Binary options: where to start?
The most important decision that a novice trader should accept is (perhaps it is strange, but it does not a decision about first investment amount and does not an asset): How to find the right platform for trading?
The main indicators of the “right” broker for the novice trader in the market of binary options are:
- Support from professionals (quick and clear response from the broker specialists in case of difficulties or unclear situation);
- Educational materials (why you should waste your time in search for information somewhere in Internet, when all fresh and useful information could be received on the broker site);
- Training possibilities (demo account allows you to penetrate into the industry, understand the principle of trading, to test your capabilities);
- Platform clarity (It is difficult for novice to understand all the wisdoms of trading when the entire interface of the site is presented in foreign language, so it is better to start with a broker having a support in native language).
All these things are proposed at IQ Option broker platform.
Briefly about IQ Option
Despite his young age, the company IQ Option has taken a strong position on market of binary options. Managers of the brokers believe that it’s all due to a comfortable and advantageous conditions for a trader. At the forefront of the company’s approach is providing of the simplest conditions for reception of trading experience. This strategy was the basis of broker relationship to the business: to provide information in a most simple way and with an incredibly low value of the minimum deposit. To start trading with IQ Option is very simply.
Not many know that broker IQ Option has a license from CySEC. Here you can find out about it – Regulated by CySEC, License number 247/14.
Each trader receives from the broker:
- Ability to identify risks and profits
- Fixed expiry time for trades
- A minimum investment of $ 1
- Guaranty of spread absence
- Ability to choose 1 minute expiry time (Turbo options)
Information at broker website presented in the most easiest way, so there is not difficult to understand how to create a profile and to start trading. All manuals have precise instructions with screenshots and clear text.
IQ Option. Reviews
It is a lot of reviews about IQ Option in Internet. Here are some of them:
To be number one in the industry IQ should work harder. For me, who have been working with a company with 200,000 customers the quality of customer service needs to be improved. I put about 20,000 USD to my trading account in IQ and hoped more in VIP service. But … well, I have been phoned the CEO of the company and he explained the situation The company is growing, and I wish them success!
I have heard about the IQ Option platform a lot, and decided to test it. I was pleasantly surprised! Very modern customer interface and a brilliant conditions to start - a minimum bet only $1. Convenient to test strategies. Also, I like the weekly tournaments on the turbo options, where anyone can compete for the grand prize!
Often active discussions go beyond the site and start in broker’s groups within social networks. We must pay tribute to the experts of the company – they try to answer to the questions promptly and to solve controversial issues delicately.
IQ Option. Bonus
It is not difficult to get a bonus from IQ Option. Its value depends on the type of trading account: for a real account with a deposit from 10 to 999 dollars a trader can expect a bonus up to 80% of deposit; for VIP-account with a deposit of $ 1,000 – for bonus up to 100% of deposit.
Besides standard bonuses from IQ Option, every trader gets very interesting and attractive thing like platform personalization for your needs: interface colors, size and type of graphics. Settings defined once for a specific asset are fixed for it.
The owner of VIP-account, in addition to the standard features of the system, also gets increased amount of the refund in case of wrong forecast (up to 60% of the amount), VIP-webinars, free newsletters with signals (newsletters are available for “real” account with deposit more than $ 100), personal manager assistance, and an opportunity to participate in IQ Option tournaments.
It should be noted that the owners of VIP-accounts receive increased attention from the broker specialists – analysts are analyzing traders’ deals and give their recommendations about them on a monthly basis.
Technical indicators and instruments are accessible to all players. At IQ Option platform you can improve your confidence in deals using such tools like support and resistance levels, moving averages, Bollinger bands and RSI. The recommended strategy for each indicator is presented on the broker site within training material section.
IQ Option. Start and profitability
Perhaps start of trading at IQ Option platform is one of the easiest on the market. The minimum deposit is only $ 10. Real account provides access to trading with 70 assets (indices, stocks and currencies), all features of the system and weekly webinars.
Even with the usual demo-account, that is available on the platform for free, you can trade with 13 assets. It is important to note that each trader, after entering IQ Option and opening a demo account gets a free introductory webinar about platform operation. To start working with the broker, the only things should be done is completion of a form or signing through a social network.
Maximum profitability from the transaction, a trader can count on is 92%. It is significantly higher than average level in the market.
IQ Option. Withdrawals
Withdrawal of money at IQ Option platform carried out within 3 working days from the date of request. The minimum withdrawal amount is equal to the minimum amount of deposit – 10 dollars. It should be noted that for the owners of VIP trading accounts the accelerated withdrawal option is available – 1 working day.
Signals from IQ Option
Signals from IQ Option are prompts from the system with notification to the trader about behavior of a particular asset trend. It is not necessarily for the trader to understand technical analysis perfectly – the signal is enough to understand the situation and to make a decision. The signal is provided automatically, it is based on technical indicators, and this means that a subjective judgment is excluded. Online signals from IQ Option significantly simplify the trading and increase the percentage of successful transactions. Free delivery of the signals is available to the traders with VIP-account.
Summing up the above, it can be told that the IQ Option broker is a very good choice for traders who are just starting their trade route. The lowest entry threshold on the market and extremely simple interface allows you to focus on the trading process from the first minutes of introduction to platform. What else is needed for better introduction with industry?