A quick look at the IQ Option website shows pages dedicated to their success, with many awards gained since they first launched. They picked up the Best Binary Options Broker and Best Binary Options Broker/Trading Application at the IAIR Awards; the Best Binary Options Broker gong at the FX Report Awards; the Most Innovative Binary Option Broker at Show FX World; and the Most Reliable Binary Options Broker and World’s Leading Binary Options Broker were both given to them by MasterForex-V.
- Multi-award winning
- Internationally recognised
- Wide range of awards
- Several years of recognition
The impressive list continues: The Forex Awards in 2014 named IQ Option as “a real blueprint for the industry” as they were awarded the Best Trading Platform for that year, which shows off their capability as a technological leader as well. Aside from options awards, they also picked up accolades for Best Mobile Trading Platform, as honoured at the IFM Awards, and Best Technology Application, a title awarded to them by the Web Marketing Association. IQ Option has been the recipient of numerous other awards, which can all be found displayed on their website. Naturally, this long list serves to highlight the usability of their platform.
IQ Option Minimum Deposit
The awards are all well and good, but how do you get involved with this platform and start trading? A quick search reveals that you can begin trading options for just $10, which is seen as very low compared to many of their competitors and therefore makes it easy to begin trading and put down an IQ Option deposit. Some websites indicate that you would be expected to place a minimum deposit of up to $250 with some brokerage services, which is a stark comparison when these figures are put next to each other. Further research indicates, however, that this is very much the minimum and that increased deposits will get you access to more benefits than this initial figure will allow you.
One example suggests that if you want a VIP IQ Option account, you would be looking at a much higher initial uptake of around $1,000. However, it is also apparent that while this fee seems high, it is not that much of an offering in order to get access to the top tier for an options trading account. In comparison, some citations state offerings of five-figure sums, all the way up to $25,000 for just one options broker comparison. Therefore, these figures provide you with a great place to begin as well as a platform for you to invest higher amounts of capital if you want VIP access.
Top 3 Forex Broker Comparison
IQ Option: How to Deposit
If you want to get started with IQ Option, it’s good to know how you can open your account and begin trading. When you get to the homepage on the website, you will see a panel appear on the right-hand side of your page. You can choose to auto-fill your details (name and email address) using either your Facebook or Google+ account, and from there, you will select a password and click the button that says ‘open an account for free’, making sure that you confirm your age with the tick box before doing so. From there, you will receive an email asking you to verify your email address and, having clicked on that, you will be redirected back to the homepage.
You will be provided with the option to add your phone number, though you can skip this step. Next, you will need to enter your personal data, before you choose your trading strategies. The IQ Option website then asks you some questions to pre-determine your trading experience and how you should begin. These include how you rate your appetite for investment (testing and discovery, amount of risk and length of strategy) before asking your net wealth, annual income and how much you would plan to invest throughout the year, as well as your source of funds. From here, for IQ Option how to deposit access, you will need to submit your KYC (Know Your Customer) documents – your identity documents – and then you can submit your funds.
A Trading Broker with a Community Feel
Aside from the inviting low amount required for an IQ Option minimum deposit, the company has more to offer to attract new customers. In fact, as well as their awards page on their website, they also have a page dedicated to positive coverage about them in the press. These articles are provided to offer fair and impartial reviews of the service, so it isn’t just coming from IQ Option themselves. Besides the articles that call IQ Option the best options broker, there are also pieces on just how options trading works, as well as new technology that the company is bringing in. Some recent examples of these incorporate discussions of the new CySec regulations for options trading, so you can understand the rules.
There is also news coverage of their foray into offering Forex trading markets and commodities as they diversify from their original offering of options. IQ Options also added cryptocurrencies and CFDs into their roster last year, alongside EFTs. All of these articles seek to show that IQ Options care about their customers and their ability to access the correct information. They aim to make sure that every potential investor knows not only the risks but also some of the wider information around the subject, so that people can make more of an informed decision.
How to Get Started with a Trading Demo Account
If you want to test the waters before investing your IQ Option minimum deposit, it is possible to get used to the platform first. By opening a trading demo account, you can use their practice platform before you get serious. This can be a great way to test certain strategies, and it particularly helps if you come across trading instruments you have not yet used before. If, for example, you were not aware that IQ Option offers more than just binary options and are interested in checking out if Forex trading could suit you, you can do all of this without investing any money at all.
- Test out what minimum deposit suits you
- Find your trusted strategies
- Check out different markets
Using the trading demo account allows you to play around, see what works and figure out, among other things, what your IQ Option minimum deposit should be. You might well find from your brief time spent getting used to everything that VIP access would suit you and that a higher deposit makes more sense for what you’re looking to do with your capital. If you decide you don’t want to risk too much to start with, you can find out at IQ Option how to deposit with a smaller fund to begin with – reducing any potential apprehension you may initially have. It of course also means that if you make a mistake the first time, it won’t cost you anything with your first investment.
Broker Comparison: What are the Options?
So with all of this information to get your head around, what are your options? If you are looking to find yourself a platform that not only allows you to make the trades you would expect, but also benefits from having a trader community to bounce ideas off, learn from and discover new tips and markets, this could definitely be a good choice for you. Not every broker appears to offer this kind of service, and IQ Option also has awards not just for being the best broker, but for being community-minded as well.
- Recipient of customer satisfaction awards
- Community platform
- Lots of FAQs answered
- Chat function to ask questions
Just last year, they were awarded the 2017 Award for Excellence by The Academy of Visual and Interactive Arts, which is termed ‘the highest honour’ in The Communicator Awards. The Business Initiative Directions Group also deemed them worthy of the Century International Quality Gold Era Award, which sought to recognise their aptitude in customer satisfaction as much as anything else. So if you are looking to invest in options, Forex, cryptocurrency and the like but also want to feel like you have an excellent backing in customer service should anything go wrong or you get stuck, the experts at IQ Option are positioning themselves as someone to consider in this regard. At the same time, you can also ask questions of the other investors on the platform so that you can confirm some of your thinking before beginning trading.
General reviews from users of the platform seem to be positive – especially around the community aspect. There are also different options accounts to choose from, which you may well expect from a company that specialised in this area since their inception. Although they have moved into additional markets since then, options are the territory that gave them their name – so you can opt for the traditional high-low option, which is considered to be a conventional form of this trading type, offering you the chance to trade on small movements in the market. It will offer you the mid-price of the trade, and you can choose to invest on the basis that it goes higher or lower.
There is also the so-called classical option – which is the speculation on the direction of the market of one trading instrument. Another is turbo, which operates within a very small window of between one and five minutes. These choices allow you to decide whether you wish to favour short- or long-term strategies, and you can opt to do both of these. The minimum deposit you choose to place may well also reflect which kinds of options you wish to trade on, although any of them will be viable with just the $10 standard minimum deposit. That said, higher deposits will allow you greater leverage on some of these options, but the risk inevitably increases as you do this.
The IQ Option Review: Our Verdict
With a small initial outlay, it’s clear that this option will likely attract many potential investors, especially when compared to some of their competitors who require a much higher first deposit to be undertaken before allowing a similar kind of access to the same amount of markets and trading instruments. With a trading account demo option also available, it is easy to get to grips with the platform and decide how you feel before figuring out how much capital you want to invest. With such an emphasis on community and customer service, IQ Option seem clear that they are here to help, whichever choice you want to make with your next investment, which is good to know – especially if you end up getting stuck with some of your plans, as you can see what others are up to and how it works for them.
- CySEC regulated
- Intuitive Trading Platform
- Wide range of cryptos supported