IQ Option has been operating on the financial market since 2013. During this time period, for many investors, he has become a reliable and profitable partner. No trader will be able to carry out their activities without a good broker. IQ Option facilitates online trading in the financial markets. Moreover, the company currently offers its services in most countries of the world. To date, the IQ Option trading platform has over 48 million registered users. In this IQ Option review, you will learn what attracts clients and how to make your trading more efficient using the broker's trading tools.
It is possible to trade on the platform with a variety of global stocks, including those from the leading financial players in the market. To ensure that users do not have any difficulties associated with the language barrier, the IQ Option system gives a choice of 17 languages for work.
IQ Option is one of the most titled binary options brokers. Some of the awards are: At the 2016 Web Marketing Association awards mobile app won the Best Technology App award, Award of Excellence in 2017, Customer Service Commitment Award. The creators say that: “We are proud of all our awards, but more importantly, we are constantly improving what would seem to already be of the quality of an ideal product. If you take the platform at the time of receiving the “Best Trading Platform” award and compare it with the platform today, you can clearly see the great strides we have made." You can find the full list of awards on the official website of the broker.
Broker IQ Option has all constituent documents, legal status and rights to provide financial intermediary services via the Internet. There are also no restrictions in the local legislation of Pakistan for a broker to provide services to its residents. The broker also provides:
- Guaranteed protection and security of funds.
- Encryption of transaction data.
What can be traded with IQ Option? You can trade over 300 different assets on the online trading platform. Stocks, currencies, commodities, ETFs and cryptocurrencies - take your pick! There is a wide range of assets here, and based on observations, IQ Option is constantly adding new assets to its list.You can use CFD trading and binary options.
A CFD, or contract for difference, is a derivative instrument whose value follows the price of the underlying asset. Any commodity can act as the underlying asset — stocks, metals, etc. When working with CFDs, a trader does not buy or sell the underlying asset. As the name of the instrument implies, we only enter into a contract that will allow us to get the difference between the opening and closing prices of a position. Because of this feature, CFDs are classified as derivatives, that is, derivative financial instruments.
For traders, the platform offers digital options and binary options. Binary options trading is the most popular on the platform. You can trade different assets with them: stocks, forex and commodities. Their essence is that the trader chooses the underlying asset and opens a deal. It indicates its forecast for the price of this asset, whether it will be higher or lower than the current one, and also indicates the amount of the transaction. Profitability with a correct forecast is very high 80-95% of the transaction amount.
Options Digital is a modern trader's tool that provides a flexible system for setting parameters, which increases the chance of making a profit. They allow you to trade different assets. And the main feature is that the profitability of the transaction depends on such a parameter as the strike price. The more the strike price you set differs from the current price level for the selected asset, the greater the potential profit will be. But the risk also increases many times over. Conversely, if you want to reduce the risk of a trade, you can set the strike price so that it does not differ much from the current price. But at the same time, the profit will be low.
Speculative trading in commodities provides an opportunity for an investor to earn. Such goods are often the resources that support the world economy, and any change in it provokes fluctuations in the prices of raw materials. You will be able to choose from three commodities for your trades: Brent and WTI oil, as well as gold. The product offered by the broker is popular among traders.
An exchange traded fund (or more commonly an ETF) is an index fund that is publicly traded on an exchange. The structure of such a fund completely repeats the structure of the underlying instrument/index. There are 23 funds on the platform and you can trade with leverage up to 1:20.
Shares of global companies are the largest section of all assets. This is one of the most tradable assets. As of today, 188 shares are available for speculation. Share CFDs are available for trading when the asset (share) itself is traded. If you are trading CFDs on US stocks, trading hours are Monday through Friday from 9:30 am to 4:00 pm Exchange Hours.
31 forex pairs will be available for CFD trading after registration. Leverage up to 1:500. Here are the most popular currency pairs such as EUR USD, EUR JPY, GBP USD, USD CHF and others. Forex trading is one of the oldest types of speculation.
