You will occasionally come across a binary options broker site that really stands out from the crowd because of their all-round great products and services. This is definitely the case with IQ Option. They really are a force to be reckoned with, they offer a user-friendly trading platform, comprehensive educational material, outstanding bonuses, as well as the ability to deposit as little as$10 and trade as little as $1, by far the lowest minimums in the binary options tradingindustry. In this review, I go through the following facts:
IQ Option Bonuses: What kind of bonuses and benefits a new trader gets.
IQ Option YouTube Video: An introduction video for new traders.
IQ Option Review.
IQ Option Testimonials and Success Stories: Real users share their experiences.
IQ Option Trading: How and what to trade with IQ Option.
IQ Option Strategy: The strategies you need to earn as much as possible.
IQ Option App: How to use and get the most out of the app.
IQ Option Is It a Scam?: My full fraud investigation report and results.
Assets: Currency pairs, stocks, indices and commodities
Number of assets: 70+
Countries: We accept all countries except the USA, Canada, Australia, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran.
Demo account: Yes, free of charge
Mobile application: iOS and Android. The iOS application is unavailable in: Malta. The Android application is unavailable in: Malta, Myanmar, Liechtenstein and Cuba.
Trading platform: Web-browser and standalone app
Support languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic and Indonesian
Withdrawal: up to 3 working days
There are currently hundreds of binary options brokers, with new ones appearing on the market almost daily. This is great for customers. As companies try to compete against each other, there is an almost endless number of choices with special features.
One thing that many brokers have been overlooking is existing customers; the goal has only been to get new customers, which has led many customers, after making their first deposit, to go to other broker sites or to stop investing in binary options completely.
But this is where IQ Option is completely different to its competitors, they have worked very hard to make investing interesting, fun and entertaining. A perfect example of this is a $10 minimum deposit and a $1 minimum investment, which shows that they are openly welcoming those investors who want to start cautiously or who cannot afford to invest larger amounts of money.
Earning with investments is no longer just for the rich, ordinary people now have the opportunity to start with small amounts, and gradually increase their fortune to the same amounts as those of professional traders. However, you do not have to take my word for it; read these actual experiences and success stories, and decide if you could be one of them in the near future.
Testimonials And Success Stories
“Ronald O. 51 year old, construction worker from Liverpool, UK.” I first tried binary options two years ago but quickly lost my £200 initial investment. I was mad because I could not afford to lose that kind of money. I thought that I would never try binary options again. However, a few months ago I found out that, with IQ Option, I could practice with a free demo account, so I decided to try it. After a few weeks, I noticed that I started to win constantly, so I made a deposit, began to invest with real money and have never looked back. Now, after just a few months, I have won a lot of money. What I learned is to never give up and always learn from my mistakes. I will continue to educate myself and hopefully my success will continue.”
“Anna P. 22 year old, student from Helsinki, Finland.” Investing has always seemed interesting, but I never really knew where to start. When I found out that IQ Option provides the ability to start with €10 and to study to be a better investor at the same time, I decided to try. In the first six months, I only made a couple hundred euros per month. However, I then noticed that I had started to earn more and more, almost every day. In the last month, I earned a really significant sum of money with binary options! I am extremely happy that I found this unique opportunity to earn money.
“Thomas C. 32 year old, investment banker from Frankfurt, Germany.” I am responsible for millions of euros in investment assets each day. However, when I generate profit, I only keep a very small portion for myself. Therefore, I decided to start binary options investing in my spare time. I compared different broker sites and concluded that IQ Option was definitely the best site for those who like to invest with a larger capital. With their excellent trading platform, I started to win immediately. During the last three months, I have won more than I have ever dreamed of. This is already considerably more than what I earn in my day job. I am seriously considering becoming a full-time binary options investor.
IQ Option currently has 77 different trading assets available. These include:
All the most commonly traded currency pairs including EUR/USD, GBP/USD, AUD/CAD, EUR/JPY, USD/CHF and many others.
Bitcoin: This option is only available on a few binary options broker sites.
