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IQ Option Review – Is It A Scam or Trustworthy?

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    IQ-Option-Review
    Participating in the financial markets and assuming some risk with your money could be a smart way to reach success. Many people from the American working population have started to realize that it could be impossible to lead a good life with herculean debt and a regular job. Therefore, they are now looking forward to assuming some risk with their money in hopes of making a profit.

    After all, earning a profit on your principal is more exciting that earning a salary. There are plenty of options to invest your money. Prudent and traditional investors will find more value in fixed income options like term deposits and annuities. However, if you can take some risk, then you could earn an interesting return.

    One of the best ways to invest your money in the financial markets is to start trading in cryptocurrencies, forex, options, ETFs, and stocks. If you regularly trade in these markets, you can be able to make some great returns and even bypass your regular income. With the right investment, you could match your regular income, earn consistent dividends, or even retire early. If you are game for investing, here is what you will need to do.

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    IQ Option Review

    How to get started with IQ Option trading?

    Passive investing helps many people build a small fortune over their lifetime. However, people who are ready to take risks, opt for direct trading in the financial markets. If you have the acumen for trading, understand the financial markets well and have a little capital to invest, this is the right way to earn high returns.

    get-started-with-iq-option

    All you will have to do is create an account with a brokerage service. They will provide you great investor education options and help you in making your moves. This is not all; you can make qualitative checks on the securities or financial assets you are buying. Once you are done, you will be able to buy and sell financial assets easily. Most of these brokerage houses offer you great online trading platforms where you can engage in buying and selling of asset and earning opportunities that you never thought were available.

    One of the most popular brokerages available online is IQ Option. It provides you a great online trading opportunity and boasts of an equally good trading platform as well. However, many of our readers question whether it is a trustworthy platform or just a scam. Today, we will answer all these questions in detail.

    What is IQ Option – Is it a scam?

    IQ Option is a popular online trading platform. Established in 2013, they have quickly risen to fame as a go-to platform for buying cryptocurrencies, stocks, forex pairs, and options. It is one of the few platforms based overseas that can provide you quality options trading experience without running the risk of losing all your capital. It is a very trustworthy platform serving hundreds of customers and providing them exceptional profit-earning capabilities.

    One important thing to learn about IQ Option is that it allows you to trade in a variety of underlying assets. Hence, you can invest and earn profits from more sources. Depositing and withdrawing money from the platform is easy. The trading fee is very low, and you can start by depositing only $10. The biggest reason why this platform is loved is because of the low fee. However, they are also popular amongst risk-takers because they have added cryptocurrencies in their stable as well. This makes them one of the most feature-packed and full-service online trading platforms around. You will not fi such capabilities, even if you are working with US-based trading platforms. Hence, the platform is not just amazing to use, but very popular as well.

    Features of IQ Option

    IQ Option brings to you a unique and custom-made trading platform that enables you to trade stocks, cryptocurrencies, forex and binary options. The binary options come with a variety of time frames, starting with 1 hour (with 15-minute increments) to 1 month which gives you ample flexibility. There are 15-minute increments for the binary options, which help quick trading as well.

    iq-option-features

    The good thing about IQ Option is that it is available for both iOS and Android. This helps the users in a trading anytime and anywhere. Moreover, you get to trade in more than 500 underlying assets which can be traded as per needs. IQ Option brings to you the widest range of tradable financial assets. However, if you like to trade in commodities, you could be disappointed as the platform only allows trading in gold.

    Getting started is easy

    If you are a new investor, you could get three different kinds of accounts to work with. The first account type is – demo account. If you are new to trading or new to this platform and want to make use of its functionalities to understand how your assets will have grown in real time, this is the perfect account for you. This practice account provides you virtual funds for trading too.

    The second option is a real account. This is a live trading account that lets you trade for real. However, if you wish to continue with your training account like before, you could do that as well. In this live account, you can get started with a minimum balance of only $10. This helps you in starting small. Even if you can spare a small amount every few days, you will be able to start trading.

    The third type of account is a VIP account. This account offers you a variety of options not included in the standard live account. In this account, you will get a host of personalized services, including training materials, higher profitability rates, and even a personal account manager.

    One of the best things about IQ Option is that it allows you to trade in 12 cryptocurrencies. Popular currencies like Bitcoin, Litecoin, and Ethereum, are available for trading in these platforms. Apart from these, you will get to trade in CFDs and forex pairs as well. Though they are high-risk assets to trade in, they will also be providing you high rewards. Their list of stocks and forex pairs is also quite elaborated which helps you in getting the most out of your available opportunities.

