IQ Option Reviews 2020
IQ options has quite a few negative reviews BUT if you make a bad trading decision and lose money, is it really the brokers fault?
Most brokers offer to days and then you should switch to a real account but IQ options don’t put a limit on how long you can trade on demo. It’s pretty smart actually – they don’t put pressure on you to open a real account because they know you are not starting you trading career with the thought of staying in DEMO mode forever. IQ Option Reviews
This way you can test out different strategies, even after you open a real account, you can still test future strategies in demo mode. So its a win-win. Nevertheless, when you are opening a real account with IQ options, the required deposit is only 10$ , which is crazy low!
They do not charge any fees for depositing funds. You can currently use debit services such as Maestro and Visa Electron, or credit cards like Visa and Master Card. Customers can also use a host of payments processors such as Skrill, WebMoney, Cash U, Neteller and Moneybookers. IQ Option Reviews
When it comes time to withdraw funds from your IQ Option account, you have to withdraw the same way you deposited. And if you deposited via credit or debit card you must withdraw the initial deposit amount onto the card, because this transaction gets processed as a refund.
Any profit that is over this amount will need to be withdrawn via a bank transfer or your chosen e-wallet. Keep in mind that opt-in for a bank transfer does come with a fee of 31$ . So i would set up a Skrill or Neteller account. IQ Option Reviews
IQ Option is a regulated broker. And last year traders have withdrawn more than million dollars per month.So there should be no problems with getting your money. You can trade 167 stocks, 89 Forex pairs, 53 options, 18 cryptocurrencies,11 indices, 6 commodities and 21 ETFs on IQ Option on trading platform. But there is no option to use MT4 (Meta Trader) – they just don’t have it. IQ Option Reviews
So far traders are mostly happy with the platform and the mobile app, which supports exactly the same functions as the desktop. This broker offers binary options, but the rules are recently changed and only professional clients can apply for this offer.
So to wrap up it is pretty easy to sign up. You can even log in via Facebook. Minimum deposit requirement is only 10$ . Withdrawals take – 1-3 working days and cost nothing. Provided you use e-wallet and you can use the demo account for as long as you want.
On the flip side retail traders can not trade binary options anymore. Leverage is up to 30 and USA, Canada, Australia and Japan are just some of the countries, where traders are not able to sign up for trading.
Well i hope you find this review helpful and if you experience anything different with this broker then drop us a comment below and let us know how you go on with them. To all you traders beginning your trading career good luck and we wish you plenty of profits!
And if you need any help. Don’t hesitate to contact us or drop down a comment. we reply to every comment.