My in-depth IQ Option review: Are you still
binary options They are a trading system that has become very habitual in the last 3 years.
It is one of my favorite methods to start in the world of investments, and for that reason it is the one I recommend to my students when they ask me about it.
What worries them most before starting to operate is knowing what are the best strategies to have successful results, and how to choose the best assets for them.
“This material is not intended for viewers in EEA countries.
Binary options are not promoted or sold to EEA retail traders.
But there is one thing that they do not know, and that is much more important than all that: know how to choose a good broker that is reliable and safe.
That’s the first piece of advice I always give you.and the students who have listened to me on this, have become good traders who have generated profits.
Those who have not followed my recommendation, in the end they have ended up losing their capital.
If you do a quick search on the internet to find binary options brokers, chances are that on many sites you will see reviews and comments from people who recommends IQ Option.
IQ Option It has become one of the most habitual platforms for trading because it has many advantages.
But what no one tells you is that it also has some drawbacks that you should know about.
My students and I have been using IQ Option for the past few years, and here I am going to share the in-depth analysis that I have done for you based on my personal experience, and I am going to tell you both the good and the not so good that this broker has.
What will you find in this article?
▶ What is IQ Option?
▶ Types of accounts at IQ Option
▶ Available assets
▶ Types of operations
▶ Exclusive plus materials
▶ How is the trading experience on IQ Option
▶ Does IQ Option have welcome bonuses?
▶ IQ Option FAQ
▶ Opinions from my readers
whatWhat is IQ Option?
IQ Option is an en línea broker specialized in binary options, although in the last year they have also included classic operations with which to operate in the traditional market.
But what exactly are binary options? They are a trading system in which reverses to the rise or fall of the price of an asset in a certain period of time.
When you trade binary options, you have to escoge the asset in which you will invest (gold, shares of a company, currencies like the dollar, euro), if its price will go up or down, and how long you want the operation to end.
It is a simplified way of investing compared to the traditional depósito trading.
One of the advantages of this type of trading is that you perro start investments with very little money.
At IQ Option, for example, you perro make transactions that cost only $1.
Although the more capital you use, the greater the results will be.
* Risk alert: your capital may be at risk. My readers are very important to me, which is why I recommend starting with just $10.
Types accounts on IQ Option
Most of the brokers I have tried have only one type of account to trade; some also have an additional account called VIP, but in them it is mandatory to make large deposits of money, IQ Options allows these VIP accounts, which are available to clients who deposit significant amounts of money (the exact amount is subject to change).
Therefore, when I met IQ Option I was surprised that they had a habitual account, to operate with real money, and another call demo account that you perro use for free to practice without risking your money until you are ready.
Account demo
This type of account is the most basic, and you cánido use it totally free to practice your strategies without using your money real.
It’s the best way to learn binary options and check which patterns and techniques are the ones that really work for you.
In addition, it will help you to get to know the entire website better.
in my article How to open a demo account to invest in binary options I will explain step by step what this type of account consists of, and how to create one.
I always recommend to my students that before investing seriously, practice with this demo account for a couple of days so they get used to all the options out there, and write down the strategies that work best for them.
The IQ Option demo account has 10,000 virtual dollars for you to practice (other brokers that have a practice account only give you $1,000), but every time that money runs out, you perro ask to top it up again with another $10,000 to keep practicing.
Also, it is exactly the same as the real account: has the same functionsassets, support and vídeo tutorials.
So when you start investing your real money, you’ll be fully prepared and you’ll know better. What should you do thanks to this demo account.
Account habitual
This is the account with which you perro start trade with real money. It is exactly the same as the demo account, with the same options, assets, tutorials…
So if you’ve been practicing before with the demo account, with the habitual one it will be the same.
The best thing for me that IQ Option has is that the minimum deposit is only $10the lowest of all the brokers I have tried.
With the habitual account you cánido also access plus options that will allow you to do different forms of trading, such as turbo tournaments, additional and exclusive vídeo tutorials for users of this account, and competitions with monetary prizes.
