IMPORTANT INFORMATION! IQ OPTION DOES NO LONGER OFFER ANY KIND OF BONUS. IQ Option has decided not to offer bonuses anymore as a consequence of some traders having suffered further financial loss caused by the attempts to fulfil the required trading volume, which applies to each bonus. Thus IQ Option do not provide deposit bonuses anymore to prevent this from happening.
General risk warning
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose.
Launched in 2013, IQ Option has grown into the preferred destination for many a binary option trader, in a very short time. That isn’t just an empty statement. Thanks to the offer they put together,
IQ option have been able to draw in traders at a much higher rate than any of their competitors. They have essentially scratched every itch a trader may have: they feature a super-low minimum deposit requirement at $10, their minimum trade amount is $1 and they offer a genuine no-strings-attached demo account. To top it all off, they’re CySEC regulated too.
Their only shortcoming is that they do not accept traders from all over the world. Due to their regulatory status, they obviously don’t accept traders from the US. Furthermore, Israel, Sudan, Iran, Japan and Canada are also on their “no business” list.
IQ option Platform
The IQ option platform has been developed by a team of in-house programmers working hand-in-hand with actual traders. As such, the IQ option trading platform covers all the needs of a very exigent trader and much more. What you will hear most often about IQ option is that they provide superb trading tools for their clients, but that doesn’t even begin to tell the whole story. A few months ago, the broker launched a feature unprecedented in the world of binary option trading: a platform which allows traders to create their own trading robots.
The Robots. IQ option Platform
Indeed, this feature offered by IQ option deserves a review of its own. Its complexity and its power is simply amazing when it comes to handing the reins of auto-trading over to the community. Besides completely revolutionizing binary option trading, the Robots platform redefines social trading as well. The most important thing to remember about IQ option’s Robots is that we’re not looking at an auto trader or a trading robot in the “classic” sense. It is a platform which allows everyone to create and then to share his/her own trading robot.
The Robots platform comes with a Catalog, where all the user-created trading robots are listed, can be searched based on various features, and can be used for free by everyone. While only the creator can actually modify the algorithms on which these robots are based, everyone can tinker with the settings, thus exerting a sufficient amount of control over the robot.
The easiest way to get into the Robot trading game at IQ option is to just take one of the ready-made robots and to put it to use. All robots can be back-tested on historical data to make sure they do indeed do what they’re supposed to.
Those in a more adventurous mood can build their own robots, either through the robot-building wizard offered by the platform, or through one of the two constructors.
No programming knowledge is needed to create these robots, although the more intricate ones do require thorough technical analysis skills.
Robot-builders can even put their creations to the test in real-money trading contests, where thousands of dollars are up for grabs.
IQ option Option Types
What’s interesting about IQ option is that despite the huge selection of trading tools and the complete robot-building platform they offer, they currently only support two option types: Turbo options and classic Put/Call options. Their Turbo options are Put/Call ones too. The twist is that these Turbo options expire in 5 minutes. Their “regular options” feature longer expiry times.
IQ option Asset Index
Having poured so many resources into trading tools, IQ option didn’t focus quite as much on their selection of tradable assets. Still, they have some 70 currency pairs, commodities, stocks and indices on offer, so they should be able to cover the needs of most traders in this respect. Also, at 91%, they do indeed offer the best returns in the industry, a major mark in the “plus” column indeed.
IQ option Account Types
Except for their trading tools section, IQ option apparently like to keep their operation as simple as possible. They only feature two account types, but given their superb minimums on deposits and investments, that is hardly a minus.
The IQ option Real Account offers access to all 70 of their tradable assets, to all their trading opportunities as well as to their Robots platform. It only takes an $10 deposit to open an account like this.
The IQ option VIP account offers access to all the above, plus it throws in a personal manager and quicker withdrawals. It takes a $3,000 deposit though to open such an account.
IQ option Support
The IQ option support staff is obviously knowledgeable and eager to help and the response times on emails are good. There is however no chat or phone-based support currently.
When one considers the simplicity of the whole IQ option setup, their superb minimums, great returns and revolutionary trading tools, it’s easy to understand why it’s so popular with traders. They nailed all the aspects that are truly important for their clients, so hats off to them…We’ll probably hear more about their Robots platform in the future, especially if others begin emulating it.