IQ Option Free Demo Trading. Sign Up now

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IQ Option provide some great benefits for binary options traders. The demo account is a great feature, and not time restricted. The trading platform is cutting edge, but still user friendly – and the IQ Option app (with tailored android and iOS versions) is equally well designed. They have also started to expand beyond binary trades, offering forex, cfds and even direct access to markets such as Bitcoin. They also deliver the risk management tools needed for forex and cryptocurrency trading – adding ‘stop loss’ and ‘take profit’ tools.
Our detailed review covers each of those features, plus all the other elements that traders want to know about their broker – so tips, minimum deposit and withdrawal methods (like Paypal and Neteller), bonus codes, login information, tutorial videos – and even whether IQ Option is a scam (It is not, by the way!).

 
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General Risk Warning:

The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose

Is IQ Option A Scam?

IQ Option is licensed and regulated by CySEC, but they have also sought to register with other regulatory bodies (full details can be found on their website). They are a ‘legit’, reliable business. Their affiliate network all market responsibly and ensure the nature of trading is reflected accurately.
Established in mid 2013, the brand is – in our opinion here at BinaryOptions.net – one of the most reliable and innovative binary brokers in the industry. Their reputation is also enhanced by various awards that they have won from various industry reviewers. They list their full array of awards on their website. IQ Option is not a scam.
Our user satisfaction feedback is positive for IQ – Users have few complaints and use the platform for many months and years. The forum response is also positive.
The firm operates in a very transparent way, in order to maintain their reputation and user confidence, for example:
  • Demo Account – This runs in parallel to the real money account and is not time restricted. IQ Option are happy for traders to hone their skills for as long as it takes, and have faith in their trading platform to maintain trader retention.
  • Offers – Deposit match bonuses have been dropped entirely since December 14th due to CySec rules. The regulator deemed this type of bonus as being high risk, and as a regulated brand, IQ have stopped offering them.
  • Hedging – IQ are clear on how and when they will hedge their own positions. This should act to reassure traders who fear ‘over the counter’ brokers only want to see traders lose. IQ actively manage their risk.
  • Support – Support is offered in a range of languages and includes live chat for quick resolution of any complaints.

Trading platform

To provide their clients with access to the financial markets, IQ developed their own bespoke platform. It was overhauled and improved again at the start of 2016, to version 4.0. As such, the interface and features of the trading platform may not be what most binary traders are used too as it is modelled on the more advanced trading platforms used by the spot forex trading industry. This includes tools such as stop losses, or take profit levels – features not available at ‘standard’ binary operators.
The platform is available as a web-based hub, or alternatively, traders can download a version for either PC or Mac. The download is fractionally quicker.
It is clear then, that the software is one of the most sophisticated trading platforms around in the binary industry, particularly the over the counter (OTC) brokers.
Apart from having a refreshing user interface, the trading platform allows traders to change the view of their chart from a choice of four different layouts:
  • Line
  • Candlestick
  • Area
  • Bar
The timescale for the bar and candlestick charts can be chosen from an impressive 18 different intervals – and multiple charts can be used, in order to confirm trends over more than one time frame. In addition, there are also various other tools such as a line drawing tool which traders can use to plot their own trends on the live charts. The latest updates also added a wealth of technical analysis features too. Multiple indicators such as Bollinger bands, moving averages or relative strength index (RSI) can be laid over the chart. Nearly 20 different indicators are available.
Trade size ranges from just $1, up to a maximum investment of $10,000 on the classic options.
Perhaps one of the most useful features about the trading platform is the ability for traders to make multiple trades on the same chart. This is especially useful when you want to employ more sophisticated trading strategies or trade signals.
There are a range of useful tutorial videos provided once users sign up (two are included within this review) and these provide a demo of every aspect of the trading platform. So there are tutorials about the platform itself, some of how to trade with multiple charts or trading windows. The range of educational material is very big, and ensure new traders can trade with confidence.
The newer products such as forex and cryptocurrency trading display slightly different options based on the market being traded. For example, the forex trades will bring up leverage and stop loss features. Assets such as Bitcoin or Ethereum, traded via contracts for difference, do not have an expiry time. They do however ever, carry a stop loss and take profit feature.
The look and feel remains the same throughout the trading range however, and all the relevant information is available to the trader.

Mobile App

The IQ Option app follows the development of the bespoke trading platform, and delivers a seamless mobile user experience. The trading area is shown in the same way, and the screen, buttons and ‘look and feel’ match those of the full website, or desktop download.
The mobile application has been delivered as a tailored product for each operating system, so the IQ Option Android app, has been developed solely for android devices. Likewise, the iOS app has been written with the iPhone or iPod in mind, and ensures it gets the most out of those devices. It is the sort of attention to detail that IQ are becoming known for.
Apple’s recent changes regarding binary related applications have been swiftly dealt with by IQ Option. They have redeveloped the iOS version to adhere to the new rules. Their ability to adapt to the changing investing landscape is reassuring. The new version includes forex and CFD trading – and cryptocurrency trades will also be available once released.
There is also an ‘IQ Option for Windows’ version, as well as the android and iOS versions. The download buttons below will take you straight to Google Play or the App Store, and the most up to date version of the mobile trading app:

Download the IQ Option App

IQ Option download android IQ Option download iPhone iOS
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