There are over 70 different trading assets available
There are three different types of accounts available to you, including two account types that are for real money trading:
Practice trading for free
13 trading assets
Trading opportunities are limited
Does not use real money
All 70+ trading assets available
Start with as little as a $10 minimum deposit
You can participate in trading competitions
Full access to trading opportunities
Fast withdrawals (within 3 days)
(You will get access to VIP if you deposit more than $1,000)
All 70+ trading assets available
Full access to trading opportunities
You can participate in trading competitions
Monthly trading analysis from an analyst
Even faster withdrawals (under 24 hours)
I personally recommend starting with a VIP account from the beginning. The benefits you get will pay for themselves very quickly. Especially if you are a new trader; the help of a personal manager and the monthly analysis can be very useful when you are still learning to invest profitably. Better refunds (in cases of wrong predictions) will help you to keep your losses down. This way, it is less likely that you will have big losing streaks at the beginning.
You can choose from a wide variety of deposit options. Deposits can be made with all major credit cards, including Visa and MasterCard, or you can use the following methods: Skrill, bank wire transfer, WebMoney, QIWI, Yandex Money, PayPal, LiqPay, and Moneta. And with an extremely low minimum deposit of just $10 why wouldn’t you deposit now.
For withdrawals you can use all the same methods that are available for deposits. For a real money account withdrawals are processed quickly, within 3 business days. If you have a VIP account, withdrawal processing is even faster (just under 24 hours). Depending on your withdrawal method, there is a small withdrawal fee ranging from $5 to $10. As the minimum withdrawal amount is only $10, we advise you not to withdraw amounts smaller than $50, due to the fee.
There are wide range of different banking options available
The minimum investment of $1 per trade is the lowest in the industry. This makes it possible to start investing, with real money, carefully if you are a beginner. As the minimum investment is so low, I recommend opening a real money account from the beginning. This way, you will get access to all the benefits that a demo account user does not get.
The maximum investment of $1,000 per trade is sufficient even for “high-roller” investors who are willing to take big risks in order to obtain high yields. For example, by setting a number of $1,000 trades in a row, you can raise the stakes as high as you want.
IQ Option uses its own trading platform, a fresh change from the SpotOption platform which is used by almost all the major broker sites, including Banc de Binary, and GOptions. The super responsive live graph feature makes trading easy and fun. Unlike some competitor sites, the possibility of inadvertently setting the wrong investment is not possible. The platform has many unique features, which are specially designed to make it simple and easy to use.
In order to test the platform with a beginner, we asked our secretary if she could master the platform. Our secretary does not have any previous experience with binary options. We gave her 15 minutes to learn, after which we came back to check the situation.
When we came back, she told us that 15 minutes was more than sufficient. She was very familiar with all the main features after a couple of minutes. She also told us that she had never been interested in investing; though, after the experiment, she decided to start actively learning about investing with IQ option. In conclusion, there is no easier or better way to start.
The trading platform is very user-friendly and extremely easy to use
The trading platform includes the following unique features:
Real-time asset price movements: You can follow price changes of desired trading assets through real-time charts.
Technical analysis panel: You will find various analysis tools on the technical analysis panel. I will tell you more about these in the strategy section of this article.
Trader’s choice indicator: Here you can directly see which investment alternative (“put” or “call”) is more popular, as well as the percentage of investors that have chosen each alternative.
Top trader’s stats and best deals: You can quickly and easily see how much the best investors earned and how; so you can follow their example.
Future price movement predictions based on technical analysis: You do not need to know how to interpret the charts yourself, you can use the predictions made by professional investors.
Relevant financial news: You no longer need to look through all the news from various sites, you can see it directly through the trading platform.
Super responsive live graph makes trading super easy
IQ Option has made trading simple and clear. The investor can have the option expire in 60 seconds, or more cautiously select an expiration time, such as 30 minutes or even 24 hours. 60 second options are great for traders who want quick profits and a lot of excitement. However, they are also much risky than longer maturity options. This is why I do not recommend these as first investments for a novice investor. Profits can be huge, but losses are also frequent.
Binary Options Tournaments
IQ option offers binary options tournaments. I have never seen these on any other broker site, so I tried them with great interest. At the beginning, all traders get a tournament balance of $10,000 for their use during the tournament. Winners are determined by their tournament balances at the end, participants with the highest balance win the first place prize etc.
Some tournaments have a guaranteed prize fund, which means that, if participation fees do not cover the whole prize pool, the broker will pay the rest. Some tournaments also have rebuy possibilities, meaning that, if you lose your whole tournament balance, you can rebuy yourself back into the tournament, for the same entry fee and you get a tournament balance of $10,000 again. Tournaments usually last for 30 minutes, so they are great entertainment for investors who want to get excitement and high profits in short periods. By participating in a tournament, you can earn 100 times (sometimes even more) the entry fee.
