An Honest Review on IQ Option Broker
One of our main goals is to look for the unique brokers that care about the clients. We could not find many that fall into that category. But we are not empty handed of course. With extensive research and investigation, we decided to present a review of IQ Option. This broker is one of The Republic’s favourites. We will discuss the pros and cons on this broker. You will also find out why the broker is unique compared to any other brokers in the market. Please read our IQ Option review before you decide to invest. Get to know our findings to find out if this is the right broker for you.
A brief history of IQ Option
Established Since: 2013
Regulated: Yes, CySEC
Payouts: Up to 90%
Min Deposit: $10
Min Invest: $1
Max Invest: $5000
Demo Account: yes
Assets: 70+ assets available.
Accepted Countries: Not all. Read below.
One of a kind platform
Mobile trading app for android and apple
Awesome customer service
Hassle free withdrawal
Does not accept the USA and Australia.
Detailed IQ Option Review
Is IQ Option Regulated?
As a trader, we all know that the best brokers in binary options are among the regulated one. The Republic always encourages the traders to avoid every unregulated broker. In our IQ Option review, we checked the regulatory body of this broker. IQ Option is Highly regulated by CySEC (Cyprus Securities and Exchange Commission). CySEC regulates all of its licensed brokers very strictly. Therefore, according to the conditions by CySEC, IQ Option is obliged to keep all their client’s funds in a segregated account. CySEC ensures that the money of all clients is safe and secured. As far as the regulation is concerned, we give the green signal for IQ Option.
In terms of trading assets, IQ Option has one of the most diverse sets of options. IQ Options has more than 70 assets to trade from. Traders can choose from a huge stock of assets. Traders have the option to select from Indices, commodities, stocks and currency pairs. They all the common currency pairs. You also choose stocks from Google, Facebook, Apple. Gold, Silver and more commodities are also relevant to some traders. IQ Option has a rich variety of assets. As a result, it gives users more comforts by letting them choose the right asset for them.
Trading Platform and Instruments
First of all, no other broker is even close if we compare the trading platform of IQ Option with them. It has one of a kind platform that you can’t find elsewhere. So, what is it, that makes the platform so unique? IQ option provides a standalone desktop software. You can of course trade using the browser but it is clever to install the software. The possibilities in this software are endless. Traders have the freedom to customise the platform according to their need and will. Traders can choose from different themes, trading windows etc. You can open as many tabs of different assets as you want and shift tabs just by a click. The interface is very rich in terms of graphics and is very user-friendly. Consequently, it is very easy to navigate to different assets and trades.
Furthermore, IQ Option also has applications both for android and ios. The mobile applications are as rich as the desktop. You can do almost anything in the mobile application, just like the desktop.In addition, the response time is very impressive. Trade execution is almost instant but having a fast internet connection is better. As a result getting the right price of the trade is ensured. In our IQ Option review, we found they have the best trading platform in the world.
IQ Option accepts traders from over 180 countries including Germany, Hongkong, Luxembourg, Norway, Saudi Arabia, Singapore, Sweden, UK, Switzerland etc. Therefore, most of the traders in the world can join IQ Option. They don’t accept clients from USA and Australia. Please contact us to know the best broker for your country.
Deposits and Withdrawals
IQ Option provides different types of deposit and withdrawal options. Clients can deposit using Neteller, Skrill, Master Card, Visa, Wire transfer. Minimum deposit option of $10 is one of the most noteworthy features of IQ Option.
Withdrawal from IQ Option is hassle free. Clients have several withdrawal options. Moreover, IQ option processes the withdrawal request within three business days.
Customer service is especially relevant to traders. Therefore, The Republic tested the customer service of IQ Options. They probably have one of the best customer service department. We found the customer service department very professional and friendly.
The Republic’s Verdict
Finally, The Republic’s verdict for IQ Option is, It is legit and one of the best brokers. The Republic highly recommends the IQ Option broker to our clients.