Assets available
When I first signed up for IQ Option, I acknowledge that I was disappointed in how few assets they had to invest.
Yes, their platform was easy to use, they had the demo account, the minimum deposit was lowbut the assets were only the basics: shares of some companies, gold and silver, some currency pairs such as the dollar and the euro, and little else.
I know from forums where I am registered that other traders sent them complaints about this (I did too), and IQ Option listened to these suggestions and has been expanding this section.
Right now, they have about 300 assets available of all kinds like:
- currency pairs euro / dollar, pounds / dollars
- Actions from companies like Amazon, Alibaba, Apple, Google plus, Twitter, Tesla, Microsoft, Snapchat, Netflix, PayPal
- investment in cryptocurrencies like Bitcoin, Ethereum, Litecoin or Ripple
- Binary options and digital options
- Raw Materials like gold and silver
Types operations available
IQ Option also offers various types of operations that you perro use to invest with the asset of your choice.
Depending on the type of operation, you perro get more or less profit with it; but also remember that if you make investments with a great return, the risk of losing that money is also greater.
Operations binary
These are the kind of operations that I use the most; After all, IQ Option was born to offer this type of service.
You perro initiate such a trade by selecting an asset from the Digital list or from the Options list.
As I told you before, the options Binaries are operations in which you have to choose the asset in which you will invest, if its price will go down or upand how long it will last.
They are more simplified investments than those that exist in the traditional depósito market.
However, its most outstanding feature is that they have a limited time.
In binary options, the maximum time a trade perro last it is 1 month.
In this way, you perro get much faster results compared to habitual trading, with which you have to wait much longer (days, weeks, and even months).
This is what makes investing in this type of operation so attractive to me, since I don’t have to wait long to see if I have made a profit or not because in a few minutes I cánido know.
In order for you to better see how a binary options trade is performed within IQ Option, I have recorded the following vídeo for you while doing one of my operations:
As you cánido see in the vídeo, you just have to choose the asset you want, the amount to invest (you perro start from just $1)the time at which the trade will end (it was 6:46 p.m. for me, and I chose it to end at 6:51 p.m.), and whether its price will go up or down.
A good strategy to know if the price is going to go up or down is look at the green and orange bar what’s on the left
In the vídeo, the orange bar has a percentage of 63% when I have chosen my asset, and the green one has a percentage of 37%.
What does this orinan? That there is a 63% oportunidad that the price of that asset fallsand only a 37% oportunidad that it will rise.
That’s why I chose the “Low” optionbecause he had more chances of it going down, and thus succeeding in the operation.
The result after only a few minutes was that I invested $13, and at the end I won $11.57that is, in total I got 24.57 dollars.
Operations Turbo
This is another type of trading within IQ Option.
They are very afín to classic operations, only here the time limit is much shorter: you cánido finish your operation in 60 seconds, 120 seconds, or a maximum of 15 minutes.
I only recommend this type of operations if you are an advanced expert investor, and you have discipline to control your emotions, because the time limit so low cánido ocasione you to make a lot of mistakes.
Operations classic
This type of trading is the most traditional that has been done over a lifetime (think of the Wall Street depósito market, for example).
To make a trade of this type, you have to choose one of the assets of the CFD, Forex or Crypto list.
Here there is no time limit since the operations are done in the long term.
So instead of deciding what time your trade will end, what you should indicate is when it will end based on profit and loss.
Look at the image below where it says “coche close”: the +324 means that I have decided that the operation will stop when I get a profit of 324 dollars or more.
And where it says – 50, it means that I have indicated that if the operation has a loss of 50 dollars or more than what I have invested, stop automatically.
I only recommend this type of trading if you have already made successful operations before and you are a bit of an advanced investor because they are more difficult than binary ones.
In fact, some Gananci followers have told me that they lost their initial deposit because they didn’t listen to meand knowing hardly anything about trading, they started with this type of operations when I advised them to start with the binary ones.
So if you are starting to invest and you are a beginner, it is best that start with binary options and not with classical operations.
