IQ Options have been around for about 5 years and in that small of a time, they have climbed to the top of binary option trading industry. This dominance led to a choice to diversify the company’s production selection to include, Forex, CFDs ETFs and crypto currencies. Based out of Cyprus, IQ Options is owned and managed by IQ Option Europe Ltd, a Cyprus Investment Firm (CIF).
Spreads, Leverages, and Regulations
Spreads are calculated by subtracting the bidding amount from the asking amount. There is a wide array of fixed and floating spreads offered in the Forex brokerages market. IQ Options does have one of the higher spreads offered, which unfortunately is pretty common with new forex brokers. However, just in 2018, they have improved their spreads and list of available currency pairs exponentially. IQ Options only offered 22 currency pairs at the end of 2017 and here in December 2018, that number increased to 88.
Leverages offered by IQ Options vary depending on type of the currency pairs. For major pairs in regulated countries their maximum leverage sits at 1:30. In non-regulated countries this number soars up to 1:1000. For minor and exotic pairings these numbers fall to 1:20 Regulated and 1:300/1:100 Non-Regulated, respectively.
One thing IQ Options does great is handling your security. By utilizing the latest SSL tech to assure you and your money are safe. IQ Options is under the jurisdiction of Cyprus and is regulated by Cyprus Securities Exchange Commission (CySEC).
Banking
There are three options available to traders for how they deposit and withdraw their money from their IQ Options accounts. You can choose from credit cards, wire transfers, and eWallets (Neteller, Webmoney, Skrill). Wire transfers are the slowest of the three options but they all process pretty quickly.
You have the same options as above for withdrawing your money from your IQ wallets to your bank accounts. The form you need to fill out to request a withdrawal is available at their website and usually gets processed within one day. However some traders have reported processing times close to seven days.
Account types
IQ Options has three separate account types for its users to choose from. These three options are Demo, Standard and VIP Accounts. These accounts are distinguished by the amount of capital you must have in your IQ Option account.
DEMO: 0$, Free account with virtual currency for you to get your sea legs in Forex trading, through risk-free trading.
Standard Account: $10 Minimum Requirement. Gets you access to the charting tools and features available to aid traders. Also, permission to enter IQ Option’s weekly tournaments.
VIP: $3000 Minimum Deposit. VIP Accounts come with your very own Personal Manager, free weekly tournaments and a 3% extra payout that can be very useful when trading with big capitals.
Trading Platform
Probably one of the key features of IQ Options is the in-home created proprietary trading platform. This sleek looking platform has its advantages but shortcomings as well. Yet, there is a lot to like about trading in this ever-improving platform. You can have up to 9 charts or graphs open on your interface to get as much information as you can, as fast as possible to make the best trades at best positions.
Technical Indicators like MACD, Parabolic SAR, Stochastic Oscillator, and Awesome Oscillator, allow you to chart to your liking and trading strategy. With all this at your disposal, IQ Options is proving you do not need to be old to be bold.