IQ Option Review 2020 | Why Everything You Know About IQ option Is A Lie?
The Market of Binary Options Trading is breaching out and advancing every year, it is actually an astonishment.
To trade in this market Binary Options Products are a requirement and are extremely effective. However, many binary options products are scams and sometimes it becomes tough to find out the right binary options product.
IQ Option is definitely the right choice! Read IQ Option Review 2020
Why Trade With IQ Option? | IQ Option Review 2020
Among most of the online trading platforms, IQ Option Review 2020 is one of many. One of the reasons to use IQ Option is its interface.
The interface of this product is extremely user-friendly and on the other hand, you do not need any sort of training or help to start off because this product guides you to trade.
On a brighter note, the interface also allows the clients to go for video tutorials and also many kinds of analysis.
The client’s security is another thing that IQ Options is extremely cautious about.
They try their best to protect most of the client’s personal information and they have been successful at this all these years.
This is another behind going for IQ Options to trade in the binary options trading market.
IQ Option Review 2020 is one of Europe’s largest CFD brokers which will not only ensure your fund safety but also give you the opportunity to trade your fund with the highest comprehensibility.
In this review, you will get every answer you have in your mind about the IQ option and it will show you why IQ Option Review 2020 is the still best platform for trading.
Let’s dig into some issues and facts through which you will get a clear idea of why the IQ option is best than any other trading platform.
The first thing which comes onto the trader’s mind during the time of trading is whether my fund will be safe or not in that particular trading platform.
There are a lot of brokers buzzing around the market who claim that they will secure your find but in reality, it’s not.
But in IQ option, your fund will be completely safe as they have valid licenses to provide investment products within the European Union.
They got that license from Cyprus Securities and Exchange Commission where they were obliged to make commitments including client funds, marketing restrictions, and investment products.
All the client funds they kept onto a separate account and it is monitored by IQ option authority on a regular basis.
For that reason, they always have enough funds to meet the liquidity demand in the times of worst market conditions.
Whenever a trader starts trading, he or she needs to share some of the information related to funding and his own.
So, if you are an active trader, you will be very much concerned about your information within the platform in which you are trading.
IQ option is fully encrypted by SSL which ensures the ultimate trader’s information safety.
It uses AES 256 Bit encryption which ultimately works as a safeguard between a trader and the platform where there is very little possibility to leak trader information outside the platform.
Sometimes, hackers use different phishing tools to take funds from the traders without their knowing.
But in the case of IQ Option, it uses SSL encryption and it has the secure option mark beside their web address which actually means that you are very safe to visit that site.
3. IQ Option Assets Coverage
IQ Option Review 2020 allows traders to trade on different assets including stocks, cryptocurrencies, forex pairs, and ETFs.
They offer to trade on all major forex pairs and trying to increase their trading areas on some other cryptocurrencies too.
The area of assets covered by IQ option are given below:
- Stocks: There have the opportunity to trade hundreds of major stocks and overall 7500 stock which are listed on different exchanges all over the world. IQ option also complies with the stocks of NASDAQ and FTSE.
- Forex: Most of the traders now throughout the international market like to trade on different fiat currency.
Because of the increasing demand of cryptocurrency, some traders also want to trade their local currency in the cross to the cryptocurrency.
There have over 185 currency pairs that will allow you to enter into the global currency market with a different experience.
IQ option is also trying to increase the number of cryptocurrencies to trade and currently, they are allowing traders to trade on CFD with the cross to the USD and also with the major other currency pairs.
- Exchange-traded funds: ETFs actually allow the traders to trade on the stock indexes to gain profit.
IQ option offers the traders with a list of 4288 ETF instrument where they can pick their own ETF to trade.
4) Trading instruments
The most common instruments are CFD which means you can take a position based on the starting price and will gain profit or occur loss based on ending price.
You can take leverage larger than your current fund which may also amplify your return to the higher at the end of the day with proper risk management.
The position you take on CFD differs in terms of the asset class. For stock, it may 10X, for cryptocurrency, it is 20 X and for forex it is 200X.