    How to make money from IQ Option – IQ Option reviews

    Making money with IQ Option is easy. If you understand the platform completely, it will be easy to make money on this platform. Here are a few ways in which you will be able to get maximum earnings on this platform.

    Use a demo account

    The demo account available on this platform will help you in utilizing the features of this platform fully. You can trade in this demo account and try to look for trends developing in stock. By using the demo account, it will be easy to watch out for stocks in real time and trade for virtual funds before making any moves in real time. This is essential for beginners, as it helps them in understanding their trading mettle. Even seasoned investors like to use these accounts to look for trends and identify the kind of money they could be making.

    But how could a demo account be useful for you? After all, you are only trading in virtual funds.

    Demo accounts are useful because they help you in mitigating risks associated with capital. You can test your demo account and see which options or financial assets respond the most to your strategies. In fact, you could also be checking the movement of stocks in your watchlist.  This helps in testing new strategies without having to risk your real capital.

    For new investors, these trading accounts are even more beneficial. Such an account helps you in developing new trading strategies. If you don’t know much about stocks, these strategies could help you in making the most out of your education. Demo accounts can help you in saving a lot of money. As your capital is not directly at risk, you will be feeling safe to trade with these accounts.

    Trading in cryptos

    This is one of the easiest ways to earn money through IQ Option. Though this platform is great for options trading, it has provided about 12 cryptocurrencies for trading as well. This certainly helps in getting great returns. If you are aware of the way cryptos have been moving in 2017, you will notice that they are one of the finest ways to invest your money and get great returns too. Bitcoin is one of the most important and the most popular cryptocurrencies in the market. However, there are a variety of altcoins like Litecoin, Ethereum, and Ripple that offer an equally good portfolio but do not cost as much.

    Becoming an affiliate partner

    If you want to earn some good money with this platform, it could be worthwhile to become an affiliate partner. Becoming an affiliate partner is helpful because you get to help IQ Option make money and get a cut for their earnings. Don’t worry. Your affiliate links do not make the process more expensive for the customers you are driving to the platform. Therefore, you can engage in guilt-free trading and affiliate linking with the platform. However, this option is not suitable for everyone. You should be actively engaged in recruiting other traders or must have a website that allows you to connect with traders and send them to IQ Option.

    How to withdraw funds from IQ Option

    When talking about platforms for trading, most people ignore withdrawal options. However, this is one of the most important subjects you should focus upon. With IQ Option, you can withdraw your money in three ways. The first way is to get a credit card/debit card withdrawal. This is the simplest and most popular method of withdrawing your money. All you have to do is submit a withdrawal request to your Visa Electron, Visa, Mastercard, or Maestro. Once submitted, your application should be processed within 24 hours.

    IQ-Option-Withdraw

    The second option is to withdraw money to your wallets. Currently, IQ Option supports withdrawals to Skrill, iDeal, QIWI, CashU, Webmoney, Neteller, and Boleto wallets.

    The final option for withdrawal is wire transfers. While they are not the most popular method of receiving money, owing to their slow response rate, they are still functional and used by many traders. Wire transfers have many drawbacks too. First, your bank may take more time to process these withdrawals. While IQ Option processes the request within 24 hours, your bank may take longer to get the transfer in your account. Moreover, some banks charge a small fee for wire transfers as well. Therefore, it is not a very suitable option.

    The only people who use wire transfers are the ones who are short of other options. Some anti-money-laundering-laws suggest that you can only withdraw as much money to your credit card as you deposited in the first place. Therefore, you cannot be making a large profit and drawing it straight to your credit card. Ewallets may have their own limitations. Hence, wire transfers are the only viable option left with most traders with higher volumes of trade.

    IQ Option always prioritizes withdrawals to the card. This will be the first option for all traders. Note that the platform only counts card deposits in your account for the last 90 days. This means that given the currency anti-money-laundering laws, you will only be able to withdraw as much money from your credit card, as you deposited within the previous 90 days. Let’s understand this with the help of an example. If you deposited $100 to your account 80 days ago from your credit card, you could withdraw it to your card hassle free. However, if you deposited $120 to your IQ Option account 100 days ago, you may not be able to withdraw them.

    Is IQ Option legal in the US?

    While trading with binary options on most platforms, you have to worry less about the legality of the platforms and more about acceptance there. While trading binary options are fully legal in the United States, not all platforms are authorized or regulated by the government. Many platforms providing such transactions are either based in the EU, which do not readily accept US citizens or are based in third world countries, which are not liable for any regulation by their countries or the US.

