IQ Option is another online trading platform that’s highly trusted and regulated in the trading industry. But just like with any online trading platform, it has its share of complaints, particularly from people who have lost money. Let’s take a closer look at what they have to offer the beginner who’s interested in trading some of the newer binary options and cryptocurrencies, or some of the older stocks or Forex options.
IQ Option has been around since 2013, so that’s been enough time to get settled in the industry and build up levels of trust for over 20 million account holders around the world. The site is based in Cyprus, like many others, and is regulated by the CySec (Cyprus Securities and Exchange Commission) in the EU.
The site offers a complete trading platform where you can trade all the most popular options online, including CFDs, ETFs, and other digital assets. Apparently there are over 10 million options, which should keep even the pro busy for a number of years.
Like the other quality online trading sites, they offer two options to get started—a demo account or a live account. The demo account has a renewable supply of virtual funds. Some people simply use the site for gaming. Other people who have a hobby interest, or who are serious about making money can begin with a low deposit of just $10. This has to be the lowest on any trading site. There is also a VIP account, which is for traders who deposit $3000 or more. This option gives you access to a personal manager, and a monthly report of user trading records.
The site is simple for sign up, and can be done through Facebook, Google, or email. If you choose a real account, it offers a simple way to top up your funds when you need to, plus, withdrawals are simple too.
IQ Option also has its own trading platform which is simple and fun to use. It’s well-designed and even the beginner can figure it out. You can
also find all the tools that you need easily. You can even switch easily between your preferred assets.
The site offers a Trading View where you can see the performance of your favourite options through charts and graphs. There is also a customer support team who can answer any of your questions.
The site even allows you to earn OTN tokens which are distributed to people who are eligible to receive them. The site accepts all the usual payment options. You can trade on your computer or on your mobile device.
Can you lose money on the site? Yes, of course, as most of the trading options involve a high amount of risk. It’s best to stick to the old rule—if you don’t have spare cash to burn, don’t trade!
IQ Option is highly watched and regulated, so if you choose to toss $10 their way to get started, and work up to $100, it can be a fun and enlightening way to learn more about the virtual trading world.