IQ Option Review 2020 has different kinds of options opportunities including digital and binary options. Here, you need to put a small premium against the asset you have chosen.
You will get an expiry time and price in which if time goes on the favor of your money you will the return and if the time goes against it, then you will make a loss.
IQ option gives the traders a number of options to fund their money on it.
It allows different payment wallets for depositing money including Skrill, Web Money, Cash U, and Neteller.
The trader can also fund their money via Bank but the time it took depends on the situation and the bank you are located in.
For withdrawing the fund, it takes 24 hours from the request time according to the IQ Option Review 2020 and they allow to withdraw on the same medium on which they were deposited.
For the newbies who want to start trading but have a little fund, the IQ option allows them to start with only $10 with the real account.
6) Customer support
If any of the platforms failed to provide proper support, then obviously it will lose its authenticity on the market.
IQ option has a very dedicated support team who are constantly trying to keep their customers happy by any means.
In most of the platforms, the verification process of the customer is a hassle but in the case of IQ option, they are very supportive of that phase.
The average reply time of their support team is 2 hours which is still very fast as they have millions of customers around the world.
7) Jurisdictions and languages
IQ option is very much trusted by traders as it is fully legal and also listed by Cyprus Securities and exchange commission.
The clients which they have throughout the European Union are protected by the laws of the Cyprus Securities and Exchange Commission.
The website of the IQ option is translated into 13 languages for the benefit of the traders who want to trade with the native language.
For some legal reasons, the IQ Option Review 2020 does not operate in some of the countries for legal restrictions such as Syria, Japan, Belgium, Australia, and Palestine.
8) Demo account
Those who just started their trading but don’t want to trade instant on a real account, they can still trade fake funds through the IQ option platform.
IQ option deposit $10000 fake funds on the traders account and if, for any of the reason, the trader deplete the fund, then the IQ option will replenish it with the same amount of fund.
The trader doesn’t need to share any kind of personal information for trading on the demo account.
This account is very much helpful for the newbie who is just stepping into the trading.
9) Live accounts
Let’s say, you have traded with the demo account of IQ option and now are ready to trade your real fund, for that reason you need to open a live account on IQ option by providing all the personal and legal information.
There are two types of live accounts on IQ option that are given below:
- Real account: This is the entry-level trading account and almost similar to the demo account but the difference is, on the demo you had a fake fund but in the real account you need to deposit a minimum $10 real money.
Through this account, you will get access to all over 70 assets within different asset classes.
- VIP account: If you fund more than $3000 on IQ option live trading, you will be considered as a VIP account holder.
The benefit of having a VIP account is that you will get the assistance of an account manager who will give you a monthly report by analyzing it, where you can find a suggestion of improving your next trades.
Also, this report helps the big traders to amplify the returns from the trades as this report denotes the key points of every trade.
10) IQ Option Trading Platform
For any of the broker, trading platform plays a key role as most of the trading activities played through those platforms.
On the IQ option, 100 developers are constantly working to improve their platform.
They also take the recommendation of the other traders to improve the flexibility of the platform.
Their platforms also compatible MAC and windows supported PC.
You can also download the software of the platform on your computer to get a faster experience.
11) Platform functionality
Maybe your trading platform is impressive, but if the platform not functions well, then it has no value obviously.
In the case of IQ option, not only it has an impressive look, but also it has amazing functionality.
Let’s dig into some of the tools of IQ option through which you can understand why the IQ option platform is best than other platforms.
On the IQ option, there have different types that you can submit on time of placing the order.
Below there have some of the order types which you can place on the time of trading at IQ option:
- Multiplier: On this type of trading, you can get a higher return but also you need to take a higher risk.
- Stop Loss: With this tool, you can set up the maximum limit of your loss in your trade. When the loss limit is triggered, your trade will be stopped.
- Take profit: At the time of trading, you can set up your profit limit within your trading.
- Trailing stop: It operates dynamically during the time of trading as when the trade goes with reverse direction.
- Pre-order: On that type of trading, you can set up your trading before the price reach onto the price.
