To continue introducing you to the best binary options trading platforms on the market, today we introduce a platform with many years of experience operating in the market, which is the IQ Option platform. If you are curious, follow the article below to learn what IQ Option is, its advantages and disadvantages, how to register an account, perform transactions, and much more.
What is IQ Option?
IQ Option platform is a product of IQ Option – a subsidiary of IQ Option Europe Limited, headquartered in Agiou Sípou, launched in 2013. For many years, IQ Option has consistently ranked among the top reputable binary options trading platforms. This is because IQ Option is licensed by CySEC, a major and influential financial organization that licenses many trading platforms.
With a license from CySEC, customer benefits are ensured; for example, if any dispute arises during use that cannot be resolved independently, CySEC will mediate. Simply send an email request to CySEC, and the issue will be addressed. This has helped IQ Option attract many customers and earn a reputation for transparency and fairness.
In a past case, IQ Option was fined up to 180,000 EUR, demonstrating CySEC’s fairness and strictness. Therefore, you can use IQ Option with full confidence.
An announcement on the IQ Option website states that customer assets and company assets are unrelated. So, regardless of any incidents, the platform ensures customers can withdraw money normally. This is a unilateral statement from IQ Option; CySEC does not require or enforce such a policy, making verification somewhat difficult. However, in practice, since the platform’s launch, IQ Option has received very few negative reviews regarding withdrawals, so you can rest assured.
Basic information about IQ Option:
- Established: 2014
- Regulating Organization: CySEC
- Minimum deposit: 10 USD
- Minimum trade amount: 1 USD
- Trading products: Forex, stocks, options, and cryptocurrencies
- Maximum Payout Rate: 91%
- Funding methods: Internet Banking, Wire Transfer, Neteller, Perfect Money, Webmoney, Skrill
IQ Option Payout Rate
The payout rate refers to the reward percentage received when winning a bet, calculated as a percentage of your wager. For example, if you bet 100 USD with a payout rate of 90%, you receive 90 USD as a reward if you win; if you lose, you lose the 100 USD. This payout rate is paid directly into your account.
The payout rate at IQ Option is variable and unpredictable, typically ranging from 80% to 95%.
If trading on IQ Option during the two weekend days, the payout rate can reach up to 95%, and cryptocurrencies will be available for trading during these days. So, if you enjoy trading cryptocurrencies, keep an eye out.
Trading Platforms at IQ Option
Most platforms used are supported by IQ Option, including desktop applications, mobile apps, etc.
The mobile platform provided by IQ Option functions smoothly, with features similar to the web version. IQ Option also offers full technical indicators such as MACD, Bollinger Band, to assist traders in analyzing and researching the market.
Advantages and Disadvantages of IQ Option
Advantages
First, the long-standing experience of IQ Option, being an established and reputable trading platform. If we rank binary options trading platforms, IQ Option only ranks behind Olymp Trade but ahead of Binomo.
Over the years, IQ Option continuously upgrades and updates new features and trading products. Additionally, the platform offers a wealth of educational materials, from text to visual tutorials.
Moreover, IQ Option’s interface is very intuitive, attractive, and scientific, which helps new investors feel less overwhelmed and quickly become familiar with binary options trading.
Disadvantages
The most common complaint is that the payout rate at IQ Option is very inconsistent and unpredictable, affecting how traders calculate their profits.
Registering for IQ Option, how to create and activate an account on IQ Option
Create a trading account with IQ Option
Visit the IQ Option website via this link: https://iqoption.com/en or click
