Owned by the parent company IQ Option Europe Ltd, IQ Option is currently one of the most popular binary trading platforms for beginner traders. Regulated under the Cyprus Investment Firm license # 247/14, IQ Option offers binary options traders a regulated environment for which to trade binaries under the most flexible trading conditions. Their minimum deposit requirement of $10 and minimum investment amount of $1 are the lowest requirements among all the binary brokers in the industry. Together with their no frills proprietary trading platform and coverage of more than 70 different types of underlying assets, traders at IQ Option are assured of a fulfilling trading experience.
Trading Platform
The platform used by IQ Option was developed by a team of specialists in conjunction with input from traders. Designed for both beginners and expert traders, the interface of the platform is easy to navigate while at the same time packed with features.
Unique Features
One of the most unique aspects of IQ Option trading platform is the tools that they have provided traders with. For starters, traders can choose if they want their charts to be displayed as line chart or candlesticks chart. In addition, there are also various technical indicators which traders can select and apply onto their charts to help them get a better picture of the conditions in the markets. To date despite its simplistic appearances, the IQ Option’s platform is the most advanced binary options trading platform ever created.
Trade Types
At present, IQ Option’s trading platform only supports 2 types of option contracts namely classic Call/Put binary options and Turbo options. The Call/Put binary options are options which have their expiry times in excess of 15 minutes. Turbo binary options on the other hand are binary options with their expiry time ranging from 30 seconds to 5 minutes.
Trading Accounts
As for the trading accounts at IQ Option, there is only one type of standard trading account. The reason for this is because IQ Option has opted to keep things simple and accessible which goes to explain why they only require a token amount of $10 as their minimum deposit requirement. They are also currently offering a 20% deposit bonus for first time depositors.
Asset Index
Like all binary options brokers, IQ Option offer traders the opportunity to trade in forex, commodities, stocks and market indices. While the range of assets covered by IQ Option is only slightly more than 70 different assets, they make up for this deficiency by providing the highest possible returns in the industry.
Payout Ratios
With a maximum payout ratio of 92% and a maximum rebate of 60%, the payouts offered by IQ Option are one of the highest in the industry. At present, no other binary broker can come close to what is being offered by IQ Option.
Customer Support
Customer support services at IQ Option are on a 24/7 basis. The mode of contact with customer support is either by email or through the telephone.
Pros
- Free Demo Account
- Maximum Rebate Of 60% For OTM Trades
- Professional And Transparent Broker
- Regulated Broker
- Sophisticated Trading Platform
- Up To 92% Payout Ratio
- Welcome Bonus up to 100%
- Wide Ranging Of Advanced Trading Tools Provided
Cons
- Lack Of Localized Telephone Support
- More Assets Should Be Added To Their Asset Index
- Only 2 Types Of Options Contract Available
Conclusion
At present, IQ Option offers binary traders the best trading conditions in the binary trading industry. So far no other binary brokers have been able to match their payout and rebate ratios. Their low minimum deposit requirement and minimum investment amount have also made binary trading extremely affordable.