Stop-loss/take profit tools
IQ Option review 2020 gives the trader the opportunity to choose numerous option on the selection process of stop loss and take profit which is given below:
- Set the take profit on X percent
- Put the take profit on the numerical value
- Place the profit on asset price
On the selection of stop-loss, it also offers the same set of opportunities including:
- Set the stop loss X percent
- Place the stop loss on the numerical value
- Put the stop loss on asset price
You can also use the trailing stop and keep your fund running if you are willing to take more risks.
12) IQ Option charting
On the charting option, there have different layouts that you can choose at the time of trading.
Below there have given some of the charting tools that you can use :
- Area: It actually shows the pricing range on the underneath of the chart.
- Line: It shows price as the line on the chart underneath.
- Candle: It shows the starting and the end-time period of a price range on the trading with the solid colors.
- Hollow candles: It actually likes normal candles but it shows the positive and negative direction in every way on the trading chart.
- Bars: It actually shows the opening price and ending price thorough the bar graph.
On the underneath, it actually shows the opening price and one above, it shows the closing price.
If you trade on a technical basis or you are a technical analyst, then indicators are the must tool you need to use.
There are different types of indicators that IQ option support on their platform which are given below:
- Moving average: Moving average actually shows the direction of stocks or forex pairs on a certain period.
There have different periods of moving average like 15-day moving average, 50 days moving average, 200 days moving average.
The time frame depends on the type of traders. Short term traders actually use the lower period of the time frame and long term traders use the period of time frame.
There have many forms of moving average like Simple Moving Average, Exponential Moving Average, weighted average moving average, etc.
- Volume: It actually shows the number of assets traded on a certain period of time.
It is not associated with the price of asset but it shows the number of volumes traded on.
If the volume is high on a particular asset, then the asset is trading on a higher interest in the market.
- Bollinger Bands: Sometimes traders want to know the relative trend of the particular stocks or currency.
In that case, Bollinger bands work as a trend indicator of the trade and also there has a combination of moving average which ultimately leads the trader in the right direction.
- Alligator: It actually gives the signal when any particular trade of yours going in the right direction.
Sometimes, it works as a cross-functional indicator where it shows the possible upcoming market flows.
- RSI: Relative strength index actually compares the pricing range in a certain period of time.
This indicator is very much helpful for the trades as it shows a percentage basis pricing range from 0 to 100 percent.
- MACD: It actually shows the combination of convergence and divergence of a trade pattern.
It also refers to the strength of a pair when it was at its peak point.
This indicator goal is to provide a clear visualization of a trade to the traders in its high time.
- Parabolic SAR: It is also one kind of moving average but the difference a simple moving average and parabolic SAR is that parabolic acts on the high acceleration and moving average not.
Also, its position changes in the terms price action on a particular trade.
If the price continues to upward then the indicator remains the below of the price and if the price continues downward, it remains above the price
- Stochastic Oscillator: It actually refers to the current price action of a trend in relation to a certain period.
It is expressed in terms of percentage which is 0 to 100 just like RSI.
The difference between RSI and Stochastic RSI is that RSI shows the overall movement of a particular price but Stochastic RSI shows the current movement.
- Awesome Oscillator: If any of the pairs especially on the forex market started to make new trends and traders want to get the knowledge it, then this indicator can help.
Even some of the people consider it as the simplified version of MACD.
- ATR (Average True Range): It can’t predict the current movement but still if you want to see the current volatility of the market, then this indicator will be your best companion.
If ATR change actively then it indicates that the range of candlestick is increasing.
- ADX (Average Directional Movement Index): If any of the trend going upward and if you want to measure the strength of it, then this indicator can show you the current strength of it whether this trend will remain the same or not.
Ultimately it shows the current market volatility on every platform.
- Fractal: It actually the series of five candlesticks whereby locating the central candlestick, the trader can understand the reverse point of any particular trade.
- CCI (Commodity Channel Index): For finding the indication of the upcoming reversing point, you can use that indicator which will also show you the current market volatility.
On the extreme point of the market situation, this indicator actually helps a lot.