    However, when it comes to IQ Option, you don’t have to worry about working with an unauthorized, shady, or unregulated exchange. The operating company of this platform is IQ Option Europe Ltd. It is registered by CySEC (Cyprus Securities and Exchange Commission). The company is also registered with multiple regulators in Europe, include Bafin, Consob, CNMV, and FCA. This makes IQ Option a very trustworthy option for all users. Their website also reflects all their credentials. Therefore, there is more transparency in this exchange as well.

    Reviews of IQ Option

    IQ Option is one of the most trustworthy and popular trading platforms around. While trading in binary options, US traders must be especially careful because they may not be accepted in many foreign exchanges. Moreover, most exchanges based on foreign lands are either shady or do not provide full disclosure or standard service to the audience. They may not follow the anti-money-laundering laws of the country as well.

    Therefore, the first thing that you must do when looking for options broker, is to check whether it is registered with regulatory agencies and follows anti-money-laundering laws or not. IQ Option stands the test in both cases. Apart from IQ Option Europe Ltd. Which is based in Cyprus, there is another, less talked about entity called IQ Option Ltd. Which is based in Seychelles? The Seychelles based identity is not regulated anywhere.

    Ease of use

    IQ Option ranks highly when it comes to ease of usage. Even beginners will find this platform to be very useful. This is one of the reasons why this platform has become a rage among investors. The learning curve is very short. You get many introductory videos that help you in understanding how to trade. Additionally, you get a demo account to learn to trade as well. This helps you in protecting your capital from risky investments and also helps you in getting consistent returns.

    More experienced traders like the demo account feature of this platform. The demo account helps them in finding trends developing in their favorite stocks and also helps them in getting the most out of their capital. This is not all; the platform provides a variety of complex charts and analysis, including the popular candlestick charts. As a result of this, you will be getting better value for your time as well as your money.

    Availability of different platforms

    IQ Option is available on a variety of platforms, with beautiful applications available for desktops Windows, MacOS, and Linux. They have an equally beautiful web platform as well. This is not all. It facilitates mobile trading as well. Therefore, you will be able to trade on your Android or Apple phone as well. You are never too far away from your IQ Option platform, thanks to the wide availability of this platform and its support for different systems and PC environments.

    Fees

    What made IQ Option popular was the fact that you could start trading with a deposit of only $10. You can also withdraw about $10 and get work on the binary options of your choice. Such low fees and ease of use can only be experienced on IQ Option. On other platforms, the charges are usually very high which make them extremely difficult to use, whether you are a small investor or an experienced investor with thousands of dollars set up for trade. The commission for cryptocurrencies can be up to 10% of the investment amount.

    Wide array of assets

    There are 500 underlying securities for all the options being traded on this platform. Moreover, you will be finding a variety of cryptocurrencies to trade with as well. Another thing that you should note here is that they let you trade in commodities as well, even though the list is limited only to gold. No matter what kind of financial asset you prefer trading in, you can always find it on IQ Option.

    Money withdrawal is easy

    Withdrawing money from your IQ Option account is very easy. Such withdrawals are also subject to strict anti-money-laundering regulations. The platform allows you to withdraw money directly from your debit or credit card. Such transactions are processed within 24 hours. Your money can also be withdrawn to an e-wallet or sent to your bank account via a wire transfer. The money that you have deposited to your IQ Option account through a credit card in the past 90 days is always available for withdrawal. Any amount left thereof can be sent to your ewallet or to your bank account via wire transfer. Though the platform encourages quick transfers to the credit card, you can choose any option that you like.

    IQ Option is a popular and reliable platform for trading in binary options as well as cryptocurrencies. As it is regulated by more than three regulators in Europe, you can expect it to handle very high standards of scrutiny and anti-money-laundering laws. This makes the platform different from other overseas exchanges. Most exchanges and trading platforms based in the foreign soil are unregulated, which means that your money is always at risk, no matter how much profit you are earning from your trade.

    Whether you are a beginner or an experienced trader, we highly recommend that you trade on IQ Option and use its wide array of features. The chart quality of this platform is exceptionally good, and you will also find some crisp analysis, which will help you in making the right decisions when while trading. If you have any second thoughts about the benefits you will be receiving, it will be vital to check their demo account and get started with virtual funds. It will help in building confidence in the platform and also familiarize you with high-end binary options trading.

    Thomas McKinney
    Co-founder at Cryptohive. Building the Blockchain Ecosystem in Singapore since 2014. Views and opinions about crypto are my own.

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