Many people today invest money in cryptocurrencies. This is largely facilitated by the changed financial landscape. At first, cryptocurrency trading was carried out by specialists in this field, but now everyone has such an opportunity, thanks to the tools offered by brokers, such as a contract for difference or CFD. Cryptocurrency Multiplier up to 1:100.
An index CFD is a settlement contract, by buying and selling which the parties place bets on the growth or decline of the underlying indicator. In other words, if the buyer opened a long position, this transaction can be considered as a purchase of a package of securities that are included in this index. With sales, the situation is opposite - in this case, the bidder opens a short position on the entire block of shares at once. There are 12 indexes available for you! Try it!
Registration in Pakistan
If you already want to try trading the presented assets, then there is only one step left to do, and that is to go through a free registration. Opening an account on the IQ Option platform will take you no more than 5 minutes.
After you open an account, you will be able to get acquainted with the platform and interface. You can try all the features for free and then decide if you want to fund your account or keep training on a demo account for now.
So, to register a free account, use the link to the registration form below. After filling it out, you will automatically be redirected to the broker's web platform, where demo and live accounts are available to you. You need to fill out a standard form:
- Enter your email address
- Create a password from letters and numbers
- Read and agree to the terms and conditions
- Press the green button and you're done!
The availability of a broker is one of the most important points of the marketing concept of this brokerage company. Opening a trading account is simple and fast here.
After registration, you will have access to 3 trading accounts types:
- Free demo account with $10,000 virtual deposit
- Standard trading account with a minimum deposit of $10
- VIP account with advanced functionality
You can also choose to open an Islamic account. to do this, contact the support service.
A free demo account on IQ Option is a unique tool where you can get acquainted with trading, master the trading platform, or test a new trading strategy without risking your capital.
The interface of this account does not differ from the real one. You will get access to:
- assets for practice trading
- video training
- traders' chats
- news feeds
- economic calendar
- technical tools, etc.
Demo account can be updated! This means that if the amount on the account runs out, then with one click you can again add it to $10,000 and continue demo trading.
To start trading on a live account, you need to make a minimum deposit of $10, the minimum trade here is $1. Thus, a beginner starts with the amount available to him, and after a while can become a successful trader with high earnings.
An important point. During the trading process, you can switch from a real account to a demo account and back whenever you need it without any restrictions. To do this, click on the amount on your account in the upper right corner above the price chart on the platform and change the account type.
- VIP account provides the following benefits:
- Increasing the profitability of transactions by several percent
- Personal account manager
- Additional study materials and books
- Unique tournaments between VIP traders and free participation in some tournaments
- Priority in the withdrawal of funds. The request is processed 1 day maximum
- Public VIP chats where VIP traders can chat with other VIP traders.
To qualify for the VIP status account review:
- Have a minimum deposit amount of $1600 within 60 days
- Have a minimum trading volume of $6000 within 60 days
Verification is a personal identification procedure that is mandatory for all clients of brokerage and investment companies, in accordance with the international AML policy. IQ Option is no exception. This includes Address Verification and other personal information about you. The company values each client and tries to check as quickly as possible. Therefore, please treat the procedure with understanding. Identity verification of clients is an additional protection against fraudsters within our platform.
Attention! It is highly recommended to provide documents to verify your identity before funding your trading account. This will avoid all sorts of difficulties when withdrawing the profits. In accordance with the AML policy, any financial company has the full right to reject a client's request for withdrawal of funds if they refuse to provide the necessary documents.
The comfort of the conditions of the binary options broker IQ Option is complemented by an intuitive trading platform with a user friendly interface. It is the company's own development based on Spot Option software.
Quotes in this web terminal are displayed in an interactive mode, which allows you to respond to trend changes in a timely manner and make correct transactions.
Trading software is available to work from a personal computer, smartphone or tablet. The developers are constantly adding new features to the software and trying to improve the trading experience of the clients.
