price of an asset will get to a set strike price and also close above it. Digital Options offers traders the opportunity to earn as much as 900%, please note that just like other option types it comes with an expiration time.
The second type of options trading offered by the company is classical binary options which only reward the trader with 95% of his stake upon successfully predicting the direction. A loss of the stake is imminent if the direction is wrong. With binary options, a trader has a choice of expiration time ranging between 60 seconds to end of the month with a $0 commission.
These two types of trade operations can be carried out on both practice and live account upon making a deposit.
Minimum Deposit Requirements
There a minimum deposit of $10. For Digital Options and Binary, you can start trading with as low as $1, with a return of 900, the expiration time of 60secs to 5mins, and no brokerage fee.
Deposit and Withdrawal methods
IQ Option employ tested payment systems for both withdrawal and deposits, also offering traders a flexible choice of payment portals. The payment systems are as follows: VISA and Mastercard, Web Money, Skrill, Neteller, Fasapay, POLi internet banking and wire transfer to IQ Option Bank account.
Fasapay is one of the most popular deposit and withdraws option for Indians.
Customer support
IQ Option Ltd has one of the best customer support in the industry, providing customers with round the clock 24hours a day 7 days a week customer service. The IQ Option support can be reached on [email protected].
India Phone Number: +91 000 800 040 13 61 ( Toll-Free )
Their Headquarters office is located at Silver House Business Center, 19 Spyros, Kyprianou Avenue, 3070 Limassol, Cyprus.
IQ Option, a Traders Choice [Pros]
- The company is based in Europe and Seychelles and offers premium Options, Forex, Stocks, and Cryptocurrency trading services to its customers
- There is usually no delays in withdrawal or deposit of funds from the ends of IQ Option.
- They offer a very functional and appealing trading platform, with helpful tutorials on the traders’ journey to success.
- You can buy, sell, and store your cryptos on its platform.
An Issue with the Web-based Trading Platform
The web-based platform is usually slower with transactions because it does not use available WebGL capabilities for maximizing computer video card resources. This is why IQ Option took further steps to develop and deploy the windows, macOS, and Ubuntu Linux trading platforms. These mentioned platforms do not have the limitation of updating movements of the charts. These downloadable software platforms better suite professional traders.
IQ Option Review: Conclusion
All forms of trading instruments come with their risks and can also be highly rewarding when proper measures are put in place. By picking the right broker, you are a step closer to trading success. So whether you are an old-time trader or a newbie shopping for a trusted broker in India, IQ Option is a dependable choice for all your trading needs.