Materials plus educational
When I signed up for IQ Option for the first time, something that really surprised me was that within the platform They have lots of free resources. so that you are fully prepared before investing.
Other brokers simply give you access to their platform to start investing. and nothing more.
But on IQ Option you have several materials that will help you learn how to trade if you don’t know anything about it.
There are exclusive vídeo tutorials for your customers in which they will teach you from how to manage the page, how the different types of graphics work, to what patterns exist and how to use them.
They also have technical support completely in Spanish with which you perro contact 24 hours a day and every day of the week, and they also have a chat where you perro talk with other investors to ask questions or learn new strategies.
But there is one thing that they lack and that they should improve: have some kind of basic course, or a written guide to trading.
All its resources are very good, and once you have registered on the platform, you perro use them for free at no cost.
But sometimes they need some more in-depth explanations (especially if you’re a newbie), and it would be great to have a written guide that you could download and consult whenever you wanted, and where the information was more organized.
How is the trading experience on IQ Option
I started in the world of trading a few years ago because I wanted to get an additional source of income for my house that didn’t take me too longand with which I could increase my capital.
I have tried many brokers of all kinds throughout this time, but so far the one that has always worked best for me has been IQ Option.
And for that reason, it is the platform that I always recommend my students for a start.
The big advantage I see is that the minimum deposit is very low: only 10 dollars.
Most brokers ask you for at least $200 to start investing, and you have to make trades with a minimum of $50.
Instead, at IQ Option you perro make your first trade investing only 1 dollar. So it is quite accessible for all kinds of people regardless of their economic level.
The trading experience for me is excellent, especially if you are a beginner in trading, because The page is very easy to use. and binary operations are simpler than traditional ones.
You have already seen above in the vídeo of the Types of operations section that all you have to do is select a binary options asset to start, choose the amount to invest and the time at which it will end, and then select whether the price will go up or down.
In addition, the charts have many options that help you know how to perform your operation and what results it will have.
This section is better than other brokers I have tried where they just espectáculo you the graphbut they don’t give you any more help on the screen.
For example, the orange and green help bar on the left will guide you through choose if the price will go up or down (If in “Lower” the percentage is higher, it is better to choose that; and if in “Up” the percentage is higher, choose that option).
After making an operation, a chart will also appear on the right. orange bar with a small flag below that it will tell you the time left so that your investment ends.
This is very useful because if it is close to ending, and you are suffering losses, you perro cancel the operation or sell so as not to have even more losses.
Another element that makes the screen very intuitive is that when you indicate the amount that you are going to invest, IQ Option calculates what your profit percentage will be if you are successful (above in the image it is 86%), and how much money you will get according to the investment (in the image it would be 11.18 dollars).
All these resources together with others such as the demo account to practice, the exclusive vídeo tutorials to learn, and the chat to ask questions, make trading experience here is 10.
The only inconvenience you may encounter is that after registering for free on their website, you will be asked to verify your account sending them a photo of your identity card.
But this will not take you more than 2 minutes (you cánido take the photo with your cell phone), and it is a security system that use all brokers to ensure that its users are legal persons, and to keep the data of other members safe.
So if you ever find a broker that does not ask you for verification with your identity card, be wary, because it is most likely a scam.
Does IQ Option have bonds of welcoming?
IQ Option does not have welcome bonuses.
However, the client may be aware of promotions that IQ Option frequently promotes and that it will let you know through its information channels, such as by correo electrónico.
Questions Frequently Asked Questions about IQ Option
As you have seen, all the information that I have given you above is quite extensive, and this is an in depth IQ Option analysis so that you cánido have all the necessary data to operate with them.
However, I have noticed that my students and Gananci followers who contact me in the comments, they often have questions in common that maybe you are doing too.
1. How cánido I make the deposit of $10?
You perro do it through debit or credit card Visa, Mastercard, Profesor, with Webmoney, Skrill, Neteller and bank transfer.
for now they do not accept PayPal neither are other forms such as Western Union.