The PC application can be downloaded for free. To do this, go through registration and after the system redirects you to the web version of the platform, download the application there. The system will prompt you for this. The application weighs 21mb.
According to the experience of many investors, the PC trading application is one of the best IQ Option programs, as it provides the most comfortable scale of the chart and technical tools. It also allows you to place several charts on the screen and trade different assets and different charting tools at the same time.
You will get a very good experience with it because it works smoothly and without disconnections. Like a computer or a web platform, mobile trading app give you access to all markets and financial products offered by broker. Nowadays, mobile trading is very important because the markets are open 24/7 and you can check them with your mobile phone.
You can use the same tools as on your computer to analyze charts and trade. The app is available for Android and iOS devices.
The web version is a platform that you get to immediately after registration, it opens directly in your browser and does not require any installation. You can trade on it and make deals, the only negative is that it can work a little slower than applications, and not all functions are available, such as some indicators. When you find yourself on the web platform, the system will prompt you to download a free application for your devices, use it!
Any trading application strives to become the best and win the trust of customers. In addition to the reliability and quality of the platform, you will be able to enjoy the following features:
- Technical analysis. Which includes several types of price charts, indicators (more than 80 pieces), graphical tools. Use tools and widgets, such as the trade direction of other traders. Develop your own strategies with the tools!
- Economic calendar and news to help you make an analysis.
- Analysis and alerts will help you open a trade at the right time.
- Customizable price change notifications.
- Various orders. Trailing stop and Limiting orders (Stop Loss and Take Profit) will allow you to reduce the high level of risk, you can also open a trade at the price you set. Properly used orders are part of risk management.
- Video lessons on trading topics. There are more than 15 lessons for today that will give you an initial understanding of how to trade.
- Trading community. You become more than just a trader. You become part of the community. You will be able to chat with other traders online right on the platform, share experiences, participate in tournaments and see the rating of traders with their results.
Once your account is set up and you are ready to start real trading, you will need to make a deposit. You can replenish your account in several supported currencies: USD, EUR, GBP. Please note that you can only change currency of your IQ Option account once during your first deposit.
There are several deposit methods:
- VISA/MasterCard bank or credit cards
- Perfect Money
When making a deposit, the broker does not charge a commission, and the funds are received instantly or in a few minutes. Register and replenish your account by clicking on the "Deposit" button in the upper right corner of the platform.
The broker gives excellent conditions - the minimum deposit is only $10. Use the deposits and withdrawals methods that are convenient for you.
The result of successful trading in IQ Option, of course, is profit, which can be withdrawn at any convenient time. Use the same payment method to withdraw funds as when making a deposit.
IQ Option does not charge a fee, however, it may be charged by your bank or electronic payment methods. You can see the status of your application in the withdrawal request section.
The withdrawal takes an average of 1-3 business days. Minimum withdrawal amount from 2$.
Not a single financial institution, including forex brokers, can do without payment. You must be aware of all possible commissions that may be charged.
- Inactivity fee. If you have no trades for 90 days and still have real money in your account, you may be charged a fee of 10 euros for maintaining an inactive account.
- Swap fees ranging from 0.01% to 0.5% and in exceptional cases up to 1.7% of the nominal value of the position for the transfer of the position to the next day.
- Each customer has one free withdrawal per month. A 2% commission is charged starting from the second withdrawal of funds by the client in a calendar month.
- Currency conversion. 1% commission per transaction (i.e. deposits and withdrawals) when converting from or to your trading account currency and payment processing currency.
- Account closure. The Company may charge a fee of 20 USD for account closure if it is determined that the client is underage.
In addition to trading activities, the broker tries to diversify the life of traders with the help of periodic promotions, tournaments, additional bonuses or webinars. In order to find out the current Promotions, you need to go to the application or contact support.