IQ Option Review 2020 offers over 13 technical indicators through which a trader can easily forecast his or her trade with more accuracy.
14) IQ Option mobile trading:
In this era, it is a little bit tough for the traders to sit all the time in front of the computers.
IQ Option Review 2020 has its own mobile platform where a trader can easily access his account and monitor his trade from any place.
IQ Option Review 2020 mobile platform support both android and ios to which a trader can easily navigate.
15) IQ option trading competition:
For being successful in the trading arena, motivation is very much necessary component to excite the psychology of a trader.
IQ Option Review 2020 often organizes a trading competition between the traders which also requires a very small fee.
Prizes are often on the cash and as traders like competition, so it’s a great opportunity for the traders to earn some extra bucks.
16) Earning OTN tokens
IQ Option Review 2020 only gives the trades to earn the OTN tokens, especially those who trade more on the IQ option platform.
On the other hand, the system of open trading network’s aim is to open the bond of all blockchain blocks during the time of trading.
That’s why the traders who trade more on cryptocurrencies are the main beneficiary of that tokens.
17) IQ option affiliate program
IQ option offers the people commissions who encourage others to use IQ options as their trading platform.
It offers 50 percent of the earning commission based on the earning of their referral. In other brokers, they offer 10-20 percent where IQ option is a lot better option for the affiliate earners.
For being an affiliate partner, you need to sign up on an affiliate account within the IQ option.
After that, they will ask you some of the documents which you needed to be provided to the customer.
For promoting the IQ option to others, it offers a wide range of marketing materials including video, graphics, scripts, etc which you will not get in any other financial broker.
But they have some terms and conditions which you need to comply with.
Also, the IQ option authority will monitor your activities all the time to ensure whether you are promoting their platform in the right way or not.
Affiliate program reputation
Whenever you promote a platform for others, it is a very much concerned thing that you should have a clearer idea about the platform and its activities.
IQ option always ensures that you have good knowledge about the platform and they have a blog that will ensure that you have a very good hand on it.
On the question of commissions, IQ option is always promising on that and you can receive your commission through Skrill, Neteller or wire transfer.
18) Customer complaints:
Comparing to other brokers, the IQ option still has a good review of the market.
But some of the customers still raising questions on the process of withdrawing funds as the broker demands KYC.
Besides that, the trader can deposit the money without sharing detail information but at the time of the withdrawal process, they need to go through some elaborate verification.
19) Is the IQ option broker for you:
If you are that type of broker who wants your fund security higher than others, wants a flexible trading platform, wants no hassle during the time depositing and withdrawing fund then this broker is best for you.
Also, on the question of customer support, there is very little complain raised about the professionalism in giving customer support.
How to Start IQ Option Review 2020?
You can start with this product by depositing the minimum amount of only 10 dollars which is extremely low and rare amongst most of the binary options products.
A fact which surprises most of the clients is that this binary options product allows all of their customers a free trial trading account so that they can understand if they will be able to continue with this product because apprehension is quite important before trading on this market using binary options products.
So, all you have to do is get this product in your computer, install the file, then create an account then finally get to know this product more through its guidance and depositing 10 dollars only.
Most clients find IQ Option extremely easy to operate. There is no reason to find it tough because IQ Options try their best to reach client’s satisfaction using their products and that is what they have been doing since all these years.
Is IQ Option Review 2020 a Scam?
In this market many products are scams; technically you can say that most products are scams.
However, this raises a humongous suspicion to the people.
IQ Options is definitely not a scam, they also have the license and have been successfully making their clients happy since the last few years.
In my opinion IQ Option Review 2020 is definitely one of the most secure and real software there is in this market.
You can trade with this product without having a little bit of nervousness about being trapped as it is not a scam even if you have heard rumors.
Binary Options Trading has actually taken a huge place in this whole world,
These products have done the same on the other hand. Using a binary options product helps a trader hugely in a lot of stuff like prediction and many others.
IQ Option Review 2020 is one of those binary options products which is considered to be at the top and has a really good success rate!