2. How cánido I withdraw my money?
Through the same methods as to make the deposit: Visa, Mastercard, Profesor, with Webmoney, Skrill, Neteller and bank transfer.
3. How long does it take to deposit my money?
The transfer of your winnings to the account or method you have chosen usually takes between 24 to 72 hours.
4. What is the minimum amount I cánido withdraw and what are the fees?
On IQ Option you cánido withdraw your money from $2.
The number of withdrawals per day is unlimited (you cánido make as many as you want), and the maximum amount of money you cánido withdraw is 1 million dollars.
If you withdraw money through your debit or credit card, Webmoney, Skrill, or Neteller, you will not be charged any commission for the first withdrawal during the month. From the second withdrawal you will be charged a commission of 2% depending on the amount withdrawn, with a minimum of 1 dollar and a maximum of 30 dollars.
But if you withdraw it vía bank transfer, they will charge you a commission of $31 of your total payment (for example, if you ask for $200, you will receive $150 in your account because the other $50 is kept by them as a commission).
5. How do I make a deposit?
First, sign up to IQ Option and verify your account.
Then entrar the page with your dirección de correo electrónico and password, and clic on the green “Deposit” button on the top right.
Select your payment method and the amount you want to entrar, and follow the instructions that will be displayed on the screen depending on the deposit method you have chosen.
6. Does IQ Option have an aplicación for my phone?
Yes, IQ Option has an application to be able to invest from your cell phone that you cánido download by clicking here from your phone.
In this way, you perro start, check, and consult your operations whenever you want and anywhere where you are comfortable.
They also have an aplicación that you perro download on your computer to use the IQ Option program on it without having to open your browser.
7. Cánido I use IQ Option in my country?
IQ Option is available at all Latin American countries.
If you live in the United States or Puerto Rico, you will not be able to use IQ Option because they are not available there.
8. Andrés, what steps do you recommend to start investing?
This is perhaps the most frequent question that I am always asked because after all trading cánido be something new for many people, and they are afraid to risk their money.
So my advice is that first sign up for free at IQ Option to create your account.
Then watch all their vídeo tutorials they have to learn how to get around the page and learn some basic strategies.
After, practice for a couple of days with the demo account to familiarize yourself and find out which assets and strategies have worked best for you.
And finally, when you’re ready, make your first deposit of $10, and make your first trade to get real money.
These are the steps I always recommend to my students, and everyone who has followed my advice. have been successful in investing on IQ Option.
9. How do I make the deposit in dollars?
If you cannot buy dollars in your country or the currency is different (pesos, bolivars, etcétera.), don’t worry: just send the money in your country’s currency, and IQ Option will convert that amount to dollars automatically.
10. Is IQ Option reliable and does it pay?
Yeah.
IQ Option is a broker reliable.
I have been using it for 4 years, and they have always paid me when I have withdrawn my winnings, as they have done with all the people I have recommended it to (my students, friends, Gananci followers…).
To see other people’s opinions, look at the next section.
eleven. How much money cánido I earn with IQ Option?
That depends on how much you are willing to work at it, and how your level of discipline to learn about binary options.
I have students who they are generating 80 dollars a day with IQ Option, and others who only make about $500 a month because they only put in about 5 hours a week on this.
Opinions of my readers
If you have come this far, it is because you have read all my IQ Option review and what I think about this binary options broker both with its advantages and disadvantages.
But I also know that sometimes a single opinion is not enough; That’s why here I share a small sample of what some Gananci followers think of IQ Option after having tried it.
For me, IQ Option is definitely a good broker for invest in binary optionsand its platform is the one that has given me the best results so far of all the ones I’ve tried.
And you, have you already made your first operation with IQ Option? leave me a comment below and tell me what you think.
“General Risk Warning: The financial products offered by the Company carry a high level of risk and may result in the loss of all your funds.
You should never invest money that you cannot afford to lose.
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Andrés Gananci is an entrepreneur and adventurer with a passion for life who founded his first en línea business at just 17 years old. 12 years later, he is still traveling the world while working from home.
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