IQ Option tournaments can be different. For example, each participant is credited with a virtual amount to the tournament account, and traders compete with each other for 30 minutes. The winner is the one whose balance at the end of the tournament will be the largest.
IQ Option will regularly announce tournaments on its website. You can also receive information about upcoming tournaments through your trading interface. Select the "Tournaments" menu to the left of your work schedule on the platform. To participate in tournaments, you need to make a certain small amount to participate.
Broker affiliate programs are when you promote a broker's products and services and you get paid a commission in return. In IQ Option you get the opportunity to promote a broker and get paid as soon as a person registers through your link and becomes an active trader.
You also get a set of tools like banners, sponsored links and more. You can post it on your website, blog, chats, etc. You will be able to receive a commission for attracted clients without a time limit, as well as up to 50% of your clients' transactions. You can find out more detailed and precise conditions at the time of registration in the program.
Register using the form below on the platform and contact the customer support team for information about the terms of the affiliate program in Pakistan.
The IQ Option broker website and trading app have a good help and FAQ section and you can find almost all the answers there.
At the same time, for technical, financial and organizational issues, the company's customers can contact the support service by e-mail email@example.com.
Following its own concept of quality service, IQ Option broker has developed an effective and responsive strategy for feedback and timely professional support for its clients. You will get the fastest response in live chat 24/7.
Headquarters:Goshawk Finance LLC - Registration No. 1988 LLC 2022. Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines
- An email address firstname.lastname@example.org is always available for you.
- Also you can call +13468009001 English line
On the official forums and chats, you can see complaints from clients who said that traders were not approved for withdrawals. For each such case, there was a reaction from the official representative of IQ Option and the issues were resolved. The "Terms and Conditions" section indicates the terms for withdrawing money from the platform, within which IQ Option fulfills its obligations. Pay attention only to official communities and chats and try to leave your questions there. On third-party sites, broker representatives will not be able to help you and the reviews that you can see there are often biased.
Pros and Cons
|Free demo account for $10,000
|Binary options of only one type : High and Low
|Amount of transactions from 1$
|Limited number of timeframes without the ability to set custom intervals
|Decent hardware platform
|Withdrawals may take several days in some cases
|Complete set of technical tools
|Thoughtful partnership tactics
|Close contact with your target audience
|Customizable and user-friendly platform interface
|Multi graphics with customization options
|Available for any device
|Support center and chat integrated into the platform
|News calendar of economic events
|Easy to use and you see transparent trading fees and conditions
|You can withdraw money from 2$
|Reliable deposit and withdrawal methods
Founded Year of IQ Option is 2013. With over 9 years of experience, IQ Option has won the trust of traders in over 100 countries. You can also try other trading platforms with licenses that offer demo accounts and convenient trading conditions: Quotex, Expert Option, Pocket Option, Binomo, Olymp Trade, Exnova, Capital Bear.
Is IQ Option a scam?
IQ Option is a broker for beginner traders who would like to get their first trading skills. The broker follows the laws of the country in which it provides services and fulfills all obligations to clients. Being on the market for more than 9 years has gained the trust of traders and earned a reputation as a reliable partner for CFD trading. Trade with IQ Option!
Is IQ Option legal?
Yes trading with IQ Option legal. The company is absolutely legal and cooperates with reputable payment systems. All legal information can be found on the official website.
Is IQ Option safe?
Yes, when working with a broker, you can be sure of safety. The broker uses two-step authentication, client funds are kept in separate accounts in reliable banks. Your bank card details that you submit for verification are also protected. On the confirmation page, you will see an instruction asking you to hide your bank card information before uploading it. Even if you forget to do it, our system will automatically cover it for you.
Can IQ Option be trusted?
Based on everything you learned today about the platform, we can conclude that the broker can be trusted. If this were not the case, the broker would not have been able to be on the market since 2013 and receive awards for their work. Take your trading seriously, do not invest amounts that you cannot afford to lose and always remember the risk warning to make your trading as efficient and safe as possible.