The average level of the participants in these tournaments is astoundingly bad. With a good strategy, these truly are an easy way to earn money. You do not even have to know much about investing, as long as you follow these instructions:
Always aim to win: The first-place finisher always gets by far the biggest prize. It is therefore not worth aiming for eighth or ninth place, even if these allow you to earn a cash prize. Even if you just have a small chance, try to get into first-place, it is usually worth the risk.
It is fine to spend the first few minutes observing the strategies the other participants are using: Watch whether other participants are trying to grow their tournament funds aggressively right from the start or taking a more cautious approach. You can then tailor your own strategy accordingly. However, make sure that the leaders do not get too far ahead of you, or it may become hard for you to catch them later on.
In the middle of the tournament, you should have a clear picture of what the other participants are doing and what kind of strategy you should use: Now, it is time to optimize your strategy according to your objectives. If you are the clear leader, do not let others get too close. If you are close to the leader, try to keep them close, so that you can strike before the tournament ends. Also, observe what kind of strategies the tournament leaders are using. If they are too cautious, this will be your chance to take the whole pot, strike more aggressively and try to get into the lead.
If the end of the tournament is getting closer, and you are not close to the top, it is time to take some big risks: You have nothing to lose, so it will be a good moment to reach the money by taking big risks. Victory may not be close, but don’t be discouraged. As long as you have money, you have a chance.
Analyze your strategy afterwards and think of ways you can win more in the future: There is always room for improvement, even if you won. Spend a few minutes analyzing your strategy after the tournament is over, it might be extremely beneficial next time.
In binary option tournaments, you can win huge prizes with a small entry fee
Investors have free access to a large number of different technical analysis tools and resources. You can even use these directly through the trading platform. You can easily see the moving trends of trading, and through the technical analysis panel it is almost effortless to make investment decisions based on completed analysis. You do not need any previous expertise to do this.
There is an almost endless quantity of free educational materials for you to use, such as free webinars, ebooks, instructional videos and tutorials. With the help of these extensive materials, you can easily develop your skills and become a much better investor. Below are three examples of tutorial videos that are available for investors.
Trading Strategies for IQ Option Broker
Before we get to the actual strategies, you need to understand the system that they work with.
These are bars in charts depicting the price movements of an asset. They represent the opening and closing of a price range. If the price moves up it will be represented by a green candle. If the price moves down, it will be represented by a red candle.
These are lines in the chart which represent price movements and show the corridor within which the price range of the asset is likely to fluctuate. The support lines on the lower side of the chart represent the level from which prices tend to bounce upwards. The resistance level refers to the trend line at the upper side of the chart and it represents the level from which prices tend to bounce downwards. The area between the two trend lines is the trending corridor.
Candlesticks, trend lines and the trending corridor are some of the most popular and effective tools in binary options signal generation.
The Main Strategies
The Rebound Line Strategy
The aim of this strategy is to catch the movement of an asset at the very moment when the price cannot break through the support of the resistance levels. In this strategy, when the price reaches the resistance level and the candle closes before this level, the possibility of a rebound is greater than the possibility of a growth. Here, you are better off buying a “put” option. With the same strategy, if the price reaches the support line and the candle closes just above this level, you are better buying a “call” option. This strategy is relevant whether the trend is neutral, upward or downward.
The Three Black Crows Strategy
This strategy defines the downward reversal on the uptrend. Look out for an uptrend with several ascending candles in a row. Wait for the reversal of three descending candles in a row. Closing at the third candle is a signal of an uptrend turning into a downtrend. At the same time, when there are three descending candles in a row, and the price closes at the end of the third, this will be a signal of a downtrend turning to an uptrend. These signals are what you will use to make your trades.
Piercing Line Candlestick Pattern
Here you study the candlesticks carefully and look out for a trend in the price movements. What you will be on the lookout for is the precise moment where you will notice a reversal of a downtrend. Find two candles on the chart one of which closes the price in the middle of the previous one. Wait for the second ascending candle. When a third ascending candle appears it will be a signal of a trend reversal. This will happen both ways. Look out for another set of two candles and see if one closes in the middle of the one before it. You will look at the second candle while waiting for the third descending candle. This will be the signal of another trend reversal this time on the opposite side of the chart. You can then execute the trade in line with the signal and you can expect a winning conclusion.
