Overview of the budget (discount) broker
Products range for IQ Option broker.
It worth to note the products range simplicity. Only a few types of options – TURBO options 1, 2 and 3 minutes will allow masters (and lucky) to catch small changes in the price of the asset and thus earn up to 92% of the investment (for example, at the option price 50 USD with the right forecast your income will be 46 USD. And this for 60 seconds! Not bad!).
Binary options are presented with traditional CALL / PUT options (above / below). Expiry periods does not amazing, but for traders who trade with binary options are quite sufficiently – there are 15, 30, 45 minutes and the end of the day (from our discussions with trader, we see that trading with binary options is more like a sprint, not long-term investments, although exceptions are exist).
The amount and methods of money input. The minimum investment
The minimum amount you can put on deposit is $ 10. It can afford anyone who is interested to start his/her way in trading. Depositing is possible using payment cards – Wire Transfer, VISA and MasterCard, as well as some other payment systems: Skrill, QIWI, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto etc.
The minimum option price is 1 USD. We never met less! You can immediately start trading without fear of losing hundreds of dollars. However, another great opportunity to try and understand the platform strategy provides a demo account, which can be opened by any customer.
We have already mentioned that VIP customers will find some additional surpluses from the IQ Option broker – this is a decent bonus on money deposit, a higher percentage of return on investment and personal manager.
As disadvantage for IQ Option broker we can consider a customer service not fully committed to the customer support. Sometimes we are faced with the dissatisfaction of customers who want a more rapid response to their queries. Probably broker “IQ Option” wants automate all the processes, but we believe that customer service should be “on the table”. However, as it has been pointed out in the IQ Option company:
We do our best to ensure that our customers receive service with uncompromising quality. IQ Option gives a chance to each of customers to try our trading platform in advance, and make a decision to open a real account after it. IQ Option is really unique platform and the trader will feel it from the very beginning.
The unlimited demo account
IQ Option platform has a unique feature – demo account it not just free, it is also unlimited! (We haven’t see such option at any other platform – if you have seen, let us know.) Each trader can replenish his/her account again at any given time. You do not have to risk with your own funds, so to test a particular strategy. If your demo account has been exhausted during practice trading – simply add the additional funds to it and continue your training. A good trader is the one, who constantly improving trading skill!
Another feature of IQ option platform is possibility to use various technical indicators during trading. You don’t need to go somewhere else. For example, you may add EMA (Exponential Moving Average) indicator right into your graph within trading platform. There a lot of trading strategies for binary options trading are based on this or other technical indicator. And the best from them you can find at the IQ trading platform (here) or at our site (here).
According to the best brokers practice IQ option is regulated by respected European regulatory authorities. And of course such well-known structures like CySEC, FCA (UK), REGAFI (France), Consob (Italia) are beneath them. Thus, all the broker account funds are safely stored in European reliable and solid banks.
So, don’t hesitate – you may train your trading skill and trade safely with IQ option!