The Rainbow Strategy
This strategy is a little more technical than the strategies above. Here, three exponential averages with different periods are used simultaneously. On the chart, you will mark the first line with a period of 6 in blue. The second line with a period of 14 will be marked in yellow while the third line with a period of 26 will be marked with red.
For strong signals of an imminent drop in an asset’s price, the following points with the moving average will be noted.
The blue line will be at the top
The yellow line will be in the middle
The red line will be at the bottom
The intersection of the blue line with the yellow line will be the signal to enter the market and buy a “put” option.
For strong signals of an imminent rise in an asset’s price, the following points will be noted.
The red line will be at the top
The yellow line will be in the middle
The blue line will be at the bottom.
The intersection of the yellow line with the blue line is a strong signal to enter the market and buy a “call” option.
Moving Averages Strategy
This is one of the most popular strategies and it is used extensively in binary options trading where IQ Option is in play. It is used to full effect, profit wise by both experienced and rookie traders. You will use the available technical analysis tools to construct the moving averages indicator. The period indicates the number of candlesticks selected for the calculation of the moving averages. With this strategy employed by IQ Option’s clients, there are four types of moving averages. The difference comes with the method of calculation. The different moving averages are: simple, exponential, weightage and smooth.
Most of IQ Option’s clients are in agreement that the simple and exponential moving averages are the simplest to calculate and use to help generate signals. They are also the most accurate of the four. In most cases, the last two are used by professionals in highly specialized strategies.
The simple and the exponential moving averages are relevant with many trading strategies including following the corridor using the rebound line and the breaking line. They are also used in advanced strategies where construction of several moving averages is simultaneously carried out.
The Pin Bar Strategy
This is another of the more technical strategies that you can use with IQ Option. It will be used to predict a downward or upward trend with the price of an asset. What are studied here are pin bar candles with tails or spots.
If a pin bar candle has a small body and a long tail, directed upward or downward, there is an imminent shift in the price of the asset depending on the prevailing market conditions. If the tail of the pin bar points upwards, the price of the asset is predicted to move downwards. You will need to predict accordingly in that instant.
When the tail of the pin bar points downwards the price of the asset is predicted to go up. This is another signal and you will trade accordingly. A good pin bar with a tail is an indication that you should enter the market. What you need to be careful about is the direction that the tail is facing as this will be indicative of the prevailing market conditions.
Not all pin bars with tails are good. A good pin bar has to satisfy the following conditions:
The open and close levels are placed next to the end of one of the previous bars.
This must be near the top or bottom.
The pin bars open and close levels are placed within the left bars also known as the left eye. If all the parameters are to the right, it means that the signal is strong enough to enter the market.
The Breaking Line Strategy
This IQ Option strategy aims to catch the exact moment that a candlestick breaches either the support line or the resistance line. When the candle closes above the resistance line, it is better to buy a “call” option. This is because the chances of the price of the asset rising increases dramatically.
When the candle closes below the support line, the chances of the price falling increases at a very high rate. At this point in the chart, you will buy a “put” option as it is the most favorable. This trading strategy is suitable for neutral, upward and downward trends.
This strategy is rather simple in its application mechanisms. Here, three smooth moving averages are monitored as they move along the chart. They will be displaying different moves and their respective time periods. What is important to note is that with this strategy, the moving averages must be of the smooth kind. This implies that the simple and the exponential moving averages will not work with this strategy, at least not with the IQ Option system. This is because the smooth moving averages have very little impact on ripples in the market or fluctuations with very little significance.
These moving average lines show the most likely price that the asset will have in the near future if the market is not under any undue influence from unexpected factors either within the asset’s market itself or in the wider global financial markets.
The smooth average lines of the candlesticks are looked at like they are alligator teeth. When the candles open upwards, it is the appropriate time for you to make a trade. This is a signal to execute a “call” option immediately.
When the candlesticks open downwards, it is a signal that the appropriate trade to execute is a “put” option.
When the indicators are twisted like a helix or intertwined in any way, it means the alligator is asleep; this is not the appropriate time to make any trades. Trading at this point may be tempting but the chances of losing your stake here is very high because the next possible move in very unpredictable.
In between the “call” and “put” trades, the indicators will twist again and you should rest your trading for a while.
The Bollinger Bands Strategy
Here, the strategy is applied with the price chart carrying three lines. These lines are not equal in thickness. Rather, their width will change according to the movements in the market. When an asset’s marketplace is calm, the bands will narrow. When activity resumes, the bands will widen. The rate at which they widen will depend on the intensity of the trading. Should you notice a rapid widening of the bands, you can be sure that there has been a sudden increase in the intensity of trading for that particular asset.
The band at the center represents a smooth moving average which will be carrying something like 20 bars/candles.
Trading binary options is a profitable venture. What you need is the right broker to handle your investment and to guide you to profitability. IQ Option is one of the leading brokers in the binary options marketplace. This can be seen from the deep understanding that they have of the binary options marketplace and the movements of asset prices. As evidenced by the sophistication of the trading strategies, it is how you interpret the price movements that determines the nature of the signals that you get.
There are many different free analytic tools for traders.
IQ Option App
The IQ Option mobile app is one of the best that I have ever used. And, I am not the only one who thinks this. At this moment, it is the #1 trading app in 45 countries. One of the most important reasons for its success is the great functional features, which make trading possible anytime and from anywhere. The most important buttons are not too close to each other, so even those with big fingers, like me, will not make incorrect clicks.
The app is basically the normal trading platform in a smaller size, so if you only want to trade with your mobile phone, you can; and you will not miss out on any of the key features. Trading “on the go” is becoming more popular every day, so with this excellent mobile platform, IQ Option definitely has a distinct advantage over most of its competitors. The app can be downloaded from Google Play or App Store or click on the button below to download the IQ Option mobile app now:
Mobile app can be downloaded from Google play or App Store.
IQ Option: Is It a Scam?
I have done a full fraud investigation and the outcome is clear: IQ Option is not a fraudulent broker. The following facts prove this without a doubt:
It has the best website and the most versatile trading platform in the industry: These cost hundreds of thousands of dollars to make. Scammers would not have these kinds of resources at their disposal.
It has operated for several years without any negative comments: Scammers can never fully escape negative comments; a great reputation is a good indicator that the broker is truly honest.
It has the lowest minimum deposit in the industry: Scammers usually have one simple goal: to get as much money as soon as possible. There is always a risk that the scam is revealed, after which getting money is extremely difficult.
Completely free demo accounts: If you intend to scam, why would you give anything for free? Especially if that would increase the risk of being exposed.
Extensive free educational material: If you intend to scam someone, it does not make sense to make it harder by teaching your victims.
Fast withdrawals and versatile withdrawal methods: Scammers always try to get money from their victims by any means possible. Therefore, it is obvious that they would not give victims their money back.
Awards and distinctions: Scammers do not win prizes from impartial organizations. More about these awards is provided below.
IQ Option has received several awards and recognition from multiple sources. This is more proof that they are excellent and honest in their business. The most popular of these awards are the “Most Reliable Binary Option Broker” award and the “Most Innovative Binary Option Broker” award. The judges were the most esteemed and experienced people in the area of investment, from all-around the world. IQ Option competed against other popular broker sites, such as CTOption, Option FM, CherryTrade and Master Option.
IQ Option has won many awards, such as “Most Reliable Broker” and “Most Innovative Broker.”
IQ Option Auto Trader
If you want to use an automated trading robot, we have good news for you! IQ Option has recently implemented an automated robot on their website. However, because their auto trader is still new, we cannot confirm how good it is, so we recommend you use one of our recommended trading robots instead:
Binary Option Robot Review – Best fully automated trading robots reviewed. The biggest secrets of binary options trading revealed. Read how pro traders have earned their fortune, and use the same tools that they have used for many years.
IQ Option does not currently accept US traders. After SpotOption stopped accepting American customers a little while ago, their position has been a bit uncertain. However, for the moment, at least, the following Binary Options Brokers accept US traders:
I must admit that I am extremely impressed with how professionally IQ Option has dealt with every single detail of their site. They have really raised the bar to a completely new level. At this moment, it is difficult to even imagine that any other broker site would get even close to them as a whole. For this reason, IQ Option is my absolute number one recommendation for every binary options investor. This broker site is truly top-notch in every feature that can be measured.
Overall rating of 4.9 out of 5.0.
Register now by clicking on the button below and to trade with the best!